Crypto

Crypto Market Dips as War Fears Grow: Bitcoin, Ethereum, and Ripple Brace for More Losses

Leading cryptocurrencies Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) slipped lower on Wednesday, weighed down by rising geopolitical tensions and risk-off market sentiment. As concerns mount over a possible U.S. military intervention in the Israel-Iran conflict, digital assets are facing renewed pressure, with key technical indicators flashing red across the board.

₿ Bitcoin Slides Toward $100K as Key Support Weakens

Bitcoin is currently trading around $105,000, down roughly 2% from Tuesday, following a multi-day drop from its recent peak. Technical analysis points to a bearish Fair Value Gap (FVG) near $108,064, which has acted as a resistance zone.

Key signals:

50-day EMA support sits near $103,070
A daily close below this EMA could send BTC down to test the $100,000 psychological level
RSI has dropped below 50, confirming bearish momentum
MACD continues to show a bearish crossover with expanding red histogram bars

📉 If BTC fails to hold $103,070, traders should watch for a sharp dip toward the $100K zone.
📈 However, a daily close above $108,064 could shift sentiment and trigger a rally toward $111,980, the May 22 all-time high.

🟣 Ethereum Faces Breakdown if $2,434 Support Fails

Ethereum (ETH) is struggling to maintain its range and trades near $2,500, down from recent highs. After failing to hold support at $2,724, ETH reversed sharply and now hovers near its 50-day EMA at $2,434.

Key levels:

Support: $2,434 (EMA), $2,461 (consolidation base)
Next downside target: $2,000 if the 50-day EMA fails
RSI below 50 confirms bearish tone
MACD shows persistent bearish crossover

📉 If ETH breaks below the $2,434 zone, expect sellers to push toward the $2,000 region.
📈 A bounce from $2,461 may trigger a recovery toward $2,724.

🔴 Ripple Struggles Under 50-Day EMA, Bearish Momentum Builds

XRP is trading around $2.16, failing to reclaim the 50-day EMA at $2.24. After multiple attempts to break above resistance, the token has retreated, showing signs of further downside.

Technical outlook:

Immediate support at $1.96
RSI stands at 44, pointing downward
MACD signals continued bearish trend with crossover confirmation

📉 If selling continues, XRP could fall toward the $1.96 support zone.
📈 Only a decisive move above $2.24 would invalidate the bearish setup and hint at recovery.

📌 Quick Summary for Crypto Traders on DailyForex.pk

BTC risks further decline if it closes below $103K — $100K in sight
ETH may slide toward $2,000 if the 50-day EMA fails to hold
XRP faces downside pressure, with $1.96 as next critical support
Risk-off sentiment from Middle East tensions and US involvement fears is driving market weakness
All three assets show bearish RSI and MACD signals on the daily chart

📊 Stay informed with technical crypto forecasts, market sentiment shifts, and macro analysis — only at www.DailyForex.pk, your trusted hub for Bitcoin, Ethereum, and Ripple updates.

Yasher Rizwan