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Crypto Price Analysis January-03: ETH, XRP, ADA, BNB, and SOL

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This week, we examine Ethereum, Ripple, Cardano, Binance Coin, and Solana in greater detail.

Ethereum (ETH)

Ethereum’s rally was cut short in December when sellers quickly returned as soon as the price moved above $4,000. Soon after, the cryptocurrency entered a deep correction that saw it drop to $3,100. Since then, good support was found around $3,300 which held well to date.

At the time of this article, buyers are trying to push the price higher, but the volume is low. Nevertheless, should this trend continue, ETH could aim to hit $3,700 next. The question is if that level will bring back sellers. If not, the most likely candidate is the resistance at $4,000.

Looking ahead, ETH needs to turn $4,000 into a key support if it hopes to make a new price record in 2025. To do so, it needs to move above $4,868, which is the current ATH.

ETHUSDT_2025-01-03_13-45-38
Chart by Tradingview

Ripple (XRP)

After a brief correction under $2, XRP is now back on the offensive and is hovering around $2.4 at the time of this article. Buyers seem keen to re-enter and they are currently aiming for $3 as the major target of any future rally.

With the support at $2 confirmed, the bullish momentum is again picking up which could see the price make a higher high later on. That would only embolden buyers more as they seek to reach the ATH from January 2018 at $3.3.

Looking ahead, if this cryptocurrency manages to move above $3.3, then it will enter price discovery and higher targets such as $4 and above become realistic. However, until then, XRP needs to turn $3 into a key support.

XRPUSDT_2025-01-03_13-46-30
Chart by Tradingview

Cardano (ADA)

After the price was rejected by the resistance at $1.3, ADA entered a correction which found good support at 85 cents. Since touching that level, buyers have returned and managed to push the price above $1, at the time of this post.

The most important resistance on the current chart is found at $1.3. This level stopped the previous rally, but could soon be tested again. If broken, buyers will aim for $2 as the next major target.

Looking ahead, Cardano performed extremely well in November 2024 when the price increased by 300%. A new rally could happen in early 2025 which may see this cryptocurrency make new highs.

ADAUSDT_2025-01-03_13-47-46
Chart by Tradingview

Binance Coin continues to impress after it made a new record price in early December at $794. Momentum remains bullish and buyers are currently confirming the $691 level as support. If it holds, then BNB could make another ATH in 2025.

The most important resistance on the chart is the current price record at $794 which will likely attract sellers again. However, if the overall market continues to trend higher, BNB has a good chance to break that key resistance and rally again.

Looking ahead, Binance Coin has a real chance to reach $1,000 in 2025. The price needs to increase by 40% to reach that level. This appears possible if the market remains bullish in the months to come.

BNBUSDT_2025-01-03_13-47-19
Chart by Tradingview

Solana (SOL)

After a quick drop to $175 in late December 2024, Solana buyers returned and they managed to push its price above $200 this week. While it is still early to call it, the price is currently testing the $206 level as a key support. If it holds, SOL has the path open to higher price levels.

The next major resistance levels will be found at $240 and $260. In the past, SOL failed to hold around these price levels and sellers quickly returned there. A decisive breakout above $260 is needed if this cryptocurrency is to make new price records.

Looking ahead, Solana’s correction appears over and buyers are returning. However, their conviction will soon be put to the test if the price approaches $240.

SOLUSDT_2025-01-03_13-48-16
Chart by Tradingview
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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Analysts Post Thrilling Bitcoin Price Predictions for 2025: Where’s the Top?

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The little orange cryptocurrency was one of several digital assets in this segment that walloped 2024 gains from investing in US stocks like those in the S&P 500 Index or Nasdaq Composite.

Others, like Ripple’s XRP tokens for international settlements between large institutions, performed even better than Bitcoin. XRP was up 247% by Christmas Day in December. It notched 271% for the entire year on Wednesday.

But here’s how some leading crypto market analysts expect Bitcoin’s price to carry through some point over the 2025 calendar year.

For a basis of reference, Bitcoin traded at an average crypto exchange rate of $94,700 Wednesday evening US Eastern Time, according to data from CoinGecko.

Bitcoin Price Predictions: $80,000 – $160,000

Peter Brandt: $78,000

Brandt made a prediction on Sunday, Dec. 29, targeting a big drop in Bitcoin’s price to the $78,000 level, based on a 45-day head and shoulders top pattern.

If he’s right, BTC will have to take one step back before it advances toward the more bullish price targets for 2025. But Brandt also cautioned in the comment thread on his post, “Charts do NOT predict anything. Charts merely suggest possibilities.”

The famous stock chart technical analyst is bullish for XRP in 2025, but his outlook for Bitcoin’s price is bearish.

CoinShares: $80,000

European crypto hedge fund CoinShares’ head of research, James Butterfill, recently told CNBC that $150,000 BTC is possible in 2025. But he said a bearish correction to $80,000 is also on the cards.

“Disappointment surrounding Trump’s proposed crypto policies and doubts about their enactment could prompt a significant market correction,” Butterfill warned.

