XRP has shed more than 60% of its value since the 2024 highs that followed the conclusion of its legal battle with the SEC, with the token now hovering near $1. Despite the prolonged downtrend, one analyst is sticking to a long-term price target well above current levels — but warns it won't happen fast.
The long slide
The SEC case ended in 2024, and XRP surged, briefly brushing its all-time high near $3.8. That rally didn't hold. Over the past year-plus, the token has been in a steady decline, falling toward $1 — a drop that wiped out the bulk of the post-settlement gains. The current price is still a 37,000% rally from the lows of $0.003 in 2017, but the momentum has clearly shifted.
Accumulation zones
Crypto Patel, a crypto analyst, has been tracking XRP for years. He recently noted that back in 2017, when XRP traded at $0.003, the dream was to see it hit $1 — which it eventually did. Now, with the token trading above that level, Patel suggests accumulation zones between $0.6 and $1, with $1 as the highest accumulation level. That range is essentially where XRP is already sitting.
The $10 question
Predictions of XRP moving above $10 have persisted for years. Patel believes the target is still achievable, but he's not putting a date on it. “It requires time and patience,” he said in a recent post. The analyst’s cautious tone stands in contrast to the euphoria that followed the SEC settlement. For now, the token's price action suggests the market is still waiting for the next catalyst — whether that's a new use case, regulatory clarity beyond the U.S., or simply time for supply to tighten.
