A crypto strategist known for making timely Bitcoin (BTC) and altcoin calls believes XRP is in a precarious spot as the coin struggles to stay above a key price level.
Pseudonymous analyst DonAlt tells his 640,100 followers on the social media platform X that XRP has lost its immediate support at $2.95 following Saturday’s marketwide sell-off.
According to the analyst, XRP needs to recover the critical area otherwise the altcoin will see more downside price action.
“At support right now. Would be nice if it bounced this weekend otherwise we might be in for some short-term pain.”
Looking at the trader’s chart, he seems to suggest that XRP might fall to $2.72 if it fails to reclaim $2.95 as support.
At time of writing, XRP is worth $2.93, down over 4% on the day.
As for Bitcoin, DonAlt says BTC appears to be holding strong despite President Donald Trump’s threats to impose hefty tariffs on foreign nations exporting their products to the US. According to the analyst, tariffs “are a pretty big deal” as they bring uncertainty into an already jittery crypto market.
“BTC moves down 1% and everything else in the market tanks.
BTC itself still looks fine but it’s obviously not great that we’re back to this support AGAIN.
Considering the economical nukes Trump is throwing around, I’m surprised BTC hasn’t tanked more.”
Based on the trader’s chart, he seems to predict that BTC will drop down to its support at $99,000 as it continues to respect resistance at $106,222.
At time of writing, BTC is worth $101,342.
Turning to layer-1 protocol Solana (SOL
Go to Source to See Full Article
Author: Henry Kanapi
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
