Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC nears record highs, ETH and XRP follow suit :

Bitcoin nears its all-time high of $123,218 after rallying over 4% the previous week.
Ethereum trades in the green on Monday, approaching its key level at $4,488.
Ripple’s XRP approaches daily resistance at $3.40, with a close above potentially fueling a rally toward record highs.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) kicked off the week on a bullish note, with BTC inching closer to its record high of $123,218. Meanwhile, ETH is testing a critical resistance level, and XRP is on the verge of a potential breakout.

Bitcoin nears its record highs
Bitcoin price found support around its previous all-time high of $111,980 on August 3 and rallied 6% until Sunday. At the time of writing on Monday, it trades above its psychological level at $120,000.

If BTC continues its upward trend, it could extend the rally toward its record high of $123,218 on July 14.

The Relative Strength Index (RSI) on the daily chart reads 65, above its neutral level of 50, indicating strong bullish momentum. The Moving Average Convergence Divergence (MACD) is showing a bullish crossover on Monday, giving buy signals and indicating the start of an upward trend.

However, if BTC faces a correction, it could extend the decline to find support around the daily level at $116,000.

Ethereum bulls aiming for $4,488 mark
Ethereum price closed above its psychological level of $4,000 on Saturday, gaining nearly 22% in the previous week. At the time of writing on Monday, it continues to trade higher above $4,300.

If Ethereum continues its upward trend, it could extend the rally toward the December 9, 2021, high of $4,488.

The RSI on the daily chart reads 73, above its overbought levels of 70 and points upward, indicating strong bullish momentum. The MACD showed a bullish crossover on Saturday and further supports the bullish thesis.

On the other hand, if ETH faces a correction, it could extend the decline to find support around $4,000.

XRP could rally toward its record high if it closes above $3.40
XRP price found support around the 50% retracement level $2.78 on August 3 and rallied 8% in the previous week. At the time of writing on Friday, it continues its rally, trading above $3.26.

If XRP closes above the $3.40 daily resistance, it could fuel the rally toward record highs at $3.66.

The RSI on the daily chart reads 58, above its neutral level of 50, indicating bullish momentum is gaining traction.

On the daily chart, the MACD indicator lines converge, suggesting indecisiveness among traders. For the bullish momentum to be sustained, the MACD lines must flip to a bullish crossover, like ETH and BTC.

Conversely, if XRP fails to close above the $3.40 resistance and faces a correction, it could extend the pullback toward its 50-day EMA at $2.88.

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