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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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XRP Hits Technical Tension Threshold – Historical Breakthrough or Collapse Below $2?
XRP is approaching a critical technical point, with price action nearing the intersection of trend lines, Fibonacci levels, and Cup Surface. The asset, currently trading at $2.16, is showing compressed movement between the Moving Average and the tightening trend line, which may signal an impending breakout. Tight EMA and Convergence Patterns Indicate Upcoming Movements According to the analysis conducted by Dark Defender through X, XRP "is about to remove the tension". The convergence of technical indicators, including trend lines and Cup Surface, has created a structure where changes can occur rapidly.
The Cup formation is described as "hot", indicating increasing pressure as XRP remains within a wide consolidation range of $1.90 to $2.90 for nearly 200 days. During this time, the asset has attempted several breakouts but has returned to the range. Analysts currently set short-term price targets at $2.22 and $3.61, while $2.0706 remains the main support zone in case of a pullback. This pattern indicates price compression, which often occurs before a strong movement. Historical Model and ETF Dynamics Maintain Upward Concentration Cryptocurrency traders have compared the current structure of XRP with breakthrough scenarios from the past. XRP has previously experienced a strong price surge after a long consolidation period. This altcoin is breaking a multi-year downtrend, in line with similar moves seen before sharp price increases.
Solberg Invest also stated via X, "XRP has broken the downtrend and is currently consolidating" and affirmed the target of $4.50 unless the price drops below $2.1655. On the management side, attention remains focused on the pending decision of the US SEC regarding Franklin Templeton's XRP ETF. Meanwhile, Canada's Purpose Investments launched North America's first spot XRP ETF on June 18, providing managed access to XRP. Traders and analysts are currently closely monitoring as technical and managerial factors align.