XRP News Today: Bitcoin Drops 4% to $103,556 Amid Israeli Iran Airstrikes

Bitcoin experienced a significant drop, falling over 4% to $103,556 following Israeli airstrikes on Iran. This decline came as investors reacted to the heightened geopolitical tensions in the Middle East, leading to a broad selloff of risk assets. The airstrikes, confirmed by Israeli officials, targeted military infrastructure near Tehran and Tabriz, described as a preemptive measure against Iran’s nuclear threat. Prime Minister Benjamin Netanyahu stated that the operation would continue "as many days as it takes" to remove the perceived threat.

In response to the escalating conflict, the U.S. began evacuating diplomats from Iraq and offered voluntary evacuations to military families in neighboring countries. The State Department issued warnings for American citizens to leave Iraq, citing regional instability. Secretary of State Marco Rubio acknowledged that Israel acted unilaterally but had informed the U.S. beforehand. Former Trump advisor Steve Witkoff noted that nuclear negotiations with Iran are still ongoing, despite the heightened risks of escalation.

Historically, Bitcoin has shown sensitivity to geopolitical unrest, often falling as traders reduce exposure to volatile assets. While Bitcoin is seen by some as a long-term hedge, its short-term price movements often mirror broader risk sentiment. Ethereum and XRP also posted sharp losses, with Ethereum slipping below $2,500 and XRP retreating to $2.10, adding to the market-wide pressure.

At the time of writing, Bitcoin is trading at $103,990, showing signs of stabilization after a sharp 4% drop. The price briefly dipped below $103,000 following the airstrikes but has since bounced modestly. On the 2-hour chart, BTC remains under pressure, with Bollinger Bands widening and the price hugging the lower band, indicating increased volatility and bearish momentum. The Relative Strength Index (RSI) has dropped to 25.51, deep in oversold territory, suggesting potential for a short-term relief bounce. However, MACD values remain heavily negative, indicating that bearish momentum is still dominant.

On the 30-minute timeframe, the price is struggling to reclaim the $105,000 zone. The RSI stands at 32.30, also near oversold levels, while the MACD shows downward expansion, further reinforcing downside risk if support fails. Bollinger Bands on this timeframe show a bearish squeeze breaking to the downside. The 1-minute chart reflects short-term recovery attempts, with the RSI bouncing to 66.49 and the MACD crossing bullishly. However, this minor uptick is not yet confirmed by higher timeframes, suggesting caution is warranted.

Key levels to watch include immediate support at $102,533 and resistance at $105,693. A close above $105,000 could ease selling pressure, but failure to reclaim it may open the door to further losses toward $100K. For now, sentiment remains risk-off, and BTC bulls must defend current levels to avoid deeper correction.