- XRP trades near $2.22, staying inside the $1.94 to $2.20 accumulation band while the rest of the market sold fear.
- Bitcoin slipped under $100,000 to $98,900 then bounced to about $101,000, but buyers still need to clear the $109,000 resistance zone.
- Ethereum fell harder than both, sitting near $3,200 as U.S. spot demand weakened, which kept every recovery attempt short.
Bitcoin (BTC) briefly fell below the key psychological mark of $100,000 on Tuesday before rebounding to around $101,000. The move came after a swift sell-off that pushed BTC as low as $98,900, marking its steepest one-day decline since June.
Glassnode data shows the asset reclaimed its 75th percentile cost basis at $99K, but faces critical resistance near the 85th percentile at roughly $109K, a zone that could determine whether the current bounce evolves into a broader recovery.
Sentiment Shocked Lower, Which Often Precedes A Bounce
According to Santiment, the crash caused panic across social media, with mentions of “100K” and “btc” dominating trending topics. The firm noted that Tuesday ranked as the third most bearish day in the past six months, judging by the ratio of positive to negative comments across crypto-related posts.
Related: China Suspends 24% US Tariff; Bitcoin Immediately Reclaims $100,000
Ethereum Stayed The Weakest Of The Big Three
Ethereum (ETH) mirrored this downturn, plunging over 17% to test the $3,090 level before stabilizing near $3,200. Traders are increasingly calling for sub-$3K ETH, which historically aligns with price reversals.
As Santiment highlights, spikes in Fear, Uncertainty, and Doubt (FUD) have often preceded short-term rebounds in both BTC and ETH.
Related: ETH Whales Buy the Dip as Ethereum Revisits $3K: Where Are Prices Headed?
XRP Defends $2; Keeps Its Bullish Structure Intact
While Bitcoin and Ethereum reacted to liquidations, XRP held steady near $2.22 and did not break its support band. Analysts marked $1.94 as the lower edge of an accumulation area and said the structure stays constructive as long as XRP price support holds above $2.
Prominent cryptocurrency analyst Ali Martinez explained this range as a strong accumulation zone, arguing that as long as XRP remains above $1.94, its long-term structure remains bullish.
XRP’s relative strength on a red market day tells traders there is real positioning under XRP, not just momentum. It also means if the market turns up, XRP is starting from a better base.
Ripple’s Institutional Push Adds Depth to XRP Narrative
Meanwhile, Ripple Labs continues to strengthen its institutional presence with the debut of Ripple Prime, a new digital asset prime brokerage platform for US institutions following its acquisition of Hidden Road.
The platform enables OTC spot trading for major digital assets including XRP, RLUSD, and others, a move viewed as part of Ripple’s preparation for a potential XRP ETF launch.
Ripple’s rollout of institutional services gives large buyers a clean channel to source XRP away from the noise. This extra depth explains why XRP did not follow BTC and ETH down the chart. It also aligns with the broader push toward XRP-based products, which supports a medium term bullish view even when daily sentiment is negative.
If Bitcoin can break through $109,000 this week, that would lift pressure off Ethereum and let XRP’s resilience show up even more clearly. Until then, crypto gains today can be narrowed down to BTC and ETH trading the panic, while XRP trades the build out.
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