# Bitcoin, Ethereum and XRP Prices Correct After Recent Highs

**Published:** 2026-08-24T07:35:42.819Z  
**Topic:** Ripple Xrp  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/177647c7-adf9-4792-85a1-afed781d3dcc

Bitcoin, Ethereum, and XRP face price corrections as momentum slows. BTC holds $121,000, while ETH and XRP drop below key support levels. Read the analysis.

Bitcoin, Ethereum, and XRP are undergoing a period of consolidation, with all three assets retreating from recent peaks as bullish momentum fades across the crypto market [2]. Bitcoin currently trades at approximately $121,000, down from its record high of $126,199 set earlier this week, while Ethereum and XRP have both closed below critical support levels, signaling potential further downside [2].

| At a glance | |
|---|---|
| Bitcoin Price | $121,000 |
| Ethereum Price | $4,370 |
| XRP Price | $2.79 |
| Market Context | Correction below key support levels |

## Market momentum and support levels
Bitcoin’s pullback of over 2% from its Monday record high has brought the asset to retest the $120,000 support level [2]. Analysts note that the Relative Strength Index (RSI) on the daily chart has fallen to 58 from overbought conditions, suggesting a cooling in buying pressure [2]. If the $120,000 level fails to hold, the next daily support is identified at $116,000 [2].

Ethereum is showing similar signs of weakness, having failed to maintain its position above the $4,488 resistance level [2]. After closing below that mark on Tuesday, the price has continued to slide to $4,370, with the RSI slipping below the neutral 50 level, indicating that bearish momentum is gaining traction [2]. XRP has faced a more pronounced decline, dropping 8% since October 3 and closing below its 100-day Exponential Moving Average (EMA) of $2.85 [2].

## Structural challenges for XRP
While Bitcoin and Ethereum have set new record highs in recent cycles—with Bitcoin reaching $126,000 in October 2025 and Ethereum hitting $4,950 in August 2025—XRP remains significantly below its 2018 all-time high of $3.84 [1]. A primary factor in this performance gap is the increase in circulating supply; there are now approximately 63 billion XRP in circulation, compared to 34 billion at the 2018 peak [1]. 

Furthermore, unlike Bitcoin, which utilizes halving events to reduce new supply, or Ethereum, which employs fee-burning mechanisms, XRP lacks a native supply-reduction protocol [1]. While Ripple has expanded its institutional business through acquisitions and the launch of the RLUSD stablecoin, these entities largely operate independently of the XRP token, which currently serves primarily as a network fee asset in Ripple’s tokenized fund deals [1].

## What to watch
*   **Bitcoin Support:** Monitor whether BTC maintains the $120,000 support level; a close below this could trigger a move toward $116,000 [2].
*   **Ethereum Resistance:** Watch for a potential breakout above the $4,488 level, which would be required to shift the current bearish trend [2].
*   **XRP Technicals:** Observe if XRP can reclaim the 100-day EMA at $2.85, as it currently faces downward pressure toward the $2.72 support level [2].

The current market pause highlights the divergence between assets with established supply-limiting mechanisms and those, like XRP, that face ongoing supply expansion and institutional volatility concerns. Whether these assets find a floor at current levels depends on whether buyers return to defend these technical support zones.

## Sources
1. 24/7 Wall St — [Why Hasn’t XRP Hit New Highs Like Bitcoin and Ethereum Despite Ripple Becoming a Top Financial Institution](https://247wallst.com/investing/cryptocurrency/2026/08/05/why-hasnt-xrp-hit-new-highs-like-bitcoin-and-ethereum-despite-ripple-becoming-a-top-financial-institution/)
2. Mitrade — [Top 3 Price Prediction: BTC, ETH, and XRP pause after strong rallies](https://www.mitrade.com/insights/crypto-analysis/bitcoin/fxstreet-BTCUSDETHUSDXRPUSD-202510101148)

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Cite as: TrendWatcher, "Bitcoin, Ethereum and XRP Prices Correct After Recent Highs", https://www.trendwatcher.in/article/177647c7-adf9-4792-85a1-afed781d3dcc