Alarm sounded! Ethereum (ETH) is about to explode, XRP is set to fly, and the altcoin season is taking off across the board?!
🎉【ETH leads the charge! The altcoin awakening season is online, and memecoins are being sidelined?】🌋 Have you noticed that the crypto world, which seemed to be hibernating for a whole June, suddenly 'woke up' in July, as if someone slapped the altcoins awake and said, 'The bull market isn’t over, get up!' Sure enough, SEI, SUI, XRP, and even big brother Ethereum (ETH) have all started to become restless. Yes, the altcoin season has truly arrived. But this wave is different from before—most of the altcoin surges you saw before were led by meme coins, like dogs, frogs, and hats, doubling at a whim. This time? No tricks, Layer-1s are standing up on their own!
Recently, the price of TAO has become active again, currently approaching the important short-term resistance area of $317 to $330. In simple terms, this is a key threshold where 'it gets stuck if it can't break through, and it takes off if it does.'
What will happen if TAO breaks through $330? From the 4-hour chart, TAO's strength is increasing: The RSI is at 62: slightly strong, but not yet in the 'overheated' zone, indicating that there is still room for upward movement. The $276 support is solid as a rock: bulls have repeatedly prevented the price from falling below, showing strong bottom strength. The MACD is turning strong: indicating that upward momentum is slowly increasing. If TAO successfully stands above $330, it may directly rush to $360 in the short term. And when the price returns to the $400 to $420 range, it means that TAO's medium-term trend has returned to a strong zone, with the potential to open up the high area of $520 that was previously reached.
In a nutshell: $330 is the first gate, $420 is the 'acceleration gate,' and $520 is the potential target area.
Daily chart: the trend is quietly improving The daily chart also provides good signals: The RSI is only 46.9: not high at all, giving bulls ample room to build strength. The MACD has turned bullish: indicating that the market may slowly shift from consolidation to upward movement. TAO is currently still in a structure where it has often made big moves historically, and combined with recent token economic events, the probability of a breakout is higher than before.
Recently, the price of Ethereum (ETH) is standing at a very critical 'bottom area'. In simple terms, whether the defense line of $3000 to $3100 can be maintained will determine whether ETH rebounds or continues to fall.
Whales collectively go long: this time it's serious. The biggest highlight comes from the whales—those big players with a lot of capital and a high win rate. According to on-chain data: BitcoinOG (1011short): holds 54,277 ETH long, worth about $169 million. Notable whale against CZ: goes long on 62,156 ETH, worth about $194 million. pension-usdt.eth: goes long on 20,000 ETH, worth $62.5 million, currently making a profit of about $16.3 million.
The three large holders all chose to go long on ETH at the same time, and their positions are quite large, which indicates: they all believe ETH will stabilize and rebound here.
Spot buyers are also supporting the market. Not only the whales, but regular spot buyers are also actively buying in the $3000 to $3100 area, turning this into a strong short-term support zone for ETH.
Analysts point out: If ETH falls below $3000, it may drop another 8–10% in the short term, so the bulls will do their utmost to defend this price level.
Technical indicators: tense but favorable for bottoming. Current indicators show that ETH is in a 'stable but sensitive' phase: RSI neutral: indicating a temporary balance between bulls and bears. MACD flat: selling pressure is weakening, and the market is not worsening. CMF turns positive: funds are starting to flow back into the market, which is beneficial for price stability. Bollinger Bands oscillating near the midline: a typical 'sign of stabilization'.
After several weeks of decline, all these data point to one conclusion: Ethereum is attempting to form a bottom, and market sentiment is slowly recovering.
Zcash (ZEC) has recently performed quite well. In the past 24 hours, it has risen by 13%, currently priced around $418. Over the week, it has accumulated a 24% increase, making it one of the strongest mainstream coins in recent trends.
🔹 Breakthrough at $407: From resistance to support ZEC has successfully broken through the important price level of $407. This was originally a resistance level that was difficult to surpass, but after a strong rally, it has now become a new support area. For traders, this means the short-term trend still leans towards upward, as long as the price remains stable above $407, the market stays healthy.
