Story Highlights
- Bitcoin price struggles to achieve the $100k mark and records a high of $99,655.
- Ethereum price hits a new 4-month high and retests the $3.5k mark.
- XRP price surpasses the $1.5 mark and reclaims its $30-month high.
The cryptocurrency market has recorded the most bullish month of the year as top tokens have recorded significant growth within a short period. However, despite the increased price action, the Bitcoin price struggles to hit the $100k mark, resulting in increasing volatility.
What’s next for the top cryptocurrencies this week as the BTC price is on the verge of retesting its $100,000 mark? Further, how will Ethereum and XRP price react once the star crypto achieves this milestone? You are minutes away from finding out the possibilities!
Bitcoin (BTC)
The BTC price continues trading between $97k and $99.5k over the last 48 hours. Notably, the largest cryptocurrency by market capitalization has surged 44.68% this month, and with a market cap of $1.948 Trillion, it has a dominance of 59.67%.
The Relative Strength Index (RSI) continues hovering above the overbought range in the 1D time frame. Further, with its EMA 50/200-day recording a constant rise, the BTC price may continue gaining value this week.
If the bulls dominate the crypto space, the Bitcoin price will achieve the $100,000 mark. Maintaining the price above that level could push its price toward the $110,000 mark during the upcoming time. However, a bearish pullback could drag the price toward its low of $90,000.
Also, read Bitcoin Price Prediction!
Ethereum (ETH)
The Ethereum price has jumped ~3% in the past day with a trading volume of $36.84 billion. Moreover, it has surged 11.52% over the last seven days and 35.69% in the previous 30 days. With a market cap of $412.38 billion, this altcoin is valued at $3,431.87.
The Moving Average Convergence Divergence (MACD) shows a constant green histogram with its averages displaying a continuous uptrend. With the SMA indicator recording a similar price trend, the ETH price hints at a bullish outlook.
Suppose, the bulls maintain their dominance, this could push the Ethereum price toward its upper resistance level of $4,000 this year. On the flip side, if the bears overpowered the bulls, this could pull the ETH token toward its low of $3,000.
Ripple (XRP)
Despite recording a drop of 4.96% in the past 24 hours, the Ripple price has soared 40.12% in the last seven days and ~200% this month alone. Moreover, with a price tag of $1.5, this altcoin is currently retesting its 30-month high.
The EMA 50/200-day shows a Golden Cross in the 1D time frame with the RSI indicator hovering above the overbought range. This suggests that the altcoin may continue gaining momentum this week.
If the XRP price holds its value above the $1.5 mark, this could result in this altcoin heading toward its upper price target of $2. Conversely, a bearish trend reversal could pull the Ripple price toward its lower support level of $1 this year.
Also, read Ripple Price Prediction!
FAQs
The price of one BTC till May 2010 was less than $0.01.
As per top researchers, the ETH price is highly anticipated to smash the $5k in this crypto bull run.
If the bullish sentiment sustains, the Ripple price will surpass the $2 mark this year.
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