Crypto Market Under Pressure: BTC, ETH & XRP Facing Key Support Tests ⚠️
Bitcoin, Ethereum, and XRP are all under selling pressure as rising Middle East tensions and technical breakdowns weigh heavily on the market. Here's a breakdown of the key levels to watch:
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🔶 Bitcoin (BTC)
📉 Down ~5% last week
• Dropped 1.13% from its 50-day EMA of $102,942 to a low of $98,200
• Currently hovering near $100,000 — a daily close below this could trigger a retest of the $98.2K low
• Rebound potential: back to the 50-day EMA near $102,942
🔻 Bears’ Target: $98,500
📈 Rebound Level: $102,942
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🔷 Ethereum (ETH)
📉 Fell ~13% over the week
• Broke below key support at $2,461 and the 50-day EMA at $2,416
• Trading around $2,241 on Monday
• Further drop could take ETH to major support at $2,000
• Upside bounce may retest $2,416 EMA
🔻 Bears’ Target: $2,000
📈 Rebound Level: $2,416
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🌊 XRP (Ripple)
📉 Down ~7% this week
• Faced rejection at the 50-day EMA of $2.21 on June 17
• Now nearing crucial daily support at $1.96
• Break below could trigger a slide to $1.77
• A bounce may push it back toward $2.21
🔻 Bears’ Target: $1.77–$1.80
📈 Rebound Level: $2.21
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📊 Summary:
Markets remain fragile. If Bitcoin fails to hold above $100K, it may drag ETH and XRP lower toward critical support zones. Volatility remains high as macro and geopolitical factors add uncertainty.
