The crypto market is experiencing a period of violent corrections. Bitcoin is currently defending a critical level at $85,000, with liquidation charts showing concerning downward targets. Ethereum surpasses the symbolic $3,000 mark, while XRP shows worrisome structural weakness on weekly charts.
Bitcoin has been evolving within a confirmed downtrend for several weeks. The leading crypto asset recently encountered a major resistance zone between $92,000 and $94,000, an area where rejections have multiplied. Sellers clearly dominate the short-term market sentiment.
BTC is currently defending a critical support between $85,000 and $86,000. A daily close below this threshold would open the door to a drop toward the $80,000 to $81,000 zone. Liquidation heatmaps show a significant concentration of orders within this range, which could accelerate the bearish movement.
If selling pressure persists, technical analysts identify a major support between $74,000 and $76,000. Some chart patterns even suggest an intermediate target around $77,000 to $78,000 in the short term. Leveraged traders are particularly exposed in this context of extreme volatility.
Trading volumes remain elevated, a sign that capitulation has not yet been reached. The daily RSI is approaching oversold territory without yet providing any clear signal of an imminent reversal.
Ethereum is bearing the full brunt of Bitcoin’s weakness. ETH has broken through the psychological and technical support at $3,000, transforming this zone into potential resistance. This bearish breakdown confirms the fragility of the second-largest market cap.
Confirmation via a daily close below $3,000 would activate a technical target toward $2,750 to $2,800. Below that, the next major support lies in the $2,600 to $2,650 zone, a level corresponding to a significant Fibonacci retracement and previous all-time highs.
On lower timeframes, Ethereum’s RSI is entering oversold territory. This signal could trigger a temporary technical bounce, but would not be enough to invalidate the underlying bearish trend. Experienced traders are waiting for stronger confirmations before repositioning long.
XRP displays the most fragile technical structure of the three major assets, particularly on weekly charts. The price is currently testing a critical support zone between $1.80 and $2.00, the last line of defense before a deeper correction.
A weekly close below $1.80 would activate a multi-month bearish scenario. The next identified technical supports are located around $1.60, then in the $1.30 to $1.40 range. If selling momentum continues unabated, XRP could even revisit the $0.90 to $1.00 zone in the coming months.
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