The escalating geopolitical conflict between Israel and Iran has sent shockwaves through the cryptocurrency markets, triggering a notable risk-off sentiment that has weighed heavily on the top three digital assets by market capitalization: Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). As of Friday, June 13, 2025, all three have experienced significant price declines, with technical indicators pointing toward further downside potential heading into the weekend.
Bitcoin Struggles to Hold Key Support Levels
Bitcoin’s recent rally faltered after failing to retest its all-time high near $111,980 earlier this week. Following a sharp drop, BTC slipped below its daily support at $106,406 on Thursday and continued to weaken, hovering around its 50-day Exponential Moving Average (EMA) near $102,447 on Friday. If Bitcoin closes below this EMA, it risks testing the psychologically important $100,000 mark.
Technical momentum indicators reinforce this bearish outlook. The Relative Strength Index (RSI) has dipped below the neutral 50 level to 45, signaling growing selling pressure. Meanwhile, the Moving Average Convergence Divergence (MACD) showed a bearish crossover on Thursday, confirming a downward trend and suggesting further losses could be on the horizon.
BTC/USDT daily chart
However, a recovery above $106,406 could help Bitcoin regain some bullish momentum and stabilize the price in the short term.
Ethereum’s Momentum Weakens Amid Continued Losses
Ethereum has extended its losses for the third consecutive day, falling 4.65% on Thursday and trading down 6% on Friday at around $2,461, near the lower boundary of its recent consolidation range. The 50-day EMA at $2,410 stands as a critical support level; a close below this could push ETH toward its next support near $2,000.
ETH/USDT daily chart
Similar to Bitcoin, Ethereum’s RSI is below 50 at 47, indicating bearish momentum, and the MACD also flashed a bearish crossover, reinforcing the downtrend. Should ETH find support at $2,461, it may attempt to rebound toward the upper consolidation boundary at $2,724.
XRP Faces Strong Bearish Pressure Below Key Moving Average
Ripple’s XRP closed below its 50-day EMA at $2.25 on Thursday and continued to slide, trading around $2.11 on Friday. If the correction persists, XRP could retest support at $1.96.
The RSI for XRP is at 40, well below neutral, reflecting strong bearish momentum. The MACD lines are currently intertwined, showing trader indecision, but a potential bearish crossover could trigger further selling pressure.
XRP/USDT daily chart
On the upside, a recovery above the 50-day EMA at $2.25 would be necessary to shift the outlook toward a more positive trajectory.
Geopolitical Risks and Market Sentiment
The intensifying conflict between Israel and Iran has heightened uncertainty across global markets, with cryptocurrencies particularly sensitive to risk-off environments. Investors are seeking safer assets amid fears of broader instability, leading to profit-taking and liquidation in crypto markets.
This risk aversion is evident in the sharp declines of BTC, ETH, and XRP, which are often seen as barometers of overall market health. The current price action suggests that unless geopolitical tensions ease, these cryptocurrencies may face continued downward pressure in the near term.
