Analyst Warning: If Bitcoin enters a cyclical correction, XRP price may drop to $0.70

March 9 News: The cyclical fluctuations in the crypto market have once again become a focus for investors. Crypto analysis platform ChartNerd’s latest research indicates that if Bitcoin enters a cyclical correction phase, the XRP price could face further downside risk, potentially dropping to around $0.70 in extreme cases. This assessment is not solely based on XRP’s technical charts but also considers Bitcoin’s historical cycle patterns and the correlation among mainstream crypto assets.

The study shows that Bitcoin has exhibited a clear four-year market cycle over the long term. In multiple past cycles, the bull market peaks typically occurred at the end of each cycle, such as in 2013, 2017, and 2021. Following these peaks, the market entered deep correction phases: Bitcoin’s price fell about 58% in 2014, nearly 73% during the 2018 bear market, and approximately 65% during the 2022 cycle correction. Some analysts believe that if the current market cycle continues with a similar structure, a seasonal high could form at the end of 2025, with a new correction phase possibly beginning in 2026.

In this macro cycle context, altcoins tend to experience greater volatility. Since market sentiment is often dominated by Bitcoin, when Bitcoin’s price breaks below key technical support levels, other crypto assets usually undergo larger corrections. Therefore, ChartNerd believes that XRP’s price movement largely depends on future changes in Bitcoin’s market structure.

Currently, XRP is trading around $1.36. Analysts generally consider $1.20 as an important technical support zone. If this support level is effectively broken, the market could see further downside, with $0.70 viewed by some institutions as a potential extreme target zone. However, this prediction is mainly based on macro cycle models and does not necessarily imply an imminent short-term decline.

On the other hand, some opinions suggest that XRP may gradually reduce its dependence on Bitcoin’s price movements in the future. As cross-border payment scenarios expand and institutional interest in related payment networks increases, XRP’s utility value is gaining more market attention.

Analysts also warn that in a bear market environment, price rebounds are often accompanied by high volatility. Historically, there have been multiple instances of temporary rallies followed by continued declines, a pattern often referred to as a “bull trap.” Therefore, in the current market environment, investors should pay close attention to changes in Bitcoin’s cycle structure and key technical support levels to better judge the next trend direction of the crypto market.