#DecemberMarketOutlook
Bitcoin (BTC), according to TradingView, started Monday with a decline. As of 07:17 (MSK), the cryptocurrency is trading at $86 030. The minimum for Bitcoin in the last 24 hours is $86 214, and the maximum is $91 965.
The second largest cryptocurrency by market capitalization, Ethereum, also started the day with a drop. As of the time of writing this review, the coin is trading at $2 817.
In the top 10 most capitalized cryptocurrencies, all coins, except for stablecoins, have fallen over the past 24 hours and seven days. The largest loss in the last 24 hours is Dogecoin (-8.15%), and over seven days it's Cardano (-7.48%).
In the top 100 most capitalized cryptocurrencies, the best result for the day was recorded for MemeCore (+8.38%), for the week — for Kaspa (+30.01%). Over the last 24 hours (-21.91%) and seven days (-37.60%), Zcash lost value more than others.

- Update on alternative currencies: Ethereum and XRP remain stable:
The price of Ethereum has settled above $3000 at the time of writing this report on Friday, as optimists seek to determine the future market direction. The Relative Strength Index has risen to 42 from the oversold area on the daily chart, indicating a waning downward momentum, and that optimists may be heading towards the 50-day exponential moving average at $3451.
At the same time, the MACD indicator issued a buy signal on Wednesday, encouraging investors to increase their risk exposure. It requires a steady upward trend above the zero line to strengthen the bullish momentum.
However, the presence of two deadly crossovers on the same daily chart indicates the continuation of negative expectations, which may continue to put pressure on the price of Ethereum. A death cross pattern forms when a short-term moving average crosses below a long-term moving average, as illustrated on the daily chart.
Despite support at $3000, Ethereum remains at risk of resuming its decline towards support at $2629, which was tested on November 21, unless the upward trend advances above the 50-day exponential moving average at $3451 and the 200-day exponential moving average at $3503.
The daily chart for the ETH/USDT pair
For the XRP currency (XRP), the price remains below the declining 50-day exponential moving average at $2.37, the 100-day exponential moving average at $2.51, and the 200-day exponential moving average at $2.52, which are trending downward, limiting its rebounds. The blue line of the MACD indicator on the daily chart has risen above the signal line, indicating a decrease in bearish momentum. At the same time, the relative strength index (RSI) remains neutral at 47, limiting XRP's rise while staying below the midpoint of 50.
The daily chart for the XRP/USDT pair
The descending trend line at $3.66 limits gains, with resistance at $2.66, and a breakout above this level will lead to a more effective recovery phase. While the price is trading below the SuperTrend ceiling at $2.40, rebounds will remain fragile, and it will face selling pressure as it approaches the EMA range. A breakout above these upper obstacles could change the price trajectory upward; otherwise, the prevailing bearish trend will remain unchanged.

- Data in the spotlight: Bitcoin, Ethereum, and XRP face difficulties amid weak retail interest:
The Bitcoin derivatives market has not recovered since the crash on October 10, as evidenced by the average open interest of futures contracts (OI), which reached $60 billion on Friday, down from $65 billion on November 21 and $71 billion on November 1, and the record high of $94 billion, which was reached on October 7.
The OI indicator tracks the nominal value of open futures contracts, where a steady increase would support positive expectations for Bitcoin and investor confidence. However, if the OI indicator continues to decline in the coming weeks, it will be difficult to support recovery, making Bitcoin susceptible to volatility.
Open Bitcoin futures contract chart.
The interest of individuals in Ethereum derivatives shows a similar picture to Bitcoin, as futures approached $36 billion as of Friday. It has become more difficult to maintain the recovery since the OI index began correcting from its all-time high of $70 billion, which it reached in late August. With Ethereum remaining above the short-term support level of $3,000, interest in smart contract tokens must steadily rise to support its recovery towards $4,000.
Open Ethereum Futures Contracts Chart.
The XRP derivatives market also declined, with the open interest (OI) of futures contracts reaching $4 billion on Friday, which is more than half lower than $8.36 billion on October 10 and $10.94 billion, which recorded an all-time high on July 22.
XRP Open Futures Contracts Chart

Altcoin Update: Ethereum and XRP are sending mixed signals.
The price of Ethereum settled above $3000 at the time of writing this report on Thursday, as optimists seek to regain control. The Relative Strength Index rose to 41 from the oversold area on the daily chart, indicating a waning bearish momentum, and that the optimists may be heading toward the 50-day exponential moving average at $3468.
At the same time, the MACD indicator issued a buy signal on Wednesday, encouraging investors to increase their risk exposure. A consistent upward trend above the zero line is required to strengthen the bullish momentum.
However, the presence of two death cross patterns on the same daily chart indicates that the bearish outlook remains clear and may continue to put pressure on Ethereum. A death cross pattern forms when a short-term moving average crosses below a long-term moving average, as shown on the daily chart.
The daily chart for the ETH/USD pair
As for the Ripple currency (XRP), recovery still seems like a fantasy, as the price remains below a resistance level at $2.30. The Relative Strength Index is stable at 46, indicating weak momentum, and suggests the possibility of continued sideways trading in the short term.
The decline in the Relative Strength Index (RSI) towards the oversold territory indicates increasing bearish momentum. One of the key areas of interest for traders is the next supply zone at $2.07, which was tested on Friday, and the support level at $2.00.
The daily chart for the XRP/USDT pair
However, the MACD indicator shows a confirmed buy signal on Tuesday when the blue line crossed above the red signal line. The path of least resistance will remain upward towards the 50-day exponential moving average at $2.36 if the MACD bounces above the average line with the expansion of the green histogram bars.

$BTC Update
Price is bouncing nicely off the 80.6k sweep and pushing back into the mid-range
As long as BTC holds above 84k–85k, momentum favors a continued relief move.
I’m still bearish until we reclaim the yearly open, but this short-term structure is doing exactly what it should.
Path remains the same: hold the level → push into 87.5k next.