3 Major Crypto Assets Price Predictions: Bitcoin Remains Strong, Ethereum and XRP Expected to Rise Further

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) showed a mixed but optimistic trend midweek, with BTC remaining stable while ETH and XRP exhibited new bullish momentum. The largest Crypto Assets by market capitalization are stabilizing at key support levels, and traders are waiting for catalysts; meanwhile, ETH and XRP are targeting higher goals.

In the absence of any relevant market trend news, the market focus will still be on the Federal Open Market Committee (FOMC) meeting minutes released on Wednesday, which will provide more clues about the Federal Reserve's (Fed) rate cut path. This, in turn, will drive these highest market capitalization Crypto Assets and provide them with new directional momentum.

BTC remains strong near the support level of 108,000 USD

FXStreet analyst Manish Chhetri stated that since last Friday, the price of Bitcoin has been consolidating near the upper boundary of the previous breakout consolidation area (108,355 USD). On Monday, the price of Bitcoin slightly fell and retested that support level, with a slight rebound the next day. As of Wednesday when this article was written, the price of Bitcoin has dropped to around 108,400 USD.

If the support level of $108,355 continues to hold, BTC may extend its pump until it reaches a historical high of $111,980 on May 22.

On the daily chart, the Relative Strength Index (RSI) is at 54, above the neutral level of 50, indicating strong bullish momentum. On the daily chart, the Moving Average Convergence Divergence (MACD) is crossing each other, suggesting traders are indecisive.

However, if BTC faces a pullback and closes below the support level of $108,355, it may continue to fall and retest the lower boundary of the consolidation area at $105,333, which roughly coincides with the 50-day Exponential Moving Average (EMA) at $105,276, making it a key support level for BTC.

(Source: Trading View)

ETH bulls aim for the $2,724 mark

The price of ETH rebounded after finding support around $2,461 last Friday, rising 4.38% on Tuesday. As of Wednesday when this article was written, the price of Ether hovered around $2,595.

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

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.

However, if ETH faces a pullback, it may continue its fall and retest its daily support level of $2,461.

(Source: Trading View)

XRP bulls dominate the market momentum

The XRP price broke through the downward trend line on June 30 (formed by connecting multiple highs since mid-May) and gained support near previous levels over the next two days, rising 4.5% as of Sunday. As of Tuesday, XRP continued its upward trend. As of Wednesday when this article was written, its price hovered around $2.30.

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 58, 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.

However, if XRP falls and closes below the 50-day EMA of $2.22, it may extend the correction to retest its daily support level of $1.96.

(Source: Trading View)