Crypto Today: Bitcoin Holds Strong, Ethereum and XRP Extend Gains
The crypto market is buzzing with activity as Bitcoin, Ethereum, and XRP continue to show resilience ahead of key macroeconomic events.
🔹 Bitcoin ($BTC) – BTC surged above $116,000 earlier in the week before consolidating around $115,000. Whales holding between 100 and 1,000 BTC added more than 65,000 BTC in just seven days, raising their total to 3.65M BTC. Exchange net outflows highlight growing cold storage demand — a classic sign of long-term accumulation. With ETF inflows topping $1.7B this week, analysts believe a supply squeeze could soon push BTC toward the $120,000 milestone.
🔹 Ethereum ($ETH) – ETH has reclaimed the $4,500 level and is eyeing its previous ATH of $4,956. ETF inflows have now turned positive after days of outflows, signaling a shift in sentiment. Strong RSI and MACD readings reinforce the bullish case, with support at $4,132 and $3,683 if profit-taking kicks in.
🔹 XRP ($XRP) – XRP bulls broke through a three-month descending trendline, sending price action above $3.00. With futures open interest climbing to $8.51B, investor appetite remains strong. If momentum continues, XRP could target $3.35, and potentially retest its $3.66 all-time high.
📈 Market Outlook – Risk-on sentiment is improving ahead of the Fed’s interest rate decision. With whales accumulating BTC, ETH ETF inflows recovering, and XRP breaking trendline resistance, the crypto market appears poised for further gains. Traders, however, should stay alert to short-term corrections if leverage overheats.
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Crypto Today: Bitcoin Holds Strong, Ethereum and XRP Extend Gains
The crypto market is buzzing with activity as Bitcoin, Ethereum, and XRP continue to show resilience ahead of key macroeconomic events.
🔹 Bitcoin ($BTC) – BTC surged above $116,000 earlier in the week before consolidating around $115,000. Whales holding between 100 and 1,000 BTC added more than 65,000 BTC in just seven days, raising their total to 3.65M BTC. Exchange net outflows highlight growing cold storage demand — a classic sign of long-term accumulation. With ETF inflows topping $1.7B this week, analysts believe a supply squeeze could soon push BTC toward the $120,000 milestone.
🔹 Ethereum ($ETH) – ETH has reclaimed the $4,500 level and is eyeing its previous ATH of $4,956. ETF inflows have now turned positive after days of outflows, signaling a shift in sentiment. Strong RSI and MACD readings reinforce the bullish case, with support at $4,132 and $3,683 if profit-taking kicks in.
🔹 XRP ($XRP) – XRP bulls broke through a three-month descending trendline, sending price action above $3.00. With futures open interest climbing to $8.51B, investor appetite remains strong. If momentum continues, XRP could target $3.35, and potentially retest its $3.66 all-time high.
📈 Market Outlook – Risk-on sentiment is improving ahead of the Fed’s interest rate decision. With whales accumulating BTC, ETH ETF inflows recovering, and XRP breaking trendline resistance, the crypto market appears poised for further gains. Traders, however, should stay alert to short-term corrections if leverage overheats.
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