XRP News Today: Bitcoin Whales Accumulate 83,105 BTC, Pushing Price Towards $109,588 All-Time High

Bitcoin (BTC) is currently trading above $103,000, with buyers attempting to push the price to its all-time high of $109,588. According to research firm Santiment, Bitcoin whales and sharks, holding between 10 to 10,000 Bitcoin, have accumulated 83,105 Bitcoin in the past 30 days. This accumulation suggests that it may not be long before Bitcoin's all-time high is surpassed. However, Alphractal CEO Joao Wedson has expressed caution, stating that Bitcoin is currently in the "Alpha Price" zone, which could attract profit booking by long-term holders or whales.

If Bitcoin maintains its price above $100,000, there is a possibility of a retest of the all-time high. The resistance zone between $107,000 and $109,588 is significant, but if this zone is crossed, the BTC/USDT pair could surge to $130,000. Conversely, a sharp pullback below the 20-day exponential moving average ($98,407) could lead to a decline to the 50-day simple moving average ($89,952).

Ether (ETH) has surged above the $2,550 resistance level, but higher levels are attracting sellers. The overbought level on the RSI indicates a possible correction or consolidation in the near term. If the price slips below $2,550, bears may attempt to pull the ETH/USDT pair below $2,400, potentially extending the pullback to the 20-day EMA ($2,147). Conversely, a bounce off $2,550 suggests that bulls are buying on minor dips, enhancing the likelihood of a rally to $3,000.

XRP’s rally is facing resistance at $2.65, but bulls have not ceded ground to bears, improving the prospects of a rally above $2.65. Once this resistance is scaled, the XRP/USDT pair could ascend to $3, with significant resistance expected in the $3 to $3.40 zone. The 20-day EMA ($2.32) is a vital support level to watch on the downside. A sharp turn down from $2.65 and a break below the 20-day EMA could result in a range formation between $2.65 and $2.

Buyers have kept BNB above the breakout level of $644 but are struggling to push the price above $675. The rising 20-day EMA ($627) and the RSI in positive territory indicate that buyers have an edge. A break and close above $675 could open the doors for a possible rally to the overhead resistance of $745. However, if the price turns down and breaks below the 20-day EMA, the BNB/USDT pair could descend to the 50-day SMA ($603).

Solana (SOL) resumed its upward move after breaking above the $180 resistance on May 13, but bulls are struggling to hold on to higher levels. Bears have pulled the price back below $180, and if they sustain the lower levels, the SOL/USDT pair could skid to the 20-day EMA ($159). A solid bounce off the 20-day EMA suggests that bullish momentum remains intact, with bulls aiming to catapult the pair to $210. Conversely, a break and close below the 20-day EMA could signal a bull trap, with the pair tumbling to $153.

Dogecoin (DOGE) bounced off the breakout level of $0.21, signaling that bulls are trying to flip the level into support. The 20-day EMA ($0.20) has started to turn up, and the RSI is near the overbought territory, indicating an advantage for buyers. A break and close above $0.26 could signal the resumption of the rally, opening the doors for a rally to $0.28 and thereafter to $0.31. Conversely, if the price turns down and breaks below $0.21, it suggests a lack of demand at higher levels, with the DOGE/USDT pair potentially slumping to the 50-day SMA ($0.17).

Buyers have successfully held the retest of the neckline in Cardano (ADA), indicating buying on dips. The bulls will try to resume the up move by pushing the price above $0.86. If they manage to do that, the ADA/USDT pair could pick up momentum and rally toward the pattern target of $1.01. However, if the price turns down and breaks below the neckline, it suggests that bears have overpowered the bulls, potentially sinking the pair to the 50-day SMA ($0.68).

Sui (SUI) has been trading between $4.25 and $3.90, indicating that bulls are holding on to their positions as they anticipate another leg higher. If buyers propel the price above $4.25, the SUI/USDT pair could pick up momentum and surge to $5. However, buyers may find it difficult to clear the overhead zone between $5 and the all-time high of $5.37. Alternatively, if the price turns down and closes below $3.90, it suggests that bulls are booking profits, with the pair potentially descending to the 20-day EMA ($3.57).

Chainlink’s (LINK) up move is facing selling at the resistance line, but bulls have not ceded much ground to bears. The upsloping 20-day EMA ($15.43) and the RSI near the overbought zone indicate that the path of least resistance is to the upside. A short-term trend change will be signaled if buyers pierce the resistance line, with the LINK/USDT pair potentially rallying toward the target objective of $21.30. Conversely, sellers will have to tug the price below the neckline to gain strength, potentially pulling the pair to the 50-day SMA ($13.96).

Avalanche (AVAX) bounced off the breakout level of $23.50, indicating that bulls have flipped the level into support. There is minor resistance at $28.78, but it is likely to be crossed. If that happens, the AVAX/USDT pair could rally to $31.73 and subsequently to $36. The 20-day EMA ($22.63) is the critical support to watch out for on the downside. If bears want to make a comeback, they will have to quickly pull the price below the 20-day EMA, with the pair potentially sliding to $19.