Aadi 11

$BTC Bitcoin’s recent surge toward $91K has traders buzzing with excitment and some are already anticipating the start of next bullish leg, but the charts tell a different story. ProShares Bitcoin ETF (BITO) is flashing signs of weakness, with a potential retracement toward the $10.10 zone. In Elliott Wave terms, this suggests BTCUSD may still be consolidating in a corrective phase rather than gearing up for the next impulsive leg higher. Understanding these signals is critical for traders who want to avoid chasing momentum at the wrong time.
BITO bearish sequence points toward $10.10
The ProShares Bitcoin ETF (BITO) completed its cycle from the November 2022 low back in March 2024. Since peaking in March 2024, the ETF has been trending lower, carving out what appears to be an incomplete bearish sequence against the December 2024 and May 2025 highs. This structure suggests that short-term bounces are likely to fail, reinforcing the case for further downside. The key level to watch is $10.10, which represents the 100% Fibonacci extension of the first leg down from the March 2024 peak, projected lower from the December 2024 peak. In Elliott Wave terms, this aligns with a corrective sequence that has yet to fully play out. Traders should be cautious about chasing rallies here, as the broader cycle bias favors continuation lower before any sustainable reversal can take shape.

BITO’s chart suggests Bitcoin correction not over yet
This chart highlights how closely Bitcoin ($BTCUSD) tracked BITO (ProShares Bitcoin ETF) from the November 2022 low to the March 2024 high. While the two assets appear to diverge after March 2024, a closer inspection reveals that Bitcoin continued to follow BITO’s directional path, albeit with a different magnitude of swings. This divergence in amplitude allowed Bitcoin to extend its rally all the way to the October 2025 high, even as BITO began its corrective phase. The recent decline in Bitcoin suggests that it has now completed its cycle from the November 2022 low, and is entering a broader corrective phase. Importantly, this correction is expected to persist until BITO reaches its extreme area near $10.10—a level derived from the 100% Fibonacci extension of the first leg down from the March 2024 peak, projected from the December 2024 peak.
Bitcoin bulls, hold your horses—BITO’s chart has other plans

Solana’s correction in focus
SOLANA’s weekly chart shows the cryptocurrency is still unwinding the cycle that began in December 2022. As far as price stays below September 2025 peak, all signs are pointing toward further weakness with rallies likely to remain short-lived. The next extreme area lies beween $52.69–$7.79 , where buyers are expected to step back in. This downside target should align with BITO reaching its $10.10 extreme area, suggesting that major crypto instruments could bottom together before starting a new bullish phase.
The charts and path is clear: BITO, Bitcoin, and Solana are all signaling that the crypto market is still in a corrective phase, with extreme areas yet to be tested. For traders, this is not the time to chase rallies but to prepare for the opportunities that will emerge once these levels are reached. Staying patient now can make all the difference when the next impulsive cycle begins.#BTCVSGOLD $SOL

#WriteToEarnUpgrade #BinanceAlphaAlert

The main advantage of crypto ETFs is the possibility of gaining exposure to a cryptocurrency without ownership, reducing the risk and cost of holding the asset. Other pros are a lower learning curve and higher security for investors since ETFs take charge of securing the underlying asset holdings. As for the main drawbacks, the main one is that as an investor you can’t have direct ownership of the asset, or, as they say in crypto, “not your keys, not your coins.” Other disadvantages are higher costs associated with holding crypto since ETFs charge fees for active management. Finally, even though investing in ETFs reduces the risk of holding an asset, price swings in the underlying cryptocurrency are likely to be reflected in the investment vehicle too.$BNB $XRP $SOL
#WriteToEarnUpgrade #BinanceHODLerAT #IPOWave

XRP succumbs to pressure below its $2.30 resistance amid sticky bearish sentiment in the crypto market.UAE's FSRA green lights Ripple's RLUSD stablecoin as a lending protocol in the Middle East region.XRP ETF inflows extend the positive streak for nine consecutive days, underscoring growing institutional interest.

Ripple (XRP) is losing momentum, trading at around $2.19 at the time of writing on Thursday. Bulls' attempts to shape the uptrend toward key hurdles at $2.36 and $2.52 failed to gain traction amid resistance at $2.30. 
Despite the broader cryptocurrency market's bearish outlook, XRP spot Exchange Traded Funds (ETFs) continue to record steady inflows, reflecting growing institutional interest.
Ripple RLUSD receives regulatory green light in UAE
Ripple USD (RLUSD), a Ripple-backed stablecoin, has been recognized as an Accepted Fiat-Reference Token by the Financial Services Regulatory Authority (FSRA) in Abu Dhabi, allowing its use within the Abu Dhabi Global Market (ADGM).
The regulatory approval implies that RLUSD is now eligible for use by Authorised Persons licensed by the FSRA to provide regulated financial services, provided they comply with the obligations set out in relation to Fiat-Referenced Tokens.
"The FSRA's recognition of RLUSD as a Fiat-Referenced Token reinforces our commitment to regulatory compliance and trust – two non-negotiables when it comes to institutional finance," Jack McDonald, Senior Vice President of Stablecoins at Ripple, stated.
Arvind Ramamurthy, the Chief Market Development Officer at ADGM, praised Ripple for achieving this regulatory milestone, adding that he "looks forward to seeing them make use of our robust regulatory framework, designed to support the sustainable growth of innovative firms and ensure the highest international standards of governance and compliance."
RLUSD is a regulated stablecoin issued under the New York Department of Financial Services (NYDFS). It boasts a market capitalisation of over $1.2 billion, according to CoinGecko. The stablecoin, launched in late 2024, is designed for institutional use while meeting regulatory expectations.
XRP ETFs recorded nearly $22 million in inflows on Wednesday, bringing the cumulative net volume to approximately $644 million and net assets to $676 million. The steady inflows, now on their ninth consecutive day, indicate that institutional investors are paying attention to altcoin-based ETFs.

