RLUSD surged by 200 million USD in a single day, DOGE surprisingly broke through 0.24 USD, and ETH remains in a deadly calm before 5,000 USD.

On September 11, the cryptocurrency market showed strong recovery momentum, breaking through the Bear Market low and releasing signals of the return of long positions. The volume of Ripple stablecoin RLUSD surged to 200 million USD in a single day, attracting market attention to the flow of funds; DOGE unexpectedly broke through 0.24 USD, shattering bearish expectations; while Ethereum (ETH) remained unusually calm around 4,300 USD, possibly the last calm before the storm.

RLUSD daily volume surged to 200 million USD

Ripple's USD-pegged stablecoin RLUSD saw its trading volume surge to $200 million in the past 24 hours, breaking its usual low-key and stable image.

Analysis suggests that this wave of capital inflow may come from institutional investors who, driven by hedging needs, are shifting funds from high-volatility assets (such as BTC, ETH) to stablecoins; at the same time, Ripple's ongoing advancements in the cross-border payment and settlement sector may also indicate that payment channels are accelerating.

If the volume continues to rise, the adoption rate of RLUSD on exchanges and payment platforms is expected to further increase, strengthening its position as a reliable trading pair.

DOGE breaks through 0.24 USD, technical outlook turns bullish

The long-silent DOGE unexpectedly broke through $0.24 this week, catching the market off guard. Technical indicators show that DOGE has long held the support area of $0.21–$0.22 and rebounded under the support of the 100-day and 200-day moving averages, with a slight increase in volume.

The RSI indicator is close to 59, indicating that bullish pressure is strengthening but has not yet reached overbought levels, suggesting that there is still room for upward movement. If the price stabilizes above 0.24 USD, the next resistance range is at 0.27–0.28 USD, and a breakthrough is expected to challenge the psychological level of 0.30 USD.

It is worth noting that this round of increase is more due to technical structure and capital accumulation, rather than short-term speculation, which may establish a more robust medium to long-term investment image for DOGE.

Ethereum falls into "deadly calm," with $5,000 or close at hand

ETH is currently consolidating around $4,300, with volatility falling to historic lows and volume continuing to shrink. This "silence" is often a precursor to significant market movement.

From a technical perspective, the ETH price is still above the 50-day moving average, with the RSI at a neutral 51, retaining ample room for upward movement. If it breaks through $4,500, it is expected to trigger a short squeeze, pushing the price directly towards $5,000; conversely, if it falls below support, it could retest $4,100 or even $3,800.

Due to insufficient market liquidity, any sudden influx or outflow of funds in any direction may trigger severe volatility. For long positions, this period of calm feels more like a warning than a safety signal.

Overall Market Outlook: Cautiously Optimistic

The current market atmosphere leans towards cautious optimism, as the recovery of Bitcoin and mainstream coins has driven some capital towards small and medium-sized assets. However, the continuous increase in stablecoin volume may also suggest that some funds are choosing to wait and see, anticipating the next clear trend.

If the capital inflow of RLUSD coincides with the technical breakthroughs of DOGE and ETH, the market may usher in a wave of cross-sector long positions.

Conclusion

The surge in RLUSD's funds, the unexpected breakout of DOGE, and the low volatility consolidation of ETH collectively constitute the three key signals in the current crypto market. Investors should closely follow the subsequent trends of these assets, as they may indicate the breakout point for the next market cycle.