š„ Crypto Giants Poised to Explode ā Will $BTC , $ETH & $XRP Break Free?
Bitcoin's price keeps going up on Wednesday after going up 5% in the last two days.
Ethereum is very close to its important resistance level of $2,461. If it breaks through, it might start to rise.
XRP is very close to its 50-day EMA at $2.21. A closure above this level would mean a big surge higher.
Bitcoin might rise near its all-time highs.
On Sunday, the price of Bitcoin fell to a low of $98,200, but it quickly rose by 5% over the following two days, finishing at $103,352, which was above its 50-day Exponential Moving Average. As of Monday, it is still trading higher, at around $106,500.
If BTC keeps going higher, it might reach its all-time high of $111,980 on May 22.
If BTC does go down, however, and closes below the 50-day EMA at $103,352, it might go down further more and test its bottom from Sunday, which was $98,200.
Ethereum might keep going up if it closes over $2,461, which is a major level of resistance.
Ethereum's price has gone up over 10% in the previous two days, since Monday, and it closed above its 50-day EMA at $2,425. As of Wednesday, when this was written, it was getting close to its main resistance level of $2,461.
If ETH closes over its resistance level of $2,461, the surge might continue to its next resistance level of $2,724.
If ETH can't break through its barrier around $2,461 and has to correct, it might keep going down until it hits its low of $2,111 on Sunday.
If XRP closes above its 50-day EMA, it will be ready for an uptrend.
XRP hit its daily support level of $1.96 on Monday, bounced back, and then went up 8.55% till the following day. As of Wednesday, it is getting close to its 50-day EMA at 2.21.
If XRP breaks and closes above its 50-day EMA at $2.21 every day, it might keep going down until it reaches its May 23 high of $2.47.
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