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  <p class="is-style-lead">Glassnode’s latest on-chain metrics show the number of <a href="https://crypto.news/price/bitcoin/" data-type="URL" data-id="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">bitcoin</a> wallets holding over 1 BTC has hit a new all-time high (ATH), indicating investor optimism in the crypto markets.</p> 
  <p>The court decision that <a href="https://crypto.news/price/xrp/" rel="noopener noreferrer nofollow">XRP</a> is not a security has brought about <a href="https://crypto.news/crypto-twitter-discusses-us-xrp-ruling-citing-possible-binance-implications/" rel="noopener noreferrer nofollow">positive reactions</a> from market participants, as it challenges the Securities and Exchange Commission’s (SEC) stance on token classification.&nbsp;</p> 
  <p>Ripple CEO Brad Garlinghouse has <a href="https://crypto.news/ripple-ceo-calls-xrp-ruling-a-win-for-crypto-industry/" rel="noopener noreferrer nofollow">praised</a> the ruling, asserting that it will likely positively affect other digital tokens operating in the United States. This legal victory has triggered a surge in altcoin prices.&nbsp;</p> 
  <p> You might also like: <a href="https://crypto.news/ripple-ceo-calls-xrp-ruling-a-win-for-crypto-industry/" rel="noopener noreferrer nofollow"> Ripple CEO calls XRP ruling a win for crypto industry </a> </p> 
  <p>XRP has experienced a short-term price decline after a dramatic surge. It is currently valued at $0.7285. XRP’s price surged by 54.02% during the past week. With 53 billion XRP in circulation, the digital asset’s market cap is $38.2 billion. </p> 
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   <img decoding="async" width="1200" height="1200" src="https://crypto.news/app/uploads/2023/07/AXRP.jpeg" alt="Bitcoin addresses with over 1 BTC hit ATH as XRP fuels altcoins rally - 1" class="wp-image-14178616"> 
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     XRP price | Source: CoinGecko 
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  <p>The RSI value on the weekly timeframe is 83.84, signaling a strong bullish sentiment. Critical support lies at $0.57, while a decisive close above the resistance zone between $0.95 and $1 could pave the way for further gains.</p> 
  <p> You might also like: <a href="https://crypto.news/xrp-trading-volume-skyrockets-amid-favorable-court-decision/" rel="noopener noreferrer nofollow"> XRP trading volume skyrockets amid favorable court decision </a> </p> 
  <h2 class="wp-block-heading" id="ethereum-holds-strong">Ethereum holds strong</h2> 
  <p>Ethereum (<a href="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>) has encountered a minor pullback, with its price falling to $1,937. ETH has witnessed a 4.12% price increase over the past week, bringing investor confidence.&nbsp;</p> 
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   <img decoding="async" loading="lazy" width="1200" height="1200" src="https://crypto.news/app/uploads/2023/07/1ETH.jpeg" alt="Bitcoin addresses with over 1 BTC hit ATH as XRP fuels altcoins rally - 2" class="wp-image-14178621"> 
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     ETH price | Source: CoinGecko 
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  <p>With a market cap of $232.8 billion and 120 million coins in circulation, Ethereum continues solidifying its market position.</p> 
  <p>The RSI on the weekly time frame reads 60.26, indicating a positive trend. ETH faces resistance at the $2,000 level, but a possible breakout from that level could push the price to $2,100 and $2,200.</p> 
  <p> You might also like: <a href="https://crypto.news/crypto-exchanges-relist-xrp-amid-ripples-partial-victory-in-us/" rel="noopener noreferrer nofollow"> Crypto exchanges relist XRP amid Ripple’s partial victory in US </a> </p> 
  <h2 class="wp-block-heading" id="glassnode-s-data-reveals-key-insights">Glassnode’s data reveals key insights</h2> 
  <p>Accompanying Ripple’s triumph, on-chain analytics firm Glassnode has released new data. According to its metric, bitcoin continues to display robust fundamentals. The number of addresses holding 1+ BTC has surged to an all-time high of 1,009,670, surpassing the previous ATH set on July 14.&nbsp;</p> 
  <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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    <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
     <p lang="en" dir="ltr">📈 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> Number of Addresses Holding 1+ Coins just reached an ATH of 1,009,670<br><br>Previous ATH of 1,009,657 was observed on 14 July 2023<br><br>View metric:<a href="https://t.co/s7tx1xxyz3" target="_blank" rel="noopener noreferrer nofollow">https://t.co/s7tx1xxyz3</a> <a href="https://t.co/isi9ZxFlBB" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/isi9ZxFlBB</a></p>— glassnode alerts (@glassnodealerts) <a href="https://twitter.com/glassnodealerts/status/1680159174208942081?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 15, 2023</a> 
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    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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  <p>Furthermore, the amount of hodled or lost BTC has reached a 5-year peak of 7,775,675.766 BTC, reflecting growing confidence among investors holding onto their coins for the long term.&nbsp;</p> 
  <p>Ethereum, on the other hand, indicates positive sentiment as the amount of supply last active between one year to two years ago has hit a 1-month low of 19,992,944.430 ETH, suggesting reduced selling pressure and potential price support.&nbsp;</p> 
  <p>These data show optimism in the crypto markets, as both bitcoin and ethereum demonstrate favorable on-chain metrics.</p> 
  <h2 class="wp-block-heading" id="bitcoin-price-analysis">Bitcoin price analysis</h2> 
  <p>Following Ripple’s triumph, the price of <a href="https://crypto.news/price/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>&nbsp; rose above $31,800 before experiencing a slight pullback to $30,349.</p> 
  <p>At the time of writing, bitcoin has witnessed a slight correction. However, with a market cap of $589.6 billion and a circulating supply of 19 million BTC, the king of cryptocurrencies remains a dominant force.&nbsp;</p> 
  <p>The RSI on the weekly time frame indicates a score of 66.34, indicating a promising outlook.&nbsp;</p> 
  <figure class="wp-block-image size-full"> 
   <img decoding="async" loading="lazy" width="1200" height="1200" src="https://crypto.news/app/uploads/2023/07/A1BTC.jpeg" alt="Bitcoin addresses with over 1 BTC hit ATH as XRP fuels altcoins rally - 3" class="wp-image-14178620"> 
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     BTC price | Source: CoinGecko 
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  </figure> 
  <p>Key support lies at $30,000, and a close below this level could lead to a potential price decline to $26,000. On the other hand, breaking the resistance between $31,000 and $31,500 could open the door for further advancements toward $40,000.</p> 
  <p> You might also like: <a href="https://crypto.news/bitcoin-price-rises-as-investors-turn-to-self-custody/" rel="noopener noreferrer nofollow"> Bitcoin price rises as investors turn to self-custody </a> </p>
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Bitcoin addresses with over 1 BTC hit ATH as XRP fuels altcoins rally

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