Price analysis
Crypto Investor’s Brave Yet Hilarious Prediction Speculates If XRP Price Will Hit $3,000 This Cycle
A renowned crypto investor has outlined a brave XRP price prediction saying that Ripple might rally to $3,000 this cycle. The analyst’s bullish forecast comes at a time when bearish headwinds are causing a downturn across the broader crypto market as XRP struggles to sustain levels above the crucial support of $2.
Crypto Investor Shares Brave XRP Price Prediction
Crypto investor Random Crypto Pal has shared a bold XRP price prediction and likened the 2017 XRP price rally to the 2025 price movement. He noted that in 2017, Ripple climbed from $0.003 to $3.31, which was an over 110,000% price gain, If it repeats this pattern, XRP could reach $3,000.
Pal’s bullish prediction has attracted criticism from other crypto investors. In response to his X post, one user noted that in 2017, XRP only needed billions of dollars to achieve the $3.31 price within months. However, for an upswing to $3,000, Ripple needed trillions of dollars in buying demand, which was not feasible.
More importantly, at a price of $3,000 and a circulating supply of $58 billion, XRP would have a $174 trillion market cap. This is more than six times higher than the annual US GDP. It would also be three times bigger than the entire US stock market, which has a market cap of $69 trillion.
This massive market cap valuation shows why a $3,000 XRP price prediction is hilarious. Ripple is unlikely to reach this level with the current amount of token supply.
Ripple Technical Analysis As Another Crash Looms
XRP price today trades at $2.09 with a 3.6% decline in 24 hours. Ripple is on the verge of another crash and might drop below $2 as investors flee from risk assets amid fears of President Trump’s tariffs and reduced odds that the Federal Reserve will trim interest rates.
On the one-day price chart, XRP had formed a rounding top pattern, which signals that the current trend might change to bearish. The height of this rounding top pattern indicates that Ripple could plunge by 17.45% from its current price level of $1.76.
Technical indicators support the bearish setup depicted by the rounding top pattern. The RSI is leaning towards being oversold and depicts bearish momentum while the ADX lime is also tipping north, another sign that the downtrend is strong.
As a recent Coingape article reported, if the XRP price drops below $1.90. It might crash to $1. Given that XRP has already dropped below the neckline of the rounding top, a crash is likely to happen in the near term.
XRP’s Liquidation Heatmap Supports Bearish Outlook
Besides the rounding top pattern, the liquidation heatmap supports the bearish outlook for XRP. Data from Coinglass shows that there is a hot liquidation zone at $2.05, where many long traders are at risk of being liquidated.
These liquidation zones tend to act as a magnet that pulls the price down. Moreover, the closure of long positions increases selling activity around an asset. This hints towards more bearish trends facing Ripple.
Frequently Asked Questions (FAQs)
According to crypto investor Pal, XRP can reach $3,000 if it repeats the 2017 cycle. However, this price target is unrealistic as it would need Ripple to add more than $173 trillion to its market cap.
Ripple has formed a rounding top pattern on the 1-day chart suggesting that the price might drop by 17% from the current price to $1.76.
XRP’s liquidation heatmap shows a strong magnet zone below the current price. XRP might drop to this level and trigger long liquidations that will push the price lower.
muthoni
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience dissecting blockchain trends, price movements, and market dynamics. With a sharp eye for technical analysis and an in-depth understanding of on-chain metrics, she delivers insightful, data-driven content that helps investors navigate the fast-paced world of digital assets.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link
Bitcoin price is at a pivotal level as ETF flows offloaded $93 million on Friday, ending a 10-day buying spree. While BTC holds key support at $82,000, BlackRock investors disposition may signal optimism.
Bitcoin ETFs End 10-day Buying Spree, But BlackRock Investors Hold
Bitcoin ETFs drew media attention on Friday as net outflows reached $93 million, marking the end of a 10-day buying spree that added over $1.07 billion in BTC.
