• Ethereum gained 24% in the past month, beating Bitcoin’s 8% rise.
• BitMine increased its holdings with a purchase of 9,946 ETH.
• Spot Ethereum ETF inflows continue to support ETH demand.

Ethereum has extended its recent rally, outperforming Bitcoin over the past month as institutional demand continues to strengthen.

The latest boost came after BitMine Immersion Technologies announced another large Ethereum purchase, adding more ETH to its treasury and bringing its total holdings to 5,787,414 ETH.

Ethereum gains strength against Bitcoin

Ethereum has continued to outperform Bitcoin over the past month, highlighting renewed investor interest in the second-largest cryptocurrency.

The ETH/BTC ratio recently climbed to 0.03, marking its highest level in around three months.

The hike reflects Ethereum’s stronger performance relative to Bitcoin rather than a decline in Bitcoin’s price.

During the past 30 days, Ethereum gained approximately 24%, compared with Bitcoin’s increase of around 8% over the same period.

Ethereum has also maintained positive momentum across shorter timeframes.

It rose about 4% over the past 24 hours and more than 5% over the last seven days, while extending its 14-day gain to roughly 10.5%.

Despite the recent rally, Ethereum remains well below its all-time high of $4,946.05, leaving it considerably below its previous peak even after the latest advance.

BitMine expands its Ethereum treasury

BitMine Immersion Technologies has strengthened its Ethereum strategy by purchasing another 9,946 ETH over the past week.

Following the acquisition, the company now holds 5,787,414 ETH worth approximately $11.2 billion based on current market prices.

The latest purchase reinforces BitMine’s position as the largest publicly known corporate holder of Ethereum.

The company has repeatedly stated that it intends to build one of the largest long-term Ethereum treasuries, and the latest transaction moves it closer to that objective.

A key part of BitMine’s strategy is staking its Ethereum holdings rather than leaving them idle.

Around 4.92 million ETH, representing roughly 85% of its total holdings, are currently staked.

This allows the company to generate staking rewards while maintaining its long-term investment in Ethereum.

Share buybacks add to investor confidence

BitMine’s latest Ethereum purchase was accompanied by continued share repurchases.

The company bought back 6.1 million shares during the latest week after repurchasing 5.5 million shares the previous week. Both transactions form part of its authorized $4 billion share buyback program.

3/
“Bitmine repurchased 6.1 million shares of common stock in the past week, an increase from the 5.5 million purchased the week prior. We increased our equity buyback as we view the rising ETH/BTC ratio, despite the falling odds of passage of the Clarity Act in 2026, as a sign… pic.twitter.com/LVOB46sIgL

— Bitmine (NYSE-BMNR) $ETH (@BitMNR) July 27, 2026

Following the buyback update, BitMine’s stock, trading under the ticker BMNR, gained more than 5% following the announcement, reflecting a favorable market response to both the company’s expanding Ethereum holdings and its capital management strategy.

Tom Lee points to improving Ethereum momentum

BitMine Executive Chairman Tom Lee highlighted several indicators that continue to support Ethereum’s recent performance.

According to Lee, the ETH/BTC ratio reaching a three-month high signals improving strength for Ethereum relative to Bitcoin.

He also identified the $2,000 and $2,500 price levels as key resistance zones that traders are watching as the rally continues.

Lee further noted that Ethereum has significantly outperformed Bitcoin over the past month, reinforcing the company’s decision to focus its treasury strategy on ETH rather than other digital assets.

Institutional demand has also remained a major theme in Ethereum’s recent price action.

Continued inflows into spot Ethereum ETFs have provided additional buying pressure, while large treasury purchases from companies such as BitMine have strengthened demand from institutional investors.

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• fun’s BOOST buybacks helped offset selling from the latest token unlock.
• PUMP reclaimed $0.002 as daily trading volume topped $135 million.
• Bulls are watching the $0.00210-$0.00215 resistance zone.

Pump.fun price extended its recovery this week, climbing above the $0.002 mark as buying pressure continued to outweigh concerns over a major token unlock.

The token gained more than 14% over the past 24 hours, with trading volume rising to roughly $135 million, showing that market participation remained elevated during the rally.

