Over the past several weeks, XRP, Shiba Inu and Bitcoin have faced furious bearish pressure on the market: XRP, for example, struggled at key moving averages; Shiba Inu attempted to break free from a prolonged triangle formation; and Bitcoin tried to find grounds for a recovery — all without much success. However, the selling pressure is winding down, and sentiment can shift at any given moment.

XRP bears giving up?

Over the past few weeks, XRP has been consistently under bearish pressure, with sellers holding sway after the asset was unable to recover the $3 psychological level. Right now, XRP is trading at about $2.081, just above the 100-day EMA, which has served as a crucial support line. Investors now need to determine if the bears have more fuel in their tanks or if exhaustion is starting to set in.

An extended pullback after the July peak near $3.70 is visible on the chart:

• XRP has not crashed, as some had anticipated, despite market pressure from lower highs and persistent selling. Rather, buyers appear willing to defend in the $2.75-$2.85 range, where price action has stabilized. This consolidation might indicate that bears are losing ground.

• This outlook is supported by volume data. The declining trading activity suggests a significant slowdown in selling interest. Volume usually rises during breakdowns on bear markets, but the limited participation during XRP’s most recent declines suggests that sellers are losing faith.

Technically, the RSI is at 44, which indicates a slight bearishness but is still well below oversold extremes. This implies that, while there is still potential for a decline, the circumstances for a disastrous plunge are not always present. A more dramatic sell-off below the 200-day EMA seems unlikely in the absence of a significant catalyst, but a decline toward the 200-day EMA at $2.50 is still possible if overall market sentiment deteriorates.

Bitcoin’s comeback

Following a decline below $110,000 earlier in the week, Bitcoin has made an unexpected comeback, regaining the $112,000 level. On the surface, such a move might seem bullish, but it is also among the riskiest and least convincing recoveries the asset has displayed in recent months.

With the 50-day EMA close to $115,000 serving as a ceiling, Bitcoin is currently trading between $110,900 and $112,600, just below important resistance levels. It is challenging to categorize this rebound as a strong one because it occurred with a low trading volume. Low-volume recoveries close to crucial price thresholds have a history of losing momentum and resuming downward drift.

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Technical indicators draw attention to the degree of uncertainty. However, it does not show much buying enthusiasm, the RSI stays neutral at 45, allowing Bitcoin to rise. In the meantime, the 200-day EMA is at $104,000, which could act as a downside magnet if buyers are unable to hold $110,000. From a psychological standpoint, both bulls and bears now find $112,000 to be an uncomfortable pivot zone.

Although history demonstrates that volatility is frequently preceded by sharp low-volume recoveries, investors may view this as a short-term opportunity. If Bitcoin is unable to break through the $115,000 barrier, it may swiftly return to the $108,000-$106,000 level.

Traders need to exercise caution. Although there is some respite from the recent rebound, it lacks the volume and structural support that usually validates long-term improvements. It might be better for long-term investors to hold off on reevaluating bullish positions until consolidation occurs above $115,000.

To put it briefly, Bitcoin’s $112,000 comeback is surprising but precarious. In the absence of increased volume and momentum, the digital gold could revert, reminding investors that the current market cycle is still dominated by volatility.

Shiba Inu: Cautious optimism

Shiba Inu has spent a large portion of the year in a protracted downward trend, failing to make significant progress as other assets tried to recover. But, at last, a significant positive indication might be showing up on the charts, giving SHIB holders cause for cautious optimism.

SHIB is now trading close to $0.0000122 and has been following a symmetrical triangle pattern that is getting smaller. Significantly, recent candles indicate that sellers might be losing ground as SHIB tries to turn upward from the triangle’s lower boundary. Following weeks of consolidation and numerous setbacks at higher resistance levels, this is the first genuine indication of bullish strength.

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The moving averages are starting to come into play as well. SHIB has repeatedly tested the 50-day EMA without breaking sharply lower, indicating that buyers are likely protecting this region. Should momentum persist, SHIB may move in the direction of the 100-day EMA at $0.0000130 and then attempt to break through the 200-day EMA at $0.0000139, a crucial level that would validate a longer-term reversal.

The relative strength index (RSI), which has leveled off at 46 and is suggesting that it may rise, is another positive indication. That permits upward momentum without running the risk of running out of energy right away.

For investors, this suggests that SHIB might be about to enter a transitional phase, where the downward momentum is waning, but it does not ensure a complete breakout. If SHIB closes above the 100-day EMA and stays there, there may be a significant increase in confidence in a short-term recovery.

Although bearish influence has not fully disappeared, the downside momentum across XRP, SHIB and Bitcoin is showing signs of exhaustion. Buyers are defending key levels, but without stronger volume and bullish support, any potential rallies risk losing steam. Until structural support and sustained breakouts above major resistance levels materialize, the market’s current state remains fragile.

