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Fresh XRP Rally Incoming. Here’s What This Bullish Indicator On Binance Says

Table of Contents
XRP On the Rise Again
Potential to Surpass $3.36
Vincent Van Code (@vincent_vancode), a well-known software engineer and respected figure in the XRP community, pointed to bullish signs in the market as XRP continued its upward trend.
In a recent post, he noted there are currently no major sell walls for XRP on Binance, and emphasized that with a global 24-hour volume of $10.5 billion traded, the market appears “primed for further upward momentum.”While he dismissed technical analysis as overly manipulated, Van Code acknowledged that while the order book has similar problems, its current state is “the best it’s looked in ages.”
Van Code attached a chart that reinforces his point. It confirms that resistance levels on Binance’s order books have thinned, with fewer large sell orders acting as a barrier. As liquidity builds and volume remains high, XRP’s current trajectory shows potential for continuation.
XRP On the Rise Again
At press time, XRP traded at $2.55, representing a 20.44% increase over the past week. This climb began shortly after President Donald Trump announced a major trade agreement between the United States and the United Kingdom.
The deal is a significant geopolitical development, and the market reacted favorably almost immediately. Investor confidence has increased, not only in traditional sectors but also in digital assets with strong global utility like XRP.
The timing of Van Code’s post adds weight to the market outlook. With the announcement acting as a macroeconomic catalyst, the absence of significant sell-side resistance could mean that XRP is well-positioned for further gains. If the current momentum sustains, the asset may be able to challenge and potentially break through larger historical resistance levels.
Potential to Surpass $3.36
The $3.36 mark represents a key level for XRP. The asset reached a multi-year high of $3.39 in January, and showed resilience, closing the month above $3 for the first time. However, market pressures pulled it down in February, and it has yet to recover the $3 level.
One community member pointed to sell orders at $3.36, suggesting XRP will hit that level. This level is even more notable because the absence of major sell order clusters suggests this level will not be a barrier. With global volume remaining high and major exchanges like Binance showing minimal near-term resistance, XRP could test and even surpass this level soon.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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Ethereum ETFs record massive $240.29 million daily inflows crushing Bitcoin ETFs' $164.57 million for 18th consecutive day as BlackRock's ETHA leads with $163.6 million while ETH breaks above $2,800 for first time since February.
Ethereum exchange-traded funds have outpaced Bitcoin ETFs, recording a massive $240.29 million in daily net inflows on Wednesday that eclipsed Bitcoin ETFs’ $164.57 million, marking the 18th consecutive day of positive flows into spot ETH ETFs.
This surge represents the highest single-day inflows for Ethereum ETFs in four months. It coincides with ETH’s climb above $2,800 for the first time since February, pushing the asset to a 12-day high.
The remarkable momentum began building in early June when Ethereum staking reached an all-time high of 34.65 million ETH locked on the Beacon Chain. This represents nearly 29% of the total circulating supply and shows a long-term conviction among holders who chose to stake rather than sell.
Institutional Capital Rotation Drives Ethereum Momentum
According to the data from SoSoValue, BlackRock’s iShares Ethereum Trust (ETHA) has emerged as the top gainer, leading Wednesday’s inflows with $163.6 million, maintaining a 23-day streak without outflows, and managing over 1.55 million ETH valued at $4.23 billion.
The fund’s stock price has surged over 50% since the start of the year, and cumulative Ethereum ETF inflows have totaled $3.74 billion since their July 2024 debut.
Notably, the new administration’s recent regulatory shifts were among the key factors of this renewed confidence in Ethereum’s ecosystem, particularly as the network’s Pectra upgrade has addressed long-standing scalability and cost-efficiency challenges that previously hindered developer adoption.
In fact, Ethereum co-founder Vitalik Buterin, speaking at ETHGlobal, recently predicted that the network’s transaction processing capacity will improve tenfold over the next year through layer-1 scaling solutions.
The dramatic surge in Ethereum ETF inflows has made investors increasingly view ETH as undervalued relative to Bitcoin’s recent all-time highs and the broader altcoin rally that peaked last year.
Technical Breakout Patterns Point Toward $3,000 Target
Ethereum’s price action reveals an interesting technical pattern across multiple timeframes.
The weekly Elliott Wave analysis displays a comprehensive five-wave impulse pattern from the 2022 lows. The most critical development was Ethereum’s recent breakout above the massive descending trendline, which contained price action since the 2021 all-time highs.
This structural break confirms the end of a multi-year accumulation phase marked by a High-Volume Flag pattern throughout 2023, during which smart money built positions while retail sentiment remained bearish.
The daily chart reveals a completed inverse head-and-shoulders pattern, with the current price at $2,772 showing strong upward momentum after decisively breaking the red descending trendline that previously acted as resistance.
The pattern projects near-term targets around $3,300 with a more ambitious second target approaching $4,000. At the same time, the step-like structure suggests the advance may involve consolidation periods at key resistance levels before continuing higher.
Perhaps most compelling is the comparative analysis showing Ethereum repeating Bitcoin’s 2018-2021 cycle almost exactly. Both assets exhibit nearly identical patterns of prolonged bear markets followed by base formation around their respective 1-week MA50 levels.
The current Ethereum pattern mirrors Bitcoin’s sequence from the COVID crash through explosive recovery to new all-time highs, positioning ETH similarly to where Bitcoin was in early 2020.
If this historical precedent holds, Elliott Wave projections extend to $5,917 and potentially $13,822, representing a dramatic expansion from current levels.
Short-term technical indicators present a mixed but ultimately constructive picture as Ethereum trades at $2,771 after briefly breaking above the critical $2,800 resistance zone that has capped price action since early May.
However, recent rejection from a high of $2,834 suggests ETH may enter a short-term retest phase, with the $2,750-$2,800 zone now acting as immediate resistance.
The MACD remains bullish but is flattening, hinting at potential near-term consolidation. Critical support levels to monitor include the $2,680 zone representing the 50% Fibonacci retracement level, with deeper support at $2,620 and $2,550.
For the bullish scenario to play out, Ethereum must decisively break above $2,880 resistance to trigger the next major leg toward $3,000 and beyond. If the Bitcoin comparison proves accurate, ultimate cycle targets will reach well into five-figure territory.
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