Bitcoin, ethereum, xrp decline as US CPI looms
ITF Team3 min read
Bitcoin slides below $75,000, ethereum near $2,100 and XRP under $1.10 as traders await the US CPI report on 11/10/2026.
Key takeaways
- Bitcoin traded at $74,743 on 11/10/2026, below the 200‑day EMA of $76,457.
- Ethereum was priced at $2,113, under its 200‑day EMA of $2,301.
- XRP hovered at $1.09, well under the 50‑day EMA of $1.29.
- The US CPI for October is expected to rise 0.3% month‑on‑month.
On 11/10/2026 the crypto market extended its sell‑off, with Bitcoin slipping under $75,000, Ethereum edging toward $2,100 and Ripple staying below the $1.10 ceiling. The move comes ahead of the US Consumer Price Index (CPI) release, a key gauge that will shape the Federal Reserve’s December rate decision.
Technical backdrop for Bitcoin
Bitcoin was quoted at $74,743, a level that sits beneath the 200‑day EMA ($76,457), the 100‑day EMA ($77,575) and the 50‑day EMA ($79,141). The SuperTrend line at $81,375 adds another ceiling, reinforcing a bearish near‑term bias. Momentum indicators are weak – the RSI hovers around 36 and the MACD remains negative – suggesting that downside pressure, while easing, has not been exhausted.
With no clear daily‑timeframe support, the next resistance lies at the 200‑day EMA. A decisive break above $76,457 could relieve selling pressure, but failure would keep the market vulnerable to a retest of the $70,000 psychological barrier.
Ethereum’s struggle under moving averages
Ethereum traded at $2,113, comfortably below its 200‑day EMA of $2,301 and the upward‑sloping trendline break at $2,229. The 100‑day ($2,333) and 50‑day ($2,361) EMAs, together with a SuperTrend near $2,391, form a layered resistance zone that caps rally potential.
The RSI is just above oversold territory and the MACD stays negative, indicating persistent downside bias. Without a strong floor, a break under $2,113 could open the path to deeper declines, while a sustained move above $2,229 would be needed to shift sentiment.
Read also: Gold slides below $4,100 as Fed hike bets tighten market
XRP caught in a stacked resistance complex
Ripple’s price of $1.09 sits under a tight cluster of EMAs – 50‑day at $1.29, 100‑day at $1.30 and 200‑day at $1.35 – and the SuperTrend line at $1.26. The RSI at 26 is deep in oversold territory, but the MACD remains below zero, showing that selling pressure is still dominant.
The immediate ceiling is the SuperTrend level around $1.26, followed by the EMA band at $1.29‑$1.30. With no near‑term support on the chart, any bounce will likely be tested against this resistance complex, keeping XRP in a fragile position.
Macro drivers: US CPI and Fed expectations
Traders are focused on the US CPI report due later on 11/10/2026. Economists surveyed by Dow Jones and Bloomberg forecast a 0.3% month‑on‑month rise for October, with core CPI expected to increase 0.2%. The data will inform the Fed’s December policy meeting, where markets largely anticipate a 25‑basis‑point hike after holding rates steady in the 3.75‑4.00% range in October.
A higher‑than‑expected CPI could reinforce risk‑off sentiment, pressuring crypto further, while a softer reading might ease the sell‑off and give the technicals a chance to rebound.
What to watch next
Key levels to monitor include Bitcoin’s $76,457 200‑day EMA and the $70,000 psychological floor; Ethereum’s $2,229 trendline break and $2,301 200‑day EMA; and XRP’s $1.26 SuperTrend barrier. On the macro side, the October CPI release and the Fed’s December decision will be the primary catalysts for the next price moves.
- Bitcoin support: $70,000; resistance: $76,457
- Ethereum support: $2,113; resistance: $2,229
- XRP support: none clear; resistance: $1.26‑$1.30
- US CPI expected: +0.3% MoM for October
Frequently asked questions
Why did Bitcoin fall below $75,000 on 11/10/2026?
Bitcoin slipped to $74,743 as it stayed under its 200‑day EMA ($76,457) and other key moving averages, while the RSI and MACD indicated weak momentum. The broader risk‑off mood ahead of the US CPI report added selling pressure.
How does the upcoming US CPI report affect crypto prices?
The CPI data will guide the Federal Reserve’s December rate decision. A higher inflation reading could sustain risk‑off sentiment, pushing crypto lower, whereas a softer CPI could reduce pressure and allow prices to test technical resistance levels.
Official data sources
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This article is compiled from international market news for information only. It is not investment advice.