Notably, the price hike comes after one of the largest vesting events for the project, a development that many traders expected would trigger heavy selling.

BOOST buybacks absorbed the token unlock pressure

A key catalyst behind the latest rally has been the BOOST mechanism, which creates ongoing buying pressure for PUMP through token buybacks.

The feature has become an important part of the project’s token economy and has attracted renewed attention as the token recovered from recent lows.

Introducing BOOST mode – the new standard launch mechanism for EVERY new pump fun coin

Over $100M in dead liquidity is lost every year when tokens migrate. Now, we’re reinjecting future liquidity into EVERY BONDED COIN.

Learn more pic.twitter.com/FJEE0rSXiB

— Pump.fun (@Pumpfun) July 21, 2026

But the recovery has been particularly notable because it followed a major vesting event.

Around 32.5 billion PUMP tokens allocated to investors and another 50 billion tokens allocated to the team became eligible for unlocking as part of the project’s vesting schedule.

Rather than leading to an immediate collapse in price, the market continued to absorb the additional supply.

The remaining unlocked allocations are scheduled to enter circulation gradually over the next 36 months instead of all at once.

That has shifted traders’ attention toward whether continued demand can keep pace with future releases rather than focusing solely on the initial unlock.

Technical indicators point to an improving trend

The improving price structure has also been reflected across several technical indicators.

PUMP has recovered above the Guppy Multiple Moving Average cluster, a sign that short-term momentum has strengthened.

At the same time, the Supertrend indicator has turned bullish as the token attempts to break above the upper boundary of a long-term descending channel that has capped price advances for months.

Another closely watched development is the behavior of derivatives markets.

Unlike rallies driven primarily by leverage, recent data showed that open interest declined while the token price continued to rise.

That combination suggests that spot market demand has played a larger role in supporting the recovery.

Trading activity has also accelerated significantly. Daily trading volume climbed above $135 million, while recent sessions recorded volume growth of more than 500% compared with earlier levels.

Higher participation has helped support the move as buyers pushed the token back above the psychological $0.002 level.

Market participants have also been watching the positioning of well-known Solana trader Ansem, who publicly disclosed a long position around the $0.001675 area.

The disclosure drew additional attention to PUMP during the early stages of its recovery and coincided with improving sentiment across the Solana memecoin sector.

Key PUMP price levels to watch

The next technical test lies around the $0.00210 to $0.00215 resistance zone, where previous rallies have struggled to maintain momentum.

A sustained move above that area would place the next upside targets between approximately $0.0025 and $0.0028.

On the downside, immediate support is seen between $0.00185 and $0.00190.

A deeper pullback could bring the $0.00170 area back into focus, while broader technical analysis identifies around $0.00130 as a level that would invalidate the current bullish structure.

Longer term, some market observers have pointed to $0.005 as a possible target if the current breakout develops into a sustained trend.

However, reaching that level would require continued buying pressure, further increases in trading activity, and the market’s ability to continue absorbing tokens released through the vesting schedule.

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• The lawsuit was filed the day BitMEX announced its shutdown.
• Lawsuit alleges excess Bitcoin collateral was retained.
• Plaintiffs claim losses totalling 622.66 BTC.

BitMEX is facing fresh legal trouble after a class-action lawsuit accused the cryptocurrency derivatives exchange of deliberately engineering customer liquidations to take possession of traders’ Bitcoin collateral.

The lawsuit was filed on the same day the company announced plans to shut down its operations, placing renewed attention on allegations surrounding its liquidation system and trading practices.

The case, filed in the US District Court for the Southern District of New York, seeks to recover hundreds of bitcoins that the plaintiffs claim were wrongfully taken through forced liquidations.

Lawsuit claims more than 622 Bitcoin were wrongfully seized

The lawsuit was brought by BKX Services Inc. and investor David Namdar, who allege they collectively lost 622.66 BTC because of BitMEX’s liquidation process.

According to the complaint, BKX Services lost at least 305.81 BTC, while David Namdar claims losses exceeding 316.85 BTC.

The plaintiffs argue that these losses were not the result of normal market conditions but stemmed from a liquidation system that allegedly operated in BitMEX’s favour.

