XRP Price Prediction: $1.04 or $1.12 — The Compression Ends Now, Pick Your Side

Galaxy Research, the research arm of crypto investment company Galaxy Digital, has identified 1,196 addresses that lost 1,082.65 Bitcoin, worth approximately $70.2 million, during a 41-minute window related to the Coldcard wallet incident. This analysis significantly expands the initial loss estimates, which had been pegged at 594.48 Bitcoin valued around $38 million.

The Bitcoin movements were traced between 1:10 AM and 1:51 AM UTC on July 30 across blocks 960,183 to 960,191, approximately 30 hours before Coldcard published its first security advisory. The Coldcard incident, Bitcoin security, hardware wallet vulnerability, cryptocurrency theft, Galaxy Digital, blockchain analysis continues to raise concerns about the security of hardware wallets and the need for better communication protocols during security emergencies.

Technical analysis of the CRV token reveals a critical compression scenario, with all short-term moving averages converging at a single point of $0.21. The token is hugging its lower Bollinger Band at $0.2057, indicating that volatility compression has reached its maximum. Smart money is already positioned long, anticipating a significant movement.

This moment of technical indecision is crucial for cryptocurrency investors, as a breakdown or bounce could occur at any moment. The proximity of moving averages and the position at the lower Bollinger Band suggest the market is at a tipping point. Traders should closely monitor the next moves, as the direction chosen by CRV could influence the entire DeFi ecosystem, particularly in the stablecoin segment.

TON (The Open Network) is facing a critical stagnation scenario, with its price stuck at $1.60 as the MACD indicator approaches zero. Technical analysis reveals the token is trading below all significant short-term moving averages, with reduced spot volume exposing an overextended futures positioning structure. Crypto traders are closely watching the critical $1.55 support level, which represents the last line of defense before a potential breakdown.

The combination of weak spot liquidity and excessive futures positions creates a high-volatility environment for TON. Analysts warn that a break below $1.55 could trigger a cascade selling, with potentially profound consequences for the TON ecosystem. Meanwhile, the 7-30 day period becomes crucial to determine whether the token will break resistance or confirm the downtrend, with investors closely monitoring price movements and technical indicators.

Following the $70 million Coldcard wallet exploit, Binance founder Changpeng Zhao has issued an urgent warning to the crypto community, emphasizing that even hardware wallets can contain vulnerabilities and recommending digital asset diversification as a critical security measure.

CZ's recommendation comes at a critical moment for cryptocurrency security, as confidence in physical storage solutions is shaken. The expert suggests users distribute their funds across multiple wallets to mitigate risks, a strategy that may become industry standard following this high-impact security incident.