Weekly Crypto Price Prediction: Bitcoin, Ethereum, and XRP as Market Momentum Builds

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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Weekly Crypto Price Prediction: Bitcoin, Ethereum, and XRP as Market Momentum Builds

Highlights

  • Bitcoin, Ethereum, and XRP as Market Momentum Builds
  • BTC price targets $93K after wedge breakout and volume surge.
  • Ethereum eyes $3,200 despite heavy ETF outflows last week.

As Christmas week begins, the crypto market shows early signs of recovery. Over the past 24 hours, global market capitalization rose by 0.85%, climbing above $3.01 trillion. 

Bitcoin price is hovering over $89,000, Ethereum is over $3,000, and XRP is almost close to $1.90, indicating that there is a resurgence of investor interest in the major cryptocurrency market.

Bitcoin Price Eyes $91K–$93K After Breaking Out of Falling Wedge

Bitcoin price traded near $89,094 on Monday as it broke out of a falling wedge formation, signaling a potential bullish trend. The asset has increased by 1.12 over the last 24 hours, and daily trading volume increased by 86, reaching 26.48 billion.

According to analyst Ali, Bitcoin is testing the mid-range around $89,000. Any successful breakout beyond this point may drive the price to the range of $91,000 to $93,500. Nevertheless, the inability to hold can push the asset to the level of $84,600.

ETH Price Eyes $3,200 as ETF Outflows Near $644 Million

Ethereum price surged to $3,032 after rising 2.32% in the past 24 hours. The recent rally came after a 6% recovery of a descending trendline support. Should Ethereum break above $3,100, analysts believe that there may be a potential push up to the $3,200 -$3,500 resistance zone.

The net outflow of Ethereum spot ETFs ranged between $643.9 million in the period between December 15 and 19, with all nine Ethereum ETFs registering no inflows. Bitcoin ETFs, on the other hand, recorded a net outflow of $497 million. 

Otherwise, XRP and Solana were strong, and XRP spot ETFs recorded a total of $82.04 million in inflows, and SOL ETFs recorded a total of $66.55 million.

Breaking out above $3,200 would be a confirmed breakout and would be a positive indicator of further bullishness. Ether, Bitcoin, and XRP are under the scrutiny of the investors, with the ETF flows shaping market sentiment this week.

XRP Price Eyes Breakout as Bulls Target $2.25 Zone

The price of XRP is nearing the top of its downward channel, indicating possible breakout conditions. The recent recovery wave has, however, lost strength, and the price moves are compressing around the $2 resistance. This indicates that it could be a corrective move instead of an impulsive one.

XRP price was trading at around $1.91, but is still struggling to find acceptance at major overhead levels. 

In case the bullish pressure spreads, XRP may soon climb to the $2.0- $2.25 zone in the short term. A breakout at or above $2 is still essential to continuing upside.

Weekly Crypto Price Prediction: Bitcoin, Ethereum, and XRP as Market Momentum Builds
Source by Tradingview

What’s Next For Bitcoin, Ethereum, and XRP?

Bitcoin, Ethereum, and XRP are some of the critical technical levels this week. Further, ETF-based flows and breakout confirmations might influence the direction of the price in the near future. The next sessions will be watched by traders as BTC, ETH, and XRP are under $93K, $3,200, and $2.25, respectively.

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Frequently Asked Questions (FAQs)

1. What is the outlook for Ethereum price this week?

If Ethereum closes above $3,100, a move toward $3,200–$3,500 is expected in the short term.

2. What are the recent ETF flows for Ethereum?

Between December 15 and 19, Ethereum spot ETFs recorded $643.9 million in outflows, with no inflows across all nine products.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

BTC

Bitcoin

$89,870.5802 1.4% (24h)

24 Hours volume

$25.2B

Market Cap

$1.79T

Max Supply

21M

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About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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