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XRP Price On The Verge Of Breaking Out: Expert Sets $4 Target
In line with the broader cryptocurrency market’s recent upswing, the XRP price has captured attention with one of its largest weekly candles of the year, soaring over 14% in the past week and pushing the altcoin just above the $3 mark. This performance positions XRP just 15% shy of its all-time high, making it one of the standout performers in the crypto space, trailing only Ethereum (ETH), Binance Coin (BNB), and Solana (SOL), which saw price increases of 16%, 23%, and 21%, respectively over the same time frame. XRP Price Analysis Back in July of this year, the XRP price reached its peak of $3.66, but subsequent market corrections saw the token drop to as low as $2.70. Since then, attempts to recover have faced challenges, particularly with a key resistance level at $3.10 that has thwarted upward movements since August. Related Reading: Ethereum Price Forecast: Expert Predicts Final Impulse Wave Targeting $18,000 This struggle has led to the formation of a falling wedge pattern on XRP’s daily chart, signaling a potential shift as selling pressure wanes and buying interest rises. Market expert Lark Davis recently shared his insights on social media platform X (formerly Twitter), suggesting that if the XRP price can maintain momentum, it could target around $4, indicating a potential rally of approximately 33%. However, this bullish outlook hinges on XRP’s ability to consolidate above the $3 threshold, which would serve as confirmation of a breakout from the bullish pattern and pave the way for further price recoveries. Will ETF Approvals Propel Prices Higher? Contrasting Davis’ optimistic view, market analyst Ali Martinez expressed skepticism, arguing that while a breakout may occur, it might only lead to a price target of $3.60, essentially retesting previous highs rather than achieving new records. Despite differing opinions, the general sentiment leans towards potential upside, bolstered by the anticipation of exchange-traded funds (ETFs) that may soon gain approval from the US Securities and Exchange Commission (SEC) for investing in XRP. Related Reading: Bitcoin Price Nears Record Levels, Predictions Point To $140,000 By Early 2026 Leading analyst Crypto King highlighted the involvement of prominent names in the industry, with fund sizes ranging from $200 million to $1.5 trillion. He posited that the approval of even a single ETF could usher in a wave of institutional investment into XRP, significantly affecting its price trajectory. While the prospect of institutional money entering the XRP market is enticing, it remains to be seen whether these funds will have a substantial impact on the XRP price, particularly given the precedent set by similar investments in Bitcoin (BTC) and Ethereum in 2024 following their own regulatory approvals. Featured image from DALL-E, chart from TradingView.com
Bitcoin STH Exchange Inflows Hit $5.7B: Profit-Taking Already Underway?
On-chain data shows the Bitcoin short-term holders have just made large deposits to exchanges, a potential sign profit-taking is underway. Bitcoin Short-Term Holder Exchange Inflows Have Shot Up In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the deposits being made by Bitcoin short-term holders to centralized exchanges. The “short-term holders” (STHs) refer to the BTC investors who purchased their coins within the past 155 days. The STHs make up for one of the two main divisions of the network done on the basis of holding time, with the other side being known as the “long-term holders” (LTHs). Related Reading: Dogecoin’s Big Breakout Incoming? Analyst Calls To “Stay Alert” Historically, the former cohort has proven to include the weak hands of the market who panic sell whenever volatility emerges in the asset, while the latter is made up of the blockchain’s diamond hands. Bitcoin has witnessed a sharp rally over the past week that has taken it past the $122,000 level. Considering the nature of the STHs, it would be expected that they would be looking to take some profits. For LTHs, tracking selling can be simple because as soon as a member of the cohort breaks their dormancy, their coins exit the cohort and enter the STHs, as their age counter resets back to zero. It’s not quite as easy in the case of the STHs, however, as the group’s coins are constantly in motion within its members. One way to gauge STH selling is through their transactions to exchanges. Generally, one of the main reasons why investors use these centralized platforms is for trading-related purposes, so deposits to them can be an indication that there is demand for selling the cryptocurrency. Below is the chart shared by Maartunn that shows the trend in the exchange inflows coming from the Bitcoin STHs. As is visible in the graph, the Bitcoin STH deposits to exchanges have shot up alongside the latest price rally. The inflows that have spiked have specifically been the profit ones, with there being no loss deposits at all. Thus, it seems the buyers who got in during the price all-time high (ATH) are choosing to hold through this run. In total, the STHs have transferred 46,276 BTC over a 24-hour span during the latest run. At the current exchange rate, this is equivalent to a whopping $5.7 billion. The analyst notes that this is one of the largest spikes that the indicator has seen recently. Related Reading: Bitcoin Breaks $119,000: Analyst Says $139,000 Could Be Next It now remains to be seen whether enough demand will appear to absorb this selling pressure, or if the profit-taking will provide impedance to the Bitcoin rally. BTC Price At the time of writing, Bitcoin is floating around $122,700, up more than 11% over the last seven days. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Ethereum Poised For Breakout? SOPR Trend Hints At $5,000 Upside
