3 Major Crypto Assets Price Predictions: BTC High Point Retracement and Consolidation, ETH and XRP Indicate New Round of Pump Breakthrough

Bitcoin (BTC) took a breather during the Asian session today (21) after reaching a historic high of $123,218 last week, consolidating within a narrow range as traders await the next move. Meanwhile, Ethereum (ETH) and Ripple (XRP) are showing strong signs, finding support near key levels and indicating that the upward trend may continue.

BTC consolidates after reaching a historic high

Bitcoin price opened last week at a historic high of $123,218 and has since been consolidating between $116,000 and $120,000. As of Monday when this article was written, Bitcoin is trading slightly above $117,800.

If Bitcoin falls below the lower consolidation boundary of $116,000 daily, it may continue to decline and retest its 50-day Exponential Moving Average (EMA) of $110,297.

On the daily chart, the Relative Strength Index (RSI) has retreated from last week's overbought level of 70 to 64, indicating that bullish momentum is weakening. The convergence/divergence (MACD) indicator is about to form a bearish crossover on the daily chart. If a bearish crossover occurs on the daily chart, it will signal a sell, indicating bearish momentum.

However, if the daily closing price of Bitcoin exceeds the consolidation upper limit of 120,000 USD, it may extend its rebound momentum and set a new historical high of 123,218 USD or even higher.

(Source: Trading View)

Ethereum bulls target the $4,000 mark

The price of Ether rose 26.40% last week, closing above the intraday resistance level of $3,730 on Sunday. As of Monday when this article was written, the price of Ether hovers around $3,739.

If ETH continues to maintain its upward trend, with the daily level of $3,730 acting as support, it may extend its rise towards the next key psychological level of $4,000.

The RSI on the daily chart is at 86, above its overbought level of 70, indicating strong bullish momentum. At the same time, the MACD indicator showed a bullish crossover at the beginning of July and is still maintaining that status. The green histogram is rising above the neutral zero line, indicating that bullish momentum is strengthening.

However, if ETH faces a pullback, it may continue to decline, finding support near the critical level of $3,000.

(Source: Trading View)

XRP is gaining support near the key level of $3.40

XRP price surged over 20% last week, reaching an all-time high of $3.66 on Friday. As of Monday when this article was written, its trading price slightly increased to $3.47, with support found around the daily level of $3.40 over the weekend.

If XRP continues its upward trend, its price may extend to the historical high of $3.66. If it successfully closes above that level, the upward momentum will continue to the 141.40% Fibonacci extension level of $4.13, which is extended from the January high of $3.40 to the April low of $1.61.

However, the RSI indicator on the daily chart shows 84, indicating that the market is in an extremely overbought state, and traders should remain cautious. At the same time, similar to Ethereum, the MACD indicator also suggests that XRP will further rise in the future.

On the other hand, if XRP faces a correction, it may continue to decline and find support around the daily price of $3.40.

(Source: Trading View)