Bitcoin, Ethereum, and XRP Reach Critical Support Zones: Here Are the Levels to Watch

TLDR:

• Bitcoin must hold $81,000, the lower boundary of its daily rising channel, to target $84,000 and $86,500.
• A break below $81,000 would shift Bitcoin’s focus to $76,000 as the next downside level to watch. 
• Ethereum must hold $2,350 on a daily close to target $2,700 and $3,000; a loss puts $2,000 in focus. 
• XRP needs $1.25 to hold and a sustained close above $1.56 to open the path toward $2; $1 is the downside. 

Bitcoin rebound prospects depend on whether buyers defend key support levels, according to crypto analyst Ali Charts.

The analyst named $81,000 for Bitcoin, $2,350 for Ethereum, and $1.25 for XRP as the levels to watch. Each asset has reached a technical test on its daily chart.

Holding these zones could trigger recoveries across all three assets in the near term. A breakdown, however, would shift attention toward lower price targets instead.

Bitcoin Rebound Depends on $81,000 Support

Ali Charts shared the outlook in a thread on X on October 18. For Bitcoin, the analyst pointed to $81,000 as the key level.

This price marks the lower boundary of its daily rising channel. The channel connects a series of higher lows and higher highs on the daily chart.

If buyers defend that support, BTC could rebound toward the channel’s mid-range at $84,000. The $84,000 mark sits near the midpoint of the channel. From there, the next target sits at the upper boundary near $86,500.

However, a break below $81,000 would change the setup. In that case, the analyst would shift focus to $76,000 as the next level.

The $76,000 level would then become the main area for buyers. The Bitcoin rebound case therefore rests on this single channel boundary.

Ethereum Tests $2,350 Support

Ethereum faces a similar test at $2,350. This level acts as the support line of a right-angled ascending broadening pattern. Such patterns form when price swings widen while support rises over time.

A bounce from this zone could lift ETH toward $2,700. A stronger move could extend the rally to $3,000. The $3,000 target would require sustained momentum after the first move. Both targets depend on buyers holding the pattern’s lower boundary.

On the other hand, a daily close below $2,350 would change the outlook. A close below that line would invalidate the support the pattern relies on. In that scenario, the analyst would watch $2,000 instead. Ethereum therefore needs to hold that line on a closing basis.

XRP Watches $1.25 Inverse Head-and-Shoulders

For XRP, Ali Charts is watching $1.25. Holding this level could complete the right shoulder of a potential inverse head-and-shoulders pattern.

The pattern appears on the 3-day chart. This formation often signals a potential trend reversal when the price breaks above its neckline.

The rebound would still need confirmation, though. A sustained close above $1.56 could open the path toward $2. The $1.56 level acts as the resistance XRP must clear first. Such a move would confirm the setup on the higher timeframe.

Failure to hold $1.25 would change the picture. In that event, $1 becomes the downside level to watch. That level would mark a drop of roughly 20% from the $1.25 support. All three setups, including the Bitcoin rebound case, depend on support holding in the coming sessions.

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