Crypto market up today as Bitcoin, Ethereum and XRP lead broad rally

The crypto market has rebounded, with Bitcoin rising 10% over the last eight days and Ethereum up 12% in the same period. Total market capitalization is up about 2.95% to $2.47 trillion in 24 hours, adding roughly $209 billion in value.

Why crypto is rallying

The rally is being driven primarily by Japan’s regulatory momentum. The Japanese cabinet has approved a bill that classifies crypto as official “financial products,” giving institutions more confidence to treat crypto similarly to traditional assets.

Secondary factors cited include reduced geopolitical risk from Iran ceasefire talks and strong technical momentum, with Bitcoin testing a key resistance zone.

Near term, the outlook remains bullish if Bitcoin holds its $69,000–$70,000 support range. Traders are also watching the SEC’s CLARITY Act roundtable on April 16, which could either reinforce the current momentum or prompt a reassessment.

Bitcoin price analysis

Bitcoin is trading around $72,900–$73,000. While it remains within a larger bearish trend, it is showing signs of a relief rally after a deep oversold phase.

BTC is testing a major resistance zone between $72,000 and $76,000. This range has acted as strong resistance since 2024 and has repeatedly flipped between support and resistance over 2025 and 2026. If BTC breaks and holds above $76,000, analysts expect a move toward the mid-$80s, around $85,000–$86,000, as the next major target.

Ethereum price analysis

Ethereum has rebounded above $2,240–$2,250, recovering about 9% over the last week.

On the daily chart, ETH is trading between $2,150 and $2,250, a range described as critical. If Ethereum holds this zone as support, the bullish inverse head and shoulders structure remains intact, with a technical target around $2,430 as the next upside level. A confirmed break below $2,150–$2,200 would invalidate the pattern and reopen the door to deeper downside.

In the short term, analysts expect a potential one-day cool-off before the next leg higher, mirroring Bitcoin’s structure.

XRP price analysis

XRP is trading around $1.35, up about 3% over the last seven days, and remains in a larger bearish trend on the weekly chart. The price is testing a long-watched support zone around $1.30–$1.35, which has served as a major downside target and bounce area for months.

• Support area: $1.30–$1.35 (tighter band near $1.32–$1.33)
• Resistance area: $1.44–$1.45

If XRP holds above $1.30, downside may be limited and the coin could trade sideways in the $1.30–$1.45 range. XRP is expected to follow Bitcoin’s lead over the next few days: if BTC pulls back during a small cool-off, XRP is likely to see similar weakness, though not necessarily a full breakdown as long as the $1.30 floor holds.