Price prediction for the top 3 cryptocurrencies: BTC is moving sideways while ETH and XRP are signaling a breakout.

After reaching a record high of $123,218 last week, Bitcoin (BTC) is currently consolidating, trading in a narrow accumulation zone as the market awaits a clear signal for the next move. Meanwhile, Ethereum (ETH) and Ripple (XRP) stand out with signs of recovery, as both coins are holding important support levels, raising expectations for a new bullish phase.

Bitcoin moves sideways after setting a new ATH

After establishing a new ATH at $123,218 at the beginning of the week, the price of Bitcoin (BTC) is currently fluctuating within a narrow range from $116,000 to $120,000. As of the time of writing on Monday afternoon, BTC is trading around $117,800, slightly above the nearest support zone.

If the bears succeed in pulling the price below the support level of $116,000 on the daily chart, the correction momentum may continue to extend towards the 50-day EMA at $110,297 — an important technical support level.

BTC/USDT daily chart | Source: TradingViewThe relative strength index (RSI) is currently at 64, having retreated from the overbought zone (above 70 recorded last week. This indicates that bullish momentum is gradually weakening. At the same time, the MACD indicator on the daily timeframe is approaching the formation of a bearish cross, signaling the risk of a sell signal and the possibility that the downtrend will dominate again.

However, if BTC can close firmly above the resistance level of $120,000, the recovery momentum could be triggered again, bringing the price close to or even exceeding the historical peak of $123,218 — opening up the prospect of continuing to conquer new highs.

Ethereum: Bulls target the $4,000 mark

Ethereum )ETH( has recorded a strong increase of 26.40% over the past week, closing the Sunday session at the important resistance level of $3,730. As of Monday afternoon, this coin is trading around $3,739 – a signal indicating that the bullish trend is still being maintained.

If the level of $3,730 continues to serve as a solid support zone, ETH could very well aim for the next target at the important psychological mark of $4,000.

![btc-eth-xrp])https://img-cdn.gateio.im/webp-social/moments-f380beb037ac81cc1939958ca5bc2c6a.webp(ETH/USDT Daily Chart | Source: TradingViewTechnical indicators are also supporting the bullish trend. The RSI index on the daily frame is currently at 86 - far exceeding the overbought threshold of 70 - reflecting very strong bullish momentum. In addition, the MACD indicator has created a bullish crossover since the beginning of July and continues to maintain a positive signal. The green histogram bars are increasingly high and above the neutral line, indicating that buying pressure is significantly increasing.

However, the possibility of a correction cannot be ruled out. If profit-taking pressure emerges, the price of ETH may return to test the important support zone around $3,000.

XRP finds support around the $3.40 level

XRP has surged strongly in the past week, recording an increase of over 20% and establishing a new historical peak at $3.66 on Friday. As of the time of writing on Monday, this coin is still holding its momentum, trading around the $3.47 mark after finding solid support at $3.40 throughout the weekend.

If the bullish momentum continues to be maintained, XRP could challenge the peak level of $3.66 again. A solid daily candle close above this mark will signal the potential to extend the bullish trend to the next resistance zone at $4.13 — the 141.40% Fibonacci extension, measured from the January peak at $3.40 to the April bottom at $1.61.

![])https://img-cdn.gateio.im/webp-social/btc-eth-xrp3-7.webp(XRP/USDT daily chart | Source: TradingViewHowever, the RSI index on the daily frame is hitting 84, reflecting a clear overbought condition — a factor that investors should pay special attention to. However, similar to the movement of Ethereum, the MACD indicator still shows positive signals, reinforcing expectations for the possibility of a continued bullish trend in the short term.

On the contrary, if the market adjusts, the support zone around the $3.40 mark will be the first point to watch, where the downward momentum may temporarily halt before determining the next trend.

SN_Nour