Bitcoin, Ethereum and XRP Near Potential Market Bottoms as Crypto Prices Fall Sharply

Crypto markets have lost more than $500 billion in the past two months, pushing investor sentiment into extreme fear and driving Bitcoin, Ethereum and XRP down 50%‑70% from recent peaks. Analyst Ali Martinez identifies possible bottom zones: Bitcoin’s strongest accumulation area lies between $53,900 and $43,130, with the lower MVRV band near $43,200 historically acting as a cycle floor; Ethereum shows a deep accumulation zone around $700, well below the $1,700 resistance; XRP appears to have support near $1.15 and a stronger zone between $0.70 and $0.90.

Order‑book data suggest buying pressure may be increasing, with short positions clustered around $64,600 that could trigger a short‑squeeze for Bitcoin. Meanwhile, institutional demand for Ethereum is waning, and U.S. spot Ether ETFs have recorded $523 million in net outflows over two weeks. XRP benefits from comparatively strong institutional inflows, with U.S. spot XRP ETFs seeing $1.43 billion in cumulative inflows.