XRP's Double Bottom Pattern Points to $1 Retest Opportunity, Analyst Suggests

Currently trading at $1.37 with a 3.16% daily gain, XRP stands at a critical juncture where technical formations could dictate the next major move. Market analyst Zach Rector believes a double bottom pattern is taking shape, and this setup may provide long-term buyers with an attractive entry zone around the $1 psychological level before the broader correction concludes.

Reading the Double Bottom: Why $1 Matters for XRP

The double bottom pattern represents a classic reversal formation where an asset tests a support level twice before rebounding. In XRP’s case, the coin recently dipped to $1.11 and signals a potential retreat toward that zone again, according to Rector’s analysis. The most probable retest range sits between $1.20 and $0.90, with the psychological $1 mark serving as the key anchor point.

While some market participants have speculated about more severe pullbacks—potentially reaching $0.80, $0.50, or even $0.25—Rector takes a more measured stance. He acknowledges that predicting exact bottoms remains impossible, yet argues there is no realistic path to those significantly lower levels under current market conditions. Instead, he expects XRP to form a double bottom near the $1 level, completing a natural consolidation pattern before the next uptrend emerges.

This formation type has historical precedent across multiple assets. When a double bottom successfully completes, it typically signals exhaustion of selling pressure and attracts fresh buying interest from both retail and institutional participants seeking value near round-number support zones.

Analyst’s Entry Strategy Around the Psychological Level

Rector has shared insight into his personal positioning, revealing that he places buy orders slightly above the $1 mark rather than waiting for an exact bottom touch. This approach reflects a common market dynamic: major psychological levels often trigger immediate reversals before reaching them precisely, causing traders who wait too long to miss the move entirely.

His decision to accumulate spot XRP at these levels marks the first time in several years he has purchased at such depressed price points. By positioning above the critical $1 zone, Rector aims to participate in the anticipated rebound while maintaining a margin of safety. This strategy resonates particularly strongly with long-time XRP holders, commonly referred to as “OGs” in the community.

These early adopters and institutional investors view current price levels as a significant opportunity to add positions before the next major bull phase takes hold. Private discussions among these groups suggest renewed momentum to stack XRP at discount prices, signaling that demand may be building beneath the surface even as prices remain pressured.

From $1 to $7: Drawing Parallels with Silver’s Historic Breakout

Beyond near-term technicals, Rector projects a $7 target for XRP, a claim grounded in historical comparisons with precious metals. He draws an analogy to silver’s 2022 price action, when the metal dipped below $20 before embarking on a 600% rally in subsequent years. Rector envisions a similar recovery trajectory for XRP, with a potential 500–600% move from the $1 level positioning the asset comfortably within his $5–$10 bull-case range.

This long-term target may seem ambitious given XRP’s current 70% discount to its all-time high of $3.65, yet it rests on the assumption that market cycles for digital assets follow recognizable patterns similar to traditional commodities. If the double bottom pattern confirms and technical momentum rebuilds, early accumulation near $1 could prove pivotal for investors seeking exposure to the next major appreciation cycle.

The path from current levels to potential $7 targets hinges on the double bottom holding firm and XRP establishing fresh higher lows in subsequent weeks. Until that technical picture becomes clearer, the $1–$1.20 zone remains the decisive zone for both bulls and bears in the XRP market.