Bitcoin, Ethereum, and Ripple all fall! After the key resistance has broken, market panic is likely to spread.

This week, the cryptocurrency market is under pressure again, with Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) encountering strong resistance at key resistance levels, causing prices to drop simultaneously. Technical indicators are weakening in sync, and short-term downside risks are increasing. This article will combine the latest market trends and technical aspects to deeply analyze the price movement and future key levels of the three major mainstream tokens, assisting investors in grasping the bull-bear reversal points.

Bitcoin breaks below 114,000 USD, focus on 50-day EMA support

Bitcoin's price once broke through the resistance level of 116,000 USD on Monday, but subsequently fell back, dropping below 114,000 USD on Wednesday. The 50-day Exponential Moving Average (EMA) at 113,058 USD has become a key support level; if it fails to hold, BTC may retest the previous high of 111,980 USD or even dip to the psychological level of 110,000 USD. On the daily chart, the RSI reads 44, indicating increased bearish momentum, while the MACD has been in a continuous bearish crossover since July 23. If BTC can stabilize above the 50-day EMA, it is expected to challenge the 116,000 USD resistance again.

Ethereum's pullback has not stopped, $3,392 becomes a key defense line

Ethereum found support at the 78.6% Fibonacci retracement level of $3,392 on Sunday, rebounding more than 10% the following day. However, it failed to break through the daily resistance at $3,730 on Tuesday, subsequently dropping nearly 3% and currently hovering around $3,588. If the pullback continues, ETH may test the $3,392 support again. On the technical front, the RSI rebounded from 50 to 56, indicating that short-term bullish momentum remains, but the MACD maintains a bearish crossover, showing clear market divergence. If ETH can reclaim $3,730, it is likely to challenge the $4,000 round number.

Ripple falls below 3 USD, short-term momentum clearly weakens

Ripple (XRP) found support near the 50-day EMA at $2.80 on Sunday, rebounding nearly 11% on Monday, but the decline expanded to 3.56% on Tuesday, with the current price below $2.92. If the downward trend continues, XRP may test the key support at $2.80. On the daily chart, the RSI has fallen below 50, indicating weakening bullish momentum, and the MACD also supports a bearish trend. If XRP can return to $3 and hold, it is expected to rebound to the resistance level of $3.40.

The technical indicators are synchronously weakening, and short-term downward risks should be heeded

The three major mainstream tokens are all facing resistance at key resistance levels, with technical indicators such as RSI and MACD concurrently weakening, and market sentiment is bearish. If the support level is breached, it may trigger a new wave of sell-off. Investors should closely monitor technical signals and key price levels, and flexibly adjust their operational strategies.

Conclusion

Bitcoin, Ethereum, and Ripple have recently fallen in unison, with key resistance levels becoming the core short-term pressure. The technical indicators are bearish, and short-term downside risks should not be ignored. Investors are advised to respond cautiously and continuously monitor market dynamics and bull-bear reversal points.