Crypto markets experienced a significant price drop immediately after US markets opened, with Bitcoin (BTC) falling below $121,000. This decline has triggered concerns for other cryptocurrencies, known as altcoins, as they face an uncertain market outlook due to ongoing government shutdown uncertainties. The situation has sparked debate about the future of major altcoins like XRP, XPL, and NEAR.
Analysis of Specific Altcoin Prices
Analyst Sherpa, who closely follows XPL Coin, believes a potential decline completion within a specific price range is likely. However, he suggests buying only if the market rebounds before hitting its lows. His analysis is based on the recent three-day consecutive drop for Bitcoin, which has been a trigger for altcoin price drops.
XRP and XPL:
XRP Coin, currently trading around $2.8, has reached a critical support level that analyst Ali Martinez mentioned twice this week. He predicts a rebound to $3.1 if the $2.73 support holds. However, Peter Brandt warns of potential XRP drops to $2.22 if the $2.6 support breaks, potentially coinciding with BTC hitting the $110k mark.
Near Coin:
Near-coin analyst Michael Poppe shares his outlook on the near-future performance of NEAR Coin and the ETHBTC pair. He predicts a dip in the altcoin leader due to its sideways movement against Ethereum. If the 20-day moving average is regained, he believes a turn may occur. He also highlighted that NEAR saw accumulation throughout 2025, representing roughly nine months of buildup. Reaching resistance levels between $3.25 and $3.50 could trigger a significant breakout.
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