🔹 Next step: Price is approaching strong resistance The next significant resistance is around $472, corresponding to the Fibonacci 0.382 retracement level. Simply put: This is a sensitive area where "the price may hesitate, pause, or even pull back." If ZEC can successfully break through this position, the next targets may see two key price levels: $525 $616 Both of these areas have previously experienced stagnation or reversal, so the market will pay close attention when they are reached again.
🔹 The confidence of the rise: Trend support remains solid The 50-period moving average (mid-term trend line) for ZEC is around $357, which corresponds to the market's "central line." The price is currently well above this support, indicating that the overall trend remains strong, and any pullbacks have a reliable "safety cushion."
🔹 RSI close to overbought: Strong momentum but may need a breather Currently, the RSI value is at 69, close to the "overbought" range. A high RSI does not necessarily mean a drop is imminent, but it usually indicates that the price has risen too quickly in the short term and may slow down slightly before determining the next direction.
The recent price trend of Dogecoin has shown a very typical and crucial technical formation — a symmetrical triangle. Simply put, the price of Dogecoin is oscillating between increasingly higher lows and increasingly lower highs, with the range becoming narrower, as if it is being squeezed by two trendlines. This usually indicates that: either it is preparing to break upward, or it is preparing to go down, but the direction will soon be revealed.
🔹Key Levels: $0.14 support & $0.15 resistance Currently, Dogecoin is gaining support near $0.14, while the upper level of $0.150 is the most watched resistance by the market. If the price can firmly hold at $0.14 and break through $0.150 to $0.157, the trend could have a chance to shift from a downward structure to an upward one. Analysts believe that when Dogecoin's triangle is "compressed to the later stage," the probability of a breakout will significantly increase, especially when buy orders pick up and trading volume rises; this often signals a breakout.
🔹Declining Trading Volume: The calm before the storm? Data shows that the open contract volume related to Dogecoin has decreased from over $6 billion in November to about $1.34 billion now. The shrinking trading volume indicates that everyone is on the sidelines, but this is also a typical characteristic of a mature triangle formation — it usually becomes very quiet before a breakout. If Dogecoin can break through $0.1570 (close to the 200-day moving average), analysts have set a target price of $0.1620, and it could even reach $0.1710.
🔹What if it breaks below support? If the price breaks below $0.1400, it may retest $0.1330, which would indicate that the triangle has broken downward, and the short-term trend would weaken.
As of now, the price of Ripple (XRP) is $2.05, down 1% in the past 24 hours, but still up 2% over the week. The price is currently stuck at a very critical position — this may determine whether XRP continues to rise or re-enters a downtrend.
🔹 $2.04: The most important short-term support level Analyst CasiTrades pointed out that XRP has been supported multiple times around $2.04, which coincides with the large-scale 0.5 Fibonacci retracement level, indicating that a significant amount of capital is buying here. During the weekend, the price fluctuated around this level but never broke below it, suggesting that the bulls have temporarily held the fort. As long as XRP can stay firmly above $2.04, overall market sentiment remains bullish.
🔹 If it holds above $2.04, what's the next step? If buying pressure continues to strengthen, analysts believe XRP's next target prices are: $2.41 (main short-term resistance) $2.65 (stronger target level) These two price levels may attract more traders to try to go long.
🔹 What if it breaks below $2.04? Then caution is advised, as the downward targets may see: $1.73 $1.64 These two levels also correspond to significant Fibonacci support, serving as a stronger "safety cushion." In other words, the market is still "choosing a direction," and both upward and downward possibilities have not been ruled out.
🔹 Signals revealed by technical indicators The RSI (Relative Strength Index) has broken through the previous downtrend line and is currently around 56. This usually means: The market's weakness is diminishing If buying pressure increases, momentum could significantly strengthen Favorable for the price to continue rebounding.
Recently, the price of XRP has rebounded from $2.060 and is currently above $2.080, but the upward potential is still constrained, making it difficult to break through the resistance level of $2.10 in the short term.
