Crypto Giants Eye Breakouts: Bitcoin, Ethereum, and XRP Could Rally Soon
Bitcoin has gained about 5% in the last two days and is currently trading around $106,459. Earlier this week, it had dipped to about $98,200 but bounced back quickly. If Bitcoin can push above $111,980, it may start reaching new record highs. However, if it falls below $103,345, there could be a short-term pullback.
Ethereum is getting close to an important resistance level at $2,461. Right now, it is trading near $2,444 and showing signs of strength. A strong move above $2,461 could help Ethereum rally further toward $2,700.
Ripple (XRP) is testing its 50-day moving average, which is near $2.21. At the moment, XRP is trading around $2.18. If it manages to close above $2.21, it could quickly move up to $2.41 and then possibly $2.55.
Impact:
Bitcoin might keep climbing if it breaks above $111,980. Ethereum could see a rally if it moves past $2,461, and XRP may rise sharply if it closes over $2.21. On the other hand, dropping below key support levels could cause some short-term price falls.