During the writing of this report, BTC dropped to a new daily low of $93,080. This situation raises the question: could it be an opportunity for altcoins? We had previously discussed the potential risks of the Fed minutes leading to such outcomes. While a major decline was not anticipated, recent data supported bearish sentiment, accelerating the drop. What are the forecasts for XRP Coin and PEPE Coin?
Bitcoin (BTC) Experiences a Decline
As the article was prepared, the largest cryptocurrency by market capitalization, BTC, was priced around $94,000. There exists a support level around $92,780, and if $93,500 is breached (along with subsequent closes below that level), a rapid decline may ensue. This is intriguing, especially as just hours earlier, new all-time high dreams were being discussed above $103,000.
Some analysts suggest that we could see a test of $86,800 following the drop on December 18. If Trump does not take concrete steps regarding cryptocurrencies, losses may escalate due to the likelihood of interest rates remaining unchanged throughout the year.
It is crucial to remember these days of heightened fear, as when the market begins to rise, everyone tends to think it will always go up.
PEPE Coin and XRP Coin Outlook
While BTC was at $93,828 during the writing, waiting for the Fed minutes, XRP Coin also saw a drop. However, it can be said to be in a relatively better position since Ripple 
$2‘s CEO shared a dinner with Trump on X. Additionally, the anticipated regulatory easing supports XRP Coin significantly.
If the decline continues, XRP Coin might test support at $2.18 and $1.89. A resurgence is possible if we see daily closes above $2.39, allowing a return to the $2.5 to $2.93 range. Currently, XRP Coin remains strong, despite a 3% daily drop.
PEPE Coin continues its journey toward the previously shared support level of $0.00001677. With BTC approaching the $93,500 support level, this moment is imminent. If selling pressure persists, lower wicks could reach $0.00001547 and $0.00001200.
Today’s ADP data was favorable for risk markets, and if no alarming updates arise from the Fed minutes, fear-driven selling may halt. This could raise hopes for Friday’s data, allowing the market a chance to recover.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
