XRP price struggled to stay above $3.020 and $3.050. The price is now 
consolidating gains and might correct lower toward the $2.920 zone. XRP price 
is slowly moving lower below the $3.00 pivot zone. The price is now trading 
below $3.00 and the 100-hourly Simple Moving Average. There is a key declining 
channel forming with resistance at $3.0450 on the hourly chart of the XRP/USD 
pair (data source from Kraken). The pair could start a fresh increase if it 
settles above $3.050. XRP Price Faces Hurdles XRP price started a decent 
increase after it settled above the $2.820 level, but it underperformed 
Bitcoin and Ethereum. The price was able to surpass the $2.90 and $2.950 
resistance levels. The price even climbed above $3.020 before the bears 
appeared. A high was formed at $3.098 and the price corrected some gains. The 
last swing low was formed at $2.950 before the price retested $3.050. The 
price is now moving lower below the 50% Fib retracement level of the recent 
wave from the $2.950 swing low to the $3.048 high. The price is now trading 
below $3.00 and the 100-hourly Simple Moving Average. On the upside, the price 
might face resistance near the $3.020 level. The first major resistance is 
near the $3.050 level. There is also a key declining channel forming with 
resistance at $3.0450 on the hourly chart of the XRP/USD pair. A clear move 
above the $3.050 resistance might send the price toward the $3.080 resistance. 
Any more gains might send the price toward the $3.120 resistance. The next 
major hurdle for the bulls might be near $3.150. Another Decline? If XRP fails 
to clear the $3.030 resistance zone, it could start a fresh decline. Initial 
support on the downside is near the $2.9720 level or the 76.4% Fib retracement 
level of the recent wave from the $2.950 swing low to the $3.048 high. The 
next major support is near the $2.920 level. If there is a downside break and 
a close below the $2.920 level, the price might continue to decline toward 
$2.850. The next major support sits near the $2.80 zone, below which the price 
could continue lower toward $2.720. Technical Indicators Hourly MACD – The 
MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative 
Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support 
Levels – $2.950 and $2.920. Major Resistance Levels – $3.020 and $3.050.

XRP Price Trails Bitcoin – Can It Break Past The Hurdles Holding It Back?

On-chain data shows the Bitcoin short-term holder whales are sitting on their 
highest unrealized gain of the cycle after the latest rally. Bitcoin Short- 
Term Holder Whales Are Carrying $10.1 Billion In Profits As pointed out by 
CryptoQuant community analyst Maartunn in a new post on X, the Bitcoin short- 
term holder whales have seen their profits hit the highest point of the cycle. 
The short-term holders (STHs) broadly refer to the BTC investors who purchased 
the cryptocurrency within the past 155 days. These holders are considered to 
include the &#8220;weak hands&#8221; of the market, who tend to panic at the sight of 
volatility. Related Reading: Bitcoin STH Exchange Inflows Hit $5.7B: Profit- 
Taking Already Underway? In the context of the current topic, the STHs as a 
whole aren&#8217;t of relevance, but rather a specific portion of the cohort: the 
whales. &#8220;Whales&#8221; are defined as entities carrying more than 1,000 tokens of 
the asset in their wallet balance. The STH whales, therefore, would be the 
holders of this size who got into the market in the last five months. Bitcoin 
is currently trading at price levels it has never reached before in its 
history, so the STHs (barring those who bought at the weekend high above 
$125,000) would naturally all be in profit at the moment. An indicator that 
can highlight the scale of their gain is the Unrealized P&amp;L, which measures, 
as its name suggests, the net amount of unrealized profit/loss that Bitcoin 
holders are carrying right now. Below is the chart shared by Maartunn that 
shows the trend in this indicator for the Bitcoin STH whales over the past 
year. From the graph, it&#8217;s visible that the Bitcoin STH whales fell into the 
red during the cryptocurrency&#8217;s decline in late September. But with the rally 
in the asset, the Unrealized P&amp;L for the group has seen a sharp recovery into 
the positive region, rising to a high of $10.1 billion. The analyst notes that 
this is a cycle high for the metric. Given the weak nature of the STHs, it&#8217;s 
possible that these massive profits may entice some of these whales into 
exiting the market here. It now remains to be seen whether enough demand will 
keep coming in to absorb any such potential profit-taking. Related Reading: 
Dogecoin’s Big Breakout Incoming? Analyst Calls To “Stay Alert” Speaking of 
the STHs, the current cycle has seen two large waves of coin transfer from the 
long-term holders (LTHs) to the STHs, as on-chain analysis suite Checkonchain 
has highlighted in an X post. &#8220;3.45M BTC has shifted to Short-Term Holders 
this cycle, rivaling 2016–17 in scale but at 100x higher prices,&#8221; notes 
Checkonchain. BTC Price At the time of writing, Bitcoin is floating around 
$124,600, up around 11% over the last seven days. Featured image from Dall-E, 
CryptoQuant.com, Checkonchain.com, chart from TradingView.com

Bitcoin STH Whale Profits Hit $10.1 Billion, Highest For The Cycle

Crypto-friendly US Senator Cynthia Lummis said fundraising for a Strategic 
Bitcoin Reserve is mainly being held back by legislative “slog.”

US Bitcoin reserve funding ‘can start anytime’ — Senator Lummis

xAI&#8217;s strategic leadership shift signals its aggressive push towards AI 
dominance, potentially reshaping the tech landscape and market dynamics.
The post Elon Musk&#8217;s xAI names former Morgan Stanley banker Anthony Armstrong 
as new CFO: FT appeared first on Crypto Briefing.

Elon Musk’s xAI names former Morgan Stanley banker Anthony Armstrong as new CFO: FT

Gold futures reached $4,000 per ounce for the first time amid surging demand 
for safe-haven assets. Analysts predict Bitcoin will follow suit.

Cryptocurrency price in TWD