Bitcoin approaches a historical high of $123,218, ETH and XRP may迎爆發性突破

This week, the crypto assets market has had a strong start, with Bitcoin BTC, Ether ETH, and Ripple XRP all rising. BTC has broken through the psychological barrier of 120,000 USD, approaching its historical high; ETH is targeting the key resistance at 4,488 USD; XRP is expected to break through 3.40 USD and challenge its all-time high.

Bitcoin (BTC) is approaching the historical high of 123,218 USD

(Source: Trading View)

Bitcoin found support near the $111,980 high set on August 3, rising 6% on Sunday and breaking through the $120,000 mark on Monday.

Technical indicators show that the daily RSI is at 65, above the neutral level of 50, indicating strong bullish momentum; the MACD showed a bullish crossover on Monday, releasing a buy signal. If the upward trend continues, BTC is expected to challenge the historical high of $123,218 set on July 14.

If a pullback occurs, $116,000 may become a key support level.

Ethereum (ETH) bulls target $4,488

(Source: Trading View)

Ethereum rose nearly 22% last week, closing above the psychological level of $4,000 on Saturday, and breaking through $4,300 on Monday.

The daily RSI is at 73, in the overbought zone but still pointing upwards; the MACD showed a bullish crossover on Saturday, supporting further upward movement. If it breaks through the resistance at $4,488, ETH is expected to refresh the December 2021 high.

If there is a pullback, $4,000 will be an important support level.

Ripple (XRP) may break through the 3.40 USD resistance

(Source: Trading View)

XRP found support at $2.78 (50% retracement level) on August 3, rising 8% last week, and has now broken through $3.26.

If it closes above $3.40 today, XRP is expected to challenge the historical high of $3.66. The daily RSI is at 58, indicating an increase in bullish momentum, but the MACD has not yet formed a clear bullish crossover, so momentum changes need to be monitored.

If it cannot break through 3.40 USD, XRP may drop to the 50-day EMA of 2.88 USD.

Overall Market Outlook

The simultaneous rise of BTC, ETH, and XRP indicates that market sentiment is rapidly warming up. If BTC successfully breaks its historical high, it could drive ETH and XRP to accelerate their breakthroughs, further pushing the entire crypto market into a new round of pump cycle.

Conclusion

Bitcoin is approaching its historical high, while Ethereum and Ripple are nearing key resistance levels. With technical signals leaning towards bullish, the three major Crypto Assets are expected to see greater pumps in 2025. However, investors still need to pay attention to pullback risks and flexibly adjust their strategies based on support and resistance levels.