Bitcoin, Ethereum, and XRP have experienced a renewed decline following a brief recovery, as weak technical indicators and significant outflows weigh on the market. Bitcoin remains below key moving averages, while Ethereum has dropped under $3,400, and XRP is trading below $2.3. On-chain data highlights a reduction in long-term holder activity and ETF outflows totaling $1.4 billion since October 10. Despite some bullish narratives, market confidence appears fragile, contributing to the recent downturn in major cryptocurrency prices.