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

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Lợi thế chính của các quỹ ETF tiền điện tử là khả năng tiếp cận một loại tiền điện tử mà không cần sở hữu, giảm thiểu rủi ro và chi phí giữ tài sản. Một số ưu điểm khác là đường cong học tập thấp hơn và độ an toàn cao hơn cho các nhà đầu tư vì các quỹ ETF chịu trách nhiệm bảo vệ các tài sản cơ bản. Về các nhược điểm chính, nhược điểm lớn nhất là với tư cách là một nhà đầu tư, bạn không thể có quyền sở hữu trực tiếp tài sản, hoặc, như họ nói trong lĩnh vực tiền điện tử, "không phải chìa khóa của bạn, không phải đồng tiền của bạn." Một số nhược điểm khác là chi phí cao hơn liên quan đến việc nắm giữ tiền điện tử vì các quỹ ETF tính phí cho việc quản lý chủ động. Cuối cùng, mặc dù việc đầu tư vào các quỹ ETF giảm thiểu rủi ro giữ tài sản, nhưng sự biến động giá của tiền điện tử cơ bản có khả năng được phản ánh trong phương tiện đầu tư này.

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.

Các chỉ báo kỹ thuật cho thấy động lực mạnh mẽ, với XRP giao dịch trong một hình chóp mở rộng đi lên và nhắm đến việc tăng thêm nếu nó giữ vững trên các mức hỗ trợ chính.
Những điều cần biết:
XRP đã phá vỡ vùng kháng cự $2.20, được hỗ trợ bởi sự đầu tư lớn từ các tổ chức vào các quỹ ETF mới.
Việc ra mắt XRPZ của Franklin Templeton và GXRP của Grayscale trên NYSE Arca đã thu hút 164 triệu đô la, đánh dấu một sự chuyển mình trong việc tiếp cận vốn truyền thống đến XRP.
Các chỉ báo kỹ thuật cho thấy động lực mạnh mẽ, với XRP giao dịch trong một hình chóp mở rộng đi lên và nhắm đến việc tăng thêm nếu nó giữ vững trên các mức hỗ trợ chính.