Key Takeaways
- BTC’s price breaks above $88,000 after weeks of trading below $80,000 following the market crash.
- Investors and traders pay close attention to XRP ahead of its price rally above $3, as this would provide a good entry point for price rallies.
- XRP reclaiming its price above its 50-day- and 200-day allows bulls to attempt a major breakout above $3.
The market saw an end to the previous downtrend and crash as the cryptocurrency market witnessed a strong price rally on March 24, 2025. The price of Bitcoin formed strong support around $83,000 and started a strong price rally towards a high of $88,000 for the first time in weeks, as altcoins enjoyed some fresh air of price rally.
The crypto market’s top performers, SOL, XRP, and ETH, have witnessed over 7% gains over the past 24 hours, showing great signs of gearing up for a price bounce. A rally and close for Bitcoin above the key area of interest of $95,000 could see the price attempt to rally towards a new all-time high of $110,000 and beyond following the recent price crash from that region.
The recent crypto rally has come as a big surprise for crypto experts and investors. There was wild speculation of a likely price crash towards a low of $70,000 to $65,000 before making reversals to the upside, but the price found a bottom around $78,000, with the price looking strong for a retest of key highs.
Although BTC’s price rally has gained much attention, investors and traders are closely watching the price of XRP following its recent lawsuit settlement with the US SEC (Security and Exchange Commission). XRP currently looks strong above its support zone as the price attempts to break above $3 resistance.
XRP Whale Activities Resume As Price Targets $3
Ali Martinez, in his X post, suggests that the low whale activity in recent times has been due to XRP price trading towards a $2 support, which has created a high level of uncertainty following its price crash from a high of $3.45 to a region of $2.
The breakout of XRP from $2 to a high of $2.5 recently is beginning to build strong confidence in the price. Whales are looking for opportunities to build strong buy positions for XRP, which could push the price of XRP toward its key resistance of $3.
A break and close above its key resistance of $3 would be a major boost for XRP’s price, which is expected to rally to a new historic high of $5 following weeks of price struggle.
XRP’s price, currently trading above its 50-day and 200-day EMAs (Exponential Moving Averages), has come as a relief for traders and investors. This is a good sign that the price is looking to trade more to the upside.
