Metaplanet now holds more Bitcoin than El Salvador

Solana started a fresh increase above the $162 zone. SOL price is now consolidating near $175 and might extend gains above the $180 zone.

• SOL price started a fresh upward move above the $155 and $162 levels against the US Dollar.
• The price is now trading below $165 and the 100-hourly simple moving average.
• There is a short-term rising channel forming with support at $172 on the hourly chart of the SOL/USD pair (data source from Kraken).
• The pair could start a fresh increase if it clears the $176 resistance zone.

Solana Price Consolidates Gains

Solana price formed a base above the $150 support and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $155 and $162 resistance levels.

However, the bears were active below the $180 resistance zone. A high was formed at $180.10 and the price corrected some gains. The price dipped below $175 and $172. A low was formed at $169.53 and the price is now attempting another increase.

There was a move above the 50% Fib retracement level of the downward move from the $180 swing high to the $170 low. Solana is now trading above $172 and the 100-hourly simple moving average. There is also a short-term rising channel forming with support at $172 on the hourly chart of the SOL/USD pair.

On the upside, the price is facing resistance near the $176 level and the 61.8% Fib retracement level of the downward move from the $180 swing high to the $170 low. The next major resistance is near the $180 level.

The main resistance could be $185. A successful close above the $185 resistance zone could set the pace for another steady increase. The next key resistance is $192. Any more gains might send the price toward the $200 level.

Downside Correction in SOL?

If SOL fails to rise above the $176 resistance, it could start another decline. Initial support on the downside is near the $172 zone. The first major support is near the $170 level.

A break below the $170 level might send the price toward the $162 zone. If there is a close below the $162 support, the price could decline toward the $150 support in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.

Major Support Levels – $172 and $170.

Major Resistance Levels – $176 and $180.

BitMart will list Infinaeon (INF), allowing people to trade it more easily. When a coin appears on a big exchange, it can attract new buyers. This often brings more attention and can cause the price to rise. However, sometimes the price goes up before the event and falls after the listing (“sell the news”). Traders should also look at how popular the coin is and how much trading volume it gets. If many people start trading INF on BitMart, price could move strongly. See the announcement here.

Geodnet will share new progress and answer questions at their AMA session. Project updates can bring fresh news for investors, especially if achievements are bigger than expected. This could lead to higher interest and price gains. The team will talk about recent work and future plans, which helps people trust the project. An AMA with prizes may also bring more community members, which can help support the price. But if the news is not exciting, there may be little change. Read the details here.

LCX plans to announce important upgrades, which could lead to a big move in price. When a project shares news about changes, investors often get excited. Upgrades can bring better technology or new features, making the coin more useful. If people believe these upgrades will help LCX's future, there might be more buying interest. However, if news is not better than expected, or if upgrades are small, the effect on price may be less. Watching the news closely will help to understand the real impact. Review the official announcement here.

Japanese investment firm Metaplanet has purchased another $126.7 million worth of bitcoin, with its total holdings overtaking El Salvador's.

Metaplanet, often dubbed Asia's Strategy for its continued bitcoin accumulation, announced Monday that it has purchased 1,241 BTC for roughly $126.7 million at an average price of $102,119 per bitcoin.

The Tokyo-listed firm now holds 6,796 BTC, acquired for $608.2 million at an average price of $89,492, according to CEO Simon Gerovich's post on X. Based on current market prices, the company's total bitcoin holdings are worth about $706.7 million.

"Metaplanet now holds more Bitcoin than El Salvador," said Gerovich in a separate post. "From humble beginnings to rivaling nation-states, we're just getting started."

El Salvador, the Central American nation that embraced bitcoin in 2021, currently holds 6,174 BTC, according to its Bitcoin Office.

Metaplanet began accumulating bitcoin in April 2024 as part of its crypto strategy and has steadily increased its holdings since. The company aims to reach 10,000 BTC by the end of 2025 and crossed the halfway mark last month.

The company has financed its bitcoin acquisitions through a series of bond issuances. On Friday, it announced a new $21.25 million bond sale, marking its 14th issuance of ordinary bonds to date.

Metaplanet remains the largest publicly listed corporate holder of bitcoin in Asia and ranks 11th worldwide, according to data from Bitcointreasuries.net. Strategy, led by Michael Saylor, remains on top of the global rankings with 555,450 BTC.

Meanwhile, Metaplanet shares rose 3.82% in Monday trading in Japan, with markets still open.

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© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

XRP price found support at $2.20 and started a fresh increase. The price is now gaining pace and might clear the $2.40 resistance zone.

• XRP price started a fresh increase above the $2.250 zone.
• The price is now trading above $2.30 and the 100-hourly Simple Moving Average.
• There is a short-term rising channel forming with support at $2.3650 on the hourly chart of the XRP/USD pair (data source from Kraken).
• The pair might start another increase if there is a close above the $2.420 resistance.

XRP Price Eyes More Gains

XRP price remained supported above the $2.220 level and started a fresh upward wave, like Bitcoin and Ethereum. The price was able to surpass the $2.250 and $2.320 levels.

The bulls pushed the price above the $2.350 resistance zone to set the pace for more gains. Finally, it tested the $2.475 zone. A high was formed at $2.4752 before there was a pullback. The price dipped below $2.40 and tested $2.330. It is again rising with a move above the 23.6% Fib retracement level of the downward move from the $2.4752 swing high to the $2.3310 low.

The price is now trading above $2.350 and the 100-hourly Simple Moving Average. There is also a short-term rising channel forming with support at $2.3650 on the hourly chart of the XRP/USD pair.

On the upside, the price might face resistance near the $2.40 level and the 50% Fib retracement level of the downward move from the $2.4752 swing high to the $2.3310 low. The first major resistance is near the $2.420 level. The next resistance is $2.480.

A clear move above the $2.450 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance or even $2.6350 in the near term. The next major hurdle for the bulls might be $2.750.

Another Decline?

If XRP fails to clear the $2.420 resistance zone, it could start another decline. Initial support on the downside is near the $2.3650 level. The next major support is near the $2.320 level.

If there is a downside break and a close below the $2.320 level, the price might continue to decline toward the $2.250 support. The next major support sits near the $2.220 zone.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.

Major Support Levels – $2.3650 and $2.320.

Major Resistance Levels – $2.420 and $2.480.