🚀 Bitcoin Nears ATH — Ethereum & XRP Break Out from Key Resistance Zones
Bitcoin price breaks consolidation, rising over $109,000 on Friday approaching historic highs.
Ethereum price breaks barrier at $2,461, suggesting additional gains.
XRP breaks $2.23, sparking positive momentum and a possible surge.
The weekend is looking good for Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP). BTC has broken out of consolidation, rising over $109,000 and approaching its all-time high. ETH and XRP closed above their critical resistance levels, following BTC, suggesting a bullish outlook and possibility for more higher.
Will BTC recapture records?
On Wednesday, bitcoin price broke above a consolidation zone around $108,355, gaining 3.64% on Thursday. On Friday, it was approximately $109,000.
BTC might reach the May 22 all-time high of $111,980 if it keeps rising.
If BTC corrects and closes below $108,355, it might fall to the consolidation zone's bottom border of $105,333.
Ethereum bulls want $2,700+.
After resting its 50-day EMA at $2,445 and closing over daily resistance at $2,461, Ethereum surged about 7% on Wednesday. It rose somewhat the following day. It's roughly $2,500 as of Friday.
If it keeps rising, ETH might reach its next daily resistance mark at $2,724.
If ETH corrects, it might fall below $2,461, its daily support.
XRP will rise as it breaks major resistance.
On Monday, XRP broke above the falling trendline (made by connecting various highs from mid-May) and found support on Wednesday. It broke $2.23 daily barrier on Thursday. On Friday, it was roughly $2.24.
If XRP keeps rising, it might reach its May 23 high of $2.47.
If XRP goes below its 50-day EMA at $2.21, it might retest its daily support around $1.96.
