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Crypto

Bitcoin builds 1.3 million BTC support, weakening resistance as it eyes year high

Bitcoin has entered a zone for another attempt at its year high, with analysis pointing to a large accumulation area near $62,000 that has significantly weakened overhead resistance. On-chain URPD data showed supply was widely absorbed between $61,840 and $63,111, creating a support band where more than 1.3 million BTC changed hands. Analysts see little technical resistance above $65,500 until a potential supply wall near $84,569.

Crypto

XRP whale activity cools, possible retest of $0.90 to $0.94 emerges

Whale transactions worth more than $1 million on the XRP Ledger fell 97 percent in a week, dropping from about 70 to 2, data shared by analyst Ali Martinez showed. The decline coincided with XRP’s price weakening, down more than 6 percent over the past week, while its monthly gain narrowed to about 3.5 percent. A key resistance zone was cited around $1.11, with a demand area at $0.90 to $0.94.

Crypto

XRP risks another 30% drop after breaking $1.06 support, may fall to $0.70

XRP has broken below $1.06, seen as a key support level, raising the risk of an additional 30% decline. Analyst Ali Martinez, citing on-chain data and technical indicators, said the next downside target could be 22 to 32% below current levels. He warned $1.06 may turn into resistance, while daily and weekly charts suggest potential targets at $0.80, $0.62, $0.51 and $0.70.