by Scott Emick
4/29/2025
We are looking much stronger than two weeks ago, particularly Monero! I have been long-term bullish on Monero (XMR) for a while now. Bitcoin keeps its title as the steady growth king over the long term for excellent ROI. Solana is more of a wild card with great potential while XRP momentum is fueled by bankster types trying to cash in on the crypto craze.
🟠 Bitcoin (BTC)
Current Price: $95,008
Change: +$528 (+0.56%)
High/Low (2 weeks): $95,279 / $93,580
Technical Analysis:
- Broke out of 4-month falling wedge, now above 200-day moving average (bullish).
- RSI > 50 = Positive momentum.
- Key levels: Resistance at $100k; Support at $85k and $76k.
Fundamental Drivers:
- Optimism over potential U.S. tariff reductions and global economic health.
- Strong Bitcoin ETF inflows and increased corporate demand.
🟣 Monero (XMR)
Current Price: $270.52
Change: +$15.16 (+5.93%)
High/Low (2 weeks): $279.73 / $250.69
Technical Analysis:
- Gained 50% recently, breaking above ascending triangle (targeting $345).
- Open interest highest since Dec 2020.
Fundamental Drivers:
- Increased demand for privacy coins (due to speculation over BTC laundering).
- Fear & Greed Index: 60 (“Greed” sentiment).
🟢 Solana (SOL)
Current Price: $148.26
Change: +$0.83 (+0.56%)
High/Low (2 weeks): $149.56 / $145.68
Technical Analysis:
- Cup and handle pattern forming; resistance at $160.
- Breakout targets $264 if sustained.
Fundamental Drivers:
- Solana led Q1 DeFi activity (volume, addresses, transactions).
- 1inch enabling cross-chain swaps with Solana, boosting liquidity.
🔵 XRP (XRP)
Current Price: $2.29
High/Low (2 weeks): $2.31 / $2.26
Technical Analysis:
- Testing $2.72 resistance; breakout target at $3.63.
- Critical support: $2.22 (backed by 100-day EMA).
Fundamental Drivers:
- ProShares launching XRP futures ETF.
- Strong whale accumulation and 170% trading volume surge.
- Legal clarity post-SEC lawsuit boosting confidence.
