Home / Analysis / Crypto / Technical Analysis / QRL Price Jumps 45% After Google Reveals Quantum Computing Can Crack Bitcoin’s Encryption With 500K Qubits
Data shows QRL will likely outperform many cryptos | Credit: Hameem Sarwar
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Key Takeaways
QRL’s crypto price surged 45%, hitting $1.80, in response to heightened “quantum risk.”
This happened as Google Research revealed that Bitcoin could be compromised with just 500,000 physical qubits.
Its trading volume skyrocketed, with the daily chart showing that QRL’s price has breached a key resistance line.
QRL, native to the Quantum Resistant Ledger project, has surged 45%in the last 24 hours.
As a result, the QRL crypto hit $1.49 — its highest level in nearly two months.
Interestingly, the move is not speculative noise. It is the direct market response to one of the most consequential disclosures in the history of cryptographic security.
Here is a rundown of what happened and what it could mean for QRL’s price.
Notably, CCN found out that Ryan Babbush, Director of Research, Quantum Algorithms, and Hartmut Neven, VP of Engineering, Google Quantum AI, authored the piece.
According to the research, the Google whitepaper does not speculate on quantum threats. It quantifies them with unprecedented precision.
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Google researchers show that future quantum computers may break the elliptic curve cryptography that protects cryptocurrency with fewer qubits and gates than previously realised.
However, the specific numbers are alarming.
Google has compiled two quantum circuits implementing Shor’s algorithm for the 256-bit elliptic curve discrete logarithm problem — one using less than 1,200 logical qubits and 90 million Toffoli gates, and one using less than 1,450 logical qubits and 70 million Toffoli gates.
It also estimates that these circuits can be executed on a superconducting qubit quantum computer with fewer than 500,000 physical qubits in a few minutes. That figure — 500,000 physical qubits — represents approximately a 20-fold reduction from previous estimates of the quantum-computing resources required to break the ECDSA encryption used by Bitcoin and Ethereum.
The timeline implication is direct. Google has been developing quantum processors whose physical qubit counts are approaching the thresholds for relevance.
The gap between current quantum hardware and the 500,000-physical-qubit threshold required to break Bitcoin’s encryption has just been confirmed as a matter of engineering progress rather than a theoretical possibility.
QRL Price Breaks Out
Following the development, the QRL crypto price broke out.
On the 4-hour chart, while the altcoin has pulled back, the structural picture has shifted dramatically in the bulls’ favour.
The setup was being built quietly. A descending channel formed from March 16, with the price steadily grinding from $1.587 down to lows near $1.10.
That channel compressed QRL’s price for nearly two weeks, with both EMAs pressing down on every recovery attempt.
Today, an explosive candle broke the channel entirely, sending QRL’s price to $1.80.
That long upper wick indicates sellers aggressively defended the $1.59 resistance level. However, the breakout candle’s significance lies not in where it closed, but in what it confirmed.
Furthermore, the QRL crypto has broken above both the 20 EMA at $1.209 and the 50 EMA at $1.239, flipping both from resistance to support.
Besides that, the Bull Bear Power (BBP) reading of 0.768 is the most compelling confirmation. It’s the highest BBP print on the entire chart, signaling that buyers overwhelmed sellers with rare intensity.
Therefore, the immediate priority is holding $1.40 as support on any retracement. Above that, a retest of $1.587 is the next logical target.
Volume Backs the Trend
Outside of that, the trading volume supports the thesis.
As shown from the Santiment chart below, QRL’s price breakout was backed by high participation levels.
For context, the largest prior volume spike on this chart occurred around March 25, reaching approximately 190,000. That elevated activity coincided with a brief price bump that ultimately failed
Then came March 31. Volume exploded to 231,000.
Critically, this surge arrived after eight days of steadily declining volume from March 26 to March 30, during which the price drifted quietly near $1.10.
The contrast with the March 25 spike is equally important. That earlier burst lacked follow-through because the price remained trapped within the descending channel.
This time, the volume surge coincided with a channel breakout, meaning buyers weren’t just active, they were winning.
Furthermore, the volume didn’t dissipate immediately after the spike. Current volume remains elevated at 225,000, suggesting sustained interest rather than a one-candle wonder.
If this trend persists, the QRL crypto price will likely keep rising.
QRL Price Prediction: New Highs on the Horizon?
Looking at the daily chart, from its January peak, QRL’s price endured a brutal 66.20% decline.
During that period, every rally attempt failed at the channel’s upper boundary.
The Parabolic SAR continued to press down, confirming the bearish trend remained intact until today.
Today’s candle has broken above the channel’s upper trendline. Furthermore, the Parabolic SAR has flipped to $1, which is below the current price, while officially confirming a daily trend reversal.
The Fibonacci map now clearly defines the recovery roadmap. In addition, the QRL crypto price has already cleared the 0.236 level at $1.21 and is pressing toward the 0.382 level at $1.66.
Beyond that, the 0.5 level at $2.021 and the 0.618 level at $2.382 represent progressively stronger resistance checkpoints.
The MFI at 36.42 is the one cautionary note. Despite today’s explosive move, money flow remains below the 50 neutral line, suggesting capital hasn’t fully flooded back yet.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
