- XRP rebounded to $2.20 as Bitcoin briefly hit $83K, but analysts warn of potential corrections.
- If BTC drops below $72K, a cascading effect could push XRP to $1.20 or even $0.90 in a flash crash.
- Experts suggest setting buy orders below $1 to capitalize on potential short-term price dips.
Edoardo Farina, founder of Alpha Lions Academy, highlighted Bitcoin’s influence on XRP’s price trajectory. If BTC fails to hold the critical $72K support level, it could drop toward the $50K range, potentially triggering a sharp XRP decline.
Analysts warn that XRP could plummet as low as $1.20, marking a 45% drop from current levels. Some projections suggest a flash crash to $0.90, but this downturn is expected to be short-lived.
Bitcoin currently holds near the 61.80% Fibonacci level, which signals a potential reversal. If BTC retraces to $75K, aligning with the 50.0% Fibonacci level, XRP could face a steeper correction. While the probability of this worst-case scenario is estimated at 20%, Farina advises investors to prepare for sudden volatility.
Set Strategic XRP Buy Orders Below $1
Despite the bearish outlook, Farina remains confident that XRP will not fall below the $1.20 support level for an extended period. He recommends placing buy orders below $1 to take advantage of a potential short-term dip. According to his analysis, if such a crash occurs, the coin will likely bounce back above $2 quickly.
Beyond Bitcoin’s influence, chart analysts have identified a bearish head-and-shoulders pattern on XRP’s price chart, indicating a potential correction before XRP can reach new highs. While the overall market remains uncertain, XRP’s resilience and investor positioning will determine its future price movements.