From a technical perspective, XRP's current price is above $2.050 and also above the 100-hour simple moving average, indicating that short-term bullish momentum is building. At the same time, the hourly chart shows that the price is running along a descending trend line, with resistance around $2.0850, and each approach to this level may encounter selling resistance.
If XRP can stabilize above $2.10 and effectively close above this resistance, the price may gain further upward momentum, opening up the next wave of upward space. Conversely, if the breakout fails, the price may continue to consolidate in the range of $2.06 to $2.08, with short-term fluctuations persisting.
Overall, XRP is currently in a phase of low-level rebound and gradual stabilization, with solid support but obvious resistance above. Short-term investors should pay attention to the key resistances between $2.0850 and $2.10, as well as the support level of $2.06, to determine whether the price will continue to advance or maintain a volatile consolidation.
In simple terms, XRP has stopped falling and is rising, but a real upward trend requires a breakout above $2.10 to confirm bullish momentum; otherwise, there may still be a possibility of consolidating at low levels while waiting for new market catalysts.
Today, XRP's trading reached a critical moment. The price quickly fell from $2.03 to $2.00, during which the trading volume surged to 129700000 shares, 251% higher than the average level over the past 24 hours. This indicates significant selling pressure in the market, but more importantly, institutional buyers are actively absorbing chips at this psychological low point in preparation for a future rebound.
Indeed, XRP swiftly rebounded from $2.00 to the range of $2.07 to $2.08, displaying a typical V-shaped rebound, proving that there is active buying at this price level. On the intraday chart, XRP continues to form higher lows, indicating that the downward momentum is weakening and the market trend may gradually recover.
However, XRP has still not broken through the resistance area of $2.08 to $2.11, with multiple attempts being suppressed, which means there are still many sell orders waiting to take profits above. Technical indicators show a bullish divergence, suggesting that the rebound may continue, but a real breakthrough requires a significant increase in trading volume during the rise, rather than just an increase in volume during the decline.
Overall, XRP's trading today fluctuated within the range of $2.00 to $2.08. Three attempts to break the $2.08 resistance were unsuccessful, but the price stabilized above the range of $2.06 to $2.08 before the close, indicating that the support level is playing its role. In the short term, the price is still tightening within the range, and the market is awaiting new catalysts to drive the next significant rise.
In other words, XRP is accumulating at low levels, steadily building up, and bullish strength is gradually increasing. However, to form a sustainable breakthrough, more buying needs to enter the market to truly push the price higher.
Today, Dogecoin (DOGE) consolidated within a narrow range of $0.1406 to $0.1450 throughout the day, forming a compression pattern with tightening prices. This type of trend usually indicates that the market is accumulating energy, and a larger wave of volatility may be on the horizon.
DOGE has rebounded three times near the $0.14 support level, showing active buying below the range. Each time the price has fallen, the selling volume has decreased, which is a positive signal that an upward trend may be forming. In other words, bulls are quietly accumulating positions in preparation for the next rebound.
From the hourly chart, during the period from 03:19 to 03:22 GMT, the price briefly fell to $0.1405 and then quickly rebounded, solidifying the day's rising support line. This indicates that the price is effectively supported at lower levels, and selling pressure is limited.
In terms of technical indicators, the MACD curve is converging towards a bullish crossover, coupled with a contracting range and the emergence of higher lows, indicating that the market is in an early accumulation phase rather than a distribution phase. In other words, bullish strength is slowly increasing.
In terms of price performance, DOGE slightly rose from $0.1405 to $0.14155, with an increase of about 0.81%. Volume performance is also impressive: at 01:00 GMT, the trading volume reached 465,900,000 shares, which is 68% higher than the 24-hour average, showing that institutional investors are actively participating near the lower range.
Despite multiple tests of the $0.140 to $0.141 range support, DOGE remains structurally solid, while the resistance level at $0.145 has not yet been broken during the trading period. Overall, Dogecoin is currently in a stage of steady accumulation, waiting for a breakout. Short-term bulls may soon find opportunities, but investors still need to pay attention to changes in key support and resistance levels.
