
The crypto market turned red over the past 24 hours, with Bitcoin, Ethereum and XRP all losing ground. Ethereum led the fall after breaking a key trendline, and each of the three now sits on or near a support level that will decide the next move.
Where prices stand
Bitcoin: uptrend intact, but rallies are being sold
One analyst said Bitcoin has now closed three weekly candles and a monthly candle above its 50-week moving average, a level that has often acted as support in past bull markets. Bitcoin is also still holding its May high near $83,000.
The short-term picture is weaker. He said that every recent rally has been sold and that the moves higher overlap heavily, a sign that sellers are gaining strength.
Bitcoin levels:
Ethereum: breakdown from a rising triangle
Ethereum was the weakest of the three. Analyst said ETH broke down from a rising triangle after losing support at $2,690 to $2,700, and sellers quickly pushed it toward $2,560.
“As long as ETH stays below the broken trendline, I think downside pressure can continue,” he wrote, adding that the reaction at $2,550 to $2,560 “will be important for the next move.”
There was also news on the demand side. Tom Lee said BitMine will stop buying ETH once it holds 5% of Ethereum’s total supply. BitMine has been one of the largest corporate buyers of ETH.
XRP: inside support, no bottom confirmed
XRP at $1.44 is trading inside its short-term support zone of $1.32 to $1.49. An analyst said XRP has “a lot more room to the downside” within that zone and may dip further before turning.
The larger structure still looks constructive to him. XRP has been making higher lows since August, something it did not do through late 2025 and most of 2026.
XRP levels:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
ONDO is approaching a critical support zone just as Ondo Finance expands its tokenized stock…
PEPE is testing buyers' patience. The meme coin has climbed along an upward trendline since…
Ripple has won final approval from the US Office of the Comptroller of the Currency…
Artificial intelligence needs more than clever algorithms. It needs GPUs, electricity, data centers, and plenty…
The Worldcoin price continues to slide even as Bitcoin recovers above $80,000 and the broader…
Coinbase is putting European stablecoin holders on the clock. The exchange's MiCA compliance measures require…