Bitcoin (BTC) must hold the $114,000 level to attract investors’ confidence and new liquidity to breach the narrow $110,000-$116,000 range.

According to a Sept. 11 report by Glassnode, BTC has been stuck in the “air gap” range following its mid-August peak. The trading range threatens to stall the current rally.

In the current landscape, Bitcoin faces mounting pressure from conflicting forces as recent buyers realize losses while earlier investors take profits.

The report noted three distinct investor cohorts shaping current price action. The first are top-buyers over the past three months holding positions near $113,800, while the second consists of dip-buyers clustering around $112,800.

The third cohort, comprising short-term holders from the past six months, is anchored near $108,300, creating defined support and resistance zones.

The rebound from $108,000 exposed underlying market stress. Seasoned short-term holders realized approximately $189 million in daily profits, representing 79% of all short-term holder gains. The investors who bought during the February-May dips used recent strength to exit positions profitably.

Loss realization weighs on recovery

Recent top buyers compounded selling pressure by realizing daily losses of up to $152 million during the same period. This behavior mirrors stress patterns observed in April 2024 and January 2025, when peak buyers capitulated under similar circumstances.

Net Realized Profit as a share of market cap peaked at 0.065% during August’s rally before trending lower. While current levels remain elevated, the metric suggests inflows provide diminishing support compared to earlier phases of the cycle.

US spot exchange-traded funds (ETFs) net flows dropped sharply since early August, hovering near 500 BTC daily, compared to the robust inflows that fueled previous rallies.

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The slowdown removes a critical pillar of institutional demand that drove Bitcoin’s ascent through 2024.

Derivatives providing stability

With spot flows weakening, derivatives markets assumed greater importance in price formation. Volume Delta Bias recovered during the bounce from $108,000, indicating seller exhaustion across major futures venues, including Binance and Bybit.

The 3-month annualized futures basis remains below 10% despite higher prices, reflecting measured demand for leverage without speculative excess.

Perpetual futures volume stays muted, consistent with post-euphoric market phases rather than aggressive speculation.

Bitcoin options open interest reached record highs as institutions increasingly use derivatives for risk management through protective puts and covered calls. Meanwhile, implied volatility continues to decline, signaling market maturation and reduced speculative positioning.

With these metrics as a backdrop, reclaiming $114,000 decisively would restore top-buyer profitability and attract fresh institutional capital.

Failure to hold this level risks renewed pressure on short-term holders, with $108,300 and ultimately $93,000 serving as critical downside targets where major supply clusters await.

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Bitcoin (BTC) trades within a consolidation range between $104,000 and $116,000, with on-chain data revealing critical levels that could determine the next directional move.

According to a Sept. 4 report by Glassnode, Bitcoin entered a volatile downtrend following its mid-August all-time high, declining to $108,000 before rebounding toward current levels.

The UTXO Realized Price Distribution shows investors accumulated dursng the pullback, filling the $108,000-$116,000 “air gap” through consistent dip-buying behavior.

The current trading range corresponds to the 0.85 and 0.95 quantile cost basis levels, ranging from $104,100 to $114,300. Historically, this zone acts as a consolidation corridor following euphoric peaks, often producing choppy sideways markets.

Breaking below $104,100 would replay post-ATH exhaustion phases seen earlier this cycle, while recovery above $114,300 would signal renewed demand control.

Short-term holder trends

Short-term holders face mounting pressure within the range, with their profit percentage collapsing from above 90% to 42% during the decline to $108,000.

The sharp reversal typically triggers fear-driven selling from recent buyers before seller exhaustion enables rebounds.

Currently, over 60% of short-term holders have returned to profit, representing a neutral positioning compared to recent extremes.

Only sustained recovery above $114,000-$116,000, where over 75% of short-term holder supply would achieve profitability, could restore confidence necessary to attract new demand.

Futures market funding rates are sitting at $366,000 per hour, positioned neutrally between the established $300,000 baseline and overheated levels exceeding $1 million seen in March and December 2024.

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Further compression below the threshold would confirm broader demand deterioration across derivatives markets.

TradFi demand contraction

Spot exchange-traded fund (ETF) flows reveal weakening institutional demand from traditional finance (TradFi) channels.

