February 12 News, analyst Zach Rector explained the logic behind setting a $7 target price for XRP by comparing its historical bull cycle with that of silver. He pointed out that the current market structure of XRP is highly similar to the breakout phase of silver before years of upward movement and believes that the token is approaching the end of a deep correction.
Rector emphasized that $7 is not an arbitrary price target but a central goal derived from historical symmetry. He cited that after silver broke below $20 in September 2022 and touched a low of $17, it experienced a strong rebound of nearly 600%, eventually breaking through $120 in 2026. Mapping this rhythm onto XRP, a 500% to 600% increase from around $1 would naturally point to the $7 range, which aligns with his proposed potential zone of $5 to $10.
In terms of price action, XRP briefly dipped to $1.11 last Monday, hitting a new low for 2024, then rebounded over 30%, now around $1.43, but still about 70% below its all-time high. Rector believes that such a correction often signifies a market reset in previous cycles and lays the groundwork for the next rally.
This view also references research from Waters Above Crypto, which found that silver took about three and a half years to build momentum from its lows to highs. Rector suggests that crypto assets typically move faster, and XRP could complete a similar structure in a shorter period. Both charts show patterns of double tops, significant retracements, long periods of sideways movement, followed by accelerated upward trends.
Beyond technical structure, $7 is also seen as an important psychological level, roughly double XRP’s previous high of $3.66. Rector stated that as the price approaches double digits, profit-taking pressure may increase, making $7 a useful reference point for the phase. While future movements remain uncertain, he believes that the current risk-reward ratio favors an upward trajectory.
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