When Giants Stumble: BTC, ETH, and XRP capitulate Under Selling Pressure—Where Next?

The crypto market hit the reset button this week, with Bitcoin, Ethereum, and XRP all bearing the brunt of sustained selling pressure. The narrative has shifted from “accumulate the dip” to “where is the floor?”—a critical distinction that separates healthy correction from structural weakness.

Bitcoin Loses $90K—but RSI Screams Oversold

Bitcoin surrendered the $90,000 psychological fortress after failing to hold the 61.8% Fibonacci retracement level at $94,253 (calculated from the April low of $74,508 to October’s $126,299 peak). The current price sits around $87.96K, down roughly 8% on the week, with Thursday’s decisive breakdown below $90K marking the inflection point.

The real risk lies at $85,000. If BTC can’t find footing there, the next level of interest drops to $80,000—a zone that would signal more than a bounce-back correction. That said, the daily RSI has plunged to 23, a deeply oversold reading that typically precedes sharp counter-trend moves. The rubber band is wound tight, even if the directional bias remains bearish.

The key question: Can bulls reclaim $90,000? Until they do, expect rallies to be treated as sell opportunities rather than trend reversals.

Ethereum Breaks the Consolidation Floor—$2,749 on the Radar

Ethereum’s breakdown tells a similar story of capitulating demand. ETH fell through the $3,017 consolidation support on Thursday and is now trading near $2.96K. This breach forces a reassessment: $3,017 has flipped from support to resistance.

The 61.8% Fibonacci defense sits at $2,749—if this holds, buyers might find footing. If it breaks, expect a deeper search for value. Like Bitcoin, Ethereum’s daily RSI is skewed heavily to the downside, reflecting pure emotional selling rather than methodical rebalancing.

The critical level to watch: Can ETH hold above $2,749? This isn’t just a number—it’s the line between correction and breakdown.

XRP’s 10% Rout—but Momentum Extremes Hint at Relief

XRP has been the most fragile of the three, down 10% this week and now trading at $1.87, having pierced below the psychological $2.00 mark. The rejection from the 50-day exponential moving average at $2.47 was the trigger, but the severity of the decline suggests forced liquidations.

The next support zone sits at $1.77. A reversal attempt would likely face resistance at $2.35, with the real test coming at the 50-day EMA ($2.47). However, XRP’s daily RSI at 32 is flashing an important signal: the asset is deeply oversold. While this doesn’t guarantee an immediate bounce, it does mean the reward-to-risk ratio for shorting from here is deteriorating. Fresh rallies could provide relief, though they may be brief if overhead supply persists.

The Bigger Picture: Capitulation or Healthy Correction?

The question isn’t whether Bitcoin, Ethereum, and XRP will bounce—they almost certainly will at some point. The real question is whether they’ve found their lows or if more pain is ahead. The oversold RSI readings across all three suggest the current sell-off is emotionally driven rather than fundamentally grounded, which historically precedes sharp relief rallies.

Watch for volume exhaustion and potential intraday reversals. Until then, the path of least resistance remains lower, and defending each technical level will be critical to determining the market’s next chapter.