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Mahnoor Kattak Queen
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Bullish
$XRP
$BTC
Attention XRP Holders: Bitcoin at $85k Support Could Trigger Big Drop for XRP đđ
Hereâs something every XRP holder should be aware of right now: If Bitcoin (BTC) tests the $85k support level, it could cause a big price shift in the market, especially for XRP. đ§đĽ
What Happens if Bitcoin Hits $85k Support? đ°đ´
Elephant Pattern Drop: If Bitcoin falls to the $85k support, it could trigger whatâs called the Elephant Pattern, where the market drops sharplyâsimilar to how an elephantâs trunk moves down. This could lead to bearish pressure on many altcoins, including XRP. đđ
XRPâs Current Pattern: XRP is currently in a phase of sideways movement, slowly building up like the body of an elephant. This suggests that XRP might soon see a profit-taking rally, where traders might sell off and the price could drop in the short term.
Be Ready for a Possible Drop đťâ ď¸
With XRP showing signs of sideways movement, itâs likely weâll see a bearish rally, where traders take profits and prices may dip before potentially recovering.
XRP holders should prepare for possible short-term drops as the market reacts to Bitcoinâs price movements and the broader trend. đđ¸
Conclusion: Prepare for Volatility âď¸đ The crypto market is always changing, and with Bitcoin testing the $85k support, a bearish drop could affect XRP. Be ready for possible profit-taking and short-term price drops, but keep an eye on the long-term potential for growth. đđĄ
Are you ready for the potential movement in XRP? Let me know your thoughts! đŹđ
Former premier Thaksin Shinawatra's proposal for a pilot Bitcoin payment project is a positive step to boost Thailand's competitiveness and attractiveness to tech-savvy visitors, but it first needs the Bank of Thailand to thoroughly study the risks of such a move, says the Thai unit of Binance -- the world's leading cryptocurrency platform.
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