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The crypto assets market has recently seen a notable trend. According to reliable sources, a major player with significant funds purchased approximately 40,000 Ether (ETH) through the Kraken exchange in just 10 hours, with a total value reaching 110.7 million USD. This astonishing purchase amount is equivalent to nearly 2.5 weeks of new supply on the Ethereum network. Such a large-scale transaction naturally sparked widespread attention in the market. Some analysts pointed out that this may indicate certain institutional investors' long-term optimism about Ethereum. However, it is puzzling that despite such a massive purchase, the price of Ethereum has not shown the expected increase. This phenomenon has sparked much speculation among crypto enthusiasts and investors. Some believe that this may be due to the overall market sentiment remaining cautious, which has suppressed the upward momentum of prices. There are also viewpoints suggesting that there may be other large holders simultaneously selling off, thereby offsetting the impact of this large-scale buying. Regardless, this event once again highlights the complexity and unpredictability of the Crypto Assets market. For ordinary investors, it serves as a reminder: when making investment decisions, one should not only focus on a single event but also consider all aspects of the market. As this news spreads, market participants will closely monitor the subsequent trends of Ethereum to observe whether this large-scale buying will have a more significant impact on prices in the future.

The XRP market has performed remarkably in recent times, with the price breaking $2.39 on July 9, marking a new high since May 23. Data on large holders' positions shows a significant increase in the number of wallets holding at least 1 million XRP, currently reaching 2,742, with a total of 47.32 billion XRP held, reflecting growing confidence in XRP among large investors. As of the time of publication, the price of XRP has risen to $2.42, with a 24-hour increase of 4% and a weekly increase of 7%. Notably, trading volume has also seen a significant surge, soaring by 74.1% in 24 hours to $4.54 billion. The derivatives market is equally bustling, with XRP trading volume skyrocketing by 77.68% to $9.95 billion, and open interest increasing by 10.12% to $5.62 billion, indicating heightened speculative sentiment in the market. From a technical analysis perspective, after XRP broke through the $2.40 level, the price surpassed the upper Bollinger Band, showing strong short-term momentum. Currently, the price firmly stands above the 10-day, 20-day, and 50-day moving averages. The Relative Strength Index ( RSI ) is at 66, indicating strength but not yet in the overbought territory; the MACD indicator remains positive and continues to widen, suggesting that the current trend is likely to persist. The synchronized increase in trading volume also provides strong support for this breakout. The expansion of the Bollinger Bands indicates that greater volatility may occur in the future. Short-term technical indicators are close to the top, which may suggest a slight pullback is imminent. The next key resistance level that the market is watching is at $2.50. If XRP can hold the support at $2.40, it is expected to challenge the high of $2.63 set in May. However, if the price falls below $2.30, this breakout may fail and could retreat to the $2.21 level near the 20-day moving average. Overall, the recent rise of XRP is supported by both increased holdings from large investors and a surge in trading volume. However, investors should remain vigilant about potential market volatility and closely monitor key price level breakthroughs or pullbacks.

The performance of the crypto market in April was complex, with stablecoin on-chain transaction volumes reaching new highs, but most indicators such as total on-chain transaction volume, Miner income, and the NFT market showed a decline. At the same time, the Options market was active, with transaction volumes setting new records. Overall, it indicates that the market is facing challenges.

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