XRP has been hovering in the mid-$1 range, specifically between $1.38 and $1.46 over the past 24 hours. While it shows some stability compared to last week's downturn, opinions among traders and analysts remain mixed. Some expect a further decline, while others are eyeing a potential rebound.

The conversation on various social media platforms has sparked considerable debate. Many in the XRP community are optimistic, anticipating a surge to double digits, particularly the much-discussed $10 mark. However, crypto analyst Crypto Patel offers a more cautious perspective, warning that the road to $10 may not be straightforward and could be punctuated by another drop to $1.

Recent price movements, especially the crash earlier in February, illustrate a lack of the market-wide sentiment necessary for XRP to achieve $10 anytime soon. Patel emphasizes that the optimism may be premature. The analyst poses a critical question: will XRP shoot straight to $10, or will it first revisit the $1 mark?

Insight into this question can be gleaned from the monthly candlestick chart. It suggests a higher likelihood that XRP will dip back to the $1 level before any serious push toward $10. At present, XRP trades approximately 60% below its peak from July 2025, and the chart reveals significant resistance levels above current prices, along with a clearly defined accumulation zone below.

While a repeat of the dramatic 96% plunge from $3.28 to $0.105 seen in 2018 is deemed unlikely, the possibility of a controlled retreat beneath $1 remains a concern. According to Patel, the $0.70 to $0.50 range presents an attractive long-term accumulation area should prices fall below $1.

The analyst advises investors to exercise patience rather than succumbing to the fear of missing out (FOMO) at local highs. He suggests this could be a risky strategy given the current market conditions. The ideal buying opportunity, he argues, lies between $0.70 and $0.50, although the $1 level is also a viable entry point, especially for smaller positions.

As it stands, XRP is valued at $1.42. A decisive upward movement, particularly a weekly close above $1.50, could shift market sentiment back to a more positive outlook. Investors are left to ponder not just the potential for gains but also the risks involved in chasing price movements without a solid strategy.