Bitcoin, ethereum and ripple stay bearish, falling 4‑6‑10% last week; BTC at $75,530, ETH near $2,155 and XRP $1.12, with key supports at $70k, $2k and $1.00.

Bitcoin, ethereum and ripple remained in bearish territory on Wednesday, 9 Nov 2026, after each logged weekly declines of 4%, 6% and 10% respectively. The trio’s price action reflects continued downside pressure following the U.S. mid‑term election shock and a series of technical failures to break key moving‑average barriers.

Bitcoin under the 200‑day EMA, next support at $70,000

BTC was quoted at $75,530 on Monday, holding below the 200‑day exponential moving average (EMA) of $76,463. That EMA now acts as the nearest resistance, followed by the 100‑day EMA at $77,635 and the 50‑day EMA near $79,327. The price is also trapped beneath a horizontal resistance line at $85,000, a level that would need to be reclaimed for a bullish reversal.

Momentum indicators confirm the bearish bias: the Relative Strength Index (RSI) lingered in the high‑30s and the MACD remained in negative territory, suggesting sellers still dominate dip‑buying interest. With no strong support mapped just below the current price, a break beneath $75,530 could accelerate the move toward the psychological $70,000 floor, a level that has historically anchored short‑term rebounds.

• 200‑day EMA resistance: $76,463
• 100‑day EMA resistance: $77,635
• 50‑day EMA resistance: $79,327
• Key downside target: $70,000

Ethereum slides under key EMAs, $2,000 support in focus

ETH traded around $2,155 on the same day, staying well under its 200‑day EMA of $2,311, the 100‑day EMA of $2,337 and the 50‑day EMA of $2,372. The break of an upward‑sloping trendline near $2,432 removed a prior bullish scaffold, leaving the asset in a corrective phase.

The RSI hovered near 35 while the MACD stayed negative, both pointing to lingering downside momentum rather than a capitulation. Immediate resistance is clustered around the 200‑day EMA ($2,311) and the 100‑day EMA ($2,337), with a more pronounced horizontal barrier at $2,400. On the downside, the $2,000 psychological level and the earlier horizontal base at $1,823 constitute the next meaningful support zones.

• 200‑day EMA resistance: $2,311
• 100‑day EMA resistance: $2,337
• Key downside support: $2,000
• Previous base: $1,823

Read also: Market overview: oil, crypto and stocks react to data and politics

Ripple trapped below EMA cluster, $1.00 psychological floor

XRP was priced at $1.119, well beneath a tight EMA cluster that spans $1.303‑$1.368 (50‑day to 200‑day). The RSI at 28 places the token in oversold territory, while the MACD remains negative, indicating that selling pressure outweighs any short‑term buying bounce.

The first resistance level appears at $1.160, followed by a stronger cap near $1.300 and the EMA cluster ($1.303‑$1.308). Higher barriers sit at $1.540 and $1.900. Downside, the $1.00 psychological handle is the nearest support; a breach would likely expose XRP to a deeper bearish extension.

• Immediate resistance: $1.160
• EMA cluster resistance: $1.303‑$1.308
• Key support: $1.00
• Higher resistance: $1.540

What drives the current crypto weakness?

The U.S. mid‑term elections on 8 Nov 2026 delivered a clear Democratic sweep of both chambers, prompting concerns over tighter regulatory scrutiny and potential fiscal policy shifts. Those concerns triggered a sell‑off in U.S. technology stocks, which in turn sparked liquidations across leveraged crypto positions, amplifying the downward move in BTC, ETH and XRP.

In addition to the political shock, macro‑economic variables continue to weigh on risk assets. A stronger U.S. dollar, reinforced by the Federal Reserve’s hawkish stance, reduces the appeal of non‑yield‑bearing assets such as cryptocurrencies. The combined effect of a firm dollar index and subdued risk appetite has kept the RSI low and MACD negative across the three assets.

What to watch next

Traders should monitor the $70,000 level for Bitcoin; a decisive break could open a path toward $65,000, while a bounce above the 200‑day EMA would re‑ignite a short‑term rally. For Ethereum, the $2,000 zone is the critical test—holding above it may invite buying interest, whereas a slip could see the price revisit $1,800.

Ripple’s next move hinges on whether it can sustain above $1.00. A bounce back to the $1.160 resistance would suggest a temporary pause, but failure to hold $1.00 could push the token toward the $0.90‑$0.80 range. Upcoming data releases, such as the U.S. non‑farm payrolls on 13 Nov 2026 and the CPI report on 15 Nov 2026, may also influence the dollar and, indirectly, crypto risk sentiment.

• Bitcoin next test: $70,000 (down) or $76,463 (up)
• Ethereum next test: $2,000 (down) or $2,311 (up)
• Ripple next test: $1.00 (down) or $1.160 (up)
• Key macro data: US NFP 13 Nov, US CPI 15 Nov

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This article is compiled from international market news for information only. It is not investment advice.