- Bitcoin falls beneath the lower boundary of its consolidation range on Monday, and a decisive close below this level could open the door to a more pronounced correction.
- Ethereum drops under $1,900, marking a continuation of its six-week decline.
- XRP dips below $1.40, unable to hold support at the lower edge of its trendline channel.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) continue to weaken on Monday after posting modest losses last week. BTC has slipped beneath the $65,000 consolidation floor, while ETH has fallen under $1,900, both marking a sixth consecutive week of declines. Meanwhile, XRP drops below $1.40, failing to hold support at its lower trendline — collectively signaling the risk of a deeper correction across the top three cryptocurrencies.
Bitcoin breaks below consolidation support
Bitcoin had been trading within a sideways range between $65,729 and $71,746 since February 7. On Monday, BTC moved below the lower boundary of this range, changing hands near $64,700.
A confirmed daily close beneath $65,729 would strengthen the bearish case and could open the path toward the next major support around $60,000.
On the daily chart, the RSI stands at 31, hovering close to oversold territory and reflecting strong downside momentum. Meanwhile, the MACD lines are tightening, suggesting growing indecision in the market.
BTC/USDT
However, if BTC manages to reclaim and hold above the $65,729 level, a rebound toward the upper boundary of the range at $71,746 remains possible.
Ethereum extends its correction
Ethereum continued to edge lower last week, prolonging its slide that began in mid-January. As of Monday, ETH is down 4.77%, trading around $1,864.
A daily close beneath the lower consolidation boundary at $1,747 would reinforce the bearish outlook and could drive prices toward the next key support at $1,669.
Similar to Bitcoin, Ethereum’s RSI points to strengthening downside momentum, while the MACD lines are narrowing, reflecting growing uncertainty among market participants.
ETH/USDT
On the flip side, a recovery from current levels could see ETH rebound toward the upper end of its consolidation range near $2,149.
XRP deepens its pullback after breaking below key lower trendline support.
XRP is hovering below $1.40 on Monday after slipping beneath the lower boundary of a falling wedge pattern.
Should the pullback persist, the token may slide further toward the weekly support around $1.30.
Similar to Bitcoin and Ethereum, XRP’s RSI points to building bearish pressure, while the MACD lines are tightening, signaling trader uncertainty.
XRP/USDT
On the other hand, if price manages to reclaim and hold the lower trendline as support, a rebound toward the psychological $1.50 level could follow.
Sources: Manish Chhetri
THE ETERNAL SOVEREIGN 
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