Market Pulse: Bitcoin, Ethereum, and XRP at Crossroads — Are Key Support Levels Holding the Line?

The crypto market is flashing mixed signals as major cryptocurrencies test critical support zones. With Bitcoin trading near $96.67K (up 1.78% in 24 hours), Ethereum at $3.35K (up 1.83%), and XRP at $2.11 (down 0.23%), traders are watching whether these assets can stabilize and mount a genuine recovery or if further weakness looms ahead.

Bitcoin bounces off $90,000 but faces a crucial test

Bitcoin’s recent price action tells a story of resilience mixed with caution. After facing rejection at the 61.8% Fibonacci retracement level around $94,253—a level measured from April’s low of $74,508 to October’s peak of $126,199—BTC entered a pullback phase that saw it decline roughly 3% over consecutive trading days. The good news? The flagship cryptocurrency found footing around the $90,000 zone, a previously contested area that now serves as the key floor for near-term strength.

At current trading levels above $90,000, momentum indicators are sending encouraging signals. The daily RSI sits at 54, comfortably above the neutral midpoint, while the MACD remains positioned in bullish crossover territory. These technical cues suggest that while the immediate trend lost some steam, the underlying structure hasn’t completely deteriorated.

The critical question: Can Bitcoin hold this $90,000 support? If the answer is yes, the path toward $94,253 remains viable. A breakdown would be a different story—slip below $90,000 on a daily close and the next meaningful downside target becomes $85,569.

Ethereum struggles near its 50-day moving average

Ethereum’s technical picture looks less convincing. After rejecting near the 100-day EMA at $3,298 earlier this week, ETH rolled over and shed nearly 6% by Thursday’s close. The decline has brought Ethereum price EUR and other fiat pairs down to test the 50-day moving average around $3,128—a level that’s now serving as the make-or-break support for bulls.

Here’s what traders should monitor: If Ethereum price can consolidate above that 50-day EMA and attract fresh buying interest, a rebound attempt back toward $3,298 becomes the logical next target. Clearing that level decisively would potentially unlock the December 10 high at $3,447. RSI and MACD readings align with Bitcoin’s, suggesting the technical foundation for a recovery bounce exists.

The downside risk is equally real. Should the correction accelerate, Ethereum could slide toward the $3,017 daily support level—a break there would extend losses further and signal a shift toward lower positioning.

XRP stabilizes but remains vulnerable

XRP’s journey has been the most dramatic of the three. The digital asset initially turned lower after rejection at a falling wedge pattern’s upper trendline, triggering a sharp 10% pullback that took price all the way down to the 50-day moving average near $2.07. The positive development: XRP has bounced back above that moving average and is currently trading around $2.13, putting the rebound scenario back in play.

For XRP to sustain its recovery, holding above the $2.07 level is non-negotiable. Success here could set the stage for a push toward the next resistance point at $2.35. The momentum backdrop—with RSI and MACD both flashing bullish undertones—supports the idea that this latest dip may represent a temporary correction rather than a full reversal.

However, a daily close below $2.07 would shift the risk calculus. If that moving average fails to hold, the next level of support sits at $1.96, and traders should prepare for accelerating downside if that breaks too.

What’s the broader picture?

All three assets are exhibiting a common theme: they’ve pulled back, found support at key moving averages, and are now testing whether those floors can hold. The technical indicators across BTC, ETH, and XRP are leaning bullish, suggesting the recent dips might simply be opportunities to rebuild positions rather than signs of trend exhaustion.

The catch? None of these rebounds are guaranteed. Failure at these support levels would quickly trigger a cascade of liquidations and extend losses. Traders navigating this environment should remain disciplined, respect their risk management rules, and watch these key price levels closely in the coming sessions.