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Crypto

Signs of XRP buying near $1 point to Wyckoff accumulation phase

XRP remains weak around $1, but analysts say its price action may represent a test phase within a Wyckoff accumulation structure ahead of a potential rise. Weekly charts and on-chain indicators show short-term selling pressure alongside longer-term recovery potential. Whale wallets are accumulating between $1.00 and $1.20, while realized price is cited at $0.75. A break above $1.20 on strong volume is seen as a bullish signal, while a weekly close below $0.75 could invalidate the scenario.

Crypto

Bitwise CIO says bitcoin unfazed by bad news, expects year-end rally

Matt Hougan, chief investment officer at Bitwise, forecast bitcoin will trade at a much higher level by year-end. He said the market has become less sensitive to negative news and that institutional allocations to bitcoin continue to rise. On-chain data from Santiment showed wallets holding more than 10,000 bitcoin rose to 90, up six over eight weeks. Some traders cited rebound potential, while veteran trader Peter Brandt remained cautious.

Crypto

Bitcoin, Ethereum and XRP whale accumulation grows, CryptoQuant calls it late bear market signal

Large investors are continuing to accumulate bitcoin, ethereum and XRP, suggesting the cryptocurrency market is entering the late stage of a bear market, an analysis showed. On-chain analytics firm CryptoQuant said whale buying has increased across the three assets, resembling patterns seen near the end of past downturns. It said supply tends to tighten when long-term holders absorb selling. CryptoQuant added that a final bottom is not confirmed and another decline is still possible.