XRP News Today: Bitcoin Ethereum XRP Slide as Crypto Market Tests Key Support Levels Amid ETF Delays

The crypto market is in the midst of a volatile correction, with Bitcoin, Ethereum, and XRP all under pressure as key support levels are tested. Traders are adopting a more defensive stance amid uncertainty around delayed ETF approvals and a broader shift in risk sentiment. Prices across the board are falling, and leverage in futures markets is amplifying downside risks, particularly for short-term traders [1].

Bitcoin recently broke below $115,000 after a brief consolidation near $116,000, undoing recent gains and prompting a defensive trading environment. On-chain data reveals declining whale activity and reduced inflows into major wallets, signaling weaker demand. Analysts warn that in the absence of a strong catalyst, Bitcoin may retest the $100,000 level. The asset is now in a wait-and-watch mode, dependent on either regulatory clarity or broader macroeconomic signals to drive the next move [1].

Ethereum is also losing ground despite strong underlying fundamentals, including its transition to a proof-of-stake model and continued growth in Layer 2 solutions. ETH has slipped below the $3,600 support level, a key psychological barrier. Institutional flows into the token have slowed, indicating a shift in investor priorities toward capital preservation. While Ethereum remains one of the most solid crypto projects, its short-term performance is closely tied to broader market dynamics [1].

XRP has similarly faced downward pressure, falling below its recent high of $3.5 to test levels as low as $2.95. Despite earlier momentum following regulatory clarity in the U.S., the token has lost steam. Analysts are cautious, with some forecasting further downside unless market sentiment improves. A prediction from an analyst suggests XRP could reach $4 by October 1, particularly if a spot XRP ETF is approved [4]. Another analyst forecasts a $5 target, assuming current pullbacks are corrective and bullish wave theory holds [6].

As larger assets face correction, attention is shifting toward early-stage tokens. MAGACOIN FINANCE has emerged as one of the more notable projects in the presale space. Analysts highlight its low entry point, capped supply, and DeFi framework, which includes governance tools and staking options. The token is being discussed across online forums as a potential avenue for asymmetric exposure in a volatile market [1].

The crypto market is at a pivotal moment. With fading ETF optimism and increased risk-off sentiment, Bitcoin, Ethereum, and XRP face potential further declines. Yet, in past downturns, capital has consistently found new directions. Emerging projects like MAGACOIN FINANCE are gaining traction as investors seek the next breakout opportunity before the broader market shifts again [1].

Source:

[1] Crypto Crash Alert: Bitcoin, Ethereum, XRP—Here's What ... (https://en.bitcoinsistemi.com/crypto-crash-alert-bitcoin-ethereum-xrp-heres-what-analysts-say-happens-next/)

[4] Prediction: XRP Will Hit $4 by Oct. 1 (http://www.msn.com/en-us/money/savingandinvesting/prediction-xrp-will-hit-4-by-oct-1/ar-AA1K0Ge5?apiversion=v2&batchservertelemetry=1&domshim=1&noservercache=1&noservertelemetry=1&renderwebcomponents=1&wcseo=1)

[6] XRP $5 Target Remains Intact Despite Price Retrace, ... (https://www.mitrade.com/au/insights/news/live-news/article-3-1015782-20250806)