Crypto Pivots in Play: Bitcoin, Ether at Critical Junctures, XRP Probes $2 Support

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Crypto Pivots in Play: Bitcoin, Ether at Critical Junctures, XRP Probes $2 Support ETH mirrors BTC's counter-trend consolidation as XRP probes key $2 support and SOL remains directionless By Omkar Godbole , AI Boost Dec 8, 2025, 4:47 a.m. Magnifying glass What to know : BTC and ETH continue counter-trend moves. XRP trades close to the pivotal $2 support. SOL's range play lingers. This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin BTC $ 91,235.39 continues to trade within a counter-trend rising channel on the hourly chart that sits inside a larger descending trend, leaving price action finely poised. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . A clean break above $96,500 would be technically bullish, as this level marks the confluence of the channel top and the broader bearish trendline, and would argue for a revival of the medium-term uptrend. The weekly chart supports this scenario, with the repeated defense of the 100-week simple moving average, signaling downside exhaustion and growing risk of a bullish reversal. BTC's hourly and weekly charts. (CoinDesk) However, the structure also leaves room for renewed weakness if buyers fail to force confirmation. A downside break from the hourly counter-trend channel would validate the downtrend line and open the way for another test of the $80,000 area, where the market previously found support. ETH Ether's technical structure mirrors BTC's, trading within a counter-trend rising channel on the hourly chart amid a broader descending trend. A decisive break above $3,200, the channel resistance, would confirm bullish revival, exposing $3,620, the Nov. 10 lower high resistance. ETH's hourly chart. (TradingView) Downside risks persist if sellers invalidate the counter-trend channel. A break below would reinforce the larger downtrend, opening recent lows near $2,630 as initial support ahead of deeper correction. Overall, $3,200 remains the pivotal level to watch. XRP Payments-focused XRP is testing the critical $2 support line once again, which has repeatedly signaled seller exhaustion this year through long-tailed weekly candles. The momentum looks bearish as evidenced by the sharply declining 5- and 10-week SMAs confirm bearish momentum. XRP's weekly chart. (TradingView) A breakdown below this level risks triggering holder capitulation, exposing $1.63, the 61.8% Fibonacci retracement of the 2024-2025 rally, as next major support. Conversely, consecutive daily closes above $2.30 would invalidate the bearish lower highs pattern and signal bullish revival. $2 remains the key pivot in this symmetrical setup. SOL Solana SOL $ 134.93 continues exhibiting range-bound indecision, trading within a sideways channel defined by $145 upper resistance and $120 lower support, with current levels near $134. The lack of directional momentum persists, leaving the next significant move contingent on a clear breach of this consolidation range.​ Bullish resolution of the range would create room for a move to $160 and higher via measured move analysis. A downside break would extend the broader downtrend. SOL's hourly chart. (TradingView) Bitcoin News Ethereum News XRP News Solana News Technical Analysis AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy . More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research By Helene Braun , AI Boost | Edited by Cheyenne Ligon 14 hours ago K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors. What to know : K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point. The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels. 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