Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) Price Analysis and Prediction: Will the Market See New ATHs?

Amid ongoing bullish recovery, the Bitcoin price is only a few dollars away from achieving a new ATH! Following this, the market has experienced a parabolic

Bitcoin price is just a few dollars away from setting a new all-time high (ATH) as the market showcases a parabolic price action with key projects heading towards a new high. Will Ethereum and Ripple crypto tokens slingshot toward a new ATH in the coming time?

Bitcoin price analysis: BTC price to set a new all-time high soon?

Bitcoin price showcases a drop of ~1% in the past 24 hours, yet maintaining its value above the $72,000 level with a 24-hour trading volume of $48.216 billion. Moreover, the star crypto is currently trading at a discount of 2.39% from its ATH, highlighting a strong bullish influence.

The Relative Strength Index (RSI) continues hovering close to the overbought range in the 1D time frame. This highlights increased buying pressure for the BTC token in the crypto space.

Maintaining the bullish sentiment could result in Bitcoin price achieving a new all-time high during the upcoming hours. However, a bearish action could pull the price toward its low of $71,000.

Wondering if the Satoshi-era crypto token will achieve the $100k mark this year? Read our Bitcoin (BTC) Price Prediction now!

Bitcoin was trading at $71,934.03 at the time of writing.

Relative Strength Index (1 day) – Bearish

The RSI indicator showcases an increased buying pressure for Bitcoin, highlighting a bullish outlook. However, as the RSI value continues hovering close to the overbought range, a bearish action could be observed in the upcoming hours.

This could result in BTC price pulling back from its highs and setting a lower high, ultimately aiming for its support level.

Chainlink price analysis: Will LINK price achieve a new all-time high soon?

Chainlink price showcased a minimal loss of 0.03% in the past 24 hours, yet continuing to trade at a discount of 63.33% from its ATH. Moreover, the altcoin is currently experiencing a bullish short-term outlook.

The Moving Average Convergence Divergence (MACD) is displaying a bullish outlook with its averages continuing to trade above the 0 line, highlighting increased buying momentum for LINK coin.

Maintaining the bullish momentum could result in Chainlink price continuing its ascent toward its resistance level of $33. on the other hand, a bearish action could pull the price toward its support of $28.

Chainlink was trading at $31.13 at the time of writing.

MACD (1 day) – Bullish

The MACD indicator showcases a bullish outlook for Chainlink as its averages continue trading above the 0 line, highlighting increased buying momentum for the altcoin.

However, as the MACD histogram continues displaying a decline in its value, a bearish action could be observed in the upcoming hours. This could result in LINK price experiencing a pullback from its highs and setting a lower high, ultimately aiming for its support level.

Ethereum price analysis: ETH price slowly making its way toward $3,000

Ethereum price added 7.13% to its portfolio over the past seven days. Moreover, with 5 consecutive days of inflow, the altcoin leader is currently heading toward its important resistance of $2.8k.

The MACD has displayed a constant decline in the red histogram with its averages showing a potential bullish convergence in the Ethereum price chart. This highlights a positive outlook.

If the bulls continue giving value, this could result in ETH coin price surpassing its $2.8k barrier and heading toward its $3,000 level. On the flip side, a negative action could result in it retesting its support level of $2,500.

Ethereum was trading at $2,723.02 at the time of writing.

Relative Strength Index (1 day) – Bullish

The RSI indicator showcases a bullish outlook for Ethereum as its value continues trading within the upper range, highlighting increased buying pressure for the altcoin.

However, as the RSI line is displaying a flattening action, a bearish action could be observed in the upcoming hours. This could result in ETH price experiencing a pullback from its highs and setting a lower high, ultimately aiming for its support level.

Ripple price analysis: XRP price continuing its recovery from SEC lawsuit

After the latest SEC vs Ripple lawsuit hearing, its native token XRP price has continued its struggle to stabilize its value. However, with the ongoing bullish recovery, Ripple price has maintained its value above the $0.52 level. This indicates a positive outlook during the upcoming time.

The Simple Moving Average (SMA) has experienced a bullish crossover in its Ripple price chart in the 1D time frame. This indicates that the altcoin may continue gaining value in the upcoming time.

If the bullish momentum sustains, the XRP coin

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