Bitcoin may correct while XRP, Ethereum rise next week for three reasons
Ethereum analysts expect strong implied volatility and optimism before the technical upgrade.
Ripple's RLUSD stablecoin launch boosts XRP's usability and popularity.
After seven days of losses, Bitcoin, Ethereum, and XRP rise modestly on Friday.
Even though Bitcoin (BTC), Ethereum (ETH), and XRP lost value in the preceding week, they rose marginally on Friday. Experts expect BTC and ETH to be volatile next week, with Bitcoin possibly correcting in Q1 2025.
TradeNation head of brokerage solutions Anthony Rousseau told FXStreet his Bitcoin 2025 prognosis. BTC and ETH have greater implied volatility (IV) according to Rousseau.
Traders are optimistic about Ethereum's technical upgrade but ready for turbulence. Ethereum is well-positioned to top DEX metrics in 2025, Rousseau says.
Rousseau believes Ethereum might restore its DEX supremacy over Solana if these changes materialize and TVL and user engagement rise.
Bitcoin prepares for severe correction
Bitfinex experts predict Bitcoin to drop despite its recent all-time high and strong crypto market.
Miners are lucrative, but experts said that may change if they sell their holdings to fund operations. Miners are in a solid position with unrealized earnings.
Miners' earnings and sales of Bitcoin to fund operations have historically hurt the token's price.
The public launch of RLUSD should boost XRP.
In an exclusive interview with FXStreet, Uphold CEO Simon McLoughlin stated stablecoin frameworks might boost market capitalization.
McLoughlin expects stablecoin market value to surpass $3 trillion by 2029:
Stablecoins are revolutionizing banking speed, efficiency, and cost with 98 of the top 100 institutions investing in blockchain. The world's major banks are discreetly adopting stablecoins as a fintech revolution, not a fad.
XRP may rise when Bitcoin corrects due to more usefulness and acceptance.
At press time, Bitcoin is around $95,000, Ethereum is over $3,300, and XRP is $2.3289.
#BTC #ETH #xrp
