XRP Worst Case Scenario: Expert Explains How to Maximize a Likely 59% Dip for XRP to $0.90

As XRP trades above $2, expert predictions point to the possibility of a significant drop if Bitcoin (BTC) faces a severe correction. Over the past day, the crypto market saw a slight recovery after an earlier bloodbath. Bitcoin briefly rallied to $83K today, and XRP reclaimed $2.20 after previously dipping below $2. Meanwhile, analysts warn that the danger is not yet over, with the possibility of further price drops. Edoardo Farina, Alpha Lions Academy's founder, shared his insights on navigating a potential bearish scenario for XRP. He offered both caution and optimism for investors. Worst-Case Scenario for XRP According to Farina, Bitcoin's performance is one of the key factors influencing XRP's price in the near term. He stressed that if BTC fails to hold the crucial $72K support level, it could lead to a steep decline, possibly crashing toward the $50K range. For context, Bitcoin is trading at $83,000 at press time. At this price, Bitcoin holds near the 61.80% Fibonacci level on the daily chart, as The Crypto Basic recently analyzed. It signals a potential post-retest reversal, especially given the initial intraday pullback. The analysis warns of a possible drop to $75,000, aligning with the 50.0% Fibonacci level. With this Bitcoin risk, commentators like Farina see a chain reaction that drives XRP down to as low as $1.20. This would mark a full $1 loss from the current level, or a 45% dip. However, Farina also anticipates a flash crash that could send XRP as low as $0.90. From current levels, this would mean a 59% dip. Meanwhile, he assures that this drop would be short-lived, lasting just a few minutes. He adds that XRP will likely rebound quickly from these lower levels. Set Strategic XRP Buy Orders Below $1 While the chance of this worst-case scenario happening is relatively low, as Farina estimates it to be around 20%, he advises XRP investors to prepare for such an event. He suggests setting buy orders below $1 to take advantage of the potential dip. Meanwhile, Farina remains confident that XRP will not fall below the $1.20 support level again. He believes that any drop will be short-term and followed by a rapid recovery. "If this happens, I expect XRP to bounce above $2 quickly," Farina concludes, offering optimism for long-term holders. https://twitter.com/edward_farina/status/1899577009698635839 Other Bearish Signals Aside from Bitcoin-influenced risk, other analysts have pointed out inherent risks in XRP's chart that warn of a decline to $1. Specifically, these analysts have highlighted the formation of a bearish head and shoulders pattern on XRP's chart, which projects a major correction ahead before a rebound to new highs.