Today marks a significant day for cryptocurrency enthusiasts, as weaknesses in altcoins persist from mid-December onward. Following Trump’s announcement of new tariffs, potential surprises in Producer Price Index (PPI) data, as warned by Powell, may further increase market fluctuations. This raises the question: what are the current predictions for XRP Coin and other altcoins?
**Insights on XRP Coin**
Among the largest altcoins by market capitalization, XRP Coin has seen notable gains with Trump’s victory. While it remains stable, its position is better compared to many other altcoins, which have suffered losses of up to 70% in the past 60 days.
Today, Lark Davis highlights the technical setup of XRP Coin’s chart and shares his predictions.
“XRP is currently trading within a massive flag formation. The lower part of the flag has held nicely as support throughout last week. The price is currently trapped between the upper 21 and 50-day EMAs (around $2.60) and the lower flag support (around $2.32). Both the RSI and MACD are weak but could spike suddenly.”
In an optimistic scenario, XRP Coin may begin closing above $3.20 again.
**Bitcoin and Other Altcoins**
Today, uncertainty continues for cryptocurrency investors. Daan Crypto Trades shared a liquidity chart, mentioning the accumulation of liquidity at high levels.
“Most of the liquidity below has been taken at lower timeframes. Following the lower peaks seen in recent weeks, there’s a considerable amount of unused liquidity waiting at higher levels.”
“If BTC can reverse this local downtrend, these unused liquidations could fuel a higher move. With < $90K being a danger zone, I anticipate many longs will be taken in this area.”
Poppe remains confident that better times are ahead. He shares a chart of W Coin, focusing on bullish divergence and a potential breakdown of a falling wedge.
“Good things are ahead, even if today may not feel that way.”