XRP News Today: XRP Consolidates Near $3 Amid Bullish Indicators Ethereum Surges Past $3,000 Bitcoin Faces Support Test After $125,000 Reversal

XRP has shown remarkable resilience, maintaining its position just below the $3 threshold despite recent resistance. The asset's on-chain volume, which previously pushed it into the billion XRP club, has since declined as whale activity tapered off. However, this has not deterred XRP from showing bullish characteristics. The price action reveals a consolidation phase rather than a reversal, supported by a significant gap between current prices and major moving averages such as the 50-day and 200-day EMAs, which remain well below the current price level.

Market indicators further underscore the bullish sentiment. The Relative Strength Index (RSI) hovering around 80 suggests strong buying interest, with dips into the mid-$2.80s quickly met by buyers stepping in. This behavior indicates that investors are capitalizing on minor pullbacks as entry points, reinforcing the asset’s upward momentum. Should XRP break and sustain above the $3.02 resistance, it could trigger renewed buying pressure, potentially driving prices toward the next resistance near $3.30. Conversely, any retracement that holds above $2.70 is likely a healthy reset rather than a trend reversal.

Ethereum’s recent breakthrough above the $3,000 psychological level marks a significant shift from its previous failed attempt in May. Unlike the earlier rally that faltered near the 200-day EMA, ETH has now decisively surpassed this and other major moving averages, signaling a robust upward trend. This breakout is supported by increasing volume and consistent daily gains, reflecting sustained buying interest rather than speculative volatility.

The RSI approaching overbought territory near 77 highlights the strength of this rally rather than exhaustion. Persistent price appreciation coupled with high RSI levels typically indicates long-term accumulation. Ethereum faces relatively minimal resistance until it approaches the $4,000 zone, which aligns with pre-crash support levels from late 2024. Traders should remain vigilant for potential short-term pullbacks, but the overall trend remains bullish as long as ETH stays above the 50-day EMA near $2,700.

Bitcoin’s recent price action presents a mixed picture, with a sharp rally above $120,000 followed by a swift reversal from a peak near $125,000. This retreat was accompanied by a significant spike in volume, suggesting that large-scale selling, rather than fresh institutional buying, drove the downturn. Such volume patterns often indicate profit-taking by major holders, which could undermine bullish momentum if Bitcoin fails to reclaim the $120,000 level.

Despite this setback, on-chain data and exchange order books reveal a dense cluster of leveraged long positions between $112,000 and $118,000. These levels are expected to provide substantial support, as liquidation cascades in these zones typically attract aggressive buying to defend positions. While the RSI remains elevated at 69, it is not yet signaling extreme overbought conditions, offering bulls a window to stabilize and consolidate. Maintaining price above this support range is critical for Bitcoin to avoid a deeper correction and preserve its upward trajectory.

In summary, XRP’s steadfast consolidation near the $3 mark, supported by strong on-chain activity, positions it well for a potential breakout. Ethereum’s decisive move past key resistance levels underscores a bullish momentum that could carry it toward $4,000 in the near term. Conversely, Bitcoin’s recent failed breakout and subsequent volume-driven decline highlight the need for cautious optimism, with critical support zones likely to dictate its next directional move. Investors should monitor these key levels closely to gauge market sentiment and potential shifts in momentum.