12h05 ▪
4
min read ▪ by
The crypto market continues to show signs of volatility at the beginning of the year 2025. According to the latest analyses, Bitcoin (BTC) and Ethereum (ETH) are showing bearish trends, while Ripple (XRP) seems ready for a new upward movement. What direction will these cryptocurrencies take this week?
Crypto: Bitcoin and Ethereum in trouble while Ripple prepares for a rally!
The price of Bitcoin recently fell by nearly 4% last week, stabilizing at around $93,308 this Monday. However, if BTC continues to decline and closes below $92,493, it could test the psychological level of $90,000. On the other hand, a recovery above $100,000 could reignite the bullish trend to retest the historic high of $108,353 reached on December 17, 2024.
Ethereum has also shown signs of weakness, with a decline of over 10% last week. The price of ETH is currently around $3,257, nearing its key support level of $3,207. If ETH closes below this level, it could continue to decline to test the psychological level of $3,000. However, a recovery above $3,730 could signal a bullish trend for the crypto. However, ETH generally follows bitcoin’s trend and could continue in the bearish if BTC doesn’t recover. As Ryan Lee, Chief Analyst at Bitget, believes:
Ethereum’s price movement remains highly correlated with Bitcoin, meaning that any significant change in Bitcoin’s dynamics could directly influence ETH’s trajectory. Technical indicators show bullish momentum, with the 50-day moving average pointing upwards. However, Ethereum remains volatile, with its short-term direction dependent on general market dynamics and its ability to maintain positive momentum.
Unlike BTC and ETH, Ripple shows signs of strength. The price of XRP recently broke through the upper limit of its symmetrical triangle. This technical pattern, formed by connecting several highs and lows with two converging trend lines, generally indicates a bullish trend. The crypto XRP, currently at $2.45, has already risen by 10% after breaking this limit, and could continue to rise if this trend holds.
Forecasts for This Week
This week, which is the last before Trump’s inauguration, promises increased volatility. Bitcoin could test resistance levels around $92,000, while Ethereum could fluctuate between $3,100 and $3,000 due to macroeconomic uncertainties. Despite falling almost 3% in the last 24 hours, XRP is supported by positive legal developments, which could propel it to $2.85 this week. Crypto investors are therefore closely monitoring the upcoming political and economic impacts.
While Bitcoin and Ethereum show signs of weakness, Ripple appears ready to take advantage of a new bullish momentum. Investors will need to closely monitor these key levels to anticipate future movements in the crypto market.
Maximize your Cointribune experience with our “Read to Earn” program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
Le monde évolue et l’adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m’intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l’optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
