🚀 Bitcoin, Ethereum, Ripple — The bull market fever grips the market
Bitcoin is approaching $123,218 after a 4% increase last week.
On Monday, Ethereum is around $4,500 in profit.
If XRP breaks through the daily barrier at $3.40, it could rise to record levels.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) started the week positively, with BTC approaching its record of $123,218. ETH is nearing significant resistance, and XRP may break through.
Bitcoin is close to record levels
Bitcoin rose 6% by Sunday after finding support around $111,980, its previous all-time high. On Monday, it is trading above the psychological barrier of $120,000.
BTC could reach its record of $123,218 on July 14 if it continues to rise.
A correction could extend BTC's decline to support around $116,000, its daily level.
Ethereum bulls are targeting $4,488
Ethereum has risen about 22% over the week and closed above $4,000 on Saturday. On Monday, it is trading above $4,300.
Ethereum could reach $4,488 on December 9, 2021, if it continues to rise.
If ETH corrects, it could drop below $4,000.
XRP could reach its record if it closes above $3.40.
XRP rose by 8% over the week after finding support at $2.78, the 50% retracement level. On Friday, it is rising above $3.26.
XRP could rise to record levels at $3.66 if it closes above the daily barrier at $3.40.
The daily RSI chart is 58, above the neutral level of 50, indicating positive momentum.
If XRP fails to close above the resistance at $3.40 and corrects, it may continue to decline to its 50-day EMA around $2.88.
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