XRP's Next Move: $10 or a Dip to $1 First?
XRP finds itself at a critical juncture, currently consolidating in the mid-$1 range, with recent trading hovering between $1.38 and $1.46. While some stability has been observed following a previous crash, market sentiment among crypto traders and analysts remains sharply divided, sparking a crucial debate on its immediate future.
Divided Sentiments and Analyst Warnings
Despite widespread optimism within the XRP community that the token is poised for a rapid ascent into double-digit territory, potentially reaching $10, a recent technical analysis from crypto analyst Crypto Patel offers a more cautious perspective. Patel's insights challenge the notion of a straightforward path to $10, suggesting that the market-wide sentiment required for such a move may not yet be fully established. The central question for investors now is whether XRP will push directly towards higher valuations or undergo a corrective phase that could see it retesting the $1 mark.
Charting the Path: A Technical Perspective
According to the monthly candlestick chart, a revisit to the $1 area appears more probable before any sustained upward momentum towards $10. XRP is presently trading approximately 60% below its July 2025 peak. The analysis highlights a significant resistance band above current price levels and, crucially, identifies a well-defined accumulation zone further down. While a drastic 96% collapse similar to 2018's drop from $3.28 to $0.105 is deemed unlikely, a controlled retracement below $1 remains a distinct possibility. Should XRP's price unwind below $1, the region between $0.70 and $0.50 is pinpointed as the most attractive long-term accumulation area for strategic investors.
Strategic Accumulation and Patience
In the current market climate, chasing local price highs presents considerable risk. For those looking to enter the market, Crypto Patel suggests that the optimal buying zone lies between $0.70 and $0.50. The $1 level is also considered a reasonable entry point, though recommended for smaller position sizes. Above all, the analysis underscores the paramount importance of patience and warns against succumbing to the Fear Of Missing Out (FOMO) when prices are at their peak. A decisive weekly close above $1.50 would be a significant indicator, potentially shifting sentiment towards a more bullish outlook.
