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.

XRP is nearing a weekly death cross as its 20-week exponential moving average approaches a drop below the 200-week simple moving average, putting its next price move in focus. The gap between the indicators is narrowing, with the 20-week EMA at $1.34 and the 200-week SMA at $1.209. Analysts cite past episodes in 2022, 2019 and 2020. Traders are watching $0.8 to $0.9 as the next key support zone.