BTC, ETH, and XRP Show Early Signs of Bullish Reversal

Bitcoin, Ethereum, and XRP trade near important price levels on Wednesday, showing signs that bearish momentum is fading across the crypto market. All three assets have bounced from key support zones mid-week, suggesting that sellers may be losing strength and that a broader recovery may follow if current levels hold.

BTC Stabilizes on Wednesday as Selling Pressure Weakens

Bitcoin price hovered near $87,500 on Wednesday after enduring a four-week pullback. The cryptocurrency bounced off the $80,000 psychological level last Friday, recovered over the weekend, and closed above $88,300 on Monday. Tuesday brought a mild dip, with BTC ending the day at $87,369, before stabilizing again mid-week.

If Bitcoin extends its rebound, the next major upside target lies at $90,000. The RSI at 31 has climbed from oversold territory, signaling a slowdown in bearish pressure and hinting that downside momentum may be reaching exhaustion.

If BTC weakens again, the decline could revisit the $80,000 support zone.

ETH Holds Above Key Fib Level on Wednesday

Ethereum continued to show stabilization on Wednesday, trading near $2,900 after recovering from its recent drop. ETH was previously rejected at a broken trendline on November 13, falling over 18% and reaching $2,623 last Friday. A rebound from the 61.8% Fibonacci level at $2,749 fueled a near 7% recovery into mid-week.

If ETH maintains bullish momentum, it could retest $3,017, the next daily resistance. A confirmed break above this level would open the path toward the 50-day EMA at $3,483. Ethereum’s RSI is recovering from oversold conditions, and the MACD turned bullish on Tuesday, both signaling diminishing bearish momentum.

If sellers regain control, ETH may revisit the $2,749 Fibonacci support.

Ripple Extends Mid-Week Recovery After Channel Support Holds

XRP traded near $2.20 on Wednesday, continuing its rebound after retesting the lower boundary of its descending channel over the weekend. The asset climbed more than 14% in two days, showing strong demand at channel support.

If XRP sustains upward momentum, it may advance toward $2.35, aligning closely with the 50-day EMA at $2.37. The RSI at 47 has risen from oversold levels, indicating easing bearish pressure. Meanwhile, the MACD posted a bullish crossover on Tuesday, supporting the probability of continued recovery.

Should XRP turn lower, the price could revisit last Friday’s low around $1.82.