Bearish Outlook Dominates Crypto Markets as Bitcoin and XRP Face Significant Downside Pressure
Bearish Outlook Dominates Crypto Markets as Bitcoin and XRP Face Significant Downside Pressure
Both Bitcoin (BTC) and XRP are currently facing substantial bearish pressure, according to recent analyses. XRP is experiencing a fresh decline, testing short-term support levels, with technical indicators signaling continued downside potential. Meanwhile, Bitcoin is grappling with a significant pullback and the emergence of historical 'sell' signals, including a 'death cross' pattern and a SuperTrend indicator sell signal, which analysts suggest could lead to a substantial price drop, possibly mirroring past declines of up to 67%. Negative trends in institutional investment vehicles (ETFs) and whale activity further contribute to the prevailing bearish sentiment across the broader crypto market.
XRP Price Under Bearish Pressure
XRP has initiated a fresh decline from the $2.250 zone, currently trading below $2.20 and its 100-hourly Simple Moving Average. Analysts note bearish signs, with a bearish trend line forming resistance at $2.220. A failure to clear this resistance could lead to further losses, potentially driving the price towards $2.050 and even $1.880. Technical indicators reinforce this negative outlook, with the Hourly MACD gaining pace in the bearish zone and the RSI for XRP/USD falling below the 50 level. While there was a brief attempt at recovery, XRP failed to match the upward momentum seen in Bitcoin and Ethereum at certain points, suggesting weaker buying interest.
Bitcoin Faces Historic Bear Market Signals
Bitcoin has experienced a substantial pullback of nearly 26% from its all-time highs, sparking fears of a new bear market. A critical 'sell' signal has emerged from the SuperTrend indicator, which historically preceded a 67% value drop, raising concerns that BTC could plummet to $31,000 if history repeats. Furthermore, a 'death cross'—where the 50-day moving average crosses below the 200-day moving average—has formed for the first time since April 2025 (likely a typo, suggesting 2023 or 2024), adding to the bearish case. This death cross is particularly concerning as it occurred while Bitcoin was trading below the 50-day exponential moving average, unlike previous instances. The bearish sentiment is compounded by negative trends in ETF sales and significant whale net volume, suggesting broad-based selling pressure could drive prices further down from the average buyer entry point of $94,600.