Recently, Dogecoin (DOGE) has seen a price rebound after breaking through $0.140, with short-term bulls active. However, the current price is facing resistance around $0.145, making it challenging to continue a significant rise in the short term.
From a technical perspective, Dogecoin has stabilized at the key price level of $0.140 and is above the 100-hour simple moving average, indicating a relatively positive short-term upward trend. The chart shows that a clear upward trend line is forming on the DOGE/USD hourly chart, with current support around $0.1405, which is very crucial for the bulls. As long as the price does not drop below this support, the bulls still have a chance to maintain the upward movement.
However, potential downside risks need to be considered. If the price continues to decline and falls below $0.140, or even breaks below the $0.1380 support, the downward trend may expand, and the price could test lower levels in the short term. This means that bulls need to proceed with caution, while bears may gain strength when the support is breached.
In simple terms: Dogecoin is trying to stabilize at $0.140, with short-term rebound opportunities, but the resistance around $0.145 is quite strong. Falling below the key support could trigger a new pullback. For ordinary investors, paying attention to support and resistance levels, as well as whether the price stabilizes on the trend line, is key to judging the next price movement.
Recently, the price of Ethereum (ETH) has begun a new round of increases, currently stabilizing above $3,050. This indicates that bullish sentiment is strengthening, and the market is expected to continue to strengthen in the short term.
After breaking through the key points of $3,020 and $3,050, ETH has shown upward momentum, with the current price already above $3,075 and the 100-hour moving average, indicating that buying pressure is dominant in the short term.
From the chart, the ETH/USD hourly chart is forming a short-term contracting triangle, with resistance around $3,150. Simply put, the price is continuously tightening, and it may choose to either break upward or pull back for consolidation at any time.
If ETH can successfully break through $3,180 and stabilize above, the upward trend may continue, giving bulls the opportunity to push the price even higher.
In summary, Ethereum is currently in a phase of upward consolidation: short-term consolidation is meant to build momentum, and after breaking through key resistance, a new wave of upward movement may come. For investors, paying attention to the breakout situation in the $3,150–$3,180 range is an important basis for judging the next trend.
In the past few days, the price of Dogecoin has been fluctuating between $0.13 and $0.14, with very little volatility. Although it hasn't risen much, the decline has clearly slowed down, feeling like it is finally trying to "steady its footing" after being continuously hammered down.
A well-known crypto analyst, Tardigrade, recently shared an important signal on the X platform: the three-day MACD indicator for Dogecoin is approaching a golden cross. This signal has appeared twice in the past year, each time leading to significant price increases.
In simple terms, a MACD golden cross occurs when the blue line breaks above the red line, usually indicating a weakening of downward momentum and the potential for a price increase to begin. Currently, the blue line is very close to the red line, just a step away. This is why, despite Dogecoin's price not moving much in the past two days, the chart has become even more important—because the longer it consolidates, the more it often indicates a contraction in bullish and bearish forces, preparing for the next big market move.
So, if a golden cross does appear, where could Dogecoin rise to? According to the analyst's chart, the two previous three-day MACD golden crosses before 2025 both led to noticeable increases: April golden cross → DOGE rose from $0.14 to $0.26 July golden cross → DOGE rose from $0.16 to $0.30
The current pattern is almost identical to those two instances, leading many traders to believe that Dogecoin may be brewing another round of upward movement. The analyst even drew a predicted path of an "ascending arc," suggesting that Dogecoin's next move might not just be a small increase, but rather a new round of structural growth.
According to his target prediction, if this golden cross is confirmed, Dogecoin has a chance to surge towards $0.35 in the coming weeks, over double the current price.
To summarize: Dogecoin is currently in a "quiet but critical" phase. As long as the MACD golden cross formally forms, the market may become active again. If there is no golden cross, it may continue to consolidate or slightly retrace. The next 2 to 3 days will be a key observation period.
Bitcoin has been struggling to hold above $92,000 recently, but after rising, the momentum is clearly lacking, and it has begun to enter a phase of sideways consolidation with controlled fluctuations. In simple terms, it means that the bulls are not strong enough, and the bears do not have complete dominance; the market is waiting for a new direction.
