The struggling cryptocurrency market... Attention on Bitcoin, Ethereum, and Ripple breaking resistance levels

As the virtual asset market stabilizes, major coins are sending signals of recovery simultaneously. Bitcoin is maintaining its upward trend by defending the psychological level of $80,000, while Ethereum and Ripple are each attempting to break through their respective technical resistance levels. Market participants are focusing on the ‘$100,000 wall(BTC)’, ‘$3,500 level(ETH)’, and ‘$2.35 mark(XRP)’.

Bitcoin, firmly in the $91,000 range… Is the phase of actively targeting $100,000 beginning?

After successfully breaking through the strong sell wall at $80,000 last week, Bitcoin has risen about 5% this week, currently defending around $87,650. It appears to be moving away from excessive selling pressure and restoring normal balance.

Market focus is clear: If the upward momentum continues, the next target is $100,000. Surpassing this level would not only overcome a psychological barrier but also confirm that the recent correction phase was a temporary dip within an ongoing upward trend.

Signals from technical indicators: The daily RSI(Relative Strength Index) is recovering toward the neutral 50 level, and the MACD(Moving Average Convergence Divergence) has formed a golden cross, indicating potential for further gains. However, if buying pressure weakens, the $85,000 support line will become a critical point for short-term trend direction.

Ethereum at $2,950… The decisive point is whether it can confirm at $3,017

Ethereum has precisely rebounded from the Fibonacci 61.8% retracement level at $2,749. Currently, it is recovering toward the $2,950 range, battling at the key resistance point of $3,017.

Future scenario: The most important factor is whether it can close above and settle at $3,017. Success here would open the technical zone up to $3,500, setting the stage for additional gains.

All auxiliary indicators like RSI and MACD are signaling easing of downward momentum, suggesting that the ‘bottom formation’ phase is nearing completion. Conversely, if it faces resistance and falls back, the $2,749 level could serve as a fallback support.

Ripple, at the ‘Moving Averages Confluence Zone’ at $2.35… A crossroads for trend reversal

Ripple recorded the lowest point in its downtrend channel and then showed a sharp rebound of over 14%, demonstrating strong resilience. It is currently accumulating energy around $2.20.

Technical assessment: The primary target for buyers is $2.35. This zone is both a daily chart resistance and coincides with the 50-day exponential moving average(EMA) at $2.36, forming a ‘strong resistance confluence zone(ConfluenceZone)’. Only if it can break through this level can a trend reversal beyond a simple technical rebound be discussed.

Indicators like MACD are showing positive signals, but if it gets pushed back from this resistance and drops to the support at $1.96, the current box range could be reinterpreted from ‘preparation for an upward move’ to ‘a resting period before a decline’.

Summary: All three coins are at a ‘critical juncture’

Whether Bitcoin can break through $100,000, Ethereum can settle above $3,017, and Ripple can surpass $2.35 are key points that will determine short- and medium-term trends. Currently, technical indicators are mostly positive, but if buying momentum weakens, defending secondary support levels for each coin will become increasingly important.