altcoin Investors saw significant gains in 2024. We generally saw big rises in new altcoins. Of course, there are also examples where exceptional old altcoins, such as XRP Coin, broke new all-time record levels. Well, as we approach the end of December, Filecoin, Ethereum $3,397.3 And what are the predictions for XRP Coin?
Filecoin (FIL)
There is relatively less competition in the field and this year FIL Coin It performed quite well. Although it exceeded $11, the subsequent sell-off and market volatility pushed it back to $2.86. Now it finds buyers at $5.4.
FIL Coin, which tested the support of $ 4.4 with the decline of BTC, can test $ 6.93 if it can regain $ 5.6. Then, the targets of $7.14 and $7.61 will be on the agenda. For the yearly peak, resistances at $9.355 and $10.43 must be overcome. As the recovery from the local bottom started in the short term BTC Unless there are any bad surprises, targets above $6 seem reasonable.
Ethereum (ETH) and Ripple (XRP)
ETH price It could not show the expected performance this year either. The altcoin, which barely approached its levels at the end of 2021, has not yet been able to raise its ATH level. XRP CoinIt is interesting that the ETH price is still stalling at $3,400 when it targets $3. And altcoins It shows that the great demand across the world has not started yet.
The chart to watch here is the ETHBTC pair, and the altcoin king is now struggling to reclaim 0.036BTC as support. If it can achieve this, 0.046 and 0.0498BTC supports can be targeted again with closings above 0.04. The rise in the overall altcoins will give the first big signal in this comeback scenario. In the medium term, the repurchase of 0.058BTC may also open the door to a new all-time record price for ETH in dollar parity.
XRP Coin It is one of the most promising altcoins as we enter the new year. On January 20, Gensler is leaving office and will be replaced by a new crypto-friendly SEC Chairman. This is the ongoing Ripple $2.2 It means that the appeal process can be eliminated by the SEC. Moreover, ETF approval is awaited for many altcoins.
We already know that the Trump administration will embrace cryptocurrencies. The new US president is a complete cryptocurrency fanatic and has already started to take big steps in line with this stance. XRP Coin With the normalization of closings above $2.64, there may be a basis for new peaks above $3.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.