As we have seen with the recent Bitcoin (BTC) price fluctuations, the market has gone through a healthy deleveraging phase, significantly lowering funding rates in the futures market. We anticipate that capital will likely return to the mainstream asset trading market in the coming week. Hot money inflows should continue to provide support for both Bitcoin and Ether (ETH).
Looking at inflows into Bitcoin ETFs, we have seen sustained net inflows over the last seven days, highlighting the growing role of traditional funds in the cryptocurrency space. Although we expect a slight slowdown in capital inflows into BTC this week, especially before the release of CPI data. The long-term trend remains positive.
The publication of November CPI data in the US is a key event this week as it will influence expectations regarding a potential interest rate cut in December.
In the coming week, we forecast that the price of Bitcoin will range between $92,000 and $105,000.
XRP’s recent decline to $2.17, reflecting a 20% weekly downtrend, highlights the critical impact of the ongoing SEC litigation on price dynamics. A favorable decision could serve as a significant catalyst for price increases.
From a technical perspective, XRP has shown bullish momentum, breaking above key resistance levels, including a break above the Ichimoku Cloud. Patterns such as the cup and handle formation and bullish deviations indicate a potential continuation of the upward trajectory, as highlighted by market analysts.
Ripple’s introduction of RLUSD, a stablecoin on the XRP Ledger, could further strengthen the utility and liquidity of XRP. By increasing transaction volumes and demand for XRP, RLUSD can play a key role in supporting price growth. Additionally, Ripple’s continued adoption for cross-border payments continues to strengthen market sentiment.
Looking out to 2025, XRP price forecasts range widely, with the average forecast between $1.8 and $8.4, with some optimistic scenarios suggesting highs above $10. These projections depend on increased adoption and resolution of regulatory hurdles. The adoption of RLUSD as a key trading tool could further strengthen XRP’s role in the financial ecosystem.
However, this does not change the fact that broader trends in the cryptocurrency market, in particular the performance of Bitcoin, remain significant factors influencing the XRP price trajectory
