Analyst Predicts XRP Price May Dip to $1.80 Before Bouncing

XRP's recent price action has led to speculation about it potentially falling below the $2 support zone.
Analyst Zach Rector suggests that a drop to $1 is unlikely under normal market conditions, barring extraordinary events.
Inflows into Spot XRP ETFs are being offset by selling pressure on exchanges, keeping XRP around $2.
Rector notes that XRP's order book shows a strong base of buyers with limit orders above $1, suggesting a higher long-term floor.
He highlights a sequence of higher lows in XRP’s price structure, indicating strengthening market conditions.
The $1.90 to $1.80 range is seen as the most realistic downside if XRP breaks below $2.

XRP