Bitcoin (BTC) surges to a new all-time high of $99,299 on Friday, just shy of the $100K milestone following reports of Securities & Exchange Commission (SEC) Chair Gary Gensler's upcoming resignation on Thursday.
Bitcoin hit a new all-time high of $99,299 on Friday, inches to the $100K milestone. Ethereum is nearing its $3,454 weekly resistance; a firm close above suggests a continuation of the rally to $4,000. Ripple price sustained its break above the $1.37 daily resistance, indicating further gains.
On Friday, XRP extents its gains by 12%, breaking above its daily resistance of $1.37. If XRP closes above the $1.37 level, it will extend the rally and retest its three-year high of $1.96 . However, the RSI stands at 89, signaling overbought conditions and suggesting an increasing risk of a correction. Traders should exercise caution when adding to their long positions, as the RSI’s move out of the overbought territory could provide a clear sign of a pullback.
Ethereum Ripple Cryptocurrencies Technical Analysis
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