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3 Cryptos to Watch out for Next Week as Donald Trump Takes Office

Published
Nikola Lazic
Published
By Nikola Lazic
Edited by Ryan James

Key Takeaways

  • Bitcoin: Poised to benefit from potential strategic reserve plans.
  • Ethereum: Innovation driver with institutional appeal and Web3 backbone.
  • Ripple: Positioned for growth in cross-border banking integrations.

As Donald Trump prepares to take office on January 20, 2025, the cryptocurrency market speculates how the new administration’s policies might impact digital assets.

With a reputation for bold economic strategies and rumored crypto-friendly advisors, Trump’s presidency could mark a significant turning point for the industry.

Here are three cryptocurrencies to watch in the coming week, each uniquely positioned to benefit from this potential regulatory shift.

1. Bitcoin (BTC): The Market Leader

The largest cryptocurrency by market capitalization recently surpassed the $100,000 milestone, trading at approximately $102,091. This surge reflects growing investor optimism about Trump’s rumored plans to establish a strategic Bitcoin reserve

Such a move would cement Bitcoin’s “digital gold” position and signal mainstream acceptance and integration into national financial strategies. With increasing institutional adoption and heightened global uncertainty, analysts predict Bitcoin’s value could soar, potentially reaching $400,000 under a supportive regulatory environment. As the bellwether of the crypto market, Bitcoin’s performance will likely set the tone for other assets.

BTC price analysis
BTCUSD | Credit: Nikola Lazic/TradingView 

Bitcoin’s price action indicates the completion of corrective Wave 4, with the current rally likely marking the beginning of Wave 5. The price is expected to aim for a breakout above the $108,000 area, pushing towards higher Fibonacci extension levels.

2. Ethereum (ETH): The Innovation Hub

Ethereum, the second-largest cryptocurrency, is the backbone of decentralized finance (DeFi) and the NFT ecosystem. Currently trading at around $3,428, Ethereum is poised to benefit from regulatory clarity, which could foster innovation and attract institutional investment.

The transition to Proof of Stake (PoS) through Ethereum 2.0 has enhanced its scalability and energy efficiency, making it even more appealing to developers and environmentally conscious investors.

Ethereum’s role in the Web3 ecosystem is irreplaceable as the platform supports thousands of decentralized applications. Analysts see significant growth potential as the administration’s policies could unlock new opportunities for Ethereum-based projects.

ETH price analysis
ETHUSD | Credit: Nikola Lazic/TradingView 

Ethereum appears to have completed an ABC corrective wave and is currently testing a downward resistance trendline. A successful breakout could drive the price toward the $3,673 or $4,081 resistance levels, aligning with bullish continuation expectations.

3. XRP (XRP): The Payments Powerhouse

XRP has seen a notable rally, climbing above $3 and trading at approximately $3.29. Ripple’s recent legal victory against the SEC has bolstered confidence in XRP as a regulated digital asset. 

Its focus on cross-border payments and banking integration positions it uniquely for growth. Speculation that central banks, including the Federal Reserve, may embrace XRP further strengthens its appeal. With low fees, high speed, and scalability, XRP can benefit from Trump’s potential push for financial innovation.

XRP price analysis
XRPUSD | Credit: Nikola Lazic/TradingView 

The XRP chart shows a clear Elliott Wave structure, with Wave 3 extending strongly and Wave 4 potentially forming a corrective pattern before moving into Wave 5. The price will likely target the next Fibonacci extension levels at $3.77 or $3.99, signaling further bullish momentum after a brief consolidation.

Conclusion

Bitcoin, Ethereum, and XRP each represent distinct facets of the cryptocurrency market: store of value, innovation, and payment solutions. As Trump’s administration signals a potentially favorable regulatory environment, these cryptocurrencies are poised to capitalize on emerging opportunities, making them essential assets to watch in the coming week.

Disclaimer: The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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Nikola Lazic

Nikola Lazic is a cryptocurrency analyst and investor working in the industry since 2017. He holds a bachelor's degree in Sociology, which enables him to better understand the psychology behind the crowd´s positioning. Consequently his preferred analytical tool is Elliott Wave Theory in combination with price action analysis. Combining his experience in trading and investing with knowledge in content writing he strives to bring the most accurate and actionable information. Expertise: Cryptocurrencies, Technical analysis, Elliott Wave Theory, On-chain metrics, Research reports.
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