As of the writing of this article, the cryptocurrency King is finding buyers at $97,800 while altcoins experience slight losses. Market stagnation has increased with volume weakening over the weekend. BTC continues to see purchasing activity around the $98,000 mark. Setting aside short-term fluctuations, what are the current price targets for MOVE and XRP Coins?
Price Targets for XRP Coin and MOVE
Analyst Daan Crypto Trades updated his previous analysis of MOVE Coin today. In his chart shared on the first day of January, he anticipated a recovery from the last dip. Subsequently, the price climbed back above $1 from the $0.85 levels. The analyst, who shared the chart below, expects the upward trend to continue until $1.23, with potential pullback points marked in the chart.
“MOVE has experienced a solid breakout. The upward trend remains quite clear during these significant waves.”
XRP Coin is hovering at $2.35, having lost nearly 4% on the day. This decline has been influenced by BTC’s price distancing from the $99,000 threshold. Another analyst, known as Faibik, claims that another rally for XRP Coin is imminent. His chart suggests a price target of $3.66 once the breaking area where the current price is situated is surpassed.
If proven correct, XRP Coin could experience a 50% increase.
Short-Term Crypto Predictions
Analyst Rover believes that BTC prices will inevitably reach $110,000 in the short term. He also mentions that while minor corrections may occur, the trajectory clearly indicates a shift to six-figure prices.
Daan addresses the issue of focusing too much on short-term movements, suggesting that while short-term predictions can be entertaining, they rarely come to fruition and few are consistent. He advises maintaining focus on medium to long-term strategies and not to overly worry about short-term price movements. The higher the time frame, the easier the maneuvering becomes.
