Crypto Rally Slows Down: Bitcoin, Ethereum & XRP Showing Weakness
Bitcoin, Ethereum, and Ripple have all enjoyed strong gains recently, but now they’re starting to show signs of slowing down. Traders are watching closely as these top cryptocurrencies hint at a possible short-term drop.
Bitcoin (BTC) hit a new all-time high of $111,980, but has now pulled back to around $108,928. Some technical signals are pointing to weakness — the RSI (a strength indicator) is falling, and the MACD has turned negative. If BTC drops below $106,406, it might fall further to $100,000. But if it bounces back above $111,980, it could aim for $120,000.
Ethereum (ETH) is holding above its key support level of $2,451 and is currently around $2,636. However, the indicators are weakening. If it fails to cross $2,724, the price might drop toward $2,247. If bulls take control and push it past $2,724, $3,000 could be the next target.
Ripple (XRP) is trading around $2.30. It’s struggling near its 50-day moving average. If it falls below $2.23, it might drop to $1.96. But if it stays above and gathers strength, it could try to climb back up to $2.72.
Impact: Bitcoin, Ethereum, and XRP could face short-term drops as signs of exhaustion grow. But if they hold above support levels, a fresh rally might still be possible. Traders should stay alert for sharp moves either way.