Top 3 Bitcoin, Ethereum, Ripple Price Predictions: Bitcoin eyes for $60,000

• Bitcoin price is retesting and rebounding from the daily support level of $56,000, following a rally ahead.
• Ethereum price approaches the $2,400 resistance level; a close above signals a bullish move.
• Ripple is breaking above the key resistance level around $0.544, an imminent rally is on the horizon.

Bitcoin (BTC) and Ripple (XRP) broke past key resistance levels, suggesting a rally ahead. As Ethereum (ETH) price approaches its key resistance level, a breakout could suggest a bullish move ahead.

Bitcoin price shows upside potential after finding support around $56,000

Bitcoin price retested the daily support level around $56,000 on Wednesday and rallied 3.7%. At the time of writing on Friday, it is trading at around $58,000.

If the $56,000 daily support continues to hold, BTC could rise to $59,529, its 50% price retracement level (drawn from a late July high to an early August low).

The MACD (Moving Average Convergence Divergence) indicator further supports Bitcoin’s rise, signaling a bullish crossover on the daily chart. The MACD line (12-day EMA, blue line) has moved above the signal line (26-day EMA, yellow line), giving a buy signal. It shows green histogram bars above the zero neutral line, also suggesting that Bitcoin price may experience an upward push.

BTC/USDT Daily Chart

However, the bullish thesis would be invalidated if Bitcoin’s daily candlestick closes below $56,000. This scenario would lead to a 3.5% decline to retest its psychologically important level at $54,000.

Ethereum price is poised for a bullish moment if it closes above $2,400

Ethereum price has recovered and is approaching its daily resistance level at $2,421. It is trading at around $2,357 on Friday. If ETH breaks and closes above the $2,421 level, it could rise 6% to retest its 61.8% Fibonacci retracement level at $2,564 (drawn from a high in late August to a low in early of September).

In addition, the MACD indicator is supporting the rise in the price of Ethereum, signaling a bullish crossover. The MACD line (12-day EMA) has risen above the signal line (26-day EMA), giving a buy signal. It also shows green histogram bars above the zero neutral line, suggesting bullish momentum.

ETH/USDT Daily Chart

However, the bullish thesis would be invalidated if Ethereum fails to break above $2,421. This scenario would lead to an 8% decline to retest the September 7 low of $2,225.

Ripple is set for a rally as it breaks its resistance barrier

Ripple price broke through daily support at $0.544 and 200-day EMA at $0.548 on Thursday, up 5%. Since Friday, it has been trading around the $0.558 level.

If the $0.544 level remains support, XRP could rise 11.5% from its current trading level to retest the daily resistance level at $0.626.

This bullish outlook is further supported by the MACD indicator, which signals a bullish crossover. The MACD line is above the signal line, giving a buy signal. It also shows green histogram bars above the zero neutral line, suggesting bullish momentum.

XRP/USDT Daily Chart

On the other hand, if the Ripple price closes below the $0.544 level, the bullish thesis would be invalidated. If so, it could drop 7.6% to retest the September 6 low of $0.520.