Usman Salis
⬤ XRP has been losing ground after pulling back from the $1.50 level, and the price action suggests there's more room to fall. The main driver here is weakness in the XRP/BTC pair, which typically influences how XRP moves against the dollar. Recent analysis points to a minimum downside target near $1.30.
⬤ The connection between XRP's Bitcoin pair and its dollar price is worth watching. When XRP/BTC trends lower, the USD pair usually follows. The recent drop fits this pattern, suggesting we're seeing continued downside rather than just a temporary pullback.
⬤ Right now, traders are watching those lower levels closely. The $1.30 area is the next key zone where price action could stabilize. The expectation is that the decline from $1.50 will continue toward this target.
⬤ This situation highlights how cross-pair performance drives sentiment across crypto markets. When relative strength weakens, it tends to pull broader market sentiment down with it. Until price finds support at a lower level, caution is likely to remain the dominant theme.
Usman Salis
