Why Is Crypto Surging Today? Bitcoin Nears $120K, Ethereum Hits 2025 Highs, Dogecoin and XRP Rally

Bitcoin (BTC) price is surging toward the $120,000 mark following President Trump's announcement of a tariff reduction with the European Union, sparking renewed optimism across cryptocurrency markets. Altcoins are following Bitcoin's lead: Ethereum (ETH) is extending this year's highs, while Dogecoin (DOGE) and XRP are also rising, though both face resistance at key levels. In this article, we explore the reasons behind today's crypto rally and analyze technical charts for ETH/USDT, BTC/USDT, DOGE/USDT, and XRP/USDT.

Why Is Crypto Going Up Today? Major Cryptocurrency Performance Breakdown

Bitcoin Tests $120K Barrier on Tariff Optimism

The cryptocurrency market gained fresh momentum after President Trump announced a significant trade deal with the European Union, reducing tariffs from a threatened 30% to 15%. This diplomatic breakthrough sent shockwaves through financial markets, with Bitcoin leading the charge toward the psychologically important $120,000 level. Bitcoin's technical outlook remains strong despite the surge. It has been consolidating tightly between $116,000 and $119,000 over the past week. This rally reflects more than speculative enthusiasm; it signals reduced macroeconomic uncertainty that had weighed on markets throughout 2025. From a technical perspective, Bitcoin remains locked in a narrow range just below its all-time highs last seen on July 14 when it briefly touched $122,000. Even then, closing prices stayed below $120,000, which continues to act as a key resistance. The support band holds firm at $116,000, marking recent local lows. Short-term correction risks remain if Bitcoin fails to break above current resistance, but bulls have strong support at $112,000, the previous all-time high from May, which aligns with the 50-day moving average. Even if this level breaks, bears would control the market only until the $100,000 psychological barrier, where the 200-day exponential moving average offers additional support.

Ethereum Powers Toward $4,000 Milestone

Ethereum was Sunday's standout performer, posting a 3.5% gain and testing the $3,882 level. On Monday, ETH continued to strengthen, testing $3,941 before settling near $3,891, a roughly 0.4% daily gain. Technical analysis shows ETH breaking above local resistance at $3,800, which capped prices since July 20. This breakout opens the path toward the psychologically significant $4,000 level, which coincides with December 2024 peaks and represents a formidable resistance zone. Institutional interest in Ethereum is growing, with companies like SharpLink planning to build ETH treasuries. This mirrors Bitcoin's institutional adoption journey and suggests structural demand beyond retail speculation. Historically, ETH often outperforms Bitcoin following rallies, which may fuel further gains. The risk-reward profile remains attractive despite potential pullbacks. Corrections to $3,800 or deeper retracements to $3,400 (January 2025 local peaks) would offer buying opportunities. Even declines toward $3,000, near the 61.8% Fibonacci retracement and exponential moving average, should remain under bullish control.

XRP Momentum Builds Despite Resistance

XRP advanced 2.3% on Sunday and extended gains Monday, testing $3.33 before hitting resistance near $3.30. It currently trades slightly lower around $3.27 amid a tug-of-war between bulls and bears at critical levels. XRP's recent performance shows both strength and vulnerability. It bounced from early lows near $3.15, and institutional accumulation patterns alongside late-session rallies indicate continued upside potential. Strong volume spikes well above the 24-hour average confirm persistent buying interest. Technically, XRP remains capped by January peaks near $3.30 after testing $3.60 near historical highs. A sharp single-day drop of over 10% pulled prices back into a consolidation range between $2.96 and $3.30 resistance. Should XRP break out, support lies around $2.75 and $2.65, aligning with 50% retracement levels from 2025 gains. A decisive move above $3.23 resistance is needed to confirm short-term bullish continuation. Traders watch if XRP can hold above $3.20 amid broader market consolidation and look for volume to test the $3.25-$3.30 range.

