Crypto Bloodbath: XRP, AVAX, ETH, and BNB Get Pummeled in Market Rout
Another day, another crypto massacre—this time dragging major players to fresh lows. XRP flirts with danger levels while AVAX gets avalanched under selling pressure. Even ETH and Binance’s golden child BNB aren’t spared, proving once again that in crypto winter, no coin is too big to fail.
Meanwhile, traditional finance bros sip lattes and whisper ’told you so’—as if their 0.5% savings accounts are winning either.
XRP and AVAX Analysis
With falling volumes, buyers have weakened further, leading to losses nearly reaching 4% in altcoins. As Bitcoin
$95,438 braces for another test at $93,000, further decreases in price should not be surprising. Within these scenarios, altcoins are expected to face more declines, urging investors to proceed cautiously.
lost its $2.2 support level. Despite a scheduled CME options listing for this popular altcoin mid-month, the overall negative market sentiment impacts it as well. If the downtrend persists, the next support might be at $2.05, followed by potential bases at $1.98 and $1.9.
In our Friday assessment, when the decline hadn’t yet accelerated, we predicted AVAX would target $19.75. Now, the popular altcoin is nearly at that target. Continued sales might see AVAX creating lower wicks towards $18.5 if BTC falls to $92,000 and below.
Support levels continue down to $16.3.
ETH and BNB Coin
For ETH, we should focus on thechart. With ETH drawing a flat line at the decade-low level of 0.019 BTC, it isn’t promising as similar previous movements led to declines. If altcoins are to surge, the chart shouldn’t precede vertical reversals and should recover the thresholds at 0.024 and 0.037 BTC first, or altcoins will continue suffering.
Compared to other altcoins,is fluctuating within a wider range and is not experiencing excessive losses. However, losing the $590 support while drafting this article is still unfavorable. As the BTC fall supports it, a new decline may be on the horizon, potentially extending to $552 and perhaps probing deeper wicks.
