XRP Surges 2.59% to $2.93 Amid $7.2B Volume, Whale Activity, and US CPI Anticipation
XRPUSDT has experienced notable price volatility in the last 24 hours, with the price rising 2.59% to $2.9345, according to Binance data. This upward movement is largely attributed to heightened trading activity on South Korean exchanges, increased whale accumulation, and anticipation surrounding upcoming U.S. CPI data and ongoing regulatory developments. The recent rally was initially halted at the key $3 resistance level, leading to a brief pullback, but renewed interest from large investors and positive technical signals have supported the rebound.
Currently, XRPUSDT maintains strong trading volume, with over $7.2 billion traded in the past day and a market capitalization of approximately $173.48 billion. The price has fluctuated between $2.80 and $2.96, reflecting both caution after resistance rejection and optimism driven by robust market participation and technical patterns.
Inactive Bitcoin Wallet from 14 Years Ago Suddenly Unloads 20,000 BTC, Raising Market Concerns
A Bitcoin wallet that has been dormant for 14 years suddenly became active, liquidating 20,000 BTC worth $2.4 billion and transferring billions more to institutional custodian Galaxy Digital. This unexpected activity has caused market unease, due to similarities with the Mt. Gox trustee wallet reactivations in 2024 which led to a significant 31% BTC price correction. However, there are differences, including this sell-off being managed professionally through Galaxy Digital and the fact that institutional and OTC demand is arguably stronger now than last year.
Despite the concerns, Bitcoin achieved a new all-time high of over $123,000, but has since dipped to around $117,500. The situation has led to speculation that another correction similar to the Mt. Gox incident could occur.
Bitcoin Pulls Back — Breakout Loading or Storm Brewing?
From $123,200, bitcoin price fell. BTC may find offers at $115,500 after falling below $120,000.
Bitcoin fell from its new record high of $123,200.
Price is below $120,000 and 100 hourly Simple moving average.
BTC/USD broke above a negative trend line with resistance around $117,300 on the hourly chart.
The pair may rise again if it breaks $120,000 resistance.
New ATH Bitcoin Price Corrects
Bitcoin price rose after breaking $118,500 barrier. BTC accelerated beyond $120,000 and $122,000 barrier.
Bulls even pushed the pair beyond $123,000. The price is correcting after hitting a record $123,140. It fell below the 23.6% Fib retracement line of the $108,636 swing low to $123,140 high.
Bitcoin has fallen below $120,500 and the 100-hour SMA. The price is sustaining the 50% Fib level of the rise from $108,636 swing low to $123,140 high.
BTC/USD broke above a negative trend line with resistance around $117,300 on the hourly chart. Close to $118,500 is immediate upward barrier. Near $120,000 is the first major resistance. The next hurdle may be $122,000.
A closing above $122,000 barrier might boost prices. If the price rises, it may challenge $123,200 barrier. More increases might push the price beyond $125,000. The goal may be $130,000.
More BTC losses?
Bitcoin may fall if it fails to break $120,000. Near $115,850 is immediate support. Near $115,500 is the first big support.
Around $114,150 is the next support. More losses might push the price toward $112,500. BTC may go below $110,500, the primary support.
The technical indications
Hourly MACD - MACD is falling in the negative zone.
Relative Strength Index hourly BTC/USD RSI is below 50.
Major Support Levels: $115,500, $114,150.
Major resistance levels: $120,000 and $122,000.
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I’m watching $BTC reclaim momentum 💪
Back above $118,000 after bouncing off $115,700 support.
📈 If it breaks $118,500, we could see a fast move to $120,000+
Bulls are stepping in — recovery looks strong 👀
Follow for real-time updates 🔔
Share this with a friend who trades 📲
{spot}(BTCUSDT)
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SOL Token Rises 2% as Spot ETF Listings and DeFi Growth Drive $8B TVL Surge
Solana (SOLUSDT) is trading at 163.61 USDT, reflecting a 2.01% increase over the past 24 hours, with a 24-hour open of 160.39. The price change is primarily attributed to heightened investor interest following developments related to potential spot Solana ETFs in the U.S., including the recent listing of VanEck's SOL Spot ETF by the DTCC and the launch of Solana ETFs in Canada. Additional drivers include significant growth in tokenized assets on the Solana blockchain, which have reached $418 million year-to-date, and a surge in DeFi activity with total value locked exceeding $8 billion. Increased trading volume and institutional participation, such as the expansion of BIT Mining and DeFi Dev Corp's SOL acquisitions, have also contributed to the recent price movement. The market remains active, with trading volume up and price volatility continuing as traders monitor key support and resistance levels.