Daily Crypto Signals: Bitcoin Faces Key Support Test, XRP Eyes ETF Approval

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Cryptocurrency markets are entering a pivotal phase as major assets react to shifting sentiment, institutional developments, and regulatory speculation. Bitcoin is testing crucial support levels amid profit-taking, while XRP shows signs of accumulation ahead of potential ETF approvals. Meanwhile, traditional finance giants like Deutsche Bank are stepping into crypto custody, signaling deeper institutional integration.

This analysis dives into the latest price movements, on-chain dynamics, and macro-level developments shaping the digital asset landscape in 2025.

Market-Wide Institutional Shifts Signal Growing Crypto Adoption

The cryptocurrency ecosystem continues to evolve with increasing involvement from traditional financial institutions and regulatory bodies. One of the most notable developments is the U.S. Securities and Exchange Commission (SEC) reportedly exploring a streamlined process for approving cryptocurrency exchange-traded funds (ETFs). According to recent reports, the SEC may allow issuers to use Form S-1 instead of the traditional 19b-4 filing. If no objections arise within 75 days, approval could be automatic—potentially accelerating market access for new digital asset products.

This regulatory momentum coincides with Deutsche Bank, Germany’s largest financial institution, announcing plans to launch a crypto custody service in 2026. Partnering with Austria-based Bitpanda and Swiss firm Taurus, the initiative marks a significant step in bridging institutional finance with blockchain infrastructure. This move builds on the bank’s earlier 2020 announcement and underscores growing confidence in digital asset storage solutions.

Additionally, U.S. lawmakers are advancing legislative efforts that could impact crypto taxation. Senator Cynthia Lummis proposed amendments under the “One Big Beautiful Bill Act” that would exempt transactions under $300 from capital gains tax—a move aimed at fostering everyday crypto usage and reducing regulatory friction.

👉 Discover how institutional adoption is reshaping crypto investing in 2025.

Bitcoin Tests $105,000 Support Amid Profit-Taking Pressure

Bitcoin (BTC) dipped below $105,250 after failing to突破 resistance at $109,000 over the weekend. The pullback has triggered concern among traders as key support levels around $105,000 are now under pressure. A break below this zone could open the door to a retest of the psychologically significant **$100,000 level**.

Technical indicators suggest weakening bullish momentum. Bitcoin remains trapped between a descending trendline and key moving averages. The Relative Strength Index (RSI) hovers near neutral territory, indicating a lack of strong directional bias. This consolidation phase may precede either a resumption of the uptrend or a deeper correction.

On-chain data reveals that the current sell-off is primarily driven by long-term holders. According to Glassnode, investors who held BTC for 3–5 years realized $849 million in profits, while those holding 7–10 years locked in $485 million. Daily realized profits reached $2.46 billion—substantial, but still below the $4–5 billion peaks seen in Q4 2024.

Despite the selling pressure, analyst Yonsei Dent from CryptoQuant notes that Bitcoin’s price remains stable, suggesting strong underlying demand. This pattern reflects classic bull market redistribution, where older investors take profits while new participants absorb supply—potentially setting the stage for future upside.

Key Levels to Watch:

XRP Consolidates Ahead of Potential ETF Catalyst

XRP is trading in a tight range between $2.00 and $2.35, struggling to break through resistance at $2.35 despite growing optimism around regulatory progress. Recent analysis from Bloomberg ETF experts Eric Balchunas and James Seyffart estimates a 95% probability that XRP, along with Solana and Litecoin, will see ETF approvals by 2025. Such a development could serve as a powerful catalyst for price appreciation.

Technically, XRP briefly moved above its 50-day simple moving average at $2.24 but faced immediate selling pressure, resulting in long upper wicks on the daily candlestick chart—indicating rejection at higher levels.

The 20-day exponential moving average (EMA) at $2.17** has emerged as critical short-term support. A strong bounce from this level could reignite bullish momentum and push prices toward $2.65. A confirmed breakout above $2.35 may complete an **inverse head-and-shoulders pattern**, with a measured target of **$2.76.

However, failure to hold above $2.17 could signal bearish dominance, potentially leading to a drop toward **$2.06, followed by a test of the vital $2.00 support zone**—a level where strong buying interest is historically expected.

👉 Explore how ETF speculation is influencing altcoin valuations across the market.

Solana Retreats After Failed ETF Rally

Solana (SOL) saw a brief 5% surge to $160 following news of its first exchange-traded fund launching—but quickly erased all gains within 24 hours. The failed breakout highlights persistent technical weakness and lack of sustained buying pressure.

Currently trading at $146, SOL is approaching a key supply cluster between **$144.5 and $147.7**, where approximately 14.3% of tokens were acquired, according to UTXO realized price distribution data. This zone could act as both resistance and a make-or-break level for near-term direction.

Since failing to突破 $180 in May, Solana has been confined to a descending channel on higher timeframes. The asset has lost nearly 50% of its value since January 19, significantly underperforming Bitcoin, which remains near all-time highs.

For bulls to regain control, SOL must first stabilize above **$144** and successfully retest the demand zone between **$137–$145**. Only a sustained move above $160 would suggest a potential trend reversal.

Frequently Asked Questions (FAQ)

Q: Why is Bitcoin dropping despite strong adoption?
A: Short-term price movements often reflect profit-taking by long-term holders rather than fundamental weakness. The current dip is part of a healthy consolidation phase within a broader bull market cycle.

Q: How likely are XRP ETFs to be approved in 2025?
A: Bloomberg analysts estimate a 95% probability based on evolving regulatory sentiment and precedent from recent spot Bitcoin and Ethereum ETF approvals.

Q: What does Deutsche Bank’s custody service mean for crypto?
A: It signals growing institutional confidence in digital assets and may pave the way for broader banking sector participation in crypto infrastructure.

Q: Can Solana recover from its current downtrend?
A: Yes—but only if it breaks above key resistance at $160 and stabilizes volume-supported gains. Until then, the trend remains bearish.

Q: Are altcoins still a good investment in 2025?
A: Select altcoins with clear catalysts—like ETF speculation or network upgrades—offer asymmetric upside potential compared to more mature assets like Bitcoin.

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