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

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.