Why Bitcoin, Ethereum, and XRP Prices are Crashing?

The post Why Bitcoin, Ethereum, and XRP Prices are Crashing? appeared first on Coinpedia Fintech News

The cryptocurrency market has displayed a strong bearish action overnight. Reportedly, the crypto space has lost over 8% in valuation in 24 hours. Moreover, the Bitcoin price plunged below $95,000, whereas Ethereum and Ripple tokens broke their important support trendlines.

With this, top investors and institutions are macro and micro-monitoring the price action of the top 3 cryptocurrencies. Moreover, are you one of many who are planning on investing in these tokens but are concerned about their weekly prediction? Read now to Find out the possibilities!

Bitcoin (BTC)

The Bitcoin price today has dropped over 3% in 24 hours with a trading volume of $106.063 billion. Further, it has lost 5.61% over the last seven days and has a monthly return of -2%. This suggests an increase in the negative influence.

The Moving Average Convergence Divergence (MACD) shows a rising red histogram in the daily time frame with its averages recording a similar action. Moreover, the EMA 50-day is on the verge of experiencing a negative crossover. This suggests a bearish outlook for the BTC price.

Suppose, the bulls regain momentum, the price of Bitcoin could retest its milestone price of $100k this week. Conversely, if the bearish sentiment intensifies, this could pull the price of BTC toward its low of $90,000.

Planning on investing in the largest cryptocurrency? Read Bitcoin Price Prediction 2025, 2026 – 2030 now!

Ethereum (ETH)

The Ethereum price has plunged 15.44% in 24 hours with a trading volume $91.47 billion, a change of +250.03%. Moreover, it has lost 17.11% in seven days and 28.26% over the past month. With a YTD return of -22.12%, it has a market capitalization of $313.097 billion.

The Relative Strength Index (RSI) fails to surpass its neutral point, resulting in it plunging toward its oversold range in the daily time frame. Furthermore, the SMA indicator records a bearish curve, suggesting an increase in the selling-over-buying pressure in the crypto market.

Maintaining the price above its important support level of $2,530 could push the price of Ethereum toward its upper high of $3,200. On the contrary, if the bears outrun the bulls, this could pull the ETH coin price toward its low of $2,200.

Wondering to invest in ETH price with questions like “Is ETH price a good investment for this altcoin season”. Read Ethereum Price Prediction 2025!

Ripple (XRP)

The price of XRP recorded a similar price action by losing over 15% in 24 hours. Moreover, the Ripple price has plunged 20.89% in seven days and 3.44% over the last 30 days.

The EMA 50/200-day displays a negative outlook in the daily time. Furthermore, the MACD indicator records a significant rise in the red histogram with its average trendline experiencing a similar price action. This indicates that the altcoin may continue losing value in the coming time.

If the market favors the bulls, the XRP price will retest its high of $3 this week. However, a sustained bearish action could pull the price of Ripple token toward its low of $2.

Are you one of many who are planning on stacking more XRP tokens but curious about questions like “Will XRP ever recover?” Read the latest XRP Price Prediction!

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