Top 3 Bitcoin, Ethereum, Ripple Price Predictions: Bitcoin Breaks the $64,000 Level

• Bitcoin price breaks above the consolidation zone between $57,000 and $62,000 with a rally imminent.
• Ethereum Price Approaches $2,900 Resistance Barrier; the break above signals a bullish move ahead.
• Ripple price getting a breakout above the $0.626 resistance level could suggest a positive trend.

Bitcoin (BTC) price broke out of the consolidation zone between $57,000 and $62,000, showing that a rally is imminent. Ethereum (ETH) is approaching the $2,900 resistance level, which, if broken, indicates an upside move. Ripple (XRP) breakout above the $0.626 barrier may portend an uptrend.

Bitcoin price shows upside potential as it breaks above key resistance

Bitcoin price broke above its resistance level, the 200-day exponential moving average (EMA) at $62,280 and its 61.8% Fibonacci retracement level (drawn from the July 29 high to the August 5 low) at $62,042 on Friday. At the time of writing on Monday, it is slightly down 0.2% at $64,144.

If the 200-day EMA at $62,280 holds as support and BTC closes above the $65,596 level, it could rise 7% to hold its July 29 high of $70,079.

This rally is supported by indicators such as the Relative Strength Index (RSI) and the Extraordinary Oscillator (AO) on the daily chart, comfortably above their respective average levels of 50 and zero. These momentum indicators strongly indicate bullish dominance.

BTC/USDT Daily Chart

However, if Bitcoin price were to close below the August 21 low of $58,783, a 5% decline towards daily support at $56,022 would be on the cards as it would set a lower high on the daily chart. Thus invalidating the optimistic thesis.

Ethereum price is set for a rally after breaking the $2,900 resistance barrier

Ethereum price is finding resistance around the 50% retracement level at $2,843, which roughly coincides with the daily resistance level at $2,927 and the 50-day EMA at $2,905. Since Monday, it is trading slightly lower, down 0.2% at $2,737.

If ETH breaks above the $2,843 level and closes above the daily resistance at $2,927, it could rise 11% to retest the weekly resistance level at $3,236.

The daily RSI and AO are trading just below their neutral 50 and zero levels. Both indicators need to trade above their neutral levels for bullish momentum to be sustained.

ETH/USDT Daily Chart

On the other hand, if ETH breaks below the uptrend line, it would invalidate the bullish thesis. This event would lead to a 4.6% drop in the price of Ethereum, which would return to the August 12 low of $2,510.

Ripple price is poised for a rally after breaking the daily resistance of $0.626

Ripple price retested and was rejected by its daily resistance level at $0.626 on Saturday. It fell 2% on Sunday. On Monday, it was down 0.5% to $0.596.

If Ripple price continues to pull back, it could find support around the daily support at $0.544. This support area roughly coincides with the 200-day EMA at $0.551, making it a key support area.

If the $0.544 level holds as support, it may rise to $0.626 before rising 5% to test its July 31 high of $0.658.

The RSI and AO indicators on the daily chart are trading above their neutral levels of 50 and zero, respectively. These momentum indicators strongly indicate bullish dominance.

XRP/USDT Daily Chart

However, if Ripple price were to close below the daily support level of $0.544, it would change the structure of the market by creating a lower low on the daily chart, which may lead to a 9.5% decline to revisit the low as of August 7 of $0.492.