Why Are Bitcoin, Ethereum, and XRP Down Today? Where Will They Go Next

Bitcoin, Ethereum, XRP Price Prediction: BTC Slips Below $80K Today

The Bitcoin, Ethereum, XRP price prediction picture turned choppy this week as last week's double-digit rally lost steam.

Bitcoin briefly topped $80,000 overnight before slipping back under the mark early Tuesday. Ethereum and XRP followed with mild pullbacks of their own.

In today's crypto news, the BTC price today sits near $79,000, the ETH price today is close to $2,467, and the XRP price today hovers around $1.438.

 The other is a jump in bets that the Federal Reserve could raise rates in September, which is an unusual signal during a rally.

Traders are booking profits after a fast run higher. Nearly 79,000 traders got liquidated in the past 24 hours, and the market is now watching today's US inflation print for its next cue.

This latest Bitcoin, Ethereum, XRP price prediction leans on chart structure rather than guesswork, so the levels below matter more than the headlines.

Why Are Bitcoin, Ethereum, and XRP Down Today?

Bitcoin jumped 23% in the past week. The move started after the Treasury Department said it would raise longer-dated bond buybacks. President Trump's push for the Clarity Act, a crypto regulation bill, added fuel too.

But the rally is now cooling off. Bitcoin touched $80,995 before turning lower and sliding back near $79,000.

Ethereum eased about 0.72% over the past day to trade near $2,467. The altcoin slipped under $1.45 and is now consolidating close to $1.438.

Part of the pressure comes from today's PCE inflation data. The prior reading was 3.7%, and forecasts point to 3.6%. A hotter number could push traders into risk-off mode, while a cooler print may support another leg higher for crypto.

This is also the last inflation report before Fed official Kevin Warsh speaks at Jackson Hole on Friday, so traders are staying cautious.

Why Did Bitcoin Get Rejected at $81,300?

Bitcoin ran straight into a daily bearish order block sitting between $80,000 and $83,000. After tapping $81,300, price turned down and closed the daily candle as an inverted hammer.

That candle pattern often signals buyers are losing energy near resistance. Right now, the key resistance levels sit between $80,000 and $83,000, and chart watchers say that zone stays a tough wall unless Bitcoin can close above $83,000 on a higher timeframe.

If that bearish setup plays out, the next area of interest sits far lower, closer to $55,000 to $50,000, where old liquidity may still be sitting unclaimed. A confirmed daily or weekly close above $83,000 would flip this outlook.

What Caused the Crypto Market Liquidations Today?

CoinGlass data shows total liquidations across the crypto market reached $323.90 million in 24 hours. Bitcoin alone accounted for $109.82 million, followed by Ethereum at $66.42 million. XRP, Solana, and ZEC also saw sizable losses.

Long positions took the bigger hit, making up 78.96% of liquidated traders. Long liquidations totaled $267.39 million against $56.50 million in shorts. The single largest order was an $11.91 million liquidation on Binance's BTC/USDT pair.

Bitget analyst Ryan Lee said the current dip is not alarming on its own, but it is a real test of whether last week's rally still has staying power.

What Is the Ethereum Price Prediction Today?

Ethereum's next move hinges on a weekly close above $2,550. Chart watchers see that as the level to beat.

A strong close above $2,550 on solid volume could open the door toward $2,800. From there, $3,000 to $3,250 becomes the next logical stop.

A move past $3,250 would mark a firmer break from the multi-month range, which could eventually bring $3,750 to $4,000 into view.

On the downside, losing the $2,080 support on a weekly close would weaken the bullish case. That could send price back toward the $1,600 to $1,800 zone, where buyers stepped in earlier this year.

What Is the XRP Price Prediction Today?

The altcoin closed last week below its 50-week EMA near $1.54. Reclaiming that level would help invalidate further weakness.

On the 1-hour chart, the altcoin is trading around $1.438, just under the 20 EMA at $1.450 and the 50 EMA at $1.465. RSI sits near 40.5, which points to weak momentum without being deeply oversold.

If the price stays below the $1.45 to $1.47 resistance zone, a retest of $1.42 to $1.40 looks likely. A break under $1.40 could open a path toward $1.35 to $1.36, close to the 200 EMA.

On the bullish side, a strong 1-hour close above $1.47 could flip the short-term picture and push XRP toward $1.50 to $1.55.

The main XRP support levels to watch remain the $1.42 to $1.40 zone in the near term, and $1.35 to $1.36 if selling picks up further.

Key Price Levels to Watch

What's Next for the Crypto Market?

Today's PCE print is the next big catalyst. A number below 3.6% could support another push higher for Bitcoin, Ethereum, and XRP. A hotter reading could add to the current pullback.

Traders are also watching Kevin Warsh's speech at Jackson Hole on Friday for hints on where interest rate policy is headed next. Until then, this Bitcoin, Ethereum, and XRP price prediction leans toward consolidation, with clear levels on both sides that could decide the next big move.

None of these levels guarantee a specific outcome. They are technical zones based on current chart structure, not fixed forecasts.

Disclaimer

This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets are highly volatile, and prices can move sharply in either direction. Always do your own research and consult a licensed financial advisor before making any investment decisions. Past performance and technical chart patterns do not guarantee future results.