BTC, ETH, XRP Face Pressure as Key Support Levels Weaken

The cryptocurrency market is under renewed selling pressure as Bitcoin, Ethereum, and XRP test critical support zones, raising concerns of deeper corrections, analysts warned.

Bitcoin at a Tipping Point

Bitcoin slipped below $116,000 and is now nearing its 50-day Exponential Moving Average (EMA) at around $114,002. A daily close under this point could trigger a move toward the next support at approximately $107,245.

Indicators are flashing bearish signals, with the Relative Strength Index (RSI) falling below the neutral 50 level and the Moving Average Convergence Divergence (MACD) approaching a bearish crossover. Still, if Bitcoin holds the EMA line, a rebound toward $116,000 remains possible.

Ethereum Losing Ground

Ethereum has also broken under its crucial $4,488 support and is now trading near $4,293, marking a weekly drop of nearly 3.5%. Should ETH fail to stay above $4,232, analysts expect further losses toward $3,593.

Like Bitcoin, Ethereum’s RSI has dipped below neutral, while the MACD signals continued weakness. Reclaiming the $4,488 level could provide a short-term recovery, but stronger buying momentum would be required.

XRP Under Pressure

XRP continues to underperform, closing beneath its 50-day EMA and hovering around $2.90, extending its 2% decline from last week. If bearish momentum persists, support near $2.72 could be tested. Resistance remains firm at $3.40, a level that may be difficult to breach without fresh bullish catalysts.

Market Outlook

The synchronized weakness across BTC, ETH, and XRP underscores rising bearish sentiment in the crypto market. Analysts caution that failing to hold current support zones could lead to sharper sell-offs.

Investor attention now turns to whether sentiment can shift or if further declines are inevitable. Broader macroeconomic conditions and regulatory signals remain key risk factors.

BTC has slipped even further to $112,956.60 within an hour of this report, signaling an intensifying downturn. This is a developing story, and updates will follow as the market unfolds.