3 major Crypto Assets price predictions: BTC may rebound to historical high, ETH and XRP approaching key resistance level

Gate, the price of BTC (BTC) continued to pump on Wednesday, rising 5% in the last two days. ETH (ETH) and XRP (XRP) coins followed closely behind BTC's rise, approaching a key resistance level. Breaking through this resistance level will indicate further rise.

BTC may rise to its all-time high

FXStreet analyst Manish Chhetri said that the price of BTC fell to a low of $98,200 on Sunday, but surged by 5% in the next two days, closing above the 50-day simple moving average at $103,352. As of writing this article on Monday, the price of BTC continued to rise, at around $106,500.

If BTC continues to maintain the rising trend, its momentum may continue to the historical high of $111,980 on May 22nd.

On the daily chart, the Relative Strength Index (RSI) is 54, above the neutral level of 50, indicating a rise trend. The Moving Average Convergence Divergence (MACD) indicator suggests a bullish crossover (MACD line approaching to cross above the signal line), if confirmed, it will trigger a buy signal.

However, if BTC faces a pullback and closes below the 103352 US dollars 50-day EMA, the decline may continue, retesting its Sunday low of 98200 US dollars.

(Source: Trading View)

If ETH breaks through the key resistance level of $2461, it may continue to pump

Since Monday, the price of Ethereum has risen nearly 10% in the past two days, closing above the 50-day moving average at $2425. As of writing this on Wednesday, the price of Ethereum is approaching a key resistance level of nearly $2461.

If ETH closes above $2461 resistance level, it may continue to rise until the next $2724 resistance level.

The RSI indicator on the daily chart is hovering around the neutral level of 50, indicating that the rising momentum is weakening. To maintain the rising momentum, the RSI indicator should continue to break through the neutral level. The MACD indicator suggests a bullish cross (the MACD line is close to crossing the signal line), if completed, it will emit a buy signal.

On the other hand, if ETH fails to break through the resistance level of $2461 and faces a pullback, it may continue to decline towards the Sunday low of $2111.

(Source: Trading View)

If XRP closes above the 50-day EMA, it is expected to rise

XRP tested the daily support level of $1.96 on Monday and rose by 8.55% the next day. As of writing this article on Wednesday, XRP is approaching the level of $2.21, the 50-day moving average.

If XRP breaks through and closes above its 50-day EMA of $2.21 on a daily basis, it may continue to fall to the high of $2.47 on May 23.

The RSI indicator on the daily chart is hovering around the neutral level of 50, indicating that the rising momentum is weakening. To maintain the rising momentum, the RSI indicator should continue to break through the neutral level. The MACD indicator suggests a bullish cross (the MACD line is close to crossing the signal line), if completed, it will trigger a buy signal.

(Source: Trading View)