The complaint accuses the exchange of intentionally triggering liquidations that enabled it to retain customers’ remaining Bitcoin collateral.

It further alleges that BitMEX profited from these liquidations instead of returning any excess collateral after positions were closed.

The plaintiffs are seeking damages and other legal remedies, arguing that the exchange’s practices caused significant financial losses over multiple trading events.

Plaintiffs challenge BitMEX’s liquidation model

At the center of the lawsuit is BitMEX’s liquidation engine, which the plaintiffs claim was designed to benefit the exchange rather than protect traders from excessive losses.

BitMEX became one of the largest crypto derivatives platforms by offering leveraged trading of up to 100x, allowing traders to control positions much larger than their deposited collateral.

While leverage can increase profits, it also raises the risk of liquidation when the market moves against a position.

The complaint alleges that traders’ positions were liquidated even when the remaining collateral exceeded the amount required to cover losses. Instead of returning the excess Bitcoin after closing the positions, the lawsuit claims BitMEX retained those funds.

The plaintiffs also allege that server outages and disruptions during periods of heightened market volatility contributed to liquidations that could have been avoided.

According to the filing, these incidents prevented some traders from managing or closing their positions before they were automatically liquidated.

The lawsuit argues that these practices allowed the exchange to accumulate customer Bitcoin through forced liquidations rather than simply covering trading losses.

Legal action coincides with BitMEX shutdown announcement

The timing of the lawsuit has drawn attention because it was filed on the same day BitMEX announced that it would cease operations.

The company said it plans to shut down on September 23, 2026, following a strategic review of its business.

As part of the closure process, customers have been advised to close open positions and withdraw their assets before operations end.

The legal action now adds another layer of uncertainty to the exchange’s final weeks of operation.

While the shutdown announcement focused on the company’s decision to wind down its business, the lawsuit raises separate allegations regarding the handling of customer funds and liquidation practices.

The claims made in the complaint have not been proven in court, and the lawsuit represents allegations brought forward by the plaintiffs.

The court proceedings will determine whether BitMEX or its related entities bear legal responsibility for the alleged losses.

The case also revives long-running scrutiny of BitMEX’s liquidation system, which has been the subject of debate within the cryptocurrency trading community for years.

As the exchange prepares to end its operations, the outcome of this lawsuit could become one of the most closely watched legal disputes involving a crypto derivatives platform and its treatment of customer collateral.

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• Ethena (ENA) is testing critical support at $0.085.
• A 290M ENA wallet transfer raised selling concerns.
• Bitcoin’s next move could determine ENA’s direction.

Ethena is back in focus after a large wallet transfer drew attention at a time when the token is already testing a crucial price level.

While the transfer sparked concerns about potential selling pressure, the broader market reaction has remained measured.

ENA tests key support as whale transfer attracts attention

Ethena was trading at $0.08695, down 2.4% over the past 24 hours, after moving between $0.08530 and $0.09125 during the session.

Although the daily decline has put pressure on the token, ENA is still up 8.3% over the past seven days and 11.1% over the last two weeks, showing that it has recovered part of the losses recorded earlier this year.

The latest market attention came after a wallet linked to Ethena’s Coinbase custody holdings transferred approximately 290 million ENA, valued at about $26.4 million, to another wallet that has previously interacted with cryptocurrency exchanges.

Today, Ethena’s Coinbase custody wallet (0x631) transferred 290m $ENA, worth $26.41m, to the personal wallet 0xfDD.

Based on its transaction history, wallet 0xfDD typically transfers ENA to personal wallets, which are then used to sell the tokens on Binance and Coinbase.… https://t.co/CkCGU73kLv pic.twitter.com/jkB8dFUNEG

— Nazoku (@Nazo_ku) July 23, 2026

Transactions of this size often raise concerns because they can precede exchange deposits and increased selling activity.

However, the transfer alone did not trigger an immediate wave of selling.

Market data showed that exchange netflows remained negative, meaning more ENA continued leaving exchanges than entering them. That suggests the transaction has not yet translated into confirmed selling pressure in the spot market.

The transfer has therefore become an important signal for traders rather than confirmation of a bearish trend.

