The crypto industry has added over $350 billion to its valuation this week.

It resulted in the market increasing to $3.25 trillion with an intraday trading volume of $208.55 billion, a change of +72.97%.

The crypto industry has added over $350 billion to its valuation this week. It resulted in the market increasing to $3.25 trillion with an

intraday trading volume of $208.55 billion, a change of +72.97%. With this, the Bitcoin price has successfully reclaimed the $103,000 mark and

has a valuation of $2.04 trillion.

Following in the footsteps, the top altcoins such as Ethereum and XRP recorded a similar price action by breaking out of their

important resistance levels. While XRP price adds approximately 5% to its valuation, Ethereum price records a double-digit surge within

hours.

Are you one of many who are planning on investing in these cryptocurrencies but are confused about its price prospects? Scroll down

as, in this article, we have uncovered the possible weekly price prediction of the top 3 cryptocurrencies by market cap.

$3 Billion in Bitcoin, Ethereum Options to Expire Today

As per the latest data, around $2.65 billion in Bitcoin options are set to expire today. This expiration includes 25,925 contracts, however,

this is slightly lesser than last week’s total of 26,949 contracts.

On the other hand, Ethereum is set to witness 164,591 contracts, slightly lower than last week’s 184,296. With a total value of $364.06

million, the maximum pain point for these contracts is $1,850, a put-to-call ratio of 1.43.

Bitcoin Price Hits $104,000 Mark, Retests March High

The BTC price added 6.84% to its valuation over the past seven days, resulting in it reclaiming the $104K mark. Moreover, with a market

capitalization of $2.05 trillion, its market dominance has increased to 62.98% today.

The Relative Strength Index (RSI) surpasses the overbought range in the Bitcoin price chart. Moreover, the SMA indicator acts as a

strong support in the 1D time frame, hinting that the largest crypto token may continue gaining momentum next week.

Maintaining the value above its $102,000 mark could set the stage for Bitcoin price to head toward its $105,000 level. Sustained bullish

action could push the price toward its $108,000. Conversely, an increase in the bearish action may pull the price toward its low of

$98,000.

Bitcoin price chart on 1D time frame

On the other hand, the price of ETH coin has risen by 25.38% over the past seven days, pushing it above the $2,300 mark and retesting

its March high. It now has a market cap of $280.07 billion and a market dominance of 8.61%.

The Moving Average Convergence Divergence (MACD) displays a constant green histogram since mid-April with its averages

recording a similar trend. Furthermore, the 50-day EMA witnesses a positive crossover with its 200-day hovering around the $2,400

mark.

A sustained bullish action could push the price of Ethereum token toward its $2,750 mark. However, if the bears outrun the bulls,

the largest altcoin could plunge toward its low of $2,100 in the upcoming time.

Ethereum price chart on 1D time frame

With the Pectra upgrade confirmation by the SEC, the Relative Strength Index (RSI) shows that the SMA indicator is pivoting at a

critical juncture.

This week, the price of XRP is up about 5%, and it now trades at $2.40. It is the fourth most valuable crypto asset with a market

capitalization of $137.76 billion.

The Simple Moving Average (SMA) records a positive action in the daily time frame. Furthermore, the MACD indicator displays a

similar trend by experiencing a rising green histogram. Moreover, the 12 & 26-day EMA experience a positive convergence,

suggesting a positive outlook.

If the bulls outbid the bears, the price of XRP could retest its important resistance level of $2.50. On the other hand, an

intensified bearish action may result in it dropping toward its low of $2.00 in the upcoming time.

XRP price chart on 1D time frame