Having recovered from its decline to $92,000 on December 31, Bitcoin XRP Solana is trading above $96,000 again. Altcoins and the cryptocurrency market have started to recover from a recent downturn, and investors are eagerly anticipating 2025 as they await pro-crypto legislation and policy in the United States.
Bullish Surge in Bitcoin, XRP, Solana
Most traders look at open interest as a sign of demand for a crypto asset. Sentiment data shows that after the low on December 31, there has been a spike in OI in Bitcoin XRP Solana. The heightened interest of derivatives traders in the three coins within the first three days of January has bolstered a bullish thesis.
The societal domination of Solana is on the rise. A growing number of people are talking about the coin on social networking sites like X, and the amount of SOL exchanged on exchanges is increasing daily. Traders appear optimistic, as shown in the sentiment chart below, since the funding rate averaged across derivatives exchanges has been positive for the last five days.
The number of large-volume transactions involving XRP, priced at $100,000 and $1,000,000, has decreased after December 31. The loss of interest from whales, or large-scale token holders, is usually seen as a negative indicator; nevertheless, this could stop the profit-taking trend in XRP.
Profit-Taking Slows in XRP Bitcoin
The net profit or loss that all traders who transferred tokens on a specific day realized is measured by the network realized profit/loss indicator. Since the first week of November, the NPL measure has consistently shown profit-taking. The nearly two-month streak may end when whales decrease their engagement in XRP and slow down.
Throughout the final ten days of December and the initial three days of January 2025, Bitcoin’s financing rate has been positive. Similar to XRP, whale trades have taken a hit as derivatives traders maintain an optimistic perspective, which could reduce profit-taking operations.
MicroStrategy Shares Fall as Bitcoin Stalls
One of the biggest public Bitcoin holders, MicroStrategy, has seen its share price drop 44% from its all-time high. Many corporations have begun to use Bitcoin as a small-scale treasury asset, following in the footsteps of Michael Saylor’s business intelligence organization. But the interest this story sparked is starting to fade.
The holiday, along with changes in the US macroeconomic climate, lower trade volumes, and the introduction of stablecoins, have all contributed to a decline in the price of bitcoin. The token’s stability over $96,000 is uncertain, as is the time it will take for Bitcoin to retest the $100,000 mark and set a new all-time high above $108,000.
XRP Rises as Solana Hype Fades
The meme coin narrative around Solana, which first boosted its value and positioned it to challenge Ethereum, the leading altcoin, is gradually losing momentum. There has been less on-chain activity on the Solana chain due to fewer airdrops and less network activity.
Traders hope that this could be improved and that the years-long legal battle that dragged down XRP between 2020 and 2024 could finally end with the Securities & Exchange Commission’s appeal in the Ripple lawsuit. This is because the wave of crypto regulation and policy in the US is expected to shift.
Due to the high level of anticipation, significant wallet investors have increased their XRP holdings by 350 million tokens in just three days of January, bringing their total holdings to between 100 million and 1 billion tokens. The data from Santiment demonstrates the accumulation, lending credence to the altcoin’s bullish argument.
Bitcoin Targets $100K XRP Hits Resistance
This week’s Bitcoin XRP Solana chart clearly illustrates that BTC is trending upwards. Technical indicators back increases in Bitcoin. The RSI is reading 66 and is rising upwards, and green histogram bars above the neutral line indicate that the Bitcoin price trend is underlyingly positive. Moving average convergence divergence further supports this idea.
In the event of a correction in the largest cryptocurrency, Bitcoin might find support in the fair value difference that extends from $81,500 to $89,376. According to the weekly price chart, if the recent uptrend in the BTC/USDT price continues, the token might hit the $100,000 mark and reclaim its all-time high.
Nearly 20% of the way to XRP’s 2024 high of $2.9092 has passed. The weekly price trend of XRP/USDT shows that the altcoin encounters resistance at the high of $2.6076, which it reached on December 9th. If the price of XRP was correct, the imbalance zone between $1.63 and $2.17 could provide support.
Pump Fun Dumps SOL Pressuring Price
Lookonchain’s on-chain analysis shows that the Solana launchpad Pump.f un is still selling off its SOL tokens. Kraken received 292,437 SOL (worth approximately $55 million) from the launchpad wallet on January 3, and the wallet sold nearly $42 million worth of SOL tokens. The wallet associated with the launchpad sent 63,171 SOL (about $13 million) to Kraken on Friday.
If the launchpad doesn’t stop its streak soon, selling pressure on the altcoin could escalate because of Pump—fun’s SOL token dump. Investors may predict a potential SOL price decline by monitoring whale activity and the availability of Solana on exchanges.
FAQs
Why is XRP showing bullish signs?
XRP has seen increased whale accumulation, and there's optimism around the resolution of its legal battle, which could positively impact its price.
What is happening with Solana's price?
Solana's price is under pressure due to ongoing token dumps by the Pump.fun launchpad, potentially leading to further declines unless selling activity slows down.
How are whales impacting the market?
Whale activity is crucial in shaping market sentiment. For example, a reduction in whale engagement in XRP and Bitcoin has slowed profit-taking, while large wallet investments in XRP contribute to its bullish outlook.
What can affect Bitcoin's price stability?
Bitcoin's stability around $96,000 is uncertain, with key support levels ranging between $81,500 and $89,376. A possible retest of $100,000 or a new all-time high is being closely watched.