In the past, Bitcoin encountered pressure around $92,500, and the price was pushed down from there, resulting in a slight pullback. Currently, Bitcoin has returned below $91,000 and has also broken below the commonly used short-term indicator — the 100-hour moving average, which indicates that the short-term trend is somewhat weak.
From the market chart, BTC/USD is forming a contracting triangle, with a key support level at $90,000. This structure usually represents that the market is 'holding direction,' with price fluctuations becoming smaller, but a breakout or breakdown could occur at any time.
For beginners, it can be understood as: ➡️ Bitcoin is like preparing for a race, ready to suddenly accelerate at any moment.
The next key points for Bitcoin are only two:
1. bullish route: break above $92,500 If Bitcoin can re-establish itself above $92,500, then the bulls will regain dominance, and there will be an opportunity for the price to continue rising, even challenging new highs.
2. bearish route: break below $89,500 If Bitcoin breaks below $89,500, then caution is warranted, as this would trigger more selling, and Bitcoin might face a larger pullback, with the short-term trend turning weaker.
In the past few months, XRP has been moving down along a clear downward channel. Simply put, as long as the price stays within this channel, the overall trend remains bearish. However, there has been a bit of good news recently: the price of XRP is approaching the upper edge of the channel, which usually indicates that "the downward trend may be nearing its end."
But the reality is also quite stark—breakouts require volume, and the market hasn’t seen decent buying for several weeks. If no one is willing to buy in, even the best breakout patterns are just empty promises.
From a short-term perspective, XRP's movement has shown some improvement. It has consistently held the lower edge of the channel and has begun to exhibit a "higher low" pattern. For newcomers, this means that selling pressure is not as strong as before, and the market is no longer in a panic-selling phase. However, it is still a way off from a true reversal, with the RSI stuck around 40, indicating a weak market that is stabilizing.
Currently, XRP remains below the major moving averages (20/50/100/200 days), which suggests that the larger trend is still bearish, but the rate of decline has noticeably slowed. If XRP can truly break through the upper edge of the downward channel in the future and close above the trend line (usually near the 20-day or 50-day moving average), it would signify that the bear market environment is beginning to loosen, and market sentiment may shift from "passive decline" to "quiet accumulation."
However, it is important to note: just pushing the price up is not enough. A breakout without volume is likely to turn into a false breakout, shooting up only to fall back down. So the current state is: the pattern is developing in a direction favorable to bulls, but the breakout has not yet truly formed.
In summary, XRP is currently building a bottom but has not yet reversed. Bulls are accumulating strength, closer to a turnaround than in the past few weeks, but whether or not it can break out ultimately depends on whether volume can keep up. The next few days to weeks will be a critical observation period.
Although Shiba Inu Coin (SHIB) has shown some signs of recovery recently, it is still too early to say that it has entered a bull market. The current trend resembles a period of stabilization after a long decline, rather than a full reversal.
The most obvious positive signal at the moment is that SHIB is no longer setting new lows. Since it bottomed out around $0.0000080 in November, the price has repeatedly shown 'higher lows', indicating that selling pressure is weakening and bears are finding it difficult to push the price down further.
In the short term, the 20-day and 50-day moving averages are starting to flatten, which usually suggests that the market is entering a phase of 'sideways consolidation', with bearish strength diminishing as the market tries to find a bottom. However, it is important to note that SHIB is still below the long-term moving averages like the 100-day and 200-day, which remain downward, so the overall big trend is still bearish.
More critically, the market has not yet seen the kind of 'volume surge' that typically accompanies a breakout. This means that although the price is slowly climbing, the buying power is not strong enough, and the number of participants is limited, making sustained increases difficult.
So how might SHIB move next? A mild rebound in the short term is possible. If it can regain the 50-day moving average near $0.0000090, there is a chance to further challenge the range of $0.0000098 to $0.0000105. This is a relatively strong resistance zone, and only a successful breakthrough here would be considered a true first step towards a 'potential bull turn'.
