24-4-2025 – Digital asset markets witnessed a notable correction on Thursday as investors capitalised on recent gains, though Bitcoin demonstrated resilience by maintaining its position above the $93,000 threshold. Other prominent cryptocurrencies faced downward pressure, with XRP, Ethereum, and Solana recording declines exceeding 2%. Notably, Dogecoin emerged as the day’s poorest performer, shedding more than 5% of its value.
In his market analysis, Bitget strategist Ryan Lee highlighted Bitcoin’s struggle to surpass the $91,275 mark, suggesting a potential retracement to the $85,000-$90,000 range should Exchange-Traded Fund (ETF) capital inflows diminish or the $95,000 barrier prove insurmountable.
Technical analysts are particularly intrigued by XRP’s market behaviour, as the digital asset recently breached a crucial resistance level at $2.24. Despite a subsequent minor pullback, market specialist Casi interprets this as a healthy consolidation rather than a bearish signal. The analyst emphasises several pivotal price points at $2.24, $1.90, and $1.55, potentially serving as springboards for the next significant price movement.
Bitcoin’s persistent testing of the $95,000 threshold has caught the attention of market observers. Noted analyst Ali Martinez emphasises the significance of the yearly opening price at $93,548, suggesting this former support level could present fresh challenges as resistance.
In more ambitious projections, analyst Egrag Crypto draws parallels between XRP’s current trajectory and its 2017 bull run pattern, forecasting potential valuations of $27 in the near term, with aspirational targets of $120 in subsequent market cycles.
