Will Bitcoin Hit $120,000 This Week? The Logic Behind Ethereum Reaching $5,000 and XRP at $3

Current Price Snapshot

Chart: https://www.gate.com/trade/BTC_USDT

• Bitcoin (BTC): around $108,345
• Ethereum (ETH): around $4,361
• XRP: around $2.76

Reviewing current prices allows us to set reasonable target levels: 120K, 5K, and 3 are psychologically significant or historic resistance points. Whether these levels are reached depends on sustained capital flows and market sentiment.

Why Is the Market Focused on These Short-Term Targets? (Three Key Drivers)

• Institutional Capital & ETF/Fund Flows: If institutions continue buying or there’s significant inflow into related funds, short-term selling pressure decreases, and prices are likely to rise.
• On-Chain Signals & Large Address Behavior: Whale accumulation, large transfers to cold storage, or fewer withdrawals from exchanges often indicate accumulation signals.
• Technical Breakouts & Amplified Sentiment: When price surges past major resistance on strong volume, technical trading combines with FOMO to drive momentum higher.

Breakdown of the Three Leading Cryptos

Bitcoin (BTC)

Current price: $108,345. Key focus areas: Weekly and daily resistance in the $114K–$120K zone, volume expansion, and continued net exchange outflows. If weekly support holds and volume increases, Bitcoin is more likely to reach $120K. If it fails near $107K, the risk of a short-term correction increases.

Ethereum (ETH)

Current price: $4,361. Upside potential relies on ecosystem activity (DeFi, Layer2, NFT, on-chain transfers) and major capital allocation. If on-chain engagement and institutional interest both increase, Ethereum is more likely to reach $5,000. Recently, large holders have accumulated during price dips, which signals underlying buying strength.

XRP

Current price: $2.76. XRP is highly volatile and strongly influenced by regulatory developments and market headlines. Positive news may push XRP above $3, but short-term capital inflows may also cause sharp pullbacks.

Actionable Tips for New Investors

• Position sizing: Limit any single cryptocurrency holding to no more than 15%.
• Split your investment into at least three parts to avoid buying at peak prices.
• Set a short-term stop-loss between 5% and 10%, and take profits gradually.
• Watch signals: Track Bitcoin’s weekly chart, monitor Ethereum’s on-chain activity, and follow breaking news for XRP.

Summary

Bitcoin may challenge $120,000 this week. Ethereum is aiming for $5,000, and XRP could reach $3. These are short-term scenario estimates that depend on the alignment of new capital, on-chain activity, and technical conditions. For new investors, prioritize risk management over taking excessive risks: use forecasts for guidance and adhere to disciplined strategies.