Bitcoin aims for 120,000, Ethereum approaches historical highs, Ripple targets 3.4 USD

As of September 12, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) have all strengthened, breaking through key technical levels and showing sustained upward momentum. BTC closed above the 50-day EMA and broke through $115,000, ETH is approaching the key resistance of $4,488, and XRP has completed a falling wedge breakout. The long positions are targeting $120,000 for BTC, $5,000 for ETH, and $3.4 for XRP.

Bitcoin: Long positions target directly at 120,000 USD

(Source: Trading View)

This week, BTC first encountered resistance at the 50-day EMA (113,129 USD), then strongly broke through on Wednesday and closed above it, continuing the upward trend to above 115,000 USD.

Key resistance: $116,000

Breakthrough target: 120,000 USD psychological barrier

Technical indicators: RSI is at 58, and MACD has remained effective since the bullish crossover occurred last Saturday.

If BTC closes above 116,000 USD, long positions are expected to advance to 120,000 USD; conversely, if it falls back, it may test the 50-day EMA support.

Ethereum: Approaching Historical Highs

(Source: Trading View)

ETH has been ranging between $4,232 and $4,488 for 13 days since August 29, and is currently approaching the upper resistance.

Breakout condition: Daily close above 4,488 USD

Upside target: $4,956 historical high

Technical indicators: RSI is at 58, and the MACD line is about to form a bullish crossover.

If the breakout is successful, Ether will aim for a new historical high; if it faces resistance, it may retest the support at $4,232.

Ripple: Breakthrough falling wedge, target 3.4 USD

(Source: Trading View)

XRP broke out of the falling wedge pattern formed since mid-July on September 11, currently trading around $3.04.

Upside target: 3.40 USD daily resistance level

Technical Indicators: RSI above 50, MACD showed a bullish crossover this Monday.

If the long positions continue to gain momentum, XRP is expected to challenge $3.4; if a pullback occurs, the 50-day EMA ($2.92) will become a key support.

Conclusion

Three major cryptocurrencies are simultaneously signaling bullish momentum: BTC aims for $120,000, ETH is expected to refresh its historical high, and XRP is targeting the $3.4 resistance level. As technical indicators and market sentiment warm up together, the crypto market may welcome a new round of upward momentum in the short term, but traders still need to pay attention to the stability of key support levels to guard against the risk of pullbacks.