Brent crude slid nearly 12% on Monday to trade around $94, but market expert Sam Daodu warns that oil prices will need to fall further — toward the $85–$80 range — before potential rallies in Bitcoin (BTC) and XRP prices can be sustainable.
According to Daodu, energy prices remain the key link between the ongoing Middle East conflict and crypto market direction, and until they ease, inflation fears and interest-rate concerns will continue to cap risk assets.
Bitcoin, XRP Retrace Amid Oil‑Fueled Rate Risks
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Bitcoin currently sits just above the psychologically important $70,000 level, while XRP is consolidating near $1.44. Both tokens have retraced modestly from last week’s highs, with Bitcoin down roughly 4% and XRP off about 5% on the weekly chart after encountering resistance higher up.
Those pullbacks, Daodu says, are tied to the same macro forces that have pushed oil above $100 on repeated escalation headlines since
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