Focus is now on whether additional transfers to centralised exchanges follow in the coming sessions.

Falling trading volume points to weak selling conviction

Another notable development is the decline in trading activity.

ENA recorded approximately $89.4 million in 24-hour trading volume, while recent market data showed that daily trading activity had dropped by more than 40% compared with previous sessions.

Lower trading volume during a price decline often indicates that sellers are becoming less aggressive rather than accelerating their positions.

While this does not guarantee a reversal, it also means the recent weakness has not been accompanied by unusually strong conviction from the market.

The token’s historical price action also provides additional context.

ENA reached an all-time high of $1.52 in April 2024 but currently trades about 94.3% below that level.

At the same time, it remains roughly 23.4% above its all-time low of $0.07023, recorded on June 30, 2026.

These figures highlight that ENA continues to trade much closer to its recent lows than its previous peak, making current support levels particularly significant for short-term price direction.

$0.085 remains the level traders are watching

From a technical perspective, $0.085 has emerged as the most important near-term support level.

A sustained move below this area, especially if accompanied by rising trading volume, would increase the likelihood of a decline toward the next major support around $0.080.

On the upside, resistance is beginning to form between $0.093 and $0.096.

Price data also shows a concentration of short liquidation levels just above $0.093, meaning a successful breakout through that region could trigger additional buying as short positions are forced to close.

For now, ENA remains caught between these two key technical zones, leaving traders focused on confirmation rather than anticipation.

Bitcoin’s next move could shape ENA’s direction

Beyond token-specific developments, Bitcoin continues to play an important role in ENA’s short-term outlook.

Market participants are watching whether Bitcoin can remain above $64,000, as broader weakness in the largest cryptocurrency has weighed on sentiment across the digital asset market.

If Bitcoin stabilises, buying interest could return to several altcoins, including ENA.

Conversely, continued weakness in Bitcoin would increase pressure on support levels that are already being tested.

That makes Bitcoin’s price movements an important external factor alongside the developments surrounding the large ENA wallet transfer.

Ethena also continues to maintain strong protocol activity, with approximately $3.992 billion in total value locked (TVL).

While TVL reflects ongoing capital committed to the protocol, traders are currently placing greater emphasis on price action, exchange flows, trading volume, and macro market conditions when assessing ENA’s next move.

For now, attention remains fixed on three developments: whether the $0.085 support can hold, whether the 290 million ENA wallet transfer eventually results in meaningful exchange deposits, and whether Bitcoin can provide enough market stability to support a broader recovery.

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Key takeaways

• Dogecoin (DOGE) is trading below $0.070 after dropping 5% in the previous session.
• Risk-off sentiment driven by geopolitical tensions has reduced demand for speculative assets like meme coins.
• DOGE futures open interest has declined, while trading volume has surged 76%, indicating increased retail activity.

Dogecoin (DOGE) remained under pressure on Friday, trading below $0.070 after suffering a 5% decline in the previous trading session.

The world’s largest memecoin has weakened alongside the broader cryptocurrency market as investors reduce exposure to speculative assets amid heightened geopolitical tensions and deteriorating market sentiment.

Geopolitical uncertainty weighs on memecoins

Dogecoin has historically been one of the most sentiment-driven cryptocurrencies, with its price closely tied to retail investor enthusiasm and broader market risk appetite.

Recent geopolitical developments, including escalating tensions between the United States and Iran, have pushed investors toward a more cautious stance.

The decline in market confidence is reflected in CoinMarketCap’s Fear & Greed Index, which dropped to 37 on Friday from 40 earlier in the week, signaling that sentiment is shifting further toward fear.

As speculative demand fades, meme coins such as DOGE have experienced stronger selling pressure than many larger cryptocurrencies.

Dogecoin’s derivatives market presents a mixed picture. According to CoinGlass, DOGE futures open interest declined to approximately $1.10 billion, indicating a slight reduction in outstanding leveraged positions.

However, futures trading volume surged 76% to around $1.38 billion, suggesting retail traders remain highly active despite the recent price decline.

The increase in trading activity alongside falling prices points to heightened volatility rather than renewed bullish conviction.

