XRP (XRP) remains trapped in a narrow trading band between $1.30 and $1.50, and analyst Sam Daodu warns that the token's fate hinges almost entirely on Bitcoin (BTC), which currently shares a 0.84 correlation with the altcoin and has historically amplified its price swings by a factor of 1.8.
What Happened: XRP Tests Key Support
Daodu identified $1.30 as XRP's most heavily tested support level in 2026. Since February, the token has dipped into the low $1.30 range multiple times, with buyers consistently stepping in near $1.27 — a price point where on-chain data shows roughly 443 million XRP were accumulated.
That concentrated cost basis has created a defensive cushion.
Each time the market approaches that entry zone, holders have added to their positions, pushing XRP back above $1.30.
On the resistance side, the $1.50 level has capped upside attempts. Daodu noted that a breakout beyond either end of the range would require external catalysts rather than XRP-specific momentum.
Geopolitical risks are adding to the pressure. Rising tensions in the Middle East triggered risk-off sentiment across crypto markets in early Mar., and Daodu cautioned that a worsening situation could force investors to cut exposure to speculative assets like XRP first.
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Why It Matters: Bitcoin Holds the Key
The 0.84 correlation between XRP and BTC means a 10% Bitcoin decline could translate into an 18% drop for XRP, according to Daodu. If Bitcoin were to fall below $60,000 again, XRP would likely follow regardless of its own fundamentals or technical structure.
A sustained move above $1.50 would also depend on Bitcoin.
Historically, altcoins gain momentum when BTC advances decisively and draws fresh capital into the broader market — and Daodu sees XRP as no exception.
Between $1.58 and $1.60, a substantial supply zone awaits.
Approximately 2 billion XRP were purchased at those levels, leaving many holders underwater for months. Investors seeking to exit at breakeven could generate heavy selling pressure as the price approaches that range, making the $1.60 area a harder obstacle than $1.50 itself.
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