Bitcoin’s price stabilized around the $70,000 mark on Friday, while several altcoins, especially in the Solana ecosystem, rebounded.
This price action occurred even as economic risks occurred this week, with US inflation hitting the 3% level in January.
Inflation is still a big risk as Donald Trump prepares to implement reciprocal tariffs on the top American trading partners.
Higher inflation affects cryptocurrencies by pushing the Federal Reserve to maintain higher interest rates for longer. These fears likely explain why the crypto fear and greed index have moved to the fear zone.
Top Crypto Price Forecasts
This week’s top-performing cryptocurrencies were PancakeSwap, SPX6900, Official Trump, Sonic, and Jito. This article looks at some of the standout tokens during the week, including Ripple (XRP), Jupiter (JUP), and Pepe (PEPE).
Jupiter (JUP) Price Prediction
Jupiter token has been in the spotlight in the past few months as it has grown into the second-biggest player in the perpetual futures industry after Hyperliquid. In the last seven days, it handled future contracts worth over $5.35 billion.
The JUP token, however, has not done well in this period, as it has largely moved sideways. A closer look at the chart shows that it has formed a head-and-shoulders pattern, whose neckline is at $0.6950, its lowest swing since June last year. An H&S pattern is one of the most bearish signs in the market.
Jupiter is now consolidating at the 50-day and 100-day Exponential Moving Averages (EMA). Therefore, the coin’s outlook is bearish, with the initial target being the neckline at $0.6950.
A drop below that level risks it falling to a record low of $0.4390, down by 55% from the current level. A move above the upper side of the right shoulder at $1.2650 will invalidate the bearish outlook.
XRP Price Forecast
The XRP price soared on Friday as investors remained optimistic that the Securities and Exchange Commission (SEC) would approve a spot Ripple ETF.
It has jumped from last week’s low of $1.7335 to $2.7345, the weak, stop, reverse point of the Murrey Math Lines indicator.
The XRP token has jumped above the 50-day moving average, while the two lines of the MACD are about to form a bullish crossover pattern. It has jumped above the first support level of Andrew’s pitchfork tool.
Therefore, the Ripple price will probably keep rising as bulls target the important resistance point at $3.40, up by 17% from the current level. A drop below the strong pivot reverse level at $2.3438 will invalidate the bullish outlook.
XRP price has numerous catalysts, including the soaring XRP Army meme coin, Sologenic and Coreum, and the Ripple USD stablecoin. There are also rising odds that the SEC will approve a spot XRP ETF later this year.
Pepe Coin Price Analysis
Pepe, the third-biggest meme coin in the industry, has moved into a bear market, falling by 65% from its highest level in 2024. It has recently formed a death cross pattern as the 50-day and 200-day Weighted Moving Averages (WMA).
The coin also forms a bearish flag chart pattern as it hovers at the bottom of the trading range of the Murrey Math Lines.
Therefore, it will probably have a bearish breakdown and possibly drop to the key support at $0.0000058, its lowest swing since October 5th last year.
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