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 - NEWSBTC
Bitcoin Steadies After Rally – Is Another Powerful Breakout Just Ahead? Bitcoin price started a strong increase and traded above $124,000. BTC is now consolidating gains and might aim for a fresh rally in the short term. Bitcoin started a major increase above the $123,500 zone. The price is trading above $122,000 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming with support at $123,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it clears the $124,500 zone. Bitcoin Price Starts Fresh Rally Bitcoin price managed to stay above the $120,000 zone and started a fresh increase. BTC settled above the $121,500 resistance zone to start the current move. The bulls were able to pump the price above the $123,500 and $124,000 levels. They even cleared the $125,000 level. A high was formed at $125,670 before there was a minor pullback to $122,250. The price is again rising and trading near the 50% Fib retracement level of the recent decline from the $125,670 swing high to the $122,320 low. Bitcoin is now trading above $123,000 and the 100 hourly Simple moving average. Besides, there is a short-term bullish trend line forming with support at $123,000 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $124,000 level. The first key resistance is near the $124,500 level or the 61.8% Fib retracement level of the recent decline from the $125,670 swing high to the $122,320 low. The next resistance could be $125,500. A close above the $125,500 resistance might send the price further higher. In the stated case, the price could rise and test the $126,500 resistance. Any more gains might send the price toward the $128,000 level. The next barrier for the bulls could be $130,000. Downside Correction In BTC? If Bitcoin fails to rise above the $124,500 resistance zone, it could start a fresh decline. Immediate support is near the $123,000 level and the trend line. The first major support is near the $122,250 level. The next support is now near the $121,500 zone. Any more losses might send the price toward the $120,000 support in the near term. The main support sits at $118,500, below which BTC might struggle to recover in the short term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $123,000, followed by $122,250. Major Resistance Levels – $124,500 and $125,500.
 - Bitcoin.com
 - NEWSBTC
XRP Ready For Bullish Pop As Important Technical Signal Reappears XRP has defended support at $2.90 and made several attempts to push above $3.10 over the past week. Although XRP bulls have managed to hold above $3, the cryptocurrency hasn’t really followed rallies witnessed by Bitcoin and Ethereum in the past 24 hours. Nonethless, XRP’s price action in the past few days has caused its price chart to print a new technical setup that has previously marked the beginning of significant rallies, and history might repeat itself again. Related Reading: Bitcoin Breaks $123,000 As Rising Open Interest Signals More Action Ahead Bullish XRP Technical Signal Reappears Technical analysis of XRP’s 3-day candlestick chart shows that the cryptocurrency is currently repeating a technical signal which has preceded rallies multiple times this cycle. This signal, which was first revealed on the social media platform X by crypto analyst Cryptoinsightsuk, holds importance, as it has preceeded three different price rallies already this cycle. Crypto analyst Cryptoinsightuk shared a post on X highlighting this development, noting that XRP just achieved a great 3-day candle close and a simultaneous bullish cross on the 3-day RSI, which is a setup that historically preceded explosive price movements. The RSI, which tracks momentum shifts in market sentiment, has just crossed above its signal line to form a bullish structure identical to those seen in November 2024, April 2025, and June 2025. Each of these past simultaneous 3-day candle closes and RSI crosses occurred shortly before major XRP rallies. The RSI crossover in November 2024 occurred right before the most remarkable XRP rally since 2017. Notably, this RSI breakout was followed by a sharp 500% price surge, and XRP’s price increased from around $0.5 to over $3 within the weeks that followed. The April 2025 signal similarly preceded another leg up. Although the resulting rally was smaller than the November 2024 rally, XRP went from around $1.9 to $2.7. Then came June 2025, when the same RSI and candle setup appeared for a third time after XRP closed its 3-day candlestick above $2.2. This one proved even more significant than April’s signal, and this eventually culminated in a new all-time high of $3.65. XRP 3D Price Chart. Source: Cryptoinsightuk on X Market Context And What Comes Next The patterns noted above are very important for XRP, and there’s no reason for it not to repeat the same rally. According to Cryptoinsightuk, the reappearance of this exact signal suggests that XRP might once again be gearing up for pop to the upside. Interestingly, the signal also sets a good precedent for the possible approval of Spot XRP ETF applications by the US SEC. Related Reading: XRP To $100? Analyst Says It Could Be The Next Amazon At the time of writing, XRP is trading at $3.03. If history repeats itself even on a smaller scale, such as the rally witnessed in April 2025, XRP could climb toward $3.80 in the coming weeks. The most bullish repeat scenario could see the XRP price climb as high as $15. Featured image from Unsplash, chart from TradingView
 - Bitcoin.com
 - Bitcoin.com
