The cryptocurrency market is showing robust momentum heading into the weekend, with Bitcoin (BTC) approaching its all-time peak while Ethereum (ETH) and Ripple (XRP) break through critical technical barriers. This coordinated surge signals growing bullish sentiment across major digital assets.
Bitcoin’s Record Pursuit
Bitcoin surged past $109,000 on Friday, closing above its consolidation ceiling of $108,355. The move positions BTC just 2.7% below its historic $111,980 peak from May 22. Technical indicators reinforce the upward trajectory:
• RSI momentum rebounded from neutral (50) to 58
• MACD histogram shows strengthening bullish pressure
A sustained push could challenge record highs, though failure to hold $108,355 may trigger a retreat toward $105,333 support.
BTC/USDT daily chart
Ethereum Technical Breakthrough
Ethereum cleared its $2,461 resistance barrier, sparking a 7% Wednesday rally to current $2,500 levels. The breakout opens a path toward $2,724 resistance with supportive indicators:
• Daily RSI holds at 56 (above neutral)
• MACD crossover confirms bullish momentum
The 50-day EMA at $2,445 now serves as crucial support if profit-taking emerges.
ETH/USDT daily chart
XRP Bullish Inflection
XRP decisively broke its descending trendline and closed above $2.23 resistance, trading at $2.24. This technical shift suggests potential for a rally toward May’s $2.47 high. Key metrics include:
• RSI reading of 54 signals growing bullish bias
• MACD maintains positive divergence
Watch the 50-day EMA ($2.21) as critical support; a breakdown could test $1.96.
XRP/USDT daily chart
