XRP price prepares for ‘major trend shift’ with $4 in reach: Analyst

Cointelegraph

Key takeaways:

XRP whales continue accumulating on the dips, boosting chances of a recovery.
XRP price must hold above $2.70 support to continue upside toward $4.

XRP price displayed strength on Wednesday, up 6.8% from Monday’s lows of around $2.70 as traders adjusted to the latest sell-off following an overleveraged market.

A strong technical setup and onchain data show that the pair is primed for a trend reversal toward $4.

XRP symmetrical triangle pattern eyes 42% rally

Data from Cointelegraph Markets Pro and TradingView shows XRP bouncing off the lower trendline of a symmetrical triangle on the daily time frame, as shown in the chart below.

A symmetrical triangle chart pattern is a technical formation where price consolidates between two converging trendlines, forming a triangle. It indicates indecision, with decreasing volatility, often preceding a breakout.

In XRP’s case, an upward breakout above the triangle’s resistance line at $3 could signal a trend reversal. Such a move could open the way toward the measured target of the triangle at $4.08, representing a 42% climb from current levels.

Before reaching the target, bulls would have to overcome resistance from the $3.40 and the eight-year high at $3.66.

Zooming in, trader and analyst CasiTrades pointed out that XRP created a “massive wick down to a double bottom near $2.70” on the four-hour chart.

“A double bottom like this still fits within a valid Wave 2 count, as long as the price holds above $2.70,” she said in an X post on Tuesday.

For CasiTrades, key levels to watch on the downside were the immediate support at $2.79 and the recent low at $2.70. A drop below this level would bring the $2.58 support into the picture.

“Looking above, the next major resistance targets are $4.00 and $4.40,” based on Fibonacci extension levels, the trader said, adding:

“The market is preparing for a major trend shift.”

The bullish outlook was mirrored by crypto analyst CryptoBull, who said the XRP price could rally to $5 in October if it breaks out of a bull flag pattern.

Can whale accumulation ignite XRP rebound?

Several indicators show that XRP price may continue its uptrend despite possible fears of further losses following Monday’s sell-off.

For instance, Santiment's Supply Distribution metric shows a steady rise in the supply held by entities with a 1 million –10 million token balance over the last few days. These addresses now own 6.77 billion XRP, after scooping up 30 million more tokens between Monday and Tuesday. This represents 11% of the total XRP circulating supply.

Cryptocurrencies, XRP, Markets, Market Analysis, Altcoin Watch

In other words, most whales did not sell on this week’s drop to $2.70 but accumulated XRP, suggesting they’re confident of further price increases.

By buying the dips, these large entities can reduce selling pressure and create a floor for the price, encouraging smaller retail investors to follow suit.

Meanwhile, XRP’s net holder position change has been strongly positive since Aug. 22. This shift followed a stretch of red outflows in July and early August, coinciding with profit-taking after the $3.66 multi-year highs.

The chart above shows that much XRP accumulation happened in the $2.70–$3 range, indicating that investors are positioning for upside rather than exiting the market.

It also explains why these are important levels to watch for XRP traders moving forward.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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What Could be Bitcoin’s Next Big Move: Breakdown Below $110K or Recovery Toward $115K?

Coinpedia

Bitcoin is currently hovering around a crucial price zone, caught between bearish pressure and bullish resilience. After testing support near the $110K level, BTC price now faces a defining moment that could set the tone for its next major move. A breakdown below $110K may trigger accelerated selling, opening the door for a deeper correction, while a rebound toward $115K could restore bullish momentum and attract fresh buying interest. Market volatility remains heightened as traders closely monitor liquidity zones, institutional flows, and macroeconomic signals. The coming sessions may decide whether Bitcoin stabilises or enters a broader correction phase.

Large Holders Add to Market Sell-Off

The start of the week attracted significant selling pressure that drove the Bitcoin price from the consolidated range above $115K to the local lows below $112,000. The volume rose from around $20 billion to more than $66 billion, which hinted towards excessive selling from the investors. However, the on-chain data suggests that it was the large holders or the whales who have booked the profit.

The data from Glassnode indicates that selling pressure has accumulated as whales have been selling extensively. Every wallet cohort, holding over 10,000 BTC, is in the distribution phase as the long-term holder supply is declining. Over the past few months, the supply has dropped from 70% to 60%, and the supply for over two years has declined to 52% from 57%. The above metric measures the relative accumulation based on the size and volume of tokens acquired over the past 15 days.

What’s Next? Will BTC Price Plunge Below $110K?

Ever since the price faced a rejection from $120K, the rally has remained largely bearish. The star token dropped over 13%, but the bulls quickly initiated a recovery. Despite the recovery, the price remains within the consolidated range. As a result, the bearish influence over the rally continues to persist, keeping the bearish targets active.

