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XRP's trading volume suddenly surged, with a 54.05% increase surprising the market, and total trading volume broke through $5.76 billion in just one day. This wave of growth didn't stop there; XRP's derivatives trading volume also rose by 51%, reaching nearly $8 billion, raising the question: what exactly happened?
Whales Continue to Accumulate, XRP Bullish Sentiment Heats Up
According to the latest data, large XRP holders (also known as 'whales') are in a state of active accumulation. Specifically, the number of addresses holding between 10 million and 100 million XRP has significantly increased, indicating that these high-net-worth investors have a bullish sentiment towards XRP that continues to heat up. This concentrated buying behavior usually suggests that large market players are preparing for future price increases, intensifying the investment enthusiasm for XRP.

Many investors are anxious and uneasy in the recent downturn in the cryptocurrency market. However, historical experience tells us that market panic often does not last long. As shown by many rebounds in the past, now is the opportunity for projects such as Cardano (ADA) and Solana (SOL) to show their strong comeback.

Cardano (ADA): Upgrade imminent, price could rebound sharply
Cardano (ADA) appears to be gathering strength after a 20% drop over the past 30 days. Although ADA is currently trading at around $0.81, it has gained 3.3% over the past 24 hours, which has brought some confidence to the market.

Today's Technical Analysis
Support and Resistance
The first support level: around 0.014837. This position has served as a support for the price. If it breaks down, it will face greater downward pressure.

The second support level: around 0.014500. If it breaks, it will enter a lower support area.
The first resistance level: at 0.015971. The price is close to this level. If it breaks through, a rebound is likely to occur.
The second resistance level: at 0.016500, which is a strong pressure zone. If it breaks through, it will be possible to resume the rise.
EMA indicator
EMA50 (short-term moving average) is around 0.0153 and the price is currently below it, which suggests that the price may face downward pressure in the short term.

The price of Bitcoin (BTC) has recently been hovering around $98,000. Although it has not yet broken through the $100,000 mark, has the market turned around after a long period of downturn? According to the latest on-chain data, short-term sellers are gradually retreating, which provides a positive signal for the potential recovery of Bitcoin prices.

As short-term sellers retreat, will Bitcoin have a chance to recover?
Bitcoin prices have fallen 6% over the past month and are 10% below their all-time high of $109,000. While overall market sentiment is low, analysts are seeing a weakening of selling pressure from short-term holders, which could be a sign that the market is beginning to recover.

Bitcoin (BTC) held the key support level of $98,000 on February 21, with bulls reaching the highest daily closing price in nearly three weeks, significantly improving market sentiment. As Bitcoin's price steadily rises, traders have begun to predict that the next six-figure target may be within reach.

Bitcoin breaks through a key level, the next step is to welcome six-figure returns.
Data shows that at the close of the latest daily candlestick, Bitcoin settled at $98,330 and continued its upward momentum. This marks that although Bitcoin's price is still fluctuating within a narrow range, it provides traders with much-needed "breathing space."

1. Chart Analysis
Support and resistance levels
First support level: Around 0.75, where the price has bounced multiple times, indicating a certain strength of support.

Second support level: Around 0.7376, if the price breaks below this support, it may further decline.
First resistance level: At 0.8027, the current price is close to this resistance level. If it breaks through this level, a rebound may occur.
Second resistance level: At 0.8307, further upward movement will face this strong resistance level.
EMA Indicator
EMA50 (short-term trend): Currently at 0.7810, which is a key resistance area for the current price. If the price breaks through this area, a rebound may occur.

Amid today’s crypto market recovery, XRP stood out with a 6% daily gain, outperforming other major digital currencies.

Brazil approves the world's first spot XRP ETF: the market sees hope
The surge in XRP prices first stems from a major news from Brazil: the Brazilian Securities and Exchange Commission (CVM) officially approved the world's first spot XRP exchange-traded fund (ETF). This is a heavy endorsement of XRP and may also open a new chapter for ETF products in the global crypto market.
This approval is a huge boost to XRP, as it marks an important milestone in XRP's gradual move toward the mainstream investment market. At the same time, several well-known crypto asset management companies, such as Grayscale, Bitwise, 21Shares, etc., have also planned to launch similar products in the United States. It is expected that the U.S. Securities and Exchange Commission (SEC) will make a key decision in the next few months.

Solana (SOL) long-term investors seem to be experiencing a psychological battle amid the volatility of the crypto market. Although SOL has broken out of a bullish inverted head and shoulders pattern, and the technical side seems to be showing signs of recovery, the underlying Net Unrealized Profit of Long-Term Holders (NUPL) indicator is sending a cautious signal, suggesting that market sentiment is still nervous.

NUPL indicates growing anxiety among long-term investors
Solana’s NUPL value continues to fluctuate between 0.4 and 0.6. Although some investors have begun to make profits, the lower limit of 0.4 reveals concerns about potential losses. This means that although the overall market has not entered a loss range, investors are clearly uneasy about future price movements.