- Bitcoin, Ripple, and Solana show strong signs of growth, with the potential to double in value amid improving market signals.
- Solana upgrade and ETF hopes for XRP boost investor optimism as BTC eyes key technical breakouts above resistance.
The cryptocurrency market has faced significant volatility recently. Bitcoin (BTC) fell to $81,100 after climbing to $88,000.The global crypto market cap also dropped from $3 trillion to $2.8 trillion in March.
Ethereum (ETH) also maintained a slight edge over Bitcoin, trading at $1,876 as of Wednesday. However, these three cryptocurrencies are now positioned for a possible 2x move in the coming weeks.
1. Bitcoin (BTC): Is a Breakout Rally on the Horizon?
Bitcoin has seen a 22.7% drop from its all-time high of $108,786, yet market sentiment remains cautiously optimistic. According to ETHNews, some analysts predict a long-term rise to $150,000, with even higher targets like a $100 trillion market cap for the crypto.
On Wednesday, Bitcoin remained mostly flat as markets awaited U.S. President Donald Trump’s tariff announcement. The event, set for April 2 at 4 p.m. Eastern Time, has been dubbed “Liberation Day” by the White House. The expected announcement has caused unease across global markets, with European stocks trending lower and Wall Street firms bracing for volatility, according to Bloomberg.
— The White House (@WhiteHouse) March 25, 2025
Earlier this week, Bitcoin briefly touched $85,000 before dipping to $81,188, later rebounding and gaining 3.19% in 24 hours. This price movement, while volatile, has highlighted the bulls’ defense of key support levels.
Ali Martinez, a well-known crypto analyst, noted that BTC is approaching two critical moving averages. A breakout above the 200-day MA at $86,200 and the 50-day MA at $88,300 could signal renewed bullish momentum.
Meanwhile, large holders have been accumulating BTC. Transfers from retail wallets to long-term custodians suggest growing confidence in holding rather than selling.
Moreover, on-chain data has offered some reassurance. Bitcoin’s hashrate recently hit a new all-time high, signaling that miners remain committed and confident in the network’s future
2. Ripple (XRP): The Crypto Poised for a Rally
Ripple’s XRP is gaining attention as one of the top crypto with strong growth potential in the coming months. As discussed by ETHNews, following the U.S. Securities and Exchange Commission (SEC) dropping its lawsuit against Ripple, market sentiment turned positive
Analysts are also watching the possibility of an XRP exchange-traded fund (ETF). The odds for a spot ETF approval on Polymarket hit 85% this week, boosting optimism among traders. Multiple analysts have echoed this projection, fueling a renewed bullish outlook.
XRP’s price was last seen trading at $2.34, reflecting a slight 0.2% gain in the past 24 hours. Traders believe this consolidation could be the start of a broader rally. One crypto analyst, known as Dark Defender, has given a bullish forecast on X.
Based on wave analysis, the analyst predicts XRP’s third wave will range between $5.85 and $8.076. The fifth wave, expected to follow later, could push prices even higher—possibly between $18.22 and $23.20.
On-chain data shows increased activity among XRP holders as Q1 closes, supporting these projections. Traders are preparing for a possible market-wide recovery, and many expect XRP to lead the altcoin sector.
3. Solana (SOL): A Strong Contender for Growth
Solana (SOL) has shown strong signs of recovery despite past setbacks. After reaching an all-time high of $293.31, SOL dropped over 57%, especially after the FTX collapse in 2022. The coin fell below $10 but has bounced back, showing resilience in recent months.
In the past 24 hours, Solana’s stablecoin supply jumped by $106.8 million. This signals rising investor interest and potential new capital flowing into the ecosystem. On-chain data shows over $100 million in SOL was bought in the last five days, with a major $89 million transaction on March 28.
At the same time, Solana’s network activity is growing, according to Artemis data. Between March 24 and now, the number of daily transactions rose from 87.6 million to 92.7 million, showing strong user engagement.
In a recent update, we covered, a proposed network upgrade is also gaining attention. The community is considering raising the per-block capacity from 48 million to 60 million compute units (CUs). If approved, this upgrade could boost scalability and potentially drive a 150% price surge in Q2 2025, with a breakout toward the $300 level.
