XRP $3 breakout, HBAR hits four-month high as BTC surge past $123K

Key Points

1. Bitcoin (BTC) broke above $123,000 after a four-day rally, leading to $334 million in short position liquidations, including a trader losing $25.84 million.

2. Hedera (HBAR) surged 25% to $0.253, driven by growth in its DeFi ecosystem, with TVL rising from $151 million to $215 million and DEX volumes reaching $80 million.

3. Hedera was selected for sovereign AI infrastructure partnerships with NVIDIA, Accenture, and SCAN UK, with analysts suggesting a potential repeat of its 2021 performance.

4. XRP climbed to $2.97 but faced resistance near $3, with RSI indicating overbought conditions; its market cap stands at $176 billion, ranking it third among cryptocurrencies.

5. Technical analysis for HBAR identifies resistance levels at $0.2509, $0.2666, and $0.2778, with support at $0.2354 and $0.2187, and year-end forecasts between $0.2483 and $0.4225.