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The major cryptocurrencies Bitcoin, Ethereum, and XRP are facing renewed weakness this week amid rising selling pressure, cautious sentiment, and macroeconomic uncertainty. Each of the three assets is struggling to regain momentum as investors digest a mix of technical and fundamental concerns.
Bitcoin (BTC): Holding Key Support but Risks Loom
Bitcoin is trading near the 100,000 level, a critical zone that analysts are watching closely. If support fails to hold, the market could be headed toward deeper losses. Bitcoin recently dropped below 100,000 before recovering to around 104,500, but the rebound remains fragile.
Analysts note that Bitcoin has fallen about 18 percent from recent highs, with market sentiment slipping into the “extreme fear” category. Technical indicators suggest the 98,000 to 100,000 range is crucial. A successful rebound could push prices toward 106,000, but continued weakness could trigger another selloff toward the 90,000 region.
Ethereum (ETH): Rebound Paths Delicate, Bullish Case Intact
Ethereum is testing support around 3,171, with short-term resistance near 3,593. Analysts suggest that if the support holds, ETH could rebound to 4,000 by the end of the month. Institutional inflows and renewed optimism around Ethereum staking are helping to sustain some bullish sentiment.
However, if the market continues to lose confidence, Ethereum could revisit 3,300 or even 3,000. Macroeconomic factors, including uncertainty around U.S. interest rates and weak liquidity, remain major obstacles to recovery.
Despite near-term risks, Ethereum’s long-term outlook remains positive due to its role in decentralized finance, tokenization, and institutional adoption.
XRP: Struggling to Hold Ground
XRP continues to show signs of weakness after a series of failed rebounds. The token recently fell to about 2.40, down nearly five percent in a single day. If 2.35 fails as support, the next downside target could be near 1.90.
Forecasts for the rest of the year suggest XRP may trade in the 2.10 to 2.80 range, depending on broader crypto sentiment. Some analysts still see long-term potential if regulatory clarity improves or major financial institutions adopt Ripple’s technology.
At present, however, XRP appears to be the weakest among the top three cryptocurrencies, requiring a strong catalyst to reverse its decline.
Market Sentiment and Broader Context
Across the cryptocurrency market, risk appetite remains low. Investor confidence has been dampened by persistent macroeconomic uncertainty, reduced expectations for interest rate cuts, and declining trading volumes. The global crypto market capitalization has dipped, and the fear and greed index has returned to “extreme fear” levels.
Momentum indicators across multiple assets suggest the market is oversold but lacks conviction for a sustained rebound. With equities also facing pressure, crypto assets are struggling to attract new inflows.
Key Levels to Watch
| Asset | Support Zone | Resistance Target |
| Bitcoin | 98,000 to 100,000 | 106,000 and above |
| Ethereum | 3,171 and 3,300 | 3,900 to 4,000 |
| XRP | 2.14 to 2.37 | 2.68 to 2.83 |
For now, the market appears to be in a consolidation phase rather than a recovery trend. Traders are cautious as prices hover near key technical levels. Unless a new catalyst emerges, such as institutional inflows or favorable regulatory developments, the path of least resistance may remain downward.
Long-term investors continue to view current prices as potential accumulation zones, but the short-term landscape remains volatile and uncertain.
