Bitcoin Surges to $81,000 as Ripple Faces Whale Selling Pressure

Ripple's XRP has been testing its key support level at $1.40 as on-chain activity remains elevated, despite two consecutive days of price decline.

XRP had rallied from $1.00 to a high of $1.70 last week, but it is now facing selling pressure from whales that could potentially threaten the rally.

However, technical analysis suggests that XRP's structure remains constructive, raising hopes for another breakout attempt towards the pivotal $2.00 target.

Meanwhile, Bitcoin has been on a roll, surging from below $63,000 earlier this month to reach its highest price since mid-May at over $81,000.

The world's largest cryptocurrency recorded its strongest weekly gain in more than three years, driven by optimism and increased institutional demand.