Cryptocurrency Prices Under Pressure as Key Supports Face Breakdown Risk

The cryptocurrency market is facing a challenging start to the week, with Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) experiencing downward pressure.

BTC is hovering around the lower consolidation range at $65,729, and if it breaks below this level, it could extend its decline towards Tuesday's low of $62,510. ETH, on the other hand, faced rejection near the upper consolidation boundary at $2,149 and declined slightly last week.

XRP is finding support around the lower trendline boundary of a falling wedge, but if it fails to hold this level, it could extend its decline towards the weekly support at $1.30.