3 Major Crypto Assets Price Predictions: BTC Nearing Historical Highs, ETH and XRP Soar Indicating New Alt Season Potential

Bitcoin (BTC) price today (18th) is reported to be above 120,000 USD in the Asian afternoon session, approaching its historical high of 123,218 USD. Ethereum (ETH) price has surged over 20% so far this week, with long positions targeting the next goal of 4,000 USD. Ripple (XRP) has become the focus, setting a new historical high of 3.66 USD before the weekend, indicating a resurgence in market demand and optimism.

Bitcoin is slowly approaching its historical high

FXStreet analyst Manish Chhetri stated that the Bitcoin price fell, dropping to a low of $115,736 on Tuesday, after setting a historical high of $123,218 the previous day. BTC rebounded from the decline of Tuesday over the next two days, and as of Friday when this article was written, it had surpassed $120,000.

If BTC's daily closing price breaks through the 120,000 USD mark, it may continue to rise, reaching a historical high of 123,218 USD or even higher.

On the contrary, if BTC faces a pullback, it may continue its decline and find support near the Tuesday low of $115,736.

(Source: Trading View)

Ethereum long positions gain control, target price is 4,000 USD

Ethereum price closed above the psychological level of $3,000 on Tuesday, rising 10.8% on Thursday. As of Friday when this article was written, Ether's price continues to rise, approaching the daily resistance level of $3,730.

If ETH closes above the daily resistance level of $3,730, it may continue to rise until the next key psychological level of $4,000.

The RSI on the daily chart is at 85, above the overbought level of 70, indicating strong bullish momentum. At the same time, the MACD indicator showed a bullish crossover in early July and has maintained that status since. The green histogram is rising above the neutral zero line, indicating that bullish momentum is strengthening.

However, if Ethereum faces a pullback, it may continue to decline and find support near the critical level of $3,000.

(Source: Trading View)

XRP reached a historic high of $3.66

The XRP price closed above the key psychological level of 3 dollars on Wednesday, rising by 14.60% the next day. As of the writing of this article on Friday, its price continues to climb, reaching an all-time high of 3.66 dollars.

If XRP continues to maintain its upward trend, it may extend its rise to the 141.40% Fibonacci extension level of $4.13, from the January high of $3.40 to the April low of $1.61.

However, the RSI indicator on the daily chart shows 89, indicating that the market is in an extremely overbought condition, and traders should remain cautious. At the same time, like Ethereum, the MACD indicator also suggests that XRP will further rise in the future.

On the other hand, if XRP faces a correction, it may continue to decline and find support around $3.40 daily.

(Source: Trading View)