XRP’s price action in recent days has led to speculation among crypto traders as to whether this is the case could fall under The $2 support zone and how deep any pullback could go before a bottom is reached.
Popular XRP analyst Zach Rector addressed this concern shared by many market participants during an interview on the Paul Barron Podcast on how low XRP could realistically fall before buyers intervene and whether a return to the $1 level is feasible. still possible under the current circumstances.
Zach Rector Says $1 XRP Is Virtually Impossible
The inflows into Spot XRP ETFs have been largely offset by selling pressure on centralized exchanges, keeping the cryptocurrency’s range just above $2 even as long-term demand increases in the background. This range-bound trade puts the cryptocurrency at risk of losing $2 and breaking further down. The question now is whether this downside risk can cause the XRP price to return to $1.
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Addressing the question of Paul Barron, Zach Rector, directly stated that an XRP price will go back to $1 is effectively off the table under normal market conditions. He presented such a scenario as something that would only happen in the case of an extraordinary black swan. The current market structure, liquidity depth, and buyer behavior do not support the XRP price falling as low as that level.
According to Rector, the XRP 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 trading orders to illustrate why he believes XRP represents a higher long-term bottom.
He acknowledged that he entered XRP well above $3.40 earlier this year and confirmed that the position is still underwater. However, he explained that average dollar costs have been consistently lower, dropping his average entry to about $2.23. With this in mind, Rector predicted a low price to watch for before the XRP price bounces.
Higher lows say 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 collapsing. Rector pointed to the price chart of
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That pattern is why the $1.90 to $1.80 range is seen as the most realistic downside zone if XRP drops below $2 and the selling pressure is increasing again. According to Rector, a dip below $1.90 could open the door for a short test of $1.80, and this is as low as the XRP price could go before a jump. Such a move would still fit within the broader upper-low structure that has defined XRP’s price action all year.
Featured image from Getty Images, chart from Tradingview.com