They Called XRP Dead in 2023, Now $10 Is Closer Than You Think: Analyst

$XRP has a history of moving against market sentiment, and that pattern is again showing signs of repeating, this time targeting uncharted territory.

Analysis from Crypto Patel highlighted that the $XRP long-term structure is beginning to resemble earlier phases that preceded sharp moves. With key support levels still intact, the commentator claims that $10 is closer than most people think.

Key Points

• The $XRP long-term structure is beginning to resemble earlier phases that preceded sharp moves.
• An accompanying chart shows a broader accumulation area around $0.70 and $0.90, as well as a milder support zone near $1.20.
• Part of $XRP’s bullish narrative comes from its utility in payment and its efficiency compared to Bitcoin and Ethereum.
• Short-term resistance remains near the $2-$3 range, while the long-term target is $10-$20.

Recurring Pattern of Price Expansion When Doubt Arises

Patel emphasized that earlier cycles show how quickly narratives can shift for $XRP. In 2017, critics dismissed $XRP when it traded near $0.006, calling $3 a “fantasy.” Yet it went on to rally 55,733% to $3.35 the following year.

A similar dynamic appeared again in November 2024. Market watchers pronounced $XRP “dead” in 2023 when the price traded around $0.5. Again, the coin moved against crowd sentiment, surging to $2.60 in 30 days.

It eventually rallied to $3.36 in January 2025 before reaching a new all-time high of $3.67 by July 2025 despite widespread skepticism.

Today, $XRP is trading at $1.40, with price action hovering above a range that has served as support in recent months. An accompanying chart highlights a broader accumulation area around $0.70 and $0.90, where $XRP previously consolidated before moving higher.

More recently, a higher accumulation region has formed near the $1.10 to $1.20 level, suggesting that buyers have continued to step in at elevated levels.

Price Structure Shows Accumulation and Breakout Setup

The chart structure reflects a transition from a prolonged downtrend into a consolidation phase. After breaking above a descending trendline earlier in November 2024, $XRP entered a strong upward move to the resistance area around $3. Bulls failed to push above this supply zone, forcing a 61% price pullback to the current level.

However, $XRP appears to be forming a base above previous resistance near $1.20, which is now acting as support. This type of behavior often indicates that an asset is sustaining upward momentum, forming higher lows rather than lower highs.

$XRP Utility Narrative Shapes Bullish Outlook

Part of the bullish narrative in $XRP comes from its utility, a feature Patel claims 99% still doesn’t understand. The asset has strong positioning within the global settlement infrastructure, playing a crucial role in Ripple’s payment business.

Further, compared to Bitcoin and Ethereum, $XRP is faster and has lower transaction costs, which has supported its use in cross-border payment systems. The analysis noted that banks are already using $XRP globally, reinforcing its strengthening appeal.

That utility narrative has remained consistent even during periods of weaker price performance. A recent report highlighted that Ripple has over 13,000 bank connections and $12.5 trillion in payment volume. As an integral part of that system, this highlights $XRP’s growing role in the global markets.

While adoption alone does not determine market value, it continues to influence how $XRP is perceived within the broader digital asset landscape. The analyst noted that the tech is ready, the rails are in existence, and adoption is expanding, yet $XRP still trades near $1.40.

$XRP Price Outlook

The chart shows that short-term resistance remains near the $2-$3 range, where price has previously struggled to maintain momentum. A sustained move above that region would signal a stronger shift in market structure and could open the path toward higher levels over time.

Patel noted that $10 to $20 is absolutely possible once the breakout occurs, citing these levels as long-term targets. Based on the current market price, this would imply staggering growth of 614% and 1,328%, respectively.

While he talked up the prospects of a $100 valuation, the analyst deems it an overreach at this time.