XRP Burn Rises, DOGE Volume Surges 197% as Brandt Names $93K Bitcoin Rebound Level
On Jan. 25–27, on-chain and market data signalled shifting momentum for several major crypto assets. XRP’s burn metric ticked up about 1% in 24 hours (roughly 400 XRP burned), a rise CryptoQuant links to increased payment use and reduced sell pressure that could support a near-term price rebound. Dogecoin (DOGE) saw a dramatic 197% spike in 24‑hour trading volume — reaching about $1.29 billion per CoinMarketCap — even as its price remained volatile; higher volume may improve short-term liquidity and could presage renewed retail interest or a short-lived recovery. Veteran trader Peter Brandt reiterated a bearish view on Bitcoin (BTC) unless BTC reclaims and stabilizes above $93,000, which he identified as the key level to break the current downtrend (he describes BTC trading in a bear channel). Key points for traders: monitor XRP burn and on-chain activity for signs of sustained user demand; watch DOGE volume and liquidity changes that can amplify or dampen price swings; and treat $93,000 as a technical threshold for a possible BTC trend reversal. This digest provides actionable levels and metrics for short-term trade setups and risk management.
Neutral
The digest contains mixed signals across assets, producing a neutral market outlook. XRP’s modest rise in burn activity is a constructive on-chain indicator — higher fee burns and payment-related use can reduce sell pressure and support price — but the change is small (≈400 XRP, ~1%) and not yet a strong confirmation of sustained recovery. DOGE’s 197% volume spike is significant for liquidity and retail attention; high volume can either precede momentum-driven rallies or intense volatility and sell-offs depending on trader sentiment. Peter Brandt’s technical stance on BTC sets a clear, high-impact threshold: $93,000 as the level needed to negate the bear channel. Historically, similar patterns (moderate on-chain improvements + large meme-coin volume spikes + vocal technical resistance levels) have produced short-lived rallies or consolidation rather than decisive directional moves until a primary asset (BTC) breaks a clear technical barrier. Short-term implications: increased trading opportunities from higher DOGE liquidity and potential quick XRP bounces — traders should use tighter risk management and watch volume confirmation. Long-term implications: limited unless XRP burn trends continue upward substantially or BTC reclaims $93,000, which would be a bullish regime change. Absent those developments, expect continued volatility and range-bound behaviour.