Additional derivatives indicators continue to favor sellers. DOGE’s perpetual futures funding rate slipped to approximately -0.0016%, indicating that short sellers are paying long-position holders.

Negative funding rates generally reflect bearish market expectations and growing demand for short positions.

DOGE remains below key technical levels

From a technical perspective, Dogecoin continues to trade within a well-established downtrend.

The meme coin remains below both the 50-day EMA at $0.0788 and the 200-day EMA at $0.1032

Remaining beneath these indicators keeps the short-term and medium-term outlook tilted in favor of sellers.

Momentum indicators show bearish conditions persist, although DOGE is approaching oversold territory.

The Relative Strength Index (RSI) is hovering near 31, indicating selling pressure remains strong, and the asset is nearing levels where buyers may begin looking for value.

Meanwhile, the Moving Average Convergence Divergence (MACD) is testing its signal line, suggesting bearish momentum may continue building if sellers maintain control.

The next important support level lies at $0.0641. A daily close below this level could accelerate losses and trigger another wave of selling.

On the upside, buyers must overcome several resistance levels before sentiment can improve:

• $0.0700 – Immediate resistance
• $0.0777 – Secondary resistance
• $0.0788 – 50-day EMA

Together, these levels form a significant resistance zone that bulls must reclaim to signal a potential trend reversal.

Dogecoin remains vulnerable as weakening market sentiment and geopolitical uncertainty continue to pressure speculative assets.

Unless broader market sentiment improves and DOGE reclaims the $0.070–$0.079 resistance zone, the meme coin could remain on course to test support near $0.0641 in the coming sessions.

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Key takeaways

• Cardano (ADA) is trading below $0.168 after being rejected at the 50-day EMA.
• Derivatives data presents mixed signals, with the long-to-short ratio remaining bullish while funding rates have turned negative.
• Large Cardano whales have accumulated approximately 120 million ADA since Monday.

Cardano (ADA) extended its losses on Friday, trading below $0.168 after buyers failed to overcome resistance at the 50-day Exponential Moving Average (EMA) earlier in the week.

Although some large investors continue accumulating ADA, mixed derivatives data and subdued technical indicators suggest the market remains uncertain about the cryptocurrency’s next major move.

Derivatives data reflects divided trader sentiment

Cardano’s derivatives market is sending conflicting signals. According to CoinGlass data, ADA’s long-to-short ratio stood at 1.07 on Friday. 

A reading above one indicates that more traders are positioning for price gains than declines, reflecting a modest bullish bias among leveraged traders.

However, other derivatives metrics tell a different story. Cardano’s perpetual futures funding rates flipped into negative territory on Thursday and remained at approximately -0.014 on Friday.

Negative funding rates indicate that short sellers are paying long-position holders, typically signaling increased bearish sentiment and expectations of further downside.

The contrast between bullish positioning and negative funding highlights growing uncertainty among traders.

On-chain data suggests larger investors have continued buying despite recent price weakness.

According to Santiment, wallets holding 1 million to 10 million ADA and 10 million to 100 million ADA have accumulated approximately 120 million ADA since Monday.

Meanwhile, wallets containing 100,000 to 1 million ADA have shown relatively little activity.

The selective accumulation by larger holders may indicate confidence in Cardano’s longer-term outlook, although the buying has not yet been strong enough to trigger a broader shift in market sentiment.

ADA remains below major moving averages

From a technical standpoint, Cardano continues to trade within a broader bearish structure.

ADA remains below the 50-day EMA ($0.176), the 100-day EMA ($0.202), and the 200-day EMA ($0.267)

The inability to reclaim these levels suggests sellers remain in control of the medium-term trend.

Technical momentum indicators point to a market lacking clear direction. The Relative Strength Index (RSI) is hovering near 48, reflecting balanced buying and selling pressure without a strong trend.

Meanwhile, the Moving Average Convergence Divergence (MACD) remains slightly above the zero line, suggesting that although occasional recovery attempts continue, bullish momentum remains relatively weak.

Adding to the technical challenge, a previously broken long-term downtrend line near $0.197 has now become a significant resistance level.

