Ethereum experienced an exciting rally last week, coinciding with Bitcoin’s surge to new all-time highs. This rally, which saw Ethereum approach $3,000, wasn’t solely due to Bitcoin’s momentum. Ethereum itself attracted sizeable institutional interest from Spot Ethereum ETFs.

Data from SoSoValue indicates that US-based Spot Ethereum ETFs saw a combined inflow of $907.99 million last week, the highest since the products’ launch in July 2024. July 10 alone saw an inflow of $383.10 million, marking the largest single-day inflow for any Ethereum ETF in 2025 thus far.

In a post on social media platform X, Merlijn highlighted a confirmed bull flag breakout on Ethereum’s daily candlestick chart. This technical setup came after a falling wedge reversal that kick-started the current uptrend.

The falling wedge that led to the reversal started from the highs of December 2024 to the lows of April 2025. The breakout happened in mid-May, leading Ethereum into a narrow flag-like consolidation that lasted until the recent breakout above $2,700.

This pattern has now resolved upwards, and the next price target of $3,834 is based on the price action that formed the pole of the bull flag.

On-chain indicators corroborate Ethereum’s current strength. Data from on-chain analytics platform Santiment shows that Ethereum’s price has been oscillating around the $3,000 mark since Friday. During this time, 124.13 million out of the total 155.04 million ETH supply became profitable, accounting for approximately 80% of all tokens. This is the highest percentage of profitability recorded since January 2025.

The same data suggests that Ethereum is just 13 million coins shy of reaching the total supply in profit at its previous all-time high in December 2024. This shift towards a profit-heavy network state could encourage holding behavior and long-term conviction, reducing sell pressure in the upcoming week. As a result, Ethereum could potentially close a daily candle above $3,000 and move towards the $3,834 price target.

As of this writing, Ethereum is trading at $2,960, up by 17.5% in the past 24 hours.

The post Ethereum’s Bull Flag Indicates a Potential Climb to $3,834: A Technical Analysis appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

XRP is seemingly set for a 27% slice of the overall crypto market dominance and is on course to achieve a $1.5 trillion market cap despite the ongoing strong consolidation. This daring prediction by Egrag Crypto on X (formerly Twitter) has stirred up conversations within the XRP community, eliciting diverse reactions about the feasibility of this ambitious projection.

Central to this analysis is the hypothesis that the total crypto market cap could potentially soar to a $5.5 trillion valuation. This expansion could be fueled by increasing institutional adoption, wider retail involvement, regulatory clarity, and more. In such a scenario where XRP is also expected to secure a 27% market share, its total market cap would approximate $1.485 trillion, pushing its projected price close to an unprecedented all-time high of $27.

Egrag Crypto’s optimistic stance is reinforced by a historical review of XRP dominance levels, especially the 0.5 Fibonacci Retracement level around the 5.75% mark. The analyst presented a comprehensive price chart, pinpointing this crucial level as a longstanding resistance zone where XRP dominance has repeatedly faced rejection, first in October 2019, then in November 2020, and again in January and March 2025.

According to the analyst, the continuous testing of this key resistance is likely to trigger a breakout reaction once it is breached. He used an interesting analogy, likening the resistance testing to “knocking on the door—the more you knock, the higher the chances it opens.” As XRP is now gearing up for its fifth attempt, the analyst suggests that this could be the moment the “door” opens, signaling a potential breakout leading to the projected $1.5 trillion market cap and 27% dominance.

Currently, the XRP market cap sits at $2.77 billion, implying it would need to skyrocket by over 54,000% to reach the ambitious $1.5 trillion valuation. Furthermore, XRP’s current market dominance is around 3.93%, a far stretch from the projected 27% market share. This underlines the magnitude of growth required, both in terms of value and influence, for XRP to meet the analyst’s forecasted objectives.

Egrag Crypto’s bullish market cap and dominance forecast is bolstered by the appearance of a Bull Flag pattern on the macro XRP chart, which typically signals a continuation to the upside following a consolidation period. The “KABOOM” zone marked on the analyst’s XRP chart also indicates the critical breakout resistance threshold XRP needs to surpass. A successful breakout here could propel the price into a low resistance area labeled as the “VOID,” potentially setting the stage for rapid gains and a surge to the 27% market dominance.

The post XRP Poised for $1.5 Trillion Market Cap and a Staggering 27% Hold on Crypto Market appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Brandt made it clear that his interest in XRP was purely analytical, stating, “Hey XRP_pill_poppers. I don’t have a personal stake in what XRP does. If it rises, I want to be long. If it falls, I’ve never shorted it, but rather enjoy observing the reactions. At the moment, the chart can be best described as a bull flag. This, of course, can change.”

Brandt’s analysis showed that XRP had a sharp rally earlier in January, surging above $2.6040 and peaking near $3.2140. Following this peak, the market saw a brief pullback, forming a series of lower highs and lows, as depicted by falling trendlines on Brandt’s chart. This consolidation mimics a classic bull flag, usually seen as a pause in an ongoing uptrend.

According to Brandt, the forecasted breakout could aim for the next significant overhead zone near $3.5487, with his ultimate bullish goal around $4.39541. These levels, illustrated by green lines on the chart, represent potential resistance points if XRP continues its rally after validating the flag’s upper limit.

Brandt’s chart also shows two moving averages: The 8-day moving average (green line) is currently positioned just above $3.00, helping to set short-term support levels. The 18-day moving average (orange line) is trending upwards from below $2.70, emphasizing the overall uptrend in progress.

The ADX reading of 17.05 indicates that the overall trend strength is moderate, allowing room for more momentum if price breaks decisively from the flag. A 30-day Average True Range (ATR) value around 0.2135 highlights the daily volatility, which has increased compared to earlier stages but remains controlled compared to some high-beta altcoins.

Brandt’s post ignited conversation among traders, including HTL-NL (@htltimor), who noted bullish confirmations using Wyckoff analysis. Brandt responded positively, stating, “Good confirmation from a good source.”

HTL-NL’s Wyckoff-based chart suggests that XRP has been following a series of classical stages—Beginning with the Automatic Rally (AR) after a Selling Climax (SC), succeeded by multiple Secondary Tests (ST), and culminating in what seems to be a Sign of Strength (SoS). The SoS label often signals the point where demand decisively surpasses supply, with price pushing above a crucial resistance level and maintaining support above previously tested zones. This behavior is further bolstered by volume signatures that display resurging interest during rallies and diminishing on pullbacks.

In Wyckoff terms, a successful SoS within a re-accumulation structure typically paves the way for continued upside. The blue line labeled “BUEC” (Back Up to Edge of the Creek) suggests XRP has already retested its last major resistance as support. If it maintains these levels and confirms the SoS, Wyckoff analysts would anticipate a drive toward higher targets, aligning with Brandt’s bullish flag projection.

At the time of writing, XRP was trading at $3.09.

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