The cryptocurrency market remains highly volatile, with XRP capturing significant attention due to its recent price movements. XRP surpassed the $3 threshold before recently losing the $3 mark . Crypto analyst Zach Rector has weighed in on this development, suggesting that XRP’s current price action represents a pivotal moment before a rally to new all-time highs (ATHs). As of early February 2025, XRP has experienced market fluctuations, with intraday price swings ranging from $1.98 to $2.78. Recent volatility has been attributed to macroeconomic factors, particularly tariff-related market reactions that have momentarily suppressed price momentum. However, Rector believes this dip is a temporary overreaction and anticipates a strong recovery once market sentiment stabilizes. The Significance of the “Third Backtest” Rector referenced recent bull run in which XRP approached $2 three times before skyrocketing to its all-time high of $3.40. According to his interpretation, history could be repeating itself, with the current price action forming the final retest below $3 before an explosive move upward. This form of technical analysis (TA) aligns with the well-known Wyckoff accumulation cycle, which suggests that markets tend to establish a base before making a major move. If XRP is in the final accumulation phase, it could be poised for a breakout. The Role of Market Reactions and External Factors Another critical aspect of Rector’s thesis is his mention of macroeconomic factors, specifically tariffs. He notes that the market is currently experiencing an overreaction to tariff-related news, leading to temporary downward pressure on assets like XRP. Historically, such overreactions tend to correct swiftly, often triggering a massive bounce when market sentiment stabilizes. If this pattern holds, XRP could see a significant price recovery once the effects of tariffs and broader economic concerns settle down. What Could Propel XRP to New Highs? Beyond technical patterns, several fundamental factors support the case for XRP’s long-term bullish trajectory: Institutional Adoption and Utility: XRP continues to see increasing use in cross-border payments and institutional finance through Ripple’s partnerships with banks and payment providers. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Regulatory Clarity – The resolution of Ripple’s legal battle with the SEC will provide much-needed clarity, allowing for broader institutional participation. Broader Crypto Market Trends: If Bitcoin and Ethereum lead the market into another bull cycle, altcoins like XRP could follow suit, with historical trends suggesting that XRP tends to lag before making parabolic moves. On-Chain Metrics & Liquidity Growth – Increased liquidity and higher on-chain activity often precede major price movements, signaling growing investor interest in XRP. Is XRP Ready for a Breakout? While no price prediction is ever guaranteed, Zach Rector’s analysis presents a compelling case for XRP’s imminent rally. The combination of historical price behavior, market structure, and external catalysts suggests that XRP may be on the verge of breaking above $3 again. Investors should remain cautious, and consider risk management strategies. However, if history repeats itself, this could be the final opportunity to accumulate XRP at sub-$3 levels before it enters price discovery mode. 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 urged to do in-depth 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. Follow us on Twitter , Facebook , Telegram , and Google News The post Expert Says This Is the Third and Final Backtest Below $3 for XRP appeared first on Times Tabloid .
