XRP has been seeing a nice price push lately and at the time of writing, it is up by more than 3%. Trading at $2.43, there are a few reasons why XRP is rallying. .
One of the biggest factors is a new bill being discussed in Missouri called House Bill 594. If it passes, it would let people in the state deduct all capital gains taxes from profits made on things like Bitcoin and XRP. That means if someone makes money trading these, they won’t have to pay taxes on those profits — and that’s huge news for crypto investors in the U.S.
XRP Adoption Continues to Rise in 2025
Another reason is that more people are holding XRP than ever before. So far in 2025, the number of XRP holders has gone up by 11%, showing growing interest in the coin.
On top of that, XRP is now being accepted as a payment method on the travel booking site Travala.com. That means people can use XRP to book hotels and flights, giving it more real-world use.
The Ripple team is also making progress on the technology side. XRP is being integrated with Cosmos and building something called EVM sidechains, which basically makes it easier for different blockchains to connect and work together.
Plus, Ripple’s custody service now supports a new system for safer storage called shared MPC wallets. They’re also doing well in the tokenization space — that’s where real-world assets like property or stocks are turned into digital tokens on the XRP Ledger.
Lastly, on the price prediction side, analyst Ali Charts said that if XRP can break out of its current chart pattern, it might jump as high as $15. Right now, technical indicators like RSI and stochastic RSI are showing bullish signals, hinting that a breakout could be coming soon.
After teasing further corrections last week following the relationship fallout between Elon Musk and President Donald Trump, Bitcoin (BTC) price has strongly rebounded. The flagship coin rallied over 4 percent in the last 24 hours to reach a local high of about $110,260, less than 2 percent from its all-time high, on Monday, June 9 during the late North American session.
The wider altcoin market, led by Ethereum (ETH), followed in tandem. As a result, the total crypto Open Interest (OI) surged over 6 percent to hover about $154.8 billion at the time of this writing. Additionally, more than $403 million was liquidated from the crypto-leveraged market, led by Bitcoin’s $197 million.
Major Factors Influencing the Bitcoin Rally Today
Favorable Regulatory Environment
As Coinpedia reported, the Chairman of the United States Securities and Exchange Commission (SEC), Paul Atkins, has reiterated the importance of self-custody of crypto assets and clear regulatory frameworks for DeFi protocols.
The favoring regulatory frameworks in the United States will have a ripple effect in other countries, thus enabling further crypto adoption by institutional investors.
High Demand from Institutional Investors
The overall supply of Bitcoin on centralized exchanges has continued to exponentially decline in the past few years, catalyzed by the high demand from institutional investors. Strategy Inc. has led dozens of companies in implementing a Bitcoin treasury management plan.
The U.S. spot Bitcoin ETFs have continued to relentlessly accumulate, thus recording the fastest ETF growth to $70 billion in modern history.
Macroeconomic Outlook
BTC price has continued to grow in the recent past in tandem with the rising global liquidity. In addition to favoring technical aspects, whereby BTC’s daily timeframe recorded a golden cross between the 50 and 200 MA, the flagship coin has recorded impressive gains fueled by the short term uncertainty in the U.S. economy that is struggling with a historical debt crisis.
The post Top Reasons Why Bitcoin (BTC) Price Rebounded Above $110k Today appeared first on Coinpedia Fintech News
After teasing further corrections last week following the relationship fallout between Elon Musk and President Donald Trump, Bitcoin (BTC) price has strongly rebounded. The flagship coin rallied over 4 percent in the last 24 hours to reach a local high of about $110,260, less than 2 percent from its all-time high, on Monday, June 9 …
Bitcoin is back on the move and is on the brink of making history again. At the time of publication, the BTC price is hovering around $109,418.91, up 3.62% since yesterday. Successively, its market cap has risen to $2.17 trillion, while the daily trading volume has surged by over 46%. With Bitcoin now just a few percentage points away from surpassing the current ATH, marketers are stressing out on one single question: Will Bitcoin price hit the ATH in the next 24 hours? Let us decode the quest in this Bitcoin price analysis.
Bitcoin (BTC) Price Analysis: What’s Next?
Bitcoin’s current pace is boosted by consecutive breakouts above crucial resistance levels. It is worth noting that, once BTC price crossed $106,500, it quickly rallied to the $110,000 mark, a move that analyst Michael Van de Poppe rightly anticipated. According to him, the breakout above $108,900 accelerated price action further, with a peak now seen at $110,561.
