Crypto Prices May Drop: Bitcoin, Ethereum, and Ripple Show Weakness

Bitcoin, Ethereum, and Ripple are showing signs of weakness as they approach key support levels. If these levels break, prices could fall further in the coming days.

Bitcoin Faces Key Support at $100,000

Bitcoin reached a new all-time high of $109,588 last week, but it has struggled to maintain momentum. As of Monday, the price is nearing its critical support level of $100,000.

If Bitcoin closes below this level, it could dip to around $90,000. The Relative Strength Index (RSI) shows signs of weakness, while the Moving Average Convergence Divergence (MACD) indicator is also signaling a possible downtrend.

Ethereum Nears Critical $3,136 Level

Ethereum is approaching its 200-day Exponential Moving Average (EMA) at $3,136. If the price falls below this level, Ethereum could decline further, possibly testing the $3,000 mark.

The RSI shows bearish momentum, and the MACD has flipped to a negative crossover, indicating that Ethereum may face a downtrend if it doesn’t hold the $3,136 support.

Ripple Approaching Ascending Trendline Support

Ripple’s price is sliding toward its ascending trendline support. If XRP breaks below $2.72, it could continue to decline and test its next support level at $1.96.

The RSI shows weakening bullish momentum, and the MACD has also flipped bearish, signaling a possible correction. However, if XRP can maintain its momentum, it may test the $3.40 resistance level again.

Takeaway

Bitcoin, Ethereum, and Ripple are all at critical points in their price action. If they fail to hold their support levels, a correction could follow.

Investors should keep a close eye on these levels to see if the market will rebound or face further declines.