Since April, Bitcoin ETF inflows have averaged over 3,000 BTC daily but cooled through July to the current 14-day average of just 540 BTC. The contraction mirrors similar patterns in Ethereum (ETH) ETFs, where inflows dropped from 56,000-85,000 ETH daily to 16,600 ETH.

Bitcoin ETF flows significantly outweighed CME futures positioning changes, indicating TradFi investors primarily expressed directional demand through spot exposure rather than derivatives strategies.

This differs from Ethereum markets, where CME open interest changes represented over 50% of cumulative ETF inflows, suggesting greater use of cash-and-carry arbitrage strategies.

The range-bound trading follows Bitcoin’s third multi-month euphoric phase of the current cycle, characterized by overwhelming price momentum pushing the majority supply into profit.

Such periods require persistent capital inflows to offset continuous profit-taking, a dynamic that has historically proved unsustainable in the long term.

Breaking below $104,000 risks triggering post-ATH exhaustion, with a potential downside toward the $93,000-$95,000 levels, based on previous cycle patterns.

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Market Structure Signals Growing Vulnerability

According to @Crypto_TheBoss in a recent market update, Bitcoin dominance has slipped below the 60% support level, signaling a notable change in market dynamics. This breakdown points to a weakening grip for Bitcoin as capital flows begin to diversify into other areas of the crypto market. Moves like this often act as early signals of potential altcoin strength, as traders look beyond Bitcoin for opportunities.

The analyst noted that Bitcoin dominance has bounced from the 58% area, showing that some buying pressure emerged to defend the level. This bounce highlights temporary stability, but it does not yet confirm a recovery. Instead, it reflects a cautious response from the market, where buyers are attempting to prevent further declines while broader sentiment remains uncertain.

Looking ahead, @Crypto_TheBoss explained that if the 58% level fails to hold, Fibonacci retracement zones could act as key areas of support. Losing this support would deepen the bearish outlook and likely accelerate capital rotation into altcoins, shifting momentum away from Bitcoin’s leadership in the market.

Positive And Negative Technical Signals

@Crypto_TheBoss went on to highlight that the bounce from support shows buyers stepped in and temporarily halted the downside pressure. This kind of reaction often reflects how market participants are still willing to defend critical levels, even when sentiment leans toward caution. By holding above support, Bitcoin dominance was able to avoid a deeper immediate drop, though uncertainty still lingers.

The analyst further emphasized that Fibonacci levels are widely used in technical analysis as reliable support and resistance zones. For Bitcoin dominance, the Fibonacci structure provides a technical roadmap, guiding market participants on where the price may either stall, reverse, or accelerate if another leg lower unfolds.

In a negative scenario, @Crypto_TheBoss cautioned that losing the 58% support could trigger stronger selling pressure, pushing dominance further down. A breakdown below this level would not only signal structural weakness but also reinforce the narrative of Bitcoin losing its edge in market control. 

Such a scenario is often interpreted as a sign of capital rotation into altcoins. As Bitcoin dominance decreases, investor attention tends to shift toward alternative cryptocurrencies, sparking renewed activity and potentially driving sharp moves in the altcoin sector. This rotation could set the stage for fresh momentum in altcoins, particularly if Bitcoin struggles to quickly reclaim its lost ground.

Bitcoin (BTC) trades in a precarious position near $112,000, caught between key technical levels that could determine its next major directional move following a pullback from the $124,000 all-time high reached two weeks ago.

According to an Aug. 27 report by Glassnode, BTC faces immediate resistance at $113,700, which aligns with the three-month cost basis of recent investors.

Potential sell pressure

Any bounce attempt will likely encounter selling pressure from short-term holders seeking breakeven exits after being pushed into unrealized losses. The one-month cost basis sits higher at $115,600, creating an additional resistance layer that could cap recovery attempts.

More concerning for bulls, the critical support level rests at $107,000, representing the six-month cost basis threshold. As of press time, Bitcoin is priced at $112,206.57.

A sustained breakdown below this zone risks triggering fear among newer market participants and could accelerate downside momentum toward the $95,000-$93,000 region, where historical analysis suggests potential bottom formation.

The Cost Basis Distribution Heatmap reveals a thick cluster of supply between $93,000 and $110,000 that has been forming since December 2024. This accumulation zone has provided resilience above $110,000 but also represents the logical target area should selling pressure intensify.

