XRP Breakout Alert: Expert Predicts Potential Surge To $15 After Triangle Formation

Crypto analyst Tony Severino has provided some insights into the current Bitcoin price action. He revealed that the Bitcoin upper hand has moved above $105,400 and hinted at where the flagship crypto could be heading next.

What’s Next For Bitcoin Price As Upper Band Moves Above $105,400?

In an X post, Severino revealed that Bitcoin’s upper band is now above $105,400. With this development, he alluded to a previous analysis in which he revealed what could happen once the price breaks above $105,400. In the analysis, the crypto analyst mentioned that things could get interesting once BTC breaks above $105,400.

He then predicted that Bitcoin could rally to as high as $170,000. The analyst made this prediction while revealing how BTC witnessed a 90% surge from the wick low at the lower band to the local high. This happened the last time the flagship crypto got a head fake to the lower band before moving to the upper band.

Based on this trend, Severino believes the Bitcoin price could record another 90% surge and rally to as high as $170,000. This price target is significant as it could mark the top for the flagship crypto. The crypto analyst mentioned that the cycle top for Bitcoin can be discussed once BTC reaches this $170,000 target.

However, market experts like Standard Chartered have suggested that Bitcoin could rally beyond this $170,000 target. The financial institution predicted that a rally to $200,000 by year-end is achievable. Bernstein analysts also described a rally to $200,000 by year-end as conservative, meaning Bitcoin could rally higher. 

This bullish outlook for Bitcoin mainly stems from the fact that Donald Trump is set to take office on January 20. The pro-crypto US president-elect is expected to implement a Strategic Bitcoin Reserve for the country, which will boost the flagship crypto’s adoption.

BTC Not Far Away From A New All-Time High 

Crypto analyst Rekt Capital has suggested that Bitcoin will soon reach a new all-time high (ATH). In an X post, he stated that BTC is one daily resistance away from breaking out to a new ATH yet again. The crypto analyst added that a daily close above the final resistance followed by a post-breakout retest would be enough to launch the flagship crypto into price discovery.

Until then, Rekt Capital mentioned that Bitcoin would continue to range between $101,000 and $106,000. Crypto analyst Titan of Crypto offered a more optimistic outlook for the BTC, stating that the flagship crypto has started its rally. He remarked that, as anticipated, the crypto has broken through resistance and is now primed for a strong rally. 

At the time of writing, Bitcoin was trading at around $103,509, up in the last 24 hours, according to data from CoinMarketCap. 

Featured image from Pexels, chart from TradingView

The cryptocurrency market faced a surprise on Jan. 18 when the “Official Trump” (TRUMP) memecoin, backed by President-elect Donald Trump, was launched without prior notice. The announcement came via Trump’s social media accounts, directing users to purchase the Solana token using a specified centralized intermediary and providing the contract address.

The memecoin launch sparked a rally in Solana’s native token, pushing it to an all-time high of $270. This surge raised questions among traders about whether SOL’s current $120 billion market capitalization is sustainable and its implications for Ethereum , Solana’s main competitor. Ethereum had previously been perceived as Trump’s favorite due to its allocation within World Liberty Financial, a project closely associated with Trump, but the decision to launch Official Trump on the Solana network has raised eyebrows.

Raydium (RAY) has had an exceptionally bullish week, surging over 62% in less than six days and capturing the spotlight in the decentralized exchange (DEX) market. This impressive rally has positioned Raydium as a market leader, with strong momentum that shows no signs of slowing down. The cryptocurrency recently cleared last year’s high, a significant milestone that further bolsters its bullish outlook.

Top analyst BigCheds shared insights into Raydium’s performance, highlighting its relative strength in the market. According to BigCheds, the token’s ability to outperform in a volatile environment signals strong demand and solidifies its position as one of the top-performing DEX tokens. This bullish momentum is drawing increased attention from traders and investors who see the potential for even greater gains in the near term.

Raydium’s breakout above last year’s high is a significant technical achievement, paving the way for further upward movement. With market sentiment turning increasingly positive and Raydium showcasing resilience and strength, the DEX is well-positioned to capitalize on its recent momentum. As it continues to outperform, many are watching closely to see just how high Raydium can go in this bullish phase. The coming days will be crucial for determining its next big move.

Raydium Reaches Multi-Year Highs

Raydium has made a significant move, breaking above the $6.5 mark just a few hours ago and continuing to push higher as the cryptocurrency market gains momentum. This breakout signals strong bullish sentiment for the token, as both technical and fundamental factors align to support further price appreciation. As the leading decentralized exchange (DEX) on Solana, Raydium’s growth and dominance within the ecosystem further bolster its long-term potential.

Top analyst Cheds recently shared a technical analysis on X, emphasizing Raydium’s relative strength compared to other altcoins. According to Cheds, RAY’s ability to outperform in a volatile market environment highlights the strong demand driving its rally. The token’s decisive move above key supply levels is a bullish indicator that could pave the way for significant gains in the coming days.