Technical outlook: XRP dips as bears return 
XRP is trading at $2.19 at the time of writing on Thursday, weighed down by prolonged bearish sentiment across the crypto market. The 50-day Exponential Moving Average (EMA) at $2.37, the 100-day EMA at $2.51 and the 200-day EMA at $2.52 slope lower and remain stacked above price, preserving downside pressure.
A recovery would face hurdles at the above--mentioned moving averages. The Moving Average Convergence Divergence (MACD) histogram stands in positive territory and has widened, placing the blue MACD line above the signal line.

Still, the Relative Strength Index (RSI) at 46 is neutral and has eased, suggesting fading upside momentum. The SuperTrend descends and sits at $2.40, also capping rebounds. The descending trend line from the record high of $3.66, reached on July 18, limits gains, with resistance seen at $2.67.
The momentum indicator holds above the zero line and edges higher, indicating strengthening buying interest. A close above the SuperTrend could open the path toward the trend-line barrier, while failure to reclaim it would keep the bearish bias intact below the declining averages.

Technical indicators suggest strong momentum, with XRP trading in an ascending broadening wedge and targeting further gains if it remains above key support levels.
What to know:
XRP broke through the $2.20 resistance zone, supported by significant institutional investment in new ETFs.
The launch of Franklin Templeton’s XRPZ and Grayscale’s GXRP on NYSE Arca attracted $164 million, marking a shift in traditional capital access to XRP.
Technical indicators suggest strong momentum, with XRP trading in an ascending broadening wedge and targeting further gains if it remains above key support levels.
XRP’s technical landscape strengthened meaningfully as the token broke through the $2.20 resistance zone.

News Background
XRP’s move unfolded against a backdrop of significant institutional expansion into regulated XRP products. Franklin Templeton’s XRPZ and Grayscale’s GXRP both launched this week on NYSE Arca, pulling in a combined $164 million on their first day—one of the strongest altcoin ETF openings to date.
These launches mark a material shift in how traditional capital accesses XRP, offering regulated, broker-integrated exposure that historically wasn’t available.
The ETF traction follows a period of heavy distribution earlier in November, during which large wallets reduced exposure and derivatives positioning deteriorated. The new inflows suggest institutional rotation is stabilizing, aligning with improving technical structure on the charts.
Technical Analysis
The structure leading into the breakout featured three consecutive higher lows anchored at the $2.15 support level, indicating strong dip absorption and the end of the mid-November selling cycle.
Momentum built sharply at 17:00 GMT, with the breakout occurring on an 81% volume expansion—117.7M tokens traded versus the 65M average. This volume profile is characteristic of institutional confirmation rather than retail-driven volatility.
The session printed a clean V-shaped recovery with price moving from mid-session weakness back toward the highs near $2.26.
On the 60-minute chart, the final hour showed aggressive buying bursts (2.1M in a four-minute window), signaling a shift from passive accumulation to active breakout participation.
XRP continues to trade within a right-angled ascending broadening wedge, a pattern typically associated with continuation moves.
As long as price stays above $2.15 and especially above $2.00, the wedge structure supports further upside scenarios into the mid-channel targets around $2.60.
Price Action Summary
XRP climbed from $2.20 to $2.23—up 1.4% over the session. Price spanned a $0.10 range with 4.6% volatility.
Volume hit 117.7M during the breakout phase, up 81% from average, and multiple hourly spikes validated conviction buying. After peaking near $2.26, XRP consolidated above $2.23 with steady support.
In the final 60 minutes, XRP surged from $2.225 to $2.233 before profit-taking settled price near $2.226 heading into the close.
What Traders Should Know
XRP enters the next session with momentum, but upside continuation depends on clearing the $2.25–$2.35 resistance cluster. The $2.15 support remains the key line that determines whether the breakout holds.
ETF flows give a meaningful fundamental anchor beneath price, while technicals show fresh higher-low structure and renewed volume confidence.
A push above $2.26 reopens $2.35 and then $2.60 targets.
A failure to hold above $2.20 risks a retest of $2.15 and the broader $2.00 psychological zone.#WriteToEarnUpgrade #MyCOSTrade