Price prediction for the top 3 cryptocurrencies: BTC, ETH, and XRP focusing on important breakouts.

The price of Bitcoin (BTC) continues to maintain a green color in Wednesday's trading session, extending an impressive rise of 5% over the previous two days. Following the recovery of BTC, Ethereum (ETH) and Ripple (XRP) have also surged strongly, approaching important resistance levels – where a successful breakout could open up new growth prospects for the entire market.

Bitcoin may approach its historical peak

After falling to a low of $98,200 on Sunday, the price of Bitcoin quickly rebounded, recording an impressive recovery of 5% over the next two days and closing above the 50-day exponential moving average (EMA) at $103,352. As of now, on (Monday), BTC still maintains a positive trend, trading around the $106,500 range.

If the upward momentum is maintained, Bitcoin is likely to continue breaking through and challenge the historical peak of $111,980 set on May 22.

! Daily BTC/USDT Chart | Source: TradingViewTechnical signals are reinforcing the optimistic outlook: The (RSI) relative strength index on the daily timeframe has crossed the 50 neutral and is now at 54, indicating that the bulls are dominating. At the same time, the MACD indicator is also preparing to form a bullish crossover – if completed, this will be a noticeable buy signal, signaling the possibility of continuing to climb.

However, if a correction scenario occurs and the BTC price closes below the 50-day EMA threshold of ($103,352), selling pressure may increase again, pulling the price back to test the nearest bottom at $98,200.

Ethereum could continue to rise if it breaks through the resistance level of $2,461

Since Monday, the price of Ethereum (ETH) has risen nearly 10%, surpassing the 50-day exponential moving average (EMA) and closing at $2,425. By Wednesday afternoon, ETH continued to maintain its upward momentum, approaching the important resistance area at $2,461.

If it can close firmly above $2.461, ETH will open up the opportunity to expand the bullish trend towards the next resistance area around $2.724.

! Daily ETH/USDT chart | Source: TradingViewHowever, technical indicators are sending mixed signals. The relative strength index (RSI) on the daily frame oscillating around the neutral mark of 50, indicating that the bullish momentum is slowing down. In order for the uptrend to be consolidated, the RSI needs to cross and maintain above this level. Meanwhile, the MACD is approaching a gold crossover – if completed, this would be a potential buy signal to note.

On the contrary, if ETH cannot break through the level of $2,461 and faces adjustment pressure, the price may turn around and decrease back to the nearest bottom at $2,111 – set on Sunday.

XRP is ready for a new rise if it breaks above the 50-day EMA

On Monday, XRP tested the daily support zone at the $1.96 mark and rose to the sky by 8.55% within just 24 hours. By Wednesday morning, the recovery momentum continued to bring the price close to the (EMA) 50-day moving average, currently at $2.21.

If XRP can break through and close steadily above this important resistance level on the daily timeframe, the market may witness a new rise towards the peak area on May 23 at $2.47.

XRP/USDT Daily Chart | Source: TradingViewThe RSI indicator on the daily chart is currently oscillating around the neutral level of 50, reflecting that the bullish momentum is showing signs of slowing down. For the uptrend to be consolidated, the RSI needs to decisively surpass this threshold. At the same time, the MACD is signaling a potential bullish crossover – if confirmed, this will be a notable buy signal.

However, in a negative scenario, if XRP is rejected at the 50-day EMA, the price may turn around and retest the important support area at $1.96.

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