Crypto Recovery Rally Under Pressure: Bitcoin Consolidates at $87.68K, Ethereum Eyes $2.95K Resistance, XRP Fights to Sustain Above $1.86

Market Stabilization Signals Emerge Across Top Three Assets

The broader cryptocurrency market is displaying cautious recovery signals Monday following last week’s severe liquidation cascade. Bitcoin, Ethereum, and XRP are each holding above critical technical support zones, yet the bounce remains fragile with overhead supply continuing to weigh on rallies. The critical question haunting traders isn’t whether these assets can stabilize—it’s whether any upside move represents genuine accumulation or merely exhaustion-driven relief before the next wave of selling.

Bitcoin’s Technical Rebound at $87.68K Faces a Critical Test

Bitcoin’s price journey over the past two weeks paints a brutal picture. After hitting resistance at $106,453 on November 11, the asset suffered a catastrophic 20% decline, ultimately finding a floor at $80,600 last Friday. Weekend buying interest initiated a modest recovery, with BTC closing Sunday above $86,830. As of Monday trading, Bitcoin has continued grinding higher and currently trades around $87.68K.

The immediate technical picture suggests momentum exhaustion among sellers. The daily RSI, which briefly dipped into oversold territory below 30 last week, has begun recovering—a textbook signal that aggressive profit-taking is waning and two-sided trading dynamics are emerging. For swing traders, the $90,000 level represents the next inflection point. This round-number barrier, previously supporting the uptrend, now serves as a critical test of whether institutional buyers are returning or if retail participants are simply catching falling knives.

Should BTC overcome the $90,000 ceiling, the narrative shifts from “capitulation bounce” to “genuine reversal.” Conversely, rejection here would likely trigger another test of the $80,000 psychological support—a level that, if breached decisively, would force medium-term holders to reassess whether current weakness represents a healthy correction or the onset of a longer-term regime change. The technical setup remains binary and precarious.

Ethereum’s Bounce from $2.749 Fibonacci Level Requires Sustained Defense

Ethereum’s decline proved even steeper than Bitcoin’s in percentage terms. Following a trendline breach on November 13, ETH tumbled over 18% across eight trading days, printing a low of $2,623 on Friday. The weekend provided critical relief: price bounced precisely from the 61.8% Fibonacci retracement level at $2,749—a zone saturated with limit orders from swing traders anticipating mean reversion during sharp corrections.

Currently trading near $2.95K as of the latest update, Ethereum has granted itself some breathing room from Friday’s lows. As long as the support cluster around $2.749–$2.800 holds on a closing basis, the path of least resistance points toward a retest of $3,017 resistance. This level, previously broken to the downside, represents where the real test of conviction emerges: if breached, it would signal the cascade of forced liquidations has genuinely ended. If rejected again, it confirms that the selling phase remains incomplete.

Like Bitcoin, Ethereum’s RSI is climbing out of oversold conditions, indicating that the most intense phase of panic liquidations is fading. However, crucially, Ethereum price EUR valuations may reflect additional headwinds from foreign exchange dynamics, adding another layer of complexity for international traders. A sustained breakdown below $2,749 would flip this former support into formidable resistance, serving as a harsh reminder that broken technical levels often contain powerful rejections.

XRP Stabilizes Above $1.86 but Faces Unfinished Business Below

Among the top three assets, XRP has absorbed the most turbulence. The token encountered rejection at the 50-day exponential moving average (EMA) of $2.38 on November 13, subsequently declining nearly 19% over eight days to reach a low of $1.82 last Friday. Crucially, a weekend retest of the $1.96 support level held firm, preventing a deeper capitulation cascade and setting the stage for Monday’s recovery attempt.

XRP is currently consolidating above $1.86, signaling that immediate seller exhaustion has provided temporary relief. If this bounce extends, the $2.35 resistance band—situated just below the 50-day EMA—becomes the next critical battlefield. A recapture of this zone would represent meaningful recovery from Friday’s lows and would test the resolve of sidelined bears attempting to fade the rally from higher prices.

The RSI reading of 41 suggests the market has exited pure “capitulation mode,” though it hasn’t yet shifted to outright bullish conviction. In this neutral technical zone, price action becomes increasingly sensitive to positioning changes—specifically, who remains overextended and who is willing to accumulate on weakness. Should the bounce falter and XRP rolls over, traders will pivot focus toward the Friday low of $1.82. A break below this level would invalidate the recent stabilization attempt and suggest that the $1.96 support was merely a pause in a longer-term downtrend.

The Takeaway: Technicals Point to a Decision Zone, Not a Reversal

All three major assets are trading at technical inflection points where the next directional move carries outsized importance. The recovery bounce, while relieving immediate oversold conditions, remains vulnerable to fresh selling waves as trapped participants from last week’s rally look for exits. For position traders, the focus should remain on whether support holds on a closing basis—not on intraday gyrations that often prove misleading.