Crypto Rally Pauses as BTC, ETH and Ripple Hit Barriers

Key Moments

Broad Market Overview

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are retreating from recent highs as last week’s double-digit surge loses steam. The current pullback reflects a short-term corrective phase, with traders locking in gains near prominent psychological and technical barriers.

Bitcoin Holds Above Key Fibonacci Support

Bitcoin is trading around $78,760 at press time on Wednesday, preserving a generally positive setup after last week’s 23% advance. The BTC price remains above the 78.6% Fibonacci retracement level at $77,489, calculated from the downswing between $82,850 and $57,800.

Upside progress is being constrained near the $80,000 psychological level, which stands in front of the $82,850 swing high. A decisive move through these resistance areas would clear the way toward the 127.2% Fibonacci extension at $89,663, positioned close to the $90,000 mark.

On the daily chart, momentum indicators signal cooling conditions. The 14-period Relative Strength Index (RSI) is near 80, pointing to overbought territory and an extended advance. At the same time, the Moving Average Convergence Divergence (MACD) and its signal line are still sloping higher, while a fading histogram indicates that bullish momentum is moderating.

On the downside, immediate support is located at the 78.6% retracement at $77,489. Below that, a cluster of medium-term supports is formed by the 200-day Exponential Moving Average (EMA) at $72,797 and the 50% retracement at $70,325.

Ethereum Pauses Below $2,500

Ethereum is trading above $2,400 at press time on Wednesday, maintaining a constructive bias as it holds above both the 50-day EMA at $2,022 and the 200-day EMA at $2,146. Price action is currently testing the 50% Fibonacci retracement at $2,476, measured from the move between $3,447 and $1,505.

From a technical standpoint, the $2,500 psychological level reinforces the $2,476 resistance zone. A sustained break above $2,500 would likely extend the ETH advance toward the 78.6% Fibonacci retracement at $3,031.

Momentum remains firm. The RSI stands at 75, hovering in overbought territory, while the MACD stays in positive territory, signaling that buyers retain control over the near-term trend.

On the downside, first support is aligned with the 200-day EMA at $2,146, followed by the 50-day EMA at $2,022. A more pronounced correction would expose the 23.6% retracement level at $1,963.94, while the $1,505.68 swing low remains a distant structural support area.

Ripple Pulls Back After Test of $1.50

Ripple is trading near $1.4397 at press time on Wednesday, remaining comfortably above the 50-day EMA at $1.1646 and the 200-day EMA at $1.3822. This configuration keeps the short-term outlook tilted to the upside. XRP has declined 5% so far this week, indicating a phase of profit-taking around the $1.50 psychological level.

Immediate support converges around the 200-day EMA at $1.3822, which protects the path toward the next support area near $1.2700.

The RSI stands at 74, signaling overbought conditions and highlighting stretched bullish momentum. At the same time, the MACD and its signal line remain in positive territory, suggesting that buying pressure is still in control despite the pullback.

For the bullish structure to reassert itself, XRP needs to confirm a breakout above $1.50 with a convincing daily close. Such a move would revive the rally and could bring the November 21 low at $1.8209 back into focus.