Overview
- Bitcoin climbed back over $110,000 with key resistance flagged near $111,000–$112,000, as broader crypto benchmarks recovered after last week’s marketwide washout.
- On-chain and derivatives data show large clusters of BTC short positions between $110,000 and $130,000, raising the prospect of a squeeze if price advances through nearby resistance.
- XRP is consolidating around $2.35–$2.50 with a roughly 50% jump in 24‑hour trading volume and multi‑month highs in XRP Ledger DEX activity, as traders watch a potential break above $2.50–$2.65.
- Analysts remain divided on XRP’s path, with cautions about a pullback toward roughly $1.55 versus speculative upside calls to $6.50–$8 that hinge on sustained risk appetite and fresh inflows.
- Near‑term drivers include pending ETF decisions slowed by the U.S. government shutdown, scheduled U.S.–China talks this week, expectations for a late‑October Fed rate cut, and reports of Ripple exploring a $1 billion XRP treasury raise.