Ethereum breaks $3,500, Bitcoin aims for $65,000, XRP surges 18%

From Investing.com

July 16, 2024 01:00 AM:

Ethereum breaks key resistance level at $3,500, eyes $4,000 with strong bullish momentum. ETH surpasses 50 EMA at $3,312.70 and heads towards next resistance at $3,467. Rising trading volume and investors’ interest support the upward trend. RSI at 55 indicates further price increase potential before overbought status.

Bitcoin surges above $60,000, targets $65,000 with reduction in selling pressure. Currently at $62,894, showing 3% increase. Breached multiple resistant levels, approaching 50 EMA at $64,027. Increased activity from major holders and on-chain data suggest bullish sentiment. Caution needed to convincingly break through $65,000 barrier.

XRP surges by 18%, hits 200 EMA at $0.5297 after breaking through 100 EMA and 50 EMA. Positive market sentiment, recent partnerships, and increased investor confidence contribute to uptrend. Overcoming 200 EMA resistance level is crucial for sustaining momentum and reaching higher price targets. Volume and price movement key indicators of strength.

Read more at Investing.com: Ethereum (ETH) Performs Fundamental $3,500 Breakthrough, Bitcoin (BTC) to Easily Reach $65,000, Will XRP Finally Break This Major Resistance?