3 Major Crypto Assets Price Predictions: Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) Ignite a New Wave of Bullish Momentum

As the cryptocurrency market opened higher this week, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing new signs of strength. BTC has closed above $109,000 after confirming a breakout from the consolidation phase. Meanwhile, ETH and XRP remain strong near key support levels, indicating that they may continue to pump in the future.

Will BTC reach a new historical high?

FXStreet analyst Manish Chhetri stated that the price of Bitcoin rebounded after retesting the previously broken consolidation zone upper limit of $108,355 last Friday, and experienced a slight increase over the next two days. As of Monday when this article was written, the price of Bitcoin continues to hover above $109,000. If BTC maintains its upward momentum, its price may continue to rise, reaching the historical high of $111,980 from May 22.

The Relative Strength Index (RSI) on the daily chart is 58, above the neutral level of 50, indicating bullish momentum. The Moving Average Convergence Divergence (MACD) on the daily chart shows a bullish crossover. It also shows that the green histogram is rising above the neutral level, indicating strong bullish momentum and signaling an upward trend.

However, if BTC faces a correction and closes below the support level of $108,355, it may continue to decline and retest the lower limit of the consolidation area at $105,333.

(Source: Trading View)

ETH bounced back after retesting the key support level

The price of Ethereum rebounded after finding support around $2,461 last Friday and saw a slight recovery over the weekend. As of Monday when this article was written, the price of Ether hovers around $2,576.

If ETH continues to maintain its upward trend, its pump may extend to the next daily resistance level of 2,724 USD.

The RSI on the daily chart is at 55, above the neutral level of 50, indicating that bullish momentum is strengthening. The MACD indicator on the daily chart showed a bullish crossover last week. This indicator also shows that the green histogram is rising above the neutral level, indicating strong bullish momentum and suggesting an upward trend.

On the other hand, if ETH faces a pullback, it may continue to decline and retest its daily support level of $2,461.

(Source: Trading View)

The target for XRP bulls is to break through 2.40 USD

The price of XRP broke the downward trend line on June 30 (formed by connecting multiple highs since mid-May) and gained support near previous levels in the following two days, rising 4.5% as of Sunday. As of Monday when this article was written, its trading price was approximately $2.27.

If XRP continues to maintain its upward momentum, its pump may extend to the high of $2.47 on May 23.

The RSI on the daily chart is at 56, above the neutral level of 50, indicating that bullish momentum is strengthening. The MACD indicator on the daily chart showed a bullish crossover last week. This indicator also shows that the green histogram is rising above the neutral level, indicating strong bullish momentum and suggesting an upward trend.

On the contrary, if XRP drops and closes below the 50-day EMA of $2.21, it may extend the correction to retest its daily support level of $1.96.

(Source: Trading View)