HomeXRP newsWhy Bitcoin, Ethereum, and XRP Are Rising Today—Key Driving Factors Behind

Why Bitcoin, Ethereum, and XRP Are Rising Today—Key Driving Factors Behind

2025-12-29
Bitcoin, Ethereum, and XRP rose on Monday as traders positioned ahead of year-end, supported by improving technical signals. The cryptocurrency market roughly $67 billion in value over the past 24 hours, pushing total market capitalization to $3.12 trillion after a 2.2% surge.
Why Bitcoin, Ethereum, and XRP Are Rising Today—Key Driving Factors Behind

Bitcoin, Ethereum, and XRP rose on Monday as traders positioned ahead of year-end, supported by improving technical signals. The cryptocurrency market roughly $67 billion in value over the past 24 hours, pushing total market capitalization to $3.12 trillion after a 2.2% surge.

The uptick came as traders repositioned ahead of the final days of 2025, supported by steady macro conditions.

Market analysts noted that holding above the $3 trillion level would be critical to sustaining bullish momentum. Failure to defend that threshold could reopen downside risks toward the $2.92 trillion and $2.85 trillion levels, where buyers previously emerged.

After briefly reclaiming the $90,000 level today, Bitcoin is now trading at $89,834, up 2.4% over the past day. With a 1.2% uptick over the past week, it has reduced its monthly loss to 1.1%.

This move reflects growing attention on Bitcoin’s year-end performance. Analysts estimate the asset must rally about 6.24% above its yearly open, near $93,374, to finish 2025 in positive territory.

Bitcoin has remained range-bound below $90,000 in recent sessions, but holding above the $88,210 support level has helped stabilize short-term price action. A break above resistance near $90,300 could strengthen confidence and attract renewed buying interest.

Despite the recent gains, Bitcoin continues to trade below its 365-day moving average, a level many analysts view as an important measure of long-term trend strength. This technical positioning has kept traders cautious, particularly as year-end liquidity remains thin.

Ethereum rose by 3.1% to above $3,030, supported by improving technical indicators and renewed focus on network development. The asset rebounded after holding the $2,880 pivot level and breaking through resistance near $2,920, signaling strengthening short-term momentum.

Technical indicators such as the hourly RSI and MACD moved into bullish territory, suggesting increased buying pressure. If Ethereum holds above $2,950, analysts say the next resistance levels sit near $3,050 and $3,120.

Ethereum also drew support from updates to its development roadmap. Core developers plan to shift toward more frequent protocol upgrades, moving away from large annual releases.

The upcoming “Glamsterdam” upgrade is expected in the first half of 2026, followed by “Hegota,” which may introduce efficiency improvements such as Verkle Trees. These changes aim to reduce hardware demands for node operators and support long-term network scalability.

XRP trades at $1.90, posting a modest 1.4% gain as investors assess tightening supply conditions. On-chain data from Glassnode shows XRP balances on centralized exchanges have fallen to about 1.5 billion tokens, the lowest level in more than a year. Earlier in 2025, exchange balances stood near 4 billion XRP.

The decline in available supply follows the launch of several U.S.-based spot XRP exchange-traded funds. These products have absorbed over 500 million XRP since November, reducing the number of immediately sellable tokens.

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