{"id":62902,"date":"2025-11-14T08:17:55","date_gmt":"2025-11-14T08:17:55","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-crashes-below-97000-xrp-down-9-eth-plunges-11\/"},"modified":"2025-11-14T08:17:55","modified_gmt":"2025-11-14T08:17:55","slug":"bitcoin-crashes-below-97000-xrp-down-9-eth-plunges-11","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-crashes-below-97000-xrp-down-9-eth-plunges-11\/","title":{"rendered":"Bitcoin crashes below $97,000, XRP down 9%, ETH plunges 11%"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bitcoin-price-1-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bitcoin-price-1-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bitcoin-price-1-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/10\/bitcoin-price-1-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul data-start=\"275\" data-end=\"499\">&#13;<\/p>\n<li data-start=\"275\" data-end=\"347\">&#13;\n<p data-start=\"277\" data-end=\"347\">Bitcoin falls below $100,000, signalling potential for deeper losses.<\/p>\n<p>&#13;\n<\/li>\n<p>&#13;<\/p>\n<li data-start=\"348\" data-end=\"425\">&#13;\n<p data-start=\"350\" data-end=\"425\">Ethereum and XRP struggle at key resistance levels amid bearish momentum.<\/p>\n<p>&#13;\n<\/li>\n<p>&#13;<\/p>\n<li data-start=\"426\" data-end=\"499\">&#13;\n<p data-start=\"428\" data-end=\"499\">Canary Capital\u2019s XRP ETF records $58 million in debut trading volume.<\/p>\n<p>&#13;\n<\/li>\n<p>&#13;\n<\/ul>\n<p>Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) traded in negative territory on Friday, extending the week\u2019s losses as bearish sentiment continued to grip the cryptocurrency market.<\/p>\n<p>Bitcoin has fallen more than 5%, Ethereum over 10%, and XRP around 2% so far this week, with each facing strong technical resistance.<\/p>\n<p>Bitcoin slipped below the $100,000 psychological level, signalling that bears remain in control.<\/p>\n<p>The leading cryptocurrency faced rejection at the 38.20% Fibonacci retracement level at $106,453, drawn from the April 7 low of $74,508 to the October 6 all-time high of $126,299.<\/p>\n<p>BTC has declined nearly 6% since Monday and is currently trading around $96,300.<\/p>\n<p>If Bitcoin continues its correction and closes below support at $97,460, analysts see potential for further downside toward $95,000.<\/p>\n<p>The Relative Strength Index (RSI) at 35\u2014well below the neutral 50\u2014indicates mounting bearish pressure, while the Moving Average Convergence Divergence (MACD) shows a bearish crossover, reinforcing the sell signal.<\/p>\n<p>If BTC manages to stabilise, however, a recovery toward $106,453, the key Fibonacci resistance level, remains possible.<\/p>\n<h3 class=\"wp-block-heading\">Ethereum faces rejection, eyes a deeper pullback<\/h3>\n<p>Ethereum\u2019s (ETH) correction intensified after the token faced rejection near its broken trendline resistance at $3,592 on Monday, dropping roughly 10% over three days.<\/p>\n<p>As of Friday, ETH trades around $3,200.<\/p>\n<p>Should Ethereum close below the $3,170 support level, analysts anticipate a further decline toward $3,017, a major daily support zone.<\/p>\n<p>Both RSI and MACD indicators are pointing to growing bearish momentum, suggesting that Ethereum\u2019s downturn may not be over yet.<\/p>\n<p>If ETH manages to rebound, a recovery toward the 38.20% Fibonacci retracement level at $3,592 would be the next upside target.<\/p>\n<h3 class=\"wp-block-heading\">XRP slides below key support as ETF launch steals spotlight<\/h3>\n<p>XRP began the week with a strong 6.75% rally on Monday, retesting the 50-day EMA at $2.53, but failed to sustain the move.<\/p>\n<p>After multiple rejections from the same level, XRP fell 2.5% on Thursday, closing below support at $2.35. As of Friday, it trades near $2.30.<\/p>\n<p>If the downtrend continues, XRP could decline further toward the next major support at $1.96. Both RSI and MACD show bearish bias, with the latter reflecting indecision among traders.<\/p>\n<p>Despite the pullback, XRP grabbed headlines this week with the launch of Canary Capital\u2019s XRP ETF (ticker: XRPC), which debuted Thursday to record-breaking volume.<\/p>\n<p>According to Bloomberg\u2019s senior ETF analyst Eric Balchunas, XRPC generated $58 million in first-day trading, the highest debut among nearly 900 ETF launches this year.<\/p>\n<p>Balchunas noted that the XRP ETF reached $26 million in its first hour, surpassing the prior record set by Bitwise\u2019s Solana ETF (BSOL), which recorded $57 million on its debut day and $72 million on its second.<\/p>\n<p>\u201cThe two of them are in a league of their own,\u201d Balchunas said on X, referring to XRPC and BSOL as standout performers in this year\u2019s ETF market.<\/p>\n<p>If XRP manages to regain momentum and close above $2.35, it could trigger a recovery toward the 50-day EMA at $2.53.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-crashes-below-97000-xrp-down-9-eth-plunges-11\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) &#13; &#13; Bitcoin falls below $100,000, signalling potential for deeper losses. &#13; &#13; &#13; Ethereum and XRP struggle at key resistance levels amid bearish momentum. &#13; &#13; &#13; Canary Capital\u2019s XRP ETF records $58 million in debut trading volume. &#13; &#13; [&hellip;]<\/p>\n","protected":false},"author":3947362387,"featured_media":62903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/62902"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362387"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=62902"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/62902\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/62903"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=62902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=62902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=62902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}