3 Major Crypto Assets Price Predictions: Bitcoin (BTC) Nears Historical Highs, Ethereum (ETH) and Ripple (XRP) Break Key Resistance Levels

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) showed strong momentum before the weekend. Bitcoin broke through its recent consolidation phase, climbing above $109,000 and approaching its all-time high. Meanwhile, ETH and XRP closely followed in Bitcoin's footsteps, closing above key resistance levels, indicating a positive market outlook with potential for continued upward movement in the short term.

Will BTC reach a new historical high?

FXStreet analyst Manish Chhetri stated that if BTC continues to maintain its upward momentum, its price may extend the pump, reaching the historical high of $111,980 on May 22.

On the daily chart, the Relative Strength Index (RSI) rebounded from a neutral level of 50 on Tuesday to 58, indicating that bullish momentum is strengthening. On the daily chart, the Moving Average Convergence Divergence (MACD) had a bullish crossover last week. This indicator also shows that the green histogram is rising above the neutral level, indicating strong bullish momentum and suggesting an upward trend.

However, if BTC faces a correction and closes below the support level of $108,355, it may continue to decline and re-test the lower limit of the consolidation zone at $105,333.

(Source: Trading View)

The target for ETH bulls is to break through $2,700

ETH price rose nearly 7% on Wednesday, following its 50-day moving average breaking above $2,445, and closing above the daily resistance level of $2,461. Ethereum price continues its upward trend, and slightly increased the next day. As of Friday when this article was written, Ether price was hovering around $2,500.

If ETH continues to maintain its upward trend, its pump may extend to the next daily resistance level of $2,724.

The RSI on the daily chart is at 56, above the neutral level of 50, indicating that bullish momentum is strengthening. The MACD indicator on the daily chart showed a bullish crossover on Wednesday. This indicator also shows that the green histogram is rising above the neutral level, indicating strong bullish momentum and heralding an upward trend.

On the other hand, if ETH faces a pullback, it may continue its downtrend and retest its daily support level of $2,461.

(Source: Trading View)

XRP closes above key resistance level, expected to pump

XRP price broke through the downward trend line on Monday (formed by connecting multiple highs since mid-May) and found support near that trend line on Wednesday. On Thursday, XRP closed above the daily resistance level of $2.23. As of writing this article on Friday, XRP price is hovering around $2.24.

If XRP continues to maintain its upward momentum, its pump may extend to the high point of $2.47 on May 23.

The RSI on the daily chart is at 54, above the neutral level of 50, indicating that bullish momentum is strengthening. The MACD indicator on the daily chart showed a bullish crossover last week. This indicator also shows green bars rising above the neutral level, indicating strong bullish momentum and suggesting an upward trend.

On the contrary, if XRP falls and closes below the 50-day EMA of $2.21, it may extend the correction to retest its daily support level of $1.96.

(Source: Trading View)