Rocket Pool price prediction 2024-2030: Is RPL a good investment?

Key takeaways

• Rocket Pool price prediction for 2024 could reach a maximum value of $20.23.
• By 2027, RPL could reach a maximum price of $65.32.
• In 2030, RPL will range between $167.86 to $198.91.

Unlike traditional staking services, Rocket Pool allows users to pool their Ethereum (ETH) together to run validator nodes on the Ethereum 2.0 network. Thus, participants can participate in the staking process without requiring the full 32 ETH typically needed to run a validator node.

Furthermore, Rocket Pool introduces the concept of “rETH” tokens, issued to users who stake ETH in the Rocket Pool network. These rETH tokens represent users’ stake in the pool and can be traded or transferred independently of the underlying ETH, providing liquidity and flexibility to participants.

Overall, Rocket Pool aims to democratize Ethereum staking and contribute to the decentralization of the Ethereum network by providing a secure, efficient, and accessible platform for staking participation. As DeFi continues to gain traction, Rocket Pool stands out as a pioneering project at the forefront of innovation in the cryptocurrency ecosystem.

Overview

Cryptocurrency	Rocket Pool
Token	RPL
Price	$15.99
Market Cap	$308,790,575
Trading Volume	$5,481,604
Circulating Supply	20,522,127
All-time High Date	$154.73  Nov 15, 2021
All-time Low Date	$0.09118  May 17, 2019
24-h High	$16.40
24-h Low	$15.87

Rocket Pool technical analysis

Metric	Value
Price Prediction	$ 21.43  (39.92%)
Volatility	15.73%
50-day SMA	$21.65
14-Day RSI	31.39
Sentiment	Bearish
Fear & Greed Index	29 (Fear)
Green Days	11/30 (37%)
200-Day SMA	$ 26.72

Rocket Pool price analysis: RPL shows dormancy at $15.99 after a bearish run

TL;DR Breakdown

• Rocket Pool price analysis shows an extremely bearish trend.
• The RPL coin has dropped by over 1.78% at the time of writing.
• Rocket Pool prices have sought support and resistance at $15.87 and $16.40, respectively.

The Rocket Pool price analysis for 28 July indicates a bearish trend, with the price declining from approximately $16.1226 to $15.99. The price action displays a pattern of lower highs and lower lows, reflecting persistent selling pressure and a lack of strong buying interest. Despite occasional short-lived recoveries, the overall trajectory remains downward. The consistent downward movement suggests a prevailing bearish sentiment in the market, with sellers dominating and pushing the price lower. This downtrend indicates that Rocket Pool is currently trading at $15.99 experiencing a period of weakness, with further declines possible unless market conditions improve.

Rocket Pool price analysis 1-day chart: RPL moves towards bearish dynamics at $15.99

The 1-day Rocket Pool price analysis shows bears are defining the price movement today. The RPL price has been trading within a downward trend, with support and resistance levels at $15.87 and 16.40, respectively. The bears have successfully pushed prices lower, causing RPL to fall below the range’s lower bound and settle near the current level of $15.99.

The Bollinger Bands show the price moving near the lower band at $14.32, suggesting that the asset is experiencing high volatility and downward pressure. The upper Bollinger Band is currently at $19.84, while the middle band is at $17.08, furthering the bearish sentiment in the market. The relative strength index (RSI) is currently at 40.96, indicating a buildup of bullish momentum in the market.

RPL/USD 4-hour price chart: Recent Updates

The Rocket Pool (RPL) price action in the daily chart shows a clear bearish trend. The price has been declining from higher levels of around $17 to the current level of approximately $15.99. Despite occasional short-lived recoveries, the price continues to form lower highs and lower lows, reflecting persistent selling pressure and a lack of strong buying interest. This pattern suggests that the market sentiment remains bearish, with sellers dominating the market and pushing the price lower.

The RSI is currently at 41.82, suggesting bullish momentum is continuing in the hourly chart. The Upper Bollinger Band is currently at $16.69, which acts as immediate resistance for the price, and the Lower Bollinger Band is at $15.55, which might act as immediate support for prices in case of a bearish breakout.

RPL technical indicators: Levels and action

Daily simple moving average (SMA)

Period	Value ($)	Action
SMA 3	18.11	SELL
SMA 5	18.57	SELL
SMA 10	20.13	SELL
SMA 21	21.66	SELL
SMA 50	21.65	SELL
SMA 100	22.62	SELL
SMA 200	26.72	SELL

Daily exponential moving average (EMA)

Period	Value ($)	Action
EMA 3	19.71	SELL
EMA 5	20.66	SELL
EMA 10	21.94	SELL
EMA 21	22.52	SELL
EMA 50	22.61	SELL
EMA 100	23.74	SELL
EMA 200	25.63	SELL

Rocket Pool Price Analysis Conclusion

Rocket Pool price analysis shows bearish sentiment taking shape with no signs of an imminent rebound. The nearest support level is $15.87, while the upper limit of resistance sits at $16.40. These marks are significant, as RPL will need to break above the resistance level in order to confirm any sort of bullish momentum. However, if the price fails to break above that level and continues to remain stagnant, then this could be indicative of a further bearish run.

Is Rocket Pool a good investment?

Rocket Pool is a considerable investment for those interested in decentralized Ethereum staking. It simplifies entry by reducing the infrastructure requirements for node operators. As a pioneering decentralized staking protocol, Rocket Pool benefits from its established position within the Ethereum ecosystem. The utility and demand for the RPL token are driven by its critical role in providing collateral for node operators, which is essential for maintaining the integrity and reliability of the service.

