XRP’s rebound story that dominated headlines in 2024 has cooled—but the narrative is far from over.
After the long-running court battle with the U.S. Securities and Exchange Commission wrapped up in 2024, XRP staged a dramatic recovery, climbing toward its all-time high near $3.8. That surge, however, ran into resistance: over the past year the token has been on a downtrend, sliding toward the $1 mark—a drop of more than 60% from its 2024 peak.
Perspective matters. Crypto analyst Crypto Patel highlighted on X (formerly Twitter) how investor expectations have shifted. In 2017, when XRP traded around $0.003, $1 felt aspirational. Today, $1 is the level many mourn—yet it still represents an extraordinary gain from those early lows. Patel notes the current price reflects roughly a 37,000% rally from XRP’s cheapest moments, underscoring how far the market has come even amid recent losses.
Where to buy next? Patel identifies a clear accumulation range:
- Primary accumulation level: $1 (about a 10% downside from the price at the time of his commentary).
- Deeper bargain zone: down to $0.60.
He suggests the bottom is likely to form somewhere between $0.60 and $1, and sees those levels as the best opportunities to add to positions.
Long-term outlook: despite near-term weakness, bullish calls persist. Some market watchers still project prices north of $10 over a longer horizon, and Patel maintains that the “$10 play” hasn’t been invalidated—it’s a matter of time and patience rather than a dead thesis.
Bottom line: XRP’s post-SEC rally peaked, then cooled into a significant pullback, but veteran bulls point out the massive gains from historical lows and are watching the $0.60–$1 band as a potential re-entry zone. As always, investors should weigh risk, timeframe, and their own research before acting.
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