For bullish momentum to strengthen, ADA must first overcome several nearby resistance levels, including $0.176 (50-day EMA) and $0.197 (former long-term trendline resistance).

A sustained move above these barriers would improve Cardano’s short-term outlook.

On the downside, traders are watching:

• $0.150 – Immediate horizontal support
• $0.138 – Key Fibonacci support

A break below $0.138 could expose ADA to fresh lows and reinforce the broader bearish trend.

Cardano continues to face selling pressure after failing to reclaim the 50-day EMA, while mixed derivatives signals reflect uncertainty among market participants.

For now, ADA’s ability to hold above $0.150 while reclaiming the $0.173-$0.176 resistance zone will likely determine whether the token can build a stronger recovery or extend its recent decline.

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Key takeaways

• Zcash (ZEC) is trading above $500 but continues to face selling pressure beneath a descending resistance trendline.
• The token remains above its 50-day EMA at $489 and 200-day EMA at $407, preserving its longer-term bullish structure.
• Technical indicators show mixed signals, with the RSI near neutral and the MACD slipping below zero.

Zcash (ZEC) extended its recent pullback on Thursday, trading above the $500 level as sellers continued to defend a key descending resistance trendline.

Although short-term momentum has weakened, the privacy-focused cryptocurrency remains above important long-term support levels, suggesting that the broader uptrend has not yet been invalidated.

Descending trendline limits upside

ZEC has struggled to overcome a descending trendline that currently sits near $581. Repeated rejections at this resistance level indicate that sellers remain active during rallies, preventing the token from extending its previous bullish advance.

Despite the recent weakness, Zcash continues to trade above both its 50-day Exponential Moving Average (EMA) at $489 and the 200-day Exponential Moving Average (EMA) at $407

Holding above these moving averages suggests that buyers still retain control of the longer-term trend, even as short-term momentum cools.

Momentum indicators currently provide a balanced outlook for Zcash. The Relative Strength Index (RSI) is hovering around 52, remaining close to the neutral 50 level. This indicates that neither buyers nor sellers have established clear dominance, reflecting a period of consolidation.

Meanwhile, the Moving Average Convergence Divergence (MACD) has slipped below the zero line, signaling that bullish momentum has weakened in the near term.

While the MACD points to increasing downside pressure, the broader market structure remains constructive as long as key support levels continue to hold.

Key resistance levels

The first major challenge for ZEC is the descending resistance trendline near $581. A successful breakout above this barrier would strengthen the bullish outlook and could pave the way for a retest of the previous swing high around $690.

Reclaiming these levels would signal renewed buying interest and potentially restart the broader uptrend.

On the downside, the 50-day EMA at $489 serves as the most important immediate support.

A sustained move below this level could expose ZEC to additional selling pressure, although the 200-day EMA at $407 remains a strong longer-term support zone that could attract buyers if the correction deepens.

Zcash remains in a healthy long-term uptrend despite its recent pullback. While weakening momentum and resistance around $581 continue to cap gains, the token’s ability to remain above both its 50-day and 200-day EMAs suggests that the broader bullish structure remains intact.

A decisive break above the descending trendline would likely shift momentum back in favor of buyers, while a loss of support at the 50-day EMA could trigger a deeper correction before the next upward move.

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Key takeaways

• XRP continues to trade below its 50-day EMA, keeping the short-term trend bearish.
• Momentum indicators are improving, with the MACD turning more positive and the RSI rising to around 55.
• A break above $1.15 could strengthen the recovery, while failure to do so may trigger another pullback.

Ripple’s native token, XRP, remained under pressure on Thursday, extending its corrective phase as it traded below the 50-day Exponential Moving Average (EMA). 

Although the cryptocurrency has rebounded from recent lows, buyers continue to face strong resistance that has limited the recovery.

The current technical setup suggests that while bullish momentum is gradually improving, XRP has yet to confirm a sustained trend reversal.

50-Day EMA continues to cap upside

XRP is currently trading below the 50-day EMA at $1.1458, while remaining well beneath the 200-day EMA at $1.4425.

These moving averages continue to act as significant resistance levels, preventing the token from building stronger upward momentum.

Recent price action indicates that buyers have successfully defended lower support zones, but rallies have repeatedly stalled before reclaiming key technical levels.

