Crypto Slips as Bitcoin, Ethereum, XRP Lose Key Support

Key Moments

Risk-Off Tone Hits Major Cryptocurrencies

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are under pressure on Friday after retreating roughly 4.4%, 4.5%, and 3% respectively so far this week. BTC is trading below $74,000, ETH has fallen to the $2,000 area, and XRP is fluctuating around $1.30. Across all three, momentum gauges point to strengthening bearish dynamics, raising the probability of additional downside should critical support zones fail.

Bitcoin: Weak Momentum Below Key EMAs and Fibonacci Levels

Bitcoin price is quoted at $73,600, reflecting a negative short-term setup as it remains below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), which are grouped between approximately $76,430 and $81,226.

The move has also pushed BTC under the 38.2% Fibonacci retracement at $74,487 of the $60,000–$97,924.49 advance, indicating that the recent pullback is extending rather than forming a simple consolidation. The Relative Strength Index (RSI) is near 35, signaling bearish bias without yet signaling an extreme oversold condition. At the same time, the Moving Average Convergence Divergence (MACD) is negative and sits beneath its signal line, confirming sustained downward pressure despite occasional countertrend bounces.

On the upside, initial resistance is defined by the 38.2% retracement at $74,487. Above this, the 50-day EMA at $76,429 and the 100-day EMA at $76,690 represent a denser supply area. If buyers manage to push beyond those levels, the 50% retracement at $78,962 and the 200-day EMA at $81,225 act as a broader ceiling, with further resistance seen at the 61.8% retracement at $83,437 and the horizontal level at $84,410.

On the downside, the first zone of defense is around the previously broken trendline near $71,727. Below that, the 23.6% retracement at $68,950 is an important floor; a sustained move under this Fibonacci level would increase the risk of a more pronounced corrective phase within the larger uptrend structure.

Ethereum: Trading Near $2,000 as Oversold Conditions Approach

Ethereum price is quoted at $2,009, reflecting a bearish near-term configuration while it remains well below the 50-day, 100-day, and 200-day EMAs, which are clustered between about $2,190 and $2,510. The 23.6% Fibonacci retracement of the latest swing, near $2,138, together with the 50-day EMA around $2,193, forms the first overhead resistance band. The 100-day EMA near $2,277 and the 38.2% retracement close to $2,380 further reinforce the dominant downside tone.

Momentum readings remain soft. On the daily chart, the RSI is holding just above oversold territory at 31, while the MACD stays in negative territory, suggesting continuing selling interest even as short-term downside may be becoming extended.

On the downside, the immediate focus is on the psychological and horizontal support around $2,000. A decisive break below this zone would expose the broader swing low area near the $1,747 Fibonacci base.

On the upside, any rebound is expected to encounter initial resistance at the 23.6% retracement around $2,138, followed by the 50-day EMA near $2,193. A daily close above both would be required to start relieving pressure and potentially trigger a corrective move toward the 100-day EMA at approximately $2,277 and the 38.2% retracement near $2,380. The 200-day EMA around $2,511 remains a more distant resistance within the overarching bearish backdrop.

XRP: Vulnerable Around $1.300 Support

XRP is trading at $1.310 and maintains a negative short-term profile with price below the 50-day, 100-day, and 200-day EMAs. The token is also positioned under the top of a descending parallel channel near $1.382, highlighting persistent selling pressure on rallies. The RSI is in the mid-30s and the MACD remains negative, indicating that sellers still dominate and that attempts to recover are likely to be met with renewed supply.