Price prediction for the top 3 cryptocurrencies: BTC approaches historical peak, ETH and XRP break important resistance.

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing strong breakout signs as the market enters the weekend. BTC has surpassed the prolonged accumulation phase, bouncing above the $109,000 threshold and nearing its historical peak. Notably, ETH and XRP are also part of this bullish wave, both closing above important resistance zones – a positive signal suggesting that the upward momentum may continue in the short term.

Will BTC reach a new peak?

The price of Bitcoin has surged and closed above the upper boundary of the accumulation zone at the $108,355 mark during the trading session on Wednesday, recording an impressive increase of 3.64% as of Thursday. As of now (Friday), BTC is fluctuating steadily around the $109,000 level.

If this recovery momentum continues to be maintained, Bitcoin could very well aim to retest the all-time high of $111,980, set on May 22.

BTC/USDT Daily Chart | Source: TradingViewTechnical indicators are also supporting the bullish trend. On the daily timeframe, the Relative Strength Index (RSI) has bounced from the neutral zone of 50 on Tuesday and is currently at 58, reflecting a strengthening buying momentum. At the same time, the MACD indicator on the daily chart has recorded a bullish crossover signal from last week, with green histogram bars continuously expanding above the neutral threshold – further reinforcing expectations for a bullish trend.

Nonetheless, investors still need to be cautious of a correction scenario. If BTC turns around and closes below the support level of $108,355, selling pressure may increase, pulling the price back down to the zone of the accumulation phase around the $105,333 mark.

Ethereum bulls target the zone above $2,700

The price of Ethereum (ETH) surged nearly 7% during Wednesday's trading session after hitting the 50-day exponential moving average (EMA) at $2,445 and closing above the daily resistance zone at $2,461. The upward momentum continued into Thursday with slight volatility, bringing ETH to hover around the threshold of $2,500 at the time of writing on Friday.

If the current trend continues to hold, ETH may head towards the next resistance zone on the daily timeframe at the level of $2,724.

ETH/USDT daily chart | Source: TradingViewTechnical signals are supporting a bullish trend. The RSI indicator on the daily chart has surpassed the neutral threshold of 50, currently at 56, indicating increasing buying pressure. At the same time, the MACD also recorded a bullish crossover on Wednesday, with green histogram bars extending above the 0 line – a signal reinforcing the bullish outlook in the short term.

However, if it faces correction pressure, ETH may reverse to test the support zone at the level of $2,461.

XRP prepares for the next bullish wave after closing above key resistance

After weeks of being held back by a bearish trend since mid-May, the price of XRP officially broke through this resistance line on Monday. By Wednesday, the area around the old trend line had turned into a solid support zone. The recovery momentum continued to strengthen on Thursday as XRP closed above the daily resistance level at $2.23. As of now (Friday), this coin is fluctuating steadily around the $2.24 mark.

If the bullish momentum is maintained, XRP may soon retest the recent peak established on May 23 at $2.47 – an important milestone for the medium-term recovery.

XRP/USDT daily chart | Source: TradingViewTechnical indicators are leaning towards a bullish trend: RSI on the daily timeframe is currently at 54 – above the neutral threshold of 50, reflecting increasing buying pressure. At the same time, MACD just recorded a bullish crossover signal last week, accompanied by green histogram bars continuing to expand above the 0 line – further reinforcing the upward outlook.

However, if XRP reverses and closes below the 50-day EMA currently located at $2.21(, the short-term correction scenario may return, targeting a deeper decline towards the daily support zone around $1.96.

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