NewsBTC
Mar 6, 2026 upd. 12 Jun

Analyst warns XRP may break $1.30 if Bitcoin drops 10%

2 min

XRP reclaimed $1.40 this week but stays range-bound. Analysts flag $1.30 support stress and $1.50 as the ceiling.

Analyst Sam Daodu calls $1.30 the most tested support in 2026. Price has dipped into low $1.30s since February, with buyers stepping in before a breakdown MSN report. XRP is boxed between $1.30 support and $1.50 resistance, awaiting a catalyst source.

On-chain cost basis near $1.27 is key. Roughly 443 million XRP were accumulated there, creating bids as price approaches and pushing it back above $1.30 source.

Bitcoin is the swing factor. BTC correlation sits near 0.84, and XRP tends to amplify BTC’s moves by about 1.8x, Daodu notes source. A 10% BTC drop could mean roughly 18% for XRP; a break back below $60,000 would add downside risk for XRP, per the analysis and related coverage NewsBTC report.

Geopolitics adds fragility. Rising Middle East tensions sparked risk-off in early March, with potential further de-risking from altcoins if it worsens source.

Upside needs more than stability. Altcoins tend to gain when BTC advances decisively, pulling in fresh capital. A strong BTC leg could drive an XRP attempt at higher levels analysis.

Key levels to watch:

  • $1.30 floor, repeatedly defended since February source
  • $1.50 resistance, breakout needs a catalyst source, external catalysts
  • $1.58–$1.60 supply zone, about 2B XRP bought there; break-even sellers may cap rallies source, context
  • $1.27 on-chain cost basis with ~443M XRP, reinforcing bids near the floor source

XRP chart