Crypto Market Update: XRP's Impressive Weekly Gain Amidst Bitcoin's Stagnation

1 min read
Source: Cointelegraph
Crypto Market Update: XRP's Impressive Weekly Gain Amidst Bitcoin's Stagnation
Photo: Cointelegraph
TL;DR Summary

Bitcoin fell near a key support level after failing to sustain above resistance, while institutional investors continue to invest in digital assets. Bitcoin's fair value is estimated to be $55,000, and once that level is crossed, a blow-off top is expected in 2024. Support levels to watch in Bitcoin and altcoins include $29,500 for BTC, $1,853 for ETH, $0.66 for XRP, $220 for BNB, and $0.30 for ADA. The market is currently in a consolidation phase, with potential for both upward and downward moves depending on key levels being breached.

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