Oil Prices Must Fall Below $80 for Bitcoin and XRP Rallies to Sustain

A market expert has warned that potential rallies in Bitcoin and XRP prices may not be sustainable unless oil prices fall below $80.

The expert, who remains unnamed, believes that high oil prices sustain inflationary pressure, which keeps the Federal Reserve from easing policy. This is a major concern for risk assets, including cryptocurrencies like Bitcoin and XRP.

In recent weeks, Bitcoin has been trading above the psychologically important $70,000 level, while XRP has been consolidating near $1.44. However, both tokens have retraced modestly from their highs after encountering resistance.

The expert notes that several bullish fundamentals remain in place, including the SEC's movement toward treating Bitcoin as a commodity and inflows into XRP exchange-traded funds (ETFs). However, these catalysts are currently on hold until broader macro conditions improve.