Bitcoin has made a notable comeback, soaring past $96,000 after a drop to $92,000 on December 31. As the crypto markets show signs of recovery from a recent correction, enthusiasm is building for potential pro-crypto regulation in the U.S. in 2025. With Donald Trump set to be inaugurated soon, there are expectations of increased market volatility that could impact altcoin prices significantly. The three tokens to keep an eye on are Bitcoin (BTC), Solana (SOL), and Ripple (XRP).
On-chain metrics point towards promising gains for Bitcoin, XRP, and Solana. Open interest is a critical indicator of demand among traders. Data from Santiment reveals that there has been a rise in open interest for these three tokens since the end of December. This surge in interest from derivatives traders within the first days of January suggests a bullish sentiment for the market.
Particularly for Solana, the increase in its social dominance cannot be overlooked. The token has been generating buzz on platforms like X, alongside a noticeable uptick in SOL trading volume on various exchanges. Santiment’s metrics indicate a positive funding rate for Solana over the past five days, a sign of growing optimism among traders.
While XRP is experiencing a decrease in large volume transactions valued between $100,000 and $1,000,000, which could signal waning interest from large investors, this decline might actually slow down profit-taking among its holders. The Net Profit/Loss (NPL) metric, reflecting profit-taking activities, indicates the possibility of a shift in strategy among these larger wallet holders.
For Bitcoin, the funding rate has remained positive recently, an encouraging indicator for bulls. However, the recent decrease in institutional capital inflow is a concerning trend. As per data from Farside Investors, the net inflows to U.S.-based spot BTC ETFs saw significant outflows, which could challenge Bitcoin’s performance in 2025. Some institutions, like MicroStrategy, have seen substantial stock declines, which could affect their Bitcoin positions moving forward.
Solana’s narrative surrounding meme coins is losing momentum, compounded by diminished on-chain activity and a decline in airdrops. Despite outperforming Ethereum in decentralized exchange metrics, Solana’s overall market capitalization lags behind, making it crucial for the platform to regain traction.
The legal situation surrounding XRP remains fluid, particularly with the SEC’s appeal in the ongoing Ripple lawsuit. Many investors are hopeful that changes in leadership could alter the course of this lengthy legal battle, positively impacting the price of XRP. Signs of accumulation are emerging, with large holders added over 350 million XRP to their wallets early in January, hinting at potential bullish momentum.
From a technical perspective, the weekly price charts for Bitcoin, XRP, and Solana show significant support and resistance levels that traders should watch closely. Bitcoin appears to be positioned for potential highs if positive momentum holds. XRP faces resistance at $2.6076, while Solana has its eyes on the $200 mark as a critical threshold.
Finally, keep an eye on activities involving Pump.fun, which has been increasingly liquidating its SOL token holdings. This could create downward pressure if the trend continues, making it imperative for traders to monitor whale activity and SOL supply on exchanges.
This outlook on Bitcoin, Solana, and XRP encapsulates the potential for growth while acknowledging the hurdles that lie ahead. As the regulatory landscape evolves, these charts will be instrumental in guiding traders’ decisions throughout 2025.
