With only hours left until Thursday, cryptocurrency traders eagerly await the upcoming employment data and NVIDIA’s earnings report. Despite some short-term recovery following an oversell, Bitcoin’s future trajectory remains uncertain. The anticipated Supreme Court decision on tariffs continues to cause concern. What does Alex expect for XRP and SOL Coins?
Alex Krüger’s Market Insights
Economist Alex Krüger recently assessed the latest market conditions following a dip. He attributes Bitcoin’s fall to its inability to sustain its resistance, highlighting the persistent selling by long-term investors. October saw an escalation in sell-offs following a historic $19.6 billion liquidation on the 10th, which has persisted into the new month.
November began with debates about an artificial intelligence bubble. The delayed effect of government shutdowns stumbling due to ineffective data could prompt the Fed to make a second hasty decision in December, highlighting risk reduction as the best strategy. While not surprising, the decline was exhausting due to its gradual nature.
Alex disclosed that he closed his short positions at the bottom.
“Last night, upon entering the 89,000 level for the third time (from the bottom up for the second panel), spot sales finally transitioned to spot purchases. Remember, this is a retrospective view and may change, especially given the dramatic weakness in stocks. I wouldn’t use this for leveraged longs. I used it to close short positions last night.”
He anticipated a reversal but remained cautious of a larger rally, advocating for risk aversion. There’s also a noteworthy development today: Trump met with potential Fed chair candidates, possibly replacing Powell by year-end. Waller is emerging as a favorite, known for his favorable stance on cryptocurrencies and support for Trump’s aggressive rate cuts.
Prospects for XRP and SOL Coins
The launch of new XRP and SOL ETFs introduced some positive news but failed to counter the general market sentiment. XRP has shown some strength, though its continuation to lower lows was concerning. Should Bitcoin 
$77,710 successfully rebound to $98,000, XRP might reach peaks between $2.4 and $2.5.
In comparison, SOL Coin faces greater challenges. The drop in its price was steeper, yet it showed a larger rise in daily candles. As the third most funded altcoin via institutional investment products in 2025, a bounce-back might see SOL performing better. Regaining $155 would be significant.
However, it’s crucial to remember that Bitcoin’s status will ultimately dictate the charts.
