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XRP Faces High Risk Of Breakdown Below $1.30, Expert Flags Bitcoin As Main Threat
newsbtc35d ago

XRP Faces High Risk Of Breakdown Below $1.30, Expert Flags Bitcoin As Main Threat

XRP has climbed back above the $1.40 mark this week, a level that previously acted as resistance, but analysts warn that the rally does not eliminate the risk of a deeper pullback. The cryptocurrency’s most critical support zone at $1.30 remains under pressure, and broader market forces—particularly Bitcoin’s (BTC) price action—could determine what happens next. XRP Locked Between $1.30 Support And $1.50 Resistance In a recent report, analyst Sam Daodu described $1.30 as the most heavily tested support level for XRP so far in 2026. Since February, the token has repeatedly slipped into the low $1.30 range, only to find buyers stepping in before a decisive breakdown could occur. Related Reading: Bitcoin Tops $73,000, Expert Explains Why The Rally Isn’t Over Yet According to Daodu, a key reason XRP has continued to defend this area is that it is slightly lower, around $1.27. On-chain cost basis data indicates that roughly 443 million XRP were accumulated at that price level. As the market approaches this entry point, many of these holders have added to their positions, creating buying pressure that has consistently pushed the price back above $1.30. For now, Daodu sees XRP trading within a clearly defined range, with $1.30 acting as the floor and $1.50 serving as resistance. The analyst said a meaningful shift in trend would require a breakout beyond one of those levels, and the direction of that move will likely depend on external catalysts. Bitcoin And Middle East Tensions As Key Threats Bitcoin stands out as the most significant variable. XRP and BTC are currently moving in close alignment, with a reported correlation of 0.84. Historically, XRP has tended to magnify Bitcoin’s price swings by roughly 1.8 times. In practical terms, that means a 10% decline in Bitcoin could translate into an 18% drop for XRP. Daodu cautions that if Bitcoin were to fall below $60,000 again, XRP would likely follow, regardless of the token’s individual fundamentals or technical structure. Geopolitical factors are also contributing to market fragility. Rising tensions in the Middle East have already sparked risk-off sentiment across the crypto market in early March. Should the situation worsen, Daodu said investors could reduce exposure to more speculative assets first, placing additional pressure on altcoins such as XRP. BTC As The Key To Break $1.50? On the upside, a sustained breakout above $1.50 would likely require more than just stability in Bitcoin. Historically, altcoins gain momentum when Bitcoin advances decisively, drawing fresh capital into the broader market. Daodu posits that XRP is no exception; a strong upward move in BTC could provide the tailwind needed for the altcoin to attempt surpass higher resistance levels. Related Reading: Crypto Treasury Inflows Slide To October 2024 Levels—What Happened? Between $1.58 and $1.60 lies a substantial supply zone. Approximately 2 billion XRP were purchased at those levels, leaving many holders underwater for months. As the price approaches that range, investors seeking to exit at breakeven could generate heavy selling pressure, the analyst reported. Clearing $1.50 would signal renewed strength, but absorbing supply closer to $1.60 may prove to be the more difficult challenge. At the time of writing, XRP was trading at $1.41, marking a 3% loss over the previous 24 hours. Featured image from OpenArt, chart from TradingView.com

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Editorial: Tax the rich
timesargus35d ago

Editorial: Tax the rich

During his State of the Union address last week, President Donald Trump touted affordability and a healthy economy, pointing to falling inflation, job growth, tax cuts and stock market gains as evidence that the economy “is roaring like never before”...

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Best Crypto Presale 2026: Pepeto Beats DeepSnitch AI and BlockDAG as Trump Sides With Crypto in Trillion Dollar Stablecoin Battle
coinpedia35d ago

Best Crypto Presale 2026: Pepeto Beats DeepSnitch AI and BlockDAG as Trump Sides With Crypto in Trillion Dollar Stablecoin Battle

The post Best Crypto Presale 2026: Pepeto Beats DeepSnitch AI and BlockDAG as Trump Sides With Crypto in Trillion Dollar Stablecoin Battle appeared first on Coinpedia Fintech NewsPresident Trump just sided with the crypto industry against America’s biggest banks in a trillion dollar fight over stablecoin yields, Coinbase surged 15% on the news, and when the president of the United States publicly tells JPMorgan and Bank of America to make a deal with the crypto sector. It means the regulatory tailwind is ...

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