BTC·ETH·XRP, after the rally, in 'correction mode' at major resistance levels... Whether to break through will determine the future direction

On Wednesday, in the spot market, Bitcoin(BTC), Ethereum(ETH), and Ripple(XRP) are showing a pattern of slowing down after recent strong upward momentum. Each asset is facing not just a simple correction but a consolidation phase interpreted as preparation for the next rally.

• BTC is trading near $96.66K and has failed to break above the daily close resistance(Fibonacci 61.8% retracement) at $94,253.
• ETH is testing an important threshold at $3,308(100-day moving average) and is currently trading around $3.35K.
• XRP has lost momentum after a sharp rise and is now correcting at around $2.11, having previously surged to $2.35.

All three assets maintain strong momentum, but until they definitively break through resistance levels at the daily close, sideways movements are likely to continue.

Bitcoin: Holding Support at $96.66K… The Prelude to the $100,000 Psychological Level

BTC broke through the previous top of the $90,000(existing box range) at the weekly close last week, showing strong upward momentum. On Monday, it gained about 4%, retesting the 61.8% Fibonacci retracement of the October high from the April low at $94,253.

However, resistance appeared at this level, and currently, the market is engaged in a psychological battle near $96.66K.

Bullish Scenario: If the daily close clearly exceeds $94,253, the next target is set at $100,000(market’s psychological resistance). The RSI is at 59, above 50, indicating continued buying pressure, and the green histogram following the MACD golden cross suggests bullish strength.

Bearish Risks: If correction pressure intensifies, there is a risk of falling below the 50-day moving average($91,774), which could lead to a retest of the $90,000 level.

Ethereum: Breaking $3,308 is Key to $3,447… Indicators Still Bullish

ETH broke above the daily resistance($3,017) on Friday and rose about 6% by Tuesday, approaching the 100-day moving average at $3,308. Whether it can stay above this threshold remains a critical signal.

It’s noteworthy that a clear breakout has not yet been confirmed on the daily close.

Bullish Scenario: If ETH clearly surpasses $3,308, the next resistance is at the December 10 high of $3,447. Both RSI and MACD continue to show bullish signals, suggesting that “even if a correction occurs, the upward trend remains intact.”

Bearish Risks: If a retracement deepens, the 50-day moving average($3,134) is expected to serve as a key support level.

XRP: Failing to Break $2.35 Resistance and Correcting… $2.07 as Support

XRP broke above the daily resistance($1.96) on Friday and surged over 16% by Monday. However, it faced resistance at $2.35 and is now correcting at around $2.11.

The direction in this zone will likely determine whether the next move is a further rally or an extension of the correction.

Bullish Scenario: A daily close above $2.35 would set the next target at $2.72. Both RSI and MACD still indicate bullish signals, so a “temporary pause followed by a rebound” cannot be ruled out.

Bearish Risks: If correction deepens, the 50-day moving average($2.07) will likely act as a key support level.

Overall Assessment: All three assets maintain bullish structures according to technical indicators, but whether they can break through resistance levels will be crucial for the next phase. Until clear daily close breakouts occur, sideways volatility is expected to persist.