Ethereum (ETH) has been on an uptrend since September 28, surging from around $3,800 to the mid $4,000 range at the time of writing. According to recent data from Binance, ETH went through a “reset” during the second half of September and early October, and may now be eyeing the $5,000 price level. Ethereum Reset Over, New Highs Soon? According to a CryptoQuant Quicktake post by contributor Arab Chain, ETH underwent a healthy reset over the past few weeks. While the digital asset initially dropped to $3,800 – $3,900 range, it is now trading in the mid $4,000 level. Related Reading: Ethereum Close To Local Bottom? Analyst Flags Drop In Binance Open Interest At the same time, ETH’s Spent Output Profit Ratio (SOPR) remained volatile around 1.0, with multiple spikes above one and a singular outlier, shown in the chart below. It suggests that short-term inflows are generating enough demand to meet the supply. In simple words, any price decline is quickly reversed as long as the ETH SOPR remains above 1.0. The chart shows a local bottom created in late September near $3,800 – $3,900. This local bottom was soon followed by a gradual rebound to $4,500. However, the reversal did not occur at once. Instead, it occurred in multiple stages, with short price corrections that did not go below previous lows. For most of this period, the SOPR hovered between 0.98 and 1.03, a neutral range that suggests a rotation in position instead of a broad market sell-off. Although some flash highs surged above 1.0, these profit-taking bursts were quickly absorbed by the strong demand for ETH. Currently, Ethereum is showing signs of reaccumulation. As long as any pullback keeps the SOPR at or above 1.0 and the support level at $4,000 is not breached, ETH could benefit from a continued upside scenario. Arab Chain added: A sustained break above 4.5K would consolidate demand momentum and open the way for gradually higher targets, while a break below 4.0K with SOPR <1 would be the first clear sign that sellers have taken control. ETH Reserves On Exchange Continue To Dwindle Besides ETH’s bullish momentum that may propel it to $5,000, the digital asset’s reserves on crypto exchanges continue to decline. Recent analysis found that an increasing number of new ETH investors are withdrawing ETH for self-custody or staking. Related Reading: Ethereum Open Interest Sees Sharpest Reset Since 2024 As Price Drops Below $4,000 ETH whale behavior also points toward a potential upcoming price rally for the cryptocurrency. Recently, ETH whales scooped as much as $1.73 billion worth of ETH, sending exchange balances to a nine-year low. From a technical standpoint, Ethereum’s Relative Strength Index (RSI) recently gave a rare bullish signal, suggesting a potential price appreciation to $8,000. At press time, ETH trades at $4,471, up 2.6% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
XRP Price On The Verge Of Breaking Out: Expert Sets $4 Target
In line with the broader cryptocurrency market’s recent upswing, the XRP price has captured attention with one of its largest weekly candles of the year, soaring over 14% in the past week and pushing the altcoin just above the $3 mark. This performance positions XRP just 15% shy of its all-time high, making it one of the standout performers in the crypto space, trailing only Ethereum (ETH), Binance Coin (BNB), and Solana (SOL), which saw price increases of 16%, 23%, and 21%, respectively over the same time frame. XRP Price Analysis Back in July of this year, the XRP price reached its peak of $3.66, but subsequent market corrections saw the token drop to as low as $2.70. Since then, attempts to recover have faced challenges, particularly with a key resistance level at $3.10 that has thwarted upward movements since August. Related Reading: Ethereum Price Forecast: Expert Predicts Final Impulse Wave Targeting $18,000 This struggle has led to the formation of a falling wedge pattern on XRP’s daily chart, signaling a potential shift as selling pressure wanes and buying interest rises. Market expert Lark Davis recently shared his insights on social media platform X (formerly Twitter), suggesting that if the XRP price can maintain momentum, it could target around $4, indicating a potential rally of approximately 33%. However, this bullish outlook hinges on XRP’s ability to consolidate above the $3 threshold, which would serve as confirmation of a breakout from the bullish pattern and pave the way for further price recoveries. Will ETF Approvals Propel Prices Higher? Contrasting Davis’ optimistic view, market analyst Ali Martinez expressed skepticism, arguing that while a breakout may occur, it might only lead to a price target of $3.60, essentially retesting previous highs rather than achieving new records. Despite differing opinions, the general sentiment leans towards potential upside, bolstered by the anticipation of exchange-traded funds (ETFs) that may soon gain approval from the US Securities and Exchange Commission (SEC) for investing in XRP. Related Reading: Bitcoin Price Nears Record Levels, Predictions Point To $140,000 By Early 2026 Leading analyst Crypto King highlighted the involvement of prominent names in the industry, with fund sizes ranging from $200 million to $1.5 trillion. He posited that the approval of even a single ETF could usher in a wave of institutional investment into XRP, significantly affecting its price trajectory. While the prospect of institutional money entering the XRP market is enticing, it remains to be seen whether these funds will have a substantial impact on the XRP price, particularly given the precedent set by similar investments in Bitcoin (BTC) and Ethereum in 2024 following their own regulatory approvals. Featured image from DALL-E, chart from TradingView.com
Bitcoin STH Exchange Inflows Hit $5.7B: Profit-Taking Already Underway?