FairSide data reveals that all of the outflows came from Fidelity’s FBTC, while BlackRock’s IBIT and eight other U.S.-approved spot ETFs recorded neutral flows, signaling diverging institutional investor sentiment.
Despite the selling pressure, BTC price showed resilience, bouncing from a 10-day low of $82,000 to reclaim the $84,000 level over the weekend.
This suggests that while some institutional players have turned cautious, BTC continues to find buyers at the $82,000 mark, likely driven by macroeconomic hedging.
Why Are Bitcoin ETFs Taking a Neutral Outlook Despite Bearish Market Sentiment?
While Bitcoin’s brief dip below $82,000 coincided with renewed regulatory uncertainty—following U.S. Congress’ scrutiny of Paul Atkins, Trump’s crypto-friendly SEC pick—the decision by major ETFs like BlackRock’s IBIT to hold rather than sell suggests a more calculated approach among institutional investors.
One possible explanation is that institutional investors are weighing broader macroeconomic risks. With concerns mounting over Trump’s proposed trade policies and their potential impact on traditional stock markets, Bitcoin remains an attractive hedge due to its independence from traditional financial structures. This could explain why ETF outflows have been concentrated in specific funds like FBTC rather than across the board.
- Large Un-realized Profits
Prior to the $93 million sell-off observed on Friday, Bitcoin ETFs had acquired over $1.07 billion in the previous 10-days. This sheer volume of Bitcoin accumulated by ETFs in recent weeks means that short-term supply is limited.
It also hints that majority on investors who began buying when BTC prices plunged below $77,000 over the past week are still in profit, hence the reluctance to sell.
This key dynamics may have contributed to Bitcoin price holding key support levels above $82,000. Notably, while BTC price rebounded, leading altcoins like Ethereum (ETH), Solana (SOL), and Ripple (XRP) have lagged behind, further reinforcing the narrative that institutional capital remains primarily focused on BTC.
What’s Next for Bitcoin ETFs and Institutional Demand?
The coming weeks will be crucial in determining whether Bitcoin ETFs resume their accumulation trend or if further outflows signal a shift in sentiment. Investors will closely watch developments in U.S. regulatory policy and broader market conditions to assess whether Bitcoin’s status as a safe-haven asset remains intact.
If the macroeconomic environment continues to favor Bitcoin as a non-correlated asset, ETF inflows could resume, pushing BTC to new highs. However, prolonged uncertainty or negative regulatory developments could trigger deeper corrections.
For now, BlackRock and other major institutional players appear to be maintaining their positions, indicating confidence in Bitcoin’s long-term trajectory.
Bitcoin Price Forecast: BTC Faces Critical Resistance at $84,400 Amid Bearish Pennant Formation
Bitcoin price forecast signals remains uncertain as BTC trades at $82,363, hovering near key support levels. The Bollinger Bands show tightening volatility, with resistance at $84,412 and $88,215. The Parabolic SAR at $80,237 suggests a continuation of the downtrend unless BTC breaks above the mid-range resistance.
A bearish pennant formation signals potential downside risk. If BTC fails to reclaim $84,400, selling pressure could drive the price towards $80,600 or even the lower Bollinger Band at $80,237. The volume delta reveals declining buying momentum, supporting the bearish case.
However, a bullish scenario emerges if BTC can hold above $82,000 and break past $84,400 with strong volume. This could lead to a rally toward $88,215, negating the bearish pennant. With key resistance intact, Bitcoin’s trajectory depends on its next move at this crucial level.
Frequently Asked Questions (FAQs)
Bitcoin price is declining due to ETF outflows, regulatory uncertainty, and shifting investor sentiment favoring safer assets like gold and cash.
Yes, if institutional demand returns, macroeconomic conditions improve, and key support levels hold, Bitcoin could regain bullish momentum.
