The cryptocurrency market demonstrates strengthened bullish strength now as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) target increased price levels.

Cryptocurrency market demonstrates strengthened bullish strength now as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) target increased price levels.

Market analysts and traders exhibit rising optimism by predicting major price increases for digital assets as multiple crucial resistance points near.

At press time, Bitcoin price has broken through the $95K mark, exchanging hands at $95,060, a 0.91% surge. Other altcoins, including Ethereum, are up $0.92% to $1810, despite a slight drop of 0.91% to $2.25 in XRP. How high can these altcoins reach in May?

Is A Rally To $100K Imminent In Bitcoin Price?

The Bitcoin price surpassed its 200-day Simple Moving Average (SMA) at $89,860 during the first part of last week and subsequently gained 11.14% until Friday.

During the previous four days, BTC consolidated within its March maximum point range at $95,000 and minimum at $92K without successfully breaking through.

As of writing, BTC’s price is exchanging hands above the $95K level, with the crypto market showing strength.

Its breakout above the $95,000 mark would trigger a possible acceleration of market value toward testing its upcoming daily resistance at $97,000. This is because the consolidation phase may have acted as an accumulation period, potentially spiking a rally in BTC toward the $100K in the first week of May.

Relative Strength Index is at 66.95, indicating growing buying pressure. This indicates a positive outlook for the BTC market, as there is still more room for the upside before the altcoin is considered overbought.

However, if early profiteering commences in the market, the Bitcoin price will slow down, and the altcoin could retrace. This will cause a slight correction or another consolidation phase. BTC could retest the $94K safety net in such a scenario. A deeper correction will cause further downside towards $91K.

ETH Bulls Show Immense Strength, Is A Rally To $2000 On The Horizon?

The Ethereum price surpassed the $1,700 resistance threshold on April 22 before it rallied by 14.86% until Saturday. The next day, ETH tested the daily resistance at $1,861 before showing a slight market fall.

ETH has been oscillating within the $1,740 and $1,810 range in the past few days, as the bulls eye $2000. Currently, the bulls have established strong support around the $1,789 level, coinciding with the 50-day MA.

If the support level holds, the altcoin could push toward the $1906 and $2000 psychological levels.

Relative Strength Index is above the 50-mean level at 55.51. This indicates that the buying pressure is surging, tilting the odds towards the ETH bulls.

Further bullish grip would be evident in the ETH market as the RSI soars towards the 65 area.

On the other hand, if the Ethereum price drops below the $1789 support level, the altcoin could experience a downside movement. This will allow the ETH price to establish safety nets around the $1716 support area. A breach below this level will call for a deeper correction to $1630, invalidating the bullish sentiment.

Rippel Token Establishes Strong Support At $2.19: Bulls Target $3

The SEC litigation continues to present challenges for Ripple token(XRP), but the platform demonstrates positive momentum in its market performance.

XRP has shown resistance during market uncertainties, as the bulls eye $3. XRP continues growing as banks utilize it for cross-border transactions.

On 27 April, the XRP price crossed the 50-day MA at $2.20, increasing by 4.77% beyond its daily resistance at $2.23. Despite its initial success, the Ripple token experienced a minor downturn on 29 April.

Meanwhile, with robust support at the $2.19 mark, XRP price aims for a new rally to test the March 24 peak of $2.50. A break above this region will trigger further upside, potentially to $3.

On the other hand, Relative Strength Index is at 56, above the 50-mean level, indicating bullish prospects. Increased buying appetite could cause the RSI to hurtle towards the 70-mean level, bolstering the bullish outlook.

However, if early profiteering commences and the crypto market turns negative, the XRP price could drop. This will see the Ripple