Crypto Today: Bitcoin, Ethereum and XRP face mounting sell-side pressure

• $80,000 support gives way for Bitcoin. Market participants now await the Fed’s interest rate decision.
• $2,300 demand comes under pressure as Ethereum declines, with weakening market sentiment weighing on prices.
• $1.30 remains the support level XRP bulls are battling to hold, while declining moving averages and weakening momentum could further constrain a recovery.

$80,000 has given way for Bitcoin (BTC). Its retreat below this pivotal level leads a broad cryptocurrency correction on Tuesday. Ethereum (ETH) shares Bitcoin’s neutral-to-bearish bias, while Ripple (XRP) trades around $1.30.

Fed decision approaches as crypto sentiment weakens

Macroeconomic uncertainty, geopolitical tensions and a shortage of key catalysts have clouded the cryptocurrency outlook in recent weeks. These pressures have made it harder to sustain gains and consolidate at higher levels. Attention remains firmly on Wednesday’s Federal Reserve (Fed) interest rate decision.

Nearly 90% odds favour the Federal Open Market Committee (FOMC) leaving rates within the 3.75-4.00% range, according to CME’s FedWatch Tool. Only 10% of market participants anticipate a rate increase.

With volatility potentially set to spike, traders could continue adjusting positions before the Fed announcement. No change in rates is expected. The focus will therefore turn to Fed Chair Kevin Warsh’s post-meeting press conference for guidance on the central bank’s monetary policy direction.

In an analysis report sent by email, Crypto Finance said, “We expect rates to remain unchanged, so the focus will be on the dot plot and any shift in the forward path,” adding, “Markets currently price a ~90% probability of a skip, followed by a December hike and two further hikes by year-end 2027, taking the target range to 4.50–4.75%.”

Demand for digital assets continues to fade. The Fear & Greed Index now stands at 48, in Neutral territory, down from 55 in the Greed range last week and 70 in the Greed zone last month. Continued deterioration may make elevated prices difficult to sustain across major crypto assets. Bitcoin would then be likely to revisit structural and psychological levels towards $75,000.

$79,795 Bitcoin technical analysis: BTC bears seek control

At $79,795, Bitcoin retains a bearish short-term bias beneath the 50-day Exponential Moving Average (EMA) at $80,761. The broader trend nevertheless remains constructive: price is still above the 100-day EMA at $77,725 and the 200-day EMA at $76,375, despite consolidation in the latest leg.

Immediate demand lies just beneath spot at the $79,664 SuperTrend line. Meanwhile, a Relative Strength Index (RSI) reading of 40 and a negative Moving Average Convergence Divergence (MACD) histogram point to fading momentum following the recent highs.

The first resistance barrier is the 50-day EMA at $80,7602. Only a daily close above it would soften the prevailing bearish bias and clear the way back towards the recent peak area.

The current price region around $79,795 provides the very short-term floor, backed by nearby SuperTrend support at $79,664. Losing this cluster would bring the 100-day EMA at $77,725 into view, followed by deeper support at the 200-day EMA at $76,375. Buyers would be expected to attempt to restore the broader uptrend at those levels.

$2,312 Ethereum technical analysis: ETH faces deeper sell-off risk

At $2,312, Ethereum remains below every major moving average and the SuperTrend baseline, keeping the near-term outlook bearish. Price sits just beneath the 200-day EMA at $2,316. Higher up, the 100-day EMA at $2,362 coincides with the previously broken rising trendline near $2,362, strengthening overhead supply.

Although the pair is stabilising above recent lows, momentum remains vulnerable. The RSI is near the lower 30s and the MACD line stays negative, indicating continued downward pressure.

The 200-day EMA near $2,316 presents the first resistance test. Beyond it, rebounds could encounter a stronger barrier around $2,362, where the 100-day EMA meets the broken ascending trendline.

Subsequent hurdles lie at the 50-day EMA of $2,453 and the SuperTrend line of $2,566. Reclaiming these levels would be necessary to soften the broader bearish outlook. The daily chart offers no clearly defined support beneath the current price. A sustained move below $2,312 would therefore leave ETH exposed until fresh demand emerges at lower levels not shown here.

$1.30 Ripple technical analysis: XRP under heavy pressure

At $1.30, XRP remains below all major moving averages and the active SuperTrend line, preserving its bearish short-term bias. Overhead barriers include the 100-day EMA at $1.33, the 50-day EMA at $1.36 and the 200-day EMA at $1.37. A broader descending resistance trendline also continues to restrict gains.

An RSI near 40 and a still-negative MACD indicate weak momentum, though not oversold conditions. These readings favour continued downward pressure rather than a bullish reversal in the immediate term.

The 100-day EMA around $1.33 is the nearest resistance, ahead of the 50-day EMA near $1.36 and the 200-day EMA at $1.37. Together with the descending trendline, these levels form a dense overhead supply zone. Further away, the SuperTrend level at $1.45 represents a structural barrier that must be regained to soften the broader bearish outlook. Below $1.30, nearby support is not clearly defined. Renewed selling could consequently drive a rapid search for lower levels until the chart establishes a fresh demand zone.

(The technical analysis of this story was written with the help of an AI tool. Know more.)