Bitcoin ETFs drive large-scale buying and selling, influencing price volatility and overall market liquidity depending on institutional investor behavior.
ibrahim
Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link
Cryptocurrencies will likely be volatile this week once President Donald Trump’s reciprocal tariffs go into effect and the U.S. publishes nonfarm payroll data.
The week started on a dull note, with most coins remaining in a bear market. At last check, Bitcoin (BTC) had dropped to $82,432.00.
The crypto fear and greed index has slumped to the fear zone 25. Some of the top cryptocurrencies to watch this week are Solana, Polkadot, and Cronos.
Solana
Solana (SOL), the popular layer-1 network, will be in the spotlight this week since its price is hovering above the key support level at $119.5. As shown above, it has failed to drop below this level several times since April last year, a sign that bears have been afraid of shorting below it.
Therefore, a drop below $119.5 will confirm a bearish breakdown and point to further downside. Besides, the Solana price formed a death cross pattern on March 3 as the 50-day and 200-day moving averages crossed each other.
A drop below $119.6 indicates a further drop to $100.
Cronos
Cronos, formerly Crypto.com, will be one of the top cryptocurrencies to watch this week because of its strong performance last week. It jumped by 30% in the last seven days, and by 54% from its lowest point this year.
Cronos price has bounced back after Crypto.com partnered with Donald Trump’s Trump Media to launch ETFs. It also rose after the community voted to allow the creation of another 70 billion CRO tokens, which will be used to create a Strategic Crypto Reserve.
The community also voted to burn 50 million CRO tokens. The daily chart shows that the Cronos price rebounded after hitting the crucial support level at $0.0715, where it failed to drop below in August and November last year.
A breakout above this month’s high of $0.1197 will point to further gains, potentially to the 50% retracement level at $0.133.
Polkadot
Polkadot (DOT) will be a top crypto to watch because its price is at a crucial support level. DOT was trading at $4.08, a few points above the key support point at $3.60.
This support is crucial since it failed to drop below it several times since 2022.
Polkadot price has also formed a falling wedge pattern, with the two lines nearing their confluence level. This price action points toward a strong bullish breakout in most periods, which may happen this week. Such a move would see DOT price jump to $12.
Source link
Bitcoin price tumbled towards the $82,000 mark on Sunday, March 30. IntoTheBlock data shows DOGE, Chainlink, and AVAX exhibited high correlation to BTC price action in the last 30 days. Could these tokens be among the top cryptocurrencies to sell if BTC plunges below the $80,000 mark?
Bitcoin Price Tumbles Below $82,000 as Trump’s SEC Chair Nominee Faces Scrutiny
Bitcoin (BTC) market sell-off continued on Saturday, as it closed the week with three consecutive days in losses.
After a positive start to the week, Trump’s tariffs and controversy surrounding the approval of SEC-chair nominee Paul Atkins sent bearish tailwinds across Bitcoin markets over the last three days.
Last Thursday, members of the US Congress raised issues related to “conflict of interests” as Paul Atkins’ confirmation hearing began.
Concerns that a less crypto-friendly SEC chair could replace Atkins further accelerating sell-offs across the global cryptocurrency markets, as evidenced by the Bitcoin price 5.7% decline observed since Friday.
As seen above, BTC price plunged as low as $81,645 on Saturday, before bulls battled back to reclaim the $82,500 level at press time.
However, rising trading volume bars accompanying the downward price action over the last three days suggest bulls will require a strong catalyst to generate sufficient momentum for a major rebound.
Chainlink, DOGE, and Avalanche at Risk – Cryptocurrencies to Sell if BTC Drops Below $80,000
Bitcoin price plunged 5.73% lower than the weekly $87,500 local top recorded on Friday. As prices dropped toward $81,200 on Saturday, bulls stepped in to avert cascading leverage liquidations looming at the $80,000 psychological support level.
However, BTC traders were not the only ones relieved to see prices back above $82,500. According to on-chain data culled from IntoTheBlock, DOGE, Chainlink, and AVAX exhibited high correlation to BTC price action in the last 30 days.
