Price Forecast for Bitcoin (BTC), Ethereum (ETH), and XRP Today (March 11)

Coinpedia Fintech News originally published the article Bitcoin (BTC), Ethereum (ETH), and XRP Price Prediction Today (For March 11).

Since US President Donald Trump took office, the value of the cryptocurrency market, which is dominated by Bitcoin (BTC) and Ethereum (ETH), has decreased by more than $1.3 trillion.

Donald Trump From 2017 to 2021, Donald Trump, a former American politician, businessman, and media personality, led the country as its 45th president. In 1968, Trump graduated with a bachelor’s degree in economics from the University of Pennsylvania. Despite losing the popular vote, Trump defeated Hillary Clinton, the Democratic Party’s nominee, to win the 2016 presidential election as the Republican Party’s nominee. As president, Trump redirected military funds to construct a wall along the U.S.-Mexico border, banned nationals of a number of Muslim-majority nations from traveling,

and put in place a policy for family separation. Trump is still a well-known member of the Republican Party and is regarded as a strong contender for the presidency in 2024. The president took the oath of office for a second term. The previous eight weeks have seen increased selling pressure on the cryptocurrency market due to erratic fundamentals, particularly from the political landscape.

The market dynamics have completely changed as a result of the ongoing tariff trade conflicts, even though the Trump administration’s announcement of the strategic Bitcoin and crypto reserve was much anticipated. Institutional investors have drastically decreased their desire for cryptocurrency assets, according to on-chain statistics. This is especially true for U.S. spot Bitcoin ETFs, which have lost more than $4.3 billion in the last two months.

Forecasts for the Price of Bitcoin Today

The price of Bitcoin (BTC) has been retesting a critical support level of about $78k during the last two days after plunging more than 14% last week. The price of bitcoin has been developing a possible negative continuation pattern during the last two hours, with $73.7k being the next objective.

The price of Bitcoin will probably remain in a bearish state until major global central banks, including the Fed, PBOC, ECB, and BoJ, begin quantitative easing (QE) to stimulate economic development, according to Arthur Hayes, co-founder of BitMEX.

The strategy: Exercise extreme patience. The bottom of $BTC is probably around $70k. 36% decline from the ATH of $110,000, which is typical for a bull market. In order to enter free fall, we then require stonks, $SPX, and $NDX. The TradFi muppet must then be submerged. Next, the ECB, BOJ, PBOC, and Fed all ease to make

Forecast for the Price of Ethereum

In recent years, the market for Ethereum (ETH) has been the most negative of all the altcoins. With a 24-hour average trading volume of over $41 billion and a fully diluted price of roughly $225 billion, the large-cap altcoin closed last week below a critical support zone between $2.1k and $2.2k.

Therefore, it is reasonable to presume that Ethereum sellers are in a stronger position than purchasers. The price of Ether retested the rising trendline of a standard chart with a weekly timeframe within the last day. But in the upcoming weeks, Ether will see a significant selloff if it consistently closes below $1,760.

Crypto researcher Benjamin Cowen predicts that if the Fed terminates its extended Quantitative Tightening (QT), the price of Ethereum will probably bottom out

Forecast for the Price of XRP

Since early December 2024, the price of Ripple Labs’ XRP has been creating a possible reversal pattern, which is typified by a bearish divergence of the weekly Relative Strength Index and a head and shoulders (H&S) formation. The price of XRP has been retesting a critical support level in recent days, which is approximately $2 and may be the neckline of the H&S pattern.

A significant selloff towards $1.5, which corresponds with the 0.618 weekly Fibonacci Retracement, will unavoidably occur if the XRP purchasers are unable to defend the current support level.

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Despite the U.S. Bitcoin reserve announcement, selling pressure, trade disputes, and decreased institutional interest are causing the market to decline.

FAQ

Why is the cryptocurrency market experiencing a decline today?

The market is facing increased selling pressure due to ongoing trade disputes, reduced institutional interest, and macroeconomic uncertainty, despite the U.S. Bitcoin reserve announcement.

What is the current price trend for Bitcoin (BTC)?

Bitcoin has been retesting a critical support level of around $78K, with a potential further decline toward $73.7K. Analysts predict BTC could bottom around $70K if market conditions remain bearish.

How is Ethereum (ETH) performing in the market?

Ethereum has been in a bearish trend, trading below a key support level of $2.1K–$2.2K. If ETH consistently closes below $1,760, a significant selloff could follow.

What is the price outlook for XRP?

XRP has been forming a bearish head and shoulders (H&S) pattern, with critical support around $2. If buyers fail to hold this level, XRP could drop to $1.5, aligning with the 0.618 Fibonacci retracement.

What factors could reverse the current bearish trend in crypto?

A shift in global economic policies, such as quantitative easing (QE) by major central banks (Fed, ECB, BoJ, PBOC), could improve liquidity and reignite institutional interest in cryptocurrencies.