Bullish 2025 BTC Targets: $160,000 – $250,000

Standard Chartered: $200,000

British multinational bank Standard Chartered’s research head Geoff Kendrick says his office is targeting $200,000 BTC in 2025. He added that the entry of the United States government into the Bitcoin race is likely to fuel that rally.

“Even a small allocation of the USD 40tn in US retirement funds would significantly boost BTC prices,” Kendrick noted.

“We would turn even more bullish if BTC saw more rapid uptake by US retirement funds, global sovereign wealth funds (SWFs), or a potential US strategic reserve fund.”

Nexo: $250,000

Swiss-based crypto fund manager Nexo’s chief product officer, Elitsa Taskova, told CNBC, “We see Bitcoin more than doubling to $250,000 within a year.”

She points to ongoing trends in adoption by institutional finance and social indicators for the bullish outlook in 2025.

“These projections align with ongoing trends and social markers: increasing recognition of Bitcoin as a reserve asset, more Bitcoin and crypto-related exchange-traded products (ETPs), and stronger adoption,” Taskova said.

Bottom Line for Investors

Like stocks, cryptocurrency assets are held at risk. But for more than a decade, Bitcoin has delivered world-class returns during bull markets. That means it’s possible for a small allocation to BTC can substantially speed individual investment portfolios toward reaching personal finance goals.

Nevertheless, investors should do their own research before allocating funds into any asset, no matter its returns over the past year or two.

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From $2 to $11: Popular Analyst Maps Out Ripple’s (XRP) Next Big Move

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TL:DR;

  • XRP rebounded from its most recent price slip below $2, but the asset might not be out of the woods yet.
  • However, a popular crypto analyst suggested that a potential decline toward that level again could be beneficial for XRP’s long-term price movements.
XRPUSD. Source: TradingView
XRPUSD. Source: TradingView

Ripple’s cross-border token went on a massive run after the US elections, skyrocketing by triple digits at one point and peaking close to $3. All of these gains came in the span of a few weeks, but the asset lost momentum at the start of December.

It tumbled hard on several occasions in the following weeks, with the latest decline to under $2 transpiring last Monday – December 30. This came during the most recent market-wide correction.

However, the popular crypto asset reacted well to this decline and shot up by over 20% since then, currently sitting at around $2.45. Consequently, XRP has regained its spot as the third-largest cryptocurrency by market cap by surpassing Tether’s USDT.

According to analyst Ali Martinez, XRP still stands below a steep resistance level of $2.73, which has stopped its price ascent on a couple of occasions during this rally. If the asset fails to overcome it soon, it could slump back to $2.05.

However, Martinez actually believes that such a scenario could be a blessing in disguise for XRP, which could catapult it toward a fresh all-time high above $3.4 (CoinGecko data) and all the way up to $11.

It’s safe to say that $11 sounds quite extraordinary for XRP. Such a price tag would put the asset’s market cap at well over $600 billion, which would help it top Ethereum in that regard. Although this might sound plausible under a friendlier Trump administration, it’s still a long way away and falls under the category of exaggerated price predictions.

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2 Strong Indicators US Investors Are Flocking Back to Bitcoin

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The landscape around bitcoin after the last FOMC meeting for 2024 in the US turned upside down, with local investors pulling funds out of the ETFs and the Coinbase Premium Index declining to yearly lows.

However, on-chain data shows that US investors are back on the BTC front, with massive accumulations.

ETFs Demand Returns

During the aforementioned meeting at the highest levels in the US central bank, Fed Chair Jerome Powell warned that there might be fewer or even no rate cuts in 2025 due to rising inflation. US investors reacted immediately and started pulling funds out of riskier assets like BTC and crypto.

Within the next four trading days, they withdrew more than $1.5 billion out of the US-based Bitcoin exchange-traded funds. December 26 was the only day well in the green, as December 27, 30, and January 2 saw more net outflows. Even BlackRock’s IBIT, the world’s largest Bitcoin ETF, was posting negative records.

However, this changed on Friday, January 3. The total net inflows for the day shot up to $908.1 million, according to FarSide data. IBIT was actually second with $253.1 million, trailing behind Fidelity’s FBTC with $357 million. Ark Invest’s ARKB also had a strong presence, attracting $222.6 million. This became the best day in terms of net inflows since November 21.

Coinbase Premium Index

The other metric that showcases US investors’ overall behavior toward bitcoin and crypto is the Coinbase Premium Index, which measures the BTC price difference between Coinbase and Binance. When it shoots up into positive territory, this means that US-based investors are accumulating heavily, and vice versa.

The metric recently plunged to a yearly low, as reported, which coincided with the growing ETF outflows after the FOMC meeting. Now, though, CryptoQuant data shows that it has returned to neutral territory almost immediately after posting that low. This shows that “sentiment by the US and institutional investors is back.”

Bitcoin Coinbase Premium Index. Source: CryptoQuant
Bitcoin Coinbase Premium Index. Source: CryptoQuant
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