Bitcoin ($BTC ), Ethereum ($ETH ), Ripple ($XRP ) Weekly Wrap – October 4, 2024

Bitcoin, Ethereum, and XRP faced a tough week due to unfavorable macro conditions. Bitcoin dropped nearly 6%, currently trading at $61,334, and needs to flip $61,868 into support to regain momentum and aim for $65,000. Failing to do so could trigger a decline toward $60,000.

Ethereum fell 9.6%, bouncing off $2,313 support. It now targets the 23.6% Fibonacci Retracement level for recovery, but a drop below $2,313 could push ETH to $2,223.

XRP plunged 18%, but held above the 38.2% Fibonacci level at $0.52. A bounce could drive it to $0.55, but failure to flip that level could lead to consolidation around $0.52.