XRP Down 60% From ATH — Is This the Best Buy Opportunity Before $10?

thecryptobasic.com 3 h

Analytics

$XRP is down 60% from its peak of $3.66, and market watchers are debating whether this pullback is a final shakeout before a push toward double digits.

Technical analyst CryptoPatel weighed in on this in a recent chart outlook. $XRP’s price had dipped to around $1.15 following his comments before rebounding to the $1.40 level, keeping volatility elevated.

Key Points

$XRP down 60% from $3.66 ATH; traders debate if current dip is a buy opportunity before $10.
CryptoPatel sees macro trend reversal after 4-year wedge breakout; $XRP may consolidate $1–$1.50.
Strategic buy zone $0.70–$0.80; targets $3.50, $5, $8.70, and potential $10 if bullish trend continues.
AI forecasts 2026 $XRP price $2–$3.5 base, bullish $3.5–$8.5; drop below $1.35 could risk $1.

600% Rally After 4-Year Wedge Break

In his post, CryptoPatel argued that $XRP has already confirmed a macro trend reversal after breaking out of a four-year descending wedge that formed between 2020 and 2024. According to his analysis:

$XRP surged more than 600% from the $0.60 breakout zone
The long-term descending wedge resistance has been breached
The market is now consolidating in what he describes as a re-accumulation phase

He identifies the $1.00–$1.50 range as a Fair Value Gap (FVG) and re-accumulation zone, suggesting that trading within this band could lead to a longer-term continuation upward.

Bullish Above $1, But There’s a Line in the Sand

Despite the recent dip, CryptoPatel says $XRP’s long-term outlook remains bullish as long as it stays above $1. He notes that a weekly close below $1.30 would invalidate this view. Notably, $XRP briefly dipped to $1.15 days after his post, trading temporarily below that level.

Strategic Entries and $10 Target

While $XRP is currently around $1.40, the analyst suggests a deeper buy zone between $0.70 and $0.80 to take advantage of a potential dip before the next upward move. He expects the token could rise to $3.50, then $5.00, followed by $8.70, and potentially surpass $10.

Since $XRP is still about 60% below its $3.66 peak, many traders view the current range as a discount zone if the broader bullish trend continues.

Bulls see support above $1 as keeping the macro breakout intact, while a weekly close below $1.30 could turn sentiment bearish. Some analysts predict a drop to as low as $0.50 for $XRP, while bulls believe the worst is over.

AI Projections for $XRP Price in 2026

Alibaba’s AI model KIMI has also weighed in on $XRP price forecasts for 2026. It projects $XRP will finish the year between $2 and $3.50, with a base case of $2.45–$3.26. The model anticipates price growth driven by adoption and infrastructure rather than speculation.

Under a bullish scenario, $XRP could reach $3.50–$5, or up to $8.50 in an extreme case, if institutional inflows, stablecoin usage, legal clarity, and cross-border adoption align.

However, downside risks remain. KIMI notes that a drop below $1.35 could push $XRP toward $1 if macro conditions tighten or institutional flows stall.

Other AI models, like ChatGPT, estimate a base case of $2.50–$5.50, bullish up to $6–$9. Interestingly, Elon Musk’s AI, Grok, predicts $10, though some analysts consider this unlikely.