Crypto Analyst Predicts How Low The XRP Price Will Go Before Bouncing

XRP’s price action in recent days has led to speculations among crypto traders over whether it could fall below the $2 support zone and how deep any pullback might go before a bottom is established.  Popular XRP analyst Zach Rector addressed this concern shared by many market participants during an interview on the Paul Barron Podcast as to how low XRP could realistically fall before buyers step in and whether a return to the $1 level is still possible under current conditions. Zach Rector Says $1 XRP Is Virtually Impossible Inflows into Spot XRP ETFs have been largely offset by selling pressure on centralized exchanges, keeping the cryptocurrency range-bound just above $2 even as long-term demand builds in the background. This range-bound trading has left the cryptocurrency at risk of losing $2 and breaking further downwards. The question now is whether this downward risk can cause the XRP price to return to $1.  Related Reading: XRP Mirrors 2016 Trend That Led To 69% Crash Before 110,000% Rally Addressing the question from Paul Barron directly, Zach Rector stated that an XRP price move back to $1 is effectively off the table under normal market conditions. He presented such a scenario as something that would only occur in the event of an extraordinary black swan. Current market structure, liquidity depth, and buyer behavior do not support the XRP price falling as low as that level. According to Rector, XRP’s order book on crypto exchanges is now populated by a large base of passive buyers with limit orders already positioned well above $1. He also used his own trade orders to illustrate why he believes XRP is forming a higher long-term floor.  He acknowledged entering an XRP long above $3.40 earlier in the year and confirmed that the position is still underwater. However, he explained that he has consistently dollar-cost averaged lower, bringing his average entry down to around $2.23. Keeping this in mind, Rector predicted a price low to watch out for before the XRP price bounces. Higher Lows Says Support Is Between $1.90 And $1.80 XRP’s price structure over the past year points to a market that is gradually building strength rather than breaking down. Rector pointed to XRP’s price chart on Coinbase, which shows the creation of a sequence of higher lows, with price bottoming near $1.60 in April, recovering to form a higher low around $1.77 on October 10, and then holding even higher at approximately $1.81 in November. Related Reading: Analyst Predicts XRP Price Will Rise To $14 By Frontrunning Bitcoin By Over 600% That pattern is why the $1.90 to $1.80 range is viewed as the most realistic downside zone if XRP breaks below $2 and selling pressure resumes. According to Rector, a dip below $1.90 could open the door for a brief test of $1.80, and this is as low as the XRP price might go before a bounce. Such a move would still fit within the broader higher-low structure that has defined XRP’s price action throughout the year. Featured image from Getty Images, chart from Tradingview.com

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