XRP Won't Hit 50 Cents Again, Analyst Warns
Crypto analyst Zach Rector believes XRP will not revisit its previous low of $0.50 during this market cycle.
Rector, a long-time XRP bull, argues that the digital asset is already in the final innings of its bear market and has increased his own long position near the $1.05 level.
According to Rector, the 75% retracement from XRP's all-time high would place it around $0.90, but he expects this move to be fleeting and consistent with a final capitulation wick.
Rector has maintained a consistently bullish posture on XRP through multiple market cycles, even during periods when sentiment has deteriorated sharply.