- XRP Surges over 30%, breaking $3 for the first time in six years, with whale accumulation driving momentum toward a potential $3.80 target.
- BTC, SOL & AVAX Decline, showing bearish trends as investors shift focus to altcoins like XRP, which leads with a strong bullish breakout.
- SUI Holds Steady, gaining 1.47%, contrasting with market volatility. XRP’s breakout suggests further gains if $3 support holds firm.
XRP has surged past $3 for the first time in six years, rising over 30% this week to $3.11 at the time of publication. On January 16, XRP broke out of its symmetrical triangle structure, eyeing a potential rise to $3.80 by month end. Analyst Ali notes this bullish breakout, noting high whale accumulation, with over 1.10 billion XRP purchased recently.
XRP Leads with a Bullish Breakout
XRP’s performance stands out in the market. After breaching the psychological barrier of $3, XRP reached a high of $3.11 before stabilizing around $3.09. This rally is a substantial 30.15% increase, indicating strong bullish momentum.
The trading volume of 77.86 million further shows the increased market activity and interest. Technical indicators show XRP’s bullish momentum, with its RSI at 71.37, indicating overbought levels.
Despite this, the ongoing momentum suggests sustained buying interest. The MACD shows a bullish crossover, supporting the strength of the upward trend. These factors highlight XRP’s strong position in the market in 2025.
Mixed Performances Among BTC, SOL, and AVAX
In contrast, BTC is in a bearish phase, down by 3.10% in the last 4 hours. BTC is consolidating, with a potential loss of dominance as investors shift focus to altcoins. The RSI and MACD show weaker momentum, aligning with its current downward trend.
Solana and AVAX also face challenges, with SOL declining by 4.29% and AVAX by 10.38% in the last 4 hours. These drops suggest profit taking or reduced investor sentiment. SOL’s and AVAX’s subdued MACD show their bearish outlooks. Both tokens need to reclaim key levels, with SOL eyeing new highs and AVAX aiming to stabilize above $12.
SUI Shows Stability Amid Market Volatility
Amid these fluctuations, SUI shows relative stability, with a gain of 1.47%. This performance indicates renewed investor interest. SUI’s RSI and MACD trends show a flat to slightly upward move, contrasting with the declines seen in BTC, SOL, and AVAX.
If XRP maintains its position above $3, it could open ways to further gains. The broader market remains mixed, with BTC, SOL, and AVAX needing stronger push to regain momentum, while SUI’s resilience offers a stable alternative for cautious investors.
