Crypto charts to watch in 2025: Bitcoin, Solana, XRP

Bitcoin is back above $96,000 and has rebounded from the decline on December 31 to $92,000. Crypto markets are recovering after a correction, and altcoins have begun to rally in anticipation of pro-crypto regulation and policy in the US in 2025.

We are less than three weeks away from President-elect Donald Trump’s inauguration, and this could impact crypto markets and altcoin prices. The top three tokens where price fluctuations and changes are expected to occur are Bitcoin (BTC), Solana (SOL) and Ripple (XRP).

On-chain metrics support gains in Bitcoin, XRP and Solana

Open interest is generally considered an indicator of interest and demand for a crypto token among investors. Data from Santiment shows an increase in OI on Bitcoin, XRP, and Solana since the December 31 low.

Derivatives traders’ appetite for the three tokens increased in the first three days of January, supporting the bullish thesis.

Bitcoin, Solana and XRP open interest | Source: Santiment

Solana’s social dominance is on an upward trend. The token is increasingly mentioned on social media platforms such as X and is recording a steady increase in the volume of SOL traded on exchanges. The Santiment chart below shows that funding raised rates across derivatives exchanges have been positive for the last five days, meaning there is optimism among investors.

Solana on-chain metrics | Source: Santiment

XRP has observed a decline in the number of large volume transactions worth $100,000 and $1,000,000 since December 31. Typically this is considered a negative sign as it indicates that whales or major wallet holders of the token are losing interest, but this could reduce the value of the coin. or end the profit taking streak on XRP.

The network’s realized profit/loss metric measures the net profit/loss realized by all investors who moved tokens on a given day. The non-performing loans metric has been showing consistent profit taking since the first week of November. The series, which lasted about two months, may end as the whales slow down and their activity in XRP decreases.

XRP on-chain metrics | Source: Santiment

Bitcoin’s funding rate remains positive in the last ten days of December and the first three days of January 2025. Whale trading has taken a hit as derivatives traders maintain their optimistic outlook, similar to XRP, traders’ profit-taking activity may decrease.

Bitcoin on-chain metrics | Source: Santiment MicroStrategy’s falling NAV isn’t Bitcoin’s only concern

Institutional capital inflows into Bitcoin are in decline. Data from Farside investors shows that net flows into US-based spot BTC ETFs have been suffering since the last week of December 2024.

On Thursday, January 2, ETFs recorded a net outflow of $247.80 million.

It remains to be seen how declining inflows will impact the token in 2025, with institutional investment acting as one of the biggest catalysts for the Bitcoin price rally in 2024.

Bitcoin ETF Flows | Source: Farside Investors

MicroStrategy, one of the largest publicly traded holders of Bitcoin, has seen its shares decline nearly 44% since its peak. Following in the footsteps of the business intelligence firm led by Michael Saylor, many companies have adopted Bitcoin as a treasury asset on a smaller scale. However, the demand created by this narrative is decreasing.

The holiday, combined with the changing US macroeconomic environment, reduced trading volumes and stablecoin issuance, negatively impacted the BTC price. The token remains stable above $96,000 and it remains to be seen how long it will take for Bitcoin to retest the $100,000 milestone and all-time highs above $108,000.

Solana and XRP face hurdles amid ETF approval hopes

Solana’s meme coin narrative that has been driving gains in the token and positioning it as a rival to top altcoin Ethereum (ETH) is slowly losing steam. With the decline in airdrops and the decrease in network activity, Solana observed reduced on-chain activity on his chain.

Solana’s stablecoin market capitalization is another metric that continues to lag behind Ethereum, although decentralized exchange metrics such as volume and protocol revenue outperform Ether.

The Securities and Exchange Commission’s appeal of the Ripple case continues in anticipation of the changing course of crypto regulations and policy in the U.S. Investors remain hopeful that a new SEC Chairman can resolve the situation and possibly end the years-long legal battle XRP between 2020 and 2024 .

The expectation is that large wallet investors will hold between 100 million and 1 billion XRP tokens and add over 350 million XRP to their holdings in the first three days of January. Santiment data shows accumulation and supports the bullish thesis for the altcoin.

XRPLedger token stocks by address balance | Source: Santiment Technical analysis and targets

Bitcoin weekly price chart shows that BTC is in an upward trend. Technical indicators are supporting gains in BTC. Moving average convergence divergence, flashing green histogram bars above the neutral line; This means that there is positive momentum in the Bitcoin price trend and the RSI is reading 66 and is sloping upwards.

In case of a correction in the largest cryptocurrency, BTC could find support at the Fair value gap between $81,500 and $89,376. The BTC/USDT weekly price chart shows that if the uptrend continues, the token could test the $100,000 milestone and revisit its all-time high.

BTC/USDT weekly price chart | Source: Crypto.news

XRP is currently almost 20% away from the $2.9092 peak recorded in 2024. The altcoin is facing resistance at the December 9 high at $2.6076, as seen on the XRP/USDT weekly price chart. In case of a correction in XRP price, the imbalance zone between $1.63 and $2.17 could act as support for XRP.

The RSI currently shows that the altcoin is overvalued. However, the MACD shows that there is fundamentally positive momentum in the XRP price trend.

XRP/USDT weekly price chart | Source: Crypto.news

The weekly chart of Solana shows that the altcoin is in an uptrend and is near $231.62; This is the 78.6% Fibonacci retracement level of the rally from the $110 to $264.59 high. The $200 level remains an important milestone for SOL.

SOL is currently almost 12% below the nearest resistance and supports the October 28 high of $183.38. The RSI is trending upwards and reading 56, and the MACD indicates that the underlying momentum of the LEFT price trend may have turned negative.

SOL/USDT weekly price chart | Source: Crypto.news Pump.fun continues to dump SOL tokens

Lookonchain’s on-chain analysis shows that Solana launch pad Pump.fun continues to offload its SOL token holdings. On January 3, the wallet associated with the launchpad deposited 292,437 SOL (worth over $55 million) into Kraken and sold approximately $42 million worth of SOL tokens.

On Friday, the launch pad’s wallet deposited 63,171 SOL (worth more than $13 million) into Kraken.

Pump.fun’s SOL token dump could increase selling pressure on the altcoin if it doesn’t end its launch pad streak soon. Traders need to monitor whale activity on exchanges and Solana supply to anticipate any upcoming correction in SOL price.

Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only.