The post Why Bitcoin, Ethereum, XRP Prices are Down Today? appeared first on Coinpedia Fintech News
The crypto market today is feeling the weight of macroeconomic and geopolitical risks. Successively, the valuation of the industry has dropped to $3.2 trillion, with a 1.10% decline in the past 24 hours. Meanwhile, the 24-hour trading volume has surged over 42% to hit $114.74 billion, signaling heightened volatility and possibly panic-led sell-offs.
Amidst the ruckus, the Fear & Greed Index has moved to 43, placing the market in the neutral zone. Rising tensions in the Middle East and uncertainties around the potential restoration of Trump-era trade policies are spooking both traditional and digital asset investors. Let’s take a closer look at how this is impacting Bitcoin, Ethereum, and XRP.
Bitcoin (BTC) Price Prediction: Can It Hold Above $102k?
Bitcoin price today is at $103,491, down 0.94% in the past 24 hours. The daily low sits at $102,372, suggesting that the price is hovering dangerously close to key support levels. The 38% uptick in 24-hour volume to $50.25B indicates aggressive intraday trading, but not necessarily bullish accumulation.
If BTC fails to maintain support at $102,000, a further slide toward $100,000 or even $98,500 is highly likely. However, if the market finds temporary relief and BTC reclaims $105,000, a short-term recovery toward $107,000–$108,000 may be on the cards.
Curious about BTC’s year-end target? Read our Bitcoin (BTC) Price Prediction 2025, 2026-2030!
Ethereum (ETH) Price Prediction: $2,400 or $2,300 First?
Ethereum is bearing the brunt of today’s drop, plunging 3.59% to $2,423.62. The altcoin has seen its daily trading volume crash by over 76%, now at $21.59 billion. With a daily low of $2,371, ETH is testing a crucial demand zone.
If it breaks below $2,370, the next key support lies around $2,300, followed by $2,200. It is worth noting that to initiate a recovery, ETH must climb back above $2,500. That being said, a push beyond $2,570 could invalidate short-term bearish setups and open a route toward $2,650.
Hodling ETH? Check out our Ethereum (ETH) Price Prediction 2025, 2026-2030 Now!
XRP Price Prediction: Is a Drop Below $2 Next?
XRP price has slipped 1.16% over the past 24 hours to trade at $2.12, with a low of $2.09. Despite the modest drop compared to ETH, the volume has surged 45.9% to $2.49 billion, which I believe, that larger holders are offloading positions.
If bearish pressure intensifies, XRP may retest $2.00, a support that could give way to a drop toward $1.90. Contrarily, reclaiming $2.18 could spark a minor relief rally toward $2.30.
Curious about XRP’s future returns? Read our Ripple (XRP) Price Prediction 2025, 2026-2030 Now!
FAQs
Bitcoin is reacting to macroeconomic uncertainty, including tensions in the Middle East and fears surrounding potential Trump-era policy rollbacks.
Given the sharp volume decline and price weakness, Ethereum could test the $2,300–$2,200 range if the bulls don’t step in soon.
If current bearish momentum continues, XRP could slide below $2, targeting $1.90 as the next major support.