The crypto market continues to show signs of volatility at the start of 2025. According to the latest analyses, Bitcoin (BTC) and Ethereum (ETH) are showing bearish trends, while Ripple (XRP) seems poised for a further rise. What direction will these cryptocurrencies take this week?
Crypto: Bitcoin and Ethereum in pain as Ripple prepares a rally!
The price of bitcoin recently fell almost 4% last week, stabilizing around $93,308 on Monday. However, if BTC continues to fall and closes below $92,493, it could test the psychological level of $90,000. On the other hand, a recovery above $100,000 could restart the uptrend to retest the all-time high of $108,353 reached on December 17, 2024.
Ethereum has also shown signs of weakness, dropping more than 10% in the past week. ETH price is currently hovering around $3,257, approaching its key support level of $3,207. If ETH closes below this level, it could continue its decline to test the psychological level of $3,000. However, a recovery above $3,730 could signal an uptrend for the crypto.
Unlike BTC and ETH, Ripple is showing signs of strength. The price of XRP recently crossed the upper limit of its symmetrical triangle. This technical pattern, formed by the connection of multiple highs and lows with two converging trendlines, generally indicates an uptrend. The crypto XRP, which currently stands at $2.45, has already increased by 10% after crossing this limit, and could continue to rise if this trend continues.
Forecast for this week
This week, which is the last before Trump's inauguration, heralds increased volatility. Bitcoin could test resistance levels around $92,000, while ethereum could hover between $3,100 and $3,000 due to macroeconomic uncertainties. Despite a fall of 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 carefully monitoring the upcoming political and economic impacts.
As bitcoin and ethereum show signs of weakness, ripple appears poised to benefit from further bullish momentum. Investors will need to closely monitor these key levels to anticipate future movements in the crypto market.
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