This week’s crypto landscape has become a battleground of bears and battered bulls. Panic selling, spurred by geopolitical uncertainties and regulatory crackdowns, triggered a broad market sell-off. The global crypto market cap collapsed by 1.97% to $3.76 trillion, echoing a steep 10.88% weekly dive. Meanwhile, the CMC20 index fell 1.53%, and altcoin season remains chilly at a score of 27/100.
Technical sentiment soured sharply, with an average RSI of 42.59 and fear overtaking greed at a reading of 32.
### Bitcoin Price Analysis
Bitcoin is at a critical juncture after tumbling to $111,416.50, losing 1% on the day and 8.67% over the week. The market cap slid to $2.22 trillion, while trading volume shrank dramatically by 26.8%.
The 4-hour chart reveals persistent bearishness, with BTC price action hovering nearly flat along the lower Bollinger Band, signaling oversold conditions. Consequently, the RSI sits at 38.31, well below the midpoint and nearing oversold territory.
Support levels are evident at $109,208 and $107,696. If these defenses fail amid continued panic selling and risk aversion, Bitcoin could revisit $107,696 or even lower. On the upside, resistance remains thick near $112,950 and $115,600.
### Ethereum Price Analysis
Ethereum mirrors Bitcoin’s mood, dropping to $4,017.48 — down 2.33% for the day and 9.63% for the week. Market cap stands at $485.14 billion, with volume shrinking by almost 30%.
The 4-hour chart suggests consolidation near $4,005, where the price is fighting to hold above key support at $3,955.65. The RSI reads 44.64, highlighting the risk for further drops but not yet indicating deep oversold conditions.
If panic selling persists, Ethereum may test $3,955 or plunge towards the lower Bollinger Band area around $3,920. Intermediate resistance is established at $4,089.73 and $4,265.40. Reclaiming these marks would require a shift in sentiment and improved liquidity.
Technicals warn of further short-term pressure, especially if global fear intensifies.
### XRP Price Analysis
XRP is bearing the brunt of market stress, collapsing 3.39% in one day and a whopping 14.79% for the week, now trading at $2.41. Its market cap stands at $144.86 billion, with volumes thinning as sellers continue to test support near $2.3692.
The RSI indicator at 38.20 aligns with severe bearishness, and price action hugs the bottom Bollinger Band. Should regulatory problems or macro tensions deepen, XRP risks sliding to $2.1403, its next major support level.
Recovery faces tough resistance at $2.5039 and $2.5543. Unless sentiment improves and buyers return, downside pressure could persist, leaving XRP vulnerable to new lows.
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Overall, the crypto market faces significant challenges this week amid heightened fear and selling pressure. Investors should closely monitor key support and resistance levels, as well as evolving geopolitical and regulatory developments.
https://coinpedia.org/price-analysis/how-low-can-bitcoin-ethereum-and-xrp-prices-go-key-targets-revealed/