Bitcoin News Today: XRP Dips Below $3 as Downward Momentum Gains Strength Ethereum Falls 10% Amid Key Support Tests at $3,480 Bitcoin Slides 7% as $120,000 Resistance Fades

XRP has officially fallen below the $3 level, marking a significant bearish milestone as the cryptocurrency trades around $2.92 after a steady decline from its July peak of $3.70. The breakdown below the 26 EMA indicates minimal resistance to downward pressure, with volume remaining moderate—suggesting limited panic but also a lack of buying interest. The RSI, currently hovering in the high 40s, confirms waning momentum and reinforces the downward trend as it dips below the neutral zone. The $3 level, once a psychological support, is now acting as resistance. The next area of potential support is seen in the $2.70–$2.60 range, where a minor historical support cluster and the 50 EMA converge. A retest of the $2.30–$2.20 range remains a possibility if XRP finds support there, but a break below that could lead to further decline. Investors are being urged to abandon the $3 narrative and adapt to the current market structure as XRP’s growth momentum continues to weaken [1].

Ethereum (ETH), having peaked near $4,000, is currently in a correction phase. The asset has dropped nearly 10% from its high and is trading around $3,620. The RSI, which previously reached 78 during the uptrend, has now retreated to a more neutral level of 61. While the red candles indicate selling pressure, the volume remains steady without signs of panic, suggesting a cooldown rather than a sharp sell-off. The 26 EMA, currently at approximately $3,480, could serve as a key support level. If this level holds, ETH may consolidate and find a new base for a potential rebound. However, if the 26 EMA fails, the next critical level to watch is the $3,000 range, which coincides with the 50 EMA. The next few days will be crucial in determining whether Ethereum can stabilize or face a more extended correction [1].

Bitcoin (BTC), having peaked just below $120,000, has also entered a correction phase. The price has declined over 7% and is currently trading at approximately $114,798. The failure to break through the $120,000 level has led to a shift in bullish sentiment, with the RSI dropping below 60 and indicating a decline in momentum. The lack of buying interest is further evidenced by dwindling volume with each attempt to push above $120,000. The 26 EMA, slightly above $111,800, represents the next line of defense. If Bitcoin can recover from this level, it may attempt another move toward resistance. However, if it fails, the correction could extend toward the 50 EMA, located around $107,000. The $120,000 level appears to be out of reach for now, and unless BTC shows a strong reaction at the 26 EMA, the market is likely to see consolidation or further declines. Investors are advised to monitor this critical support level as it could determine the next phase of Bitcoin’s movement [1].

Source: [1] [XRP Price: Is $3 Club Closed? Ethereum (ETH): Last Chance For $4,000, Bitcoin (BTC): Is $150,000 Still Available?](https://u.today/xrp-price-is-3-club-closed-ethereum-eth-last-chance-for-4000-bitcoin-btc-is-150000-still-available)