Dogecoin Eyes Golden Cross Formation

Dogecoin gained 8% on Sunday, with Monday testing intraday highs just below 25 cents. Current pricing near $0.2438 reflects a 1.5% advance from Sunday's close, maintaining momentum despite resistance. DOGE's technical setup resembles XRP’s. After a sharp 12% single-day drop last week and a failed test of resistance near 29 cents (levels last seen in February), DOGE faces resistance near May peaks around 25 cents. Notably, DOGE is close to forming a golden cross—a bullish signal where the 50-day moving average crosses above the 200-day average. Both averages converge near the psychological 20-cent support level. If this crossover occurs soon, it would be a strong bullish indicator supporting DOGE investment strategies. The current consolidation between 23-24 cents, despite heavy volume and selling pressure, suggests a potential breakout targeting 25 cents and beyond.

Why Is Crypto Surging? Institutional Adoption Drives Structural Shift

The July rally reflects more than speculation; it marks a fundamental shift in digital asset adoption. Public companies are increasingly raising capital for crypto treasury strategies, while traditional financial institutions rush to offer crypto-related services. Jeff Mei, COO at BTSE, said, "We are seeing an incredible number of companies raising money on public markets to adopt crypto treasury strategies. Banks and other financial institutions are scrambling to roll out cryptocurrency-related services to meet increasing demand." The passing of the GENIUS Act and cryptocurrencies reaching a collective $4 trillion market cap are key milestones. Combined with Trump's tariff diplomacy reducing trade war fears, these factors create a favorable environment for continued digital asset appreciation.

Bitcoin, Ethereum, XRP, and Dogecoin Price Predictions Summary

Cryptocurrency	Analyst / Author	Forecast Summary
––––––––	––––––––––––	–––––––––––––––––––––––––-
Bitcoin (BTC)	Tom Lee (Fundstrat)	$250K by end-2025; long-term $2.5M–$3M
	Mitch Goldberg	Base case $200K–$500K by mid-2030s; $500K by 2030
	MikybullCrypto	Technical breakout targets $130K–$135K in 2025
Ethereum (ETH)	Mark Newton (Fundstrat)	Short-term $3.9K–$4.5K; medium $8K–$15K; long $15K–$20K
	Daan CryptoTrades	Bullish pattern toward $3,000 in coming months
	Rekt Capital	Resistance near $3,500; breakout toward $4,000+
Dogecoin (DOGE)	TraderTardigrade	Price reaching $0.40 based on breakout model
	Jake Wujastyk	Technical target $0.45
	Rose PremiumSignals	Range $0.37–$0.61; long-term above $1
	MarketsInsider Analysts	Short-term move to $0.30
XRP (Ripple)	CryptoInsightAnalytics	$5.25–$6 in 2025 based on technical and Fibonacci
	AMBCrypto Analysts	Momentum-based $2.60–$3.00 near term
	General Editorial Recap	XRP surpassing $6 during 2025

Crypto News FAQ

Why Is the Crypto Market Going Up? The surge is driven by Trump's EU tariff deal reducing uncertainty, $15 billion Bitcoin ETF inflows, massive short liquidations over $460 million, and accelerating institutional adoption. Why Is Bitcoin on the Rise Right Now? Bitcoin's rally toward $120,000 is fueled by institutional ETF demand, political pressure on the Federal Reserve, declining volatility, corporate treasury adoption, and regulatory momentum. Can Ethereum Reach $10K? Ethereum's immediate target is $4,000. Reaching $10,000 requires sustained institutional adoption, tokenization trends, corporate ETH treasury strategies, and breaking multiple resistance levels. Why Is XRP Going Up So Much? XRP's surge reflects institutional accumulation, volume spikes, technical breakouts, ETF speculation, and renewed interest in cross-border payments. Is Dogecoin Going to Hit $1? Dogecoin hitting $1 requires breaking 25-cent resistance, completing the golden cross, sustained meme coin momentum, and broader market continuation. Near-term targets are 25-30 cents.

Crypto Market's Take

The developments in the cryptocurrency market align with major trends we observe at AI Crypto Market. With our AI-driven trading tools and expert-led market analysis, we empower traders to capitalize on these surges efficiently. The increased institutional adoption, similar to what is mentioned in the market, echoes our platform’s strategic focus on providing robust AI tools that cater to both individual and institutional investors, enabling them to leverage cutting-edge technology in their trading strategies.

Why Is Crypto Going Up Today? Bitcoin Hits 20K, Ethereum Price at 2025 High, Dogecoin and XRP Follow