Patrick L Riley, a Texas-based realtor and prominent XRP supporter, has suggested that if XRP’s price falls to $0.80, it could offer investors a significant buying opportunity. His remark comes as XRP trades near $1.04, showing a gradual approach to a crucial support level on the weekly chart.
XRP approaches key weekly support
Riley commented, “If $XRP drops to $0.80 it may well be the buy of a lifetime,” highlighting the $0.80 level as a key area to watch in a potential market downturn.
If $XRP drops to $0.80 it may well be the buy of a lifetime, according to Riley’s assessment, pinpointing the level as a candidate for major accumulation.
A chart accompanying Riley’s view shows XRP priced at $1.046, contained within a narrowing structure formed by a descending resistance trendline from the 2025 peak and a long-term ascending support line beginning in 2023.
The two trendlines are set to converge near December 2026, although future price evolution could affect the timing of this intersection. The ascending support holds particular importance, as a breakdown below this area could see XRP moving toward lower levels, including the $0.80 target.
This technical formation is closely monitored by market participants, as XRP’s next major move may be determined as it nears this convergence point.
$0.80 scenario sparks debate among XRP investors
Riley’s perspective generated considerable engagement within the XRP community, prompting further speculation on possible lower price levels and broader market conditions.
Jeff Beach responded that $0.40 could represent an even more attractive entry point if the market experiences a steeper correction, illustrating the range of expectations among investors.
Another contributor, Andreas, connected a potential drop to $0.80 to current network fundamentals. He pointed out that the XRP Ledger ecosystem now supports over $20 billion in monthly RLUSD volume and more than $640 million in tokenized real-world assets, highlighting a significant expansion compared to when XRP last traded around $0.80.
Andreas suggested that revisiting the $0.80 region would be an extreme undervaluation, given the network’s present state.
Mini dictionary: RLUSD (Ripple Liquidity USD) refers to a stablecoin issued on the XRP Ledger, designed to facilitate large-scale settlements and tokenized asset transactions in a secure, scalable way.
| Metric | Current Value | Value at $0.80 Last Seen |
|---|---|---|
| Monthly RLUSD Volume | Over $20 billion | Below $2 billion |
| Tokenized Real-World Assets | Over $640 million | Minimal |
Other community members held more cautious or divergent opinions, illustrating the uncertainty around potential price targets for XRP’s next move.
Questions raised over XRP’s future role
Beyond price-focused analysis, traders questioned the longer-term relevance of XRP as technology develops. John argued that advances in artificial intelligence could enable banks to offer instant and cost-free domestic and international payments, challenging the need for XRP as a bridge currency.
John also questioned whether Ripple, the company supporting the XRP Ledger, had anticipated these technological shifts and if the digital asset could retain its utility in an evolving payments landscape.
Collin Robinson took issue with relying on historical chart patterns, noting that earlier XRP price cycles unfolded during periods of near-zero interest rates. He emphasized that current macroeconomic conditions may limit the usefulness of comparing present price action with previous cycles.
Meanwhile, some, like CrypticCarpenter, referenced highly optimistic long-term predictions, suggesting the present price already offers value for long-term holders.
As market participants weigh these diverse perspectives, XRP’s resilience above its weekly ascending support trendline remains a central technical factor to monitor in the coming weeks.
For now, Riley’s $0.80 scenario serves as a hypothetical reference point, not an explicit forecast. Ongoing reactions among investors underscore the uncertainty shaping XRP’s outlook as it approaches significant technical levels.
