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Crypto Bulls Eye Weekend Surge: Will Bitcoin, Ethereum, and XRP Defy Gravity Again?

Crypto Bulls Eye Weekend Surge: Will Bitcoin, Ethereum, and XRP Defy Gravity Again?

Published:
2025-05-09 16:27:09
18
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Market whispers suggest a potential weekend rally for major cryptos—just as Wall Street bankers log off to sip martinis. Bitcoin claws back toward $65K, Ethereum flirts with $3,200, and even XRP shows faint pulses. Technicals hint at bullish divergences, but remember: in crypto, ’oversold’ just means ’prepping for the next 20% face-melter.’

Traders are stacking leveraged longs like Jenga blocks, while institutional FOMO lurks around key resistance levels. Will the breakout stick? Or is this another ’buy the rumor, sell the news’ setup? Either way, the charts don’t lie—until they do.

$3 Billion in Bitcoin, Ethereum Options to Expire Today

As per the latest data, around $2.65 billion in Bitcoin options are set to expire today. This expiration includes 25,925 contracts, however, this is slightly lesser than last week’s total of 26,949 contracts.

Bitcoin Options In Deribit

Source: Deribit (Bitcoin)

On the other hand, ethereum is set to witness 164,591 contracts, slightly lower than last week’s 184,296. With a total value of $364.06 million, the maximum pain point for these contracts is $1,850, a put-to-call ratio of 1.43. 

Ethereum Options In Deribit

Source: Deribit (Ethereum)

Bitcoin Price Hits $104,000 Mark, Retests March High

The BTC price added 6.84% to its valuation over the past seven days, resulting in it reclaiming the $104K mark. Moreover, with a market capitalization of $2.05 trillion, its market dominance has increased to 62.98% today.

Btc/Usdt Price Chart

Source: TradingView (BTC/USDT)

The Relative Strength Index (RSI) surpasses the overbought range in the bitcoin price chart. Moreover, the SMA indicator acts as a strong support in the 1D time frame, hinting that the largest crypto token may continue gaining momentum next week.

Maintaining the value above its $102,000 mark could set the stage for bitcoin price to head toward its $105,000 level. Sustained bullish action could push the price toward its $108,000. Conversely, an increase in the bearish action may pull the price toward its low of $98,000.

Ethereum Price Forms Higher Lows, ETH To Hit $2,500 Next?

With the Pectra upgrade, the ETH coin price has regained momentum by adding 25.38% to its valuation over the past seven days. This has resulted in it surpassing the $2,300 mark and retesting its March high. Moreover, with a market cap of $280.07 billion, it has a market dominance of 8.61%.

Eth/Usdt Price Chart

Source: TradingView (ETH/USDT)

The Moving Average Convergence Divergence (MACD) displays a constant green histogram since mid-April with its averages recording a similar trend. Furthermore, the 50-day EMA witnesses a positive crossover with its 200-day hovering around the $2,400 mark.

A sustained bullish action could push the price of Ethereum token toward its $2,750 mark. However, if the bears outrun the bulls, the largest altcoin could plunge toward its low of $2,100 in the upcoming time.

Will XRP Price Break Through $2.5 This Week?

With the SEC confirmation, the Ripple price adds just under 5% today. Moreover, with a market cap of $137.76 billion, this project is the 4th most-valued crypto asset in the market.

Xrp/Usdt Price Chart

Source: TradingView (XRP/USDT)

The Simple Moving Average (SMA) records a positive action in the daily time frame. Furthermore, the MACD indicator displays a similar trend by experiencing a rising green histogram. Moreover, the 12 & 26-day EMA experience a positive convergence, suggesting a positive outlook.

If the bulls outrun the bears, the XRP coin price could retest its important resistance level of $2.50. On the other hand, an intensified bearish action may result in it dropping toward its low of $2.00 in the upcoming time.

Also Read: Bitcoin Price Hits $104K as New Wallet Addresses Flood the Market

    

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