Bitcoin, ethereum, and ripple extend losses after US CPI surprise
ITF Team3 min read
Bitcoin fell below $73,500, ethereum under $2,050 and ripple slipped toward $1.00 as hotter‑than‑expected US CPI data dampened risk appetite on 11/11/2026.
Key takeaways
- Bitcoin traded at $73,367 on 11/11/2026, below its 200‑day EMA of $76,404.
- Ethereum was at $2,047, under its 50‑day EMA around $2,346.
- Ripple hovered at $1.047, with psychological support at $1.00.
- US CPI came in hotter than expected, triggering risk‑off sentiment across major crypto assets.
On 11/11/2026 Bitcoin (BTC), ethereum (ETH) and ripple (XRP) all extended their declines after the US Consumer Price Index (CPI) posted a hotter‑than‑expected reading. The data lifted inflation expectations, squeezed risk appetite and pushed the three leading cryptocurrencies into bearish territory.
Bitcoin under layered EMA resistance
BTC was quoted at $73,367, comfortably below the 200‑day exponential moving average (EMA) at $76,404. The 100‑day EMA sits at $77,473 and the 50‑day EMA at $78,879, creating a stacked resistance wall that has capped upside momentum.
Technical momentum indicators reinforce the downside bias. The Relative Strength Index (RSI) slipped toward the oversold region around 33, while the MACD remains in negative territory, suggesting that selling pressure is still dominant. The next clear resistance lies at the $85,000 horizontal zone, where prior supply has historically halted rallies.
If Bitcoin breaks lower, the nearest psychological floor is near $70,000, a level that could act as a short‑term support before any rebound.
Ethereum trapped below key EMAs
ETH traded at $2,047, well under its 50‑day, 100‑day and 200‑day EMAs, which cluster between $2,305 and $2,346. The broken upward trendline now serves as resistance around $2,445, adding to the corrective tone.
The RSI is around 29, indicating oversold conditions, but the negative MACD shows that bearish momentum remains in control. Immediate resistance is the 200‑day EMA at $2,305, followed by the 100‑day at $2,326 and the 50‑day at $2,346. A broader barrier sits near $2,400 and the distant ceiling at $2,770.
Support is limited to the horizontal level at $1,823.64, where buyers could attempt to form a floor if the downtrend persists.
Read also: Aud/USD bids near 0.6850 as outlook stays uncertain
Ripple slides toward the $1 psychological level
XRP was priced at $1.047, below its 50‑day ($1.283), 100‑day ($1.297) and 200‑day ($1.362) EMAs. The EMA cluster overhead creates a dense supply zone that caps upside moves.
The RSI sits at 23, deep in oversold territory, yet the MACD stays negative, indicating that bearish pressure outweighs any short‑term bounce. The nearest resistance is $1.160, ahead of a $1.300 horizontal barrier and the EMA cluster.
Psychological support sits at $1.00; a decisive break below could open the path to further declines, while holding above may allow a corrective rally toward the $1.160‑$1.300 zone.
Why the CPI shock matters for crypto
The US CPI figure was above market expectations, reinforcing the view that inflation remains sticky. Higher inflation typically leads to higher real yields on US Treasury bonds, making non‑yield‑bearing assets like cryptocurrencies less attractive to risk‑seeking investors.
As yields rise, capital often rotates from speculative assets into safer, income‑generating instruments, intensifying selling pressure on BTC, ETH and XRP. The technical charts reflect this shift, with multiple EMAs acting as resistance and momentum oscillators staying in bearish zones.
What to watch next
Traders should monitor upcoming US data releases, especially the core CPI and the Federal Reserve’s policy guidance, which could further influence risk sentiment. On the chart side, key levels to watch are:
- BTC: $76,404 (200‑day EMA) and $85,000 horizontal resistance; downside $70,000 support
- ETH: $2,305 (200‑day EMA) and $2,400 resistance; downside $1,823.64 support
- XRP: $1.160 resistance, $1.00 psychological support
Frequently asked questions
How did the US CPI data affect Bitcoin’s price on 11/11/2026?
The CPI came in hotter than expected, raising inflation concerns and prompting a risk‑off shift. Bitcoin fell to $73,367, staying below its 200‑day EMA of $76,404 and extending its bearish bias.
What technical level is considered the main support for XRP right now?
The primary psychological support for Ripple is $1.00. A break below this level could trigger further declines, while holding above it may allow a bounce toward $1.160.
Are the momentum indicators for ethereum indicating a possible reversal?
Ethereum’s RSI is around 29, suggesting oversold conditions, but the MACD remains negative and the price is under all major EMAs, indicating that bearish momentum still dominates.
Official data sources
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This article is compiled from international market news for information only. It is not investment advice.