The HTF chart of Bitcoin suggests the price has been maintaining a steep ascending trend within a rising parallel channel. The weekly Bollinger bands are compressing, suggesting a drop in volatility as the volume is depleting. On the other hand, the Chainkin Money Flow (CMF) is heading back to 0, hinting towards the rise in selling pressure. The traders appear to be pulling money out of Bitcoin, which can weigh on the price. Therefore, the long-term price action of Bitcoin hints towards an extended bearish action, leading the levels to the lower bands of Bollinger in the short term.

Wrapping it Up!

The whale sell-offs have been a major reason behind the latest pullback and depleting volatility. However, the star token has been sustained within a bullish range and after the upward pressure fades, the Bitcoin price is expected to undergo a small pullback, followed by a strong rebound to its initial levels.

FAQs

Why is the Bitcoin price dropping?

The current drop is largely driven by profit-taking from large holders, or “whales,” who have been selling their holdings after the recent rally, increasing selling pressure in the market.

What is the long-term forecast for Bitcoin?

Despite short-term volatility, the overall structure remains bullish within a rising channel. A brief pullback is possible, but many analysts anticipate a strong rebound afterward.

Is now a good time to buy Bitcoin?

Market volatility is high. While prices are lower, the trend is uncertain. Always assess key support levels and market sentiment, and consider your own investment strategy before deciding.

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Quiet Before the Storm? Bitcoin’s Volatility Sinks to a 22-Month Low

Beincrypto

Bitcoin’s implied volatility has fallen to its lowest level since 2023.

According to on-chain analysts in a Wednesday research report, the direction of Bitcoin’s price will now depend on the future accumulation of open interest.

MVRV Ratio Suggests a ‘Wait-and-See’ Approach

Analyst ‘XWIN Research Japan’ pointed out that Bitcoin’s Market Value to Realized Value (MVRV) ratio is at a neutral position of around 2.1. An MVRV of 2.1 indicates that investors are neither seeing major losses nor excessive profits.

This price level is unlikely to trigger a wave of panic selling or natural profit-taking. The analyst explained that in such periods, a “wait-and-see” attitude tends to dominate the market.

This quiet sentiment is further supported by the continued decline in the total balance of Bitcoin held on exchanges, which suggests a weakening of selling pressure. Historically, a decrease in exchange holdings has been a prelude to a supply shortage when demand suddenly surges. XWIN Research Japan suggests that the market may now be experiencing the “calm before the storm.”

Open Interest: The Key to the Next Move

Another analyst, ‘Axel Adler Jr’, that the recent sharp price drop caused Bitcoin’s open interest to fall by 16%. This suggests that leverage is now at a low level following a recent deleveraging of long positions.

Axel Adler Jr argues that the future price path of Bitcoin depends on which direction open interest (OI) begins to accumulate. If long positions increase below a resistance level, the risk of another leverage-driven drop increases. Conversely, if short positions increase during a downturn, the probability of an upward move via a short squeeze rises.

The analyst believes a clear directional signal will emerge when the risk of leverage accumulation/pressure rises above 40% or when it drops to a 10% leverage depletion level, signaling a potential reversal.

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Hyperliquid’s home-grown stablecoin USDH goes live after Native Markets winning bid

The Block

Native Markets’ USDH stablecoin has gone live on Hyperliquid, with trading now open in a USDH/USDC pair, according to an order book seen by The Block. Early volumes suggest a cautious yet active start, with roughly $2.2 million changing hands as the market gets underway.

USDH is the first dollar-pegged token issued under Hyperliquid’s validator-run selection process. It’s a stablecoin issued natively on HyperEVM and bridged across the Hyperliquid stack.

Native Markets won the bid earlier this month, beating proposals from firms including Paxos, Frax, Agora, and others. The plan called for a phased rollout and an initial USDH/USDC spot market “within days” of the vote.

The issuer has stated that reserves are fully backed by cash and short-dated U.S. Treasuries, with an initial mix that includes offchain management and an onchain sleeve, along with transparency via oracle feeds. Proposal materials also outlined an economic loop that directs a portion of reserve earnings toward HYPE buybacks.

The launch caps a closely watched campaign. Polymarket bettors heavily favored Native Markets during the vote, while Paxos pitched PayPal and Venmo rails to sway validators. Hyperliquid’s community ultimately opted for a home-grown team and a rollout designed to scale supply in response to exchange demand.

Hyperliquid is pushing deeper into its own settlement layer and dollar rails just as stablecoin competition intensifies across exchanges and Layer 2s. A native USDH market gives the venue tighter control over liquidity and fees, while offering traders another dollar pair alongside USDC.

