BTC, ETH, XRP Price Prediction: Uptrend Continues as Key Resistance Turns into support

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) are all sending positive signals as the crypto market begins the new week with an optimistic sentiment. Bitcoin has reestablished its position above the $109,000 threshold, reinforcing its upward momentum after successfully breaking out of a prolonged accumulation phase. Meanwhile, Ethereum and Ripple continue to maintain important support zones, raising expectations for a new bullish cycle in the short term.

Does Bitcoin have a new all-time high setup?

Bitcoin (BTC) has recorded a positive recovery after returning to test the important resistance zone at the level of $108,355 last Friday. Over the weekend, the price continued to rise slightly and by Monday morning, BTC was maintaining stable trading above the threshold of $109,000 – a signal indicating that the bulls are still in control.

If the current bullish trend continues, BTC could fully extend its upward momentum, aiming for the historical peak of $111,980 that was established on May 22.

BTC/USDT daily chart | Source: TradingViewTechnical indicators are supporting a bullish scenario. On the daily chart, the Relative Strength Index (RSI) has crossed the neutral threshold of 50 and is currently at 58, indicating that bullish momentum is prevailing. At the same time, the MACD indicator has just shown a bullish crossover, accompanied by increasing green histogram bars above the neutral line – further reinforcing the bullish outlook in the short term.

However, if BTC loses momentum and closes below the support zone of $108.355, selling pressure may increase again, pushing the price back to test the bottom zone within the accumulation phase around $105.333.

Ethereum recovers after hitting the key support zone

Ethereum (ETH) has found a solid support point around $2,461 on the daily chart on Friday, thus initiating a slight recovery that lasted throughout the weekend. By Monday morning, the price of ETH maintained a steady upward trend and is currently fluctuating around the zone of $2,576.

If the bullish momentum continues to be maintained, ETH may soon challenge the next important resistance zone at $2,724 – a barrier that could play a key role in establishing the medium-term trend.

ETH/USDT Daily Chart | Source: TradingViewTechnically, the RSI index on the daily frame has risen to 55, above the neutral threshold, reflecting that buying pressure is predominant. In addition, the MACD indicator has also just recorded a bullish crossover last week, along with green histogram bars exceeding the 0 mark – all of which are signals reinforcing the short-term recovery outlook.

However, in the scenario of a price reversal downwards, investors need to pay special attention to the nearest support zone at $2.461 – where it has proven to be a reliable "support" in the previous session.

XRP: The bulls are targeting the $2.40 mark

XRP officially broke through the downward trend line that had lasted since mid-May on June 30, then successfully retraced to test the old resistance zone – now acting as support – before surging 4.5% in just two weekend days. As of Monday morning, this coin is trading around $2.27.

If the current uptrend is maintained, XRP could very well target the peak zone of May 23 at the level of $2.47 – where it will serve as the next resistance level.

XRP/USDT Daily Chart | Source: TradingViewThe RSI indicator on the daily frame is at 56, above the neutral threshold of 50, indicating that the bullish momentum still has room to expand. At the same time, the MACD has also formed a bullish crossover last week, with green histogram bars continuing to expand above the neutral line – reinforcing expectations for a sustainable bullish trend.

However, the adjustment scenario still needs to be considered. If the price turns around and closes below the 50-day EMA at $2.21, XRP may have to return to test the important support zone around the $1.96 mark.

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