Price prediction for the Top 3 cryptocurrencies: BTC breaks to a new ATH, ETH and XRP extend the upward trend.

Bitcoin (BTC) maintains an impressive upward momentum, surpassing the $116,000 mark during Friday's trading session, after setting a new record at $116,868 just a day earlier. Ethereum (ETH) and Ripple (XRP) also quickly broke through, surpassing important resistance levels and consolidating the upward trend. With positive technical patterns forming concurrently in all three leading cryptocurrencies, investors are anticipating new price peaks, opening up strong growth prospects in the near future.

Bitcoin sets a new historical peak at $116,868

The accumulation phase of Bitcoin around the $108,355 mark – the peak of the previous sideways phase – officially closed on Wednesday. Immediately after, BTC made a strong breakout, rising to set a new price record at $116,868 during Thursday's trading session. As of the time of writing on Friday, this cryptocurrency is still holding a high position, trading steadily above the $116,600 threshold.

Bitcoin entering the price discovery phase indicates that the uptrend is being solidified, opening up the possibility of reaching the important psychological resistance level of $120,000 in the near future.

BTC/USDT Daily Chart | Source: TradingViewOn the daily chart, the Relative Strength Index (RSI) currently stands at 71 – exceeding the overbought threshold of 70 – reflecting strong upward momentum. However, traders should remain cautious, as the current overbought condition could increase the risk of a short-term correction. At the same time, the MACD indicator has recorded a bullish cross signal since the end of June and continues to form green histogram bars above the 0 line – a sign that upward momentum is becoming increasingly evident, reinforcing the outlook for BTC to continue rising.

However, in a market correction scenario, the $108.355 area – which previously served as strong resistance – could become a key support level, acting as a foundation for the next upward trend.

Ethereum could continue its upward trend if it closes above the resistance level of $3,000

After finding buying pressure around the support level of $2.461 last week, Ethereum (ETH) made an impressive recovery, recording a 10% increase and breaking through the important resistance level at $2.724 during Wednesday's trading session. The upward momentum continued the next day with an additional increase of 6.59%, bringing ETH close to the key psychological level of $3,000. As of the time of writing on Friday, ETH is fluctuating around the $2,970 mark.

If it can close above $3,000 for the day, Ethereum is likely to extend its upward range, targeting the next resistance area at $3,730.

ETH/USDT Daily Chart | Source: TradingViewTechnical indicators are currently supporting an upward trend. The RSI on the daily timeframe has surpassed the overbought threshold, reaching 72 – indicating strong bullish momentum. At the same time, the MACD indicator has confirmed a bullish crossover from last week and is currently showing increasingly larger green histogram bars above the 0 line – a sign reinforcing the recovery momentum.

However, if ETH cannot break through the $3,000 level and is rejected at this range, the price may reverse and adjust back to the nearest support area at $2,724.

The XRP bull faction is in control

On June 30, XRP officially broke through the downward trend line that had been in place since mid-May, signaling a positive outlook for a new upward trend. In the following two days, the price returned to test the old resistance area — now turned support — and surged by 4.5% as of Sunday. This recovery momentum was maintained throughout the week, with an increase of nearly 13%, pushing the closing price on Thursday above the peak of May 23 at $2.47. As of the time of writing on (Friday), XRP is fluctuating around the $2.57 range.

If the positive trend continues to hold, XRP may move towards the nearest resistance zone at $2.72, and even aim for the important psychological milestone of $3.

XRP/USDT daily chart | Source: TradingViewThe daily RSI indicator is currently at 73, exceeding the overbought threshold of 70 – indicating that the upward momentum is very strong. At the same time, the MACD also recorded a bullish crossover last week, with increasingly larger green histogram bars above the 0 line, further reinforcing the clearly forming upward trend.

However, in the event of a short-term correction, the $2.47 area will play an important support role, which may help the price recover if short-term profit-taking occurs.

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