XRP Price at $3 Faces Breakdown Risk if Bitcoin Plunges
XRP price prediction shows consolidation around the $3 mark amid mounting pressure from Bitcoin’s recent slump. After BTC dipped below $109,000, economist Peter Schiff warned of a deeper correction toward $75,000. U.S. political uncertainty surrounding the Federal Reserve’s independence and a potential September rate cut adds further volatility. Technically, XRP is trapped between support at $2.80–$3.00 and resistance around the $3.08 mid Bollinger band and $3.33–$3.35 Fibonacci pivot. A decisive breakdown below $3 could trigger a drop toward $2.50, while a Bitcoin-led rebound above $100,000 might allow XRP to retest $3.80 and challenge the $4 level. Traders should watch Bitcoin’s support levels and Fed policy cues closely to anticipate XRP’s next breakout or breakdown. The current setup suggests caution in short-term trades until clearer market direction emerges.
Bearish
XRP’s short-term trajectory is tightly linked to Bitcoin’s performance. If Bitcoin falls toward $75,000 as Peter Schiff predicts, market confidence could erode, dragging altcoins like XRP below key support levels. Currently, XRP sits just above the $3 line; failure of Bitcoin to hold $100,000 would likely trigger a breakdown toward $2.50. Historical precedents show that sharp Bitcoin corrections often cascade through the broader crypto market, leading to technical breakdowns in altcoins. Given the looming macro uncertainties—Federal Reserve policy debates and political risks—XRP traders face heightened downside risk in the near term, warranting a bearish stance until Bitcoin stabilizes above critical thresholds.