January 17, 2025
Bitcoin News

Why Monero (XMR), Ripple (XRP), and Uniswap (UNI) Might Be The Best Buys As Bitcoin Takes $100K 

The cryptocurrency market has shown strong resilience despite recent volatility, with Bitcoin reclaiming the $100k mark after dipping to its lowest point since November.

With President-elect Donald Trump’s inauguration and reports of pro-crypto policies on the horizon, the market is brimming with optimism.

While Bitcoin aims to hold the $100K milestone, altcoins like Monero (XMR), XRP, and Uniswap (UNI) present compelling investment opportunities for savvy traders.

Bitcoin’s Journey Back To $96K And Beyond

After hitting a monthly low of $90K on January 13, Bitcoin rebounded strongly, trading at $99,580 as of publication—a 5.8% increase in the past 24 hours, according to Bravenewcoin data. Analysts link this recovery to:

Speculation on Stable US Interest Rates: Promising employment data has sparked optimism about economic stability. Trump’s Pro-Crypto Agenda: Reports suggest plans for a crypto council, A Bitcoin Strategic Reserve, and relaxed SEC regulations, fostering investor confidence.BTC weekly price action. 

Source: Bravenewcoin

Monero (XMR): Gearing Up For A Bullish Breakout Towards $259.64

Monero stands out in the crowded cryptocurrency market with its unrivaled commitment to privacy. As governments tighten their grip on financial transactions, Monero provides a decentralized alternative that keeps user identities completely hidden. It uses sophisticated cryptographic techniques such as ring signatures and stealth addresses to make transactions untraceable, attracting users who prioritize privacy above all else.

Source: Monero via BNC

Monero is up at $205.63 with a weekly 4.45% increase. It touched $206.77 after bouncing off the important ascending trendline that has been support since November 2024. The technicals are looking good. RSI is at 56.23, so there’s room to run before it gets overbought. MACD just crossed up, so buying momentum.

XMR/USD weekly chart. Source: TradingView

Volume is down to $49.32 million but open interest is up 4.96% to $19.74 million so traders are preparing for volatility. The market has seen $92.18K in liquidations in the last 24 hours which is against shorts and could mean more upside.

The Monero price is looking at resistance at $230.57 and $259.64. If it breaks $230, it could be a big bullish move and could go to $260-$300, which is 26-46% up. If it can’t hold $202-$200, then it’s going to be down. If it breaks $180.79, it could go to $167, which is 18% down.

Monero’s privacy and good technicals make it a good pick for investors looking to get into a crypto asset with a large upside. As demand for privacy tech increases, Monero will benefit from the increased market interest and price action.

XRP: Peter Brandt Predicts XRP To $9.50

XRP is still getting all the attention in the financial world, especially with its role in cross-border payments. After a series of wins for Ripple Labs in the legal disputes with the SEC, investor confidence in XRP as an asset for international transactions has gone up. This is now reflected in XRP’s market dynamics and price action.

XRP monthly price action. Source: Bravenewcoin

Ripple’s XRP just broke out of a symmetrical triangle on January 11 and is now in a strong uptrend. With a rising 20-day EMA of $2.34 and a good RSI, XRP can go up. If it holds above the breakout level, the XRP/USDT pair might target $2.73 and then $2.91, which will get intense selling.

Going above $2.91 will take it to $4.84 according to the pattern. Below the 20 day EMA will dampen the bullish view and might take it down to $2.20.

XRP just hit a 7-year high of almost $2.90 due to banking, ETF, and bullish forecasts from experts. Analysts are now predicting XRP to go between $4 to $8 in the short term and its market cap to go above $500 billion. Ripple’s XPR price prediction is for the gains to continue as retail investors jump into XRP.

And to that bullish view, the number of XRP whales (addresses holding between 1 million to 10 million XRP) has reached an all-time high at 2,054 from 2,004 in just a few days. This growing whale activity means strong confidence and strategic accumulation from big players, which is a bullish sign.

Peter Brandt, a veteran trader, just revised his bearish view on XRP and is now projecting XRP’s market cap to go up and price to $9.50. Brandt’s change of heart and the high whale activity mean the market is very confident in XRP’s future.

However, investors should still be aware of reversals. If XRP fails to hold $2.35 on a bearish move, it will test $2.20 and then $1.99, which is a deeper correction.

Finally, Google Trends shows that the search interest for “XRP” is higher than Bitcoin for the first time, showing how much interest there is in XRP.

XRP searching is sky-rocketing. Source: Google

Uniswap (UNI): Market Expert Predicts UNI To $42.49

Uniswap is still the king of DeFi, and recent developments show huge potential for further gains. There has been an increase in whale activity, with a 694% increase in large transactions in the last 24 hours. This is a sign of a big price movement ahead for UNI.

Uniswap monthly price action. Source: Bravenewcoin

UNI is currently at $12 and has support at this level. Analysts predict that if UNI stays here, it will test for $17. Breaking above this will open up more gains and possibly new highs.

Uniswap’s trading API is now integrated with Ledger Live. This means users can now trade directly within Ledger’s platform, and that’s more accessibility and security to trade on Uniswap. This is not only good for UNI’s utility but also as an investment.

Market data shows a long/short ratio of 57%, which means longs are more than shorts. This is a general market view of prices going up. Uniswap’s active address count is up 23%, which means more users and more confidence from investors.

Despite the recent volatility, UNI is holding strong, which means it has a good foundation for future growth. Industry expert Javon Marks says UNI just broke out of a long-term descending trendline. He predicted UNI to go up over 200% and reach $42.49 based on technical and market behavior.

Conclusion

These assets are not only valuable but also opportunities to diversify and ride the next crypto wave. Bitcoin going to $100,000 is a big tailwind for the entire crypto market. Altcoins have historically followed Bitcoin’s lead during bull runs and delivered bigger gains. But picking the right altcoins requires technical analysis, market sentiment, and understanding the value proposition of each asset.