Crypto Market Plunge: XRP, Ethereum, and Bitcoin Face Bearish Pressures

XRP's Downward Momentum

XRP has dropped below a critical ascending moving average, signaling a growing downtrend. The cryptocurrency fell to $2.24, with the 100 EMA acting as a transitional point rather than solid support. While a short-term rebound to $2.50-$2.55 is possible if current levels hold, a stronger rally requires reclaiming the $2.72 resistance. Failure to do so could trap XRP in a consolidation phase.

If selling pressure persists, XRP may drop to $1.79, the 200 EMA, extending bearish control. However, oversold RSI conditions suggest a potential short-term rally if buying pressure increases. The $2.28-$2.30 support zone is critical for any swift recovery.

Ethereum's Sharp Decline

Ethereum has plummeted to $2,428, marking a 2.53% daily drop amid heavy selling pressure. This decline has broken key support levels and trendlines, with trading volumes reaching levels last seen in August 2025. The asset now struggles to stay above $2,400, raising concerns of a deeper correction.

The 200-day EMA continues to act as a resistance zone, preventing meaningful recovery. While the RSI nearing oversold territory hints at a potential relief bounce, the overall trend remains weak. If Ethereum fails to hold above $2,400, a decline to $2,200-$2,100 is likely. A drop below $2,000 would confirm a prolonged downtrend.

Recovery hopes lie in reclaiming $2,750, but the $3,000 200 EMA remains a distant bullish target.

Bitcoin's Sentiment Shift

Bitcoin has breached the critical $90,000 support, signaling a bearish shift in market sentiment. Currently trading at $87,527, Bitcoin faces increased selling pressure, with further declines likely. The next key support lies at the 200-day moving average ($85,600), with a potential drop to $80,000 if this level fails.

For bullish momentum to resume, Bitcoin must quickly recover above $90,000 and target $95,000. Failure to do so could push prices as low as $75,000, deepening the correction. A relief rally is possible if Bitcoin regains $90,000 and finds buying interest at $85,600, but bearish sentiment dominates unless buyers intervene.

The crypto market remains under significant pressure, with all three assets requiring swift buyer action to avoid further losses.