Cryptocurrencies are responding to macro and regulatory news. Bitcoin and XRP price prediction is in the spotlight as the US Senate delays the cryptocurrency bill. President Trump’s Supreme Court case over tariffs also keeps investors cautious.
These factors are driving Bitcoin and XRP price action and could lead to some short-term volatility.
Summary
- Bitcoin and XRP are reacting to regulatory delays and macro/legal uncertainty, including the US Senate postponing the cryptocurrency bill and the Supreme Court delaying a decision on Trump’s global tariffs.
- Bitcoin is trading around $96,500, with a potential move towards $98,800 if it breaks above $97,800; support zones are $95,700 – $95,000 and $93,000 – $91,000.
- XRP is near $2.09, testing key support between $2.10 and $2.05, with resistance at $2.15 and upside potential towards $2.25 and $2.30; Weaker buying and faster closing of long positions show fading bullish momentum.
- Both cryptocurrencies are experiencing cautious market behavior, and are likely to trade within a short-term range unless key levels are breached.
Current events impacting the cryptocurrency market
Bitcoin and XRP Prices Remain in Focus as US Senate Banking Committee Postpones crypto market structure billadding new uncertainty to the regulatory outlook after Coinbase CEO Brian Armstrong expressed opposition.
The delay has traders reevaluating near-term price expectations, with Bitcoin holding near key support and XRP showing mixed momentum amid cautious market sentiment.
To make matters worse, the United States Supreme Court made no decision decision on Trump’s global tariff case on January 14, and no new date was announced. That uncertainty can affect risk appetite in all markets, including cryptocurrencies.
With that in mind, let’s take a closer look at the Bitcoin and XRP price prediction.
Bitcoin price prediction
Starting January 15, Bitcoin (btc) is trading around $96,500. It rose to $97,800 yesterday, but retreated amid persistent uncertainty. Despite this, there is still room for recovery. A confirmed break above $97,800 could open the door to $98,800, with the psychological level of $100,000 in sight.
If Bitcoin falls, the $95,700 to $95,000 area should hold as support, and the $93,000 to $91,000 area should be a stronger safety net.
XRP Price Prediction
Ripple (XRP) reached $2.17 yesterday and is now close to $2.09. The $2.15 level is an important level. If XRP breaks that, it could test between $2.25 and $2.30.
Support is between $2.10 and $2.05. If that breaks, the next level could be $2 or $1.90 to $1.85.
Spot flows are weak, long positions are closed faster than short ones – the market is losing a bit of its bullish optimism.
Final thoughts
Cryptocurrencies are in a cautious mood as regulatory delays and macroeconomic and legal factors continue to weigh on the market. Bitcoin and XRP are testing support and losing value. Watching the news and flows can give traders clues as to whether a stronger trend is forming.
For now, Bitcoin and XRP prices may remain range-bound, but a clear break above or below key levels could indicate where the market is headed next.
