Analyst: XRP could fall below $1 if Bitcoin corrects to ~$65.8k
Crypto analyst TARA warned that XRP could drop below the $1 psychological level if Bitcoin undergoes a near-term correction. TARA noted XRP’s strong correlation with Bitcoin and pointed to Fibonacci support and a liquidation gap as deeper support levels should BTC decline toward a projected short-term correction around $65.8k before pushing back up to $75.4k. TARA still retains a constructive long-term view on XRP, with macro targets in the single digits. Another analyst, CasiTrades, said XRP appears to be in a Wave 4 relief bounce; failure to hold a key retracement would open a final wave down to significantly lower levels, while those lower levels could present attractive long-term buying opportunities due to probable bullish divergence. At the time of reporting, XRP was trading lower for the day. Primary keywords: XRP, Bitcoin, BTC correction, Fibonacci support. Secondary/semantic keywords: Wave 4, retracement, liquidation gap, long-term buy zone, crypto trading.
Bearish
The news raises short-term downside risk for XRP because two technical analysts link XRP’s trajectory to a potential BTC correction. TARA’s model projects a BTC pullback to around $65.8k, which would likely drag correlated altcoins including XRP down toward lower Fibonacci and liquidation-gap supports — potentially below $1. CasiTrades highlights that failure to hold a key retracement could trigger a final wave down, though that scenario may create longer-term buying opportunities due to probable bullish divergences. Historically, sharp BTC corrections (e.g., 2018, March 2020, May 2021) have precipitated outsized losses in correlated large-cap altcoins before recoveries. Therefore, for traders the immediate implication is increased risk and potential short positions or tightened stops on XRP; opportunities may arise to accumulate at deeper technical supports if macro conviction remains. In the long term, both analysts keep bullish macro targets, so the move is likely a correction rather than a regime change — short-term bearish but neutral-to-bullish over a multi-month to multi-year horizon if BTC resumes uptrend.