XRP Holders May Have One Last Chance to Buy Below $1

Crypto commentator Zach Rector has issued a warning to XRP holders, suggesting that they may have one final opportunity to buy the digital asset below $1. According to historical market data compiled by ChartNerd, XRP has repeatedly struggled during August in U.S. midterm election years. In 2014, it declined by 5%, while in 2018 and 2022, it fell by 23% and 13% respectively. Rector applied this historical average to XRP's current price and suggested that the token could fall into the $0.88 to $0.90 range.

Rector emphasized that his outlook is based on historical performance data rather than personal opinion. He noted that several market participants have identified the anticipated price zone as a possible bottom if selling pressure continues through August. Rector has placed buy orders above this area and expressed optimism about accumulating more XRP if the asset revisits those levels.

However, not everyone agrees with Rector's analysis. ChartNerd provided additional historical context, highlighting that June has generally produced an average decline of around 22%, while July has historically delivered an average gain of about 15%. Another user, iaint buyinit, dismissed the chart-based outlook entirely, arguing that cryptocurrency markets do not follow stock market patterns.