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.

A chart analysis says XRP could form a bottom in the $0.60 to $0.80 range during the current down cycle. It points to a long-term rising support line on the daily chart aligning with $0.63 to $0.70, making it a likely low if the $1 support level breaks. XRP is down more than 70 percent from its July 2025 record high of $3.66. Trading activity is also concentrated near $0.80 and $0.62, the analysis said.