Statistical analysis of four-year bands indicates prior bearish drawdowns typically found lows around one standard deviation beneath short-term holders’ cost basis, supporting the $95,100 projection.

Investors show indecision

The current market structure indicates that Bitcoin has experienced an 11.4% drawdown from its peak, which remains modest compared to historical mid-cycle corrections that typically exceed 25%.

The Relative Unrealized Loss stands at just 0.5%, far below the 30% levels typically associated with deep bear phases. This metric suggests that the broader market has yet to experience severe stress.

However, sentiment indicators point to mounting pressure. The Spent Output Profit Ratio hovers near neutral at 1.0, indicating that investors are neither realizing significant gains nor losses.

Perpetual futures markets have shifted decidedly bearish since July, with Cumulative Volume Delta showing sustained sell pressure across major exchanges, including Binance and Bybit.

Spot market sentiment has shifted from the strong buying pressure observed in April, which fueled the rebound from $72,000. Funding rates remain near 0.01% across exchanges, indicating a fragile equilibrium where even modest sell pressure could quickly shift sentiment bearish.

Bitcoin’s technical setup presents a binary outcome. Any relief rally faces formidable resistance at $113,700, while losing the $107,000 support opens the door to accelerated declines targeting the $95,000-$93,000 zone where substantial supply clusters await.

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Recent price movements for Bitcoin clearly show that market tension is rising as the asset tries to break through a significant resistance level close to $120,000. Bitcoin has tested the upper resistance band twice in the last week, but both times it was unable to sustain a breakout, and sellers intervened to drive the price back down. 

From a technical standpoint, this repeated rejection indicates that $120,000 is proving to be an unbreakable barrier both technically and psychologically. Bullish momentum runs the risk of stalling if it does not close decisively above this level. The 26-day and 50-day exponential moving averages (EMAs) are now steadily rising and closing in on Bitcoin’s price, which is adding to the pressure. 

If the “digital gold” enters hibernation here, these EMAs may compress the market, forcing Bitcoin to move. The trading volume is the most alarming indicator. There was not much buyer conviction at these high levels, as evidenced by the relatively low volume of both breakout attempts. 

In the past, genuine breakouts needed a discernible spike in trading activity to withstand selling pressure and maintain upward momentum. In the absence of that, the chance of a fakeout increases significantly. Bitcoin might be in danger of reverting to important support areas if buyers are unable to regain control quickly. The immediate downside targets are $116,350 and $114,380. A clean breakout above $120,000 on high volume might lead to a sharp increase in price that could reach previously unheard-of heights. 

XRP in symmetrical triangle

On the daily chart, XRP is trading within the enclosing limits of a symmetrical triangle pattern, heading toward a potentially explosive point. The price is currently hovering near the formation’s tip. Whenever assets reach the edge of such formations, volatility implosions appear.

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A period of consolidation preceding a notable price swing is usually followed by the symmetrical triangle, which is made up of converging trendlines of higher lows and lower highs. After XRP’s strong rally toward $3.70 in late July, which was followed by a slow decline that kept the market tight in a narrowing range, the current structure has been taking shape.

One important technical finding is that as the triangle ages, trading volume decreases. Because market players wait for a breakout to give them direction, this decline in activity frequently occurs before volatility spikes. Once volume returns, it can fuel an outsized move, in either direction, depending on whether buyers or sellers seize control. 

With a confirmed breakout above the descending trendline, bullish momentum may be reignited on the upside, possibly aiming for the previous swing high around $3.70 and if momentum continues setting up for new yearly highs.

On the other hand, a break below the rising support line might allow for a retest of the $2.83 and $3.06 support zones, where the 50-day EMA is currently located as extra support. Given how quickly the triangle’s tip is approaching, the timing points to the possibility of an impending volatility spike. The form is where traders will be looking for confirmation. 

Ethereum stays dominant

With the second-largest cryptocurrency by market capitalization maintaining its market leadership and rising to new annual highs, Ethereum’s remarkable run is still going strong. Now that price action has broken through all of the resistance levels, ETH has an open path to the psychological $5,000 mark. Strong upward legs that build on each other’s momentum have been the rally’s defining feature. 

