- Bitcoin, Ethereum, and Ripple face strong bearish pressure, with BTC eyeing $90,000, ETH risking a drop to $1,905, and XRP targeting $1.40.
- Key indicators like RSI and MACD signal continued downward momentum for all three.
Bitcoin, Ethereum, and Ripple continue to struggle as bearish momentum keeps prices under pressure. Bitcoin (BTC) trades around $97,400 after dropping nearly 5% over the past three days. Ethereum (ETH) and Ripple (XRP) also fail to recover, signaling further losses ahead.
Bitcoin Eyes $90,000 as Bears Tighten Grip
Bitcoin faced a pullback earlier in the week, dropping to a low of $91,231 before briefly recovering above $101,300. However, the rebound did not last, and BTC fell again, losing 5% in three days.
If Bitcoin extends its decline, it may test the critical support level of $90,000. The Relative Strength Index (RSI) sits at 44, showing weak momentum. The Moving Average Convergence Divergence (MACD) indicator confirms a bearish crossover, hinting at more downside.
On the flip side, a recovery above $100,000 could push BTC towards the January 31 high of $106,012.
Ethereum Struggles Below $3,000, More Losses Likely
Ethereum price remains weak after failing to hold above the $3,000 mark. It dropped 13.87% after facing rejection at its descending trendline on February 1. On Monday, Ethereum briefly dipped to $2,125 before recovering to $2,879. However, it quickly lost momentum and now trades around $2,715.
If ETH breaks below $2,359, it could extend losses to $1,905, a key support level. The RSI stands at 33, nearing the oversold threshold of 30, signaling strong bearish momentum. The MACD also confirms a bearish trend, making a recovery unlikely in the short term.
To reverse the trend, ETH needs to reclaim $3,000 and establish a strong foothold above this level.
Ripple Faces Rejection, Aims for $1.40
Ripple struggled to stay above its 50-day Exponential Moving Average (EMA) at $2.59 after breaking below its ascending trendline on February 2. The price dropped by 10.35% before briefly bouncing back to $2.70. However, a rejection at $2.72 triggered a sharp 14% decline, with XRP now trading near $2.35.
If the pullback continues and XRP closes below $1.96, it could tumble further to the $1.40 support level. The RSI sits at 35, moving closer to the oversold zone, while the MACD remains bearish.
For any recovery, XRP needs to break above $2.72 and hold this level to regain bullish momentum.
Bitcoin, Ethereum, and Ripple face increased selling pressure, with key support levels at risk. BTC eyes $90,000, ETH struggles to hold above $2,359, and XRP could slip to $1.40. Unless buyers step in, further corrections seem inevitable.
