Why Crypto Is Going Up Today? XRP Price, Bitcoin, Ethereum and Dogecoin Rebound After $19B Wipeout

The cryptocurrency market is experiencing a strong recovery today, Monday, October 13 2025, with Bitcoin, Ethereum, XRP and Dogecoin prices all posting significant gains after one of the most brutal selloffs in crypto history.

The combined market value of all cryptocurrencies has first slumped 20% to $3.25 trillion to surge more than 6% to almost top $4 trillion, driven by easing US-China trade tensions and a massive reset in leveraged positions.

In this article, I conduct a technical analysis of the XRP/USDT, BTC/USDT, ETH/USDT, and DOGE/USDT charts, drawing on more than 10 years of experience as a cryptocurrency analyst and active investor, while also addressing the question of why crypto is going up today.

Why Crypto Is Surging? Market Recovery After Historic Liquidation

Bitcoin (BTC) price climbed to approximately $115,683 on Monday morning after sliding below $105,000 on Friday, while Ethereum surged back to $4,157 following a drop to less than $3,500. The recovery comes after President Donald Trump and Vice President JD Vance signaled openness to a deal with China, cooling fears that followed Trump's announcement of severe new tariffs on Friday.

The weekend selloff triggered a record $19 billion in liquidations across crypto markets, marking the largest single-day liquidation event in the asset's history. Over 1.6 million traders were liquidated as leverage, automatically triggered sales, and low liquidity at odd hours compounded losses.

"Bitcoin and the broader crypto market endured one of the sharpest sell-offs in years late last week, initially pressured by risk-off flows tied to renewed global trade tensions," explained Joel Kruger, strategist at LMAX. He noted that the weakness was amplified by technical issues that triggered forced liquidations across leveraged positions, creating an unprecedented event in scale.

There is no sign of crypto market rout on the heat map currently. Source: CoinMarketCap.com

"What we saw at the weekend was arguably a flush out of leveraged long positions that arguably failed to see the writing on the wall when China announced its rare earth minerals policy," Paul Howard, Director at Wincent, commented for FinanceMagnates.com "When we talk about fragility, the main points I have yet to see are exchanges systematically stopping withdrawals, market makers going bust, or a run on the bank scenario which has plagued traditional financial markets the last 100 years."

Bitcoin Price Rebounds 13% And Tests $116K

Bitcoin's recovery has been supported by important technical levels that held during Friday's crash. The 200-day exponential moving average (200 EMA), combined with the 38.2% Fibonacci retracement and a broad support zone drawn from May peaks through August lows, successfully stopped the cascade of selling. Saturday remained relatively calm, Sunday brought a 4% rebound, and Monday saw Bitcoin test the 50 EMA with session highs near $116,000.

According to my own technical analysis, the next potential resistance levels sit at $120,000 (July peaks), $123,000 (August highs), and ultimately around $126,000, which represents the current all-time high set on October 6. As long as Bitcoin remains above the 200 EMA and the green support zone, bulls should have little reason for concern.

Why Bitcoin price is going up today? Source: Tradingview.com

The main support remains at the 50% Fibonacci retracement near $100,000. Only a drop to five-digit values would signal that bears are taking control, potentially opening the door to a decline toward $74,000, the April 2025 lows.

If you want to learn more about Bitcoin, read also my previous BTC price prediction here.

"As ugly as the price action was for many, don't forget a 10% drawdown on BTC is not unusual in this asset class," Howard added. "The main points of concern would be those protocols and coins that lost over 30% their value or whose value was momentarily (close to) zero."

Ethereum Joins The Recovery

Ethereum (ETH) has posted one of the strongest rebounds among major cryptocurrencies, surging 11.7% to $4,157.88. On the daily chart, Ethereum showed the least drastic effects from Friday's selloff, with prices halting depreciation at the 200-day exponential moving average and the 50% Fibonacci retracement before bouncing dynamically from this level.

Sunday's 11% correction allowed Ethereum to return to the consolidation range that has been in place since August, and Monday's session saw the cryptocurrency establish highs at approximately $4,220. As my technical chart shows, the only concern for investors may be the 50-day EMA, which currently acts as resistance and could hinder the rebound toward the target resistance level of $4,800 stretching up to $5,000.

"Since then, however, the market has shown resilience," Kruger noted, adding that both Bitcoin and Ethereum have retraced a meaningful portion of their losses, with investors encouraged by the ability of systems to stabilize after the shock.

Why Ethereum price is going up today? Source: Tradingview.com

XRP Rebounds From Yearly Lows

XRP has gained 7.4% during Monday's recovery, testing the $2.64 level after briefly falling to its lowest point since November 2024 on Friday. The weekend brought a corrective bounce, with Saturday's 6% gain followed by Monday's nearly 4% advance.

