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Ripple Price Analysis: $1.65 Rejection Shakes XRP

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Ripple Price Analysis: $1.65 Rejection Shakes XRP

The popular altcoin has been rejected at the long-term channel’s midline, triggering a liquidity sweep. Nevertheless, XRP is in a short-term recovery phase within a broader bearish framework, and a confirmed breakout from the $1.2–$1.8 range will likely determine the next impulsive move.

Ripple Price Analysis: The Daily Chart

On the daily timeframe, the latest impulsive decline drove the price into the major demand zone around the $1.2 region, where a strong bullish reaction emerged. This area has acted as a structural floor, preventing further continuation toward lower levels.

Despite the rebound, the asset is still trading below the channel’s midline and beneath the dynamic resistance formed by the descending structure. The $1.8 region now stands as a critical static resistance level, aligning with prior support turned resistance. As long as XRP remains below this zone and under the channel’s upper half, the broader structure remains corrective.

A decisive daily close above the $1.8 region would shift momentum and open the path toward the next supply area near $2.1–$2.2. Conversely, failure to sustain above the recent higher low increases the probability of another rotation back toward the $1.2 demand zone.

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XRP/USDT 4-Hour Chart

Zooming into the 4-hour timeframe, the rebound from $1.2 appears more structured, forming a short-term base followed by a bullish push into the $1.8 supply zone. However, the recent move above this level resulted in a false breakout, as indicated on the chart, with the price quickly rejecting and returning below the resistance.

This rejection reinforces the significance of the $1.8 region as a mid-term supply barrier. Currently, XRP is fluctuating between $1.2 and $1.8, forming a local consolidation pattern after a false breakout, with $1.5 mark acting as the internal supply zone.

If buyers manage to reclaim and hold above $1.5 with strong momentum, the next upside target would be the $1.8 daily resistance. On the other hand, continued rejection from this zone could push the price back toward the $1.35 support and potentially retest the major $1.2 demand area.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

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Bitcoin Stalls at a Critical Stress Zone as On-Chain Data Warns the Bottom May Not Be In Yet

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Bitcoin Stalls at a Critical Stress Zone as On-Chain Data Warns the Bottom May Not Be In Yet


Bitcoin’s price action is hovering near a level where weaker holders exit and stronger hands begin accumulating historically.

Bitcoin has remained rangebound between $60,000 and $70,000, as choppy trading continued to reflect fears of a further downside move. Fresh data highlights risk building near Short-Term Holder Realized Price bands.

These areas have historically witnessed the start of accumulation and emerging opportunities for global market participants.

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High-Risk, High-Opportunity Zone

According to Alphractal, Bitcoin is currently trading within a tight range defined by the Short-Term Holder Realized Price, and its price action is trapped between key support and resistance levels. In recent weeks, BTC has closely respected the -1σ and -1.5σ deviation bands.

Previous instances reveal that when the crypto asset breaks below the lower blue deviation band, the market typically sees one of two outcomes. Either the formation of a local bottom or a deeper capitulation phase, followed by accumulation. These deviation bands have consistently acted as natural support and resistance across multiple market cycles. To top that, the -1.5σ level has repeatedly represented periods of maximum stress, where selling pressure from short-term holders intensifies, and longer-term participants begin accumulating.

Against this backdrop of high short-term holder stress, Alphractal founder Joao Wedson pointed to a longer-term metric that may indicate the market is not yet at a historical turning point. The Net Unrealized Profit/Loss (NUPL) metric for long-term holders, which tracks whether the most resilient investors are sitting on unrealized gains or losses, currently stands at 0.36, which means that long-term holders remain in profit despite recent volatility.

Upon looking at past cycles, Wedson found that the clearest late bear-market signal tends to emerge only when this metric turns negative, a condition associated with extreme pessimism and seller exhaustion. Such phases have marked the end of bear markets, rather than the start of a new bull cycle.

