XRP Coin has returned to $2.40 while BTC price hovers near $97,000. The total value of cryptocurrencies has surpassed $3.4 trillion, with a trading volume of $132 billion. Among the largest cryptocurrencies, XRP Coin gained the most this week, with an 11% increase. The article delves into the latest predictions for XRP, PEPE, and SHIB.
XRP Coin Price Dynamics
Following Trump’s election victory, expectations for regulatory relief on cryptocurrencies have allowed XRP Coin to achieve significant gains. Although the popular cryptocurrency is approaching the $3 mark after several years, the decline initiated by BTC’s price at $108,000 has interrupted this rally.
XRP Coin has risen over 450% post-elections, successfully defending the support level at $2.01. With few exceptions, the price has remained above this critical threshold, affirming potential for further increases.
If XRP Coin continues to close above $2.38, it is expected to target new peaks between $2.57 and $2.93. Moreover, the resignation of SEC Chairman Gensler on January 20 should act as a significant catalyst for further growth.
Shiba Coin and PEPE Coin Trends
Shiba Coin remains the second-largest cryptocurrency by market cap, making considerable strides in building its ecosystem. With the resurgence of its popularity, announcements from the team may pave the way for new all-time highs. The resistance at the $0.00002082 parallel channel has been highlighted as crucial in previous assessments.
In the coming days, we might see a test of the $0.0000253 level, followed by a target of $0.0000293 at the parallel channel resistance.
PEPE Coin support is maintained at $0.00001958, aiming for a resistance target of $0.00002288. If ETH prices remain strong in the coming hours, PEPE Coin is expected to move towards its resistance point.
While BTC price lingers around $97,000, the main point where risk appetite will strengthen is at $98,500. However, recent downward trend formations have been broken, as $97,000 has been reclaimed after days of consolidation.
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.