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From the break above $3,000 to the most recent push above $4,400, Ethereum’s daily chart has continuously shown bullish structure. The focus of the larger market on ETH has increased this strength as the asset is seeing a significant influx of sentiment and liquidity. Technical traders are aiming for $5,000 as the next logical target because the chart currently shows no notable resistance levels ahead. 

Nevertheless, the volume profile has a more cautious picture in spite of the aggressive price advance. In contrast to previous stages of the rally, the current surge has been bolstered by comparatively low trading volume, which may indicate that momentum may wane in the absence of greater participation. 

In addition to the warning, the relative strength index — or RSI — is displaying a bearish divergence, with the price reaching higher highs and the RSI reaching lower highs. This pattern may precede a pullback or consolidation phase and frequently indicates waning bullish pressure. 

With market dominance close to its peak levels and overwhelmingly positive sentiment, Ethereum is in control for the time being. A short-term correction could allow bulls to reload before the final push to $5,000, or it could sustain the rally without new buying volume.

Crypto Journalist

Anas Hassan

Crypto Journalist

Anas Hassan

About Author

Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.

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Last updated: 

July 18, 2025

ChatGPT’s AI model processed 42 live indicators, revealing consolidation momentum as Bitcoin holds $117,600 following a historic $123,091 all-time high (ATH) achieved on July 14th, with a -1.32% daily decline testing whether the rally marks the beginning of a bull market or peak exhaustion.

Trading above all EMAs while RSI at healthy 64.37 suggests a technical reset amid institutional positioning uncertainty.

A strong structural foundation emerges, with the price 16.9% above the 200-day EMA ($97,723), while the MACD maintains bullish momentum despite a pullback from historic highs.

The market cap stands at $2.34 trillion, with a daily volume of $82.25 billion, as Charles Schwab launches Bitcoin trading and Trump’s “Genius Act” opens a $9 trillion retirement market to crypto investments.

The following analysis synthesizes ChatGPT’s 42 real-time technical indicators, retirement market developments, institutional adoption acceleration, and historic high implications to assess BTC’s 90-day trajectory amid a critical inflection point that determines whether the continuation or correction will occur.

Technical Crossroads: Historic High Pullback Tests Bull Market Validity

Bitcoin’s current price of $117,600 reflects a minor 1.32% daily decline from its historic all-time high of $123,091, achieved on July 14th, marking a critical consolidation phase.

The $3,505 intraday range represents 3.0% of the current price, demonstrating controlled volatility during institutional position adjustment periods.

RSI at 64.37, a healthy level, provides optimal positioning with room for continued appreciation without overbought concerns, suggesting a technical reset rather than a trend reversal.

This positioning suggests a sustainable bull market structure rather than an exhaustion spike, although decisive action above the $121K resistance remains crucial for validation.

MACD indicators display strong bullish momentum, with a positive histogram at 2,836.92, confirming underlying strength despite a short-term pullback.

The combination of healthy RSI positioning and strong MACD signals creates an optimal setup for continuation toward $125K-$127K targets once consolidation completes.

Retirement Market Revolution: Trump’s “Genius Act” Opens $9 Trillion Gateway

President Trump’s planned signing of the “Genius Act” represents a revolutionary catalyst opening the $9 trillion US retirement market to Bitcoin and cryptocurrency investments.

This development could trigger unprecedented institutional demand as 401(k) and pension funds gain regulatory approval for digital asset allocation.

The retirement market integration addresses previous regulatory barriers that prevented institutional participation, creating sustainable demand drivers beyond speculative trading.

Professional retirement fund managers, who are subject to fiduciary compliance, now have a regulatory framework for allocating Bitcoin to their treasuries.

Charles Schwab’s launch of Bitcoin and Ethereum trading services validates the mainstream financial services’ embrace of cryptocurrency infrastructure.

The $10 trillion asset manager’s entry provides credibility, attracting conservative institutional capital that was previously excluded from direct cryptocurrency exposure.

Market Dominance Dynamics: Altcoin Season Speculation Builds

Bitcoin’s market dominance, at 60.86%, shows a slight decline as altcoin season speculation intensifies following BTC’s historic high.

This dominance shift creates a binary scenario in which Bitcoin either maintains its leadership or capital shifts toward altcoin alternatives.

