$7 XRP Price Target Explained

Crypto commentator Zach Rector has outlined the reasoning behind his $7 XRP price target in a recent post on X, detailing how historical commodity market behavior informs his outlook.

In a short video, Rector states that the projection comes from comparing XRP’s current market structure to silver’s price movement following its final downturn in 2022.

According to Rector, September 2022 marked the last major pullback for silver before a sustained upward movement. He noted that silver fell below $20 at the time and reached approximately $17 before reversing direction.

Rector explained that after this decline, silver experienced what he characterized as a roughly 600 percent rally, eventually reaching $120. He presented this movement as the basis for measuring a potential trajectory for XRP under similar market conditions.

Rector said XRP is currently in what he considers a comparable “final pullback moment.” He referenced recent price action in which the asset approached the one-dollar level, noting that the market “got pretty close this Thursday.” He added that XRP appears to be near what he believes could be the bottom of the bear market cycle.

Accumulation Range and Bull Market Expectations

Continuing in the video, Rector emphasized that small price differences within the current range may not significantly matter in the long term if a larger upward move occurs. He stated that whether purchases occur around $1.20, $1.10, or closer to $0.90 to $1.00, the range could represent what he called an “incredible accumulation range” ahead of a projected bull market expansion.

Rector explained that applying a 600 percent increase from the $1 level leads to an estimated price of about $7. He positioned this figure within his previously stated broader target zone between $5 and $10.

The commentary centers on the idea that historical price cycles in other markets can offer reference points for evaluating potential future movements in digital assets. Rector’s explanation relies on the assumption that XRP may follow a growth pattern comparable in scale to silver’s post-2022 recovery if market conditions align with his expectations.

Community Response to Market Structure Claims

An X user, XRPreston, responded to Rector’s post by suggesting that traditional cryptocurrency bull-run patterns may no longer apply. The user wrote that pending legislation expected in the spring, the continued development of exchange-traded funds, and the launch of a decentralized exchange referenced by Rector could change how the market behaves.

XRPreston added that earlier bull markets were influenced by manipulation and expressed the view that future cycles could operate differently. The comment reflects a perspective that regulatory clarity and infrastructure development may influence price movements in ways that differ from previous cycles.

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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