 ▲ Bitcoin (BTC), Ethereum (ETH), XRP (Ripple)/ChatGPT-generated image © |
Bitcoin, Ethereum, and XRP (Ripple) are continuing their joint weakness after failing to break through key resistance levels, deepening an atmosphere of “extreme fear” across the broader market.
According to investment-focused outlet FXStreet on February 11 (local time), the top three cryptocurrencies were repeatedly rejected at critical resistance zones and have yet to secure clear rebound momentum. This trend is also reflected in CoinMarketCap data as of 1:29 p.m. KST on February 11.
CoinMarketCap data shows Bitcoin (BTC) trading at $67,649, down 2.99% over the past 24 hours and 11.56% on a weekly basis. After failing to break above the $73,072 daily resistance level, the asset has continued its downward trajectory. Technically, the 78.6% Fibonacci retracement level at $65,520—measured from the August 2024 low of $49,000 to the all-time high of $126,199 in October 2025—is being cited as the next major support zone. On the daily chart, the Relative Strength Index (RSI) stands at 31, approaching oversold territory, while the Moving Average Convergence Divergence (MACD) indicator continues to signal bearish momentum.
Ethereum (ETH) is trading at $1,985, down 3.98% over the past 24 hours, with weekly losses reaching 12.75%. Selling pressure has persisted after the asset was rejected at the 78.6% Fibonacci retracement level of $2,149. In the event of further declines, last week’s low of $1,747 is identified as short-term support. Momentum indicators similarly point to a bearish structure, mirroring Bitcoin’s trend.
XRP is trading at $1.39, down 3.18% over the past 24 hours and 12.36% over the week. After retesting the lower trendline of a previously broken descending wedge pattern and failing to break above it, the asset has resumed its decline. In the short term, the weekly support level at $1.30 is being highlighted as the next defensive line. Momentum indicators also maintain a bearish outlook, with no clear signs of a trend reversal.
The Crypto Fear & Greed Index, which reflects overall market sentiment, remains at 9, firmly within the “extreme fear” zone. With all three major assets failing to overcome key resistance levels, whether they can defend their support zones in the near term is expected to serve as a critical turning point for future price direction.
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