🚨 Bitcoin, Ethereum & XRP Pull Back After Massive Rallies What’s Next?
📉 After reaching a historic $123,218 on Monday, Bitcoin ($BTC) fell 2% Tuesday, dropping below $108,000 as profit-taking kicked in.
📊 Ethereum ($ETH) also faced resistance at $3,000 and is now trading below $2,970 eyeing a possible pullback toward $2,724 support.
🔻 XRP ($XRP) briefly retested the $3.00 level but dropped 3% on Tuesday, signaling heavy sell pressure above key resistance.
🔎 On-Chain Insight: BTC's exchange netflow is turning positive — the highest since February 25 — suggesting traders are moving coins to exchanges, likely to realize profits.
🧠 Key Technical Outlook:
📌 Bitcoin (BTC)
Resistance: $120,000 – $123,218 (ATH)
Support: $111,968 (daily support)
A close above $120K could trigger a fresh rally to retest ATH.
📌 Ethereum (ETH)
Resistance: $3,000 → Next target: $3,730
Support: $2,724
A breakout above $3K could unlock the next leg up.
📌 XRP
Resistance: $3.00 → Next target: $3.40 (Jan 16 high)
Support: $2.72
A daily close above $3 could reignite bullish momentum.
📅 After historic highs, this correction phase could offer strategic re-entry zones. Watch these levels closely!
#BTC120kVs125kToday #ETHBreaks3k #XRP #CryptoCorrection #MarketUpdate $BTC
