Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing early signs of a bullish recovery as prices climb toward critical resistance zones. Here’s a detailed look at the latest technical outlook and what to expect next.
🚀 Bitcoin (BTC) Price Forecast: Eyes on $106,400 Breakout
Current Price Action:
Bitcoin has regained ground after slipping below $106,400 last week, currently hovering just below this key resistance. A daily candle close above this level could mark the start of a renewed bullish phase.
Bullish Scenario:
If BTC/USD closes above $106,400, the rally may extend toward its all-time high of $111,980. The Relative Strength Index (RSI) has rebounded from the neutral 50 level and now reads 54, pointing upward—signaling growing bullish momentum.
Bearish Scenario:
Failure to break above $106,400 could result in a retest of the psychological support at $100,000, with increased downside pressure likely if broader market sentiment weakens.
📈 Ethereum (ETH) Price Forecast: Holding Strong Above 200-Day EMA
Current Price Action:
Ethereum has remained in a tight consolidation zone between $2,461 (200-day EMA) and $2,724 for almost a month. Currently, ETH is trading near the upper boundary, hinting at a potential breakout.
Bullish Scenario:
A close above $2,724 would pave the way for a rally toward the psychological $3,000 level. The RSI sits at 62, confirming bullish momentum is strengthening.
Bearish Scenario:
If Ethereum loses support at $2,461, a deeper correction toward the 50-day EMA at $2,329 may unfold.
📊 XRP (Ripple) Price Forecast: Recovery Hinges on 50-Day EMA
Current Price Action:
XRP fell below support at $2.23 on Friday but has since rebounded steadily. It is now approaching its 50-day EMA resistance at $2.27.
Bullish Scenario:
A daily close above $2.27 could confirm bullish continuation, with the next resistance target near $2.72.
Bearish Scenario:
If XRP gets rejected at current levels, support could be retested near $2.10 or lower. The RSI at 47 is climbing toward the neutral 50 zone, suggesting bearish pressure is fading.
🔍 Final Thoughts: What to Watch
All three major cryptocurrencies—BTC, ETH, and XRP—are showing resilience near key support levels. Traders should closely monitor:
- Daily closes above resistance zones.
- RSI movements confirming trend strength.
- External factors like macroeconomic data and crypto regulation news.
If breakouts hold, the crypto market could be entering a new bullish phase in June 2025.
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