Bitget Analyst Warns of Bitcoin Resistance at $95K as XRP, Ether Slide

Cryptocurrency markets experienced a pullback on April 28, 2025, with Bitcoin struggling to maintain its position above $93,000 while XRP, Ether, and SOL each declined over 2%. Dogecoin led the downturn with a 5% drop. Bitget’s Ryan Lee highlights key resistance levels for Bitcoin and potential downside risks if ETF inflows weaken.

XRP and Bitcoin Face Resistance Amid Market Pullback

Crypto markets retreated Thursday as traders cashed in profits following a recent rally. Bitcoin clung to the $93,000 level while XRP, Ether, and SOL each slid over 2%. Dogecoin led the decline with a 5% drop, as XRP traded at $2.16—down 4% on the day.

Bitget’s Ryan Lee notes Bitcoin faces stiff resistance near $91,275, warning of a potential retreat to $85,000-$90,000 if ETF inflows stagnate or the $95,000 ceiling holds. market participants are scrutinizing macroeconomic signals and liquidity conditions for directional cues.

XRP’s breach of the $2.24 resistance level—a key Fibonacci retracement threshold—initially signaled bullish momentum before a minor pullback. Analysts interpret this as a healthy consolidation rather than weakness, with the token’s ability to hold above $2.00 seen as critical for sustaining its uptrend.

Bitget Pursues Legal Action Over $20M VOXEL Exploit

Bitget has initiated legal proceedings following the discovery of a coordinated trading exploit involving the VOXEL token. The incident, which occurred on April 20, resulted in losses exceeding $20 million for the exchange. A group of eight users allegedly manipulated a system flaw, causing VOXEL’s price to surge over 200% and temporarily eclipsing Bitcoin’s trading volume on the platform with $13 billion in daily activity.

The exchange has frozen suspicious accounts and reversed transactions tied to the exploit. Bitget plans to redistribute recovered funds to affected users through an airdrop, while maintaining normal operations for legitimate VOXEL traders. The case highlights ongoing vulnerabilities in crypto markets, where sophisticated actors can leverage technical glitches for disproportionate gains.