Technical Analysis

XRP has bounced from support above $2.020 and is trading over $2.050 and the 100-hourly Simple Moving Average while facing resistance near $2.0850 and $2.10. A close above $2.120 could see the price revisit $2.160 and potentially the $2.20–$2.2650 area. Failure to clear $2.10 may instead trigger another decline toward $1.950 and even $1.850. Technical indicators show the MACD in negative territory and the hourly RSI below 50, pointing to persistent downside pressure at resistance.

Ethereum has extended gains above $3,020 and $3,050 and is consolidating over $3,075 along with the 100-hour simple moving average, according to the analysis. A clear move above $3,180 and $3,220 could open upside toward $3,350, with $3,450-$3,500 next, while failure keeps the focus on $3,080, $3,015 and $2,975 on the downside. Sellers were active below $3,200, and the RSI has slipped under 50 as the MACD shows fading upside momentum.

Ethereum is trading in a narrow band between key support and resistance, with analysts flagging the $3,000 area as a critical base for the current structure. One analyst highlights fresh ETH long positions from large whales and says a clean break above $3,300–$3,400 could fuel a push toward $3,700–$3,800, while failure there could send the price back to retest $3,000. Another analysis notes that Ethereum is reacting from a major weekly support zone and argues that both a bullish continuation and the formation of an additional low remain plausible paths.

Bitcoin fell after sellers capped gains near $92,500 and is trading under $91,000 and the 100-hour simple moving average. On the BTC/USD hourly chart, a contracting triangle marks support at $90,000 with $89,500 the next key level, according to Kraken data. A close above $92,000–$92,500 could open a move toward $93,500 to $94,500.

Bitcoin whipsawed from $89k to $87k and then to $91k within a single four-hour candle, putting the $90k threshold in focus. Analysts said $171 million in long positions and $71 million in shorts were liquidated in that window, with nearly $500 million erased over 24 hours. Open interest has fallen $30 billion from a $94 billion October peak, signaling deliberate de-risking.

On December 7, 2025, Michael Saylor signaled potential renewed Bitcoin accumulation by sharing a StrategyTracker chart indicating Strategy holds about 650,000 BTC worth nearly $58 billion at an average buy price of $74,436 across 88 purchases. BitcoinTreasuries.NET data show public companies collectively hold around 1,059,453 BTC, after ABTC added 363 BTC and Cango bought 130.6 BTC. Glassnode metrics shared via Bitcoin Archive indicate the Hash Ribbon has turned bearish again and Short-Term Holder NUPL has dropped below zero.

Ethereum rebounded above $3,150 after a volatile decline, while broader market sentiment remains split between expectations of further downside and hopes for a bull cycle into 2026. On-chain data from Hyperdash, shared by Lookonchain, shows several of the most profitable whale traders have opened Ethereum long positions totaling hundreds of millions of dollars. Large allocations by BitcoinOG, the Anti-CZ whale, and pension-usdt.eth indicate these players view recent ETH lows as a buying opportunity rather than a warning signal.

On December 8, 2025, XRP extended its decline toward the $2 level after dropping from $2.20, stoking fresh concern among holders as social sentiment fell into the “Extreme Fear” zone, according to Santiment. At the same time, ETFs tied to XRP have recorded 15 consecutive days of net inflows totaling nearly $900 million, SoSo Value data show. XRP has recently rebounded from support around $1.95 and is trading within a falling channel, with a breakout above $2.20 on strong volume potentially opening the way for a move toward the $3 area.

On December 6, 2025, Vitalik Buterin proposed an on-chain gas futures market to let users lock in transaction costs and reduce volatility. The setup described points to a 19‑month bullish pattern, with a bounce near $2,750 and a potential neckline at $5,500. The scenario also includes a possible extension toward $10,000.

XRP derivatives showed a 29,668,367% liquidation imbalance, with $175,000 in long liquidations and just $588 on the short side, according to CoinGlass. On the four-hour view, the skew indicates minimal bearish participation even as price eased earlier in the session. This suggests pullbacks are being driven by long-leverage unwinds rather than new short pressure.