Bitcoin, Ethereum, and XRP at Critical Junctures — Technical Setup Hints at Recovery Potential as Key Levels Hold

The cryptocurrency market is displaying mixed signals across its three major players, with technical indicators suggesting both opportunity and caution. Here’s what the charts are telling us about potential next moves.

Ripple at a Crossroads: Can It Sustain Above the 50-Day EMA?

XRP experienced a sharp pullback of nearly 10% after encountering resistance at its falling wedge upper boundary. The coin has since stabilized near the $2.07 level (the 50-day exponential moving average), closing Friday around $2.13. Current data shows XRP trading at $2.11 with a marginal 24-hour decline of -0.18%.

The immediate question for bulls is whether this moving average can function as a floor. If support holds, the $2.35 resistance becomes the natural next target. Both the RSI and MACD indicators are flashing bullish divergence signals, suggesting the latest decline could represent a healthy correction rather than trend reversal. However, traders should monitor the $1.96 level closely—a break below would signal intensifying selling pressure and warrant reassessment of the rebound thesis.

Ethereum Trapped Between Two Moving Averages

After a nearly 6% decline through Thursday, Ethereum retreated from its 100-day EMA resistance at $3,298 and is now consolidating around the 50-day EMA zone at $3,128. Updated data reflects ETH trading at $3,350 (a notable move up) with a positive 24-hour change of +1.79%, suggesting fresh buying interest may be developing.

The technical setup mirrors Bitcoin’s mild bullish lean, with RSI holding above the neutral 50 threshold and MACD in constructive territory. A sustained move above the 100-day EMA would potentially clear the path toward the December 10 high near $3,447. Conversely, if weakness persists, the $3,017 daily support could become the test point for bear commitment.

Bitcoin Consolidates Above $90,000: The Foundation for Higher Moves

Bitcoin’s bounce from the $90,000 support zone has proven resilient after price initially stumbled at the 61.8% Fibonacci retracement ($94,253). The current price of $96.65K with a 24-hour gain of +1.77% shows the recovery gaining traction—though this latest data suggests the $94,253 resistance has been decisively overcome.

The $90,000 floor remains psychologically important. As long as this level prevents significant downside penetration on a daily close basis, the possibility of grinding higher remains intact. The daily RSI at 54 (above neutral 50) combined with MACD’s bullish crossover configuration supports continued recovery momentum. Should Bitcoin extend its pullback and close below $90,000, the $85,569 level becomes the critical pivot to monitor—a drop there could signal a deeper correction phase.

Broader Context: What These Levels Mean

Across all three cryptocurrencies, the technical picture aligns on one key theme: key support zones are being defended, and momentum indicators are not yet bearish. This creates an environment where short-term recoveries remain plausible, though none are guaranteed. The movements in these coins relative to traditional currency pairs like BTC to AUD also highlight crypto’s broader volatility in global markets.

The risk remains that any breakdown in these technical structures—a daily close below major moving averages for ETH and XRP, or a loss of the $90,000 support for Bitcoin—would shift the narrative toward deeper corrections. Until those levels break decisively, the technical setup favors patient bulls willing to buy the dips at established support.