Unprecedented Volatility: Bitcoin, Ethereum And Ripple Under Pressure With Trump Entering The Scene

This day marks a historic turning point for cryptocurrencies: a president who is openly pro-crypto takes up residence in the White House. A new era seems to be opening for Bitcoin, Ethereum, and other altcoins, which could see their institutional adoption accelerate. While Bitcoin consolidates its crucial threshold at $100,000, altcoins like Ethereum and Ripple are attempting strategic rebounds to capture investors’ attention.

Bitcoin defends the 100K to aim higher

Bitcoin (BTC) started the week on a financial rollercoaster. After a jump of 10.6% to reach $106,000, the BTC price retreated to $100,000, a vital threshold. According to CoinGape Markets, the recent breakout of the descending triangle, combined with robust Ichimoku support, signals ” a coming bullish rally “.

Last week, on Monday, #Bitcoin took the liquidity and was at $88K.

Now, #Bitcoin is at $108K and a new ATH is printed.

What's next?

No clue. However, if Bitcoin stays above $100K, we'll likely continue trending upwards.

Dollar -> weaker, Yields -> lower = altcoins are up. pic.twitter.com/ljb41QksHf

— Michaël van de Poppe (@CryptoMichNL) January 20, 2025

Michaël van de Poppe, for his part, remains cautious:

” If Bitcoin stays above 100K, we will probably continue the bullish trend. “

The technical indicators are giving encouraging signals:

• RSI at 57, in bullish territory.
• MACD in a bullish crossover, confirming positive momentum.
• Immediate support at $100,000 and key resistance at $108,000, new ATH at $109,063 this morning.

But caution: in case of a break below $100,000, the next stop could be at $90,000. A heightened volatility is thus to be expected in the coming days.

Ryan Lee, Chief Analyst at Bitget Research, adds :

“Bitcoin is testing support at $98,000 and $95,000, with resistance at $105,000 and $110,000. A recent 3% dip and concerns over potential global interest rate hikes have created short-term bearish sentiment.“

Ripple and Ethereum in search of resilience

While Bitcoin dominates, Ethereum (ETH) and Ripple (XRP) are playing for their survival on critical supports. Ethereum, at $3,125, is testing its 200-day EMA. If this level holds, a rise towards $3,730 is conceivable.

But beware of $3,000, a psychological barrier. The RSI in the weak zone (46) could quickly bounce back if the MACD confirms its imminent buy signal.

On the Ripple side, the current XRP price of $3.13 shows signs of strength. With a solid RSI at 65 and a broken symmetrical triangle, this crypto could aim for $3.63.

However, a drop below $1.96 would put XRP to the test, targeting $1.40.

The key figures illustrate the vibrancy of altcoins:

• XRP: +30.48% in one week, despite a drop of 10% on Sunday;
• ETH: +4.8% after testing $3,125;
• Bitcoin: $88K to $109K in less than seven days.

Thus, the outlook remains optimistic for cryptos. Ethereum could approach $4,000, driven by the growing interest from institutions, while Ripple shows sustained momentum. Bitcoin, for its part, remains the compass needle of crypto.