Cryptocurrency markets are showing renewed bullish momentum, with Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) each approaching significant resistance levels. As bullish sentiment continues to rise, traders are now closely watching key breakout points that could send prices soaring toward the next psychological milestones: $100,000 for BTC, $2,000 for ETH, and $3 for XRP.
Bitcoin is holding steady around the $95,000 mark as of Wednesday, following an 11.14% rally last week that pushed the price above the 200-day Exponential Moving Average (EMA) at $85,000. Despite this impressive move, BTC has struggled to close above its March high of $95,000 and has been consolidating at this level for the past four days.
A sustained daily close above $95,000 would confirm a bullish breakout, potentially driving BTC to retest resistance at $97,000. A successful push beyond that could clear the path to the highly anticipated $100,000 level—a significant psychological and technical milestone.
The Relative Strength Index (RSI) on the daily timeframe stands at 66, indicating bullish momentum with room to climb before reaching overbought territory. However, failure to breach $95,000 may trigger a pullback toward the $90,000 support zone.
Ethereum surged past the $1,700 barrier on April 22, climbing 14.86% before facing resistance at $1,861 over the weekend. After a brief correction, ETH has been consolidating near $1,800 over the past two days.
A decisive close above $1,861 could mark the beginning of a new upward leg, with bulls targeting the next key level at $2,000—a psychological resistance and a critical marker of renewed strength in ETH’s medium-term outlook.
The RSI for ETH is currently at 55, hovering above the neutral 50 mark and suggesting the presence of moderate bullish momentum. On the flip side, if ETH fails to hold above $1,700, the price could slide further, with the next major support lying near $1,449.
XRP broke above its 50-day EMA at $2.20 on Sunday, gaining nearly 4.8% and pushing past resistance at $2.23. Although the asset experienced a slight pullback on Tuesday, it remains above the key support level of $2.20 at the time of writing on Wednesday.
If bulls manage to defend the $2.20 support level, XRP is well-positioned to retest its March 24 high at $2.50. A successful breakout from there could ignite a fresh rally toward the $3.00 psychological level.
The RSI currently sits at 55, reflecting sustained buying pressure. However, a breakdown below $2.20 could expose XRP to further downside, with $1.96 acting as the next strong support.
Bitcoin, Ethereum, and Ripple are all at critical inflection points, with bullish technical setups that suggest the potential for significant upside. As BTC flirts with the $95,000 resistance, ETH approaches $1,861, and XRP holds firm at $2.20, traders will be closely monitoring these key levels for signs of breakout or rejection. A positive shift across these charts could kick off the next leg in the broader crypto bull market, drawing more investor attention and capital into the space.