Nonetheless, prospective investors should carefully evaluate the competitive landscape, regulatory developments, and technological challenges that could impact its future growth. Active development and a strong community are positive signs, but as with any cryptocurrency investment, it involves risks that require diligent research and consideration of personal financial circumstances.

Will RPL recover?

Rocket Pool (RPL) the current rocket pool price shows a downward trend, recovery is uncertain without further positive market signals. Continuous monitoring of price movements and market conditions is necessary to determine potential recovery.

Will Rocket Pool reach $50

RPL shows a significant downward trend, reaching $50 seems unlikely in the near term. Substantial further data, positive market changes and increased buying interest would be required for such a significant price increase.

Will Rocket Pool reach $100?

Rocket Pool (RPL)is in a downward trend, reaching $100 appears highly improbable in the near term.

Does RPL have a good long-term future?

RPL’s chart shows an immediate outlook appears bearish. However, assessing its long-term future requires considering broader market trends.

Recent news/opinion on Rocket Pool

•  Rocket Pool (RPL) surged past $30 amid high trading volume, driven by the Houston upgrade’s launch and community excitement.
• The upgrade introduces new staking features and enhances the protocol’s tokenomics, reducing RPL inflation and changing node operator requirements.

Rocket Pool price prediction July 2024

The price of Rocket Pool in July is predicted to reach a minimum value of $16.69. Traders can anticipate a maximum value of $19.37 and an average trading price of $17.21.

Period	Minimum price	Average price	Maximum price
RPL price prediction July 2024	$16.69	$17.21	$19.37

Rocket Pool Price Prediction 2024

In 2024, RPL’s average forecast price could be about $19.25. Its minimum and maximum prices can be expected at $18.49 and $20.23, respectively.

Period	Minimum price	Average price	Maximum price
RPL price prediction 2024	$18.49	$19.25	$20.23

Rocket Pool price predictions 2025 – 2030

Year	Minimum price	Average price	Maximum price
2025	$26.73	$27.70	$32.73
2026	$38.36	$39.47	$46.49
2027	$54.12	$55.70	$65.32
2028	$76.59	$79.37	$93.81
2029	$112.49	$116.45	$134.20
2030	$167.86	$172.51	$198.91

Rocket Pool price prediction 2025

In 2025, RPL’s average price could be about $27.70. Its minimum and maximum prices can be expected at $26.73 and $32.73, respectively.

Rocket Pool price prediction 2026

The RPL forecast for 2026 suggests a price range of $38.36 to $46.49 and an average RPL trading price of $39.47.

Rocket Pool (RPL) price prediction 2027

As per RPL’s Price Prediction 2027, the coin’s price could reach a maximum of $65.32 and a minimum price of $54.12, with a year-round average of $55.70.

Rocket Pool price prediction 2028

The price of Rocket Pool is predicted to reach a minimum value of $76.59 in 2028. Traders can expect a maximum value of $93.81 and an average trading price of $79.37.

Rocket Pool price prediction 2029

In 2029, RPL’s average forecast price could be about $116.45. Its minimum and maximum prices can be expected at $112.49 and $134.20, respectively.

Rocket Pool (RPL) price prediction 2030

In 2030, the price of Rocket Pool is forecasted to be around a minimum value of $167.86, a maximum value of $193.91, and an average trading value of $172.51. 

Rocket Pool market price prediction: Analysts’ RPL price forecast

Firm Name	2024	2025
Changelly	$23.91	$42.67
DigitalCoinPrice	$43.56	$51.67
SwapSpace	$13.33	$24.47

• According to PricePrediction.net, RPL’s minimum values rise from $28.94 in 2024 to $254.97 in 2030, with maximum values increasing from $33.41 to $306.15.
• Per SwapSpace, RPL shows a -9% ROI in 2024 (sell), 37% in 2025 (buy), 65% in 2026 (buy), -5% in 2027, and 102% in 2030 (buy).
• According to CoinCu, RPL’s 2029 average prices range from $891.69 to $1,253.93, and 2030 prices range from $1,114.61 to $1,532.59.

Cryptopolitan’s Rocket Pool price prediction

Cryptopolitan’s Rocket Pool (RPL) analysis suggests a minimum price of rocket pool rise $18.49, an average of $19.25, and a maximum of $20.23 in 2024. Looking ahead, our predictions for 2025 indicate more significant growth, with the token’s price ranging from $26.73 to $32.73.

Rocket Pool historic price sentiment

• The year 2020 marked a transformative period for Rocket Pool, with its price starting at $0.4877 in January and soaring to $3.70 by August, reflecting substantial growth.
• Despite early challenges in 2020, with prices as low as $0.3813 in March, Rocket Pool demonstrated resilience and ended the year on a positive note, closing at $4.27 in December.
• Notably, Rocket Pool experienced a surge in trading volume during the latter half of 2020, indicating increasing investor interest and confidence in the company’s prospects.
• 2021 showcased volatility in Rocket Pool’s price, with highs of $51.27 in November amidst a peak in trading volume. However, it faced significant lows earlier in the year, dipping to $4.27 in January.
• The year 2022 reflected a mixed sentiment, with Rocket Pool experiencing peaks and valleys. It started the year at $27.57, showing promise, but ended with a decline to $10.50 by June.
• In 2023, the stock witnessed a bullish trend, reaching its peak in March with a high of $64.29. However, it experienced a sharp decline thereafter, closing the year at $27.57, indicating a substantial downturn.
• RPL started trading around the $30 mark in January 2024, dropped to about $27 in February, but soon regained momentum, reaching $38 in mid-March.
• A bearish wave followed, taking RPL to $19.59 by April 18 and $18.29 by May 20. In June 2024, Rocket Pool (RPL) traded between $19 – $28; now, in July, the token is trading within the $13.31 – $20.22 range.