BTC, ETH, XRP Plunge After Binance Incident: Analyst Reveals Buy-the-Dip Levels

Cryptocurrency prices fell after a $6.3 billion hack at Binance, with Bitcoin dropping to a six-week low near $76,500 before trading around $76,700. Ethereum slipped below $2,200, and Ripple’s XRP fell 4% to about $1.23. Analyst Ali Martinez said Bitcoin was rejected after retesting its 50-day moving average near $78,000 and identified the 200-day average around $73,000 as a level to reassess a dip purchase. He said Ethereum could move toward $2,000 after breaking a chart pattern, while XRP breached support near $1.25 and could correct toward $1 if it fails to reclaim that level.