USDH’s debut also coincides with the growing adoption of stablecoins and their total supply. The Block’s data dashboard shows stablecoins approaching $280 billion in circulation across blockchains, an all-time high for the sector.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

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What’s next after crypto’s largest long liquidation event since February?

The Block

Bitcoin's relatively calm September streak snapped this week with a sharp Monday sell-off that erased $285 million in long positions and triggered $1.6 billion in liquidations across the broader crypto market. The wipeout marked the fourth-largest bitcoin liquidation event of 2025 and the heaviest single-day clearing of leverage across digital assets since February, according to research and brokerage firm K33.

While liquidation data is imperfect — with Bybit publishing in full, but Binance and OKX still underreporting in incomplete bursts, for example — the surge still points to an intense flush of leverage after weeks of dormant volatility, Head of Research Vetle Lunde noted in a new report. Seven-day realized volatility in BTC had sunk to just 0.6% last week — the lowest since August 2023 — creating conditions ripe for a sudden dislocation once positions tilted too far one way, he said.

Bitcoin perps' daily liquidation volume. Image: K33.

The question now is whether the deleveraging sets a floor or foreshadows more sluggish trade, with history leaning toward underperformance. The report noted that, on average, bitcoin has returned just 0.78% over the 30 days following the top 5% annual liquidation events — well below the typical average 5.9% 30-day return. Median performance is even worse, at –1.1%, underscoring a tendency toward weak or negative follow-through.

That said, outcomes vary. Roughly a quarter of prior liquidation spikes coincided with local bottoms, with BTC climbing 7.4% over the following month on average. However, the worst quartile saw 6% declines over the same period. "In other words, some large liquidations tend to coincide with local market bottoms, but most coincide with a period of sluggish BTC performance, with BTC underperforming relative to its normal trajectory," Lunde said.

Average cumulative 30-day returns in BTC vs. cumulative BTC returns post large liquidation. Image: K33.

With perpetual open interest still hovering near yearly highs at around 305,000 BTC and funding rates briefly flipping negative into the sell-off, leverage remains thick in the system, leading K33 to maintain a cautious near-term outlook.

The broader derivatives picture reflects the same defensiveness, Lunde pointed out. CME futures activity remains muted, with September contracts briefly trading below spot at points — a sign of stress not seen since June, the analyst wrote. Meanwhile, leveraged ETF flows flipped negative, with VolatilityShares posting its largest outflow in over a month.

Altcoin leverage broadening

If BTC's liquidation flush was dramatic, altcoins were hit harder. ETH perps saw nearly $490 million in longs liquidated — almost double bitcoin's tally — with leverage migrating away from BTC throughout 2025. Bitcoin perps averaged 47% of open interest in 2024 compared to just 40% in 2025, plunging to record lows of 32.7% last week, K33 noted.

That rotation stems from multiple drivers: bitcoin's falling market cap dominance (down from 66% in June to 58.6% now), strong momentum in ETH and SOL following treasury-company launches, and anticipation of mid-October ETF debuts for SOL, XRP, DOGE, and LTC, Lunde said. Local market peaks have consistently aligned with these alt leverage spikes this year, as traders reach further out on the risk curve while BTC volatility remains subdued, he added.

BTC share of perp OI vs. altcoin perp OI. Image: K33.

The same dynamic is visible on CME. Once almost entirely BTC-dominated, CME's crypto open interest share for bitcoin has slid from 82.6% in June to 57.9%, as institutional flow spreads into ETH, SOL, and XRP futures and leverage quietly builds.

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BNB Chain Bull Market Fueled by Ultra-Low Fees and On-Chain Activity

Beincrypto

The crypto market is heating up daily, and the most talked-about name right now is BNB Chain — an ecosystem that has just slashed gas fees to “ultra-low” levels while recording an all-time high on-chain perpetuals trading volume surpassing $51 billion.

With technical indicators and on-chain data pointing in the same direction, the big question is: could this be the “golden time” for BNB to break through to new highs?

Impressive Performance

The BNB Chain ecosystem has recently seen a series of technical upgrades and market-shaping announcements. Validators have proposed lowering the minimum gas price to 0.05 Gwei and reducing the block interval to 450 ms, aiming to expand network capacity and lower transaction costs. At the same time, Binance’s former CEO, CZ, called for another 50% cut in fees to accelerate transaction flow and attract liquidity, following a wave of fee reductions in recent updates.

“Let’s reduce fees by another 50% on #BNB Chain?” CZ urged.

Previously, in a post on X, when BNB surpassed the $1,000 mark, CZ also revealed that gas fees could already be reduced by 10x. This has positioned BNB Chain as one of the lowest-cost blockchains in the market.

