February 12 News, analyst Zach Rector explained the logic behind setting a $7 target price for XRP by comparing its historical bull cycle with that of silver. He pointed out that the current market structure of XRP is highly similar to the breakout phase of silver before years of upward movement and believes that the token is approaching the end of a deep correction.
Rector emphasized that $7 is not an arbitrary price target but a central goal derived from historical symmetry. He cited that after silver broke below $20 in September 2022 and touched a low of $17, it experienced a strong rebound of nearly 600%, eventually breaking through $120 in 2026. Mapping this rhythm onto XRP, a 500% to 600% increase from around $1 would naturally point to the $7 range, which aligns with his proposed potential zone of $5 to $10.
In terms of price action, XRP briefly dipped to $1.11 last Monday, hitting a new low for 2024, then rebounded over 30%, now around $1.43, but still about 70% below its all-time high. Rector believes that such a correction often signifies a market reset in previous cycles and lays the groundwork for the next rally.
This view also references research from Waters Above Crypto, which found that silver took about three and a half years to build momentum from its lows to highs. Rector suggests that crypto assets typically move faster, and XRP could complete a similar structure in a shorter period. Both charts show patterns of double tops, significant retracements, long periods of sideways movement, followed by accelerated upward trends.
Beyond technical structure, $7 is also seen as an important psychological level, roughly double XRP’s previous high of $3.66. Rector stated that as the price approaches double digits, profit-taking pressure may increase, making $7 a useful reference point for the phase. While future movements remain uncertain, he believes that the current risk-reward ratio favors an upward trajectory.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
XRP ETFs Record $1.4 Billion Inflows Despite Market Volatility
Exchange-traded funds (ETFs) tracking the cryptocurrency XRP have attracted approximately $1.4 billion in cumulative inflows since their launch, according to recent data from analysts at Bloomberg Intelligence. The figures suggest sustained investor interest in XRP-based investment products
CryptoBreaking34m ago
$0 XRP ETF Netflow Might Be Positive for Price Rebound - U.Today
XRP ETFs reported $0 netflow in 24 hours, indicating a halt in intensive institutional sell-offs after three days. This stability suggests potential accumulation and a price rebound, despite recent stagnation between $1.37 and $1.41.
UToday50m ago
Ripple Set to Buy Back $750M in Shares Despite XRP Price Decline
Ripple plans to buy back up to $750 million in shares from investors and employees by the end of next month, insiders have revealed.
The buybacks would value the company at $50 billion, and come six months after a similar plan to buy back $1 billion in shares from employees failed.
Ripple
CryptoNewsFlash1h ago
Unaffected by Crypto Market Downturn! Ripple Spends $750 Million on Stock Buyback, Company Valuation Soars to $50 Billion
Ripple launched a stock buyback program, driving valuations to $5 billion, solidifying its position at the forefront of the cryptocurrency industry. The buyback will repurchase up to $750 million in stock through a tender offer. The company is actively expanding its business, evolving from a cross-border settlement tool to comprehensive digital asset infrastructure, while attracting multiple top-tier institutional investors.
区块客1h ago
Ripple President Says RLUSD Could Overtake USDC: How This Could Impact XRP
Stablecoins have become one of the fastest growing sectors in the crypto industry. The conversation intensified recently after a new statement from Ripple leadership. Ripple president Monica Long made a bold remark about the future of the company’s stablecoin during an event in
CaptainAltcoin2h ago
