🚀 Bitcoin, Ethereum, XRP Rally as Bull Market Momentum Builds
Bitcoin is approaching its all-time high of $123,218 after a 4% gain last week.
Ethereum hovers near $4,500 to start the week on a strong note.
XRP eyes a major breakout, with a close above $3.40 potentially triggering a run to new highs.
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Bitcoin Nears Previous Highs
Bitcoin (BTC) surged 6% through Sunday after bouncing from support near its former record of $111,980. On Monday, BTC is trading above $120,000, a key psychological level.
If the bullish momentum continues, BTC could retest its July 14 all-time high of $123,218.
In the event of a pullback, BTC may find support around $116,000.
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Ethereum Targets $4,488
Ethereum (ETH) jumped approximately 22% over the past week, finishing Saturday above $4,000. By Monday, it has advanced past $4,300.
If upward momentum holds, ETH could challenge resistance at $4,488 — its high from December 9, 2021.
However, a reversal might see ETH dip below the $4,000 mark again.
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XRP Poised for Breakout
XRP gained 8% last week after finding support at $2.78, the 50% Fibonacci retracement level. As of Friday, it's trading above $3.26.
A daily close above $3.40 could open the door to a retest of its all-time high at $3.66.
With an RSI of 58, sentiment remains bullish.
Failure to hold above $3.40 may lead to a retracement toward the 50-day EMA near $2.88.
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