XRP News Today: Bitcoin Drops 5% From All-Time High Amid Geopolitical Concerns

Bitcoin (BTC) is currently trading 5% below its all-time high, with the $108,000 level serving as a crucial resistance. A daily candlestick close above this level could potentially drive the price to retest the all-time high of $111,980. Key support levels for BTC are identified at $106,290, $104,600, and $103,000, while resistance levels are at the all-time high of $111,980 and the 127.2% Fibonacci retracement level at $122,172.

Derivatives data indicates that more long positions were liquidated compared to shorts in the last 24 hours, with the long/short ratio being less than 1. This suggests that traders anticipate further correction in Bitcoin before a recovery. The recent geopolitical events have made traders less bullish, but the Fear & Greed Index remains in the "greedy" zone, indicating risk appetite among market participants.

The $15 billion options expiry is another factor that could influence Bitcoin and altcoin prices over the weekend and next week. Typically, a large volume options expiry induces volatility, and Bitcoin could observe downward price swings. However, Bitcoin has historically recovered the following week, riding on consistent demand across spot exchange platforms. The $106,000 support remains pivotal for Bitcoin, as a drop under this level could induce further downside volatility.

Ethereum (ETH) is currently hovering around the $2,400 level, 12% below the key resistance at $2,743. The $3,000 level is another key resistance and a psychologically important level for Ethereum. Catalysts such as ETH treasury allocation and institutional capital flows have so far failed to push the price of Ether higher. A 30% rally from the current price could push Ethereum to test resistance at R1, $3,200, with another key resistance at R2, $3,600. Important support levels are marked by Fair Value Gaps on the ETH/USDT daily price chart, at $2,111 and $1,850.

XRP/USDT daily price chart shows a likelihood of gains in the altcoin. As Bitcoin hovers above $107,000, it is likely that XRP will rally alongside the token. Key support and resistance levels are S1, S2 at $1.9083 and $1.7700, and R1 at $2.2524 and $2.6549. The psychologically important $3 level is key to the altcoin, with technical indicators on the daily timeframe supporting gains in XRP.

SEI could gain nearly 14% and test resistance at $0.3359. Support at the upper and lower boundaries of the FVG at $0.2465 and $0.2650 is key to SEI’s price trend. The token is currently consolidating under R1 at $0.3359. The RSI reads 66, meaning it is above neutral, and the MACD flashes green histogram bars above the neutral line.

Aptos (APT) is trading above the $5 support level, at $5.142. The token could collect liquidity at S1, at $4.644. The APT/USDT daily price chart shows signs of further gains in Aptos. The RSI reads 58 and is sloping upwards, and the MACD flashes green histogram bars above the neutral line. Nearly 17% rally could push APT to test resistance at R1, $6. The next key resistance is R2, at $7.

According to the analyst's forecast, institutional capital flows and relatively high correlation with BTC is likely to catalyze gains in top altcoins.