Bitcoin, Ethereum, and Ripple Show Signs of Extended Corrections Amid Bearish Technical Setups
The cryptocurrency market enters Friday’s session with increasing caution as Bitcoin slips under critical support, while Ethereum and XRP struggle to maintain momentum, signaling possible further losses ahead.
BTC/USD is under pressure after closing below the pivotal $106,400 support level. The breakdown comes after a multi-day pullback, with Bitcoin now hovering around $105,600—raising the probability of a deeper move toward the psychologically significant $100,000 zone.
📉 Key Indicators:
Unless bulls regain control and push BTC back above recent highs, a deeper retracement remains the dominant scenario. However, a recovery above $106,400 could reignite momentum toward the $120,000 target.
Ethereum price action remains fragile after failing to break above the $2,724 resistance. Currently trading near $2,600, ETH risks slipping further if it loses support at the 200-day EMA ($2,455).
📉 Technical View:
A decisive break below the 50-day EMA at $2,277 could trigger another selloff. On the upside, reclaiming $2,724 would re-open the path to the key $3,000 psychological level.
Ripple continues its downward slide after closing below its 50-day EMA ($2.29) earlier this week. Currently trading near $2.21, XRP faces a potential drop toward the $1.96 support level.
📉 Bearish Signals:
Unless XRP can reclaim the 50-day EMA, sellers could dominate and push prices toward lower support zones. Only a strong daily close above $2.29 may restore short-term bullish sentiment.
All three major cryptos—BTC, ETH, and XRP—are trading under pressure as technical signals flash red. With risk sentiment cooling and the US Dollar recovering slightly, traders are eyeing Friday’s Core PCE inflation report for clues on the Federal Reserve’s next policy move, which could significantly sway market direction into the weekend.
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