The post BTC, ETH, XRP at Risk of Correction appeared on BitcoinEthereumNews.com.

Bitcoin struggles to stay above $116,000, with indicators suggesting a potential drop if support levels are breached. Ethereum and XRP show early signs of decline, as key levels come under pressure following recent gains. The prices of Bitcoin, Ethereum, and XRP are showing signs of weakness. After weeks of gains, the market is now slowing down. Traders are closely monitoring key support levels, as indicators suggest a potential correction for all three assets. Bitcoin Stuck in Narrow Range as Momentum Fades The largest digital asset, Bitcoin, has been moving between $115,000 and $120,000 for the past few days. After hitting a high of $123,218 earlier this month, the price has struggled to push higher. As of Friday, it was trading near $115,805.09, the lower end of the range, down 1.51%. Per the outlook, if it drops below that point, the next possible level is the 50-day Exponential Moving Average at $111,458.  This could mean more downside in the short term. The daily Relative Strength Index has fallen to 55 and is facing down, which shows buyers are losing strength. The MACD also issued a sell signal on Wednesday, indicating weaker momentum. Similarly, as noted in our previous news brief, Bitcoin’s bull market signal is approaching a level that typically indicates the market is overheated, which could lead to a slowdown or a shift in direction. An analyst has advised that investors should wait until the market cools down instead of buying at this stage. On the other hand, if Bitcoin rises above $120,000, it may return to its recent high. However, for now, buyers seem hesitant, and the chart shows no strong signs of a move up. This range could break either way, but current signals lean toward a dip. Ethereum and XRP Under Pressure as Sellers Return It is…

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Filed under: News - @ July 25, 2025 3:37 pm