BTC, ETH, XRP Price Prediction: Crypto Market Awaits Fed’s Nonfarm Payrolls After $1T Wipeout
Highlights
- The crypto market has crashed, leading to a $1 trillion wipeout.
- BTC price forecast is bearish, with the immediate target being the March 2024 high.
- ETH and XRP prices also have a bearish outlook as bond yields crash
Bitcoin, Ethereum, and Ripple prices have crashed this week as Donald Trump’s tariff threat complicated the Federal Reserve’s approach to rate cuts. This crash has led the crypto market to shed over $1 trillion in value from its peak in 2024. This article looks provides the forecasts for BTC, ETH, and XRP as focus shifts to the upcoming Fed’s nonfarm payrolls data.
Crypto Market Implodes as Treasury Yields Fall Ahead of Nonfarm Payrolls data
The crypto market has suffered a painful meltdown, with most coins crashing by over 50% from their highest levels this year. This decline is mostly because of Donald Trump’s tariffs that will trigger a trade war among the biggest trading partners.
The trade war will also lead to a stagflation, a period characterized by weak economic growth and high inflation. As a result, analysts and the bond market estimate that the Fed will opt to cut interest rates to stimulate growth. This explains why Treasury Yields have retreated, with the 10-year moving to 4.24% and the 30-year falling to 4.5%.
The US will publish the closely-watched personal consumption expenditure (PCE) data on Friday and the nonfarm payroll (NFP) next week. Economists polled by Reuters expect the data to show that the NFPs fell to 133k in February from 143k in January. The unemployment rate will likely remain at 4.0%.
The crypto market crash has coincided with that of the US stock market and crypto ETF outflows. The Dow Jones index fell by 200 points on Thursday, while the S&P 500 and Nasdaq 100 slipped by 95 and 530 points, respectively. Spot BTC and ETH ETFs have suffered large outflows in the past few weeks.
BTC Price Analysis
The ongoing macro issues have led to a strong BTC crash and ETF outflows. These ETFs have had outflows in the last eight straight days, bringing the net inflow to $36.85 billion from $40 billion earlier this year. That is a sign that investors are fearful as the crypto fear and greed index sinks.

The BTC price crash happened after forming a double-top pattern at $108,215. It has now crashed below the neckline at $89,107 and the 200-day moving average. Bitcoin seems to be targeting the March 2024 high of $73,615.

ETH Price Forecast
Ethereum price has crashed below the key support level at $2,130, its lowest swing in September last year. This crash accelerated after the Ethereum price formed a death cross pattern as the 200-day and 50-day moving averages crossed each other.
The average directional index (ADX) has risen to 42, indicating a strong downtrend. As such, the ETH price may drop to $2,000 as the crypto market sell-off continues.

XRP Price Technical Analysis
Ripple price dropped after its lawyer Jeremy Hogan, predicted the conclusion of the Ripple vs SEC case to conclude no earlier than March 14.
The XRP price has crashed to $2 as the crypto market industry suffered a $1 trillion meltdown. This was a crucial level since it is the neckline of the head and shoulders pattern and the 50% Fibonacci Retracement level.
The RSI indicator is falling, while the ADX is rising, pointing to more momentum. This means that the XRP price may crash to $1.1393, the 78.6% retracement point.

Summary
The BTC, XRP, and ETH prices have imploded this year, and the upcoming nonfarm payrolls data will help to predict the next Federal Reserve cuts. Their crash has also accompanied that of the US Treasury yields and the equity market.
Frequently Asked Questions (FAQs)
1. How will the US nonfarm payrolls affect the crypto market?
2. What is the most likely BTC price prediction?
3. Will the XRP price rise or fall?
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