June 10, 2026 ChainGPT

XRP Down Nearly 50%: Big Holder Sells as $10 Bull Case Sparks Debate

XRP Down Nearly 50%: Big Holder Sells as $10 Bull Case Sparks Debate
Headline: XRP down nearly 50% over the year as bullish price calls clash with shaken investor confidence XRP has lost almost half its value over the past year, wiping out most of the gains from the 2024 rally and leaving market sentiment around the token noticeably sour. Many investors have publicly lamented the pullback—and one sizable holder has acted on that frustration. Crypto strategist and investor "Bobby A" revealed he sold the bulk of his XRP holdings after they traded above $2.85, pointing to what he described as a "nasty-looking monthly" chart candle as the catalyst. Despite the token’s subsequent decline, Bobby said he doesn’t think the downside is finished: he plans to re-enter only if XRP falls below $1, implying he expects at least another ~10% drop before buying back in. Still, he maintains that a $10 price target for XRP remains plausible in the long run. That $10 target was also pushed by pseudonymous analyst Celal Kucuker, who set a broad timeframe for the milestone between December 2025 and February 2027. If XRP were to hit $10 from current levels, it would represent roughly a 1,000% rally—underscoring why such calls trigger spirited debate across the crypto community. Bottom line: short-term traders are braced for more volatility and downside risk, while some analysts and investors continue to hold on to large long-term upside scenarios. The timing and path to any new all-time highs remain hotly contested. Read more AI-generated news on: undefined/news