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Reading: Bitcoin Prices Plunge: What Lies Ahead for XRP and PEPE Coins?
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COINTURK NEWS > Technical Analysis > Bitcoin Prices Plunge: What Lies Ahead for XRP and PEPE Coins?
Technical Analysis

Bitcoin Prices Plunge: What Lies Ahead for XRP and PEPE Coins?

In Brief

  • Bitcoin experiences a significant drop following a previous rise.

  • Ripple's future hinges on upcoming SEC decisions and market reactions.

  • PEPE Coin faces downward pressure amidst overall market weakness.

İlayda Peker
İlayda Peker 1 year ago
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Bitcoin (BTC) $77,420 prices have taken a sharp downturn following an anticipated surge, leaving cryptocurrency enthusiasts disheartened. January has proven to be a challenging month for traders, as the investor psyche, worn down since 2021, yearns for a genuine rally. This raises the question: what is the current status of PEPE and XRP Coins?

Contents
What Will XRP Coin Be Worth?PEPE Coin Insights

What Will XRP Coin Be Worth?

As one of the largest cryptocurrencies by market capitalization, Ripple $1 was experiencing a favorable upward trend. The successful launch of RLUSD significantly boosted trading volumes. Furthermore, had it not been for today’s decline, we might have seen the price supported further by news of a partnership with Chainlink $9.

With just days left until January 15, uncertainty looms over whether Ripple will submit necessary documents to continue the lawsuit before a potential change in SEC leadership. It is likely that Gensler will seek to keep the process ongoing, which could lead to further declines.

PEPE Coin Insights

One day, we might witness ETH reaching new all-time highs alongside PEPE, one of the largest meme coins, achieving its historical peaks. Unfortunately, that day is not today, as PEPE Coin has fallen approximately 15% from its recent high just three days ago.

If the downturn continues, PEPE may test the $0.00001741 level, with further potential support at $0.00001222. Considering the anticipated negative sentiment from the forthcoming Fed minutes, unless significant changes occur in the next hours, the weakness may persist. Bitcoin has slightly recovered to $97,400, but its daily peak was $102,724, marking a tough day for altcoins.

You can follow our news on Telegram, Facebook & Coinmarketcap & X
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 7 January, 2025 - 10:15 pm 7 January, 2025 - 10:15 pm
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