Bitcoin breaks through 90,000 in the short term! The three major mainstream coins rallying, XRP selling pressure weakening

U.S. President Trump advances Ukraine-Russia ceasefire negotiations, risk asset sentiment improves. On Monday, Bitcoin broke through the $90,000 level, with a daily chart forming a symmetrical triangle pattern, targeting the 50-day EMA at $92,202. XRP approaches the descending wedge resistance trendline at $1.94, RSI at 45 slowly approaching the midline, indicating weakening selling pressure.

Trump’s Peace Negotiations Catalyze Risk Asset Rebound

Bitcoin, Ethereum, and XRP started the week strong, partly influenced by President Trump’s efforts to facilitate a ceasefire between Ukraine and Russia. In recent talks with Ukrainian President Zelensky regarding a possible peace agreement, Trump stated he had achieved “great progress.” However, breakthroughs on key territorial disputes remain elusive, possibly requiring several weeks.

This progress has multi-dimensional effects on the crypto market. First, peace negotiations reduce the risk of global conflict escalation, improving overall risk appetite. When geopolitical tensions ease, investors are more willing to allocate funds to risk assets like Bitcoin and Ethereum rather than safe-haven tools such as gold or US Treasuries. Second, easing of the Russia-Ukraine conflict may alleviate inflationary pressures, as stable energy and food supplies will lower commodity prices.

Additionally, amid liquidity shortages during the holiday period, Bitcoin, Ethereum, and XRP still collectively rose by 3%, indicating buying strength has not vanished due to the holiday. This resilience suggests market structure is improving, with selling pressure already fully released in earlier phases. On the technical side, momentum indicators for the three major coins show signs of turning bullish, laying the groundwork for a breakout in early 2026.

Bitcoin Triangle Breakout Target $92,202

(Source: Trading View)

As of Monday’s close, Bitcoin rose over 2%, breaking the $90,000 level. The intraday rebound hints at a potential bullish Marubozu candlestick, with the bullish target at the 50-day EMA of $92,202. Additionally, Bitcoin forms a symmetrical triangle pattern on the daily chart, created by two converging trendlines. The resistance trendline above, near the 50-day moving average, connects the highs of November 15 and December 9.

A symmetrical triangle is a classic technical pattern, often seen as a consolidation phase, indicating the market is building momentum for the next directional breakout. The pattern features decreasing highs and increasing lows, culminating at a critical point where a breakout is most likely. Currently, Bitcoin is at the end of this triangle, making it the most probable moment for a breakout.

If Bitcoin can hold steadily above $92,202, it will confirm the triangle breakout. In this case, the highs of November 15 at $96,846 and the 200-day moving average at $101,029 may serve as potential resistance levels. The Relative Strength Index (RSI) is currently at 53, showing an upward trend after crossing the midline, indicating increasing buying pressure. Additionally, the Moving Average Convergence Divergence (MACD) is approaching zero, suggesting strengthening bullish momentum.

On the downside, if Bitcoin falls below the support trendline near $86,250, it would signal a bearish breakout of the triangle pattern. The lows of November 21 and December 18 at $84,450 and $80,600 could act as support levels. This dual-scenario framework provides traders with clear operational guidance: buy on breakout above $92,202, and consider short positions or stop-losses below $86,250.

Ethereum Four-Day Rally Target $3,136

(Source: Trading View)

Ethereum’s price broke above $3,000, marking the fourth consecutive day of gains. As of the report, ETH is up over 3%, approaching the 50-day moving average at $3,136. If ETH breaks above this moving average, the rally could extend to the 200-day moving average at $3,374, representing an 11% increase from current levels.

Similar to Bitcoin, Ethereum’s momentum indicators on the daily chart also show signs of a strong rebound. The RSI is now at 51, crossing above the midline, indicating rising buying pressure. There is still room for upward movement before reaching overbought levels, suggesting further growth potential. Meanwhile, the MACD is trending upward, diverging from the signal line, avoiding a bearish crossover. This indicates Ethereum’s upward momentum remains robust.

The significance of Ethereum’s four-day continuous rise is that this persistence demonstrates sustained buying interest rather than a fleeting move. In technical analysis, consecutive days of gains often signal a trend reversal. When the market shifts from a downtrend or sideways movement to continuous upward movement, it typically marks the beginning of a bullish phase.

From the downside, the main altcoin may test the local support trendline connecting the lows of November 21 and December 18, near $2,850. If this support is broken, a deeper correction could be triggered. However, current momentum indicators suggest the downside risk remains relatively low.

XRP Wedge Breakout Target $2.06

(Source: Trading View)

As of Monday’s close, XRP rose over 2%, approaching the descending wedge resistance trendline on the daily logarithmic chart, near $1.94. If XRP successfully breaks above this trendline, it could target the 50-day moving average at $2.06. The descending wedge is a bullish continuation pattern, where prices narrow between two downward-sloping trendlines, increasing the likelihood of an upward breakout.

The RSI is currently at 45, slowly approaching the midline, indicating weakening selling pressure. Meanwhile, the MACD, after crossing above the signal line on Saturday, continues its upward trend, further strengthening bullish momentum. The convergence of technical indicators with the price approaching the wedge resistance enhances the probability of a successful breakout.

Conversely, if XRP falls below $1.90, it may target the S1 pivot point at $1.79. Pivot points are commonly used in technical analysis to identify support and resistance levels, calculated based on previous week’s high, low, and close. S1 is the first support level; losing it could trigger a deeper technical correction.

Key Technical Levels for Major Cryptocurrencies

Bitcoin: Break above $92,202 confirms triangle, targets $96,846 and $101,029; below $86,250 watch for $84,450

Ethereum: Break above $3,136 targets $3,374, 11% upside; support at $2,850

XRP: Break above $1.94 wedge resistance targets $2.06; below $1.90 watch for $1.79