Cboe has submitted amendments for five crypto-related exchange-traded funds (ETFs) that would allow authorized participants to create and redeem shares in-kind, which is a positive sign for the approval of such funds.

Bloomberg ETF analyst James Seyffart shared on July 22 a screenshot of the exchanges’ docket showing the amended rule filings. The amendments relate to issuers ARK 21Shares, VanEck, Fidelity, WisdomTree, and Invesco Galaxy.

Seyffart described the cluster of filings as a “positive” signal that the Securities and Exchange Commission (SEC) is working with issuers to finalize an in-kind framework rather than resisting it. He characterized the process as fine-tuning, not stonewalling.

In-kind redemptions enable investors to exchange Bitcoin (BTC) or Ethereum (ETH) for the underlying assets, rather than cash, and receive them upon redemption.

Not noticeable by the retail

Seyffart also addressed a recurring misconception. The shift to in-kind would not let retail investors swap ETF shares for Bitcoin or Ethereum directly. 

Only authorized participants, such as large Wall Street firms and market makers, would be responsible for handling those transfers. For most investors, nothing will appear different on the screen because existing spot Bitcoin ETFs already trade closely to their net asset value.

The benefit is then structural, as crypto ETPs would be treated the same way as commodity and equity products that commonly use in-kind flows, enhancing tax efficiency and lowering friction inside the fund.

If the Commission signs off, authorized participants will be able to move crypto directly instead of sourcing or unwinding large cash positions each time they create or redeem baskets. 

That change could reduce spreads and hedging costs, especially in volatile markets, and give issuers more flexibility in portfolio management. 

Although retail wouldn’t notice the changes directly, smoother primary-market plumbing tends to reinforce secondary-market efficiency.

Long queue

The latest Cboe batch joins a growing queue of filings that either request or contemplate in-kind flexibility. 

Nasdaq has already requested that BlackRock’s iShares Bitcoin Trust be converted to in-kind creations and redemptions, following language in the trust’s January 2024 S-1 that stated the sponsor could make the switch once regulators approved. 

A Federal Register notice in late May also described full in-kind mechanics for an Ethereum trust on Nasdaq, detailing how APs would deliver or receive ether. 

NYSE Arca hosts Bitwise’s Bitcoin and Ethereum ETFs, which from the outset proposed pure in-kind baskets. 

Collectively, these filings form the pending docket the SEC must clear before any fund can move away from the cash-only model imposed at launch.

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World Liberty Financial (WLFI) token holders approved a governance proposal to make the WLFI token tradable, allowing the project to begin enabling transfers and secondary market access. 

Token holders cast overwhelmingly affirmative ballots before the July 16 close, with 11.1 billion tokens voting “Yes,” equivalent to 99.94%. 

World Liberty posted the “Make $WLFI Token Tradable” measure to its governance forum on July 4 and opened on‑chain voting on July 9. 

The proposal directs the team to activate transferability, allowing holders to move WLFI peer-to-peer and list on secondary venues, thereby shifting the network from a closed model to one of open participation. 

The plan also outlines staged unlocks, where a portion of the early supporter allocations becomes eligible once trading starts. In contrast, founder, team, and adviser allocations remain locked under a longer schedule that requires a later community vote. 

Timing and any eligibility screens will follow in a separate implementation update.

Backed by the Trump family

World Liberty Financial is a decentralized finance and digital wealth platform backed by President Donald Trump and his family.

The application links traditional financial services with on-chain products, including the WLFI governance token and the USD-pegged stablecoin, USD1. 

According to one of the initial statements on the project, WLFI’s goal is to maintain the dollar and the global settlement layer through US-pegged stablecoins. 

Next steps for transfer enablement

With authorization in place, the team will execute transfer functionality, initiate eligible early‑supporter unlocks, and schedule a second vote to govern the broader release schedule for locked allocations. 

Governance participants will also gain a broader role in determining emission parameters, incentive programs, and treasury actions once WLFI transitions to a permissionless circulation model. 

Project documentation on the forum states that implementation will occur within a reasonable time from passage. 

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The number of crypto wallets holding at least 1 million XRP tokens has reached an all-time high, coinciding with a 26% surge in XRP’s price over the past week.

“Not only are there more XRP whales than ever, but the total supply they hold is also increasing,” onchain analytics platform Santiment said in a report on Friday, noting that the number of wallets holding over 1 million XRP (XRP) tokens has surged to a new all-time high of 2,743.

47.32 billion XRP tokens are now held by whales

“XRP is also showing signs of strength,” Santiment said. “This dual trend is a very positive sign for the fourth-largest crypto asset,” they added.

