Bitcoin, Ethereum, XRP and Dogecoin All Experience Significant Recoveries

Bitcoin (BTC) price showed signs of fatigue on Tuesday, despite testing a new seven-week high as on-chain data revealed that large wallets were coping with persistent selling pressure during recent dips.

Bitcoin price analysis

Bitcoin rose by 0.3% over the past 24 hours to $105,265 by 07:45 ET (11:45 GMT). The world’s biggest cryptocurrency had hit as low as $101,000 during a series of declines in late May, wiping out nearly $1 billion in open interest.

But it went on to log four days of gains, notching a peak of $106,560 on Monday.

Bitcoin price movements in recent days were also marked by massive on-chain activity, with large wallets seen absorbing the selling pressure during dips—a trend often associated with future recoveries.

This helped the token maintain bullish momentum despite general market fatigue and a lack of immediate catalysts. On the macroeconomic front, escalating geopolitical tensions and anticipation of monetary easing kept boosting Bitcoin’s appeal as an uncorrelated asset.

As the Federal Reserve signaled a potential pause in its rate hikes and the U.S. dollar showed signs of slight weakness, Bitcoin was increasingly being touted as a hedge against volatility.

From a technical perspective, Bitcoin remained supported above the $103,000 level, with short-term price targets set at $108,000.

If buying pressure persists, a rally towards $137,000 within this month appeared feasible, with long-term forecasts suggesting a valuation of $400,000 by 2030.

Crypto prices today

According to Arcane Research, in the last three days alone, Ethereum had experienced an increase of more than 7%, recovering from lows around $2,430 to reach a high of $2,650.83. As of 07:45 ET (11:45 GMT) on Tuesday, it was trading at $2,609.8.

The price momentum for Ethereum was underpinned by growing speculation that the U.S. Securities and Exchange Commission may soon approve a spot Ethereum ETF.

Moreover, the recent restructuring of the Ethereum Foundation had also sparked renewed interest in the blockchain, with a focus on protocol development and staking infrastructure attracting both institutional and retail flows.

Remaining above its key moving averages, chart observers were keeping an eye on a breakout above $2,810 to trigger further gains in the world no.2 cryptocurrency. Still, previous attempts to breach this level had failed, highlighting the need for sustained bullish pressure.

Some models predicted that Ethereum could test $6,000 later this year, with further increases up to $12,000 possible if institutional demand escalated dramatically.

XRP price surges above $2.19 as open interest hits $5B

XRP showed signs of a breakout on Tuesday, rising nearly 7% from weekend lows and now trading around $2.20.

The token hit a daily high of $2.2229, driven by a surge in derivatives activity. As of 07:45 ET (11:45 GMT), XRP was trading at $2.21.

Data showed that open interest in XRP contracts was nearing the $5 billion mark, indicating strong anticipation for a decisive movement in the token.

This buildup in open positions had also fueled speculation about a potential short squeeze if prices were to rise.

While XRP had historically shown significant price swings during periods of increased open interest, the lack of a clear catalyst—such as updates on Ripple’s legal battle or ETF approval—left its future direction uncertain.

Price models suggested that XRP could reach between $4.50 and $10 by year-end if conditions aligned favorably, but any decline could trigger substantial corrections due to the leveraged nature of current trades.

Dogecoin price climbs to $0.2013 as traders shift to meme coins

Dogecoin was also back in the spotlight on Tuesday, hitting an intraday high of $0.2013 following three days of gains.

It was last trading around $0.195.

This move came as traders typically booked profits from major coins—like Bitcoin and Ethereum—and shifted their attention to riskier meme tokens during broader cryptocurrency rallies.

Dogecoin’s Bollinger Bands were also seen widening, indicating increasing volatility, and traders were keeping an eye on resistance near $0.2310 as the next breakout level.

If Dogecoin were to fail to maintain support at $0.1900, a retest of $0.17 may be plausible.

While Dogecoin remained a speculative token, short-term technical data suggested potential for further