Market Shifts: Bitcoin Breaks Through $95K, Ethereum Eyes $3,500, While XRP Tests Key Levels

The crypto market is showing fresh vigor as major digital assets extend their advances. Bitcoin has surged past the critical $94,253 Fibonacci level, Ethereum is building on its recovery from the 50-day EMA support, and XRP is staging a rebound with potential for further appreciation.

Bitcoin’s Breakthrough Ignites Bullish Momentum

Bitcoin’s technical setup has turned decisively constructive. After finding a floor near the $90,000 consolidation zone earlier this month, the asset has been climbing steadily. The decisive moment came when BTC punched above the 61.8% Fibonacci retracement level—a barrier drawn from April’s lows around $74,508 to October’s peak of $126,199.

Currently trading near $96,910, Bitcoin is displaying strong momentum indicators that suggest the uptrend could persist. The daily RSI has climbed to 66 and continues rising, a sign that buying pressure remains healthy without yet reaching overbought territory. The MACD indicator further supports this narrative, displaying a bullish crossover with expanding green histogram bars above the neutral line.

Market participants are now eyeing the psychological $100,000 milestone as the natural next target. Should momentum falter, however, the $94,253 level—recently breached—would serve as the critical support zone to defend.

Ethereum Leverages Support Zone for Fresh Rally

Ethereum has demonstrated classic recovery behavior, bouncing from its 50-day EMA support zone. Last week’s lows around $3,139 provided the foundation, and this week the asset has shown renewed strength. Now trading near $3,360, Ethereum has added approximately 2% over the past 24 hours.

The technical picture mirrors Bitcoin’s setup—RSI readings remain bullish, MACD signals continue to flash green, and higher closing prices suggest institutional accumulation. The December 10 high near $3,447 represents an intermediate target, though the broader focus remains on whether Ethereum can establish fresh momentum toward $3,500.

A corrective pullback could see the asset retreat toward the 50-day EMA at $3,139, but such moves would likely be buying opportunities rather than trend reversals based on current indicator alignment.

XRP Rebounds While Tracking AUD Conversion Dynamics

XRP has been rebounding after finding support near its 50-day EMA around $2.07-$2.17. Currently positioned near $2.12, the coin is displaying mixed 24-hour momentum with a slight pullback of -0.32%, yet the broader weekly context remains constructive.

For traders and investors monitoring XRP to AUD conversion rates, the technical structure remains intact. The $2.35 level represents the key resistance zone where sellers have historically emerged, making it a natural target for the current recovery phase. Momentum indicators (RSI and MACD) are aligned with the broader market’s bullish lean, suggesting that pullbacks toward $2.07 should be viewed as accumulation zones rather than trend breaks.

The Technical Consensus: Upside Bias Intact

Across all three major assets, a coherent technical narrative has emerged. Support zones are holding, resistance levels have been breached, and momentum indicators are pointing toward continued strength. Bitcoin targeting $100,000, Ethereum approaching $3,500, and XRP eyeing $2.35 represent the next significant inflection points for market participants to monitor. Should these levels break decisively, the path toward higher valuations would open further.