Analyst warns XRP drops to $0.80 if Bitcoin retests $60,000
Analyst maps XRP downside if BTC retests $60k
XRP trades near $1.30 as markets pause and Bitcoin holds above $67,000. Analyst Sam Daodu warns XRP could fall hard if BTC revisits $60,000 source.
He says XRP amplifies BTC moves. This year, downside tracked roughly 1.8x BTC declines source.
Key XRP levels
- $1.28 as near-term floor, with 443m XRP accumulated by dip buyers source
- $1.11 next support, February low source
- $1.00 as notable cushion below $1.11 source
- $0.82 as deeper support cluster, implying near 40% downside from current levels if reached source
He expects a quick slide to $1.11 if $1.28 breaks, with thin bids toward $1.00 and below source.
What could pull BTC to $60k
- $60,000 is the cycle’s key BTC support, per Daodu. He cites the conflict in Iran and oil above $100 as pressure points. “As long as oil stays above $100 and the war keeps escalating, Bitcoin stays under pressure” source.
What could help decouple XRP
- Passage of the CLARITY Act, enabling institutional settlement use cases source.
- Renewed inflows into spot crypto ETFs, adding steady buy pressure source.
At writing, XRP trades at $1.32, down 8% on the week CoinGecko data.
