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 Trading Volume Drops by 50% as the Altcoin Records Six Consecutive Red Monthly Closes
XRP trading volume drops by 50%, feeding bearish expectations.
The altcoin records six consecutive red monthly closes.
Could this be the longest coil for XRP before the biggest launch?
The crypto community is disheartened to see the
CryptoNewsLand21m ago
XRP Long Liquidations Jump as Crypto Market Loses $285M
Key insights
XRP long traders lost $3.22 million in 24 hours, far exceeding short losses, as liquidation imbalance surged to 537% overall today.
Although XRP rose 0.37% to $1.31, traders expecting a stronger rebound toward $1.50 instead faced rapid liquidations across exchanges
CryptoNewsLand15h ago
What next as XRP rises to $1.33 but fails to break out
XRP is currently trading around $1.33, showing slight upward movement but lacking a breakout. Volume is up, indicating potential positioning rather than strong conviction. Key price levels to watch are $1.30 as support and $1.34-$1.35 as resistance, with XRP remaining range-bound in the meantime.
CoinDesk15h ago
XRP Eyes $1.50 Breakout as Price Holds Critical Range
XRP trades in a tight range, testing support near $1.33 and resistance $1.40–$1.42.
A breakout above $1.50 could signal bullish momentum toward $1.52–$1.60.
Breakdown below $1.27 may extend the current downtrend and increase selling pressure.
Ripple’s XRP continues to trade within a
CryptoNewsLand22h ago
