⚡ BTC Consolidates—ETH & XRP Ready to Explode? 🪙🚀
Bitcoin price has steadied between $116,000 to $120,000 after hitting a record $123,218 last week.
Ethereum bulls aim $4,000 after closing over daily barrier at $3,730.
Ripple's XRP finds critical support around $3.40, suggesting a rise.
After hitting a new high of $123,218 last week, Bitcoin (BTC) is stabilizing in a tight range as traders anticipate the next move. While Ethereum (ETH) and Ripple (XRP) find support around crucial levels, they may continue to rise.
Bitcoin trades sideways after hitting a record high
Bitcoin price hit a record $123,218 on Monday and has been hovering between $116,000 and $120,000. On Monday, it trades just over $117,800.
BTC might drop below its 50-day Exponential Moving Average (EMA) at $110,297 if it breaks below the lower consolidation barrier around $116,000 daily.
A daily close above the upper consolidation barrier around $120,000 might continue the rebound into the new all-time high at $123,218 and beyond.
Ethereum bulls targeting $4,000.
Ethereum surged 26.40% last week and broke $3,730 daily barrier on Sunday. As of Monday, it's roughly $3,739.
The daily milestone of $3,730 might boost ETH's climb to its next psychological level around $4,000.
If ETH pulls down, it might find support around $3,000.
XRP meets critical support at $3.40.
XRP reached a record $3.66 on Friday after a 20% rally last week. On Monday, it trades marginally higher at $3.47 after finding support around $3.40 over the weekend.
XRP might reach $3.66, a record, if it keeps rising. The rally will reach its 141.40% Fibonacci extension level at $4.13, drawn from the January high of $3.40 to the April low of $1.61, if it closes above this level
If XRP corrects, it may fall further to support at $3.40, its daily level.
