XRP Price Action at $1 Could Trigger Major Move

According to crypto commentator Zach Rector, XRP's next major move could be determined by its price action around the $1 region. He believes this level is crucial and that volatility will increase as traders return to the market with growing leverage.

Rector pointed out that open interest has started to rise, setting the stage for a stronger price move. However, he also noted that XRP could experience one final decline before reversing, with $0.90 representing a key level to watch.

He has already placed buy orders around $0.96 and $0.92 on different platforms while continuing to dollar-cost average from higher levels. Rector emphasized the importance of rising open interest and increasing short positions, which he believes will lead to significant volatility.