Cryptocurrency analyst Ali Martinez has put Ripple (XRP) in the spotlight, noting that the symmetrical triangle pattern on XRP's four-hour chart has broken to the downside, opening the door for further declines. Martinez warns that below the crucial $1 level, there is little technical support, making XRP particularly vulnerable if Bitcoin's losses accelerate. Should selling pressure intensify, XRP holders could face a rough period.
Bitcoin Struggles Below $66,000, ETF Outflows Mount
Bitcoin's technical picture also looks fragile, with the leading cryptocurrency barely holding above $66,000. The next key level is $63,000, but sentiment-driven headlines could push BTC down to $60,000—testing the bottom of its current cycle. Analysts at Roman Trading are eyeing even lower targets around $50,000, while Bitcoin ETFs have seen a pickup in outflows as bearish sentiment grows.
XRP ETF Volumes Slump, Institutional Interest Wanes
XRP ETF volumes have collapsed, and investors are overwhelmingly in selling mode. After a sharp $18 million outflow on March 9, subsequent days saw only muted inflows and repeated sales of $4–5 million. Net ETF assets fell below the $1 billion threshold and have remained there all week. Data from Sosovalue suggests institutional interest in XRP has weakened noticeably.
Altcoin Markets Brace for Steeper Losses
Bitcoin has been trading within a narrow band for an extended period, but analysts warn that a decisive move is likely within the next 10 days. The current news cycle supports this view, and with the looming deadline (potentially April 6), many investors are adopting a wait-and-see approach. Major outflows from Bitcoin ETFs over the past two business days confirm this cautious stance.
Prominent crypto commentator DaanCrypto emphasized he would refrain from taking any major positions until the market convincingly breaks through one of two critical price levels. "Let's see what plays out over the weekend. If we don't get a rally, I believe the likelihood of choppy, sideways trading is high from here. As a result, I have no intention of taking significant action until Bitcoin convincingly clears either the $62,000 or $72,000 mark."
All eyes are now on Bitcoin's next move, as it is set to set the tone for the wider crypto sector. Short-term volatility remains elevated, and the market is on edge, waiting for a clear direction. A break to the downside could spark a broader sell-off, dragging leading altcoins like XRP down with it.