Key Takeaways
- Bitcoin’s (BTC) price saw instant rejection from $107,000 ahead of a new week as altcoins suffered setbacks.
- Breaking above $2.7 in the XRP price could ignite a strong price rally to the upside, as whales dominate the price.
- A new all-time high for BTC could boost the price of altcoins to the upside, and XRP could also potentially reach new all-time highs.
The cryptocurrency market has been bubbling in the last few weeks, with recent strong price action to the upside. Altcoins were making double-digit gains, with rallies from Bitcoin and XRP gaining attention from many, hitting a high of $105,500 and $2.6, respectively.
Heading into the weekend, the price of Bitcoin dropped from its high towards $101,800, forcing many altcoins to decrease in price and momentum. The start of the new week on Sunday saw a strong move from BTC rallying towards $107,000, a figure it has struggled to attain since its crash from an all-time high of $109,500, as the price of BTC saw a quick decline towards $102,500.
The sharp price decline affected many crypto altcoins and increased long liquidations within 24 hours of their rally. Despite the drastic decline in the early hours of the new week, crypto experts and investors believe BTC is still on track to new highs and a possible $200,000 target.
BTC Gets Rejected At $107k
Source – Market Reaction To BTC Retracement From QuantifyCrypto
Although the price of BTC has enjoyed quite an eventful price action since January 2025, hitting a high of $107,000, restoring bullish sentiment in the crypto market and for altcoins, the sudden price crash towards $102,000 has temporarily affected the price action of altcoins.
According to on-chain data from QuantifyCrypto, some larger-market-cap crypto assets have shown resilience. The likes of SOL, ADA, DOGE, and XRP have struggled in the last few days. If the price of BTC continues in this price action, this could lead to altcoins trading into the key support zone.
A breakout for BTC above previous all-time highs could signal a shift in market price action for Ethereum, which would help altcoins rally better to new highs following a price decline in the past three months as they aim for a relief bounce.
XRP Price Analysis
Ali Martinez, a crypto analyst, has speculated that the price of XRP could retest its key support of $2 if it fails to protect its support above $2.3 following recent price uncertainty with BTC, which has affected market price action to the upside.
If the price of XRP breaks above $2.7, we could see a strong rally towards $4 and potentially $5 as market expectation for XRP remains a high of $5 for a short-term price target following price creation of new historical highs.
The key zone to watch for XRP remains $2.7 and $2.3 resistance and support, respectively. A new all-time high for BTC would boost altcoins’ rally to the upside in the coming days.
