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Bitcoin (BTC) made headlines on Wednesday by breaking past its previous all-time high of $73,777, riding the wave of market optimism fueled by Donald Trump’s lead in the U.S. presidential election. At the same time, Ethereum (ETH) and Ripple (XRP) are showing promising signs of upward momentum, with key resistance levels in sight.

Bitcoin Targets New All-Time High at $78,777

Bitcoin’s impressive rally to $73,900 is a significant milestone, coming after a week of volatile price movements. After facing rejection at its all-time high on October 29, BTC dipped by 6.65%, finding solid support around the $67,000 mark on Monday. Since then, it has rebounded, pushing past $73,777 and sparking excitement among investors.

With this breakout, Bitcoin is now eyeing the 141.4% Fibonacci extension level, which sits at a potential new all-time high of $78,777. Technical indicators suggest that BTC’s upward momentum could continue. The Relative Strength Index (RSI) on the daily chart currently reads 67, rebounding from the neutral level of 50, signaling that buying interest is intensifying. If BTC can close above $73,777 today, it may solidify support for an extended rally. Conversely, a decline below this level could prompt a retest of the psychological support at $70,000.

Ethereum Nears Key Resistance, Potential 10% Rally in Sight

Ethereum is also showing strength as it trades near a crucial resistance level. After dipping below its ascending trendline on Monday, ETH found support around $2,342 and bounced back to hover near $2,500. As of Wednesday, ETH is testing its 50% retracement level at $2,485—a critical point for a potential breakout.

If Ethereum can close above this $2,485 mark, it may gain upward momentum, with a potential 10% rally targeting its October 21 high of $2,769. The daily RSI, which is currently trending around the neutral 50 level, hints at a possible bullish shift. For sustained growth, ETH’s RSI needs to climb above 50 and hold that momentum. However, a failure to maintain support at $2,342 could send ETH down by 9% to its September low of $2,150, negating the bullish outlook.

Also read : Crypto Markets Celebrate As Trump Leads with 70% Polymarket Odds-Bitcoin Up 5%, Altcoins Add $50 Billion

Ripple Gains Support, Signals Possible 15% Rally

Ripple (XRP) is also experiencing renewed momentum after finding support at $0.488 on Sunday and gaining over 3.5% through Tuesday. As of Wednesday, XRP is trading above $0.526 and eyeing a breakout above its next resistance level at $0.544.

Should XRP close above $0.544, analysts suggest it could extend its rally by as much as 15%, aiming for the next major resistance at $0.626. The Moving Average Convergence Divergence (MACD) indicator supports this bullish scenario, with a fresh crossover that signals buying interest. Additionally, the RSI has flipped above 50, indicating that bullish sentiment is building.