๐ Crypto Market on Fire: BTC, ETH & XRP Poised for Breakout Moves!
๐ถ Bitcoin (BTC)
Bitcoin started the week with strong bullish energy, climbing 6% over the weekend after bouncing from $111,980 โ a level that previously marked its all-time high.
The flagship crypto has now cleared the $120,000 psychological barrier and is just 2.6% away from retesting its July 14 peak of $123,218.
If buyers maintain momentum, BTC could confirm a fresh breakout toward uncharted territory. However, a rejection here could see price revisiting $116,000 support before attempting another push.
๐ท Ethereum (ETH)
Ethereum had a stellar 22% rally last week, smashing through $4,000 resistance and holding strong above $4,300. Bulls are eyeing the $4,488 target, a price level not seen since December 9, 2021.
The rally has been fueled by increased on-chain activity and growing institutional interest.
Still, traders are watching for possible profit-taking. A dip under $4,000 could weaken momentum and open the door to a deeper correction.
๐น Ripple (XRP)
XRP surged 8% last week after bouncing from $2.78, a key 50% Fibonacci retracement zone. Now trading above $3.26, a decisive daily close over $3.40 could ignite a run toward its all-time high of $3.66.
Technical indicators are in the bullsโ favor โ the daily RSI is at 58, above the neutral 50 mark. However, if XRP fails to break the $3.40 resistance, it risks sliding toward its 50-day EMA near $2.88.
๐ Summary:
BTC: Above $120K, eyeing $123,218
ETH: Targeting $4,488, watch $4K support
XRP: Breakout level $3.40, ATH in sight
