BTC, ETH, and XRP at Turning Points: Major Breakout or Deep Correction Coming Next?

The cryptocurrencies may deliver substantial gains, but only under the right conditions. The past week has been quite turbulent for Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), as they all ultimately posted losses during that period. Analyst Ali Martinez believes these digital assets have reached pivotal points, where their next major move will likely depend on key technical structures and crucial levels. Here’s what market participants need to monitor. BTC and ETH The primary cryptocurrency currently trades around $82,500 (per CoinGecko) after briefly tumbling below $80K last week. Martinez said the important level now is $81,000, which marks the lower boundary of the asset’s daily rising channel. He maintained that if buyers defend it, BTC could rebound to the structure’s mid-range at $84,000 and then to the upper barrier at $86,500. At the same time, Martinez warned that a break below $81,000 could result in a deeper decline toward $76,000. The analyst then shifted his attention toward ETH, arguing that it has a similar test at $2,350 (the support line of a right-angled ascending broadening pattern). Martinez thinks that a bounce from that mark could push the asset’s price t...