XRP Price Nears a Reset Point as Analysts Eye $8.50 Path Ahead

Key Insights:

• XRP price is holding the $1.30 to $1.35 zone, with traders looking for a reset.
• A monthly chart points to $3 first, then $5 to $8.50 if support remains firm.
• Critics continue to question the growth of the XRP supply, while bulls claim the coin is undervalued.

XRP price is trading near a key support zone, as bullish and bearish views continue to clash. A fresh debate has erupted after claims that the token is being sold well below its long-term value. At the same time, a monthly chart set up is attracting attention to whether XRP price is resetting for another big move.

XRP Price Lies in Key Reset Zone

A chart shared by Diana on X frames XRP price near $1.35 as a high, suggesting a high-timeframe reset rather than a collapse. Her monthly view showed the overall trend structure to be still constructive despite the recent decline. Because of that, the $1.30 to $1.35 area is an important area of support.

The chart shows momentum cooling following a strong advance, but it also suggests the selling impulse could be losing force. In addition, near this stage, price compression often takes the form of a setup that often leads to a decisive move.

Diana’s setup also leaves a possible reclaim path if this support region holds. In that case, the first upside objective would be a move back towards $3. After that, a stronger cycle extension could push prices into the $5 to $8.50 range shown on the chart.

However, the risk side does not disappear either. If XRP price decisively breaks this support, the chart suggests it could require a deeper market reset for broader continuation to develop. So, the structure remains structurally sound only when the current support area remains intact.

First Ledger’s $10 XRP Claim Deepens The Valuation Debate

Notably, that technical setup came over to First Ledger, arguing on X as traders are selling what it considers a “$10 coin” for around $1.34. The claim suggested that XRP price is highly undervalued at current levels. It also sparked another debate over the token’s fair value.

At press time, the XRP price was trading around $1.39, up 3.87% over the past 24 hours. Even so, the larger trend is not as strong as the move of the day implies. Over the last two months, the price of XRP has dropped approximately 35%, and it is currently still more than 60% below its 2025 peak of $3.66.

That gap between current price and previous highs goes some way toward explaining the divergence in sentiment. Some market participants agreed that XRP is priced too low relative to its long-term potential. One user, Justin Dudley even suggested the token could be worth more than $10, to which First Ledger replied that its own estimate was modest.

Tokenomics Criticism and Bearish Views Keep Pressure on the Narrative

However, the most severe criticism focused on XRP’s tokenomics and supply growth. One user, @bingo_smalls, contended that XRP has been trading for over 12 years now and has yet to break above $4 in a sustained manner, and that it never will. From that perspective, the market’s long history undermines the argument for aggressive price objectives.

The same criticism was also aimed at the circulating supply. According to that argument, the supply of XRP in circulation increased from 43 billion tokens in 2019 to 61 billion in 2026. In the critic’s view, supply expansion dilutes prices and limits the impact of bullish catalysts such as spot ETFs or the Clarity Act.

That is still one of the central issues in the XRP debate. Supporters are concerned with long-term utility, a more restrictive supply that can be traded, and an opportunity for renewed demand. Critics are focused on structural dilution and the token’s long history of failing to decisively break into a higher price range.

Even so, XRP’s long-term performance is not entirely fixed by the recent ceiling. The token once traded as low as $0.0028. Relative to current levels, that is still a very large historical gain, even though the XRP price has been trading below its $3.84 peak for over 8 years now.

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