Ruby Weapon
If you get the elemental materia (Activate the Piano in Tifa's house when she leads the party, I think there's another way, but I forget how), and equip it paired with the fire materia. It'll drain the majority of the attacks by the Ruby Weapon (Apart from Ultima and those weird things that pop out the ground) [You could use the fire armlet too, but that's assuming you don't have it.]
Uh, yeah. ^_^
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