thecryptobasic.com 
$XRP and Bitcoin could be revisiting their 2024 lows in the coming days as the bear market bites on.
In a CNBC interview on Friday, Fairlead Strategies founder Katie Stockton argued Bitcoin could fall to the low $40,000 range if the current support level breaks. This potential BTC fall could weigh heavily on the broader market, including altcoins like $XRP.
Notably, Stockton remains bullish on Bitcoin over the long term. However, she stressed that losing current support could trigger another wave of selling.
CNBC’s Katie Stockton Sees Risk of a Deeper Pullback
Speaking on CNBC, Stockton said the $59,000-$60,000 area remains a critical support zone. Bitcoin has tested this range several times in recent weeks.
She noted that Bitcoin’s price has already fallen about 30% after being rejected at its 200-day moving average, which continues to act as strong resistance. If the current Fibonacci retracement support fails, the next major technical support sits in the “low $40,000s,” she said.
Despite the near-term bearish outlook, Stockton said she remains a “very, very long-term” Bitcoin bull. She added that Bitcoin is now in a long-term oversold condition, which has historically been followed by price stabilization and strong relief rallies.
How Far Could $XRP Fall?
At the time of writing, Bitcoin is trading around $60,270, while $XRP is changing hands near $1.06. A drop from around $60,000 to the low $40,000s would represent a decline of roughly 30% to 33% for Bitcoin.
Historically, $XRP has amplified Bitcoin’s losses during market-wide sell-offs due to its higher volatility. If $XRP simply matches Bitcoin’s percentage decline, its price could fall to around $0.71-$0.74.
However, $XRP’s price has sometimes dropped 1.3 to 1.5 times more than Bitcoin during major capitulation events. If that pattern repeats, $XRP could retreat to the $0.55-$0.65 range. That would bring it back into the psychologically important $0.50 zone. Notably, $XRP last traded at this level in 2024.
Meanwhile, a more conservative view suggests $XRP could fall into the $0.70-$0.95 range if Bitcoin reaches the low $40,000s. In a more severe market capitulation, historical price relationships suggest $XRP could briefly test the $0.40 region.
$XRP May Not Follow Bitcoin Exactly
While $XRP generally moves in the same direction as Bitcoin, the relationship is not always consistent. $XRP’s correlation with Bitcoin has historically been weaker than that of some other large altcoins.
This means $XRP can sometimes outperform or underperform Bitcoin, especially when $XRP-specific developments drive the market.
As a result, a Bitcoin drop into the low $40,000s would increase downside risk for $XRP. Yet the magnitude of any decline would depend on overall market sentiment and $XRP-specific catalysts.
