Bitcoin price eyes potential upside as key resistance levels approach; XRP down 3%

Bitcoin is trading steadily above $87,000 as bulls attempt to push the market toward an upside breakout, while XRP has posted a sharp daily surge amid growing speculative leverage. The two leading digital assets have shown strong short-term recovery signs following recent market turbulence, though technical indicators signal different risk profiles ahead. Bitcoin holds above support, approaches critical resistance zone Bitcoin price maintained strength above the $83,500 support level, forming a technical base that has allowed a gradual recovery. The cryptocurrency climbed past $85,500 and cleared resistance at $86,000, moving above the 50% Fibonacci retracement level of the decline from the $92,872 high to the $80,595 low. Despite momentum building, sellers are still defending the $90,000 zone. A bearish trend line is forming near $88,200 on the hourly BTC/USD chart, suggesting a potential area of rejection if buyers fail to break higher. Bitcoin currently trades near $87,000 and remains positioned above the 100-hourly simple moving average, offering near-term support for continued attempts to rally. Key upside barriers remain at $88,200, $89,000, and $90,000. Analysts note that a confirmed close above $90,000 may clear the way for a move toward $91,750, followed by $92,500. If bullish pressure sustains, extended gains could lead to further resistance between $93,500 and $94,000. Downside risk remains if BTC fails to break higher While momentum has improved, Bitcoin still faces potential downward pressure if resistance remains intact. Initial support lies at $86,700, followed by more substantial levels at $86,200 and $85,000. A break below these could reintroduce selling pressure, potentially pulling the price back to $83,500. The primary support for the trend sits at $82,000. A drop below this mark could accelerate losses in the near term, unsettling the current recovery structure. Technical indicators remain cautiously optimistic, with the hourly MACD moving further into bullish territory and the RSI holding above 50, signaling strength, though not yet indicating a clear breakout. XRP falls 3% as speculative leverage builds XRP fell 3% in the past 24 hours, trading at $2.17. The move comes even as newly launched XRP exchange-traded funds from Franklin Templeton (XRPZ) and Grayscale (GXRP) went live on NYSE Arca. Analysts warn that speculative positioning appears to be building rapidly. The XRP Open Interest Delta RSI recently surged above 70, signaling aggressive growth in derivatives exposure. Historically, such moves have aligned with short-term market tops. Past instances displayed in market data show that rallies accompanied by rising leverage have often been followed by corrections. Recent retracements below $2 have also triggered significant realized losses. Data shows that each time XRP retested the $2 mark in 2025, investors recorded between $0.5 billion and $1.2 billion per week in realized losses — highlighting the psychological and liquidity weight of this price level. The post Bitcoin price eyes potential upside as key resistance levels approach; XRP down 3% appeared first on Invezz