My technical analysis reveals that bears currently remain in control, as the price has fallen and is holding below the 200-day exponential moving average (200 EMA), which separates long-term uptrends from downtrends. XRP has also dropped outside the consolidation pattern drawn from July, whose lower boundary is marked by the $2.62 level representing May peaks combined with the 61.8% Fibonacci retracement.

Why XRP price is going up today? Source: Tradingview.com

This combination creates a strong confluence of resistance that XRP is currently battling, and a return above it will be necessary to see a chance of a move toward $3.60, this year's maximums. Until that occurs, downside scenarios remain more likely, with the first potential support at $2.32 and ultimately a possible test of the round $2.00 level, last tested in June.

Dogecoin Leads The Altcoin Comeback

Dogecoin (DOGE) has emerged as one of the recovery leaders, jumping nearly 10% in 24 hours as discounted valuations enticed bargain hunters. Although Dogecoin's price dropped dynamically on Friday, losing several dozen percent, the weekend managed to maintain the vicinity of the support zone, including the 19-cent level representing horizontal support set by August minimums.

Sunday's session brought a dynamic rebound of nearly 12%, and on Monday the price is rising 1.7%, testing levels above 21 cents. However, technical analysis shows that a break occurred in the important trendline drawn from summer lows, and although Dogecoin has returned to the consolidation range of recent months, finding itself below this trendline and the grid of moving averages will increase pressure on buyers.

Why Dogecoin price is going up today? Source: Tradingview.com

I predict that if local support holds, a move toward 25 cents (May peaks) and ultimately to 29 cents (the highest levels since February) would be likely. However, if the price drops below the current support zone, bears could clearly take control, targeting a level between 17 and 15 cents, the June-July minimums.

Related stories:This Dogecoin Price Prediction Suggests DOGE Could Surge 445%, Breaking the $1 Barrier

3 Key Reasons Crypto Is Rising

1. Strong Institutional Support

Institutional demand through Bitcoin and Ethereum ETFs remains solid. “ETF inflows are strong, exchange balances are near lows, and the broader narrative looks healthier after the correction,” said Justin d’Anethan of Arctic Digital. Bitcoin ETFs saw $3.24 billion in inflows before the selloff, underscoring sustained institutional interest.

2. Leverage Reset Strengthens Market

The recent liquidation wiped out excess leverage, creating a more stable market. Funding rates have dropped to their lowest since the 2022 FTX collapse, marking one of the sharpest resets in crypto history, according to Coinglass. Open interest in Bitcoin and Ether options fell by half, which analysts say will support steadier prices ahead.

3. Trade Tensions Ease

Crypto rebounded as China clarified that rare-earth controls weren’t a full ban and Trump signaled cooperation with Beijing. Markets viewed this as a cooling of trade tensions, lifting risk assets. “The rebound reflects a softer trade tone and renewed risk appetite,” said Richard Galvin of DACM.

Kruger, however, cautioned that fragilities remain despite the recovery. "The trade backdrop continues to inject uncertainty into the global outlook, and the episode has reinforced concerns over the robustness of crypto market infrastructure," he explained, noting that while investors appear willing to look through the disruption, confidence could be tested again should external shocks resurface.

Please also check my previous cryptocurrency analyses and posts:

Crypto News FAQ

Why is crypto going up today?

The cryptocurrency market is surging on October 13, 2025, primarily due to easing US-China trade tensions after President Trump and Vice President JD Vance signaled openness to a trade deal with China. This followed Trump's conciliatory message stating "the U.S.A wants to help China, not hurt it," which cooled fears from Friday's severe tariff announcement.

Why did Bitcoin price drop on Friday?

Bitcoin crashed on Friday, October 10, 2025, after President Trump announced severe new 100% tariffs on Chinese imports, triggering panic selling across risk assets. The selloff was amplified by technical issues including oracle malfunctions that triggered forced liquidations across leveraged positions.

Will Ethereum price continue rising?

Ethereum's technical outlook appears constructive as the cryptocurrency has reclaimed the $4,157 level and returned to its consolidation range established since August. The 200-day exponential moving average and 50% Fibonacci retracement successfully held as support during Friday's crash, demonstrating strong buying interest at lower levels.

Is XRP a good buy right now?

Yes. XRP is currently testing critical technical resistance at $2.64, which represents a confluence of the 200-day exponential moving average, May peaks at $2.62, and the 61.8% Fibonacci retracement level. Technical analysis suggests bears remain in control as XRP trades below the 200 EMA and has dropped outside the consolidation pattern drawn from July.

Should I buy Dogecoin after the crash?

Dogecoin has shown strong recovery momentum, jumping nearly 10% in 24 hours as discounted valuations attracted bargain hunters following the weekend crash. The cryptocurrency successfully held the 19-cent support level representing August minimums during Friday's selloff, and Sunday's 12% rebound demonstrated resilient buying interest.