Despite the broader corrective trend, technical indicators suggest that buying pressure is slowly returning.

The Moving Average Convergence Divergence (MACD) remains on an upward trajectory, with both the MACD line and signal line advancing while the histogram continues expanding into positive territory. This indicates that bullish momentum is strengthening.

Meanwhile, the Relative Strength Index (RSI) has climbed to approximately 55, placing it above the neutral 50 level. The reading suggests buyers are gradually regaining control without the market entering overbought conditions.

Together, these indicators point to improving market sentiment, although confirmation of a sustained recovery will require a breakout above key resistance.

Key Resistance Levels

The first major obstacle for XRP is the 50-day EMA at $1.1458. Just above that sits the 50% Fibonacci retracement level of the recent decline from $1.2935 to $1.0092, located around $1.1514.

A decisive move above this resistance zone would improve the short-term outlook and could encourage additional buying interest.

If XRP fails to break higher, traders will likely monitor several important support areas:

• 38.2% Fibonacci retracement: $1.1178
• Broken ascending trendline: Around $1.0937
• 23.6% Fibonacci retracement: $1.0763
• Recent swing low: $1.0092

Holding above these support levels would help preserve the current recovery structure, while a break below them could expose XRP to further downside.

XRP remains in a cautious recovery phase, supported by improving momentum indicators but constrained by significant technical resistance.

A successful breakout above the $1.1458–$1.1514 resistance zone would provide the first meaningful signal that bulls are regaining control. Until then, the token is likely to remain in a consolidation phase, with traders watching whether support around $1.12 can withstand renewed selling pressure.

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• XRP holds above the $1.13 breakout level.
• Whale selling drops as large holders increase accumulation.
• XRPL daily payments surpass 500,000 transactions.

XRP recently moved above the $1.13 level, a price zone that many traders had been watching as a major resistance area.

Holding above this level has shifted attention toward higher resistance levels, with market analyst Dark Defender identifying $1.22, or approximately $1.2269, as the next upside target using Elliott Wave analysis and Fibonacci extension levels.

XRP a clear break and expected to complete the 5 Wave structure we set on 30 Jun. I will add it as a second post for you to check!

$1.13 is the KEY. $1.22 is in sight. (NFA)

Enjoy your day!#XRPArmy #ripple pic.twitter.com/gPCyQQgfzO

— Dark Defender (@DefendDark) July 21, 2026

Dark Defender’s analysis suggests that maintaining support above the breakout zone remains critical for the bullish structure to stay intact.

A sustained move above the current range would strengthen the technical setup, while a drop back below the breakout level could trigger another test of lower support.

Golden cross and breakout strengthen XRP’s technical picture

Another development attracting attention is the appearance of a golden cross, a chart pattern that occurs when a shorter-term moving average crosses above a longer-term moving average.

This signal has historically been associated with improving medium-term momentum.

Although a golden cross does not guarantee higher prices, it is widely regarded as one of the stronger confirmation signals when it appears alongside a confirmed breakout.

The combination of a resistance breakout and a golden cross has created a stronger technical backdrop than either signal would have provided independently.

Focus is now on whether XRP can build enough momentum to challenge the next resistance area identified by Dark Defender.

Whale accumulation replaces heavy selling pressure

On-chain data has also shown a noticeable change in the behaviour of large XRP holders.

Recent blockchain metrics indicate that whale selling pressure has dropped to its lowest level recorded since 2025.

Earlier in the year, hundreds of millions of XRP were regularly transferred by large holders to exchanges, increasing potential selling pressure.

Those exchange inflows have since declined sharply, suggesting that major holders are becoming less active sellers.

At the same time, blockchain data points to accelerating whale accumulation, indicating that some large investors are increasing their XRP positions instead of reducing them.

Normally, buying activity from large wallets reduces immediate selling pressure on the market.

Even so, whale accumulation alone does not determine future price direction. A sustained rally still depends on broader market demand and continued buying interest across both institutional and retail participants.

XRPL network activity reaches important milestone

Beyond price action, the XRP Ledger has also recorded stronger network usage.

