Zach Rector Calls $1 XRP Double Bottom

Crypto commentator Zach Rector has suggested that XRP may be approaching a critical technical formation near the $1 level, outlining his expectation of a potential double bottom pattern as the current bear market phase concludes.

In a recent tweet captioned “$1 XRP Double Bottom,” Rector attached a video explaining his outlook and the strategy he is personally implementing.

At the start of the video, Rector addressed the possibility of XRP revisiting the $1 mark. He stated that he believes the asset is likely to come close to that level.

While he acknowledged uncertainty regarding the exact bottom, he expressed the view that XRP is likely to form a double bottom structure before the bear market ends. According to him, this pattern would signal a potential technical conclusion to the ongoing downward trend.

Rector referenced the XRP decline to $1.11 the previous week. He explained that the range he anticipates XRP revisiting lies between $1.20 and approximately $0.90. Although he did not definitively state that the price would fall below $1, he indicated that a move into that broader range remains plausible based on his analysis.

Dismisses Deeper Decline Predictions

During the video, Rector addressed more bearish forecasts circulating within the market. He noted that some market participants are predicting declines to $0.80, $0.50, or even $0.25.

He explicitly rejected those projections, stating that he does not believe there is a realistic chance of XRP returning to $0.25. While he conceded that he could be wrong, he maintained confidence in his assessment that such extreme downside targets are unlikely.

In addition to outlining his technical expectations, Rector disclosed his own trading approach. He revealed that he is positioning himself ahead of the $1 level by placing a buy order slightly above that price.

He described this as “front running a dollar,” clarifying that he intends to purchase spot XRP if price action reaches that zone. According to Rector, this would mark the first time in several years that he is buying spot XRP directly.

Beyond his individual strategy, Rector also referenced conversations he claims to be having privately. He stated that current price levels are encouraging long-term XRP holders, whom he described as “OGs,” to restart accumulation. In his view, the range between $1.20 and $0.90 is drawing renewed interest from experienced participants who are adding to their positions.

Overall, Rector’s commentary presents a defined near-term outlook centered on a potential double bottom near $1. While he acknowledged uncertainty regarding the precise low, he made clear that he views the current range as a significant technical zone and has aligned his own capital accordingly.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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