🚀 Crypto Giants on the Verge of a Breakout — Will BTC, ETH & XRP Soar?
Bitcoin (BTC) continues its upward momentum this Wednesday, building on a 5% rally over the past two days. After dipping to a low of $98,200 on Sunday, BTC quickly rebounded, closing at $103,352, above its 50-day Exponential Moving Average (EMA). As of Monday, the bullish trend persists, with BTC trading around $106,500.
If this momentum continues, Bitcoin could retest its all-time high of $111,980, last reached on May 22. However, if it fails to hold above the 50-day EMA at $103,352, a downside move could retest Sunday’s low of $98,200.
Ethereum (ETH) is also showing strength, climbing over 10% since Monday and closing above its 50-day EMA at $2,425. As of Wednesday, it is approaching a key resistance level at $2,461. A daily close above this level could open the door for a continued rally toward the next resistance at $2,724. If it fails to break through, ETH may retrace back to its recent low of $2,111.
XRP is nearing a pivotal point as well. After bouncing off a support level at $1.96 on Monday, XRP surged 8.55% by Tuesday. It is now approaching its 50-day EMA at $2.21. A successful daily close above this level could spark a rally toward its May 23 high of $2.47.
The crypto market is heating up — all eyes are on these breakout levels!