Daily payment activity on the XRPL recently climbed above 500,000 transactions, marking one of the strongest levels of network utilisation in recent months.

Payment volume is one of the key indicators used to measure blockchain activity because it reflects how frequently the network is being used for transfers and settlement.

The increase in payment activity comes alongside growing development across the XRPL ecosystem, including projects focused on integrating artificial intelligence with blockchain infrastructure.

While these initiatives are still developing, they point to broader activity taking place beyond simple token trading.

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• Whale bought about 200 million DOGE near the $0.07 support.
• Dogecoin has stayed below its 20-day EMA for a record 65 days.
• Bulls must reclaim $0.075-$0.08 to improve momentum.

Dogecoin has struggled to keep pace with the broader cryptocurrency market, even as Bitcoin and several large-cap digital assets have posted stronger performances in recent weeks.

The popular memecoin is trading at $0.07267, down 0.7% over the past 24 hours, with its price confined to a narrow $0.07207–$0.07381 trading range.

While the subdued price action reflects weaker momentum, on-chain activity and technical indicators suggest a cautious outlook.

Whale buying contrasts with weak price action

One of the notable developments in recent days has been renewed whale activity.

Reports indicate that a large investor acquired roughly 200 million DOGE, a purchase valued at about $14 million, while the token traded near the $0.07 level.

Large purchases of this size often attract attention because they can signal confidence from investors with significant capital.

However, the buying has not yet translated into a broader recovery in price.

Dogecoin remains nearly 90.1% below its all-time high of $0.7316, reached in May 2021, although it is still more than 83,000% above its all-time low recorded in 2015.

The muted reaction reflects the broader slowdown in the memecoin market, where trading enthusiasm has eased compared with earlier phases of the crypto cycle.

Technical indicators show key support facing an important test

Price action continues to revolve around the $0.07-$0.071 support zone, an area identified by several market analysts as a key technical level.

Holding above this range would preserve the possibility of a recovery, while a decisive move below it could expose Dogecoin to additional downside toward the $0.060-$0.058 region.

On the upside, resistance begins around $0.07394, which aligns with the 20-day exponential moving average.

Additional resistance sits near $0.075, followed by the 50-day EMA around $0.07950.

Beyond that, traders are watching the $0.08 level, with $0.08736 near the 100-day EMA and the 200-day EMA around $0.10368 representing higher resistance levels.

The technical picture remains challenging because Dogecoin has now spent 65 consecutive trading sessions below its 20-day moving average, the longest streak on record.

Investor Jordi Visser said this prolonged weakness suggests retail participation has yet to return to the market, raising questions about whether the broader crypto rally has fully expanded beyond Bitcoin and other leading assets.

Despite the bearish trend, momentum indicators are beginning to show signs of exhaustion.

The monthly Stochastic RSI has moved into oversold territory, a condition that technical analyst Trader Tardigrade compared with previous market cycles that were later followed by strong recoveries.

$Doge/monthly#Dogecoin bounces every single time it touches this support trendline — and the pump after each touch is accelerating.

2017: Touch → Pump
2020: Touch → Bigger pump
2026: Touch → ?

This is a long-term support that has held for nearly a decade. Every bounce gets… pic.twitter.com/4paJozoI6j

— Trader Tardigrade (@TATrader_Alan) July 22, 2026

Oversold readings alone do not guarantee a reversal, but they indicate that selling pressure may be weakening.

DOGE’s recovery depends on reclaiming key resistance levels

Dogecoin’s technical outlook now depends on whether Dogecoin can maintain support above $0.07.

A sustained move above $0.075 would represent an early improvement in momentum, while reclaiming $0.08 would strengthen the short-term outlook.

Some technical models point to $0.105 as a potential upside target if support continues to hold and buying momentum builds.

Other longer-term projections have suggested that Dogecoin could revisit the $0.15-$0.22 range under favourable market conditions.

Those projections, however, depend on stronger participation across the cryptocurrency market and a broader recovery in memecoin sentiment rather than current price action alone.

For now, Dogecoin remains in a consolidation phase, and whether it can defend the $0.07 support zone and reclaim nearby resistance levels is likely to determine the next significant move for the memecoin.

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