XRP has seen significant volatility recently, pulling back more than 60% from its all-time high of July. While many traders are anxious about the short-term fluctuations, one analyst is focusing on the bigger picture, suggesting the cryptocurrency might be approaching a bottom for another accumulation phase.

According to the analyst, XRP’s recent price action indicates it may be entering what he describes as an accumulation zone. The technical analysis he shared on social media suggests that XRP has corrected about 58% from its peak, landing it between the first accumulation zone of $1.50 and $1.30. This area is seen as a prime opportunity for gradual buying as the price stabilizes.

The analyst, known as Crypto Patel, emphasizes that the goal here isn’t to pinpoint an exact bottom but to build exposure over time. He believes that if XRP falls below $1.30, the next focus should shift to a secondary accumulation zone between $0.90 and $0.70. Even if XRP were to dip into that lower range, the bullish thesis would remain intact, presenting an attractive long-term accumulation opportunity for savvy investors.

Despite the current price struggles, Patel maintains a long-term price target of $10 for XRP. While this target might seem far-fetched given the current trading levels, he encourages potential buyers to be cautious. Rather than rushing to invest at $3 or $2, he suggests looking for better entry points around $1.50 to $1 during any hard dips.

To bolster his confidence in this outlook, Patel recalls a previous cycle where he identified an XRP setup around $0.50 during a bear market. That setup led to a remarkable rally to $3.66, providing gains of over 600%. This historical perspective adds weight to his current projections, even as XRP trades at $1.30—670% away from the ambitious $10 target.

The past 24 hours have been especially tumultuous for XRP, with the price crashing from an intraday high of $1.44 to a low of $1.14. As it currently sits at $1.30, traders are left wondering where the bottom truly lies.

While the market may be volatile, Patel’s analysis serves as a reminder that long-term strategies often yield the best results. For those willing to navigate the turbulence, the potential rewards could be substantial, especially if XRP eventually reaches that elusive $10 target.