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A crypto expert has predicted a 1,300% surge in the XRP price amid a growing rise in activity on the XRPL (XRP Ledger). The expert sees parallels with the explosive run of 2017, while on-chain data and real-world use cases suggest this cycle could be even bigger. XRP Ledger Gains Momentum as SWIFT Volumes Drop
The post Expert Predicts XRP Price to Hit $45 as XRP Ledger Activity Soars and SWIFT Volume Declines appeared first on CoinGape.
Bitcoin (BTC) broke above the $90,000 mark for the first time since March 5, as momentum indicators flash increasingly bullish signals. The latest surge comes alongside a sharp rise in ADX, a bullish Ichimoku Cloud formation, and EMA alignment favoring continued upside.
With buying pressure outweighing selling activity and ETF inflows hitting a three-month high, market sentiment is leaning in favor of the bulls. If resistance is breached, BTC could open the path toward $100,000, reinforcing its role as a hedge amid broader market uncertainty.
Bitcoin’s Directional Movement Index (DMI) is signaling a significant shift in momentum, with its ADX rising sharply to 29.48 — up from just 15.3 two days ago.
The ADX, or Average Directional Index, measures the strength of a trend regardless of its direction. Readings below 20 indicate a weak or sideways market, while values above 25 suggest a strong trend is forming.
With ADX now nearing 30, the current move is gaining traction, confirming that a clearer directional trend is taking hold.
Looking deeper into the DMI components, the +DI (positive directional indicator) currently stands at 30.99 — nearly doubling from 15.82 two days ago, though slightly down from its 37.61 peak yesterday.
This suggests that while buying pressure surged recently, it has eased slightly in the last 24 hours. Meanwhile, the -DI (negative directional indicator) has dropped sharply to 10.86 from 22.48, indicating a clear weakening of selling pressure.
The combination of a strong ADX and a high +DI versus a declining -DI implies that bulls are currently in control. If the trend holds, Bitcoin may continue its upward trajectory in the short term.
Bitcoin’s Ichimoku Cloud chart is showing clear bullish signals. Price action is well above the Kumo (cloud), indicating strong upward momentum.
The cloud itself has flipped from red to green, signaling a transition from bearish to bullish sentiment.
The Tenkan-sen (blue line) remains above the Kijun-sen (red line), reinforcing the short-term bullish bias. The gap between them continues to widen, a sign of strengthening momentum.
Additionally, the future cloud (Senkou Span A and B) is angled upward. This suggests that the bullish trend could persist if current conditions hold.
The Chikou Span (green lagging line) is also positioned above the price candles and the cloud, confirming trend alignment from a lagging perspective.
Together, these elements point to a healthy uptrend, with no immediate signs of reversal unless a strong breakdown below the Tenkan-sen or the cloud emerges.
Bitcoin’s EMA lines are bullish, with short-term averages positioned above the longer-term ones, signaling strong upward momentum.
Bitcoin’s price is approaching a key resistance level at $92,920. A breakout above this zone could open the door for further gains.
If buying pressure intensifies, a potential target of $96,484 could be reached, as Bitcoin ETFs are registering their biggest net inflows in three months.
The current structure suggests that bulls remain in control, as long as support levels are respected and upward momentum persists.
According to Tracy Jin, COO of crypto exchange MEXC, Bitcoin’s recent performance has been reviving its label as “digital gold”:
“Bitcoin’s recent strength in the face of market-wide volatility is reviving its long-dormant status as a “digital gold.” With U.S. equities slipping back to tariff-era lows and the dollar plunging to a three-year nadir, Bitcoin’s ability to post gains is reshaping investor perception.” Jin told BeInCrypto.
However, if the trend loses strength and a reversal takes place, Bitcoin could face a short-term pullback toward the support at $88,800.
A break below this level would weaken the structure and increase the chances of deeper corrections. The next key areas to watch are $86,532 and $83,133.
The post Bitcoin Breaks Above $90,000 After 7 Weeks – What’s Next? appeared first on BeInCrypto.
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Bitcoin’s decisive break above the psychologically significant $95,000 mark has injected fresh optimism into the market, at least among miners.
This key milestone has triggered a shift in miner sentiment, with on-chain data showing a noticeable uptick in BTC miner reserves over the past few days.
According to CryptoQuant, Bitcoin’s miner reserve, which had been in a sustained downtrend, began to rise on April 29, shortly after BTC closed above the $95,000 threshold.
For context, the reserve had dropped to a year-to-date low of 1.80 million BTC just a day earlier before reversing course and showing signs of accumulation.
Bitcoin’s miner reserve tracks the number of coins held in miners’ wallets. It represents the coin reserves miners have yet to sell. When it falls, miners are moving coins out of their wallets, usually to sell, confirming growing bearish sentiment against BTC.
Conversely, when this metric rises, as it is now, it suggests miners are holding onto more of their mined coins, often reflecting growing confidence in the BTC’s future price appreciation.
Moreover, the bullish shift in miner sentiment is further supported by the positive miner netflow recorded since April 29. This signals that more coins are being put into miner wallets rather than offloading to exchanges.
Such behavior reflects confidence in further upside, as miners, often seen as long-term holders, are choosing to accumulate rather than liquidate.
However, the sentiment is not universally bullish. While BTC miners are stepping back from selling, derivatives data tells a different story.
In the futures market, BTC’s funding rate has remained negative since the beginning of May, a sign that a significant portion of traders are betting on a near-term price correction. At press time, the coin’s funding rate is -0.0056%.
The funding rate is a periodic payment exchanged between long and short traders in perpetual futures contracts to keep the contract price aligned with the spot price.
When it is positive, it means traders holding long positions are paying those with short positions, indicating that bullish sentiment dominates the market.
On the other hand, a negative funding rate like this signals more short bets than long ones, suggesting bearish pressure on BTC’s price.
While miner behavior may point to renewed confidence, the steady bearish sentiment in derivatives suggests that traders remain wary of a potential pullback.
If coin accumulation strengthens, BTC could extend its gains, break above the resistance at $98,515, and attempt to regain the $102,080 price mark.
However, if the bearish bets against the leading coin win and witness a shortfall in demand, its price could fall below $95,000 to reach $92,910.
The post Bitcoin (BTC) Rally Divides Market: Miners Bullish, Traders Cautious appeared first on BeInCrypto.