3 Major Crypto Assets Price Predictions: Bitcoin Reaches 117,000 Again to Explore Historical Highs, ETH and XRP Continue Bullish Momentum

Bitcoin (BTC) today (11th) reached a new high in the Asian afternoon session, currently reported at around 117,220 USD, while Ethereum (ETH) and Ripple (XRP) closely followed with upward momentum, breaking through key resistance levels. As the bullish structure of the three major crypto assets gradually forms, traders are aiming for higher target prices, indicating further upward potential in the future.

BTC reached a historical high of $11.7

FXStreet analyst Manish Chhetri stated that the Bitcoin price ended the consolidation trend around the upper edge of the previous breakout range at $108,355 on Wednesday. As of writing this article on Friday, the Bitcoin price is still hovering above $116,600.

As BTC enters a price discovery mode, if the upward trend continues, it may extend its pump until it reaches its key psychological level of $120,000.

The relative strength index (RSI) on the daily chart is at 71, above the overbought level of 70, indicating strong bullish momentum. However, due to the overbought condition, the likelihood of a pullback is high, and traders should exercise caution. At the same time, the moving average convergence divergence (MACD) indicator showed a bullish crossover at the end of June. The indicator also shows that the green histogram is rising above the neutral zero line, indicating that bullish momentum is strengthening and continues to trend upward.

The Relative Strength Index (RSI) on the daily chart is at 71, above the overbought level of 70, indicating strong bullish momentum. However, due to the overbought condition, the likelihood of a pullback is high, and traders should exercise caution. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator showed a bullish crossover at the end of June. This indicator also shows that the green histogram bars are rising above the neutral zero line, indicating that bullish momentum is strengthening and continues to trend upward.

However, if BTC faces a correction, it may continue to decline and find support near the upper limit of the previous breakout consolidation area at $108,355.

(Source: Trading View)

If ETH closes above the 3,000 USD resistance level, it may further pump

The price of Ether rebounded after finding support near the daily level of $2,461 last week, rising by 10% and closing above the daily resistance level of $2,724 on Wednesday. The next day, Ethereum continued to rise by 6.59% and retested the key psychological barrier of $3,000. As of Friday when this article was written, the price of Ether hovered around $2,970.

If ETH's daily closing price exceeds $3,000, it may continue its pump until the next daily resistance level of $3,730.

The RSI on the daily chart is at 72, above the overbought level of 70, indicating strong bullish momentum. At the same time, the MACD indicator showed a bullish crossover last week. This indicator also shows the green histogram rising above the neutral zero line, indicating that bullish momentum is strengthening and continues to show an upward trend.

However, if ETH falls below 3,000 USD, it may continue to decline until it finds support near the daily 2,724 USD.

(Source: Trading View)

XRP bulls are dominating the market momentum

The XRP price broke through the downward trend line on June 30 (formed by connecting several highs since mid-May) and gained support near previous levels in the following two days, rising 4.5% by Sunday. As of this week, its price continues to soar nearly 13%, closing above the May 23 high of $2.47 on Thursday. As of Friday when this article was written, its price hovers around $2.57.

If XRP continues to maintain its bullish momentum, it may extend its pump to the daily resistance level of $2.72, with the next target at $3.00.

The RSI on the daily chart is 73, above its overbought level of 70, indicating strong bullish momentum. The MACD indicator on the daily chart showed a bullish crossover last week and displayed rising green bars above the neutral level, indicating strong bullish momentum and signaling an upward trend.

However, if XRP faces a correction, it may continue to decline and find support at $2.47.

(Source: Trading View)