Key Takeaways
As January closed, the market saw a decline in the number of cryptos that hit new highs compared to the last two months of 2024. But as February 2025 begins, several assets show signs of breaking their previous peaks.
Among the top four cryptos primed for new all-time highs are a memecoin, a U.S.-based token, an exchange token, and an altcoin focused on decentralized finance (DeFi) fundamentals.
This analysis reveals the factors indicating that these cryptocurrencies might reach new peaks.
Top of the list of cryptos primed for new all-time highs is SPX6900 (SPX), the Ethereum-based memecoin. SPX’s all-time high is $1.77, which hit this level on Jan. 19.
Currently at $1.29, the memecoin price is 27% down from this peak. On the 4-hour SPX/USDT chart, the token traded within a falling channel as the price fell from $1.77 on Jan. 19 to $0.98 on Jan. 25.
But as of this writing, SPX6900 has broken out of that channel, suggesting that the memecoin has exited the bearish trend. Furthermore, the Money Flow Index (MFI) has been increasing, signifying that buying pressure around the cryptocurrency remains visibly present.
If this intensifies, then SPX’s price will likely rise above the 0.786 Fibonacci resistance.
If that happens, then the memecoin’s value might hit $1.80. Rising to $1.80 could also be a stepping stone to hit higher prices.
In that scenario, SPX, which crypto analyst Murad Mahmudov says could hit a $100 billion market cap and become the biggest memecoin, might rally toward $2.50.
However, low demand for the token could invalidate this prediction and a hawkish market condition. Should that be the case, then SPX’s price might decline below $1.
Apart from SPX, XRP, which had a stunning end-of-the-year performance in 2024, is among the cryptos primed for new all-time highs in February.
XPR’s all-time high happened seven years ago. But as of this writing, the token is only 20% away from reclaiming that height.
Since Donald Trump became president, the token has experienced a surge in bullish sentiment. Speculation is growing that the country’s regulatory agency may close the case against Ripple, as Trump seems ready to introduce more crypto-friendly policies.
Further, rumors are circulating that the altcoin could be included in the country’s proposed crypto reserve. If that happens in February, then the XRP price could climb to a new all-time high.
From a technical perspective, XRP seems to follow the same bull flag pattern that helped it register a 50% increase in January.
A bull flag consists of a sharp price rise, known as the “flagpole,” followed by a rectangular consolidation period, called the “flag.” This pattern suggests that the price will likely continue its upward movement after the consolidation.
As of this writing, XRP seems to be completing its consolidation. Once buying pressure increases at this range, the altcoin might break out with a 20% surge that could take it above $3.60 and mark a new all-time high.
Should demand for XRP continue rising, the token’s value could hit $4. However, if the U.S. decides not to include the token in its strategic reserves and the SEC fails to close the case against Ripple, this might not happen.
Instead, the XRP price might face correction. The value might slide to the 0.382 Fibonacci retracement level in that scenario at $2.52.
In 2024, BGB, the native cryptocurrency of the Bitget exchange, was one of the best-performing altcoins in the top 100, as its price surged by 1000%. This new year, the token seems ready to follow the same playbook, as it jumped by 15% in January.
This, alongside signs from several indicators, makes it one of the cryptos primed for all-time highs in February.
BGB’s all-time high is $8.50, and is down 20% from that price. However, the token still trades above the 20 and 50-period Exponential Moving Average (EMA) on the daily chart.
When the EMA is above the price, the trend is bearish. But since both are below the Bitget Token’s value, it indicates the cryptocurrency has the potential to climb higher.
Should the EMAs maintain these positions, BGB’s price might climb to $9 in February. However, if the cryptocurrency drops below the 20 EMA (blue), this might not happen.
In that case, the price might drop to $5.68. Should selling pressure increase and BGB’s price decline below the 50 EMA (yell0w), the value could sink to $3.92, invalidating the bullish prediction.
JUP, the native token of Solana-based decentralized exchange Jupiter, is another crypto that could hit a new all-time high in February 2025.
On Jan. 22, Jupiter had its yearly airdrop and distributed 700 million JUP tokens to eligible users. The selling pressure from the sales of the tokens distributed drove the crypto price down.
But a few days later, after the Catstanbul 2025, Jupiter announced a 50% protocol fee buyback program and its plan to burn 3 billion JUP tokens.
Moments after this, JUP’s price rallied by 30%, outperforming almost every other cryptocurrency in the top 100. While JUP’s price is still 50% down from its all-time high, the planned burn and buyback will reduce the supply and possibly drive demand higher.
If this happens, the altcoin’s value could soar more than 50% in February. On the daily chart, JUP’s price trades above the Parabolic Stop And Reverse (SAR) indicator, indicating strong support for more upside.
Also, the Moving Average Convergence Divergence (MACD) has risen to the positive region, indicating bullish momentum around the cryptocurrency. If sustained, JUP’s price could rally to $1.84.
Once this happens, the next target could be a higher uptrend toward $2.50, bringing the token to a new all-time high.
However, if demand for the token fails to appear, this prediction might not materialize. Instead, JUP’s price might sink to $0.77.