Among the standout cryptocurrencies in recent days, XRP and Toncoin have captured close market attention. Notably, XRP has traded in a narrow price band for the past three months. Many experts warn that such a period of “compression” could precede a sharp price swing. Analyst Dom highlighted that XRP has remained flat for nearly a quarter, facing major resistance between $1.45 and $1.47.
Critical threshold and expectations for XRP
After experiencing a significant wave of selling earlier this year, the price of XRP dropped as low as $1.10 in February. Since then, it has staged a partial recovery, trending upwards in a pattern closely watched in technical analysis. The ascending trendline is now seen as a key dynamic support for XRP’s movement.
According to analysts, if XRP can achieve a clear close above the $1.47 level, the stage could be set for a rapid upward move. However, the general momentum of the crypto market is expected to hinge mainly on Bitcoin’s performance in the coming period.
Experts have drawn attention to the way XRP has remained boxed in a defined price range for close to three months, stressing that all eyes are now on the $1.47 threshold. Should Bitcoin gain positive momentum, they say a strong XRP rally could quickly follow.
Telegram boost drives TON price higher
In another headline-making move, Toncoin has seen its price soar in recent days. Telegram founder Pavel Durov’s announcement that the company will increase its involvement in the TON network sparked a market reaction. Following this statement, Toncoin’s value leaped by 69 percent, rising from $1.30 to over $2.30 in a matter of days. Toncoin thus became the top gainer among major cryptocurrencies in the last three days.
With millions of users worldwide, Telegram is a leading messaging app, and its latest strategy aims to cement greater influence over the TON network. This development prompted Toncoin’s price to lead the broader crypto market rally.
Pavel Durov’s plan to make Telegram the largest validator on the TON network created significant demand for Toncoin and accelerated its price rise.
Technical buy signal emerges for Bitcoin
Meanwhile, technical indicators have turned positive for Bitcoin. Famed analyst John Bollinger confirmed that with BTC recently surpassing $80,000, his eponymous indicator now flashes a ‘buy’ signal. He revealed on social media that his own “Tactica” fund has resumed Bitcoin investments due to these signals.
John Bollinger, creator of the popular Bollinger Bands tool, is known for making widely followed market predictions. His latest remarks could increase risk appetite among large institutional investors watching the crypto space closely.
Market participants view John Bollinger’s model showing a positive signal on Bitcoin—and his decision to fully allocate his fund into BTC—as an important vote of confidence in the current market.
According to CryptoAppsy data, Bitcoin’s recent surge above $80,000 has reignited interest among investors, further boosting overall market sentiment.
