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XRP drops to $2.2 as market turns bearish. Key Support levels: $2, $1.6 Key Resistance levels: $3, $3.4 1. Bears Return Over the past 24 hours, XRP’s price fell by 8% and approached $2.2. This has turned the momentum bearish, and the price could easily test the key support at $2 in the coming days if nothing changes. To maintain optimism, XRP has to stop this downtrend at $2. Chart by TradingView 2. Buyers Remain Shy In the past two weeks, sellers have dominated the volume profile, which is in red. This pushed the price lower, but the key support at $2 remains intact. This provides an opportunity for buyers to return at that level if sellers attempt to break it. Chart by TradingView 3. Major Bearish Cross Unfortunately for bulls, the weekly MACD is flashing a major bearish cross, which will be confirmed at the end of this week. If so, the likely outcome will be a continuation of the current downtrend and lower price levels. All eyes remain on the $2 support, which will be decisive. Failure there and XRP could visit $1.6 next. Chart by TradingView The post Ripple (XRP) Price Predictions for This Week appeared first on CryptoPotato.

Bitcoin (BTC) has fallen below the crucial $90,000 mark for the first time in a month. This triggered a wave of liquidations and ramped up market volatility. The sudden downturn has left many traders in the red. Data from IntoTheBlock shows that about 12% of all Bitcoin addresses are currently underwater—the highest percentage of unrealized losses since October 2024. Looking back at IntoTheBlock’s historical “In/Out of the Money” data, it’s clear many investors bought BTC at higher prices, especially between $90,000 and $100,000. With the price now at $89,479, these addresses are “out of the money.” Historically, similar situations have come before increased sell-offs as traders try to limit their losses, pushing Bitcoin’s price even lower. Bitcoin has seen a big uptrend over the past year, starting in mid-2024 and peaking at $109K in late January before showing signs of slowing down in early 2025. However, in the last 24 hours, the cryptocurrency has crashed 6.46%, leading to $1.34 billion in liquidations within the same period, according to Coinglass . Also, $1.07 billion was wiped out in the last 12 hours, with $493.36 million gone in just the past four hours. According to well-known analyst Ali Martinez, Bitcoin is breaking below a parallel channel. If Bitcoin can’t quickly climb back above $92,500, it’s very likely it will test support again at $81,000. On the other hand, BitMEX co-founder Arthur Hayes predicted BTC could plummet to $70,000 if hedge funds invested in spot BTC ETFs start to sell off their holdings. Related: Bitcoin’s Range-Bound Trading Ethereum Could Benefit, Analysts Say Looking at the daily chart below, Bitcoin’s RSI (Relative Strength Index) is currently at 30.80, which suggests Bitcoin is getting close to being oversold. If the RSI drops below 30, BTC might bounce back a bit in the short term. However, if strong selling continues, the price could keep falling before any real recovery happens. Adding to this, Bitcoin’s price has also dropped below the lower Bollinger Band. This indicates higher volatility and that sellers are in control. Related: Negative Crypto Sentiment: Bitcoin’s Booster? Historically, when BTC trades outside the lower band, it usually moves back toward the midline (20-day SMA). However, if the selling doesn’t stop, this sign alone might not be enough to stop the price from going down further. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

$ETH - Two discount red candles in the buy box. I'm sure Blackrock dumping 500 million into $ETH was just for fun.

S&P 500 now on 4 straight days of red. Doesn't happen too often so it's natural for panic to bleed into the markets. Usually after 4 there's some relief, last time we had 6 in a row it was a local bottom.

The crypto market has taken a massive hit in the past 24 hours, with total market capitalization dropping below the crucial $3 trillion mark, currently sitting at $2.98 trillion. This sharp decline of over 7% signals a potential further slide in crypto prices. Market sentiment is turning increasingly bearish as Bitcoin inches closer to the critical psychological level of $90,000. If Bitcoin fails to hold above this mark and drops lower, it could trigger an even more severe crash, dragging altcoins further into the red. Total crypto market cap in USD - TradingView The entire market is experiencing a broad sell-off. Bitcoin, the leading indicator of crypto sentiment, is struggling, which affects the entire ecosystem. Historically, altcoins tend to crash harder and recover slower than Bitcoin , leading to increased fear among investors. The Federal Reserve continues its quantitative tightening (QT) policies, signaling that interest rate cuts are unlikely in the near future. Higher interest rates make risk assets like cryptocurrencies less attractive, leading to more sell-offs. Additionally, uncertainty remains about whether Donald Trump’s administration will implement the "Strategic Bitcoin Reserve" plan, which could provide a massive boost to Bitcoin but has yet to materialize. The correlation between the crypto market and traditional financial markets remains strong. Last week, the S&P 500 experienced its worst day in two months, falling by nearly 2%. A weak stock market often translates to a weak crypto market, as institutional investors adjust their risk exposure. A recent security breach at Bybit, a major crypto exchange, has heightened fear among investors. Many traders are now hesitant to enter the market, reducing overall buying pressure and leaving prices vulnerable to further declines. The market-wide decline has hit some cryptocurrencies particularly hard. Here are the biggest losers in the past 24 hours: As the crypto market remains volatile, traders are closely watching Bitcoin’s $90,000 level. If further downside is seen, expect more pain ahead for altcoins and the entire market.