Bitcoin, XRP Pull Back, Are the Bulls Still in the Game?

1. Market Overview: Mild Correction or True Reversal?

After several weeks of rapid gains, the crypto market is entering a “cooling off” phase. Bitcoin has pulled back to $117,000 after failing to break the $121K resistance, while XRP dropped 8.3%, sliding to $3.25.

But don’t panic — technical indicators suggest this could simply be a breather before the next leg up, not a trend reversal.

2. Bitcoin (BTC) Analysis: Uptrend Still Strong

Bitcoin price data

•  - Current Price: $117,763

•  - Major Resistance: $121,000 – $123,091

•  - Key Support: $115,000 and $112,000

Key Technical Indicators:

•  - ADX = 29 → Trend strength remains confirmed

•  - RSI = 60 → Market not overbought, room to rise further

•  - 50-day EMA = $110,976, 200-day EMA = $88,217 → Both below price → “Golden. Cross” pattern

Conclusion: Bitcoin is experiencing a healthy correction within a strong uptrend. Holding above major EMAs suggests bulls are still in control.

3. XRP Analysis: Pullback After New High

XRP price data

•  - Current Price: $3.25

•  - Recent High: $3.60

•  - Major Resistance: $3.48 – $3.60

•  - Key Support Levels: $3.00 (psychological), $3.25 (Fib 23.6%)

Key Technical Indicators:

• ADX = 54 → Still in a strong uptrend

• RSI = 66 → Cooling off from overbought but still bullish

• Price is 25% above 50-day EMA → Very positive momentum

Conclusion: Despite strong profit-taking, XRP maintains a bullish structure. This correction could be a buy-the-dip opportunity for investors awaiting the next wave.

4. Market Sentiment & Macro Signals

•  - Fear & Greed Index = 70 → Still in the "greed" zone

•  - Myriad Prediction Market: 70% expect BTC to reach $125K before dropping to $105K

•  - JP Morgan is pushing crypto-backed mortgages (BTC, XRP)

•  - GENIUS Act passed → Establishes a clear legal framework for stablecoins in the U.S.

5. Conclusion: Is This the “Buy the Dip” Moment?

Both Bitcoin and XRP are correcting after sharp rallies, yet neither has broken its bullish structure.

There are no strong signs of a trend reversal. In fact, on-chain data and technicals suggest this is likely a “shakeout”, clearing the path for the next bullish leg.