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Home » Bitcoin, Ethereum, and XRP Rally as Bullish Momentum Builds Ahead of Weekend
Crypto

Bitcoin, Ethereum, and XRP Rally as Bullish Momentum Builds Ahead of Weekend

By Yasher RizwanJuly 4, 2025No Comments2 Mins Read1 Views
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Bitcoin, Ethereum, and XRP price charts showing a steep downward trend under market pressure.
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  • Bitcoin (BTC) breaks above $109,000, eyeing a potential move toward its all-time high.
  • Ethereum (ETH) confirms breakout past key resistance, targets $2,700 zone.
  • XRP gains traction after reclaiming $2.23, signaling potential for further upside.

Cryptocurrencies are showing strong bullish momentum heading into the weekend, with Bitcoin, Ethereum, and XRP all staging key technical breakouts. The move follows a period of consolidation and signals potential for continued upside in the short term.

Bitcoin Clears $109K: Rally Toward ATH in Sight

Bitcoin has convincingly broken out of its recent consolidation range, trading above $109,000 as of Friday. This upward momentum was triggered after the price closed above the $108,355 barrier, a level that had capped gains earlier in the week.

With BTC now within striking distance of its May 22 all-time high of $111,980, momentum indicators support the bullish case. The daily RSI sits at 58, climbing from neutral territory, while the MACD shows a bullish crossover with growing green histogram bars — all signs of strengthening buyer conviction.

However, a daily close back below $108,355 would expose the $105,330 support level.

Ethereum Builds Above $2,500: Next Stop $2,724?

Ethereum has regained bullish control, rising nearly 7% after bouncing off its 50-day EMA at $2,445. The move above the critical $2,461 resistance level has opened the door for a push toward the next upside target at $2,724.

The daily RSI holds at 56, and the MACD has flipped bullish with increasing momentum — both favoring further gains. If momentum continues, ETH could reclaim the $2,700 territory in the coming sessions. A dip back below $2,461 would invalidate the breakout and suggest a short-term pullback.

XRP Clears Trendline Resistance: Eyes $2.47 Next

XRP has broken out of its downtrend, finally pushing above a descending trendline that had capped price action since mid-May. The breakout above $2.23 — now turned support — strengthens the bullish outlook, with XRP trading at $2.24 on Friday.

With the RSI at 54 and a bullish MACD setup in place, XRP appears primed for a run toward its recent swing high at $2.47. Holding above $2.23 will be critical to sustaining the rally.

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