The year 2025 has started with a number of notable events in the crypto world, most notably the breakout of bitcoin (BTC). BTC is currently struggling to stay above $100,000, evidenced by a strong uptrend in options contracts listed on Deribit. This contrasts with the S&P 500, which is facing increased downside risks due to concerns surrounding Donald Trump’s inauguration as a “sell the news” event.
Although economic optimism has positively impacted the overall financial market, analysts warn of the possibility of early profit-taking as signs of weakness appear in economic data. Factors supporting BTC include the return of liquidity to the market, the strong position of miners, and increased interest in cryptocurrency. In contrast, developments in the bond market, particularly rising yields in Japan and the UK, could hinder risky assets.
On the altcoin front, the price of XRP is currently trying to close above a descending resistance line. If it surpasses the resistance level in the range of $2.48 to $2.60, this could be a sign of an upward trend and the potential breakout towards $2.72. Analyst Peter Brandt suggests that the half-mast flag structure on the weekly chart of XRP could lead to a significant price increase, with a target of $6.40, corresponding to a 262% increase from the current level. Another analyst, Mikybull, also predicts an upcoming breakout with a target of $3.74 and the potential to peak at $15. However, both warn that if these resistance levels are not surpassed, the outcome could shift to a downward trend.
To confirm the upward trend, XRP needs to have a daily closing session above $2.45. With high volatility and many new opportunities, the cryptocurrency market in 2025 promises to be an exciting and challenging year for investors.
