The cryptocurrency market kicked off the week on an optimistic note, with notable buying activity spotlighting XRP, Chainlink 
$10 (LINK), and Ethereum (ETH) 
$2,346. XRP experienced a significant reduction in selling pressure, dropping by 93% due to reduced whale-broker transfers, bringing it close to a pivotal resistance level at $3.37. Meanwhile, Chainlink surpassed the $20 mark, spurred by substantial investments from large holders, highlighting potential targets of $22 and $28. Concurrently, Ethereum saw a significant inflow of $1.846 billion into spot ETFs within just a week, propelling it toward the $4,000 mark.
XRP Gains Momentum with Reduced Selling Pressure
In the case of XRP, decreased selling activities by major investors have resulted in an upward trend in the Chaikin Money Flow indicator. Despite a decline in price peaks, the upward flow of funds signifies intensified accumulation behind the scenes. This situation suggests that the market is primed for a short-term breakout to the upside.
For Chainlink, the accumulation of 1.6 million LINK by whales indicates that the $20 breakout was no coincidence. This volume-supported price movement strengthens the outlook for reaching not just the $22 target but potentially extending to $28 as well.
On the Ethereum front, record-breaking ETF inflows spearheaded by BlackRock, Fidelity, and Grayscale underscore increasing institutional demand. The daily fund influx remained above $200 million, supporting the notion that the market is entering a broad-based uptrend.
Key Resistance Levels and Target Prices for Altcoins
From a technical perspective, if XRP can turn the $3.37 resistance level into support, it could advance to the $3.62–$3.83 zone, and possibly even $4.00. On the downside, a dip below $2.96 could disrupt the short-term outlook. For Chainlink, if $20 becomes a new support level, a gradual rise toward $22 and subsequently $28 is anticipated. Ethereum’s primary target remains $4,000 by the end of July.
The decline in Bitcoin 
$75,023’s market share indicates a shift of capital towards altcoins, with Ethereum acting as the driving force in this transformation. As RSI indicators approach overbought zones, the potential to test historical highs increases, though the risk of volatility persists.