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Miners Reduce Exchange Exposure

As Bitcoin trades near crucial stress levels, further on-chain data shows miners adjusting their positioning amid ongoing market pressure. Data shared by CryptoQuant depicts a significant change in miner behavior as more than 36,000 Bitcoin were withdrawn from exchanges since the beginning of February.

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The pace of withdrawals has accelerated compared to previous months, which points to changes in holding strategies or liquidity management. Of this total, over 12,000 BTC were withdrawn from Binance, while more than 24,000 BTC were spread across other exchanges, indicating that it’s not an isolated activity. Such movements are typically associated with transfers to long-term storage, as miners move assets off exchanges into cold wallets, and reduce immediate sell-side supply.

Daily withdrawals peaked above 6,000 BTC, the highest level since November, and significantly exceeded January levels. This means that miners may be repositioning against the backdrop of the current market uncertainty.

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$202 Million Solana Selling Sparks First Capitulation Since 2022

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Solana Balance On Exchanges

Solana remains under sustained pressure as broader market conditions deteriorate. SOL has extended its downtrend for several weeks, reflecting reduced investor confidence. 

Recent on-chain data reveals a surge in exchange-directed supply. Roughly $202 million worth of SOL has moved to trading platforms since the beginning of the month. This wave of selling has intensified bearish momentum and revived capitulation signals not observed since 2022.

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Solana Holders Are Selling

Active deposits on the Solana network have started declining after a sharp rise earlier this month. This metric tracks tokens transferred to exchanges, often signaling intent to sell.

Despite moderating deposit flows, exchange balances continue to reflect elevated supply. Over the past 17 days, exchange wallets have added 2.35 million SOL. At current prices, this increase equates to approximately $202 million in additional sell-side liquidity.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Solana Balance On Exchanges
Solana Balance On Exchanges. Source: Glassnode

Rising exchange reserves generally amplify downward pressure. Larger balances make it easier for traders to execute sell orders. However, this influx has also triggered a historical capitulation signal. Similar spikes in exchange supply previously aligned with late-stage bear market conditions.

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The MVRV Pricing Bands provide critical valuation context. Solana’s price is currently trading below the Extreme Lows deviation band. For this classification, the Market Value to Realized Value ratio must stay below 0.8 for roughly 5% of trading days.

SOL has remained beneath that threshold for 26% of recent sessions. This confirms a prolonged undervaluation phase. The only comparable event occurred in May 2022. Following that period, Solana remained depressed for 17 months before staging a meaningful recovery.

Solana MVRV Pricing Bands.
Solana MVRV Pricing Bands. Source: Glassnode

SOL Price Downtrend Continues

Solana is trading at $86 at the time of writing. The token remains capped below the $90 resistance while holding above the $81 support zone. A move above $90 would intersect the prevailing downtrend line, signaling potential technical improvement.

However, current data suggests downside risk persists. Continued exchange inflows and weak macro momentum could pressure SOL further. A decisive break below $81 may expose the next support near $67, extending the drawdown.

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Solana Price Analysis.
Solana Price Analysis. Source: TradingView

Alternatively, reclaiming $90 would shift short-term sentiment. A breakout above the descending trendline could attract renewed capital inflows. If momentum strengthens, SOL may rally toward $105 and potentially higher, invalidating the prevailing bearish thesis.

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Kraken Integrates OTC Desk with ICE Chat for Institutions

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Kraken Integrates OTC Desk with ICE Chat for Institutions

US-based crypto exchange Kraken has integrated its over-the-counter desk with Intercontinental Exchange’s ICE Chat, enabling institutional traders to access Kraken’s crypto liquidity directly through a messaging platform widely used across global financial markets.

ICE Chat connects more than 120,000 market participants, including banks, brokers and trading desks that use the system for real-time deal negotiation and execution. The integration allows those clients to communicate directly with Kraken’s OTC desk within their existing trading workflows.

Kraken said it is the first cryptocurrency platform approved to connect to ICE Chat, placing its crypto liquidity alongside traditional asset classes within established institutional communications infrastructure.