Bitcoin Faces $76,487 Test Before CPI as XRP $1.32 Breakdown Raises Alarm

<a href="https://xpertsstudio.com/bitcoin-buyers-wary-of-july-sub/” title=”Bitcoin buyers wary of July sub”>Bitcoin looks weak in the short term ahead of the latest U.S. inflation data. The price is approaching an important level around $76,487. Increased selling pressure will push $BTC toward $76,232.

$XRP is also weakening alongside Bitcoin. It is now around $1.32 after breaking several support levels below. This shows that traders remain cautious and are keeping money in safer assets rather than moving into altcoins.

Bitcoin Will Test $76,487

Bitcoin started the week trading between the high-$78,000s and $80,447. On Tuesday, $BTC briefly moved above this range but failed to hold the breakout. The price fell back, confirming that buyers did not have enough strength to sustain the move.

Bitcoin then continued to weaken on Wednesday and Thursday. The chart shows lower highs and lower lows, confirming that sellers are in control in the short term.

Bitcoin also failed to reclaim Monday’s trading range, keeping the outlook bearish. The key level to watch is around $76,487, the previous low. A break below this level will open the way toward $75,000.

PPI Adds More Pressure

Bitcoin was already showing weakness, and Thursday’s hotter-than-expected PPI data added further pressure to the market. The failed breakout and stronger inflation reading have both kept Bitcoin under pressure. This makes the upcoming CPI report especially important.

CPI will trigger a significant move in Bitcoin. If $BTC breaks clearly below $76,487, the next target is $76,232, reinforcing the bearish outlook. Traders should also focus on Bitcoin’s reaction after the drop.

If Bitcoin falls below $76,487, reaches around $76,232, and then quickly moves back above the broken support, that will signal a potential reversal. The reaction after the breakdown will therefore be more important than the initial move below support.

$XRP Follows Bitcoin Lower

$XRP is also showing clear signs of weakness. $XRP fell from above $1.44 earlier in the week to around $1.32. Selling intensified after $XRP broke below $1.40, with the price continuing to form lower highs and lower lows.

$XRP is now around $1.3275, with the latest low near $1.3206. The $1.3206 area is the first level to watch. Below it, $1.3098 is the next important support.

A sustained break below $1.3098 will push $XRP lower and strengthen the bearish trend. $XRP is also showing no evidence of traders rotating money into it while Bitcoin declines. Instead, $XRP is falling alongside Bitcoin.

This confirms that traders remain cautious and are not yet committing significant capital to $XRP or other major altcoins.

$BTC and $XRP Will Show What Happens Next

Bitcoin and $XRP are both sitting at critical levels ahead of the CPI report. Bitcoin is approaching the $76,487–$76,232 zone, while $XRP is near $1.3206, with $1.3098 serving as a key support level.

If Bitcoin breaks below its previous low but quickly reclaims it, $XRP will also have room to recover from its support. That price action would signal that the breakdown was a temporary liquidity sweep rather than the start of a deeper sell-off.

However, a break below $76,232 in Bitcoin combined with a move below $1.3098 in $XRP will confirm that sellers are gaining further control and that the market is heading lower.

For now, Bitcoin’s failed breakout, lower highs, lower lows, and hotter-than-expected PPI data all point to continued downside pressure. The upcoming CPI report will determine whether Bitcoin briefly sweeps below support and rebounds or extends the decline toward lower levels.

Source: <a href="https://cryptonews.net/news/bitcoin/33430329/” target=”_blank” rel=”nofollow noopener”>cryptonews.net