On-chain data shows the Bitcoin short-term holders have just made large deposits to exchanges, a potential sign profit-taking is underway. Bitcoin Short-Term Holder Exchange Inflows Have Shot Up In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the deposits being made by Bitcoin short-term holders to centralized exchanges. The “short-term holders” (STHs) refer to the BTC investors who purchased their coins within the past 155 days. The STHs make up for one of the two main divisions of the network done on the basis of holding time, with the other side being known as the “long-term holders” (LTHs). Related Reading: Dogecoin’s Big Breakout Incoming? Analyst Calls To “Stay Alert” Historically, the former cohort has proven to include the weak hands of the market who panic sell whenever volatility emerges in the asset, while the latter is made up of the blockchain’s diamond hands. Bitcoin has witnessed a sharp rally over the past week that has taken it past the $122,000 level. Considering the nature of the STHs, it would be expected that they would be looking to take some profits. For LTHs, tracking selling can be simple because as soon as a member of the cohort breaks their dormancy, their coins exit the cohort and enter the STHs, as their age counter resets back to zero. It’s not quite as easy in the case of the STHs, however, as the group’s coins are constantly in motion within its members. One way to gauge STH selling is through their transactions to exchanges. Generally, one of the main reasons why investors use these centralized platforms is for trading-related purposes, so deposits to them can be an indication that there is demand for selling the cryptocurrency. Below is the chart shared by Maartunn that shows the trend in the exchange inflows coming from the Bitcoin STHs. As is visible in the graph, the Bitcoin STH deposits to exchanges have shot up alongside the latest price rally. The inflows that have spiked have specifically been the profit ones, with there being no loss deposits at all. Thus, it seems the buyers who got in during the price all-time high (ATH) are choosing to hold through this run. In total, the STHs have transferred 46,276 BTC over a 24-hour span during the latest run. At the current exchange rate, this is equivalent to a whopping $5.7 billion. The analyst notes that this is one of the largest spikes that the indicator has seen recently. Related Reading: Bitcoin Breaks $119,000: Analyst Says $139,000 Could Be Next It now remains to be seen whether enough demand will appear to absorb this selling pressure, or if the profit-taking will provide impedance to the Bitcoin rally. BTC Price At the time of writing, Bitcoin is floating around $122,700, up more than 11% over the last seven days. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Ethereum Poised For Breakout? SOPR Trend Hints At $5,000 Upside
Ethereum (ETH) has been on an uptrend since September 28, surging from around $3,800 to the mid $4,000 range at the time of writing. According to recent data from Binance, ETH went through a “reset” during the second half of September and early October, and may now be eyeing the $5,000 price level. Ethereum Reset Over, New Highs Soon? According to a CryptoQuant Quicktake post by contributor Arab Chain, ETH underwent a healthy reset over the past few weeks. While the digital asset initially dropped to $3,800 – $3,900 range, it is now trading in the mid $4,000 level. Related Reading: Ethereum Close To Local Bottom? Analyst Flags Drop In Binance Open Interest At the same time, ETH’s Spent Output Profit Ratio (SOPR) remained volatile around 1.0, with multiple spikes above one and a singular outlier, shown in the chart below. It suggests that short-term inflows are generating enough demand to meet the supply. In simple words, any price decline is quickly reversed as long as the ETH SOPR remains above 1.0. The chart shows a local bottom created in late September near $3,800 – $3,900. This local bottom was soon followed by a gradual rebound to $4,500. However, the reversal did not occur at once. Instead, it occurred in multiple stages, with short price corrections that did not go below previous lows. For most of this period, the SOPR hovered between 0.98 and 1.03, a neutral range that suggests a rotation in position instead of a broad market sell-off. Although some flash highs surged above 1.0, these profit-taking bursts were quickly absorbed by the strong demand for ETH. Currently, Ethereum is showing signs of reaccumulation. As long as any pullback keeps the SOPR at or above 1.0 and the support level at $4,000 is not breached, ETH could benefit from a continued upside scenario. Arab Chain added: A sustained break above 4.5K would consolidate demand momentum and open the way for gradually higher targets, while a break below 4.0K with SOPR <1 would be the first clear sign that sellers have taken control. ETH Reserves On Exchange Continue To Dwindle Besides ETH’s bullish momentum that may propel it to $5,000, the digital asset’s reserves on crypto exchanges continue to decline. Recent analysis found that an increasing number of new ETH investors are withdrawing ETH for self-custody or staking. Related Reading: Ethereum Open Interest Sees Sharpest Reset Since 2024 As Price Drops Below $4,000 ETH whale behavior also points toward a potential upcoming price rally for the cryptocurrency. Recently, ETH whales scooped as much as $1.73 billion worth of ETH, sending exchange balances to a nine-year low. From a technical standpoint, Ethereum’s Relative Strength Index (RSI) recently gave a rare bullish signal, suggesting a potential price appreciation to $8,000. At press time, ETH trades at $4,471, up 2.6% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com