Daily Crypto Signals: Bitcoin Steady Above $96K, XRP Eyes $5 Target

With Bitcoin trading above $96,000 and the total crypto market cap topping $3.3 trillion, the market for cryptocurrencies has demonstrated amazing strength in early 2025.

Bitcoin (BTC) price action has shown little change over the past 24 hours, remaining above the $96,000 level as the market begins a new week with bullish momentum. XRP, on the other hand, has seen a strong 6.2% rise, approaching the $2.7 price level.

With BTC trading at around $96,800, the world’s largest cryptocurrency has shown remarkable resilience in 2025, maintaining a market value above $3.5 trillion. Outgoing SEC Chair Gary Gensler’s remarks downplaying the impact of cryptocurrencies on the 2024 election have sparked optimism in the market.

Institutions continue to drive the market’s bullish trend, with JPMorgan estimating billions in new investments for upcoming Solana and XRP ETFs. Moreover, as President-elect Donald Trump prepares to take office, the market anticipates his crypto-friendly policies and possible executive orders.

With Trump’s inauguration set for January 20, the market expects significant shifts in digital asset regulation.

Institutions are also showing no signs of slowing down their crypto purchases. Semler Scientific has recently purchased 237 BTC for $23.3 million, while MicroStrategy has added 2,530 BTC to its holdings at an average price of $96,000, totaling $243 million.

Bitcoin’s price has recovered from a brief dip below $89,000 and now trades in the green, displaying great resilience. Spot Bitcoin ETFs have seen incredible success in 2024, with total assets under management (AUM) rising from $27 billion to a high of $109 billion.

The planned BITCOIN Act, which could lead to the US government acquiring one million BTC for a strategic reserve, may further drive up the asset’s price in the future.

However, despite the bullish market conditions, technical analysts observe Bitcoin’s relatively low volatility compared to past norms, suggesting the possibility of further upward movement in 2025.

After a 65% surge in 2024, Ethereum (ETH) has shown more subdued expansion. The world’s second-largest cryptocurrency trades around $3,220, facing stiffer competition from other smart contract platforms.

Despite Dencun upgrades that have improved technology, other networks are quickly gaining ground on the Ethereum blockchain. However, future Pectra upgrades in 2025 are expected to improve user experience and introduce account abstraction.

While the asset still struggles with hefty transaction fees, averaging $2.70, and encounters resistance near $3,200, institutional investors appear to be showing confidence in the asset, judging by the market conditions.

XRP price has shown great momentum in 2025, with the asset displaying a 6.2% daily rise and trading at around $2.68. JPMorgan estimates that a possible spot XRP ETF could attract $4–$8 billion in fresh capital.

Particularly in its meme coin market, XRP is seeing notable expansion with ventures like XRP Army, among others. Backed by good fundamental patterns and favorable market conditions, analysts are predicting XRP could trade between $2.41 and $4.74 in 2025, with some anticipating a possible upside to $5 in Q1 2025.