BTC, ETH, and XRP are preparing for potential growth in the near future — analysts

The price of bitcoin BTC $93,373.59 Bitcoin 3.15% Market capitalization $1.85 trillion VOL. 24 hours $3.97 billion on Wednesday, April 22, stabilized at around $ 92,800 after rising 9.75% over the past two days. Along with BTC, Ethereum ETH $1,799.01 Bridged Ether (StarkGate) 8.87% Market capitalization $0.16 billion VOL. 24 hours $2.24 billion and Ripple XRP $2.25 XRP 5.68% Market capitalization $131.56 billion VOL. 24 hours $0.63 billion are also showing positive dynamics, continuing their recovery growth. Current technical analysis indicates a general upward trend, with a target of $ 95,000 for BTC, $ 1,900 for ETH, and $ 3 for XRP.

For the first time since April 13, bitcoin was able to overcome resistance at the 200-day exponential moving average (EMA) level of about $ 85,000. On Monday, it rose by 9.7%, exceeding $ 90,000. If the growth continues, BTC could test the $ 95,000 high recorded on March 2. The Relative Strength Index (RSI) on the daily chart is currently at 65, indicating that the bullish momentum is still there. In case of a decline, the first support zone will be $ 85,000.

Ethereum rose by 11.19% on Tuesday and overcame resistance at $ 1,700. As of Wednesday, it is trading at $ 1,780. If the trend continues, the next step will be a resistance test at $ 1,861. The RSI index is 54, which is above the neutral mark of 50, a sign of continued growth. In the event of a correction, the price could fall to support at $ 1,449.

Ripple (XRP) is also showing positive dynamics: it rose by 6.53% over the day and overcame the 50-day EMA at $ 2.19. On Wednesday, the price is approaching resistance at $ 2.23. If XRP consolidates above this level, it may continue to rise to $ 2.50, the high of March 24, and then to $ 3. The RSI index is 56. However, in case of a decline below the 200-day EMA, a correction to support at $ 1.77 is possible.

In general, technical indicators for BTC, ETH, and XRP indicate the potential for continued growth, although local pullbacks are possible if the overall market momentum declines.