XRP Eyes All-Time Highs Amid DXY Weakness While Bitcoin Navigates Crucial Resistance Levels
XRP Eyes All-Time Highs Amid DXY Weakness While Bitcoin Navigates Crucial Resistance Levels
The cryptocurrency market is buzzing with significant developments across major assets. XRP is exhibiting strong bullish signals, with analysts highlighting a compelling macro setup involving an inverse relationship with the US Dollar Index (DXY). This pattern suggests XRP could soon target a new all-time high above $3.65, potentially within months, if DXY weakness persists.
Meanwhile, Bitcoin is navigating a crucial period, currently trading around $90,000 in a range-bound mode. Analysts are closely monitoring key resistance levels, particularly $94,100, and a significant on-chain resistance near $99,000, which represents the average cost basis for newer whale investors. While short-term volatility and potential profit-taking from these entrants are anticipated, the broader outlook for Bitcoin remains structurally bullish, underpinned by long-term holders and miners who are significantly in profit and show no signs of capitulation.
XRP Positioned for All-Time Highs on DXY Weakness
XRP has recently re-established itself above the $2 level, following an early January surge that briefly pushed its price to $2.40. Despite a subsequent pullback, the price action remains controlled, holding above previous resistance which has now converted into short-term support. Crypto analyst Bird highlights a compelling macro setup that historically precedes XRP's most significant rallies: an inverse relationship with the US Dollar Index (DXY). This analysis, based on patterns observed in 2017, 2021, and 2024, shows that sustained dollar weakness consistently correlates with aggressive upward movements for XRP.
The current market conditions reflect a similar structural zone for DXY, which is now trending downwards. If DXY continues to weaken and print red candles, the macro backdrop would become highly supportive for another strong XRP leg higher, potentially leading to a new all-time high above $3.65 within the next few months. Conversely, a strengthening DXY could cap XRP's price action in consolidation around $2.
Bitcoin Navigates Crucial Resistance and Whale Dynamics
Bitcoin (BTC) enters the weekend in a relatively quiet, range-bound state, with solid support identified around $88,200 to $90,500. While the market anticipates slower moves during the weekend, the coming week is poised to be a significant test, with key resistance levels from $94,100 to $107,500 in focus. A daily close above $94,130 would signal a resumption of bullish momentum, potentially opening the path towards the $98,200–$107,500 range, with $107,500 being critical for confirming a higher high.
On-chain analysis further illuminates Bitcoin's price trajectory, with analyst Axel Adler Jr pointing to a critical resistance level near $99,000. This figure represents the average acquisition cost for 'new whales' (short-term holders), who are currently holding at unrealized losses. Should BTC ascend towards $99,000, these investors might be incentivized to sell at break-even or minimal loss, thus creating significant selling pressure and acting as a major resistance point. However, the broader market structure for Bitcoin appears robust.
In contrast to new whales, long-term holders and miners exhibit a strong position. Average holding costs for Binance users are around $52,691, while miner whales, holding over 1,000 BTC, have an average cost of $58,681. Long-term holder whales are even more comfortably positioned with an average acquisition cost of $39,681. These figures indicate that the vast majority of established Bitcoin investors are in deep profit, suggesting minimal selling pressure from these factions. Any potential short-term retracements are likely to be driven by light profit-taking rather than capitulation, reinforcing Bitcoin's fundamentally bullish outlook despite immediate resistance challenges.