I have done 9 jobs till date, out of which 3 are in the process, also I have completed 20 hours of my hourly work, and earned $170.
When will I get the batch of rising talent or top rated?
I have seen some freelancer with less work hour and project/earning but has a rising talent badge..
What is the real eligibility criteria for achieving this?
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I would agree with Jennifer that you are about to get a JSS, but I wouldn't hold my breath.... The two contracts where the clients marked you down likely resulted in you not getting a Rising Talent badge and may, depending on the private feedback that was left, also feature into your Job Success Score. Check later this afternoon, you may well have it by then.
To get to top rated you need 13 out of the last 16 weeks at 90% JSS or over, and have earned a minimum of $ 1000 over the past 12 months.
If you want to be top rated you should raise your rates. You have 6 completed, 3 ongoing jobs. This is not fiver or sevener. Don't do this to yourself. Increase your rate at least to 15/hour and don't bid lower than that.
About your portfolio, (these are my personal opinions) remove logos (you can keep Vivid Venture if you like it too much.), remove Autocare Poster, remove all the watermarks. On the user interface design use a real phone image but not an iPhone 6 (use iPhone8 or X). In your title you used "an artist" you don't need the "an". Just write Artist.
With 10 jobs in your profile you can get more and better ones if your proposals are good.