Today is a crucial day for crypto investors, as market weakness continues from mid-December. With Trump set to announce new tariffs, and PPI data possibly delivering surprises following Powell’s warning, increased market volatility is expected. So, what are the latest predictions for XRP and other altcoins?
XRP Price Analysis by Lark Davis
As one of the largest altcoins by market cap, XRP saw notable gains following Trump’s victory. While currently stable, it remains in a stronger position than many other cryptocurrencies, some of which have lost up to 70% in the last 60 days.
Lark Davis recently analyzed XRP’s price chart and pointed out a significant technical setup:
“XRP is currently trading within a massive flag formation. The lower boundary has held well as support over the past week. Right now, the price is squeezed between the 21 and 50-day EMA levels (around $2.60) and the lower flag support (around $2.32). Both RSI and MACD appear weak, but they could turn bullish at any moment.”
If a positive breakout occurs, XRP could once again close above $3.20, signaling further gains.
Bitcoin and Altcoin Market Sentiment
Investor uncertainty remains high, with market analysts tracking liquidity accumulation. Daan Crypto Trades shared a liquidity chart, noting that substantial liquidity has been building at higher levels:
“Most of the liquidity below has been absorbed in lower time frames. After weeks of lower highs, a large amount of unused liquidity is waiting at higher levels. If BTC can reverse this local downtrend, this liquidity could fuel a higher move. The sub-$90K region is a key risk area where many long-term positions could be absorbed.”
Meanwhile, analyst Poppe remains optimistic about the upcoming period. He shared a W Coin chart, emphasizing bullish divergence and a potential falling wedge breakout:
“Good things are ahead. It may not feel like it today, but they’re coming.”
As Dey There continues to monitor market movements, traders are watching key levels for signs of recovery.
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