Crypto markets dipped on Thursday as traders locked profits after a recent rally. While Bitcoin held the $93,000 level, other cryptocurrencies declined. XRP, Ether, and SOL dropped over 2%. Dogecoin led the losses as it dropped over 5%. XRP is currently trading at $2.16, down over 4% in the past day.
Bitcoin is facing resistance near $91,275, with potential for a pullback to $85K–$90K if ETF inflows don’t pick up or it fails to break $95K, says Bitget’s Ryan Lee. Traders carefully watch the macro trends and liquidity for their next moves.
Analysts Watch XRP Breach Major Resistance
XRP has breached a major resistance at $2.24, which is a key retracement level that signals the start of a strong uptrend. Since then, it has faced a brief rejection from that level, however, she points out that it could just be a healthy pullback and not a weakness.
Analyst Casi suggests that the recent momentum could be hinting towards a new trend, and new highs are expected. She mentions $2.24, $1.90, and $1.55 as key levels to watch for, which are now less likely. Any of these could be the launchpad for Wave 3 of a bigger move, she says.
Bitcoin Tests $95K
Meanwhile, Bitcoin has continually pushed through to test near $95K and then pulled back to $92K. If Bitcoin breaks above $95K, then new highs towards $126K could just be on the horizon. Nevertheless, she notes that both charts look bullish and a big move might just be around the corner.
Analyst Ali Martinez shared that Bitcoin is testing its yearly open at $93,548. The level which used to act as strong support might now act as resistance, possibly making it harder for the price to move higher from here. Meanwhile, Crypto Rover shared Bitcoin’s most bullish chart he has ever seen.
Analyst Egrag Crypto is also bullish on XRP and believes it is following the 2017-bull run pattern. He predicts XRP to hit $27 soon, and then soar to $120 in the next cycle
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FAQs
The market dipped 2.5% due to profit-taking after a strong rally—no major negative news triggered the sell-off.
Yes, analysts see XRP’s pullback from $2.24 as healthy, with potential to launch Wave 3 and hit $27 or even $120 long-term.
Bitcoin faces resistance near $95K due to low ETF inflows and macro uncertainty, which could cause a pullback to $85K–$90K.
