3 Major Crypto Assets Price Predictions: Bitcoin (BTC) Hits All-Time High, Ethereum (ETH) and Ripple (XRP) Gearing Up

According to Gate, as of Monday when this article was written, the price of Bitcoin (BTC) hovered around $108,500, just about 3% away from its all-time high. Ethereum (ETH) closed above a key resistance level, which may indicate a continuation of upward momentum in the future. At the same time, Ripple (XRP) is approaching a critical level; if it successfully breaks through, it could drive its upward momentum in the short term.

1. Bitcoin (BTC) Price Analysis

FXStreet analyst Manish Chhetri stated that the Bitcoin price surged significantly by 7.32% last week, closing above $108,000. As of Monday when this article was written, the Bitcoin price was approximately $108,500.

If BTC continues its current pump, its price may advance towards the historical high of $111,980 set on May 22. If it successfully closes above that level, it may continue to pump and have the opportunity to reach a new high of $120,000.

The Relative Strength Index (RSI) on the daily chart is 59, above the neutral level of 50, which may indicate bullish momentum. The Moving Average Convergence Divergence (MACD) on the daily chart also showed a bullish crossover on Thursday, issuing a buy signal, which could suggest an upward trend.

However, if BTC faces a pullback, its price may continue to decline and find support near the 50-day exponential moving average (EMA) at $104,158.

(Source: Trading View)

2. Ethereum (ETH) Price Analysis

Ethereum price broke above the 50-day moving average of $2,429 on Tuesday, receiving support around that level, and subsequently broke the key resistance level of $2,461 on Sunday. As of Monday when this article was written, Ethereum was trading at approximately $2,498.

If ETH finds support near $2,461, its price may continue to pump until the next daily resistance level of $2,724.

The RSI on the daily chart is at 52, above the neutral level of 50, which may indicate that bullish momentum is strengthening. The MACD indicator suggests a bullish crossover (the MACD line is close to crossing above the signal line), which, if completed, could issue a buy signal.

On the other hand, if the ETH closing price remains below the $2,461 level, its price may continue to decline and find support near the 50-day EMA of $2,429.

(Source: Trading View)

3. XRP Price Analysis

The price of Ripple found support near the daily level of $1.96 last week and pumped nearly 9%. As of Monday when this article was written, the price of Ripple is approaching the key resistance level of $2.23.

If XRP breaks through and closes above the daily resistance level of $2.23, its price may continue to pump until the high of $2.47 on May 23.

The RSI indicator on the daily chart is approaching the neutral level of 50, which may indicate that the bearish momentum is weakening. To maintain the bullish momentum, the RSI may need to break above the neutral level. The MACD indicator also showed a bullish crossover on Friday, issuing a buy signal and possibly indicating an upward trend.

On the contrary, if XRP continues to decline, its price may extend the correction to retest its daily support level of $1.96.

(Source: Trading View)

Conclusion:

Bitcoin is approaching its historical high, and its price trend has a guiding effect on the entire cryptocurrency market. At the same time, Ethereum and Ripple are also showing their respective market dynamics, fluctuating near key resistance levels and support levels. Market participants will continue to pay attention to the performance of these three major cryptocurrencies to determine their future price direction.