XRP News Today: Crypto Market Downturn Intensifies as Bitcoin, Ethereum, and XRP Test Key Supports

The cryptocurrency market continued to face downward pressure on Tuesday as Bitcoin, Ethereum, and XRP retested key support levels amid a broader risk-off sentiment. The decline was fueled by rising macroeconomic concerns, including a stronger-than-expected 0.9% rise in the US Producer Price Index (PPI) in July, which exceeded the 0.2% forecast. This development has shifted expectations around the Federal Reserve’s potential rate cuts, with the possibility of a 25 bps reduction in September now at 83%, while a 50 bps cut has become increasingly unlikely [1].

Bitcoin dropped below the $115,000 psychological level at the time of writing, risking a break of the 50-day EMA at $115,063. A confirmed move below that level could drive the price toward the $111,980 support, marked by a previous high in May. Technical indicators show weakening bullish momentum: the RSI is at 45 on a downward slope, and the MACD continues to trend lower after a crossover on Saturday. The red histogram bars below zero also reinforce bearish pressure. A rebound above the 50-day EMA could, however, push Bitcoin toward the $120,000 resistance zone [1].

Ethereum fell below key trendline support on the daily chart, now approaching the $4,000 psychological level. The decline is part of a larger falling channel formed by connecting lows on June 22 and August 3. The MACD has crossed below its signal line, reinforcing the bearish narrative, while the RSI at 68 indicates a pullback from overbought territory. A rebound to $4,472, the Monday open price, could signal a reversal in the short term [1].

Ripple’s XRP is at a critical juncture, testing the 50-day EMA and the 38.2% Fibonacci retracement level at $2.99. A breakdown below this support cluster could extend the decline toward the 50% Fibonacci level at $2.78 and the 100-day EMA at $2.72. Technical indicators like the MACD and RSI continue to slope downward, signaling rising bearish momentum. A potential rebound could see XRP retesting the $3.34 resistance level [1].

Derivatives market data highlights growing risk aversion. Open Interest (OI) in the broader crypto derivatives market dropped to $201.80 billion from $208.30 billion in the previous 24 hours, indicating capital outflows as traders reduce exposure. Meanwhile, trading volume surged to $372.07 billion, suggesting a mix of short-covering and long-liquidation activity. Bitcoin’s and XRP’s OI each fell by more than 1%, while Ethereum’s remained stable at $61.07 billion [1].

Source: [1] Crypto market downturn persists as Bitcoin, Ethereum, and XRP test key supports (https://www.fxstreet.com/cryptocurrencies/news/crypto-today-bitcoin-ethereum-xrp-under-pressure-as-derivatives-data-signals-risk-off-202508191118)