"Crypto Whales Circle Bitcoin Layer 2 Stars"

Crypto Whales Eye PlutoChain, Ripple, Ethereum, Kaspa, and Solana: Bitcoin Layer 2 Technology Gains Attention

PlutoChain ($PLUTO), an innovative Layer-2 solution, is poised to bring smart contracts and decentralized apps to Bitcoin's blockchain. With a testnet handling over 43,200 daily transactions, PlutoChain demonstrates strong scalability and potential for broader adoption. Its focus on community governance and compatibility with Ethereum's Virtual Machine (EVM) could enable smoother integration of Ethereum-based applications into Bitcoin's network, opening doors to exciting opportunities in DeFi, NFTs, and AI.

XRP (XRP) has recently experienced notable price fluctuations, with key technical indicators signaling the potential for future gains. As of January 23, 2025, XRP is trading at $3.14, reflecting a minor decrease of 0.95% from the previous day. The Relative Strength Index (RSI) sits at 64.94, showing some bullish momentum, though it’s edging closer to overbought conditions. Meanwhile, the Moving Average Convergence Divergence (MACD) recently triggered a bearish crossover, which hints at possible consolidation. Key support levels to watch are $3.00 and $2.80, while resistance levels are set at $3.50 and $3.80. A breakout above the $3.50 resistance could push XRP toward $4.00, but failure to maintain support may cause a retreat to $2.50. Whale activity remains strong with large holders accumulating a substantial portion of the total supply. If XRP breaks the $3.50 resistance, it could challenge its all-time high of $3.84.

Ethereum (ETH) has experienced some fluctuation recently, impacted by both technical and market sentiment factors. As of January 23, 2025, ETH is trading at $3,280, slightly down by 0.13% from the previous day. The RSI currently sits at 64.94, reflecting strong buying interest but nearing overbought levels, signaling potential for a short-term pullback. The MACD is showing signs of weakening momentum, suggesting a possible correction or consolidation phase. Support levels for Ethereum are