BTC Plummets as Altcoins Brace for Turbulence

The recent opening of the US markets saw the BTC price taking a downward turn, trading around $121,000. This slide in Bitcoin has triggered even more significant declines for altcoins, primarily due to ongoing market uncertainties, such as the government shutdown. Within just an hour of the US market’s opening, the decline in prices was stark, prompting a trending debate on what lies ahead for altcoins like XRP, XPL, and NEAR.

XRP and XPL Analysis

BTC closed three consecutive 15-minute candles with losses, leading to a loss of critical thresholds for altcoins. Such fluctuations are not new to the market, and a strong sell-off might not be imminent unless it evolves in a few hours. Analyst Sherpa, who frequently evaluates XPL Coin and regards it as a favorite, released a new chart recently.

He pointed out potential decline completion within a specified zone. While he might still buy if an upturn occurs before hitting the lows, staying away during the plunge remains preferable.

At the time of writing, XRP Coin had fallen to a critical support zone of $2.8. Analyst Ali Martinez highlighted this level twice this week and speculated on a rebound to $3.1 if the $2.73 support holds. Notably, Peter Brandt issued a warning for XRP, citing risks of falling to $2.22 if $2.6 support breaks, possibly coinciding with BTC dipping to $110k.

NEAR Coin Insights

Today, analyst Michael Poppe shared his thoughts on NEAR and BTC, expressing dissatisfaction with the ETHBTC pair’s lateral movement, predicting a dip for the altcoin leader. Should the 20-day moving average be regained, the situation might take a turn.

Poppe also noted that NEAR Coin saw accumulation throughout 2025, representing roughly nine months of buildup. Surpassing the resistance between $3.25 and $3.50 could result in a substantial breakout.

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