XRP Price Plummets if Bitcoin Drops Below $60k

XRP's price is hovering just above $1 as it faces its final line of defense before plummeting to potentially as low as $0.80.

The token has spent two months grinding sideways against the $1 level, which means a significant amount of leverage has been built directly on top of it.

According to technical analysis, if Bitcoin breaks below $60,000, XRP will likely lose its current price and drop to around $0.90 or $0.80.

This is not just a prediction; the chart shows that every single level above $1 has been rejected as support on the way down.

XRP's weekly RSI has fallen to 31.02, which is nearly oversold, but it does not automatically mean a reversal is due.