Bitcoin is fighting to maintain support amid intense market volatility. The crypto market cap has dropped 4.7% to $2.2 trillion, reflecting selling pressure across top cryptocurrencies. BTC recently fell from $65,000 to $58,000, but whale buying activity suggests a potential rally towards $70,000 if support at $60,000 holds.
Ethereum has corrected to $2,400, forming a bear flag pattern with a target of $2,100. A rebound to $2,522 indicates buying interest, and a move above $2,600 could push ETH to $2,800 or $3,000. However, continued ETF outflows could hinder bullish momentum.
XRP has bounced from near the 200-day EMA at $0.5487 to $0.5811, facing resistance at the 20-day EMA of $0.5833. A break above this level could lead to a 21.6% rise to $0.74. However, a correction to $0.4 is possible if the SEC appeals the Ripple lawsuit ruling.