Bitcoin inches closer to record territory, Ethereum confirms a bullish breakout, and XRP prepares to challenge a pivotal resistance — a decisive week for crypto momentum.
🟠 Bitcoin (BTC) Targets New Heights as Bulls Take Charge
Bitcoin price surged above $108,000 and is now stabilizing just below $108,500 — less than 3% away from retesting its historical peak of $111,980 set on May 22. The bullish trend remains intact, supported by strong technical signals.
- 📊 RSI is holding at 59, signaling positive momentum above the neutral 50 level.
- 🔄 MACD flashed a bullish crossover last Thursday, suggesting potential upside continuation.
📌 Key Levels:
- Immediate Resistance: $111,980 (ATH)
- Upside Target: $120,000 (projected new ATH)
- Support to Watch: $104,158 (50-day EMA)
A confirmed breakout above $111,980 could mark the beginning of a fresh rally phase. However, a rejection here may lead to a temporary pullback.
🟣 Ethereum (ETH) Clears Resistance, Poised for Further Upside
Ethereum has reclaimed bullish territory after breaking past its 50-day EMA ($2,429) and closing above the $2,461 resistance. As of Monday, ETH is trading near $2,498, gaining traction for the next leg up.
- 💹 RSI at 52 supports rising momentum.
- 📈 MACD is on the verge of a bullish crossover, suggesting building buying pressure.
📌 Key Levels:
- Support: $2,461 (breakout retest zone)
- Upside Target: $2,724 (next resistance)
- Invalidation: Break below $2,429 (50-day EMA)
Ethereum’s breakout has opened the door for a climb toward $2,700+ — but only if it holds above the newly reclaimed resistance.
🔵 XRP (Ripple) Builds Toward $2.23 Breakout — Momentum Rising
Ripple (XRP) rallied nearly 9% off last week’s support near $1.96 and is now testing the $2.23 resistance level. A clean break above this zone could unleash a new wave of buying.
- 📊 RSI is approaching 50, showing momentum is shifting.
- 🔁 MACD triggered a bullish crossover last Friday, indicating rising buying interest.
📌 Key Levels:
- Breakout Zone: $2.23 (daily resistance)
- Next Target: $2.47 (May high)
- Support: $1.96 (recent base)
If XRP can hold above $2.23, it may attempt to revisit the $2.47 mark. Failure to do so might signal consolidation or short-term retracement.
📌 Conclusion: Crypto Eyes a Breakout Week
Bitcoin is on the edge of historic levels, Ethereum is confirming strength above resistance, and XRP could join the breakout brigade if it conquers $2.23. With macro catalysts like US jobs data and Fed expectations in play, this week could decide whether the crypto market pushes into new territory — or pauses for breath.
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1 Comment
This week is crucial for the crypto market, with Bitcoin nearing its all-time high and Ethereum showing strong bullish signals. XRP is also testing a key resistance level, which could lead to a significant breakout. The overall momentum seems positive, but external factors like US jobs data and Fed expectations could influence the market direction. It’s an exciting time for crypto enthusiasts, but caution is advised given the potential for volatility. Do you think the crypto market will break into new territory this week? German news in Russian (новости Германии)— quirky, bold, and hypnotically captivating. Like a telegram from a parallel Europe. Care to take a peek?