🚀 Bitcoin Nears ATH, Ethereum Targets $4K, XRP Breaks Records: The 2025 Crypto Surge You Can’t Ignore

Crypto markets are flexing again—BTC flirts with all-time highs, ETH guns for $4,000, and XRP just rewrote its playbook. Here’s why traders are glued to their screens.

Bitcoin: The ATH tease
BTC’s knocking on the door of its historic peak—again. No fireworks, just relentless upward pressure while Wall Street analysts scramble to justify their old 'bubble' calls.

Ethereum: The $4K gambit
ETH isn’t playing second fiddle. With DeFi protocols sucking up supply like a vacuum, that $4,000 target looks less like hopium and more like a pit stop.

XRP: The dark horse sprints
While the SEC wastes taxpayer money on paperwork, Ripple’s native token just left its old records in the dust. Cue the 'told-you-so' tweets from the XRP army.

Meanwhile, traditional finance bros are still explaining why 2% bonds are 'safe.' Enjoy those inflation-adjusted losses, folks.

Bitcoin is inching toward its all-time high 

Bitcoin price dipped, reaching a low of $115,736 on Tuesday after hitting a new all-time high of $123,218 the previous day. BTC recovered from this Tuesday’s dip over the next two days and, at the time of writing on Friday, trades above $120,000.

If BTC closes above the $120,000 mark on a daily basis, it could extend the recovery toward the fresh all-time high at $123,218 and beyond.

The Relative Strength Index (RSI) indicator reads 71, rebounding on Tuesday and pointing upward, indicating strong bullish momentum. The Moving Average Convergence Divergence (MACD) exhibited a bullish crossover at the end of June that still holds. The rising green histogram bars above its neutral zero line suggest that bullish momentum is gaining traction.

BTC/USDT daily chart

On the contrary, if BTC faces a correction, it could extend the decline to find support around its Tuesday’s low of $115,736.

Ethereum bulls take control, aim for $4,000

Ethereum price closed above the psychological level of $3,000 on Tuesday and rallied by 10.8% on Thursday. At the time of writing on Friday, it continues to trade higher toward its daily resistance at $3,730.

If ETH closes above the daily resistance at $3,730, it could extend the rally toward its next key psychological level at $4,000.

The RSI on the daily chart reads 85, above its overbought level of 70, indicating strong bullish momentum. Meanwhile, the MACD indicator displayed a bullish crossover in early July that still holds. The rising green histogram bars above its neutral zero line suggest that bullish momentum is gaining traction.

ETH/USDT daily chart

However, if ETH faces a pullback, it could extend the decline to find support around its key level at $3,000.

XRP reaches new all-time high at $3.66

XRP price closed above the key psychological level of $3 on Wednesday and rallied 14.60% the next day. At the time of writing on Friday, it continues to trade higher, reaching a new all-time high of $3.66. 

If XRP continues its upward trend, it could extend the rally toward its 141.40% Fibonacci extension level at $4.13, drawn from the January high of $3.40 to the April low of $1.61.

However, the RSI indicator on the daily chart reads 89, indicating an extreme overbought condition, which traders should be cautious of. Meanwhile, like Ethereum, the MACD indicator suggests further gains for XRP ahead.

XRP/USDT daily chart

On the other hand, if XRP faces a correction, it could extend the decline to find support around its daily level at $3.40.

Cryptocurrency metrics FAQs

What is circulating supply?

The developer or creator of each cryptocurrency decides on the total number of tokens that can be minted or issued. Only a certain number of these assets can be minted by mining, staking or other mechanisms. This is defined by the algorithm of the underlying blockchain technology. On the other hand, circulating supply can also be decreased via actions such as burning tokens, or mistakenly sending assets to addresses of other incompatible blockchains.

What is market capitalization?

Market capitalization is the result of multiplying the circulating supply of a certain asset by the asset’s current market value.

What is trading volume?

Trading volume refers to the total number of tokens for a specific asset that has been transacted or exchanged between buyers and sellers within set trading hours, for example, 24 hours. It is used to gauge market sentiment, this metric combines all volumes on centralized exchanges and decentralized exchanges. Increasing trading volume often denotes the demand for a certain asset as more people are buying and selling the cryptocurrency.

What is the funding rate?

Funding rates are a concept designed to encourage traders to take positions and ensure perpetual contract prices match spot markets. It defines a mechanism by exchanges to ensure that future prices and index prices periodic payments regularly converge. When the funding rate is positive, the price of the perpetual contract is higher than the mark price. This means traders who are bullish and have opened long positions pay traders who are in short positions. On the other hand, a negative funding rate means perpetual prices are below the mark price, and hence traders with short positions pay traders who have opened long positions.