Ripple (XRP) price has always been an intense topic for speculation. The fact that the token is significantly down from its earlier ATH of $3.66 speaks volumes about how weak the overall crypto market’s stance has been as of late. But the current XRP crash could also be a catalyst for a new rally, mirroring its 800% past rise setup. Can XRP repeat this historic price rally once again?
Also Read: XRP Long-Term Price Prediction: Can It Hit $20 In 2036?
XRP Crash Peak Setup Gains Momentum
The XRP price setup is now mirroring a historic style, the one that is capable of pushing it to hit an 800% high. Per Crypto Patel, XRP is currently down 39% from its earlier high of $3.66, trading at a low of $1.5. However, in the past, XRP had mirrored the exact same price setup, which enabled the asset to rise by 830%.
“$XRP Crashed 69%, and Everyone Is Panicking: Last Time This Happened, It Pumped 835%. #XRP Is Trading Around $1.39 After Breaking Down From $2 Support Zone. Currently Retesting The HTF Demand Level, Which Previously Acted As Multi-Year Accumulation Zone Upper Boundary. Already Experienced -69% Correction From Recent ATH Of $3.66, Classic Breakout-Retest Setup Forming. Price Testing Critical Support Zone After Explosive 835% Rally From Accumulation.”
Per Patel, the XRP bullish accumulation zone is at $0.66. In a worst-case scenario, XRP must hold on to the $0.66 support to bounce back to glory. The expert later added how it may pave the way for XRP to eventually hit $2, $5, or $10 in the long haul.
“CURRENT TECHNICAL STRUCTURE. Bullish Support (Accumulation Zone): $0.86-$0.66. Price Must Hold Above $0.66 For Bullish Continuation. Multi-Year Breakout Retest + Accumulation Zone Confluence = Strong Demand. Massive Capitulation Event + Key Support Test = High Probability Reversal Zone. Weekly close below $0.66 = bullish invalidation. Upside Targets: $2 ➔ $3 ➔ $5 ➔ $10+ (~10x From Accumulation Zone).”
Technical Timelines to Focus On?
According to CoinCodex XRP Stats, XRP may eventually hit a new high of $5 by the year 2030.
“XRP is forecasted to hit $1.56 by the end of 2026 (+8.73% compared to current rates), $5.54 by 2030 (+285.51%), $8.68 by 2040 (+503.90%), and $14.54 by 2050 (+911.65%). All values represent end-of-year price estimates according to our models.”
Also Read: Arizona Bill Proposes XRP To be Included in State Reserve Fund
