Bulls Losing Grip 🐂💔 — Bitcoin, Ethereum, and Ripple Show
koinmilyoner
Updated at: 7 hours ago
{"content":"Bulls Losing Grip 🐂💔 — Bitcoin, Ethereum, and Ripple Show Fragile Momentum
Bitcoin falls below $109,000 on Monday after a 3.51% drop the week before.
Ethereum is correcting below $3,590, a daily closing below which might cause a further collapse.
A closing below $2.35 might accelerate XRP's decline.
Bitcoin (BTC) dips below $109,000 on Monday, down 3.51% from the week before. Ethereum (ETH) and Ripple (XRP) prices are at important support levels, and a closure below might accelerate the slide. The momentum indicators for these big cryptocurrencies are weakening, signaling a correction this week.
Bitcoin momentum weakens
Last week, bitcoin price fell 3.51% at $115,137, the 78.6% Fibonacci retracement level from the April 7 low of $74,508 to the October 6 all-time high of $126,199. BTC is down roughly $109,000 on Monday.
If BTC breaks the 61.8% Fibonacci retracement mark at $106,453, it might fall to the October 10 low of $102,000.
BTC may rebound to the 50-day EMA at $112,550 if it finds support around the 61.8% Fibonacci retracement level at $106,453.
Ethereum fails the major resistance zone.
Ethereum fell 6% this week after hitting $4,232 daily barrier. On Monday, ETH trades in red at $3,759.
If ETH continues its retreat, it might fall below $3,593, the 61.8% Fibonacci retracement level.
However, ETH might return to the 50-day EMA around $4,062.
XRP may correct more if it closes below $2.35.
The 50-day EMA rejected XRP at $2.64 last week, causing a 4.51% drop. XRP is down at $2.44 on Monday, reaching the daily support level of $2.35.
After breaking and closing below $2.35, XRP may decline around $1.96, the next daily support.
However, XRP might return to the 50-day EMA around $2.64.
#BTC #xrp #ETH $BTC $ETH $XRP ","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025112025/11/03/f1035e5eb2194d0493f305723d8fe6d2.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}