The recent performance of XRP disappointed many investors who were expecting a strong appreciation following the launch of the new ETFs.
Instead, the asset began a moderate decline, leading cryptocurrency analyst Zach Rector to revise the expectations he had previously shared. His most recent publication reinforces that the current correction aligns with what he had predicted, even with the intensification of the decline in a broader market.
Rector's Analysis on the Pullback
Rector stated that XRP completed a decline of approximately 30%, surpassing the previously reported 20% drop since the launch of the ETFs. He noted that most of the movement was driven by the market but emphasized that the correction fit into the framework he had previously outlined. His focus was on preparation, suggesting that those who followed his analysis should not be surprised by the current price movements.
The chart he provided corroborates this view. In a daily chart, XRP has been moving steadily through various Fibonacci levels, including the zones of 0.618 and 0.702. The price is currently close to the range of $1.90, where a significant support level is observed at approximately $1.9011.
Below this, the chart highlights deeper extension levels, including the lines of 1.414, 1.618, and 1.786, reflecting the structured nature of the decline rather than an irregular collapse. A shaded projection box on the right describes the potential range of movement based on these levels.
Community responses
The Rector's comment section presented a series of reactions offering different interpretations of the decline. Moonbound and Beyond expressed dissatisfaction with XRP's failure to rise after the ETF launch.
Another commentator, Satoshi Wick, stated that the next round of ETF disclosures may lead to an additional decline, predicting a possible movement towards one dollar by the end of the following week.
A different perspective came from JP, who argued that the decline had no relation to a result of "selling after the news." According to JP, the decline was entirely the result of Bitcoin's strong correction, suggesting that the movement of XRP followed the market in general, rather than reacting independently to its own catalysts.
Main message from the dean
Rector concluded by reiterating that preparation was the central point of his previous analysis. His position is that market participants received clear expectations on how XRP could behave after the launch of the ETFs, and that the current structure reflects these conditions.
He encouraged followers to recognize that significant events do not always produce an immediate upward momentum and that understanding the broader market context remains essential.
Remember folks, that nothing said here represents a recommendation to buy, sell, or hold assets.
Thank you all!
$XRP
