[Digital Today reporter Kim Ye-seul] An analysis says XRP is holding a key support zone and is drawing closer to $10 over the long term.

The Crypto Basic, a blockchain outlet, reported on May 5 that Crypto Patel (크립토 패텔) assessed XRP’s long-term chart structure as again becoming similar to phases that preceded past surges.

Patel cited cases in which XRP moved against market sentiment. When XRP traded near $0.006 in 2017, there were assessments that a $3 outlook was unrealistic, but it rose 55,733 percent to $3.35 the following year. In 2023, there were also assessments that XRP was finished when it hovered around $0.50, but in November 2024 it climbed to $2.60 in 30 days.

XRP later rose to $3.36 in January 2025 and hit a record high of $3.67 in July 2025. It is now trading at $1.40.

The accumulation zone on the chart has also moved higher. XRP previously moved sideways in the $0.70 to $0.90 range before rising, and more recently a higher accumulation zone formed around $1.10 to $1.20. After breaking above a downtrend line in November 2024, it quickly climbed to a resistance zone around $3, but failed to clear it and has since undergone a 61 percent correction to current levels.

Even so, XRP is maintaining support above around $1.20, which had been a prior resistance line. Patel interpreted this as a move that is making higher lows rather than lower highs. Short-term resistance was presented as the $2 to $3 range. He said that if it clears that level in a stable way, a market structure change could become clearer.

Patel also cited XRP’s utility as part of the bullish case. He said XRP is linked to global payment infrastructure through Ripple’s payment business and is used in cross-border payment systems because it is faster than bitcoin and ether and has lower transaction costs. A recent report mentioned that Ripple has secured a network connecting more than 13,000 banks and a payment volume of $1.25 trillion.

Patel said that if a breakout occurs, a move to $10 to $20 is also possible. Based on the current price, the gains would be 614 percent and 1,328 percent, respectively. He assessed a $100 outlook as excessive at this point.