- Toncoin is holding a crucial macro support zone after a prolonged correction.
- XRP’s large wallet transfers appear internal, with no immediate price impact.
- Both assets show early signs of stabilization, but confirmation is still needed.
Toncoin (TON) and XRP are sending cautious but notable signals this week, offering traders a glimpse into two very different phases of market behavior. While TON is testing long-term support after an extended correction, XRP appears to be stabilizing following a large but largely internal wallet movement that briefly caught the market’s attention.
Toncoin Defends Macro Support After Long Correction
Toncoin is trading near a critical weekly support zone after a prolonged pullback from its 2024 peak. For long-term holders, this area matters. Since mid-2022, TON has consistently formed higher lows along a rising macro trendline, reflecting steady accumulation rather than speculative excess.
That structure was disrupted in 2024 when the token broke out above long-standing resistance and rallied sharply, only to enter a deep corrective phase. Throughout 2024 and 2025, price action was contained within a descending channel, marked by lower highs and repeated tests of support.
Recent moves suggest that selling pressure may be exhausting. Liquidity sweeps below the channel floor around the $1.70–$1.80 range look more like capitulation than renewed weakness. As long as TON remains above the $1.40 area, analysts argue that the broader bullish structure remains intact.
Resistance Still Caps TON’s Short-Term Upside
Despite the bounce, the daily chart urges caution. TON is trading around $1.73, still below all major exponential moving averages. A dense EMA resistance band between $1.73 and $1.93 stands in the way of any sustained recovery, while the 200-day EMA near $2.37 reinforces the longer-term bearish pressure.
Momentum indicators echo this mixed setup. The RSI has recovered to the low-50s, signaling reduced selling pressure but not strong buying conviction. MACD has flattened near neutral, and Bull Bear Power remains slightly negative, suggesting consolidation rather than a confirmed reversal.
XRP Whale Transfers Spark Curiosity, Not Panic
Meanwhile, XRP grabbed headlines after 73 million tokens—worth roughly $151 million—were shuffled between five unknown wallets within an hour. Despite the eye-catching size, the total balance remained unchanged, pointing to internal routing rather than distribution.
Market reaction was muted. XRP held steady near $2.07, reinforcing the view that this was likely an exchange or custodian adjusting liquidity, not a sign of imminent selling.
On the chart, XRP looks calmer than it has in months. After a long corrective phase and a full leverage reset, volatility has cooled. RSI has climbed back into neutral-to-bullish territory, and downside attempts are losing intensity.
While major resistance levels still loom, the shift in behavior is notable. Selling pressure has eased, and demand appears to be returning gradually. If volume confirms and key levels give way, XRP could be setting up for more than just a short-lived bounce.
Also Read: XRP Slides as Bitcoin Stays Flat — But Derivatives Signal Trouble Ahead
TON and XRP are not in breakout mode yet, but both are showing signs of structural change. Toncoin is fighting to turn long-term support into a base for re-accumulation, while XRP appears to be quietly rebuilding strength after months of stagnation. For now, patience remains the dominant strategy—but the groundwork for larger moves may already be forming.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. CoinBrief.io is not responsible for any financial losses.