Before that happens, investors should maintain realistic expectations—more likely a slow recovery rather than a surge. The current market is in a phase of 'quiet accumulation', and this kind of trend usually takes time to ferment.
Bitcoin has recently rebounded from $78,000, looking like it is back on an upward trend: with higher lows, steadily rising prices, and the RSI climbing out of the oversold zone. On the surface, the trend does seem quite 'healthy'. However, upon closer inspection, this wave of growth is somewhat 'strong on the outside but weak on the inside'.
The biggest problem: decreasing trading volume For Bitcoin to challenge the important psychological barrier of $100,000, a significant influx of buying is needed; the more it rises, the more buyers there should be. But the current situation is: Prices are rising But trading volume is declining
This indicates that buyers are not truly entering the market actively; instead, the market is in a state where it can 'rise with a gentle push'. Such a rise can easily be reversed because there is no strong support.
The technicals also provide a warning Bitcoin is currently below several key moving averages (50-day, 100-day, 200-day), and these moving averages are all trending downwards. In simple terms: The overall trend remains weak It will be difficult to break through the resistance zone of $98,000–$103,000 Without a significant influx of new funds, these price levels are unlikely to be breached This is a typical 'bear market rally'.
Structurally, the current rise resembles a brief rebound in a bear market: The trend looks good, but lacks momentum Market participation is insufficient Buyer confidence is lacking.
Although the current upward trend line is still valid, as soon as a clear wave of selling occurs, this trend line could be broken, triggering a deeper correction.
Summary Bitcoin is indeed rising now, but it lacks solid backing, characterized as a 'fragile rise'. If there are no more buyers entering the market in the future, this rebound may end soon, and there could even be a more pronounced decline again.
In the past week, Dogecoin (DOGE) has not performed well, dropping about 7% in price over the week, now hovering around $0.13, with a further decline of about 5% in the last 24 hours. Although the short-term trend is weak, many analysts believe: the large-scale structure of Dogecoin remains stable and is actually getting closer to a "key turning point".
Long-term direction: $0.50 is the most critical "lifeline" The judgment given by experts is very simple: As long as Dogecoin breaks through the super resistance zone of $0.48–$0.50, the long-term bullish structure can be truly confirmed. Once broken, the first major target is directly $1.88. Why is this so critical? Because since the big surge in 2021, Dogecoin has been following a super large-scale "expanding triangle". The price is now close to the long-term support below, which means the probability of "not being able to fall further and preparing for a reversal" is getting higher.
Technical indicators are cheering for Dogecoin Several key technical signals are gradually improving: The weekly level cup and handle pattern is basically formed, which often represents "the buildup before a super big market" in technical analysis. RSI has returned to the neutral area around 50—before the big surge in 2021, RSI was also in a similar position. MACD (weekly, monthly) is close to a golden cross, indicating that the trend may reverse.
These signals combined mean: "The long-term structure is still there, and the market could restart at any time." If it breaks through $0.50, good things may happen.
The potential target prices given by analysts are divided into three steps: $0.72–$0.88 (first stage pressure) $1.80–$2.20 (mid-term target) $4–$6 (long-term extreme target, requires the market to be very optimistic) This means that the current price may still be in a "super long buildup zone".
There are also rebound signals in the short term The 4-hour chart shows that Dogecoin may be forming an inverse head and shoulders pattern. This is a typical reversal pattern, indicating that the decline may be coming to an end. As long as it breaks through the small resistance level in the short term, it could lead to a rapid rebound.
In the past week, large holders (also known as 'whales') have transferred a total of 510 million XRP, causing the entire market to become tense. On-chain data shows that the amount of XRP held by whales is significantly decreasing, which usually indicates that the market may soon experience a major movement.
Why are whales important? Analyst Ali Martinez pointed out that large wallets holding 1 million to 10 million XRP have seen their holdings decrease from 6.5 billion to 3.84 billion from September to December. In simple terms: large holders have been selling, and they have sold a lot. This continuous selling has also caused the price of XRP to decline. Earlier data indicated that 140 million XRP had flowed out of or been sold from large wallets in the short term, proving that large holders are indeed reducing their positions.
