Bitcoin (BTC) and Ethereum (ETH) are approaching important resistance levels during Friday’s trading session. If successfully broken, the leading cryptocurrencies could trigger a new bullish cycle. Conversely, Ripple (XRP) remains firm at a strong support zone, hinting at a potential rebound if buying pressure continues to dominate.
Bitcoin could surge if it closes above the critical resistance zone
Bitcoin’s price was rejected at the 61.8% Fibonacci retracement level at $94,253 (calculated from the April low of $74,508 to the all-time high of $126,199 set in October) on Wednesday, causing the rally to stall. The next day, BTC quickly regained momentum after successfully testing the psychological level of $90,000. As of writing on Friday, this cryptocurrency is fluctuating around $92,000.
If Bitcoin can break above the downtrend line and close above the resistance at $94,253, the market could see an extended rally toward the psychological zone of $100,000.
Daily BTC/USDT chart | Source: TradingViewTechnical indicators are also leaning bullish. The daily RSI is approaching the neutral zone of 50, indicating a weakening of selling pressure; to confirm an upward trend, RSI needs to climb back above this level. Meanwhile, the MACD has formed a bullish crossover since late November and continues to support the bullish outlook.
On the other hand, if selling pressure returns and BTC resumes a correction, the next key support level is at $85,569, corresponding to the 78.6% Fibonacci retracement.
Ethereum could extend its gains if it closes above the 50-day EMA
Ethereum’s price broke above a descending trendline — formed by connecting the peaks since October 7 — on Tuesday, recording a 6.21% gain. However, the recovery quickly stalled as ETH hit resistance at the 50-day EMA (3,310 USD) on Wednesday, leading to a slight correction in the following session. As of Friday, ETH is approaching this important EMA again.
Daily ETH/USDT chart | Source: TradingViewIf Ethereum can firmly close above the 50-day EMA at $3,310, bullish momentum is likely to be triggered, paving the way toward the next significant resistance zone around $3,592.
Technical indicators are supporting the bulls: the daily RSI has risen to 54, crossing above the neutral 50 threshold, reflecting an expanding upward momentum. The MACD also maintains a bullish crossover signal, reinforcing the short-term bullish outlook.
Conversely, if selling pressure returns, ETH could retreat to the daily support zone at $3,017 to find a new balance point.
XRP finds support around a key zone
XRP’s price rebounded from the $1.96 support zone on Sunday, gaining 3.66% over the next two days. However, by Wednesday, selling pressure returned, causing XRP to sharply correct, almost erasing previous gains, and once again testing the $1.96 level in the following session. As of Friday, the price is hovering around $2.03, reflecting market caution.
Daily XRP/USDT chart | Source: TradingViewIf the $1.96 support continues to hold, XRP could sustain its recovery and aim for the next resistance target at $2.35. On the daily chart, the RSI stands at 42 — approaching the neutral zone of 50 — indicating waning selling pressure. To confirm a clearer bullish trend, RSI needs to break above this midpoint. However, MACD lines remain converging, signaling uncertainty among traders.
Conversely, if XRP closes below the $1.96 level, the downtrend could resume, pushing the price lower to deeper support at $1.77.
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Top 3 Cryptocurrency Price Predictions: BTC and ETH Approach Breakout Levels, XRP Remains Stable at Support Zone
Bitcoin (BTC) and Ethereum (ETH) are approaching important resistance levels during Friday’s trading session. If successfully broken, the leading cryptocurrencies could trigger a new bullish cycle. Conversely, Ripple (XRP) remains firm at a strong support zone, hinting at a potential rebound if buying pressure continues to dominate.
Bitcoin could surge if it closes above the critical resistance zone
Bitcoin’s price was rejected at the 61.8% Fibonacci retracement level at $94,253 (calculated from the April low of $74,508 to the all-time high of $126,199 set in October) on Wednesday, causing the rally to stall. The next day, BTC quickly regained momentum after successfully testing the psychological level of $90,000. As of writing on Friday, this cryptocurrency is fluctuating around $92,000.
If Bitcoin can break above the downtrend line and close above the resistance at $94,253, the market could see an extended rally toward the psychological zone of $100,000.
On the other hand, if selling pressure returns and BTC resumes a correction, the next key support level is at $85,569, corresponding to the 78.6% Fibonacci retracement.
Ethereum could extend its gains if it closes above the 50-day EMA
Ethereum’s price broke above a descending trendline — formed by connecting the peaks since October 7 — on Tuesday, recording a 6.21% gain. However, the recovery quickly stalled as ETH hit resistance at the 50-day EMA (3,310 USD) on Wednesday, leading to a slight correction in the following session. As of Friday, ETH is approaching this important EMA again.
Technical indicators are supporting the bulls: the daily RSI has risen to 54, crossing above the neutral 50 threshold, reflecting an expanding upward momentum. The MACD also maintains a bullish crossover signal, reinforcing the short-term bullish outlook.
Conversely, if selling pressure returns, ETH could retreat to the daily support zone at $3,017 to find a new balance point.
XRP finds support around a key zone
XRP’s price rebounded from the $1.96 support zone on Sunday, gaining 3.66% over the next two days. However, by Wednesday, selling pressure returned, causing XRP to sharply correct, almost erasing previous gains, and once again testing the $1.96 level in the following session. As of Friday, the price is hovering around $2.03, reflecting market caution.
Conversely, if XRP closes below the $1.96 level, the downtrend could resume, pushing the price lower to deeper support at $1.77.