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.\u00a0<\/p>\n
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.\u00a0<\/p>\n
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.<\/p>\n
Bitcoin And Middle East Tensions As Key Threats<\/h2>\n
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\u2019s price swings by roughly 1.8 times.\u00a0<\/p>\n
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\u2019s individual fundamentals or technical structure.<\/p>\n
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.\u00a0<\/p>\n
Should the situation worsen, Daodu said investors could reduce exposure to more speculative assets first, placing additional pressure on altcoins such as XRP.<\/p>\n
BTC As The Key To Break $1.50?<\/p>\n
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.\u00a0<\/p>\n
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.<\/p>\n
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.\u00a0<\/p>\n
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.<\/p>\n
<\/p>\n
At the time of writing, XRP was trading at $1.41, marking a 3% loss over the previous 24 hours.\u00a0<\/p>\n
Featured image from OpenArt, chart from TradingView.com\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
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.\u00a0 The cryptocurrency\u2019s most critical support zone at $1.30 remains under pressure, and broader market forces\u2014particularly Bitcoin\u2019s (BTC) price action\u2014could determine what happens next.…<\/p>\n","protected":false},"author":1,"featured_media":10366,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[361],"tags":[22,28,29,32,34,51,250,53,148,326,362,1001,363,152],"class_list":["post-10365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-price","tag-crypto","tag-crypto-market","tag-crypto-news","tag-xrp","tag-xrp-news","tag-xrp-price-analysis","tag-xrp-price-news","tag-xrp-price-prediction","tag-xrpusdt"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/10365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=10365"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/10365\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/10366"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=10365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=10365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=10365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}