Technical aspect: Key triangle pattern nearing its end On the 1-hour chart of XRP, a 'symmetrical triangle' has been forming for several weeks. The price has been oscillating between $2.34 and $1.99, and now XRP is approaching the tail end of the triangle, with a trading position around $2.05. This pattern indicates: price compression, and a trend reversal is imminent, either a big rise or a big drop.
Martinez's judgment is: A breakout is about to happen, and the volatility could reach 16%. If there is an upward breakout, where will it rise to?
The upward target focuses on: $2.38–$2.40 This is the upper target area of the triangle pattern and also the previous resistance zone.
If it breaks downwards, where will it fall to? Downward range: $1.72–$1.75 This is the support area measured after the triangle's downward breakout.
Recent data shows that traders are generally leaning towards shorting mainstream cryptocurrencies, but the shorting of XRP is particularly exaggerated. Bitcoin has been shorted by $131 million, Ethereum by $110 million, and SOL also has $34 million in short positions. However, XRP is especially extreme—there are $15 million in short positions, while long positions only amount to $600,000, with a short ratio close to 96%, almost a 25:1 disparity.
In simple terms: the market's sentiment towards shorting XRP is the most extreme.
But strangely, even though it's being heavily shorted, XRP's price hasn't collapsed; instead, it has stabilized around $2.08, with a 1.79% increase in the past 24 hours. This indicates that the spot buying is still very strong, supporting the price from being driven down by shorts.
Many analysts believe that the key force behind this is the continuous buying of the XRP ETF. Data shows that the XRP ETF has attracted nearly $900 million in inflows for 15 consecutive days. Major institutions are also buying: Canary Capital: $363 million Grayscale GXRP: $212 million Bitwise: $187 million Franklin: $134 million
Such concentrated buying has led many to believe that XRP may experience supply tightness, thereby driving prices up suddenly.
However, strangely, traders in the futures market completely do not believe that an increase will come, thus the short positions keep piling up. Crypto AI founder Leo Simpson warns that this kind of unidirectional extreme shorting structure is often very dangerous, because as soon as any positive news appears, it could trigger a "short squeeze," causing prices to surge unexpectedly and catch shorts off guard.
In the past 24 hours, the total liquidation amount of XRP was $9.71 million, with both longs and shorts incurring losses, but the increase in short positions remains the most noticeable signal.
Now the market's focus is on one question: Will the shorts be able to crush XRP, or will XRP suddenly surge, triggering an unexpected "short explosion"?
Recently, the price trend of XRP is slowly tightening, forming a symmetrical triangle pattern, which indicates that volatility is decreasing and the price is accumulating energy. Over the past week, XRP's price has fluctuated between $2.03 and $2.18, with the range becoming smaller, which is usually a signal that the price is about to experience significant volatility.
The technical analysis shows that if the XRP price breaks through the upper boundary of the triangle, there may be upward space opened in the short term, with a target price of $2.40–$2.45. In other words, once the bullish momentum becomes strong, XRP has a chance to welcome a noticeable rebound.
In addition to technical indicators, the behavior of investors in the market also supports the potential upward breakout of the price. For example, continuous inflow of ETF funds, a decrease in XRP supply on exchanges, and some large whale investors beginning to increase their holdings all indicate that the buying power in the market is strengthening, providing support for the upward movement.
Of course, there are always risks in the market. If the price does not break through the upper boundary but instead falls below the support level of $2.02, it may trigger a pullback, with a short-term target possibly in the range of $1.85–$1.90. This means that attention to stop-loss is necessary when operating, and it is important to control positions reasonably and avoid chasing highs.
In summary, XRP is currently in a phase of technical tightening, where a market change could happen at any time. The key is whether it can break through the upper boundary of the triangle; if it breaks through, it may hit $2.40–$2.45; if it falls below $2.02, caution should be exercised regarding the risk of a short-term pullback. For newcomers in the crypto space, it is advisable to focus on support and resistance levels, combined with market capital flows and the movements of large holders to assess short-term opportunities, while ensuring risk control.