XRP On-Chain Velocity Hits Yearly High As Network Activity Explodes

Bitcoin, Ethereum, and Solana are showing signs of a potential high-time-frame reversal, stabilizing at key structural support levels after weeks of price compression. All three cryptocurrencies printed a bullish engulfing candle, indicating renewed buyer interest. This development suggests a significant shift in market dynamics for these leading assets.

Ethereum has shown resilience by reclaiming the $3,150 level, indicating a potential recovery after a period of significant selling pressure and market uncertainty. The Net Unrealized Profit/Loss (NUPL) for Ethereum is currently at 0.22, reflecting a balance between fear and optimism among investors.

The Fusaka upgrade for Ethereum (ETH) has been successfully implemented, leading to a notable increase in its price, which has risen above the $3,200 mark. This upgrade, aimed at enhancing network performance and scalability, has reignited interest among traders and analysts, who are now eyeing a potential price target of $3,500.

Spot XRP exchange-traded funds (ETFs) have achieved a remarkable inflow streak, nearing $1 billion after 13 consecutive days of inflows, reflecting a significant surge in institutional interest in XRP. This trend highlights the growing acceptance and demand for cryptocurrency investment products.

Ether (ETH) has recently outperformed Bitcoin in terms of spot ETF flows and short-term returns, with technical charts indicating a potential 20% price increase. This trend suggests a shift in market dynamics favoring ETH over BTC as traders adjust their positions accordingly.

Bitcoin is currently facing a critical resistance level between $98,000 and $100,000, as highlighted by Trader Mayne. A successful breakthrough in this range could significantly alter the market structure, indicating a bullish trend for the cryptocurrency. This comes after Bitcoin's recent recovery from a dip, with prices hovering around $93,000.

Bitcoin's price is expected to remain below $95,000 as low liquidity in December may limit its recovery rally, according to analyst Paul Howard. This situation could lead to rangebound trading for Bitcoin, which may inadvertently benefit smaller altcoins in the market.

The UK has officially granted cryptocurrencies full legal asset status under English law with the Royal Assent of the Property (Digital Assets etc.) Act on December 2, 2025. This legislation clarifies the ownership and legal standing of digital assets, including Bitcoin, marking a significant shift in the regulatory landscape for cryptocurrencies in the UK.