XRP Price Alert: Expert Predicts $0.80 On Bitcoin's Potential Retreat To $60,000

The XRP price traded at around $1.30 on Monday as markets consolidated and Bitcoin (BTC) fought to hold above $67,000, but the calm belies meaningful downside risk if BTC revisits its key support at $60,000, according to market analyst Sam Daodu. Key Levels For XRP Price In his latest report, Daodu warns that XRP’s price action tends to amplify Bitcoin moves. He noted that this year the XRP price has behaved with roughly a 1.8-to-1 correlation to BTC’s declines. That means XRP is vulnerable to a steep retracement if BTC loses ground. Related Reading: XRP Nears Key Turning Point As Descending Wedge Tightens On XRP’s outlook, Daodu points to a sequence of support levels that could determine how far losses extend. The immediate floor is at about $1.28, where 443 million XRP have been accumulated by holders who have stepped in on dips. If that level breaks, buying interest thins, and the next material support is around $1.11 — the low seen in February. Beneath $1.11, Daodu identifies $1.00