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The post <a href="https://coinpedia.org/price-analysis/how-low-can-btc-eth-and-xrp-price-crash/">How Low Can BTC, ETH, And XRP Price Crash?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Amid intensified bearish sentiment in the cryptocurrency market, the price of Bitcoin broke down its important support trendline of $58,000. Furthermore, with the shares of Nvidia bleeding, Artificial Intelligence (AI) has experienced a major blow. 
On the other hand, top altcoins continue struggling to hold the values above their crucial support levels. 
In this write-up, we have highlighted various technical and social sentiments of the top 3 cryptocurrencies along with their possible short-term price targets. 
<h2 class="wp-block-heading" id="h-bitcoin-price-tests-its-crucial-lower-zone">Bitcoin Price Tests Its Crucial Lower Zone</h2> 
The BTC price has dropped 4.09% within the past day with a trading volume of $33.404 Billion with the rising volatility in the market. Moreover, it has plunged 5.51% over the past week. This has resulted in it hovering close to its support zone around the $56,500 level. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXf_Scn_V6PBTspO495eMMfN3WcLQdPr-ox94JNeMJkVO9XO5vXD6Qwl8sZOHY7ZSO7-gQtGitbrqJIcdr5G2OByGvsiLKZaGMfliokknUFfXAiIisE9Sg8X4g-ME8IlYIhdJ9jk7rfr_Hhr7UtnMKhnoG30?key=Eow2CErhdy00fC09gTOiiQ" alt="Bitcoin Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: BTC/USDT
 </figcaption>
</figure> 
The EMA 50/200-day has recorded a constant downtrend in the 1D time frame. Furthermore, it highlights a high possibility of a Death Cross, indicating a strong bearish sentiment in the crypto market. 
Maintaining the price above its crucial support level could result in it retesting its $60,000 mark during the upcoming weeks. However, if the bears continue to dominate the market, the Bitcoin price could plunge toward its low of $53,500.&nbsp; 
Read our <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin Price Prediction</a> for long-term targets 
<h2 class="wp-block-heading" id="h-ethereum-price-experiences-increased-bearish-action">Ethereum Price Experiences Increased Bearish Action</h2> 
With a drop of approximately 5% within the past day, the second-largest cryptocurrency by market cap has plunged below its important support level of $2,500. Moreover, it has plunged 17.96% over the past month, highlighting a long-term bearish influence. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdwzLbVHw39NM-ioX5dTV8ZKY8V8qWepRpcoLGdI4niMCMBZGkhmFcNUw2d3ICKBudWqV9_IQ1U3NY_dpMVLrUhHbRx6md90kE6aHtCfnBxtpMxt2jq4bd50u_BVqf4hxDsvbapKKXnBEcQ7C_rswqtPURN?key=Eow2CErhdy00fC09gTOiiQ" alt="Ethereum Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: ETH/USDT
 </figcaption>
</figure> 
The Moving Average Convergence Divergence (MACD) has displayed a rising red histogram with a negative convergence in its 1D time frame. Further, with a bearish SMA, the ETH price may continue losing value this week. 
If the bulls regain momentum, the Ethereum price will head toward its resistance level of $2,530. However, with a bearish action, the altcoin leader may retest its crucial support level of $2,175. 
<h2 class="wp-block-heading" id="h-ripple-price-hovers-close-to-its-important-support">Ripple Price Hovers Close To Its Important Support</h2> 
Despite recording a long-term bullish sentiment, the XRP price has dropped 3.12% within the past day and 5.16% over the past week. Moreover, the Ripple crypto is on the verge of testing its crucial support, the outcome of which is uncertain. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdLb8dxcoVO27qB-Mm10bZSec9HBZHOZJ7mOgwOaIOO8aoiEHiWt-CRIUoR8vzhC6TCswzFNCwz9RJYHk-JOxvDFtgXlle2GhP7iM9AuSuDrwqN4w_I7bQ0HFF93Flq9XqY-Ubt_VAVBtodUSK2ZyT2OOIg?key=Eow2CErhdy00fC09gTOiiQ" alt="Ripple Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: XRP/USDT
 </figcaption>
</figure> 
The Relative Strength Index (RSI) has failed to breach its neutral point. This has resulted in it recording a sharp bearish reversal. Further, the EMA 50/200-day shows a negative trend. This indicates a bearish outlook for the XRP price this week. 
If the market regains momentum, the Ripple price will breach its support zone and prepare to test its $0.60 level. On the flip side, if the bears overpowered the bulls, the XRP coin price would bleed toward its lower support level of $0.4880. 
Concerned about XRP’s future? Read our <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">Ripple (XRP) Price Prediction</a> for future insights!

How Low Can BTC, ETH, And XRP Price Crash?

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