The crypto market ails under pressure, with total capitalization dropping by 1.76% to $3.97 trillion, and daily trading volume dropping 30.1% to $177.4 billion. The fall has come amid macro jitters ahead of Powell’s Jackson Hole speech on August 22.
Talking about numbers, a break below the $3.96T Fib support highlights a broader technical breakdown. Successively, CoinGlass data, shows $535.89 million in liquidations over the past 24 hours. With Ethereum leading at $213M, followed by Bitcoin at $111M and XRP at $18M. In this analysis I take you through the potential targets for Bitcoin, Ethereum, and XRP prices
Bitcoin is currently trading across exchanges at $115,451.51, down 2.21% in the past 24 hours and 5.4% lower over the week. With volume up more than 20% to $56.86 billion. After setting an all-time high of $124,457 just four days ago, BTC has broken below the $118.8k support, which triggered more than $81 million in long liquidations.
The chart I’ve shared, shows BTC sliding beneath the mid-Bollinger Band while testing lower support around $115k. The RSI near 31, suggests oversold conditions but no clear sign of a reversal. Unless buyers step in quickly, the price could drift further toward the $112k support zone next week. A recovery above $117.5k is needed to stabilize momentum, while regaining $118.8k would open the door to retesting $123k and potentially $127k.
Ethereum is currently changing hands at $4,268.63, down 4.32% since yesterday, though only slightly lower on the week. Daily business has surged 52% to $41.93 billion, signaling aggressive selling pressure. ETH price remains about 13% below its $4,891.70 all-time high and has breached a critical $4,380 support level, causing cascading liquidations.
The chart above shows ETH hugging the lower Bollinger Band, with RSI at 37 reflecting weakening momentum. If price action continues to stall under $4,380, Ethereum could slip toward $4,144 support next week. On the other hand, a rebound above $4,380 may pave the way for a recovery toward $4,500 and possibly $4,878 if buyers return in strength. That being said, heavy staking withdrawals, about 855,000 ETH this week, are amplifying spot selling pressure.
XRP is trading at $2.97, with a fall of 4.83% in a day and 8.5% over the past week, with volume slightly higher at $6.12 billion. XRP has broken below the $3.05 support level, confirming a bearish bias as price dips near the lower Bollinger Band.
The RSI sits at 31, showing oversold conditions but not yet a confirmed reversal. If buyers fail to defend the $2.85 support zone, XRP price could extend losses toward $2.65 next week. A close back above $3.05 would signal potential relief. Thereby opening the doors to $3.28 and $3.49 resistance levels.
Rising U.S. inflation fears, institutional profit-taking, and a technical market breakdown led to $535M in crypto liquidations, driving prices lower.
If BTC fails to recover above $117.5k, it may test $112k next week. A rebound above $118.8k could target $123k–$127k.
ETH must reclaim $4,380, and XRP must hold $2.85 to avoid deeper losses. A short-term bounce is possible if buyers step in at support zones.
PEPE price is currently testing a crucial support level, raising concerns among traders about whether…
The crypto market is heating up as Ripple’s XRP shows signs of bullish momentum while…
XRP price is showing early signs of recovery this September. Investors watch ETF approvals, XRPL…
Crypto markets in 2025 are heating up as major altcoins consisting of XRP and Solana…
A rumor has been circulating online claiming that the Texas Senate passed an “XRP Reserve…
LINK price has remained under pressure through September, slipping into a bear market and briefly…
