BTC consolidates, ETH, XRP rise

Bitcoin touched $96,000 on Monday after rebounding from last week's drop.

Ethereum rose over weekly barrier of $3,454, predicting a rebound above $4,000.

After surging over 60% last week, Ripple price maintains its gains on Monday.

BTC consolidated on Monday after recovering from last week's slump. Ethereum (ETH) and Ripple (XRP) extended their gains, pushed by investors switching from BTC to altcoins, suggesting ongoing upward momentum.

Bitcoin consolidates after recovering.

Bitcoin fell 7% to $90,791 last week before rebounding to $97,000 on Friday and consolidating over the weekend. The price is down roughly $96,600 on Monday.

BTC might hit its ATH of $99,588 if it keeps rising.

RSI for the daily chart is 65, above its neutral level of 50, suggesting positive momentum. Traders should be wary as the Moving Average Convergence Divergence (MACD) indicator crossed bearishly on November 26, signifying sell signals.

If BTC corrects, it might fall below $90,000, a psychological threshold.

Ethereum bull target $4,000
Ethereum closed above weekly barrier of $3,454 on Wednesday and surged roughly 3.5% in the next four days. As of Monday, it's roughly $3,691.

With $3,454 as support, ETH might challenge psychologically critical $4,000 again.

On the daily chart, the RSI indicator is above 50, indicating positive momentum below overbought circumstances.

If ETH falls below $3,454, it may draw back to $3,335 support.

Ripple bulls persist.

Ripple hit a three-year high of $2.35 last week after rising 60%. It rose beyond $2.41 on Monday.

XRP will retest $2.66 if it keeps rising. The RSI is 93, indicating overbought circumstances and a higher probability of a correction. The RSI's exit from overbought area may indicate a decline.

XRP may retest $1.96 if it pulls back.Bitcoin, altcoins, stablecoin FAQs

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