The crypto market today has undergone a pullback, with Bitcoin, Ethereum, and XRP facing strong opposition at crucial levels. The Fear & Greed Index presently sits at 25, cautioning a fearful sentiment among investors. Bitcoin’s short-lived uptrend above the $90,000 incurred selling pressure, leading to a trend reversal. Macroeconomic concerns, including recent U.S. trade tariffs and sustained ETF outflows, are contributing to the ongoing bearish trend.
Bitcoin has struggled to maintain its position above the $90,000 mark, tracing back to $87,289.57, down 2.12% in the last 24 hours. The market’s bearish sentiment is reflected in its declining 24-hour volume, which has dropped by 11.28% to $51.61 billion.
If Bitcoin fails to hold above $85,000, a retest of the $82,000 level is likely. A break below this level could push BTC toward the $80,000 support. However, a bounce from the current range could see Bitcoin attempting to reclaim $90,000, with a potential move toward $95,000 if momentum strengthens.
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Ethereum has also taken a hit, trading at $2,193.29 after a 2.24% decline. The altcoin’s 24-hour volume has dropped by 12.74%, signaling reduced interest from traders.
If ETH fails to maintain support above $2,100, it may slide toward the psychological $2,000 level. Below that, the $1,900 mark could act as a critical support zone. On the upside, a breakout above $2,250 could push ETH toward the $2,400 resistance level.
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XRP has been the worst hit among the three, losing 5.60% in the past 24 hours to trade at $2.43. Selling pressure has intensified, driving XRP’s market cap down by 5.46%.
If XRP fails to stay above $2.30, it could test the $2.20 level. A further breakdown might send it to $2.00, where strong buying interest could emerge. Conversely, if XRP can break past $2.50, it might see a recovery toward the $2.80 resistance level.
Curious about XRP’s next price target? Read our XRP Price Prediction 2025, 2026-2030!
Bitcoin has faced consistent selling pressure due to macroeconomic concerns, including ETF outflows and U.S. trade policy developments.
Ethereum’s price has declined due to reduced trading volume and broader market sentiment. Investors are mindful of regulatory concerns and ETF-related uncertainties.
Given the current market dynamics and XRP’s circulating supply, reaching $10 remains unlikely in the short-term.
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