In recent analyses, the price behaviours of Bitcoin (BTC), Ethereum (ETH) and XRP have raised alarms in the market. According to a report on 3 November 2025, momentum for all three has significantly weakened, pointing toward the risk of a deeper correction ahead.
1. Bitcoin: Momentum Fading, Danger of the 106 k USD Break
Bitcoin recently failed at the 78.6% Fibonacci retracement level (measured from the April 7 low of 74,508 USD to the 6 October high of 126,199 USD) around 115,137 USD, and dropped roughly 3.5% week-on-week to trade near 108,000 USD at the time of writing.
Key technical signals:
-
RSI is at 43 (below neutral 50), indicating growing bearish momentum.
-
MACD histogram is showing shrinking green bars, and lines are converging—suggesting the bullish push is dissipating.
If BTC closes below the 61.8% retracement at ≈ 106,453 USD, the next support zone could be around the October 10 low of ~102,000 USD.
On the flip side, if support holds, a short-term recovery could push BTC toward the 50-day EMA at ~112,550 USD.
2. Ethereum: Rejected at Resistance, Risk of Further Slide
Ethereum faced strong resistance at ~4,232 USD and declined about 6% last week, trading around 3,759 USD when the report was written.
Similar warning signs: RSI and MACD both showing weakening upward momentum.
In the bearish scenario, if ETH continues downward it may revisit the 61.8% Fibonacci retracement area at ~3,593 USD.
Conversely, a rebound could see ETH challenge the 50-day EMA near 4,062 USD.
3. XRP: At a Critical Support, Slide Could Widen
XRP was refused at its 50-day EMA around 2.64 USD and had already dropped ~4.5% to trade near 2.44 USD.
If XRP breaks and closes below the key support at ~2.35 USD, the next downside target is ~1.96 USD.
Again, RSI and MACD point to weakening momentum—underscoring the risk of extended downside.
On the bullish side, a recovery of XRP would aim for the 50-day EMA at ~2.60 USD.
4. Summary: What This Means for Crypto Market Participants
The overarching message is clear: All three leading cryptocurrencies are showing signs of waning momentum.
-
The technical indicators (RSI, MACD) across BTC, ETH and XRP share a consistent bearish theme—bullish energy is drying out.
-
Key support levels are being tested; breaks could lead to sharp moves lower.
-
Although there remain plausible short-term bounce scenarios (if supports hold), the odds appear tilted toward deeper corrections rather than immediate strong rallies.
For investors and traders, this suggests heightened caution. It may be prudent to keep stop-losses tighter, review exposure to risk assets, and watch for confirmation of a support break or strong rebound before committing new capital.
5. Final Thoughts
In the unfolding market environment, simply hoping for the “next leg up” may be unrealistic without first rebounding momentum or fresh catalysts. The market appears to be waiting for a trigger—either renewed buying interest or a breakdown of key supports—to determine the next major move.
As always, these analyses should not be construed as financial advice. Each individual must evaluate their risk tolerance, portfolio and strategy before making decisions.
Ready to start your cryptocurrency journey?
If you’re interested in exploring the world of crypto trading, here are some trusted platforms where you can create an account:
- Binance – The world’s largest cryptocurrency exchange by volume.
- Bybit – A top choice for derivatives trading with an intuitive interface.
- OKX – A comprehensive platform featuring spot, futures, DeFi, and a powerful Web3 wallet.
- KuCoin – Known for its vast selection of altcoins and user-friendly mobile app.
These platforms offer innovative features and a secure environment for trading and learning about cryptocurrencies. Join today and start exploring the opportunities in this exciting space!
Want to stay updated with the latest insights and discussions on cryptocurrency?
Join our crypto community for news, discussions, and market updates: CryptoBCC on Youtube | Instagram | Telegram | Pinterest | Facebook | Discord | Tiktok | Threads | X(Twitter).
For collaborations and inquiries: CryptoBCC.com@gmail.com
Disclaimer: Always do your own research (DYOR) and ensure you understand the risks before making any financial decisions.
