Eric Trump Says Buy the Dip as BTC, ETH, XRP Test Support

• Bitcoin, Ethereum, and XRP are testing major support zones amid market fear.
• Key drivers of the sell-off include options expiry, government shutdown risks, strong GDP, and high leverage.
• Bitcoin’s immediate support sits at $106,700–$107,600, with resistance around $110,000–$111,000.

The crypto market traded cautiously as Bitcoin, Ethereum, and XRP retested key support levels. The Fear & Greed Index sat at 34 (Fear) showing sentiment stays fragile. Despite the pullback, Eric Trump weighed in with a short but pointed message on social media: “Buy the dips.”

Bitcoin is holding near $109,670, down 5% over the week.  Majority of the altcoins are sitting close to important support zones. Ethereum is trading at $4,027, slipping below $4,100 after a 1% daily decline. XRP is also weaker at $2.78.

Related: Bitcoin Options Expiry Clears 160K BTC Open Interest as Market Resets at $109K

Why Is the Crypto Market Dropping? Four Main Reasons

Analysts pointed to four main reasons behind the sell-off:

1. Options Expiry: Over $23 billion in Bitcoin and Ethereum options expire today, a quarterly event known for driving volatility.
2. U.S. Government Shutdown Risks: Odds of a shutdown by October 1 are now at 67%. Past shutdowns have triggered corrections, and investors are bracing for similar fallout.
3. Strong Economic Data: Revised Q2 GDP came in at 3.8 percent versus 3.3 percent expected. While positive long term, strong growth reduces the likelihood of near-term rate cuts, weighing on risk assets.
4. Excessive Leverage: Retail traders recently piled into high-leverage positions, especially in altcoins. With open interest in some cases nearly double Bitcoin’s, liquidations are now adding to downward pressure.

What Could Steady the Crypto Market

Several signals suggested conditions might stabilize. The latest August 2025 PCE Price Index that was released September 26, 2025, came in at 2.9%, in line with expectations. That outcome is seen as market-friendly and may give support to Bitcoin, Ethereum, Solana and XRP if buyers step in.

There are also fresh policy signals from Washington. President Trump said interest rates remain “too high,” hinting at further cuts. 

Fed funds futures showed an 87.7% chance of a cut in October, keeping risk-on flows in play. Eric Trump added to that sentiment by predicting an “unbelievable” fourth quarter for crypto, remarks that fed bullish narratives already circulating in trading circles.

Bitcoin’s Setup Into October

Bitcoin is struggling to stay above $109,000 as fear grips the market. While the larger bull trend is intact, a bearish divergence signals underlying weakness. 

Short-term movements have shown minor bullish and bearish swings, but overall momentum remains limited. Immediate support levels are between $106,700 and $107,600, while resistance sits near $110,000 to $111,000.

Related: Trump-linked World Liberty Announces 100% Fee-Funded WLFI Buyback and Burn Program