Bitcoin eyes a break below $100K, Ethereum risks dipping to $2K, and XRP approaches the $1.77 danger zone as bearish pressure intensifies across the crypto market.
🚨 Market Overview
As geopolitical tensions in the Middle East escalate, crypto markets experienced a sharp pullback last week:
- Bitcoin (BTC) dropped nearly 5%
- Ethereum (ETH) plunged over 13%
- Ripple (XRP) fell by 7%
With key support levels in sight, traders are bracing for the possibility of extended corrections across the board.
📉 Bitcoin Price Forecast: $98K in Sight If $100K Breaks
Bitcoin’s price has entered a vulnerable zone, trading just above the critical $100,000 support. A decisive close below this level could trigger a further decline toward $98,200 or lower.
- 📊 Current Price: ~$100,000
- 📉 Support Levels: $100,000 → $98,200
- 📈 Resistance: $102,942 (50-day EMA)
🔎 Technical Indicators:
- RSI (Relative Strength Index): 38 → Bearish momentum increasing
- MACD: Bearish crossover with rising red histogram bars
- Trend Bias: Bearish below $100K
📌 Outlook: If BTC maintains levels below $100K, expect sellers to test $98K next. However, a recovery above the 50-day EMA at $102,942 could invalidate the bearish setup.
📉 Ethereum Price Prediction: $2,000 Becomes Key Target
Ethereum continues its downward trend after losing support at $2,461 and breaking below its 50-day EMA ($2,416). Now hovering near $2,240, ETH appears poised for a test of the $2,000 psychological level.
- 📊 Current Price: ~$2,241
- 📉 Support Levels: $2,000
- 📈 Resistance: $2,416 (50-day EMA)
🔎 Technical Indicators:
- RSI: 34 → Near oversold, but still bearish
- MACD: Bearish crossover with increasing red histogram bars
- Trend Bias: Bearish below $2,416
📌 Outlook: If ETH fails to reclaim its 50-day EMA, selling pressure may drag the price down to $2,000. A bounce could find resistance around $2,416.
📉 Ripple (XRP) Price Forecast: $1.77 May Be Next
Ripple has lost ground since facing rejection at its 50-day EMA ($2.21) on June 17. With the token now testing support at $1.96, a close below this level could expose XRP to $1.77 next.
- 📊 Current Price: ~$1.96
- 📉 Support Levels: $1.96 → $1.77
- 📈 Resistance: $2.21 (50-day EMA)
🔎 Technical Indicators:
- RSI: 36 → Bearish, approaching oversold
- MACD: Bearish crossover and growing red histogram
- Trend Bias: Bearish below $1.96
📌 Outlook: A breakdown below the $1.96 level could open the door for further losses toward $1.77. A reversal would need XRP to climb back above $2.21 to regain bullish footing.
🧠 Final Thoughts: Bearish Momentum Building
With all three major cryptocurrencies—BTC, ETH, and XRP—trading below key moving averages and showing bearish momentum, caution is warranted. Geopolitical tensions, technical breakdowns, and weak sentiment could trigger deeper corrections in the coming days.
👉 Traders should monitor key support levels closely and look for confirmation signals before entering new positions.
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1 Comment
Stay updated with the latest trends in art, design, and business from FooBar. The recent geopolitical tensions in the Middle East have significantly impacted the crypto markets, causing a sharp decline. The USD-CNH pair continues to face bearish pressure, staying close to the crucial 7.1700 support level. Sellers are currently dominating the market, making it a challenging environment for buyers. How will these geopolitical developments further influence the crypto markets in the coming weeks? WordAiApi