⚔️ Crypto Titans Under Pressure: BTC, ETH & XRP Defend Key Levels
The crypto market is looking shaky as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) fight to hold their important price zones. The overall market turned risk-off after U.S. inflation data (PPI) came in much higher than expected, reducing hopes for bigger rate cuts from the Federal Reserve.
📊 Market Sentiment Turns Risk-Off
Bitcoin futures Open Interest (OI) dropped from $208.3B to $201.8B as traders closed positions to avoid risks.
Trading volume jumped from $221.4B to $372.07B, showing heavy activity — often linked with liquidations or profit-taking.
💰 Bitcoin (BTC)
BTC bounced back above $115,000, holding just over its 50-day EMA.
If it keeps momentum, BTC could target $120,000.
But a failure to hold $115,000 could invite more selling.
💎 Ethereum (ETH)
ETH is down 0.50% today, extending Monday’s 3.56% drop.
The key psychological support is $4,000 — part of a rising channel pattern.
ETH must reclaim $4,472 (Monday’s open) to turn bullish again.
🌊 Ripple (XRP)
XRP is holding around $3.00, which aligns with its 50-day EMA and Fibonacci 38.2% retracement.
A break below could push XRP toward $2.78 – $2.72.
If buyers defend support, XRP may bounce back toward $3.34.
✅ Bottom Line
The big three — BTC, ETH, and XRP — are all at make-or-break levels. If supports hold, we could see a rebound. But a breakdown risks deeper corrections. For now, traders are advised to stay alert and watch the key price zones closely.