Top Cryptocurrencies Continue Bullish Runs Amid Warning Signs
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) have extended their bullish runs, but technical indicators warn of stretched momentum. Bitcoin traded above $80,000 on Friday after a 3% gain this week, while Ethereum hovered around $2,500 with bulls eyeing the key psychological mark of $3,000. Ripple (XRP) price was around $1.44 on Friday, down over 5% this week.
The technical outlook for these top three cryptocurrencies remains constructive but is getting stretched, which could lead to a short-term correction. Bitcoin's upside momentum is still dominant but becoming stretched, with the Relative Strength Index (RSI) in overbought territory near 82 and the Moving Average Convergence Divergence (MACD) indicator easing from recent extremes.
Ethereum price trades at $2,509 on Friday, extending a strong bullish phase above its main trend references. ETH price holds well above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), reinforcing a constructive medium-term structure with layered dynamic support beneath spot.
XRP's momentum remains stretched but constructive, with the RSI hovering in overbought territory near 73 and the MACD indicator above the signal line. The next significant resistance for XRP does not emerge until the horizontal line around $1.90.