3 Major Crypto Assets Price Predictions: BTC Not Out of Consolidation Zone, ETH Aiming for $4000, XRP Bullish Momentum Strong

Bitcoin (BTC) started the week still in a consolidation zone, currently reporting around 119,300 USD during the Asian afternoon session today (28). Ethereum (ETH) is targeting 4,000 USD, and Ripple (XRP) shows a strong bullish momentum, currently reporting 3.27 USD.

For the past 13 days, Bitcoin has been consolidating between $116,000 and $120,000, indicating that traders are hesitant. Ethereum and Ripple have shown signs of strength, with ETH breaking through a key resistance level, while XRP has found support near its critical level.

Bitcoin is consolidating between $116,000 and $120,000

After reaching an all-time high of $123,218 on June 14, the price of Bitcoin has been consolidating within the range of $116,000 to $120,000 for the past 13 days. As of Monday when this article was written, its trading price was around $119,400, close to the upper boundary of the $120,000 consolidation range.

If BTC's daily closing price exceeds 120,000 USD, it may continue its bullish trend and reach a historical high of 123,218 USD.

The Relative Strength Index (RSI) indicator on the daily chart shows 64, above the neutral level of 50, and pointing towards the overbought level of 70, indicating bullish momentum. However, traders should remain cautious as the Moving Average Convergence Divergence (MACD) indicator showed a bearish crossover last week, signaling a sell signal and suggesting a downtrend.

On the other hand, if BTC falls below $116,000 daily, it may continue the downward trend and retest the 50-day Exponential Moving Average (EMA) at $112,350.

(Source: Trading View)

Ethereum bulls target the $4,000 mark

Ethereum price retested and found support near the $3,500 daily level on Thursday, subsequently rebounding nearly 8% to close above the $3,730 daily resistance level on Sunday. As of Monday when this article was written, Ether price remains above $3,800.

If ETH continues to maintain its upward momentum, its pump may extend to the psychological level of $4,000.

The RSI indicator on the daily chart is above the overbought level of 70, at 81, indicating strong bullish momentum. The MACD indicator had a bullish crossover in early July and is still maintaining that formation. However, traders should remain cautious as the green histogram is also declining, indicating that bullish momentum is weakening.

However, if ETH faces a pullback, it may continue to decline and find support around the daily $3,730.

(Source: Trading View)

XRP rebounds after retesting its key level of $2.99

XRP price broke below the daily support level of $3.40 on Wednesday, falling 11% the next day. However, on Friday, XRP price retested and found support around the 61.8% Fibonacci level ($2.99), rebounding 3.43% over the weekend. As of Monday when this article was written, XRP price hovered around $3.25.

If XRP continues to recover, it may extend its pump to the daily resistance level of $3.40.

The RSI indicator on the daily chart is at 64, above the neutral level of 50, indicating strong bullish momentum. However, traders should remain cautious as the MACD indicator showed a bearish crossover last week, signaling a sell signal and suggesting a downward trend.

However, if XRP closes below $2.99, the downtrend may continue to the next daily support level of $2.72.

(Source: Trading View)