Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) slip to multi-month lows, erasing all gains since crypto-friendly candidate Donald Trump won the US presidential election in November 2024.
BTC hits a low of $60,000 on Friday, while ETH nosedives to $1,750 and XRP to $1.11.
The top three cryptocurrencies have undergone double-digit corrections, with no signs of a near-term rebound.
If BTC continues its correction, it could extend the decline toward the weekly support at $54,800.
Following the sharp correction, the probability of price consolidation appears higher than that of a strong rebound.
If XRP continues its downward trend, it is likely to trade between $1.11 and $1.45 in the near term.
Ethereum price has corrected by over 15% so far this week, reaching a low of $1,747 on Friday, levels not seen since May 6, 2025.
XRP drops to around $1.11, its lowest level since November 2024.
XRP price corrected over 20% so far this week, reaching a low of $1.11 on Friday, a level not seen since early November 2024.
Bitcoin price rebounds slightly after retesting the $60,000 mark on Friday, following a 15% correction so far this week.
The RSI reads 20 on the daily chart, an oversold condition, indicating strong bearish momentum.
The MACD indicator showed a bearish crossover on January 20, which remains intact with rising red histogram bars below the neutral level, further supporting the negative outlook.
Bitcoin (BTC) dropped to around $60,000 on Friday, with Ethereum (ETH) near $1,750 and Ripple (XRP) around $1.11, marking a broad retreat among the top three cryptocurrencies.
The move follows double-digit corrections and shows little sign of an imminent rebound.
If BTC continues its correction, the next weekly support sits near $54,800.
Across the market, the odds of price consolidation have increased, with traders watching for a potential pause in selling.
The RSI reads 20 on the daily chart, signaling oversold conditions and strong bearish momentum.
The MACD bearish crossover on January 20 remains intact, with rising red histogram bars below the neutral level.
XRP is seen hovering between $1.11 and $1.45 in the near term, while ETH slipped to about $1,747, its lowest since May 6, 2025.
Bitcoin has rebounded slightly after retesting the $60,000 mark, but the week remains down roughly 15%, underscoring persistent bearish momentum.
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