Crypto Majors Drift After Sharp Weekly Sell-Off

Key Moments

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) stabilized on Monday after last week’s declines of nearly 9%, 8%, and 10%, respectively.
BTC is trading near $70,700, ETH is hovering around $2,149, and XRP is fluctuating close to $1.44, with key resistance and support levels capping upside potential.
Technical indicators across BTC, ETH, and XRP continue to signal a bearish broader trend despite short-term rebounds.

Consolidation After Heavy Losses

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) prices were consolidating on Monday following steep corrections in the prior week. BTC is trading around $70,000, while ETH and XRP are encountering resistance at important technical levels. Although price action has stabilized, the scope for a meaningful rebound in these three major cryptocurrencies remains limited as the overarching trend continues to tilt bearish.

Price Snapshot

Asset	Recent Weekly Decline	Current Area	Key Nearby Level
Bitcoin (BTC)	Nearly 10%	About $70,700	Daily resistance at $73,072
Ethereum (ETH)	More than 8%	Around $2,149	Resistance at $2,149 and $2,500
Ripple (XRP)	Nearly 10%	Roughly $1.44	Weekly support at $1.30; 50-day EMA at $1.83

Bitcoin: Rebound Stalls Below $73,072 Resistance

Bitcoin fell nearly 10% last week, dropping to a low near $60,000 on Friday before rebounding and retesting daily resistance at $73,072 on Sunday. As of Monday, BTC is changing hands around $70,700.

If the recovery in BTC persists, price could push higher toward the daily resistance level at $73,072.

On the daily chart, the Relative Strength Index (RSI) stands at 34 and is pointing higher after rebounding from oversold conditions last week, indicating that bearish momentum is easing and suggesting scope for further recovery. At the same time, the Moving Average Convergence Divergence (MACD) has produced a bearish crossover, signaling that the broader downward trend may remain in force and warranting caution from traders.

Should BTC resume its decline instead, the move could extend toward the 78.6% Fibonacci retracement level at $65,520. This retracement is measured from the August 2024 low of $49,000 to the October 2025 all-time high of $126,199.

Ethereum: Testing Overhead Resistance Around $2,149

Ethereum retreated more than 8% last week, reaching a low of $1,747 on Friday, a level that had not been seen since May 6, 2025. The token then recovered into the weekend, climbing back to $2,149 by Sunday. On Monday, ETH is trading near $2,149.

If selling pressure resumes, ETH could revisit Friday’s low at $1,747.

The daily RSI reads 31, close to oversold territory, reflecting that bearish forces still dominate momentum. The MACD has also registered a bearish crossover that remains in place, reinforcing the negative technical backdrop.

Conversely, if ETH manages to break and close above $2,149 on a daily closing basis, the move could open the door for an advance toward the next resistance level at $2,500.

Ripple: Hovering Near Broken Falling Wedge Support

XRP dropped below the lower boundary of its falling wedge pattern on Thursday, sliding to a low of $1.11 on Friday. Price then moved back to retest this broken trendline on the same day and has been oscillating around that boundary through the weekend. At the time of writing, XRP is trading near $1.44.

If downside momentum resumes, XRP could decline further toward weekly support at $1.30.

Similar to Ethereum, XRP’s RSI and MACD signals are aligned with a bearish technical outlook, underscoring the risk of continued weakness.

However, if XRP manages to break and close back above the lower boundary of the former falling wedge pattern, the token could extend a rebound toward the 50-day Exponential Moving Average (EMA) at $1.83.

Key Cryptocurrency Metrics Explained

Circulating Supply

The total number of tokens that can ever be minted or issued is determined by each cryptocurrency’s developer or creator. Only a defined quantity of tokens can be created through mechanisms such as mining, staking, or other processes, as specified by the underlying blockchain algorithm. Circulating supply can also be reduced by actions such as burning tokens or accidentally sending assets to addresses on incompatible blockchains.

Market Capitalization

Market capitalization is calculated by multiplying an asset’s circulating supply by its current market price.

Trading Volume

Trading volume represents the total number of tokens for a particular asset that have been exchanged between buyers and sellers within a defined trading period, such as 24 hours. It is used to assess market sentiment and aggregates volumes from both centralized and decentralized exchanges. Rising trading volume often reflects increased demand as more participants buy and sell the cryptocurrency.

Funding Rate

Funding rates are designed to incentivize traders to take positions and to help perpetual futures contract prices align with spot market prices. They are mechanisms set by exchanges to ensure that futures prices and index prices periodically converge through regular payments. When the funding rate is positive, the perpetual contract price is above the mark price, so traders with long positions pay those holding short positions. When the funding rate is negative, perpetual prices are below the mark price, and traders with short positions pay those who are long.