XRP Smashes All-Time High As Bitcoin Reclaims $119,000 And Dogecoin, Ethereum Continue Climb

Cryptocurrency markets are trading higher on Thursday, with XRP clipping a new all-time high beyond the $3.40 mark.

Notable Statistics:

• IntoTheBlock data shows large transaction volume decreasing by 18.2% and daily active addresses falling by 4%. Transactions greater than $100,000 are down from 12,730 to 11,451 in a single day. Exchanges netflows are down by 125.9%.
• Coinglass data reports 142,675 traders were liquidated in the past 24 hours for $478.04 million
• The top gainers in the past 24 hours include Flare (CRYPTO: FLR), Curve DAO Token (CRYPTO: CRV) and Fartcoin (CRYPTO: FARTCOIN).

Notable Developments:

• $344M And Counting: What Is Ripple Co-Founder Chris Larsen Planning With His XRP Transfers?
• Is El Salvador Faking Its Bitcoin Growth? IMF Footnote Sparks New Doubts
• GameSquare Shares Tumble On $70 Million Public Offering To Fuel Crypto Strategy
• $1.5 Billion In One Day: Why Bitcoin And Ethereum ETFs Are Running Wild
• A Dogecoin Treasury Company? Bit Origin Plans To Raise $500 Million To Do Just That

Trader Notes: Crypto trader Jelle pointed out that Bitcoin has just confirmed a 3-day bullish MACD cross — a technical pattern that has historically preceded strong upward moves.

Based on prior occurrences, Jelle expects Bitcoin to rally toward the $130,000–$150,000 range.

Crypto Chase emphasized the importance of Bitcoin holding its current support zone (dubbed "the box") to preserve local bullish momentum.

He noted he's still holding half of a long position entered at $111,000, after taking profits at $119,700. Chase isn't planning further trades until a clear setup emerges.

Daan Crypto Trades added a macro perspective: while Bitcoin has delivered modest returns in June and July, the months of August and September tend to be choppy and illiquid.

August has historically posted only +1.75% average gains, with frequent sharp drops during this period.

However, these corrections often set the stage for October — Bitcoin's strongest month.

He also noted that late-summer boredom or Bitcoin stagnation can lead to sector-specific rallies (e.g., meme coins, AI tokens) as traders rotate into more volatile plays.

Read Next: 

• Bitcoin’s 4-Year Cycle Is Dead, Researcher Says: Here’s Why It Matters For XRP

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