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$XRP is trading at $1.38, up 1.78% on the day, but one analyst believes the market may not be done correcting just yet.
According to market commentator Zach Rector, the current setup could present a potential “$1 opportunity” for long-term buyers. In a recent analysis, Rector outlined a scenario in which $XRP revisits the $1 region to complete a double bottom before the bear phase concludes.
Key Points
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Analyst Zach Rector sees a potential $1 $XRP buying opportunity as a double bottom pattern forms.
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Rector expects $XRP to retest $1–$1.20 before ending the bear phase, rejecting ultra-low price predictions.
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He is personally buying slightly above $1 to avoid missing a rebound near this key psychological level.
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Rector also projects a $7 $XRP target, comparing its potential rally to silver’s historic breakout cycle.
$XRP Double Bottom
Rector noted that $XRP’s price recently dropped to $1.11 and could be heading back toward that zone again. In his view, the most likely range for a final retest sits between $1.20 and $0.90.
While some market participants have predicted deeper pullbacks to $0.80, $0.50, or even $0.25, Rector disagrees with those projections.
He acknowledged that exact bottoms are impossible to predict, but said he does not see a realistic path toward those significantly lower targets under current conditions. Instead, he believes $XRP is more likely to form a double bottom near the psychological $1 level.
“Front Running” the $1 Level
Rector also shared his personal strategy, noting that he is positioning slightly above $1 rather than waiting for an exact touch.
Specifically, he revealed that he has placed a buy order just above the $1 mark to accumulate spot $XRP. According to him, this would be the first time in a couple of years that he is purchasing spot $XRP at these levels.
The reasoning is to avoid missing the move entirely if the price reverses just before hitting $1, a common occurrence around major psychological levels.
OGs “Stacking Again”
Beyond technical patterns, Rector pointed to what he described as renewed interest from long-time $XRP holders. He said that in private discussions he is having, these lower price levels are drawing back early adopters. They see the current level as a major opportunity to buy $XRP low again before the next major rebound.
With $XRP currently trading well above the proposed retest zone at $1.38, the asset sits at a critical juncture. A move down toward $1 could test investor confidence, while holding above recent lows could challenge the double-bottom thesis.
$7 $XRP Target Using Silver Comparison
In an earlier analysis, Rector projected a $7 target for $XRP, drawing parallels with silver’s historic breakout cycle. He sees $XRP near the final phase of its bear market, similar to silver’s 2022 pullback below $20 before a 600% rally.
Rector bases the $7 target on a potential 500–600% move from $XRP’s $1 level, placing it within his $5–$10 bull range.
After dipping to $1.11 last week and rebounding to $1.43, $XRP remains roughly 70% below its all-time high. To some market watchers, this represents buying opportunities for the next major rally.