Bitcoin is testing a key resistance range between $92,734 and $101,156 following last week's recovery from near $83,000. The 55-week exponential moving average at approximately $98,300 was breached for the first time this cycle during the recent correction. The decline of roughly 35–36% aligns with historical drawdowns of 30 to 35 percent when this moving average has been broken.

Bitcoin, Ethereum, XRP, and Solana have rallied following recent sharp declines, recovering from oversold conditions and testing critical support zones. Gareth Soloway, Chief Market Strategist at VerifiedInvesting.com, has identified specific price targets for each asset. The analysis examines whether the current bounce represents a sustainable reversal or temporary relief rally amid broader market uncertainty.

Two major asset managers have introduced XRP exchange-traded funds, with XRP trading near $2.08 and posting a 3% gain in 24 hours. Franklin Templeton, managing over $1.5 trillion in assets, is expected to begin with modest seed capital while attracting significant investor inflows during the opening phase.

Franklin Templeton will launch its XRP exchange-traded fund, EZRP, on the CBOE tomorrow. The asset manager oversees approximately $1.5 trillion. XRP currently trades near $2.23, with analysts watching support at $2.10 and resistance at $2.40.

Bitcoin found buying interest in the $92,500 to $94,000 support zone after reaching oversold conditions on short-term indicators. The attempted rebound faces pressure from institutional selling, with Bitcoin ETFs recording approximately $866 million in outflows on Thursday and $492 million on Friday. BlackRock's ETF alone accounted for $463 million of Friday's withdrawals.

XRP fell approximately 8% following the debut of its first spot exchange-traded fund on Nasdaq, despite attracting $245 million in inflows on its launch day. The decline surprised market participants who had anticipated an immediate price rally after the ETF's introduction. Trading volume reached nearly $60 million during the initial session.

Canary Capital's spot XRP exchange-traded fund (XRPC) recorded $26 million in trading volume during its second session on November 20, following a $58 million debut. The fund, which holds physical XRP and tracks the CF XRP-USD Index, trades on Nasdaq amid market volatility that pushed XRP down 7.3% to $2.22.

The first spot XRP exchange-traded funds are expected to go live within the next two weeks, according to Nate Geraci, President of NovaDius. The development follows the conclusion of the SEC's five-year litigation against Ripple three months ago. Canary Capital has removed the SEC delay clause from its S-1 filing, potentially clearing the path for a Nasdaq listing on November 13.

The cryptocurrency market posted slight declines, with Bitcoin trading at $110,204 and total market capitalization at $3.7 trillion. Bitwise CIO Matt Hougan said Bitcoin could temporarily fall below $100,000 but expects a new all-time high before year-end, driven by institutional portfolio rebalancing.