{"id":20744,"date":"2025-07-16T07:35:24","date_gmt":"2025-07-16T07:35:24","guid":{"rendered":"https:\/\/bitcointrieste.com\/pilabank\/?p=20744"},"modified":"2025-07-21T05:32:38","modified_gmt":"2025-07-21T05:32:38","slug":"interest-in-bitcoin-and-xrp-is-finally-increasing-but-in-the-short-term-the-rally-is-not-continuing","status":"publish","type":"post","link":"https:\/\/bitcointrieste.com\/pilabank\/2025\/07\/16\/interest-in-bitcoin-and-xrp-is-finally-increasing-but-in-the-short-term-the-rally-is-not-continuing\/","title":{"rendered":"Interest in Bitcoin and XRP is finally increasing."},"content":{"rendered":"\n

Interest in Bitcoin and XRP is finally increasing, but in the short term, the rally is not continuing.<\/strong><\/p>\n\n\n\n

Bitcoin<\/strong> \u2013 As expected, the market rally stalled in the last 24 hours, but instead of consolidating, prices dropped by more than 5%, reaching as low as $116,800, a move typical of a bullish market. Reports suggest that profit-taking by long-term holders is weighing on the cryptocurrency\u2019s price.<\/p>\n\n\n\n

It is normal for markets to revisit breakout points\u2014in this case, the May 22 high of about $111,960\u2014and test the underlying buying interest before outlining more sustained rallies. A similar dynamic occurred earlier this year when prices fell from over $100,000 to $75,000, revisiting the late-2024 breakout point.<\/p>\n\n\n\n

From a technical analysis perspective, a broader bullish orientation will prevail as long as prices remain stuck within the ascending channel on the daily chart. In the next 24 hours, attention will shift to the hourly chart, which shows a strong downward corrective trend, with prices moving below the Ichimoku cloud, suggesting bearish momentum.<\/p>\n\n\n\n

However, the RSI on the hourly chart has dropped below 30, indicating an oversold condition\u2014contrasting sharply with the over-70 or overbought reading recorded the day before. Therefore, a rebound cannot be ruled out. The probability of a pullback to $111,960 would weaken if the potential recovery breaks the descending channel. <\/p>\n\n\n\n

According to CoinGecko data, volatility may remain high as cumulative open interest on onshore and offshore futures and perpetual futures has risen to 734.82K BTC, just below the October 2022 record of 744K BTC. The growth in open interest is likely driven by offshore exchanges, as the number of active contracts on the CME remains below the May peak, with the annualized quarterly basis still under 10%. In contrast, annualized funding rates on offshore perpetuals have exceeded 11%, indicating growing demand for bullish exposure.<\/p>\n\n\n\n

The MOVE index, which measures 30-day implied volatility in U.S. Treasury securities, has rebounded from a critical level that has consistently preceded strong market volatility spikes since 2024. This is a concern for bulls because volatility spikes in the Treasury market tend to lead to financial tightening\u2014an environment that favors risk aversion. Moreover, since 2024, MOVE lows have marked temporary BTC price highs.<\/p>\n\n\n\n

Caution is warranted as history could repeat itself, potentially leading to a further decline in the BTC bull market.<\/p>\n\n\n\n

AI opinion:<\/strong> Bitcoin\u2019s 5% drop is a positive sign for the bull market, aiming to retest the key $111,960 breakout level before potentially launching a stronger rally.<\/p>\n\n\n\n

Resistance:<\/strong> $118,000\u2013118,500, $120,000, $123,181
Support:<\/strong> $113,688 (38.2% Fibonacci retracement from June 22 rally lows), $111,965, $107,823 (61.8% Fibonacci retracement)<\/p>\n\n\n\n

XRP: Holding 100-hour MA and Cloud Support<\/strong><\/p>\n\n\n\n

XRP has dropped from $3 and appears trapped in a descending channel on the hourly chart, mirroring BTC. However, XRP seems relatively better positioned, maintaining the convergence of the 100-hour simple moving average (SMA) and the Ichimoku cloud at $2.81.<\/p>\n\n\n\n

A breakout from here would imply the end of the correction and the resumption of the broader bullish trend toward the annual high of $3.4. On the way up, bulls will likely be tested again around $3.<\/p>\n\n\n\n

Watch for a move below the Ichimoku cloud, as it would strengthen the immediate bearish scenario, shifting focus to the 200-hour SMA at $2.6.<\/p>\n\n\n\n

Volatility may increase again, with perpetual futures open interest reaching an all-time high of 2.74 billion XRP, according to Coinglass. XRP\u2019s annualized funding rates stand at 15%, indicating growing demand for leveraged bullish positions.<\/p>\n\n\n\n

AI\u2019s view:<\/strong> Despite XRP\u2019s hourly chart showing a bearish trend mirroring BTC\u2019s decline from $3, its solid hold above the 100-hour SMA and Ichimoku cloud at $2.81 signals underlying support. The record open interest in perpetual futures and high funding rates indicate significant bullish leveraged demand, potentially leading to a breakout above $3 toward $3.4, likely if current support holds.<\/p>\n\n\n\n

Resistance:<\/strong> $3, $3.4
Support:<\/strong> $2.81, $2.6\u2013$2.65, $2.38<\/p>\n\n\n\n

Paolo Precali<\/em>
<\/strong>Marketing and communication.
<\/p>\n","protected":false},"excerpt":{"rendered":"

Interest in Bitcoin and XRP is finally increasing, but in the short term, the rally is not continuing. Bitcoin \u2013 As expected, the market rally stalled in the last 24 hours, but instead of consolidating, prices dropped by more than 5%, reaching as low as $116,800, a move typical of a bullish market. Reports suggest […]<\/p>\n","protected":false},"author":7,"featured_media":20745,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"793","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13],"tags":[11,12],"class_list":["post-20744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-xrp"],"jetpack_featured_media_url":"https:\/\/bitcointrieste.com\/pilabank\/wp-content\/uploads\/2025\/07\/bitcoin-xrp-analisi-15-07-25.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/bitcointrieste.com\/pilabank\/wp-json\/wp\/v2\/posts\/20744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcointrieste.com\/pilabank\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcointrieste.com\/pilabank\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcointrieste.com\/pilabank\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcointrieste.com\/pilabank\/wp-json\/wp\/v2\/comments?post=20744"}],"version-history":[{"count":4,"href":"https:\/\/bitcointrieste.com\/pilabank\/wp-json\/wp\/v2\/posts\/20744\/revisions"}],"predecessor-version":[{"id":20762,"href":"https:\/\/bitcointrieste.com\/pilabank\/wp-json\/wp\/v2\/posts\/20744\/revisions\/20762"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcointrieste.com\/pilabank\/wp-json\/wp\/v2\/media\/20745"}],"wp:attachment":[{"href":"https:\/\/bitcointrieste.com\/pilabank\/wp-json\/wp\/v2\/media?parent=20744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcointrieste.com\/pilabank\/wp-json\/wp\/v2\/categories?post=20744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcointrieste.com\/pilabank\/wp-json\/wp\/v2\/tags?post=20744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}