A brief sideways trend, as seen in the past, typically follows such parabolic moves. This could mean Bitcoin might hover near current levels or slightly correct before launching toward new highs. The RSI on the hourly chart hints at temporary exhaustion, but the structure remains bullish.
The ideal zone to buy remains between $107,000 and $108,000, a support area noted for strong continuation potential. Liquidity pools below $105,500 could also serve as a bounce region if prices retrace further. If current momentum sustains and dips remain shallow, Bitcoin breaching ATH levels within the next 24 hours is not just possible, but highly probable.
A: Analyst insights suggest the $107,000–$108,000 range is ideal for dip-buying, making current levels attractive.
Q3: Will Bitcoin hit a new ATH in 24 hours?
A: Given the breakout momentum and high trading volume, a move past the ATH within 24 hours is highly likely.
The post Will Bitcoin Price Hit ATH in the Next 24 Hours? appeared first on Coinpedia Fintech News
Bitcoin is back on the move and is on the brink of making history again. At the time of publication, the BTC price is hovering around $109,418.91, up 3.62% since yesterday. Successively, its market cap has risen to $2.17 trillion, while the daily trading volume has surged by over 46%. With Bitcoin now just a …
XRP is up 7% over the last week of April, but May 2025 could bring even bigger moves as major catalysts line up. Key metrics like NUPL and active addresses show a market at a crossroads, with strong optimism and warning signs.
Hype around ETF approvals has stirred volatility, and real institutional inflows could decide XRP’s next major trend. Traders should prepare for a month where both sharp rallies and deep corrections remain firmly on the table.
XRP NUPL Signals Rising Confidence, but ETF Rumors Stir Volatility
XRP Long-Term Holders Net Unrealized Profit/Loss (NUPL) is currently at 0.73. This places it firmly in the “Belief – Denial” stage of the market cycle. The indicator measures the average unrealized profit among long-term holders.
It has been stuck in this zone since March 27, over a month ago. In general, NUPL values above 0.75 indicate “Euphoria—greed.”
Readings between 0.5 and 0.75 show belief that prices can rise, but there is also the risk of denial if momentum weakens.
The current value has risen from 0.68 three weeks ago to 0.73 today. Long-term XRP holders are seeing larger paper gains. Still, the market could soon face a critical moment where either continuation or a correction emerges.
Rumors about an SEC-approved spot XRP ETF have recently caused confusion, adding more fuel to market volatility. In reality, only ProShares’ leveraged and short XRP Futures ETFs were approved to begin trading on April 30. A true spot ETF has not been approved.
Although the futures approval is seen as a positive step for XRP’s long-term legitimacy, spreading false information has damaged investor confidence. It has also created unnecessary instability.
Some experts predict that a future spot ETF could eventually drive up to $100 billion in capital inflows into XRP. However, until that happens, volatility driven by rumors and miscommunication remains a major risk for the token.
XRP User Engagement Slows as Active Addresses Stay Below 200,000
XRP’s 7-day active addresses have dropped significantly, currently at 147,000, compared to their all-time high of 1.22 million, which reached March 19.
Monitoring active addresses is crucial because it offers real-time insight into user engagement, transaction volume, and overall ecosystem health—lower address activity often signals waning interest, reduced transaction flow, and a softer foundation for sustained price growth.
Since April 1, XRP’s 7-day active address count has consistently stayed below 200,000, reinforcing that user activity has yet to recover fully.
While the drop does not necessarily mean a major price collapse is imminent, it highlights a critical point: strong rallies are often backed by growing network participation.
Without a meaningful pickup in active addresses, XRP could struggle to maintain momentum or ignite a new bullish phase soon.
XRP ETF Approval Could Trigger 49% Rally, But Downside Risks Remain
The final approval of a Spot XRP ETF could become a major catalyst for the token’s price. It would potentially unlock significant institutional inflows. Recently, the world’s first XRP ETF began trading in Brazil.
Experts predict that, if real demand follows the approval like it did with Bitcoin, XRP price could rally sharply. The next major upside target is $3.40, representing a 49% increase from current levels.
This move would be driven by fresh inflows, greater mainstream acceptance, and a tightening supply as more investors gain direct exposure through regulated channels.
On the downside, if momentum fails to recover and a strong downtrend takes hold, it could face a sharp correction. A break below the psychological $2.00 level would expose the token to deeper losses, with the next major support around $1.61.
Such a move would imply a 29% drop from current prices, reflecting a scenario where optimism around ETFs fades and selling pressure takes over.
In this case, XRP could remain stuck in a broader consolidation or bearish phase until stronger catalysts appear.
