Cryptocurrencies Price Prediction: Ripple, Ethereum Classic & Near Protocol — Asian Wrap January 12

FXStreet Team FXStreet

XRP price eyes $0.700 despite SEC’s move to subpoena Ripple’s financial statements

Ripple (XRP) price is pushing north after establishing support over the past few days. With a budding recovery rally, the payments ecosystem is facing opposition from the US Securities and Exchange Commission (SEC), shifting the community’s attention from their aspirations for an XRP exchange-traded fund (ETF).

Ethereum Classic price tops out with a 15% correction likely underway for ETC

Ethereum Classic (ETC) price is among the biggest gainers, benefitting the most from the spot Bitcoin exchange-traded funds (ETFs) approval. The capital rotation from BTC to altcoins has favored some projects more than others, with ETC presenting among the biggest beneficiaries.

Near Protocol price consolidation hints NEAR could retest $6.50 soon

Near Protocol (NEAR) price has shown incredible resilience to drawdowns despite the market volatility and short-term Bitcoin price crashes. As a result of this sideways movement, NEAR has set up a bullish continuation pattern that could result in a triple-digit breakout rally.

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FXStreet Team

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XRP, ADA, and SOL are vulnerable to deeper losses

The top altcoins, including Ripple, Cardano and Solana, are trading in the red as the broader cryptocurrency market faces downside pressure. The bearish pressure aligns with Citadel Securities' anticipation of a surprise Fed rate hike, which could reduce liquidity in high-risk assets, including crypto assets.

XRP and XLM extend correction as bearish pressure builds

Ripple and Stellar remain under pressure on Tuesday after losing over 4% and over 5%, respectively, the previous day. In addition, weakening momentum indicators and deteriorating derivatives metrics suggest sellers remain in control, raising the risk of further downside for both altcoins. Derivatives data shows a slight bearish tilt.

Bitcoin risks losing $63,000 – FET, SHIB lead losses

Bitcoin edges lower on Tuesday, extending its losses of over 2% from the previous day. The broader crypto market suffered nearly $600 million in liquidations over the last 24 hours amid renewed sell-off pressure. Artificial Superintelligence Alliance and Shiba Inu have emerged as the worst-performing crypto assets in the same time period.

Pump.fun surges following rising revenue and social push

PUMP, the native crypto of token launchpad Pump.fun, saw double-digit gains on Monday, rising to nearly $0.00220, its highest level in about 11 weeks, before easing. The recent gains have stretched its 14- and 30-day performance above 38% and 50%, respectively.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.