Ethereum and XRP Signal Breakout amid Crypto Wallet Growth
The confidence of HODLers in crypto remains the key driving force. Here’s how the Bitcoin, Ethereum, and XRP price trend will shape in 2025 based on the change in non-empty wallets.
This highlights the quick fizzle of the early 2025 recovery week of 6.98%. Currently, the crypto market cap stands at $3.24 trillion with Bitcoin trading at $94,789.
The first 10 days of 2025 highlight massive fluctuations in crypto prices. Furthermore, the whole HODLer community has also faced a massive surge in volatility.
Since the start of 2025, the number of crypto holders has witnessed a significant change. This reflects the confidence of investors in certain tokens and the rising FUD in others.
Since the new year, Bitcoin has added 102K new wallets followed by Ethereum added 645K wallets. The XRP ledger also maintains a positive trend with 58k new wallets and Cardano adding 2.8K wallets.
As the majority of the top altcoins and bitcoin maintain a rising trend in wallets, it reflects the investors’ confidence on a long-term scale. However, the declining trend in Chainlink reveals the surge of FUD.
Ethereum Price Recovery Targets $3,500
In the 4-hour price chart, Ethereum reveals a recovery rally at hand. Over the past 12 hours, Ethereum price has created three consecutive bullish candles.
Furthermore, the ETH crypto price trend is currently hinting at a fourth bullish candle to break above the $3,300 mark. Challenging the 23.60% Fibonacci level, ETH crypto price has witnessed a 3.50% surge amid the short-term recovery.
This challenges the recent bearish engulfing candle, accounting for the 3.75% drop last night. Furthermore, the bullish divergence in the RSI line with the recent 24-hour low is hinting at an extended rally.
Based on the Fibonacci level, the 23.60% breakout run will likely challenge the 50% level at $3,546. However, a bullish failure will likely retest the $3,100 mark.
Bullish Flag in XRP Targets New All-time High
Similar to Ethereum, XRP crypto has also witnessed an intraday recovery of 1.64%. Currently, XRP trades at $2.30 while challenging the local resistance trendline.
Based on the prevailing trend, the XRP crypto price trend creates a bullish flag in the daily chart. Currently, the XRP price is challenging the overhead resistance trendline, hinting at a potential breakout rally.
As per the trend-based Fibonacci levels, the breakout rally will likely challenge the 50% Fibonacci level at $4.68.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Vishal, a Bachelor of Science graduate, began his journey in the crypto space during the 2021 bull run and has since navigated the subsequent market winter. With a strong technical background, he is dedicated to delivering insightful articles rich in technical details, empowering readers to make well-informed decisions.