Three major crypto assets price predictions: Bitcoin (BTC) is just a step away from its historical high, while ETH and XRP are about to break through.

Gate news, Bitcoin (BTC) hovered around $107,000 on Friday, down only 4% from its historical high. Meanwhile, Ethereum (ETH) and Ripple (XRP) are approaching their key resistance levels, and breaking through those resistance levels could trigger a new wave of market interest and potential gains.

BTC is only one step away from its historical high

Bitcoin price fell, reaching a daily low of $98,200 on Sunday, but failed to break through the psychological barrier of $100,000. On Monday, Bitcoin price rebounded significantly and continued to rise over the next two days, closing above $107,000 on Wednesday, and stabilizing the following day. As of the writing of this article on Friday, the price of Bitcoin hovered around $107,000.

If BTC continues its current upward trend, it is expected to maintain the momentum and approach the historical high of $111,980 set on May 22. If it can successfully close above that level, it is expected to continue the upward trend and reach a historical high of $120,000.

On the daily chart, the Relative Strength Index (RSI) is at 55, above the neutral level of 50, indicating bullish momentum. The Moving Average Convergence Divergence (MACD) indicator also showed a bullish crossover on Thursday, generating a buy signal, suggesting an upward trend.

However, if BTC faces a correction, it may continue to fall and find support near the 50-day Exponential Moving Average (EMA) at $103,700.

(Source: Trading View)

ETH is about to welcome a bull market breakthrough

Since Monday, the price of Ethereum has rebounded nearly 10% in the past two days, hovering just below its key resistance level of $2461 until Thursday. As of the writing of this article on Friday, the price of Ethereum is still hovering below that key resistance level. If ETH breaks and closes above the daily resistance level of $2461, it may continue its upward momentum until the next daily resistance level of $2724.

The RSI on the daily chart is approaching the neutral level of 50, indicating that the bearish momentum is weakening. To maintain the bullish momentum, the RSI must break above the neutral level. The MACD indicator suggests a bullish crossover (the MACD line is close to breaking the signal line), which, if completed, will issue a buy signal.

On the other hand, if ETH faces rejection at the level of 2461 dollars, it may continue to fall and retest its Sunday low of 2111 dollars.

(Source: Trading View)

If XRP closes above the 50-day EMA, it may rise

The price of XRP found support near the daily line of $1.96 on Monday and rose nearly 9%. However, the price of Ripple encountered resistance near the 50-day moving average, falling 3.68% as of Thursday. As of the writing of this article on Friday, the price of Ripple hovered around $2.10.

If XRP breaks above and closes above its 50-day EMA of $2.21 daily, it may extend its upward trend to the high of $2.47 on May 23.

The RSI on the daily chart is below the neutral level of 50 at 44, indicating bearish momentum. For bullish momentum to continue, the RSI should continue to break above the neutral level. The MACD indicator is also showing a reverse consolidation, indicating that traders are hesitant.

On the contrary, if XRP continues to fall, it may extend the correction to retest its daily support level of $1.96.

(Source: Trading View)