During a surge in trading volume, BTC plunged below the $99K mark and could not regain support.
Its price broke below $2,224 in a bearish volume that peaked after 8:43 AM.
XRP lost below the $2 mark, which is a direct assertion of weak psychology and instability of direction.
Intraday activities in the cryptocurrency market illustrated an interesting weakness, given that Bitcoin (BTC), Ethereum (ETH), and XRP made massive falls in the June 22 session. These price dynamics were matched by increased trading volumes and the inability to retake prior support, which was associated with more extensive market risk among digital assets. Technical signals on the three assets have been bearish consistently, and the market players are keenly observing price ranges where prices could break or recover.
Bitcoin Under Pressure as It Plunges
Bitcoin (BTC) started the session on quite solid footing and was priced at roughly 102,682, and it plummeted intraday with a deep intraday negative swing to a low of around 98,800. The crash gained momentum a few minutes after 8:30 AM, indicating a reaction to market-specific or macroeconomic changes. This price movement was accompanied by an increase in trading volume, thereby ensuring the potency of the negative movement. BTC rallied during the second part of the day, but the moderating effect was still there, as BTC closed at 99,253.27, significantly behind the session-high mark.
Technical analysis shows that Bitcoin’s failure to reclaim key support levels indicates unresolved selling pressure. The asset’s closing price positions it near short-term resistance bands, limiting bullish opportunities in the immediate term. With price volatility on the rise and recovery efforts losing momentum before the session closes, BTC remains in a vulnerable position unless reinforced by broader market support or positive news flows.
Ethereum Breaks Support as Bearish Volume Increases
Ethereum (ETH) mirrored the movement seen in Bitcoin, posting a sharp drop after maintaining relative stability earlier in the session. The price fell from 2,269.30 to a low near 2,150 shortly after 8:43 AM. This drop coincided with a visible spike in volume, indicating heightened sell-side interest and reactive market behavior. By the session close, ETH had stabilized slightly at 2,177.90 but remained below the critical 2,224.65 support zone.
Despite minor intraday attempts to bounce, Ethereum’s price failed to reestablish higher ground. The sustained pressure below previous support levels reflects bearish sentiment. Short-term recovery remains uncertain unless volume shifts in favor of buyers. The current positioning suggests Ethereum may continue to face resistance unless macro or technical factors turn in its favor.
XRP Struggles to Hold Above Key Psychological Level
XRP experienced a consistent downtrend throughout the trading session. Starting from a high of 2.0800, the asset declined steadily to a session low near 1.9400. The sell-off intensified after 9:00 AM, with rising trading volume marking increased participation from sellers. XRP eventually closed at approximately 1.9649, reflecting continued pressure and a failure to regain the 2.00 level.
The inability to reclaim this psychological threshold highlights ongoing weakness in XRP’s technical structure. Multiple rebound attempts throughout the session were short-lived, suggesting limited buyer engagement. With volume continuing to concentrate during sell-offs, XRP remains exposed to additional downside risk if current resistance levels hold firm in the coming sessions.