 - NEWSBTC
Bitcoin Steadies After Rally – Is Another Powerful Breakout Just Ahead? Bitcoin price started a strong increase and traded above $124,000. BTC is now consolidating gains and might aim for a fresh rally in the short term. Bitcoin started a major increase above the $123,500 zone. The price is trading above $122,000 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming with support at $123,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it clears the $124,500 zone. Bitcoin Price Starts Fresh Rally Bitcoin price managed to stay above the $120,000 zone and started a fresh increase. BTC settled above the $121,500 resistance zone to start the current move. The bulls were able to pump the price above the $123,500 and $124,000 levels. They even cleared the $125,000 level. A high was formed at $125,670 before there was a minor pullback to $122,250. The price is again rising and trading near the 50% Fib retracement level of the recent decline from the $125,670 swing high to the $122,320 low. Bitcoin is now trading above $123,000 and the 100 hourly Simple moving average. Besides, there is a short-term bullish trend line forming with support at $123,000 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $124,000 level. The first key resistance is near the $124,500 level or the 61.8% Fib retracement level of the recent decline from the $125,670 swing high to the $122,320 low. The next resistance could be $125,500. A close above the $125,500 resistance might send the price further higher. In the stated case, the price could rise and test the $126,500 resistance. Any more gains might send the price toward the $128,000 level. The next barrier for the bulls could be $130,000. Downside Correction In BTC? If Bitcoin fails to rise above the $124,500 resistance zone, it could start a fresh decline. Immediate support is near the $123,000 level and the trend line. The first major support is near the $122,250 level. The next support is now near the $121,500 zone. Any more losses might send the price toward the $120,000 support in the near term. The main support sits at $118,500, below which BTC might struggle to recover in the short term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $123,000, followed by $122,250. Major Resistance Levels – $124,500 and $125,500.
 - CoinDesk
 - Bitcoin.com
 - NEWSBTC
XRP Ready For Bullish Pop As Important Technical Signal Reappears XRP has defended support at $2.90 and made several attempts to push above $3.10 over the past week. Although XRP bulls have managed to hold above $3, the cryptocurrency hasn’t really followed rallies witnessed by Bitcoin and Ethereum in the past 24 hours. Nonethless, XRP’s price action in the past few days has caused its price chart to print a new technical setup that has previously marked the beginning of significant rallies, and history might repeat itself again. Related Reading: Bitcoin Breaks $123,000 As Rising Open Interest Signals More Action Ahead Bullish XRP Technical Signal Reappears Technical analysis of XRP’s 3-day candlestick chart shows that the cryptocurrency is currently repeating a technical signal which has preceded rallies multiple times this cycle. This signal, which was first revealed on the social media platform X by crypto analyst Cryptoinsightsuk, holds importance, as it has preceeded three different price rallies already this cycle. Crypto analyst Cryptoinsightuk shared a post on X highlighting this development, noting that XRP just achieved a great 3-day candle close and a simultaneous bullish cross on the 3-day RSI, which is a setup that historically preceded explosive price movements. The RSI, which tracks momentum shifts in market sentiment, has just crossed above its signal line to form a bullish structure identical to those seen in November 2024, April 2025, and June 2025. Each of these past simultaneous 3-day candle closes and RSI crosses occurred shortly before major XRP rallies. The RSI crossover in November 2024 occurred right before the most remarkable XRP rally since 2017. Notably, this RSI breakout was followed by a sharp 500% price surge, and XRP’s price increased from around $0.5 to over $3 within the weeks that followed. The April 2025 signal similarly preceded another leg up. Although the resulting rally was smaller than the November 2024 rally, XRP went from around $1.9 to $2.7. Then came June 2025, when the same RSI and candle setup appeared for a third time after XRP closed its 3-day candlestick above $2.2. This one proved even more significant than April’s signal, and this eventually culminated in a new all-time high of $3.65. XRP 3D Price Chart. Source: Cryptoinsightuk on X Market Context And What Comes Next The patterns noted above are very important for XRP, and there’s no reason for it not to repeat the same rally. According to Cryptoinsightuk, the reappearance of this exact signal suggests that XRP might once again be gearing up for pop to the upside. Interestingly, the signal also sets a good precedent for the possible approval of Spot XRP ETF applications by the US SEC. Related Reading: XRP To $100? Analyst Says It Could Be The Next Amazon At the time of writing, XRP is trading at $3.03. If history repeats itself even on a smaller scale, such as the rally witnessed in April 2025, XRP could climb toward $3.80 in the coming weeks. The most bullish repeat scenario could see the XRP price climb as high as $15. Featured image from Unsplash, chart from TradingView
 - Cointelegraph
 - Bitcoin.com
 - Bitcoin.com
 - CoinDesk