Bitcoin Consolidates Near $84,000 as Altcoins Surge
Bitcoin's price action over the weekend was marked by failed attempts to break above $87,000, leading to a sideways consolidation near $84,000. This stagnation shifted attention towards mid-cap altcoins, with Ethena's ENA token surging 24% following a partnership announcement with Binance.
The rally in ENA stood out against a backdrop of muted activity across the broader cryptocurrency complex, where total market capitalization held near $2.88 trillion. Bitcoin's dominance over the altcoin market slipped to 58.6%, according to CoinMarketCap data.
XRP analysts, particularly EGRAG CRYPTO, have been watching key levels for XRP, including the RSI 53 threshold and the $1.65 price level. EGRAG CRYPTO's analysis suggests that a break above $1.65 could lead to aggressive upside targets of $7.50, $13, and $30.