The cryptocurrency market today has been showing strength as blue chip coins, namely Bitcoin, Ethereum, and XRP navigate through bullish zones. Talking about a quick January recap, while Bitcoin and XRP witnessed decent gains, Ethereum remained relatively stable, hinting at potential trend shifts in the coming weeks.
With the business’s total market cap holding firm above the $3.55 trillion mark, investors are on the lookout for answers like “Will BTC reclaim its all-time high and push toward $110k? “Can ETH overcome resistance and aim for $3700?” “Will XRP’s bullish breakout push for another major rally?” This analysis answers all such queries!
Bitcoin (BTC)
Bitcoin price today has dropped ~1% with a trading volume of $38.057 billion. Despite recording a neutral price action over the past seven days, the price of Bitcoin jumped 11.56% in 30 days and has added ~13% to its valuation this year. With this, the BTC price has successfully concluded its first month on a bullish note.
The Simple Moving Average (SMA) acts as a support to the Bitcoin price chart. On the other hand, the MACD indicator records a neutral price action with its averages displaying a Golden Cross in the daily time frame. This suggests a bullish outlook in the coming time.
Suppose, the market favors the bulls, in this case, the Bitcoin price will retest its previous ATH and head toward its target price of $110k in the coming time. Conversely, a bearish reversal could result in the price of Bitcoin hovering around the $100k mark.
Planning on investing in the largest cryptocurrency but confused with questions like “How high can BTC price really go?” Read Bitcoin Price Prediction!
Ethereum (ETH)
The ETH coin price has surged over 4% today with a trading volume of $21.707 billion, a change of -9.03%. However, it has displayed a neutral price action during January, highlighting a week of buying-and-selling pressure for it in the market.
The Relative Strength Index (RSI) surpasses the neutral point with a sharp upward trend in the daily time frame. However, its EMA 50/200-day displays mixed price action. This indicates rising uncertainty for the largest altcoin in the cryptocurrency market.
Maintaining the price above its support level of $3,272 could result in the ETH coin price heading toward its upper high of $3,700. On the flip side, if the bears outrun the bulls, this could pull the price toward its important support level of $3,000.
Wondering, will the ETH price achieve a new high this altcoin season. Read Ethereum Price Prediction 2025 and beyond to explore the possible answers!
Ripple (XRP)
The Ripple price has dropped over 2% in the last seven days. However, it has jumped 42.01% over the past month and has a YTD return of +49.16%. Moreover, with a potential Ripple vs SEC lawsuit conclusion and a potential XRP ETF, this altcoin could record a blast in the coming time.
The Moving Average Convergence Divergence (MACD) records a constant red histogram with its averages experiencing a descending trend. On the other hand, the SMA indicator witnesses a positive crossover, indicating mixed price action.
If the bulls regain momentum, the price of XRP token could retest its high of $3.50. Sustained bullish action could push the price toward a new ATH in the coming time. On the contrary, a strong bearish reversal could pull the price toward its low of $2.50.
Planning on stacking more XRP tokens but curious about questions like “Will XRP hit $100?” Read XRP Price Prediction to uncover the potential long-term mysteries!
FAQs
The BTC price could reach as high as $600,000 by 2030. Moreover, increased adoption may push the price beyond the $1 million mark.
Considering the present market sentiment, it is highly unlikely for the top altcoin to achieve this target price.
If the bullish sentiment sustains, the XRP coin price could claim the $10 mark by the year 2028.
