Market Analysis: Bitcoin, XRP, Ether, and Solana Trading Outlook on December 8, 2025
Bitcoin (BTC) is trading around $91,235.39 within a counter-trend rising channel amid a larger descending trend. A technical breakout above $96,500 would be bullish, potentially reviving the medium-term uptrend, especially as the weekly chart shows defense of the 100-week simple moving average (SMA). However, downside risks remain if BTC falls below the hourly channel, which could lead to testing the $80,000 support area.
Ether (ETH) is following a similar pattern, trading in a counter-trend rising channel amid broader downtrend conditions. A decisive break above $3,200 would confirm a bullish revival and signal potential resistance near $3,620. Conversely, invalidation of the channel on the downside would reinforce the downtrend, with immediate support around $2,630. The $3,200 level is crucial to watch as a pivotal point.
XRP is currently testing critical support at $2 amid bearish momentum indicated by declining 5- and 10-week SMAs. A breakdown below $2 could trigger holder capitulation and push prices toward $1.63, corresponding to the 61.8% Fibonacci retracement of the 2024-2025 rally. Conversely, daily closes above $2.30 would negate the bearish pattern and suggest a potential revival.
Solana (SOL) remains range-bound between resistance at $145 and support near $120, trading close to $134 without clear directional momentum. A bullish breakout could target $160 based on a measured-move, while a downside break may extend the ongoing downtrend.
