Recent events in the cryptocurrency market have led to significant price changes for major assets. Bitcoin, XRP, and ETH have shown impressive growth, attracting interest from analysts and investors.
Bitcoin Hits Historic High
Bitcoin reached a new all-time high, surpassing $118,000. Charts indicate that indicators suggest further growth for the asset. For instance, the Market Value to Realized Value (MVRV) ratio is around 2.35, which is lower than previous peaks. Additionally, data from CryptoQuant shows that short-term holders are not aggressively selling, reducing market pressure.
XRP Predictions
XRP’s price reached a two-month high, but a recent confirmation of a symmetrical triangle breakout could indicate further gains ahead. Analysts are considering the $3 level as the next target. However, a short-term correction cannot be ruled out given that XRP’s Relative Strength Index (RSI) has reached 85, indicating market overbought conditions.
ETH Growth and Possible Corrections
ETH has risen nearly 20% over the past week and is currently trading above $3,000. Analysts believe that there is still a high growth potential, with no major corrections expected until $3,400. However, it is essential to note that the Ethereum Foundation recently sold part of its assets, which could serve as an indicator for forthcoming corrections.
Current trends in the cryptocurrency market demonstrate significant price movements among major assets. Bitcoin, XRP, and ETH are experiencing active growth, but investors should remain alert to potential corrections.
