Bitcoin, Ethereum, and XRP confront intensified bearish momentum as critical support levels weaken amid geopolitical tensions and market turbulence. Technical indicators suggest mounting downside risks across major digital assets.
Bitcoin’s price has declined approximately 1%, testing crucial support near $102,500. The MACD indicator shows accelerating bearish momentum, raising concerns of further losses if this support fails.
Ethereum faces consolidation near its $2,350 support level, with its Relative Strength Index (RSI) dipping below 50. This signals diminishing buying strength and potentially opens pathways toward $2,200 if selling pressure persists.
XRP has repeatedly breached its $2.14 support level with tentative footing near $2.08. While Stochastic RSI approaches oversold territory – hinting at possible selling exhaustion – sustained trade below key thresholds remains concerning.
Technical indicators including MACD and RSI collectively indicate heightened downside exposure. Market participants are advised to monitor support levels vigilantly and factor geopolitical and macroeconomic developments into risk assessment strategies.