Beyond technicals, Raydium’s fundamentals remain robust, contributing to its strong performance. The DEX has cemented itself as a critical component of the Solana ecosystem, providing liquidity and facilitating seamless trading for a wide range of assets. Its expanding user base and consistent innovation reinforce investor confidence, making it a top choice for traders and liquidity providers alike.

As Raydium builds on its momentum, clearing critical price levels and pushing higher, many investors are now targeting even loftier price points. If the market continues to heat up and RAY maintains its relative strength, the potential for a massive rally becomes increasingly likely. With its strong fundamentals and bullish technical outlook, Raydium is well-positioned to capture further gains, making it one of the most exciting altcoins to watch in this current market cycle. The coming days will be pivotal in determining how far RAY can go in this bullish phase.

RAY Breaking Above Key Levels

Raydium is currently testing levels not seen since 2022, signaling a remarkable resurgence in its price action. The token’s strong momentum suggests it is primed for further gains, with bullish sentiment dominating the market. However, a potential retest of the $6.5 level could be on the horizon, providing an opportunity for consolidation before the next leg up.

As of now, RAY is holding above the critical $6.70 mark, a level that solidifies bullish control. Maintaining this support is crucial, as it underscores market confidence and sets the foundation for continued upward movement. If bulls can defend this level, the next logical target for RAY would be the $7 mark—a key psychological and technical resistance that, once cleared, could pave the way for even greater gains.

Market sentiment around Raydium remains optimistic, with both technical indicators and fundamentals aligning to support its bullish trajectory. As the leading decentralized exchange (DEX) on Solana, RAY continues to benefit from strong utility and growing adoption, further reinforcing its appeal to investors.

Featured image from Dall-E, chart from TradingView

Top Stories of The Week

Coinbase CEO calls on countries to establish Bitcoin reserves

Brian Armstrong, CEO of US-based cryptocurrency exchange Coinbase, has endorsed plans for global leaders to create Bitcoin strategic reserves.

In a Jan. 17 blog post on economic freedom, Armstrong said cryptocurrencies were the next chapter of capitalism, offering suggestions for policymakers to integrate digital assets into their economies in 2025.

The Coinbase CEOs ideas included crypto-friendly laws, government efficiency, special economic zones, and the establishment of a Bitcoin reserve as a hedge against inflation.

The next global arms race will be in the digital economy, not space, Armstrong speculated. Bitcoin could be as foundational to the global economy as gold and will become central to national security in a world where holdings of Bitcoin can shift the balance of power among nation-states.

SEC charges Digital Currency Group for misleading investors

The United States Securities and Exchange Commission has charged Digital Currency Group (DCG) and former Genesis Global Capital CEO Soichoro Michael Moro with misleading investors about the financial health of Genesis in the aftermath of the Three Arrows Capital (3AC) collapse.

According to the Jan. 17 filing, DCG and Moro have agreed to pay a combined $38.5 million in civil penalties, with DCG liable for $38 million and Moro liable for $500,000.

Moro and DCG agreed to the civil penalties without admitting to or denying any violations of the Securities Act of 1933.

The settlement is the latest chapter in the legal saga of Genesis, which filed for Chapter 11 bankruptcy protection in January 2023 due to a 2022 default by 3AC a former borrower of Genesis.

Trump plans executive order making crypto a national priority: Report

US President-elect Donald Trump is reportedly expected to sign an executive order designating crypto as a national priority that could come as soon as he re-enters office on Jan. 20.

Bloomberg reported on Jan. 17, citing people familiar with the plans, that the order would mean regulatory agencies would be guided to work with the industry. It could also create a crypto council to advocate the industrys policy wishes.

The order could be signed on Jan. 20 Trumps first day back as president but its not final and could change before its made public, the report said.

Trump is widely speculated to be lining up a day-one crypto-related executive order as the local industry heavily backed his campaign, and the incoming president promised that the US would be a crypto capital.

The New York Times similarly reported on Jan. 16 that crypto executives had offered input to Trumps crypto czar, David Sacks, on an executive order covering multiple areas of crypto policy.

The Dolion event for Dolos The Bully (BULLY) on January 28, 2025, could impact its price. New events like Dolion often create excitement among investors and can increase trading activity. If the event brings positive news or developments, it might attract more buyers, leading to a price rise. However, if it fails to meet expectations, the price could drop as investors lose interest. For further details, visit the source.

The Pepper Token Airdrop is a major event that could impact PEPPER's price. Airdrops can increase interest in a crypto, as people often buy tokens in hopes of getting a reward. This heightened activity could drive the PEPPER price up during this period. However, if many airdrop recipients decide to sell their tokens, it might lead to short-term selling pressure. Check out the source for more information.