Daily Crypto Signals: Bitcoin Stalls Below $110K While XRP Attracts 70% New Inflows
Bitcoin continues to face resistance at the $110,000 level despite strong institutional demand, while XRP has witnessed massive capital
Quick overview
- Bitcoin struggles to break the $110,000 resistance level despite strong institutional demand and a seven-week upward trend.
- XRP has seen over 70% of its market cap come from fresh investments in the last six months, indicating significant capital inflows.
- The crypto market is in a consolidation phase as traders await key economic data and Nvidia earnings that could influence future movements.
- Security issues persist in the crypto ecosystem, highlighted by a recent incident where an investor lost $2.6 million in stablecoins due to phishing scams.
Bitcoin continues to face resistance at the $110,000 level despite strong institutional demand, while XRP has witnessed massive capital inflows with over 70% of its realized cap representing fresh investment from the past six months. The crypto market remains in a consolidation phase as traders await key economic data and Nvidia earnings that could catalyze the next major move.
Crypto Market Developments
As institutional adoption picks up speed and technical resistance levels remain constant, the bitcoin market is presenting conflicting signals. Launching the first licensed tokenized real estate project in the Middle East, Dubai has made news and represents a major turning point for actual asset tokenization in the MENA area. Designed in association with Dubai Land Department, Central Bank of the UAE, and Dubai Future Foundation, the project lets investors buy tokenized property shares beginning at around $545.
But the market has also seen alarming security events; one crypto investor lost a total of $2.6 million in stablecoins via zero-value transfer scams after falling victim twice within three hours to sophisticated phishing attempts. These events draw attention to the continuous security issues the crypto ecosystem faces notwithstanding institutional acceptance and fast expansion.
With House Speaker Mike Johnson discounting worries over President Trump’s memecoin dinner for elite Trump token holders, political events still shape market mood. Though Johnson said Trump was “the most transparent president” in history, the event—which gathered the 220 biggest holders of Trump’s Official Trump memecoin—has begged openness concerns.
Bitcoin Battles $110,000 Resistance
With institutional demand continuing to rise, Bitcoin BTC/USD stays stuck in a struggle at the $110,000 barrier level trading at over $108,978. The top cryptocurrency has shown seven straight weekly increases—a pattern that has traditionally preceded big upward swings. Three times in its past, Bitcoin has only shown eight consecutive weekly positive closes, according to crypto analyst Carpe Noctom; each incident was followed by higher prices in the next six to twelve month period.
Though price consolidation has changed institutional interest still strong. While spot Bitcoin ETFs reported $2.75 billion in inflows over the same period, Michael Saylor’s MicroStrategy bought additional $427 million worth of Bitcoin from May 19–25 at an average price of $106,237. Another turning point in institutional acceptance is JPMorgan’s declaration that it will at last let customers buy spot Bitcoin ETFs, therefore exposing Bitcoin exposure to the $6 trillion in customer deposits of the bank.
With Bitcoin futures premium at 8% and options data showing a negative 6% delta skew, indicating put options selling at a discount – generally typical of bullish markets, derivatives markets present a cautiously optimistic picture. Funding rates have dropped, meanwhile, compared to last week, and traders are monitoring forthcoming economic data including PCE inflation figures and the Richmond Fed manufacturing index that might affect Bitcoin’s capacity to rise over $112,000.
XRP Records 70% Fresh Inflows in Six Months
With on-chain data showing over 70% of all capital kept in XRP XRP/USD has joined the network within the previous six months amid increased pricing, XRP has become a standout narrative in terms of capital movements. Comprising more than 70% of XRP’s market cap, this huge flood of fresh money marks hitherto unheard-of capital deployment close to recent price highs between $2-2.65.
Given that these inflows came during XRP’s surge to multi-year highs and then spell of correction, their timing is especially remarkable. This concentration of recent investment puts a precarious situation in place since rather small price declines could cause a lot of holders to lose unrealized value. Currently trading at $2.29, XRP finds itself fluctuating between resistance at $2.65 and important support at $2.00.
For the basic health of XRP, network activity data shows a conflicting picture. Although the large financial flows show great investor interest, since March’s high, the number of active addresses has dropped by almost 90%. This substantial drop in on-chain activity points to real network utilization contracting greatly, maybe reflecting speculative rather than utility-driven demand in spite of the money flood.
Solana Price Prediction: $300 Next Target?
Solana SOL/USD has shown great momentum, rising 86% from its April 7 lows of $95 to current levels of $173.47. Driven mostly by Raydium’s 52% monthly growth and solid gains across other significant DeFi apps including Jupiter DEX, Jito liquid staking, and Kamino Lending, the network’s fundamentals continue to strengthen with total value locked (TVL) increasing by 54% to $9.44 billion since early April.
With combined market capitalization jumping 65% from $8.1 billion in early April, the memecoin ecosystem on Solana has been a major driver of growth. Since early April, daily trading volumes for Solana-based memecoins have more than doubled, suggesting increasing network activity and user involvement. This memecoin rebirth has shown up in more DEX activity and general network use.
With the asset now testing a major supply-demand zone between $180-200, technically SOL seems to be creating a positive V-shaped recovery pattern on weekly charts. With ultimate targets reaching all-time highs above $295 reflecting possible 66% upside from current levels, a decisive breakout above this level might drive SOL into the neckline of the pattern at $252. From 36 at the end of March, the relative strength index has risen to 53, implying increasing positive momentum.
Top Altcoins to Watch Today
- Hyperliquid (HYPE) stands out as a top performer, breaking above $35.73 resistance and targeting $42.25 with potential extension to $50. The strong uptrend reflects growing interest in the decentralized perpetuals platform.
- Ethereum ETH/USD is attempting to reclaim momentum after finding support at the 20-day EMA around $2,425. A break above $2,738 could open the path to $3,000, with bulls likely to face resistance around $2,850.
- BNB BNB/USD is testing overhead resistance at $693 after bouncing from the 20-day EMA at $652. A successful breakout could lead to targets in the $732-761 zone, supported by positive technical indicators.
- Cardano ADA/USD remains range-bound near $0.75 as buyers attempt to maintain support above the neckline of an inverse head-and-shoulders pattern. A break above $0.86 would tilt the advantage toward bulls with targets at $1.01.
- Dogecoin DOGE/USD continues trading between $0.21 support and $0.26 resistance, with the recent bounce off the 20-day EMA suggesting another test of the upper range is likely.
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