Not stopping there, observations from community members on X highlighted that BNB Chain currently outpaces all Layer-1 and Layer-2 networks with over 200 real-time transactions per second (TPS). This strengthens its competitive edge for DeFi applications, DEXs, and on-chain derivatives markets, where low costs are critical to attracting high trading volume.

“At ATH activity, the chain proves its stress-tested scalability,” one X user noted.

However, ultra-low fees may also pose risks such as transaction spam or reduced revenue for validators. The market will need time to assess whether the BNB Chain can strike a sustainable balance between technical efficiency and economic incentives.

Positive On-Chain Activity

On-chain data also shows strong momentum for the BNB Chain. According to Dune, total perpetual trading volume hit a record $51.3 billion, with BNB Chain alone contributing around $21.5 billion. The recent surge in activity on Aster perp DEX is likely a key driver behind this liquidity inflow. This indicates a significant shift of derivative liquidity onto the BNB Chain, creating real demand for its native token BNB.

Beyond the surge in perpetuals, Santiment data shows that BNB Chain has been leading in development activity over the past 30 days. Meanwhile, short-term stablecoin flows have largely shifted through Binance’s rails, highlighting BNB Chain’s role as a central hub for stablecoin transactions and fast settlement. These on-chain fundamentals provide a more solid basis for price expectations than pure sentiment or FOMO.

Regarding price action, after breaking the $1,000 threshold, BNB is now pulling back to retest its former resistance line, supported by the 20-day EMA. This suggests the uptrend remains intact as long as the support holds.

Many traders and analysts remain bullish, with some even predicting new ATHs if the current on-chain drivers (lower fees, derivative liquidity, development activity) strengthen.

“New ATHs are on the horizon. Or maybe we haven’t even hit the real bull market yet? In a true bull market, BNB will be unstoppable,” one X user commented.

At the time of writing, BNB is trading at $1,025, 5% lower than its ATH recorded on September 21.

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Ethereum Blockchain Set to Become Wall Street’s Top Choice, Says Tom Lee

Coinpedia

Tom Lee, Fundstrat co-founder and recent BitMine Immersion Technologies Chairman, has crowned Ethereum as a “truly neutral chain” set to become Wall Street’s blockchain of choice.

With rising adoption, stablecoin growth, and real-world asset tokenization, Lee believes ETH could soar to $10,000–$12,000 by the end of 2025.

Ethereum: The Wall Street Top Choice

Speaking at the Korea Blockchain Week 2025, Lee said Ethereum’s neutrality makes it stand out from other networks as it doesn’t tilt in favor of anyone. According to him, this neutrality is exactly what big financial institutions want.

Institutional interest in Ethereum is accelerating rapidly. According to an Ernst & Young and Coinbase survey conducted in early 2025, 86% of institutional investors already have or plan to allocate funds to digital assets this year, with Ethereum ETFs and tokenized assets leading the charge.

US-based spot ETH ETFs hit an all-time high monthly inflows in July 2025, showcasing a strong appetite among large-scale investors.

With the Trump administration showing stronger support for digital assets, Lee observed that U.S. policymakers are already leaning toward Ethereum as their top choice of blockchain.

BitMine Holds 2% of the ETH Total Supply

Backing up his words with action, Lee turned BitMine into a full Ethereum treasury company. BitMine now controls more than 2% of Ethereum’s total supply, holding nearly holds around 2.4 million ETH, valued at over $10 billion.

With this massive stash, BitMine has become the world’s largest corporate Ethereum treasury, strengthening its position as a major player in the crypto market.

Tom Lee: Ethereum Price Prediction

Tom Lee sees big gains ahead for Ethereum. He expects ETH to end the year between $10,000 and $12,000, with long-term potential reaching $15,000 or more. As of now, ETH is trading around $4177, reflecting a slight drop seen in the last 24 hours.

While Lee strongly favors Ethereum, he remains bullish on Bitcoin too. He expects BTC to close the year between $200,000 and $250,000, supported by a softer Federal Reserve stance and seasonal strength.

FAQs

How high can Ethereum price go in 2025?

Analyst Tom Lee forecasts Ethereum could reach $10,000 to $12,000 by the end of 2025, with potential to climb even higher to $15,000 based on growing institutional adoption.

What is driving institutional interest in Ethereum?

Institutional interest is fueled by the approval of spot Ethereum ETFs, the growth of stablecoins, and the tokenization of real-world assets like commodities and securities.

Is Ethereum a good investment?

Many analysts view Ethereum as a strong long-term investment due to its pivotal role in decentralized finance, tokenization, and institutional adoption through ETFs, suggesting significant growth potential.

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