The global cryptocurrency market cap declined to $3.42 trillion** as of Sunday, marking a nearly **10% drop** from two weeks ago. Bitcoin ([BTC](https://crypto.news/price/bitcoin/)), which recently attempted to reach **$100,000, played a key role in last week’s downturn. After retesting $90,000**, BTC rebounded to **$97,200 by Sunday’s close.
Despite the bearish trend, several altcoins outperformed. Below are the top cryptocurrencies to monitor this week:
XRP Retests 2021 Peak
XRP (XRP) surged 33% last week despite a mid-week 12% dip. After bouncing from $1.28**, it broke the **$1.63 resistance, surpassing Binance Coin (BNB) to rank 5th by market cap.
Key Levels to Watch:
- $1.96** (April 2021 peak): A break above could propel XRP to **$2 (first time since 2018).
- Next targets: $2.35** (Fib 1.272) and **$2.56 (Fib 1.414).
👉 Why XRP’s rally could continue
APE Breaches 5-Week Symmetrical Triangle
ApeCoin (APE) gained 13.6%, breaking a 5-week triangle pattern. After reclaiming $1.5**, APE faces critical support at **$1.3.
Catalyst:
- 15.6M APE tokens unlock on December 17.
ALGO Spikes 51% in a Week
Algorand (ALGO) soared 51%, with a 36.92% single-day gain—its largest in 2024. A golden cross (50-day MA > 200-day MA) signaled bullish momentum.
Outlook:
- Resistance: $0.4893.
- Support: $0.40 (loss could weaken momentum).
FAQ
1. Will XRP hit $2 this week?
If XRP holds above $1.96**, a rally to **$2 is likely.
2. What’s driving APE’s price action?
The breakout from a 5-week triangle and upcoming token unlock are key factors.
3. Is ALGO’s rally sustainable?
A break above $0.4893 could confirm bullish continuation.
Disclaimer: This content is for educational purposes only and not investment advice.
### Key SEO Features:
- **Headings**: Structured with H2/H3 for readability.
- **Keywords**: "XRP," "APE," "ALGO," "cryptocurrency market," "altcoins," "bullish momentum."
- **Anchor Text**: Strategically placed for engagement.