The crypto market remains under pressure this week as Bitcoin, Ethereum, and XRP struggle to recover from last week’s brutal selloff. The broader risk-off sentiment, triggered by global tariff tensions and capital flight from risk assets, has weighed heavily on large-cap cryptocurrencies, pushing Ethereum to a fresh two-year low while BTC and XRP hover near their 2025 bottom ranges.
With momentum indicators still deeply bearish, traders are bracing for another volatile week.
Bitcoin is attempting to rebound from last week’s dip toward $73,700, but the recovery has stalled around $79,800, where overhead resistance remains stiff. With the halving narrative losing momentum and macro headwinds still in play, BTC’s upside may stay capped without a clear catalyst.
Unless Bitcoin clears the $81K barrier with volume, traders should expect more chop between $74k and $80k heading into mid-April.
Ethereum has broken below the key $1,563 level, marking a fresh multi-year low, with RSI now deeply oversold at 28.31. The selloff has intensified as confidence in ETH’s short-term utility fades amid delays in scaling upgrades and network congestion concerns.
A break below $1,417 could open the door to $1,200, last seen in mid-2022. Only a reclaim of $1,756 would signal meaningful recovery.
XRP is holding just above its $1.6405 support, but the broader structure has flipped bearish after failing to reclaim the $1.95–$2.11 resistance zone. Sentiment around Ripple remains mixed as legal uncertainties and stagnant adoption continue to weigh on price action.
A confirmed breakdown under $1.64 could accelerate the drop to $1.30, while any recovery would need to break and close above $2.11.
This week’s price action shows that crypto bulls are still on the back foot, with Ethereum setting new lows and Bitcoin showing no clear breakout energy. Until sentiment shifts and macro pressures ease, expect more downside tests and tight range trading.
Keep eyes on BTC $81K, ETH $1,417, and XRP $1.64 — all critical make-or-break zones this week.
This post was last modified on Apr 08, 2025, 15:37 BST 15:37