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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP rallies as Trump announces ‘Crypto Strategic Reserve’

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Source: DepositPhotos

Bitcoin price hovers around $93,000 on Monday after rallying 9.53% the previous day.

Ethereum price found support around the $2,125 level; a recovery on the cards.

XRP closes above its daily resistance of $2.79, hinting at further recovery.

Bitcoin (BTC) price hovers around $93,000 on Monday after rallying 9.53% the previous day. Ethereum (ETH) and Ripple (XRP) prices followed BTC’s footsteps and rallied nearly 14% and 35% on Sunday. This spike in prices was triggered by Donald Trump’s announcement on his Truth Social platform of a US ‘Crypto Strategic Reserve’, including Bitcoin (BTC), ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA), aiming to boost America’s crypto

leadership.

Bitcoin bulls recover from their recent downfall

Bitcoin price declined from Monday’s high of $96,500 to Friday’s low of $78,258 last week. However, it recovered 11.50% during the weekend, closing above $94,270 on Sunday. At the time of writing on Monday, it hovers around $93,000.

If BTC continues its recovery, it could extend the rally to retest its next resistance level at $100,000.

The Relative Strength Index (RSI) on the daily chart reads 48 after bouncing off its oversold levels last week, indicating mild signs of strength. For the bullish momentum to be sustained, the RSI must trade above its neutral level of 50.

BTC/USDT daily chart

However, if BTC declines and closes below the $90,000 support level, it could extend its decline to retest its $85,000 daily support.

Ethereum is poised for recovery following the close above $2,359

Ethereum price found support around its $2,125 level on Saturday and rose 13.56%, closing above its daily resistance of $2,359 the next day. At the time of writing on Monday, it trades around $2,400.

If ETH continues its recovery, it could extend the rally to retest its next resistance level at $3,000.

The RSI on the daily chart reads 42 after bouncing off its oversold levels last week, indicating mild signs of strength. For the bullish momentum to be sustained, the RSI must trade above its neutral level of 50.

ETH/USDT daily chart

On the other hand, if ETH declines and closes below $2,125, it could extend the decline to retest its weekly support level of $1,905.

Ripple bulls could target the $3.40 level

Ripple price found support around its daily level of $1.96 on Friday and rallied 37% in the next two days, closing above its daily resistance at $2.79. At the time of writing on Monday, it trades around $2.79.

If the daily level at $2.79 holds as support, XRP will extend the rally and retest its January 16 high of $3.40.

The RSI on the daily chart reads 57 above its neutral level of 50, indicating strong bullish momentum.

XRP/USDT daily chart

However, if XRP fails to find support around $2.79, it could extend the decline to retest its next support level at $1.96.

* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.

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Ethereum Price Stays Resilient — Upside Break May Be Ahead Ethereum price started a downside correction below the $1,780 level. ETH is now consolidating near the $1,800 zone and might aim for a move above $1,820.

Author NewsBTC

1 hour ago

Ethereum price started a downside correction below the $1,780 level. ETH is now consolidating near the $1,800 zone and might aim for a move above $1,820.

Bitcoin Battles Key Resistance Level – Is A Breakdown Imminent?In a recent CryptoQuant Quicktake post, on-chain analyst BorisVest noted that BTC has entered a stagnation phase as short-term holders have begun realizing profits. The contributor warned that if this ongoing profit-taking is not fully absorbed, it could trigger a fresh wave of selling.

Author NewsBTC

1 hour ago

In a recent CryptoQuant Quicktake post, on-chain analyst BorisVest noted that BTC has entered a stagnation phase as short-term holders have begun realizing profits. The contributor warned that if this ongoing profit-taking is not fully absorbed, it could trigger a fresh wave of selling.

Mastercard will now let merchants receive payments in stablecoin Mastercard will let businesses settle sales and receive payments in stablecoins such as Circle’s USDC, extending its card network deeper into crypto as governments move closer to clear rules for the sector. The company said today it will offer merchants the choice to accept stablecoin payments.

Author Cryptopolitan

2 hours ago

Mastercard will let businesses settle sales and receive payments in stablecoins such as Circle’s USDC, extending its card network deeper into crypto as governments move closer to clear rules for the sector. The company said today it will offer merchants the choice to accept stablecoin payments.

3 Top Bitcoin ETFs to Buy and Hold Forever In the current market uncertainty, cryptocurrencies like Bitcoin have received much more attention as the US Dollar weakens and investors look to assets that can’t be controlled by any government.

Author TradingKey

3 hours ago

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Elon Musk gets exposed for using DOGE to cheat his way into billions of dollars Elon Musk could dodge over $2 billion in financial penalties by pulling federal government strings using DOGE, according to a Monday report from Senate Democratic committee staffers. The report claims Elon used his heavy influence to kill investigations, dodge enforcement, and wipe away lawsuits tied to his businesses.

Author Cryptopolitan

3 hours ago

Elon Musk could dodge over $2 billion in financial penalties by pulling federal government strings using DOGE, according to a Monday report from Senate Democratic committee staffers. The report claims Elon used his heavy influence to kill investigations, dodge enforcement, and wipe away lawsuits tied to his businesses.

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