XRP, once declared dead, $10 just around the corner?…Surge pattern that shattered pessimism reappears

▲ XRP

XRP is recreating the pattern of surging 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 asserted that as long as key support levels are maintained, XRP's potential to reach $10 could be closer than the market anticipates.

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 subsequently surged by 55,733% to $3.35. Even in 2023, when XRP hovered around $0.5, the market labeled it a 'dead asset,' but it surged to $2.60 in just 30 days in November 2024. It then rose to $3.36 in January 2025, and by July 2025, it set a new all-time high of $3.67.

Based on the chart structure, XRP is analyzed to have broken out of a 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 at higher price levels than before.

After breaking through the downtrend line in November 2024, XRP rose 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 collapse 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 asserted that a significant portion of the market still does not fully understand XRP's real-world utility. XRP plays a crucial role in Ripple's payment business and is utilized in cross-border payment systems, boasting fast processing speeds and low transaction costs compared to Bitcoin (BTC) and Ethereum (ETH).

The Crypto Basic, citing a related report, stated that Ripple possesses a network of over 13,000 bank connections and payment flows amounting to $12.5 trillion. However, while adoption itself does not directly determine market value, it influences how XRP is perceived in the global digital asset market, the report explained.

The short-term resistance level was presented as the $2 to $3 range. If XRP consistently breaks through this range, it could be a stronger signal of a market structure shift, and in the long term, there could be room for a rise to $10 to $20, according to the analysis. Patel considered the $10 and $20 price targets to be fully achievable after a breakout, estimating these represent potential increases of 614% and 1,328%, respectively. However, he drew the line at the $100 forecast, stating it is currently an excessive expectation.

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