- Bitcoin eyes a breakout above $105K, while Ethereum holds strong near its 200-day EMA, signaling potential upside.
- XRP targets the $3 mark as it tests key resistance at $2.72.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are holding strong amid renewed bullish momentum in the broader cryptocurrency market, with key price levels under the spotlight this week. Each of the three giants is flashing signs of potential breakouts — or possible pullbacks — depending on how upcoming sessions unfold.
Bitcoin Battles $105K: A Breakout or a Breakdown?
Bitcoin recently tested the $105,000 resistance level but faced rejection, slipping to around $103,600 midweek. While a daily close above $105K could pave the way for a run at its all-time high of $109,588, momentum appears to be weakening. The Relative Strength Index (RSI) has dropped to 69, just below the overbought threshold, indicating cooling bullish energy. If BTC dips further, $100,000 serves as the next major psychological support. However, a renewed rally above resistance could spark fresh FOMO and propel BTC back toward its record high.
Also read: Solana Hits $185 as Private DEXs and Meme Coin Trading Boost DeFi Activity
Ethereum Finds Its Footing Near 200-Day EMA
Ethereum is showing resilience after bouncing off the 200-day Exponential Moving Average (EMA) at $2,436. ETH surged 7.38% following the retest and is currently trading near $2,640. With the RSI at 78, ETH is clearly in overbought territory — a signal of both strong bullish sentiment and the risk of a near-term pullback. Should support at $2,436 hold, ETH could challenge the psychological barrier of $3,000 in the coming days.
XRP Poised for Lift-Off if $2.72 Resistance Cracks
Ripple has been on a tear, climbing 21% after reclaiming its 50-day EMA. Hovering around $2.55, XRP is testing the resistance zone at $2.72. A successful breakout above this level could trigger a rally toward the long-awaited $3.00 mark. The RSI, currently at 66, suggests a temporary cooldown, but bullish momentum could return if it reclaims the overbought zone.
While Bitcoin consolidates near a key resistance, Ethereum and Ripple are finding solid technical support. All three assets are at crucial turning points. Traders should brace for heightened volatility as the market gears up for potentially explosive moves in the days ahead.