Bitcoin (BTC) price hovers around $90,000, having rallied 9.75% over the past two days.

Bitcoin (BTC) price hovers around $90,00 on Wednesday after rallying 9.75% over the past two days. Ethereum (ETH) and Ripple (XRP) followed BTC's footsteps and continued their recovery rally.

Bitcoin (BTC) price hovers at around $92,800 on Wednesday after rallying 9.75% over the past two days. Ethereum (ETH) and Ripple (XRP) followed BTC’s footsteps and continued their recovery rally. The technical outlook suggests an upward trend, targeting $95,000 BTC, $1,900 ETH, and $3 XRP.

Bitcoin bulls are aiming for the $95,000 mark

Bitcoin price has faced multiple rejections around its 200-day Exponential Moving Average (EMA) at $85,000 since April 13. On Monday, BTC finally broke above this resistance level, raising hopes of a potential rally to $95,000.

After gaining 9.7% on Monday, BTC continued its recovery rally and closed the day at around the $90,000 level. It is trading hands at around $92,800 at the time of writing.

If BTC continues its upward momentum, it could extend the rally to test its March 2 high of $95,000. The daily chart's Relative Strength Index (RSI) stands at 65, above its neutral level of 50, indicating bullish momentum. However, if BTC experiences a correction, it could find support around its key level of $85,000.

BTC/USDT daily chart

On the other hand, Ethereum price broke above the psychologically significant level of $1,700 on Tuesday, indicating an uptrend ahead.

Ethereum price closed above $1,700

Ethereum price rallied 11.19% on Tuesday, breaking above the $1,700 resistance level.

At the time of writing, it is trading at around the $1,780 level. If ETH continues its upward trend, it could extend the rally to retest its next daily resistance at $1,861. The RSI on the daily chart stands at 54, above its neutral level of 50, indicating bullish momentum.

However, if ETH experiences a correction, it could extend its losses and retest its daily support level at $1,449.

ETH/USDT daily chart

On the other hand, XRP price could continue its rally and target $3.00 if it closes above its resistance level of $2.23.

XRP could hit $3.00 if it breaks above $2.23

XRP price rose 6.53% and closed above its 50-day Exponential Moving Average at $2.19 on Tuesday. At the time of writing, it is approaching its daily resistance level at around $2.23.

If XRP closes above its daily resistance level, it will extend the rally to retest its March 24 high of $2.50 before potentially reaching $3.00. The RSI on the daily chart reads 56, above its neutral level of 50, indicating bullish momentum.

XRP/USDT daily chart

However, if XRP continues its decline and closes below its 200-day EMA, it could extend the decline to retest its next support level at $1.77.