BTC dominance dropping “hard” according to analysts suggests a major utility season ahead as institutional capital explores high-performance blockchain alternatives.

This rotation pattern has historically preceded significant altcoin appreciation cycles, while Bitcoin consolidates its gains.

Historical Context: ATH Achievement Creates Psychological Inflection

Bitcoin’s July 14th all-time high of $123,091 represents the culmination of institutional adoption momentum that had been building throughout 2021.

Current 4.36% discount to ATH provides attractive positioning while maintaining the psychological significance of historic breakthrough achievement.

The 15% appreciation from June’s $108,799 close demonstrates sustained institutional demand despite broader market uncertainty.

Historic high achievement creates a psychological inflection point where Bitcoin either validates a new valuation paradigm through continued appreciation or experiences a correction as early adopters secure profits.

The next 30-60 days remain critical for determining the long-term trajectory.

Support & Resistance: EMA Strength Provides Foundation

Immediate support emerges at today’s low around $117,316, reinforced by psychological support at $115,000-$116,000.

The exceptional EMA positioning, with prices 3-17% above all major moving averages, confirms the success of institutional accumulation and validates trend strength.

Major support extends through the 20-day EMA at $113,968 and the 50-day EMA at $109,338, providing multiple safety nets during any correction periods.

This support structure appeals to institutional risk management, as it requires defined downside protection during historically high valuation levels.

Critical resistance begins at today’s high around $120,821, followed by psychological resistance at $121,000-$122,000.

Breaking above this zone would signal continuation toward major resistance at $125,000-$127,000, representing next institutional profit-taking and psychological milestone levels.

Market Metrics: Institutional Validation Sustains Momentum

Bitcoin maintains a historic $2.33 trillion market capitalization, accompanied by a robust 24-hour trading volume of $81.67 billion, which represents institutional validation of its store-of-value status at unprecedented levels.

The 18.9% volume increase demonstrates continued professional participation despite pullback from highs.

The circulating supply of 19.89 million BTC represents 94.7% of the maximum 21 million supply, creating increasing scarcity dynamics that appeal to institutional treasury allocation strategies.

The approaching supply maximum intensifies deflationary arguments in favor of premium valuations.

Current pricing is 4.36% below all-time highs, with extreme gains of 241,999,061% from 2010 lows, providing a compelling institutional narrative for continued appreciation.

This risk-reward profile appeals to professional investors seeking exposure to a proven digital store of value with regulatory clarity.

LunarCrush data reveals mixed community engagement with AltRank declining to 763 while maintaining 81% positive sentiment.

The 130.79 million total engagements with 385.92K mentions demonstrate Bitcoin’s ability to capture attention during historic periods.

A social dominance of 18.85% with declining creator participation suggests community uncertainty about the direction following a historic high achievement.

Recent themes have focused on the potential for an altcoin season and validation of institutional adoption, rather than continued BTC appreciation.

The sentiment division between 81% positive outlook and declining engagement metrics reflects broader market uncertainty about whether historic highs represent the continuation or culmination of current cycle dynamics.

90-Day BTC Price Forecast

Institutional Momentum Continuation (Bull Case – 40% Probability)

Successful retirement market integration and Charles Schwab adoption could drive continued appreciation toward $130,000-$140,000, representing 11-19% upside.

This scenario requires breaking above the $121K resistance and confirmation of sustained institutional positioning.

Technical targets include $125K, $130K, and $140K based on psychological levels and institutional flow projections.

The retirement market catalyst could attract massive conservative capital seeking digital store-of-value exposure with regulatory compliance.

Historic High Consolidation (Base Case – 45% Probability)

Extended consolidation between $115K and $125K could persist through Q3 2025, as institutional positioning develops and regulatory implementations advance.

Support at the EMA cluster, around $109K-$114K, would likely remain stable during consolidation, with volume normalizing to approximately 60-70 billion daily.

This sideways action provides institutional accumulation opportunities while preserving uptrend structure for eventual continuation.

Correction from Historic Levels (Bear Case – 15% Probability)

Breaking below EMA support at $114K could trigger a correction toward $100K-$105K, representing 11-15% downside.

This scenario would require significant institutional demand disappointment or broader market weakness affecting digital asset adoption.

The strong institutional adoption backdrop and regulatory clarity trends limit extreme downside scenarios, with major support at $100K-$105K providing a psychological foundation for future recovery cycles.

