“Bitcoin Is Primed for its Next Explosive Move” as XRP and TRUMP Lead Comeback

Bitcoin is primed for its next explosive move, gaining 4% in the past 24 hours to reclaim $103,000 after dipping to $97,750 on Jan. 27. Keith Alan from Material Indicators highlighted the significance of this recovery, stating, “Recovering the 21-Day Moving Average was a positive sign, and Bitcoin is primed for its next explosive move.” The crypto market, rattled by China’s DeepSeek—a disruptive AI innovation impacting U.S. tech stocks—has seen Bitcoin’s resilience as a beacon of strength.

Andre Dragosch, European head of research at Bitwise, echoed this sentiment, calling Bitcoin’s stabilization “extremely bullish” and noting its ability to hold strong while the Nasdaq continued its slide.

XRP and TRUMP Tokens Lead the Gains

As Bitcoin anchored itself at the center of the action, XRP (XRP-USD) surged 12% to lead gains among major tokens. TRUMP tokens followed closely, also climbing 12%, thanks to growing interest in speculative crypto assets. Other notable gainers included Cardano’s ADA (ADA-USD), Solana’s SOL (SOL-USD), and Dogecoin (DOGE-USD), all up by as much as 9%.

These gains coincided with Tuttle Capital’s filing for the first-ever 2x leveraged ETFs in the U.S., covering major cryptocurrencies and even mid-cap tokens like TRUMP and MELANIA.

Traders Anticipate Outcomes from FOMC Meeting

Looking ahead, the market remains cautiously optimistic. Traders are awaiting the Federal Open Market Committee (FOMC) meeting and key earnings reports from companies like Apple (AAPL) and Meta (META), which could influence crypto sentiment. Nick Ruck of LVRG Research added that policies in the U.S. are shaping up to be favorable for the industry, strengthening long-term prospects for Bitcoin and other cryptocurrencies.

With Bitcoin primed for its next explosive move and tokens like XRP and TRUMP rallying in a recovering market, the U.S. government’s increasingly crypto-friendly stance only adds to the evolving opportunities. Use TipRanks to monitor your favorite cryptocurrencies and stay ahead of the curve as the market shifts. Click on the image below to learn more.