XRP, said to be dead, $10 just around the corner?…Surging pattern that crushed pessimism reappears

▲ XRP

XRP is recreating a pattern where it surged, breaking through past market pessimism, and an analysis suggests it could rise to the $10 to $20 range in the long term.

The Crypto Basic reported on May 5 (local time), citing an analysis by cryptocurrency analyst Crypto Patel, that XRP's long-term price structure is becoming similar to the phase just before past surges. Patel argued that as long as key support levels are maintained, XRP's potential to reach $10 could be closer than the market thinks.

Patel explained that XRP has a history of directly defying negative market sentiment in the past. In 2017, when XRP was trading around $0.006, the market considered the possibility of reaching $3 unrealistic, but XRP later surged by 55,733% to $3.35. Even in 2023, when XRP lingered around $0.5, the market labeled it a ‘dead asset,’ but it surged to $2.60 in just 30 days in November 2024. Subsequently, it rose to $3.36 in January 2025, and then set a new all-time high of $3.67 in July 2025.

According to the chart structure, XRP is analyzed to have exited its long-term downtrend and is now forming convergence and re-accumulation zones. Patel's chart indicated a broad accumulation zone between $0.70 and $0.90, and a higher accumulation zone around $1.10 to $1.20. This was interpreted as a sign that buyers are entering even at higher price levels than before.

After breaking the downtrend line in November 2024, XRP surged strongly to the resistance zone around $3, but failed to overcome that supply zone and experienced a significant pullback. However, the fact that it is building a base above the previous resistance level of around $1.20 was assessed not as a complete breakdown of the bullish structure, but as a process of forming higher lows.

Another pillar of the bullish argument is XRP's utility in payments. Patel argued that a significant portion of the market still does not properly understand XRP's real-world utility. XRP plays a crucial role in Ripple's payment business, and is utilized in cross-border payment systems, leveraging its strengths of faster processing speed and lower transaction costs compared to Bitcoin (BTC) and Ethereum (ETH).

The Crypto Basic cited a related report, stating that Ripple possesses a network of over 13,000 banks and a payment flow worth $12.5 trillion. However, while adoption itself does not directly determine market value, it is a factor that influences how XRP is evaluated in the global digital asset market.

The short-term resistance level was presented as the $2 to $3 range. If XRP consistently breaks through this range, it could signal a stronger market structure shift, and in the long term, there could be room for an increase to $10 to $20. Patel considered the $10 and $20 price targets to be entirely possible after a breakthrough, estimating these to represent potential gains of 614% and 1,328% respectively. However, he drew the line at a $100 forecast, calling it an excessive expectation for now.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*