BTC Forecast: Digital Gold Meets Institutional Infrastructure

Bitcoin’s current positioning reflects the convergence of historic valuation achievements, institutional adoption acceleration, and regulatory integration advancements.

The 42-signal analysis reveals that the cryptocurrency is positioned at a critical inflection point between the validation of a new paradigm and the consolidation requirements.

Combined with historic high achievement and sustained institutional interest, these developments provide compelling continuation arguments.

The $121K resistance breakthrough represents the definitive test of Bitcoin’s new valuation paradigm following historic ATH achievement.

A successful breakout validates the institutional adoption thesis and triggers continuation toward $130K+ targets, while failure suggests a healthy consolidation phase before the next institutional catalyst wave.

Bulls Eye $4,000 As Long-Term Range Breakout Holds

In an X post on July 12, Daan Crypto explains that $2,800 has acted as a long-standing resistance capping Ethereum price action on both sides over the past two years. Following recent bullish fortune, the prominent altcoin decisively broke through this price barrier, signaling intent for further price gains.

However, the price retracement from $3,000 suggests the bulls are facing immediate profit-taking pressure that may force a return below $2,800. According to Daan Crypto, while a quick price dip and buy-back up may not harm current bullish sentiments, a stalled price action under $2,800 may force ETH to revisit lower levels around $2,100-$2,160.

The analyst highlights that ETH bulls maintaining a price point above $2,800 is critical to sustaining the present bullish structure, paving the way for a price return to the market cycle peak at $4,000. From a risk/reward perspective, this level now offers traders a clear invalidation point that market bulls remain in control as long as ETH stays above $2,800.

Interestingly, the Moving Average Convergence Divergence (MACD) indicator on the ETH daily chart backs the potential of a sustained price uptrend. This is because the MACD line recently crossed above the signal line, which is largely interpreted as a bullish signal.

However, it’s worth noting that the Relative Strength Index (RSI) is valued at 71.12, in the overbought zone. This report suggests Ethereum holds strong potential of becoming an overheated market, resulting in a wide spread distribution.

Ethereum Market Overview

At the time of writing, Ethereum trades at $2,966 on the daily chart, reflecting a 0.11% decline in the past day. Despite the minor pullback, the asset has posted an impressive 16.53% gain over the past month, indicating that the majority of investors remain in profit.

According to data from blockchain analytics firm Sentora, the Ethereum network recorded total network fees of $6.04 million, representing a modest 0.60% drop compared to the previous week. This slight decline in fees points to a small reduction in transaction activity on the network.

Meanwhile, crypto exchanges registered outflows of $493 million, suggesting investors are opting to keep their assets in private wallets. Such behavior typically reflects growing confidence in the market, as users are less inclined to sell and more likely to hold in anticipation of continued price appreciation.

Hackers have started to exploit a critical remote code execution vulnerability in Wing FTP Server just one day after technical details on the flaw became public.

The observed attack ran multiple enumeration and reconnaissance commands followed by establishing persistence by creating new users.

The exploited Wing FTP Server vulnerability is tracked as CVE-2025-47812 and received the highest severity score. It is a combination of a null byte and Lua code injection that allows remote a unauthenticated attacker to execute code with the highest privileges on the system (root/SYSTEM).

Wing FTP Server is a powerful solution for managing secure file transfers that can execute Lua scripts, which is widely used in enterprise and SMB environments.

On June 30, security researcher Julien Ahrens published a technical write-up for CVE-2025-47812, explaining that the flaw stems from unsafe handling of null-terminated strings in C++ and improper input sanitization in Lua.

The researcher demonstrated how a null byte in the username field could bypass authentication checks and enable Lua code injection into session files.

When those files are subsequently executed by the server, it is possible to achieve arbitrary code execution as root/SYSTEM.

Along with CVE-2025-47812, the researcher presented another three flaws in Wing FTP:

• CVE-2025-27889 – allows exfiltrating user passwords via a crafted URL if the user submits a login form, due to unsafe inclusion of the password in a JavaScript variable (location)
• CVE-2025-47811 – Wing FTP runs as root/SYSTEM by default, with no sandboxing or privilege drop, making RCEs far more dangerous
• CVE-2025-47813 – supplying an overlong UID cookie reveals file system paths

All the flaws impact Wing FTP versions 7.4.3 and earlier. The vendor fixed the issues by releasing version 7.4.4 on May 14, 2025, except for CVE-2025-47811, which was deemed unimportant.