Santiment data shows that 47.32 billion XRP tokens are held by crypto wallets holding at least 1 million tokens.

XRP has surged 26% over the past seven days, trading at $2.80 at the time of publication, according to CoinMarketCap data.

Over the past 24 hours alone, it has spiked 10%. Meanwhile, CoinGlass data shows the surge wiped $31.44 million in XRP short positions.

Just last month, on June 18, traders were divided on XRP’s next direction as the cryptocurrency had been consolidating for nearly 200 days within a range of $1.90 to $2.90.

Altcoin season has started, says Santiment

However, XRP’s recent rally is part of a broader market breakout that saw Bitcoin (BTC) reach consecutive all-time highs of $112,000 on Wednesday and $116,500 on Thursday. 

Related: Ripple shareholder Linqto files for Chapter 11 bankruptcy

Ether (ETH) also surged, up 17.51% across the week, trading at $2,958 at the time of publication.

Santiment said that the metrics show altcoin season has begun. “The data confirms that, for now, it has,” Santiment said.

“As long as Bitcoin can maintain its position above the crucial psychological support level of around $110k, traders will likely feel comfortable redistributing profits into altcoins,” they added.

Magazine: Inside a 30,000 phone bot farm stealing crypto airdrops from real users

]]> https://earlybirdsinvest.com/xrps-very-positive-sign-whales-soar-to-new-highs-as-price-jumps-10/feed/ 0 47151 https://earlybirdsinvest.com/xrp-establishes-higher-range-as-in-positive-sign-of-bullish-breakout/ https://earlybirdsinvest.com/xrp-establishes-higher-range-as-in-positive-sign-of-bullish-breakout/#respond Fri, 20 Jun 2025 17:11:41 +0000 https://earlybirdsinvest.com/xrp-establishes-higher-range-as-in-positive-sign-of-bullish-breakout/

XRP is stabilizing near the top of its recent range and showing signs of bullish pressure as volatility narrows.

With strong volume-backed support at $2.14–$2.15 and multiple resistance tests at $2.18, the asset appears to be coiling within an ascending channel, setting the stage for a possible breakout.

News Background

• Middle East conflicts triggered renewed risk-off sentiment across markets, sparking liquidations across crypto. While top assets like Cardano and Solana posted over 1% declines, XRP has managed to hold ground — forming higher lows and carving out a new trading band in the $2.14–$2.18 zone.
• This resilience comes as the Federal Reserve prepares to announce its next interest rate decision. With global economic policy increasingly fragmented, crypto traders are bracing for sharp moves across digital assets.
• Despite broader caution, XRP’s recent behavior suggests underlying strength, with technical compression pointing to a potential breakout setup.
• XRP’s long-term structure remains in focus. After nearly 200 days of ranging between $1.90 and $2.90, the token is testing the upper end of a descending channel on the USDT pair, with macro resistance near $2.60.
• Analysts continue to debate whether this structure mirrors XRP’s 2017 price setup — a consolidation that preceded a 1,300% breakout.
• Meanwhile, investor behavior is shifting. Glassnode data shows rising profit-taking activity averaging $68.8 million daily, even as Bollinger Bands narrow — a classic sign of pending volatility.

Price Action

XRP traded within a 3.81% range from $2.143 to $2.182 over 24 hours, with strong buying pressure defending support at $2.143 during the 07:00 hour, where volume spiked to nearly 50 million units. Resistance was tested repeatedly at $2.179–$2.182 throughout the day but held firm.

In the final trading hour, XRP fell from a local high of $2.181 to $2.167, a 0.7% drop that formed a new short-term descending channel. Volume surged to 1.7 million as support at $2.170 was breached, but price stabilized quickly and formed a higher low, preserving the broader uptrend structure.

Technical Analysis Recap

• XRP posted a 3.81% 24-hour range, from $2.143 to $2.182.
• Support held at $2.143–$2.147 with heavy volume during early session lows.
• Resistance tested at $2.179–$2.182 multiple times, forming a clear upper boundary.
• Price action appears to form an ascending channel with higher lows intact.
• Late-session sell-off triggered by 1.7M volume spike at $2.170, but price recovered to $2.167.
• Descending micro-channel formed in the final hour; broader trend remains bullish if $2.14 support holds.
• Bollinger Bands tightening; RSI neutral at 52 suggests pending volatility.

While the momentum appears measured compared to past breakouts, the underlying market data suggests that structural shifts are underway that could influence the next major move.

So far, several indicators are pointing toward improving sentiment, particularly within the derivatives market, which now dominates Bitcoin’s overall trading volume.

Recent observations from analysts highlight a shift in the balance of trading activity, hinting that long positions are regaining strength over shorts. Meanwhile, updated cycle models suggest Bitcoin may still have room to extend its current trend, with structural similarities emerging between the present market and the 2017 cycle.

