Bitcoin, Ethereum, Solana, and XRP are among the biggest digital assets by market capitalization. In an analysis by Eric Krown Crypto, insights into the potential future price movements of four major cryptocurrencies have been shared. The analyst who made the video discussed what to expect in 2025 from these cryptos.
Solana: A Cautious Yet Optimistic Outlook
The analyst suggests that there’s potential for SOL price to push towards $230 if it closes above $220. However, caution is advised due to possible pullbacks. The daily Relative Strength Index hints at hidden bearish divergence, suggesting a correction might be in play.
However, on a monthly timeframe, SOL’s interaction with its 5-month exponential moving average indicates a bullish outlook, with a potential higher low around $209 or $195. If the SOL price breaks above $245, it could target the $300 to $320 region, possibly reaching $350.
XRP: Holding Steady with Potential for Upside
XRP price has shown resilience, maintaining a trading range with a low around $2 and a high near $2.62. The daily momentum suggests a potential local high, with a likely pullback to areas of interest like $2.23 or $2.12, forming a higher low.
A breakout above $2.45 could propel XRP towards $3.80 or even higher to $4.50 or $5. However, significant downside risk exists if the XRP price falls below $2, potentially dropping to $1.50 or lower.
Ethereum: Building Momentum Amidst Retracements
Ethereum is currently near its 50% retracement level, with potential for a pullback if it doesn’t sustain above $3,700. Higher lows could be established around $3,450 or $3,300.
The monthly chart supports a bullish scenario as long as ETH price remains above its 5-month exponential moving average, suggesting further upside potential unless it breaks below recent lows, which could lead to a drop to $2,800.
Bitcoin: Cautiously Bullish with Eyes on Key Levels
Bitcoin’s analysis points to a likely scenario where a pullback could occur before any significant upward movement. The weekly chart shows Bitcoin price trading above the median of its HPDR, hinting at a bullish continuation unless there’s a decisive move below recent lows.
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A potential pullback to $94,000-$95,000 might form a higher low, with a breakout above $103,000 confirming bullish momentum. On a two-month timeframe, Bitcoin could test $114,000, suggesting a minimum target for early 2025.
The analyst is optimistic about the outlook for Solana, XRP, Ethereum, and Bitcoin in 2025. While short-term corrections may be on the horizon, the overall sentiment across these major cryptocurrencies remains bullish, with analysts anticipating potential upward movements and new highs in the coming months.