Threat researchers at managed cybersecurity platform Huntress created a proof-of-concept exploit for CVE-2025-47812 and show in the video below how hackers could leverage it in attacks:

Huntress researchers found that on July 1st, a day after technical details for CVE-2025-47812 appeared, at least one attacker exploited the vulnerability at one of their customers.

The attacker sent malformed login requests with null-byte-injected usernames, targeting ‘loginok.html.’ These inputs created malicious session .lua files that injected Lua code into the server.

The injected code was designed to hex-decode a payload and execute it via cmd.exe, using certutil to download malware from a remote location and execute it.

Huntress says that the same Wing FTP instance was targeted by five distinct IP addresses within a short time frame, potentially indicating mass-scanning and exploitation attempts by several threat actors.

The commands observed in these attempts were for reconnaissance, obtaining persistence in the environment, and data exfiltration using the cURL tool and webhook endpoint.

The hacker failed the attack “maybe due to their unfamiliarity with them, or because Microsoft Defender stopped part of their attack,” Huntress says. Nevertheless, the researchers observed clear exploitation of the critical Wing FTP Server vulnerability.

Even if Huntress observed failed attacks at their customers, hackers are likely to scan for reachable Wing FTP instances and try to take advantage of vulnerable servers.

Companies are strongly advised to upgrade to version 7.4.4 of the product as soon as possible.

If switching to a newer, secure version is not possible, the researchers’ recommendation is to disable or restrict HTTP/HTTPs access to the Wing FTP web portal, disable anonymous logins, and monitor the session directory for suspicious additions.

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Renowned market analyst Ali Martinez has shared an interesting technical insight highlighting XRP’s potential of a price breakout in the coming weeks. Notably, the prominent altcoin has registered a minimal 1.5% gain in the past week, despite experiencing multiple rejections around the $2.31 price region.

Based on recent price movements, Martinez postulates XRP would soon presented with another chance to confront this rigid resistance, overcoming which paves the way for a short-term price surge.

XRP Faces Critical Resistance At $2.33 – Can Bulls Break Through?

In an X post on July 5, Ali Martinez shares a 4-hour XRP trading chart that shows the altcoin has maintained a constant price range since the beginning of June barring a temporary breakdown between June 22-23.

According to the presented analysis, the $2.33 level has consistently acted as a ceiling for XRP within the specified time frame, with multiple price rejections seen around that zone. On the other hand, the $2.13 – $2.17 price zone has acted as an efficient support range with equal strength, creating a tight consolidation zone that could explode in either direction.

Martinez explains that a breakout above $2.33 could spark a fresh wave of bullish interest potentially pushing XRP toward the next major resistance around $2.60, a price level last seen in May. In the presence of an overwhelming buying pressure, market bulls may extend their rally toward higher resistance zones around $2.70 and even $2.84.

Alternatively, a failure to reclaim $2.33 would force XRP to remain within its present consolidation range. On the the downside, a sharp price dip below $2.13 would expose the altcoin to lower support zones around $2.03 and $1.94, thereby invalidating the current bullish setup.

While the bearish scenario is valid, its worth noting the technical setup favours a bullish outcome considering a recent recovery from the June 23 low, which saw the altcoin briefly dip to around $1.92 before staging a quick rebound above $2.21. In addition, an ensuing price dip below $2.13 was followed by another swift price bounce to $2.32.

XRP Market Overview

In other developments, the XRP Ledger has recently registered a record 1.6 million transactions in 24 hours indicating a high volume of interest and network engagement. However, crypto analyst with X username Ripple Van Winkle highlights the need for equivalent rise in trading volume to induce significant positive price changes.

At press time, XRP continues to trades at $2.21 reflecting a 0.21% decline in the past day. However, the asset’s daily trading volume is valued at $1.17 billion following a 43.16% devaluation. With a market cap of $131.04 billion, XRP ranks as the fourth largest cryptocurrency and a strong investors’ favorite for long-term portfolio addition.

Featured image from Alamy, chart from Tradingview

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