Bitcoin, Ether, and Cardano Bulls Attempt Breakout Move as XRP Army Eyes $1 XRP by Q1 2023 ⋆ ZyCrypto

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BTC, ETH, XRP, and ADA see a slight increase in value entering Christmas week. On the other hand, DOGE is still struggling after Elon Musk’s poll and has traded down 8% in the last 7 days. As the new year approaches, bulls are pushing their favorite coins to start the year off on a high.

Digital asset enthusiasts saw promise amid a turbulent market following a slight positive price movement of several top cryptocurrencies.

Market leader Bitcoin (BTC) showed positive signs of a breakout after its price rose 1% over the weekend, trading at $16,890 but still below the $17,000 resistance level . Ethereum (ETH), on the other hand, had a better weekend rising 4% and is trading at $1,223.

Cardano (ADA), which has performed poorly like other major assets this year, also posted slight gains over the weekend and remained in the green zone on Monday. At the other end is the red zone which currently hosts a large number of top assets.

Leading the pack is Elon Musk-backed Dogecoin (DOGE), which is still trading a short following Musks’ Twitter poll last week. DOGE is down 8% over the past week, with its price hovering around $0.075.

Heavier losses hit Solana (SOL), Polkadot (DOT), Quant (QNT) and other assets over the past seven days. Solana fell 15%, trading hands at $11.85, while DOT fell 14%. QNT and Avalanche (AVAX) are also posting double-digit losses, shedding 12% and 10% respectively, ending the week at $105 and $11.78.

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Recent losses in these major assets have been attributed to several factors, including the aftermath of the FTX implosion and the broader bearish performance of the financial market.

Bulls look to 2023

After a bad run this year, the bulls have their eyes set on 2023, and many are already showing new metrics on why their assets will soar in the new year. In the cryptoverse, the Ripple (XRP) community has been one of the loudest voices on the outlook for their coin, with bulls anticipating it to hit $1 in Q1 2023.

Despite the current setbacks, DOGE fans are still hoping their anticipated Twitter use cases like in-app payments will push the price to a new level. Like XRP, the DOGE community has predicted the coin will hit $1 in 2023. Market leaders BTC and ETH have both lost more than 50% of their market capitalization, with investors hoping for a recovery in Q1 2023.

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