XRP, Cardano, BNB Analysis: DeepSeek Buzz Triggers Altcoin Breakdown Risks

The cryptocurrency market took a sharp nosedive today, with major altcoins such as XRP (XRP), Cardano (ADA), and Binance Coin (BNB) suffering significant losses.

This downturn followed a broader market selloff tied to concerns over China’s DeepSeek AI, which has impacted U.S. tech stocks and reverberated through risk-on markets like crypto. As nearly $700 million in crypto liquidations occurred within the past 24 hours, XRP, ADA, and BNB invalidated their previously bullish technical setups, raising the potential for further downside.

XRP Breaks Down, Hints At Deeper Losses

XRP/USD fell nearly 10% over the past 24 hours, invalidating a bullish symmetrical triangle breakout setup.

The token slipped below its 50-period exponential moving average (EMA) on the 4-hour chart, which had previously acted as key support near $3.07. The next current support target appears to be the 200-4H exponential moving average (200-4H EMA; the blue wave) EMA near $2.72. It aligns closely with the 0.5 Fibonacci retracement of XRP’s at around $2.67.

Adding to the bearish momentum is XRP’s Relative Strength Index (RSI), which dropped to 24 in the 4-hour timeframe, signaling oversold conditions. Oversold RSI readings often hint at a potential relief rally, which may lead to a rebound phase in XRP markets next.

That said, a decisive bounce from the $2.67-2.72 support area could initially lead the price toward $3.03, helped further by growing optimism about potential XRP ETFs and the conclusion of the SEC vs. Ripple lawsuit.

However, if XRP continues to decline below $2.72, the next support level to watch is near $2.51, corresponding to the 0.618 Fibonacci retracement level.

Cardano Mirrors XRP Fractal — Key Levels to Watch

Like XRP, Cardano’s ADA also resolved its symmetrical triangle setup on the daily chart to the downside, after falling nearly 8% daily to test support at its 0.382 Fibonacci retracement level ($0.88).

The breakdown confirms bearish momentum, with the RSI sliding to 38—still above oversold territory but suggesting the possibility of further downside.

The next major support for ADA is near $0.77, where the 0.5 Fibonacci retracement level aligns with the 200-day EMA ($0.71). If bearish momentum intensifies, ADA could test these levels in the coming days.

On the upside, any potential recovery would face resistance near the $0.96-$1.02 range, previously a strong support zone now turned resistance.

BNB Crumbles Below $650

BNB (BNB) faced similar bearish pressure, dropping 3.3% to trade around $645. The token broke below its symmetrical triangle support line and now hovers near its 0.382 Fibonacci retracement level at $642.7.

BNB’s RSI dropped to 34 on the daily timeframe, nearing oversold territory but leaving room for further downside. The 200-day EMA at $622 could provide short-term relief, but a failure to hold this level might expose BNB to a deeper correction toward $608.6, its 0.5 Fibonacci retracement level.

BNB’s bearish bias remains strong as long as it stays below its 50-day EMA ($686.4), now acting as resistance.

XRP Breakdown Points to ADA, BNB Weakness

XRP’s invalidation of its bullish breakout setup serves as a harbinger for further selloffs in ADA and BNB.

The three tokens are exhibiting bearish technical patterns, reinforced by weakening RSI levels and breakdowns below key EMAs and Fibonacci support levels. With macroeconomic pressures weighing on the broader market, traders and investors should monitor critical support zones closely.

If XRP fails to find support at its 200-period EMA, it could trigger deeper losses across other altcoins like ADA and BNB, particularly if Bitcoin continues its downward trend.

Conversely, a relief rally in oversold conditions could offer temporary reprieve but is unlikely to shift the prevailing bearish sentiment.