XRP News Today: Bitcoin Holds Above $105,000 Amid Geopolitical Optimism

Bitcoin (BTC) is currently facing selling pressure just above $108,000, but the bulls have managed to prevent the price from dipping below $105,000. This indicates that investors are holding onto their positions in anticipation of a price increase. Analysts are optimistic about Bitcoin's prospects, with BitMEX founder Arthur Hayes suggesting that easing geopolitical tensions in the Middle East and the passage of stablecoin regulations in the United States could drive Bitcoin to a new all-time high.

Ether (ETH) has been holding steady above the 20-day exponential moving average (EMA) of $2,466, signaling that bulls are maintaining their pressure. If buyers can overcome the resistance at the 50-day simple moving average (SMA) of $2,535, the ETH/USDT pair could climb to the $2,738 to $2,879 resistance zone. However, sellers are expected to defend this zone, and a break below $2,323 could open the gates for a fall to the breakout level of $2,111.

XRP (XRP) has failed to push above the 50-day SMA of $2.26, indicating a lack of demand at higher levels. Sellers are attempting to pull the price below the $2 support, which could lead to a downward move toward the critical level at $1.61. Buyers will try to halt the decline at $1.61, as a break below it may sink the pair to $1.28. The bulls will need to push the price above the $2.34 resistance to signal that the pair may remain range-bound between $2 and $2.65 for a while longer.

BNB (BNB) turned down from the resistance line of the descending channel pattern but has not given up much ground. This suggests that bulls are not in a hurry to exit their positions, enhancing the prospects of a break above the resistance line. If this happens, the BNB/USDT pair could rally to $675 and then to $698. The critical support to watch on the downside is $625, and a break below this level could indicate an extended stay inside the channel.

Solana (SOL) turned down from the 20-day EMA of $146 but bulls are trying to defend the $140 level. If the price turns up from $140 and breaks above the 20-day EMA, it suggests that bulls are trying to form a higher low, opening the doors for a rally to the 50-day SMA of $159. However, if the price turns down from the 20-day EMA and skids below $140, it signals that bears remain in command, and the SOL/USDT pair could drop to $123 and subsequently to the solid support at $110.

Dogecoin (DOGE) is facing selling at the 20-day EMA of $0.17, but bulls have not ceded much ground to the bears. This increases the likelihood of a break above the 20-day EMA, which could lead to a climb to the 50-day SMA of $0.19. Sellers will try to defend the 50-day SMA, but if bulls prevail, the pair could surge to $0.26. Conversely, if the price turns down from $0.21, it suggests that the pair could remain in the bottom half of the large range between $0.14 and $0.26, with a potential plummet to $0.10 if the $0.14 support breaks down.

Cardano (ADA) is facing selling at the 20-day EMA of $0.60, indicating that bears remain in control. Sellers will try to pull the price below the $0.50 support, but bulls are expected to mount a strong defense. The first sign of strength will be a break and close above the 20-day EMA, which could lead to a climb to the 50-day SMA of $0.69 and later to the downtrend line. Alternatively, a close below $0.50 will complete a bearish descending triangle pattern, and the pair could then decline to $0.40.

Hyperliquid (HYPE) is witnessing a tough battle between bulls and bears near the 20-day EMA of $36.93. The flattish 20-day EMA and the RSI near the midpoint do not give a clear advantage to either side. Buyers will need to drive the price above $39.12 to gain the upper hand, which could lead to a climb to $45.80. However, if the price turns down and breaks below the 50-day SMA of $33.92, the pair could descend to the $30.69 support. Buyers are expected to defend this level with all their might, as a break below it will complete a bearish head-and-shoulders pattern.

Bitcoin Cash (BCH) rose above the $500 resistance but could not sustain the higher levels. The repeated retest of a resistance level tends to weaken it, and buyers are again attempting to clear the $500 hurdle. If they manage to do that, the BCH/USDT pair could soar to $550. Conversely, if the price turns down sharply from $500, it suggests that bears are aggressively defending the level, and the pair could pull back to the 20-day EMA of $457, likely attracting buyers.

Chainlink (LINK) has been facing resistance at the 20-day EMA of $13.24, but bulls have not ceded much ground to the bears. The bulls will try to challenge the resistance line, which is an important level to watch out for in the near term. If the price rises and maintains above the resistance line, it signals a potential trend change, and the LINK/USDT pair could rally to $16 and later to $18. However, sellers will try to vigorously defend the zone between the 20-day EMA and the resistance line, and if the price turns down sharply from the overhead zone, the pair could descend to $10.94.