๐ป Bitcoin, Ethereum, and XRP Face Heavy Pressure โ Bears Eye $98.5K, $2K, and $1.80
Crypto markets are wobbling under geopolitical tension, with BTC, ETH, and XRP showing signs of further downside.
Bitcoin (BTC) dropped 1.13% from its 50-day EMA of $102,942, reaching a low of $98,200 on Sunday. As of Monday, it hovers near $100,000.
A daily close below $100K could trigger a deeper correction toward $98,200 or lower.
However, a rebound to the 50-day EMA at $102,942 remains possible if support holds.
Ethereum (ETH) plunged 13% last week, breaking key support at $2,461 and closing below its 50-day EMA at $2,416. It now trades around $2,241.
Momentum suggests a potential drop toward the next support at $2,000.
If bulls step in, a recovery to $2,416 is on the table.
XRP faced a 10% slide, getting rejected at $2.21 by the 50-day EMA on June 17.
It's approaching its daily support at $1.96 โ a break below this level could push it down to $1.77.
A bounce could take XRP back toward $2.21 if support holds.
Tensions in the Middle East have added selling pressure, causing a weekly decline of 5% for BTC, 13% for ETH, and 7% for XRP.
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๐ Key Levels to Watch:
BTC: $98,200 (support) / $102,942 (resistance)
ETH: $2,000 (support) / $2,416 (resistance)
XRP: $1.77 (support) / $2.21 (resistance)
Will crypto bulls step in โ or are deeper corrections ahead?
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