Crypto Today: Bitcoin, Ethereum, XRP fall further as market attention turns to US CPI

• Selling pressure takes Bitcoin below $75,000 on Tuesday as markets await US CPI data.
• Weakening momentum indicators keep Ethereum under pressure near $2,100.
• With gains firmly capped, XRP trades below $1.10 as its decline extends to a sixth consecutive day.

Selling pressure is building across cryptocurrencies on Tuesday. Bitcoin (BTC) remains below $75,000, while Ethereum (ETH) drifts towards $2,100 and Ripple (XRP) stays just beneath immediate resistance at $1.10.

Can US CPI data shift sentiment as risk appetite weakens? 

Risk aversion continues to weigh on interest in crypto-related digital investment products. On Tuesday, the Fear & Greed Index stands at 32, remaining in Fear territory despite a modest rise from 29 in the same range a day earlier. The wider decline from last month's reading of 61 in Greed territory underscores the risk-off mood.

Attention across the crypto market is turning to the United States (US) Consumer Price Index (CPI) report, due from the Bureau of Labor Statistics (BLS) later on Tuesday. As a key measure of inflation, the release informs monetary policy decisions at the Federal Reserve (Fed).

An October CPI increase of 0.3% is expected by economists polled by Dow Jones and Bloomberg. Their forecast for core CPI, which strips out volatile food and energy prices, is a 0.2% rise over the previous month.

The release precedes the Fed's December interest rate decision, for which market participants widely anticipate a 25 basis-point interest rate move. In October, rates were left unchanged within the 3.75-4.00% range.

Technical analysis: Can Bitcoin regain $75K as bears tighten their grip?

Trading at $74,743, Bitcoin remains in a corrective phase, with its position below the main Exponential Moving Averages (EMAs) maintaining a bearish near-term outlook. Overhead resistance includes the 200-day EMA at $76,457, the 100-day EMA near $77,575 and the 50-day EMA around $79,141. This positioning suggests that the broader uptrend is under challenge, with the SuperTrend line at $81,375 providing an additional ceiling.

Intermittent rebounds have yet to dispel the weakness in momentum. The Relative Strength Index (RSI) is close to 36 and the Moving Average Convergence Divergence (MACD) remains negative, indicating that downward pressure has not yet run its course.

The first resistance hurdle is the 200-day EMA around $76,457, with the 100-day EMA at $77,575 next in line. A sustained break above the latter would be required to relieve immediate selling pressure. Beyond these levels, a wider supply zone comprises the 50-day EMA near $79,141 and the SuperTrend barrier at $81,375, which would likely restrain advances unless buyers decisively regain control.

The daily chart offers no notable support levels. Unless Bitcoin recovers above these overhead averages, the balance of risks points to further weakness or a retest of lower levels towards $70,000.

In an analysis report sent by email, Crypto Finance said, "Should the macro backdrop improve, we would expect BTC to retest $76,300 first, followed by $78,700. On the downside, the market remains fragile, with limited support below $73,700," and added, "A break lower would bring the August 2026 levels back into focus, with the psychological $70,000 mark the key level to watch."

Ethereum technical analysis: Can ETH loosen the bears' grip?

At $2,113, Ethereum continues to show a distinctly bearish near-term bias. It remains below the $2,229 break point of its upward-sloping support trendline and well beneath the 200-day EMA at $2,301. Further overhead, the 100-day EMA at $2,333, the 50-day EMA at $2,361 and SuperTrend resistance near $2,391 together suggest limited room for rallies. Negative MACD readings and an RSI just above oversold territory point to continuing downside pressure, although short-covering rebounds remain a risk.

The broken trendline around $2,229 presents the first resistance test, followed by the 200-day EMA at $2,301. Only a sustained advance above these levels would ease the prevailing bearish bias and bring the 100-day EMA at $2,333 and the 50-day EMA at $2,361 into view. The more distant SuperTrend barrier stands at $2,391.

None of the indicators under review identifies nearby structural support below the market, leaving the latest low near the current trading area as a provisional floor. A decisive breach of $2,113 would pave the way for a deeper decline. ETH therefore remains vulnerable as long as it stays below all major moving averages and trend resistance.

Technical analysis: Can XRP interrupt its persistent downtrend?

At $1.09, XRP retains a bearish bias, trading well beneath both the EMA cluster and the active SuperTrend line. The overhead 50-day EMA at $1.29, 100-day EMA at $1.30 and 200-day EMA at $1.35 reinforce the constraints on any advance. Adding to that resistance is the SuperTrend at $1.26.

A MACD reading below zero continues to signal weak momentum, while the RSI has slipped into oversold territory at 26. Together, these indicators suggest that selling pressure is stretched, but has yet to reverse.

The SuperTrend around $1.26 is the first resistance hurdle. Beyond it lies a dense structural band comprising the 50-day EMA at $1.29 and the break point of the downward resistance trendline at $1.30. Higher still, the 100-day EMA at $1.30 precedes the 200-day EMA near $1.35, a more substantial obstacle to a sustained recovery.

No nearby support is evident in the current set of indicators, leaving the pair exposed beneath these layered resistance levels. Any rebound would likely encounter difficulty on approaching the $1.26-$1.30 region, where the first overhead technical barriers are concentrated.

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