Bitcoin CME futures chart shows a potential 3.7% drop to fill the gap between $114,440 and $115,555.
XRP declined 3.8% over the past 7 days and is trading near its $3.03 support level.
A further dip in BTC could lead to an extended 10–15% drop in altcoins.
Bitcoin continues to consolidate below $119,000, with price action pointing toward a technical gap fill. The CME Futures chart shows a clear unfilled gap between $114,440 and $115,555. Historically, these gaps tend to act as magnets, drawing prices toward the void left behind. At present, BTC trades around $118,950, placing it approximately 3.7% above the highlighted gap range.
This potential move downward, a $4,405 slide, appears increasingly likely based on current resistance overhead. The price recently failed to break above $120,000 and now hovers in a narrow consolidation channel. Moreover, the 50-day moving average has converged with the upper end of the CME gap, strengthening the zone's technical relevance.The implications for this move extend beyond Bitcoin. According to current projections, a dip into the gap range could amplify downside pressure across altcoins.
CME Gap Near BTC Price Raises Risk of Sharp Altcoin Corrections
With Bitcoin’s CME gap sitting just below current levels, broader market sentiment remains cautious. If the gap fills, analysts warn of a 10–15% drop across several altcoins. Such volatility may develop rapidly, especially as BTC's price compresses beneath resistance.
https://twitter.com/egragcrypto/status/1948262198372913236
One area of concern is the potential cascade effect. Altcoins tend to exaggerate BTC movements during market corrections. As BTC dips, leveraged positions across alt markets may liquidate, driving further declines. This puts short-term holders on alert as BTC approaches the $115,575–$114,440 zone. The magnitude of this drop depends heavily on how swiftly Bitcoin retraces into this region. The quicker the fill, the sharper the impact on altcoins.
XRP Holds $3.03 Support as Decline Deepens
Among the altcoins under pressure is XRP, which has fallen 3.8% in the past 7 days. Currently priced at $3.02, XRP remains just above a key support zone at $3.03. The asset’s price action has narrowed, trading within a daily range between $3.02 and $3.48.
https://twitter.com/Steph_iscrypto/status/1948276793934336336
The weakening structure mirrors Bitcoin’s compression and adds further downside risk. If BTC initiates a gap fill, XRP could drop to $2.65. This level may serve as a crucial area in the coming weeks. Price action near this point could determine XRP’s positioning ahead of the broader market trend. For now, XRP’s proximity to both its support level and BTC’s gap range suggests careful observation remains warranted.