Bitcoin Net Taker Volume Turns Positive, What Does It Signal?

According to CryptoQuant analyst Darkfost, the 30-day moving average of Bitcoin’s Net Taker Volume has returned firmly to positive territory.

Net Taker Volume is an indicator that compares the relative size of long and short positions in the derivatives market over a given period. A positive reading indicates that buying pressure (long positions) outweighs selling pressure (short positions), while a negative reading suggests the opposite.

Darkfost noted that derivatives markets now account for roughly 90% of total Bitcoin trading volume, surpassing spot and exchange-traded (ETF) volumes. As a result, shifts in derivatives sentiment can often foreshadow broader price movements.

The return of the Net Taker Volume into positive territory suggests that speculative participants are positioning for continued upside. This realignment in the derivatives market, if sustained, could act as a catalyst to reinforce Bitcoin’s recent gains and set the stage for further price discovery.

Cycle Model Adjustments Point to Uptrend Continuation

In a separate analysis, CryptoQuant analyst Mignolet provided insight into Bitcoin’s longer-term trend outlook. Using a refined cycle model based on market capitalization data, Mignolet suggested that traditional cycle indicators have been slow to reflect the latest recovery.

To address this lag, adjustments were made to the model’s time series to detect earlier shifts in market behavior. Mignolet observed that what appeared to be a “bear market” zone under traditional models was, in reality, a buying opportunity within an ongoing upward cycle.

The current market structure, according to Mignolet, resembles the later stages of the 2017 bull market rather than the early phases of a new downturn. If this parallel holds, Bitcoin could still have significant upside potential before entering a major correction phase.

Featured image created with DALL-E, Chart from TradingView

08 April Bitfinex alpha | 2nd quarter macro type and prospects are still very positive

After a week ago, performance was relatively stable, but Bitcoin ended a week when it had almost unchanged, with only a slight decline that far exceeded traditional risk assets – it was clear that this was just a delayed negative response.

SPX, NASDAQ, DOW JONES INDUSRATION AVERAICT
Bitcoin from the beginning of 2025 (Source: TradingView)

The BTC/S&P 500 percentage has skyrocketed to a record high, showing relatively incredible strength, but the market is still in the sales phase. From the perspective of Bitfinex analysts, stocks are currently oversold, and a short-term recovery will help narrow the gap between Bitcoin and these metrics in the medium term. However, the trends in short-term sponsorship and open interest refer to future changes in Bitcoin. However, the foundation for the breakthrough at the end of the second quarter appears to be gradually forming. Once the major macroeconomic waves settle, ETF cash flows return and the narrative of sovereignty is re-exported, Bitcoin could escape dependence on stocks and regain its main position in the global risk asset group.

The US economy released work data in early 2025, building something more positive than expected, bringing a bit of a short-term joy. However, deep structural challenges are beginning to emerge as new tariff policies begin to strain manufacturing, price and labor market sectors. Job growth in March, led by the private services industry, hides potential instability when manufacturing and goods industries show signs of stress.

At the same time, tariffs (currently on average above 22%) have increased input costs in most industries, causing inflationary pressures and retaliation measures from key trading partners. Mortgage interest rates have led to a slight drop in construction spending in February, but inflation in raw materials such as steel, aluminum and wood has begun to tighten payment capacity. Production activity is in decline, with labor market indicators, particularly the number of hires and employment — showing a slower trend. The Federal Reserve remains cautious about inflation in uncertainty, but the big picture suggests that trade policy, not monetary policy, could be a major threat to economic growth next year’s quarter.

Average US tariffs (Source: Yale Budget Lab)

When it comes to news, the industry continues to advance aggressively. Japan is leading the modernization revolution by proposing cryptocurrency classification as a financial product and reducing income tax from cryptocurrencies to 20%. This is a move to promote investor participation and consolidate the country’s role as a global cryptocurrency centre. Meanwhile, Grayscale has applied to launch the Solana ETF fund spot, showing growing belief in alternative tier assets, paving the way for wider adoption of ETFs in Bitcoin and Ethereum. In parallel, BlackRock’s Buidl On-Chain Fund continues to dominate the cryptocurrency market, paying $4.17 million in March, holding nearly 40% of its market share. These parallel steps highlight the rapid convergence between traditional finance and blockchain technology, towards increasingly mature and accessible market infrastructure, compliance and friendly investors.

In short, macros are testing all the patience, but the light at the edge of the tunnel is still shining. Wait for what comes into the second quarter!
Don’t forget to follow the bitfinex Vietnam Community telegram, Twitter & Facebook To update articles, information and events as soon as possible!

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