Analysis of the three major Crypto technologies: Bitcoin, Ethereum, and Ripple's rebound opportunities after correction

Last week, the market experienced a fierce sell-off, with Bitcoin, Ethereum, and Ripple all facing approximately 20% declines. Entering this week, as oversold indicators show signs of recovery, these three cryptocurrencies have begun a mild rebound, and all have stabilized above key technical support levels. However, market fragility still persists, and investors should closely monitor the critical price ranges of each coin.

Bitcoin: Rebound from the low of $80,600, $90,000 becomes a short-term target

Bitcoin encountered a strong pullback on November 11 at $106,453, followed by a decline of over 20% within 12 days. After reaching a low of $80,600 on Friday, December 19, BTC initiated a rebound. According to the latest data, Bitcoin is currently trading around $87,680, with a 24-hour increase of +0.25%, indicating that the rebound momentum is gradually building.

On the technical side, the daily RSI indicator rebounded from the oversold zone below 30 last week to its current level, which usually signals weakening downward pressure and diminishing selling momentum. If the rebound continues, Bitcoin may challenge the medium-term resistance at $90,000.

Conversely, if a short-term correction re-emerges, Bitcoin could retest the psychological level of $80,000. Investors should pay attention to the support strength in this range.

Ethereum: Stabilized at the $2,749 support zone, $3,017 as rebound ceiling

Ethereum faced resistance at the trendline on November 13, then entered an 8-day decline cycle, with a drop of nearly 18%. Last Friday, it fell to a low of $2,623, and over the weekend, found support near the 61.8% Fibonacci retracement level at $2,749.

Currently, Ethereum is fluctuating around $2,950, with a 24-hour decrease of -0.70%, remaining above the key support. The RSI indicator also shows the fading of oversold signals, with initial signs of rebound potential. If the rebound gains enough strength, Ethereum could approach the daily resistance at $3,017.

However, a break below the $2,749 support would trigger further downside risk, so investors should set this level as a risk management reference point.

Ripple: Rebound after the low of $1.82, $2.35 as secondary target

Ripple has also experienced similar corrective pressure. After being rejected at the 50-day moving average of $2.38 on November 13, XRP declined nearly 19% over 8 days, reaching a low of $1.82 last Friday. Over the weekend, XRP retested the daily support at $1.96 and found support.

According to real-time data, Ripple is currently trading at $1.86, with a 24-hour decrease of -0.64%. The RSI reading is at 41, rebounding from the previous oversold zone, indicating clear signs of waning bearish momentum.

Technical analysis supports further rebound expectations. If XRP continues upward, the next resistance level will be around $2.35. Conversely, if support fails again, the $1.82 low will become the next testing point.

Overall market assessment: Rebound shows initial signs, but momentum remains uncertain

After significant corrections, the three main cryptocurrencies are showing technical oversold recovery signs. Indicators such as RSI, stabilized support levels, and shrinking trading volume all suggest that downward pressure may be easing. However, overall market sentiment remains fragile, and any negative factors during the rebound could trigger a secondary dip.

Investors participating in the rebound should strictly adhere to risk management principles, closely monitor key support levels of each coin, and remain cautious of potential secondary corrections.