Zcash climbed through $1,000 while Bitcoin briefly traded above $82,000 after a softer signal from Federal Reserve Governor Christopher Waller drew buyers back to risk assets. The move lifted the wider crypto market to its highest valuation in more than seven months, although strong US employment data later cooled the rally.
Bitcoin managed to stabilize over the weekend, holding above the 50 EMA on the 4-hour chart. This improved the short-term market structure and opened the door for further gains throughout the week. Since no major U.S. macroeconomic data releases are expected today, no additional pressure from the macro side is anticipated — easing sentiment for Bitcoin and, consequently, the altcoin market.
Five spot XRP ETFs have been listed on the Depository Trust and Clearing Corporation (DTCC) platform under the category “active and pre-launch,” indicating that they are active and preparing for market debut.
The co-founder of crypto exchange BitMEX, Arthur Hayes, revealed that Zcash (ZEC) has become the second-largest liquid position in his family office Maelstrom, surpassed only by Bitcoin. The shift follows a massive surge in the privacy coin’s price over the past few weeks.
The sell-off in the leading cryptocurrency Bitcoin (BTC) has also impacted the largest altcoin, Ethereum (ETH). The ETH price temporarily fell to $3,061 — its lowest level since July 15. Yesterday’s rebound lifted it only to the August 3 low of $3,382. For the first time since early July, Ethereum is trading below its 200-day moving average — a bearish signal. This analysis explores which levels buyers need to reclaim to improve the technical outlook and what targets could come into focus if the downtrend continues.
XRP is experiencing its strongest growth since January, signaling a new phase of network activity and user engagement. According to Santiment, over the past 48 hours, 21,595 new XRP wallets have been created — the highest level in eight months — coinciding with a 12% rise in XRP’s market price.
The XRP/USD pair continues to trade within a medium-term downward trend, forming a corresponding descending channel. This week, the price resumed its decline and is now approaching the lower boundary of the channel. A breakout below 1.9531 (Murray level [2/8]) could lead to a test of the targets at 1.5625 (Murray level [0/8]) and 1.1719 (Murray level [–2/8], Fibonacci extension 100.0%). The key level for the bulls remains 2.7344 (Murray level [6/8], upper Bollinger Band). Securing above this area would mark an exit from the descending channel through the upper boundary and signal a potential continuation toward 3.1250 (Murray level [8/8]) and 3.5156 (Murray level [+2/8]), although this scenario currently appears less likely.
Ethereum has slipped below $3,400, wiping out its year-to-date gains. The second-largest cryptocurrency couldn’t escape the broad sell-off sparked by Bitcoin’s correction.
The ETH/USD pair is forming a medium-term downtrend while correcting within a long-term uptrend. Last week, the price tested the lower boundary of the descending channel at 3540.00 (Fibonacci 38.2% retracement). A breakdown below this level could push the pair toward 3125.00 (Murray [2/8], Fibonacci 50.0%) and 2500.00 (Murray [0/8]). However, if the price breaks above 4062.50 (Murray [5/8], Fibonacci 23.6%) and the middle Bollinger Band, it could exit the range and continue higher toward 4687.50 (Murray [7/8]) and 5000.00 (Murray [8/8]).
More than 2.3 million Solana (SOL) — about $425 million — jumped between wallets in under 30 minutes on November 1. According to Whale Alert, part of the funds ended up on Coinbase, while the rest moved through a chain of unknown addresses. No one has said publicly what the purpose was, so the market is now guessing: was it a whale reshuffling coins, or was it an institutional desk moving liquidity in bulk?
The SOL/USD pair trades within a long-term upward channel but remains near its lower boundary. Investors were disappointed by comments from Federal Reserve Chair Jerome Powell, suggesting the Fed might keep interest rates unchanged in December, which prevented the pair from gaining momentum. Prices remain around the middle Bollinger Band line. The key bearish support zone is still seen at 187.50–183.80 (Murray level [4/8], 50.0% Fibonacci correction). A break below this range could push the pair out of the channel, targeting 165.70 (38.2% Fibonacci correction) and 140.62 (Murray level [1/8], 23.6% Fibonacci correction). Conversely, a rebound and consolidation above 218.75 (Murray level [6/8]) would open the way to 250.00 (Murray level [8/8]) and 265.62 (Murray level [+1/8]).
The XRP/USD pair has stabilized around 0.6400 this week as investors maintain a cautious stance ahead of the U.S. Federal Reserve’s interest rate decision at 20:00 (GMT+2) and tomorrow’s meeting between President Donald Trump and China’s Xi Jinping.