Analyst Wans XRP Price Could Crash Below $1 If Bitcoin Reaches This Level

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Crypto analyst TARA has predicted that the XRP price could still crash below the psychological $1 level. This came as she drew the altcoin’s correlation to Bitcoin’s price action, while highlighting how a BTC crash could also push XRP to as low as $0.87. XRP Price Could Drop To $0.87 If Bitcoin’s Crash Deepens In an X post , TARA stated that a Bitcoin crash to $52,200 would bring the XRP price down to its .786 support at $0.87. She noted that this level is also the .618 extension and the gap that was left by the October 10 liquidation event . The analyst made these comments while noting what she was watching for on XRP during this market downtrend. Related Reading Analyst Wans XRP Price Could Crash Below $1 If Bitcoin Reaches This Level 1 minute ago TARA also mentioned that the XRP price has reached its textbook .382 resistance at $1.53, but that the waves on Bitcoin appear incomplete. She predicted that XRP could suffer another leg down in the short term as she expects a short-term correction for BTC to $65,800 before it makes another push up to the .5 resistance level at $75,400. Source: Chart from TARA on X The analyst stated that this projected Bitcoin crash to $65,800 could bring the XRP price down to $1.30 as a short-term support, with another wave up expected as high as the .5 resistance at $1.65. Meanwhile, TARA remains bullish on XRP in the long term, noting that the macro Wave 3 targets remain $7 to $9. She also noted that XRP could have bottomed around this current range, but BTC continues to largely drive price action for the altcoin and the broader crypto market, which is why it can still drop further. Two Potential Scenarios For XRP Crypto analyst CasiTrades stated in an X post that the XRP price is currently in a Wave 4 relief that could send it towards the .5 retracement and macro .618 near $1.65, a level she described as critical. She warned that if XRP fails to flip $1.65 into support, it would set up a clean final wave down targeting $1.09 or even $0.90. Related Reading What Happens Now That The XRP Price Has Revisited The October 10 Lows? 6 days ago CasiTrades further stated that this current relief bounce has reset the RSI enough that a move down to these levels would likely produce a bullish divergence , which makes them “exceptional long-term buy zones.” On the other hand, if the XRP price reclaims $1.65, she stated that it will be best to wait for confirmation of a back-test of support and then use that as an entry off strength. The analyst told investors that this is not a time to panic sell, as major lows have been reached, and that there is a chance the final wave down fails. At the time of writing, the XRP price is trading at around $1.38, down over 4% in the last 24 hours, according to data from CoinMarketCap. XRP trading at $1.36 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com