## New Year Kickoff: Can the Three Major Mainstream Coins Break Through the Stagnation?

Since the start of the new year, the cryptocurrency market remains in a state of stalemate. Mainstream coins such as Bitcoin, Ethereum, and XRP have experienced slight fluctuations, but overall lack directional momentum. Under the influence of the shibburn mechanism, miner activity, and on-chain data, market participants are closely watching key price levels that will determine the next move.

## Overall Market Atmosphere: Waiting for a Breakthrough in a Volatile Range

The current cryptocurrency market exhibits typical "hibernation" characteristics—institutional interest has declined, and retail investors are mostly on the sidelines. Most mainstream coins are repeatedly testing their support-resistance zones, lacking clear signals for a breakout. In this state, risks and opportunities coexist, but most traders prefer to wait for clearer signals before taking action.

## Bitcoin: Can It Break Through the $90,000 Psychological Barrier?

**Latest Data**: Bitcoin is currently priced at $90.56K, with a 24-hour change of +0.45%

From a technical perspective, BTC has just approached the $90,000 level, but the momentum to break through is not strong. On-chain data shows whale wallets are growing at a slowing pace, and buying enthusiasm has not yet fully unleashed. If it cannot establish effective support above $90,000, the $85,500 level will serve as a defensive line. Conversely, if it can hold above $90,000, higher targets around $93,000-$94,000 become more promising.

Traders should note that breaking through this range often requires confirmation from news or large on-chain transfers. Currently, the bulls are still in the "testing" phase.

## Ethereum: Pressure and Opportunities Below $3,000

**Latest Data**: Ethereum is currently priced at $3.10K, with a 24-hour change of -0.50%

Interestingly, ETH has already surpassed $3,100, contrasting with the previous expectation of resistance below $3,000. However, this level still needs further validation for stability. If selling pressure re-emerges, $2,600 will be a key support line; to open up upward space, ETH needs to break above the $3,200 region.

From capital flow perspective, the net outflow from institutional investors has eased, possibly indicating a market bottom is forming. But stronger confirmation signals require higher trading volume.

## XRP: Finding Support and Rebound Opportunities in Volatility

**Latest Data**: XRP is currently priced at $2.11, with a 24-hour change of +0.95%

XRP has shown relatively strong gains. Compared to the previous price around $1.86, it has risen to $2.11, indicating an improving market sentiment toward XRP. Further resistance above this level may appear around $2.20-$2.30, while support shifts to around $1.95.

From a technical standpoint, XRP has broken free from its previous "trapped" state and may continue testing higher prices. However, caution is advised against sudden emotional shifts causing a pullback.

## The Correlation Between shibburn Mechanism and Market Sentiment

It is worth noting that token burn mechanisms like shibburn have recently attracted market attention. Such structural adjustments in supply are becoming a source of support for certain tokens' prices, reflecting a shift from macro trends to micro-mechanism analysis.

## What Should Traders Do Next?

The market is currently in a waiting period before confirming direction. In the short term, key psychological levels (such as BTC’s $90,000, ETH’s $3,200, XRP’s $2.20) will be focal points for trading. Only when prices effectively break through these levels can a new trend be confidently identified.

Until then, caution and patience remain the best strategies. Keep a close eye on on-chain data, capital flows, and market sentiment. When multiple positive signals align, it will be a good time to position accordingly.