Bitcoin, Ethereum, XRP triple surge! Technical indicators predict a new wave of upward movement

As of Friday’s report, Bitcoin and Ethereum are approaching key resistance levels. A successful breakthrough could trigger a new rally. Bitcoin’s price is hovering around $92,000, with the upward momentum potentially extending to the psychological level of $100,000. On the technical indicators front, Bitcoin and Ethereum’s MACD remains in a healthy bullish crossover, while XRP’s RSI approaching neutral levels indicates weakening bearish momentum.

Bitcoin Technical Outlook: $94,253 as the Decisive Level for $100K Breakout

(Source: Trading View)

Bitcoin’s price faced resistance at the 61.8% Fibonacci retracement level of $94,253 (drawn from the April low of $74,508 to the October all-time high of $126,199), resulting in a slight decline. However, on Thursday, Bitcoin rebounded after testing the $90,000 psychological level, and as of Friday, the price is around $92,000.

If Bitcoin breaks above the downtrend line and closes above the $94,253 resistance, the rally could extend toward the psychological $100,000 mark. This $100K target is not only a round number but also a critical resistance level that Bitcoin has tested multiple times since 2025 without establishing a stable breakout. A successful and sustained break above this level would send a strong bullish signal to the market, potentially attracting significant capital.

The daily RSI is approaching neutral at 50, indicating weakening bearish momentum. To maintain bullish strength, RSI must break above 50. Additionally, the MACD experienced a bullish crossover at the end of November, and this pattern remains valid, further supporting the bullish outlook. The MACD crossover suggests short-term momentum is stronger than long-term, often indicating a continuation of the upward trend.

On the downside, if Bitcoin continues to retrace, the next key support is at $85,569, aligning with the 78.6% Fibonacci retracement level. This support is about 7% below the current price. A break below could open the door to deeper corrections. Investors should closely monitor whether Bitcoin can hold the $90,000 psychological support, which is a crucial level for market bulls and bears.

Ethereum Bulls vs. Bears: $3,310 50-Day Moving Average as a Key Level

(Source: Trading View)

Ethereum broke above a descending trendline formed since October 7, rising 6.21%, indicating a positive shift in technical momentum. However, on Wednesday, ETH faced resistance near the $3,310 50-day exponential moving average (EMA), and on Thursday, it retreated slightly. As of Friday, ETH is approaching the 50-day EMA, which is a focal point for bulls and bears.

If ETH closes above $3,310, the rally could continue toward the next key resistance at $3,592. The 50-day EMA is an important trend indicator; a close above it often signals a shift from a downtrend to an uptrend. The $3,592 level is the previous high of the consolidation zone; breaking this could open up larger upside potential.

The daily RSI is at 54, above the neutral 50, indicating increasing bullish momentum. The MACD has a confirmed bullish crossover, supporting the bullish case. The dual confirmation from RSI and MACD enhances the reliability of a breakout signal, especially when both indicators align.

Conversely, if ETH faces a correction, it could fall toward the daily support at $3,017, about 9% below the current price. This support level has been tested multiple times and is a critical zone. A break below could invalidate the bullish structure and send ETH back into a downtrend.

XRP Support Defense: $1.96 as a Reversal Level

(Source: Trading View)

XRP found support near $1.96 on Sunday and gained 3.66% over the next two days, showing buying interest at that level. However, on Wednesday, XRP retraced most of its recent gains, and on Thursday, it fell back to the daily support at $1.96. As of Friday, XRP is trading around $2.03, testing the support level again.

If the $1.96 daily support holds, the rally could extend toward the next resistance at $2.35. The move from current levels to $2.35 represents about 16% upside, attractive for short-term traders. The significance of the $1.96 support lies in its being a solid bottom formed after multiple tests, representing a high-conviction zone for buyers.

The daily RSI is at 42, close to the neutral 50, indicating weakening bearish momentum. To sustain bullish strength, RSI must break above 50. Meanwhile, the MACD lines are converging, suggesting indecision among traders. This hesitation often precedes a directional move; a bullish crossover of MACD could confirm an upward breakout.

On the other hand, if XRP closes below $1.96, it could continue downward toward the next daily support at $1.77, about 13% below current levels, potentially triggering technical panic selling.

Key Technical Levels and Trading Strategies for the Top Three Coins

Bitcoin: Breakout target $94,253 → $100,000; Support level $85,569

Ethereum: Breakout target $3,310 → $3,592; Support level $3,017

XRP: Breakout target $1.96 → $2.35; Support level $1.77

Overall, Bitcoin, Ethereum, and XRP are all near critical technical levels as of Friday. The intact bullish MACD cross for Bitcoin and Ethereum boosts confidence, while XRP’s support test indicates buying interest. If all three can simultaneously break their respective resistance levels, a collective rally in the crypto market could ensue. Conversely, if key supports fail, deeper corrections may follow. Investors should closely watch Friday’s closing prices, as they will influence next week’s market direction.