XRP has captured the spotlight in the cryptocurrency market due to recent volatile price swings. Prominent analysts like Zach Rector have highlighted the relevance of XRP’s movements focusing on technical analyses and macroeconomic factors affecting its value.
The Significance of the Third Backtest
Zach Rector pointed out similarities to the 2017-2018 bull run where XRP hovered around the $2 mark three times before reaching its all-time high. He believes current movements might form the final retest before a major upward swing. This form of technical analysis aligns with the Wyckoff accumulation theory, suggesting that a market base might be forming prior to a significant move.
The Role of Market Reactions and External Factors
Rector refers to macroeconomic factors such as tariffs. He observes that the market is currently overreacting to economic news, leading to temporary downward pressure on assets like XRP. Historically, such reactions correct quickly, often leading to a significant price jump as market sentiment stabilizes.
What Could Propel XRP to New Highs?
Beyond technical patterns, several fundamental factors support the case for XRP’s long-term bullish trajectory:
- Institutional adoption and use of XRP in cross-border payments through Ripple’s partnerships with banks and payment providers.
- Regulatory clarity following the resolution of Ripple’s legal issues with the SEC could offer broader institutional participation.
- General crypto market trends — a new bull cycle could give XRP the momentum it needs.
- Increased liquidity and on-chain activity — these often precede major price moves.
While no price prediction can be guaranteed, Zach Rector’s analysis presents a compelling case for XRP’s potential rally. The combination of historical price behavior, market structure, and external catalysts suggests XRP might break above the $3 mark again soon.
