The cryptocurrency market surged this week following the attempted assassination of Donald Trump at a campaign rally in Butler, Pennsylvania. His victory, which is anticipated to benefit the crypto sector from a regulatory standpoint, now seems more probable.
Over the past seven days, market capitalization rebounded from $2.14 trillion to $2.33 trillion. During this period, Bitcoin increased by over 11.00%, Litecoin by 1.66%, Ripple by 18.24%, and Ethereum by 10.32%.
Bitcoin
Bitcoin's recent surge hit resistance at 64,728 but failed to surpass it, causing the price to turn downward and remain below this level.
If the decline persists, the next target for weakening is 57,686. That being said, if Bitcoin manages to consolidate above 64,728, it may continue its ascent towards the target of 68,976.
Ripple
By Friday, Ripple gave up some of its weekly gains, settling back into the range between 0.5089 and 0.5865.
From the midpoint of this range, there's room for prices to move toward the lower boundary, though a recovery to resistance is still possible. If XRP/USD drops below 0.4336, the next target for the decline will be 0.3525.
Ethereum
As Ethereum experienced growth, it climbed above the 3293.59 level, forming a bullish flag pattern that sets the stage for further upward movement. The next targets for this rise are the 3586.13 and 3724.33 levels.
Litecoin
Litecoin rebounded from the support level of 57.91 and moved to the range between the 68.80 and 76.95 range (the two dotted lines), where it remains as of this review. If it manages to exit this range, the next target for growth will be 81.76.
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