Bitcoin, Ethereum, & XRP Surge: Bullish Reversal Ahead?

Bitcoin, Ethereum, & XRP Price Today! What We Can Expect Next?

The crypto market has experienced a strong bullish recovery overnight, adding over 2.52%. Top tokens such as Bitcoin, Ethereum, and XRP have successfully retested their important resistance levels, suggesting a potential bullish reversal that could push prices toward their upper price targets this week.

Bitcoin Price Reclaims The $100k Mark!

The Bitcoin price today reclaimed the $100,000 mark with an intraday jump of 3.67%. However, the Bitcoin ETFs recorded the highest single-day outflow of $457.6 million yesterday, highlighting rising uncertainty for the BTC price this week.

TradingView: BTC/USDT

The Moving Average Convergence Divergence (MACD) records a constant decline in the green histogram with its averages displaying a potential bearish convergence. Moreover, the SMA indicator experiences a negative crossover, suggesting a negative outlook. If the bulls regain momentum, the price of Bitcoin could retest its resistance of $105,000. Maintaining a bullish sentiment could push the price toward the $108k mark. However, a bearish action could result in it retesting its low of $98,000 today.

Ethereum Price Successfully Retests Its Crucial Support Trendline!

The ETH price has added 3.86% in 24 hours with a trading volume of $33.557 billion, a change of +72.98%. Following this, the Ethereum token reclaimed its important resistance level of $3,200. However, it continues its struggle to regain momentum and break above the $3,500 mark.

TradingView: ETH/USDT

The Relative Strength Index (RSI) constantly hovers around the neutral point. While the 50-day EMA acts as a resistance, the 200-day EMA displays strong support in the daily time frame. This highlights mixed price action for the largest altcoin in the coming time. Maintaining the price above its $3,200 mark could set the price of Ethereum token to retest its $3,300 level