XRP analyst flags $0.70–$1.30 dip before a breakout toward $10

Published: 2026-05-17 18:29:09 |

A crypto analyst, Crypto Patel, says XRP is entering another accumulation phase after a sharp pullback from its July 2025 peak near $3.65. He compares the current XRP chart structure to the 2022–2024 period, when months of consolidation preceded a major breakout and a late-2024 rally. Patel highlights that XRP failed to hold momentum above the ~$2.40 area and later slid into a green support/accumulation zone around $1.10–$1.30. He suggests XRP could dip further toward $0.70 and potentially trade in the $0.70–$0.85 band, which he believes could set up the next breakout. For upside targets, Patel outlines a long-term path: interim goals at $5 and $10, with a longer-term target of $10 by 2028. His chart projects roughly a ~1,069% measured move from current levels if XRP reaches the $10 target. Overall, the thesis is consolidation first, then a larger advance. Note: The article includes a reminder that it is not financial advice (NFA) and encourages independent research (DYOR).

Bullish

The article’s core thesis is bullish for XRP, despite expecting a short-term pullback. Patel frames the move as consolidation/accumulation rather than a reversal. Historically, the cited 2022–2024 pattern shows months of accumulation inside a range followed by a breakout above a descending resistance trendline, which then produced a large rally. Traders often react to this kind of setup by positioning for a dip-buy (around the identified $1.10–$1.30 support, and possibly $0.70–$0.85) while monitoring whether XRP can reclaim resistance levels such as the ~$2.40 area. Short term: downside pressure or sideways movement is plausible if XRP validates the support zone breakdown risk, increasing volatility around $0.70 and $1.10–$1.30. Long term: if the accumulation thesis holds, the market may gradually reprice XRP upward toward the staged targets ($5, then $10, with a longer-dated $10 by 2028). Overall, the expected sequence (dip → consolidation → breakout) aligns with a bullish market structure for XRP.