This shows that these assets have often moved in the same direction as BTC.
The correlation matrix highlights a strong relationship between Bitcoin (BTC) and Chainlink (LINK), Dogecoin (DOGE), and Avalanche (AVAX) over the past 30 days. Specifically, LINK (0.93), DOGE (0.80), and AVAX (0.79) exhibit high positive correlations with BTC, meaning their price movements largely mirror Bitcoin’s trajectory.
If BTC plunges below $80,000, these altcoins could experience intensified sell-offs as traders attempt to hedge against further losses. Given their historically high correlation, a sustained BTC price downtrend could drag these cryptocurrencies to sell significantly lower, triggering margin calls and forced liquidations in leveraged positions.
Strategic traders may consider reducing exposure to these assets or implementing stop-loss orders if BTC continues struggling for traction.
If Bitcoin fails to reclaim key resistance levels, a broader market downturn could push these correlated altcoins into deeper losses, reinforcing a bearish outlook. For traders looking to manage risk, these could be among the top cryptocurrencies to sell in a volatile market.
Frequently Asked Questions (FAQs)
Bitcoin’s price is declining due to market sell-offs, rising liquidation risks, and uncertainty surrounding Trump’s SEC chair nominee, Paul Atkins.
These altcoins have a high correlation with Bitcoin, meaning they often move in the same direction, making them vulnerable when BTC tumbles
A break below $80,000 could trigger further sell-offs in correlated altcoins, leading to margin calls and increased liquidation risks.
ibrahim
Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link
Toncoin Takes A Hit With 12% Correction After Failing To Break $4.34, More Pain?
Bitcoin sentiment falls to 2023 low, but ‘risk on’ environment may emerge to spark BTC price rally
Crypto Trader Says Dogecoin Is at a Critical ‘Make-or-Break’ Level, Updates Outlook on Solana and Avalanche
Bitcoin Covenants: CHECKSIGFROMSTACK (BIP 348)
Illinois State Senator’s Bill Seeks to Claw Back $163 Million Lost to Crypto Fraud
Here’s why Bitcoin, altcoins, and the stock market continued falling on Friday
Bitcoin Falls Back to $83K, XRP, SOL, DOGE Surrender Gains as China Announces 34% Tariffs on All U.S. Goods
BTC Holds $84K, ATOM & FIL Become Top Gainers
Analysts Eye 20% Breakout If This Level Is Reclaimed
AI and blockchain — A match made in heaven
‘We’re Still in Danger Territory’: Crypto Analyst Unveils Bearish Setup for Bitcoin – Here Are His Targets
Bitcoin Startups Raised Nearly $1.2 Billion
Illinois to End Lawsuit Against Coinbase Over Staking Program: Report
Justin Sun takes legal action against FDUSD issuer
Not a Meme! DePIN Can Take Crypto Mainstream
24/7 Cryptocurrency News5 months agoArthur Hayes, Murad’s Prediction For Meme Coins, AI & DeFi Coins For 2025
Bitcoin3 months agoExpert Sees Bitcoin Dipping To $50K While Bullish Signs Persist
24/7 Cryptocurrency News3 months agoAptos Leverages Chainlink To Enhance Scalability and Data Access
Bitcoin5 months agoBitcoin Could Rally to $80,000 on the Eve of US Elections
Altcoins2 months agoSonic Now ‘Golden Standard’ of Layer-2s After Scaling Transactions to 16,000+ per Second, Says Andre Cronje
Bitcoin5 months agoInstitutional Investors Go All In on Crypto as 57% Plan to Boost Allocations as Bull Run Heats Up, Sygnum Survey Reveals
Opinion5 months agoCrypto’s Big Trump Gamble Is Risky
Price analysis5 months agoRipple-SEC Case Ends, But These 3 Rivals Could Jump 500x
✓ Share: