Short-Term Pullback Before All-Time High

According to analyst Sssebi, Cardano ADA’s price might initially drop as the market corrects itself. “Bigger drop until October and then bounce back mid-October–November,” Sssebi noted. This pullback is expected to set the stage for a robust recovery, with a potential year-end rally reaching around $1.00. The 4-hour chart indicates room for a rebound, setting the groundwork for a powerful Q4 performance.

The Relative Strength Index (RSI) is nearing oversold conditions, often a precursor to price support. If ADA maintains support near the $0.70 level, it could rebound strongly and lay the foundation for a potential all-time high in December.

Whale Activity and Market Stability

Recent on-chain data highlights significant activity from large ADA holders. Analyst Ali Martinez reported that addresses holding between 1 million and 10 million ADA have transferred about 160 million tokens in the past four days, reducing their combined holdings from 5.6 billion to 5.44 billion ADA. Despite these movements, Cardano’s price has remained stable, indicating steady demand absorbing the increased supply.

Transaction Growth and ETF Prospects

Cardano’s mainnet has processed over 114 million transactions, showcasing robust network activity. Additionally, institutional interest in ADA is on the rise. WisdomTree has registered its CoinDesk 20 Fund, which will include Cardano alongside Bitcoin, Ethereum, Solana, and XRP. The odds for a US Cardano ETF approval have surged to 91%, potentially enhancing ADA’s market position.

With strong fundamentals and increasing institutional interest, Cardano ADA is strategically positioned for a potential breakout. Investors are keenly observing as the token navigates through this critical phase, aiming for an all-time high by year’s end.

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Larsen initiated a sequence of transactions this week, moving approximately $26 million of XRP to Coinbase. This is in addition to the nearly $40 million he has transferred to the exchange since the beginning of the year. These transactions coincide with a surging crypto market, spurred by legislative progress in the Congress during the “Crypto Week” and a bullish Bitcoin market. At present, XRP is trading at $3.23, just $0.20 short of its all-time high of $3.40 set in 2018.

Records from Larsen’s public wallet reveal that he transferred 10 million XRP to Coinbase on January 6 and another 1.5 million tokens on June 16. He has also initiated several transfers to external wallets, which have served as middlemen for exchanges, including Binance. However, it remains unclear whether these tokens have been sold.

DL News, the first to report these transactions on Tuesday, estimates that Larsen has moved $344 million worth of XRP to exchanges and wallets in 2025. Larsen, who co-founded Ripple in 2013 and served as its CEO until 2016, holds an estimated 2.6 billion XRP, valued at over $8.5 billion at current market prices. Forbes last estimated Larsen’s net worth at $9.7 billion, a significant rise from $3.2 billion the previous year.

Ripple has seen a surge in growth since winning parts of its prolonged legal battle with the U.S. Securities and Exchange Commission. In June, both sides agreed to settle for $50 million, bringing an end to the case first initiated in 2019. Most notably, Ripple acquired prime brokerage firm Hidden Road in April 2025 for $1.25 billion, facilitating its expansion into trading, custody, and lending services. The company is also pursuing a national bank charter and has partnered with BNY Mellon to custody its RLUSD stablecoin reserves, which have reached $500 million by July 2025.

Many Ripple executives, including Larsen, have a history of selling XRP. In its lawsuit, the SEC accused CEO Brad Garlinghouse of personally selling roughly $150 million worth of XRP between 2017 and 2020. Larsen and his wife were accused of selling $450 million during the same period.

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The all-time high was achieved when Bitcoin leaped to the said amount of $119,400, bouncing back from $117,000 yesterday. This sudden increase appears somewhat striking, especially considering the current macroeconomic scenario. Just yesterday, the US introduced a fresh series of 30% tariffs against the EU and Mexico, which typically triggers price drops rather than all-time highs.

Despite these economic pressures, Bitcoin seems to be thriving, unswayed by the global policies. The cryptocurrency has gained over $11,000 since Wednesday when it was valued at a steady $108,000. Over the past few days, the digital asset has repeatedly broken into unexplored territories, hitting a nearly $119,000 high on Friday.

Earlier today, Michael Saylor, the co-founder of Strategy and a staunch Bitcoin advocate, hinted at a recent purchase. Strategy typically announces its Bitcoin purchases every Monday since the US elections, so stay tuned for updates tomorrow.

Robert Kiyosaki, the renowned author of ‘Rich Dad, Poor Dad’, has also been encouraging people to explore Bitcoin as a potential route to wealth. He expressed his plans to buy another Bitcoin while lauding the asset’s performance at over $117,000. Kiyosaki has been a vocal supporter of Bitcoin for several years, often advising people to invest more in the cryptocurrency.

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This upward shift of $1677.24 was recorded today, marking the fifth surge in the past six days. In fact, the past three days have been particularly profitable, increasing the value by 4.96%.

This is the best three-day stretch since the period ending on June 25, 2025, when an 8.99% rise was observed. The month-to-date increase currently stands at 5.22%, and the year-to-date increase is a substantial 21.41%.

However, it should be noted that this new closing high is still 0.38% down from the all-time intraday high of $113853.97, recorded on July 10, 2025. Compared to the same date a year ago, when the value was $57386.25, the value has grown by an impressive 97.64%.

Despite the current value being 0.38% less than the 52-week intraday high, it shows a substantial 124.33% increase from the 52-week intraday low of $49314.04 recorded on Aug. 5, 2024.

Today’s intraday high showed a 1.89% increase. The CoinDesk Bitcoin Price Index (XBX) was compiled at 4 p.m. ET close, with the data sourced from Dow Jones Market Data.

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The founder of Obchakevich Research, Alex Obchakevich, pointed out that Bitcoin’s latest achievement of surpassing Amazon has further drawn the attention of the non-crypto audience. He is of the firm belief that the recent rally will enhance trust in Bitcoin, thereby leading to new investments in the crypto market.

Bitcoin’s price has reached a new all-time high, exceeding $110,000. This, according to Obchakevich, will lure new investors, including large funds. He emphasized the increasingly significant role institutional players are playing in the digital asset space. “In May, BlackRock became the second-largest Bitcoin holder after Satoshi Nakamoto, surpassing Binance in this indicator,” he said.

CEO of Bitcoin liquidity platform Ordeez, Hassan Khan, sees this as a structural shift, arguing that Bitcoin is evolving beyond just a hedge and is gradually becoming a benchmark currency.

As per CoinMarketCap, the total cryptocurrency market cap stands at $3.49 trillion. While this figure is impressive, it’s still about 6% lower than the all-time high of $3.71 trillion reported at the end of 2024. CoinMarketCap also reported that Bitcoin exchange-traded funds (ETFs) saw nearly $604 million of net inflows on May 21. The current open interest on crypto derivatives is $756.16 billion for perpetual swaps and $3.24 billion for futures.

Obchakevich predicts a steady journey towards $200,000 for Bitcoin, with gradual adjustments. “This year, we anticipate Bitcoin to hit $150,000 and $90,000,” he said. Khan echoed this sentiment, stating that large net inflows to ETFs and increasing open interest demonstrate growing institutional confidence.

May 22, popularly known as “Bitcoin Pizza Day,” commemorates the day when programmer Laszlo Hanyecz made the first recorded goods purchase with Bitcoin, spending 10,000 BTC on two pizzas from Papa John’s. Ulli Spankowski, Chief Digital Officer at Boerse Stuttgart Group, said that Bitcoin has evolved from a speculative risk to a serious asset class, with a market capitalization surpassing 2 trillion US dollars, making it the fifth-largest asset globally.

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Technical Analysis – The Daily Chart

In the daily chart, Bitcoin has managed to crack the $100K resistance barrier and is currently floating around the $103K mark. This surge followed a successful reclaiming of both the 100-day and 200-day moving averages, as well as a retest of the ascending trendline respected over the preceding months.

Furthermore, the Relative Strength Index (RSI) is solidly in the overbought zone, currently exceeding 75. This suggests a robust bullish momentum, although it also signals a potential short-term slowdown. Should the breakout hold, the next apparent resistance level is situated around $108K, with the $99K area now serving as a new significant support.

Technical Analysis – The 4-Hour Chart

Delving into the 4-hour chart, the price has broken out from a rising wedge that had been developing for over a week. The price initially breached the $97K–$98K range, before rocketing towards the $103K mark. Momentum indicators like RSI confirm strength, but early indicators of short-term fatigue are emerging. This suggests a possible retest of the breakout zone around $100K or $98K before progression. However, the overall structure still suggests more upside, unless the $96K–$97K area fails to hold.

Onchain Analysis – Exchange Reserve

From an on-chain viewpoint, exchange reserves are consistently dropping, hitting a new multi-year low. This continuing decline strengthens the long-term bullish argument: lower BTC availability on exchanges generally indicates accumulation behavior and diminished selling pressure.

This also hints that long-term holders are not in a hurry to part with their coins, even at these elevated levels. The macro trend of shrinking exchange balances backs the current breakout and instills confidence in the rally’s sustainability, even if short-term pullbacks occur.

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XForceGlobal, a recognized Elliott Wave analyst, recently unveiled a medium-term Elliott Wave dissection of XRP, emphasizing its price progression and wave formation. The analyst’s study suggests that XRP is still on a bullish trajectory, hinting at a solid possibility of an upward thrust towards a $5.4 target.

The price chart illustrates XRP nearing the end of a complicated rectifying pattern, ready to embark on a potent third-wave rally. The ongoing wave configuration suggests a “1-2 scenario” for XRP, with an anticipated Wave 3 set to send its price skyrocketing.

XForceGlobal has highlighted a Fibonacci Retracement zone between the $2.00 and $1.80 range as a promising entry point. The price action demonstrates resilience around this area. The quintessential price level to monitor for XRP is the regional low at $1.60, which serves as a vital support level dictating the crypto asset’s subsequent move.

This support level is pivotal as if XRP’s price sustains above it, its anticipated bullish landscape and present structure remain unbroken. Conversely, a price dip below this point could steer the trend towards bearishness, possibly nullifying the bullish forecast.

With $1.60 serving as a solid support base, XForceGlobal projects that XRP could shortly skyrocket past $3.20 and potentially touch $5.40 in the upcoming months, marking a new ATH for XRP – a 40.63% surge from its current ATH of $3.84.

Bitcoin Benny, another crypto analyst, shares a similar bullish prediction. His technical analysis of XRP on the hourly timeframe charts out its probable price path. According to Benny, XRP exhibits signs of recuperation post a severe market correction at the end of April.

Following a significant high of around $2.3, the cryptocurrency experienced a drastic dip, reportedly bottoming out at approximately $2.125. Here, eager buyers swooped in to stabilize its price. This support level has since held firm, with the XRP price currently consolidating just below this point.

Bitcoin Benny has identified a key resistance level at $2.18, marking this point as a crucial breakout level. If the altcoin can conclusively breach and close above $2.18, Benny anticipates a momentum-fueled rally, potentially propelling XRP to new heights to possibly retest its previous highs.

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In preparation for this meteoric rise, the DEFI community is focusing on integrating these two significant components into the Bitcoin network. These aren’t just bells and whistles; they’re core functionalities that are set to revolutionize the way we perceive and utilize Bitcoin. So, if you’re an investor or a crypto enthusiast looking to understand how Bitcoin is setting the stage for its next bull run, read on.

Revolutionizing Bitcoin Through DEFI Components For years, Bitcoin’s limited fungibility has been a sticking point. The inability to differentiate one satoshi from another was a significant hindrance. However, that’s about to change, thanks to Ordinals. This new technology infrastructure aims to make Bitcoin fully fungible, thereby integrating DEFI capabilities directly into the Bitcoin network.

On the other hand, Restaking brings the power of Ethereum’s security into Bitcoin. It allows investors to secure multiple networks at once, reaping greater rewards as a result. Imagine not having to choose between Bitcoin and Ethereum, but rather leveraging both to maximize your investment. This is what Restaking aims to achieve, and it’s already generating a buzz among DEFI enthusiasts.

Leading Protocols in DEFI: Stacks and Alex When it comes to integrating DEFI functionalities into Bitcoin, two protocols stand out: Stacks and Alex. Stacks serves as a smart contract layer that enables DEFI applications to execute, with settlements occurring directly on the Bitcoin network. This seamless interaction between Bitcoin and DEFI applications makes Stacks a game-changer.

Alex, meanwhile, offers a more diversified approach. It’s a crypto trading, lending, and borrowing platform that supports Bitcoin settlements. These platforms aren’t just supplements; they’re foundational structures that will play a critical role in driving Bitcoin’s future price action.

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