- Bitcoin (BTC), XRP, and Binance Coin (BNB) have been predicted to lead the broad market rally this week as momentum continues to gain ground.
- Bitcoin has been predicted to commence its journey towards $250k, while XRP advances towards breaching its all-time high price of $3.45.
The crypto market is slowly building momentum as the Fear and Greed Index reaches the “Greed” territory while the Altcoin Index reaches 34/100. According to our market data, the valuation of the total market has equally made an impressive surge to $3.37 trillion, as most of the altcoins target their yearly highs. With a bullish extension expected this week, analysts have compiled a list of cryptos that could dominate the top gainers list.
Bitcoin (BTC) Price Analysis
Bitcoin recently broke a key resistance level to hit $105k from its monthly low of $83k. However, the asset later declined by 0.85% on its daily chart, finding support at the $103.8k level. Fascinatingly, its weekly and monthly returns are still positive with 10% and 24% gains, respectively.
According to CNBC analyst Tom Lee, Bitcoin could sustain its bullish momentum to hit $250k. As indicated in our recent blog post, Matthew Sigel of VanEck has also predicted that the asset could hit $180k this year. Most importantly, a big move could be witnessed this week as its Relative Strength Index (RSI) is currently approaching the overbought territory.
XRP Price Analysis
XRP has currently printed positive returns on all the trading sessions, rising by 6.7% in the last 24 hours, 18% in the last seven days, 22% in the last 30 days, and 2% in the last 90 days. At the time of writing, the asset was trading at $2.5 with a 23% increase in trading volume.
Meanwhile, an analyst identified as Egrag Crypto has predicted that XRP could hit $17 this cycle. For this to happen, the asset would first have to secure the $3.5 zone and make a subsequent move to breach the $5 resistance level. As explained in our last analysis, Egrag Crypto has also highlighted in a different post that XRP could stage an explosive run to hit $120 in the next three years.
BNB Price Analysis
Binance Coin (BNB) is the last coin on our list that could print significant gains this week. According to our market data, this asset has already surged by 4% in the last 24 hours and 15% in the last seven days. The asset has also made a huge step from its monthly low of $576 to $688. Fascinatingly, analysts believe that this is just the beginning of the upcoming rally.
As highlighted in our recent blog post, Standard Chartered has predicted that the price of BNB could more than double this year. According to the Bank, this run could be triggered by the recently filed BNB ETF by VanEck. Meanwhile, Binance has also unveiled a detailed roadmap for 2025, suggesting their commitment to integrating Artificial Intelligence (AI) for smart contract automation, which could subsequently reflect in its price.
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