XRP price is attempting a recovery wave from the $0.4865 support. The price could gain bullish momentum if it clears the $0.5120 resistance.XRP remained stable and started a recovery wave above $0.500.
The price is now trading above $0.5050 and the 100-hourly Simple Moving Average.
There was a break above a major bearish trend line with resistance at $0.5025 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could start a decent increase if there is a close above the $0.
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-
Can XRP Price Maintain Momentum? Key Levels to Watch in the Short Term
via newsbtc.com -
Bitcoin return to $71K would wipe $1.38B shorts
If Bitcoin returns to the price it has been hovering around for the previous two days before the slight dip, it would wipe a considerable amount of short positions. -
BTC price settles at $69K after dip wipes $1.3B Bitcoin open interest
Bitcoin lingers lower following a "doubly strange" U.S. trading session, with BTC price support in question. -
Binance Coin (BNB) Breaks New Ground With All-Time High Of Nearly $720
via newsbtc.comBinance Coin (BNB), the native token of the world’s largest cryptocurrency exchange Binance, has been on a tear in recent weeks. After breaking free from a period of consolidation, BNB skyrocketed to a new all-time high of $717 on Friday. Despite a minor correction, the coin remains firmly in bullish territory, with analysts predicting further potential for growth.Surge In Demand Fuels Rally
Before its recent climb, BNB had been trading within a sideways range, a pattern commonly observed -
Donald Trump doubles down on crypto support at fundraiser event — Report
Donald Trump reportedly announced his goal to be the "crypto president" at the event, where he raised $12 million. -
Chainlink Chain Reaction: Analyst Sets Sights On $33 Target
via newsbtc.comChainlink (LINK), the oracle network powering decentralized applications (dApps), has been making waves in the crypto market. After a successful surge, the digital asset is now setting its sights on even higher ground, with analysts predicting a bullish run and price targets as high as $33.
At the time of writing, LINK was trading at $16.27, down 6.4% and 11.0% in the daily and weekly timeframes, data from Coingecko shows.Support Levels And Re-accumulation Signal Bullish Trend
LINK’s recen -
Is A Bitcoin Crash Below $50,000 Still Possible? Crypto Analyst Shares The Possibilities
via newsbtc.comThe Bitcoin price has stalled after hitting the $71,000 level, floating in what is essentially a limbo of indecisiveness. Naturally, periods like these act as a predecessor to a massive move, but what direction the price might be headed in is another thing entirely. In an effort to pinpoint where Bitcoin is going, crypto analyst Alan Santana has analyzed the Bitcoin chart and come up with a possible direction.
Bitcoin Could Be Headed Downward
Alan Santana’s analysis looks at the Bitcoin pe -
Crypto market tumble seen as quick shakeout, traders expect 'bullish' rebound
Cryptocurrency traders believe that the recent market downturn is just a "shakeout" and there is a"bullish continuation" on the horizon. -
Bitcoin & Ethereum On “Path To Acceleration,” CryptoQuant Explains Why
via newsbtc.comThe on-chain analytics firm CryptoQuant has explained why Bitcoin and Ethereum have recently appeared to be on a path towards acceleration.
Bitcoin & Ethereum Are Looking Bullish In On-Chain Metrics
In a new thread on X, the official CryptoQuant handle discussed how some important on-chain indicators are looking for Bitcoin and Ethereum right now.The first two metrics of interest here keep track of the demand from the permanent holders and the whales. First, here are the relevant charts for -
Bitcoin’s Stubborn Stand Below $100K: What’s Holding It Back?
via newsbtc.comBitcoin continues to be the market leader. However, despite significant developments, such as the introduction of spot Bitcoin Exchange-Traded Funds (ETFs), the anticipated price surge to $100,000 remains ‘unrealized.’
Charles Edwards, founder of Capriole Investments, commented on this and took to Elon Musk’s social media platform X to explain the hurdles preventing Bitcoin from achieving this milestone.Examining Bitcoin’s Stagnation Below $100k
According to Edwards, one -
New York Stock Exchange-backed Bakkt considers sale — Report
Insiders, who spoke to Bloomberg, say a breakup of the company, a sale, or the decision to maintain its current structure are all on the table. -
Is BRETT The New Meme Coin King? Token Surges 300% And Nears $2 Billion Market Cap
via newsbtc.comAs the overall sentiment in the crypto market veers towards bullishness, leading cryptos have regained their previously lost levels and ignited further interest in meme coins. Brett (BRETT) has emerged as the standout performer, experiencing a 400% gain in the past 30 days alone.
Having launched just three months ago, BRETT now boasts a market cap of $1.7 billion, positioning itself as the top gainer in the top 100 spot of the market.
The Largest Meme Coin On The Base Network
BRETT is a me -
GameStop-Inspired Solana Meme Coin Soars Over 80% as Roaring Kitty Flashes $586M Worth of GME Position
via coindesk.comShares of GameStop closed the Thursday session 47% higher as the retail trading fame provided an update of his position and announced a livestream for Friday. -
Craig Wright Should Pay Plaintiffs' Legal Bill After Found Posing as Satoshi, COPA Says
via coindesk.comThe COPA vs Craig Wright trial made a resurgence on Friday to determine what costs and penalties Wright might suffer. -
Impact of shifting SEC policy on ETH ‘yet to be seen’ — Consensys SC
Bill Hughes, Consensys’ senior counsel and director of global regulatory matters, spoke to Cointelegraph at Consensus 2024 in Texas on the status of its lawsuit against the SEC. -
Crypto Biz: ARK drops bid for spot Ether ETF, miners adapt after halving, and more
This week’s Crypto Biz explores ARK Invest’s partnership with 21Shares, Galaxy Digital’s tokenized loan for Animoca Brands, Avail’s fundraising, the Toposware acquisition, and Bitcoin miners’ first reports since the halving. -
Celebrity Memecoins: Iggy Azalea And Hulk Hogan Beef Before $17 Million Rug Pull
via newsbtc.comCelebrity memecoins have been the talk of the town for the past two weeks. A trend that resurged at the end of May quickly became one of the biggest narratives around the crypto community.The industry has seen controversies, rug pulls, and Vitalik Buterin’s thoughts on the celebrity token frenzy. In the phenomenon’s most recent development, WWE wrestler Hulk Hogan beefed with Australian rapper Iggy Azalea.
Celebrity Memecoins A Week Later
Despite the trend starting around May 20 with -
GameStop's Roaring Kitty posts first livestream in 3 years— price reacts
The meme trader revealed that he was down $235 million and held call options on 12 million GameStop shares in his YouTube livestream, dated June 7. -
Inverted Hammer Appears On The XRP Price Chart, Crypto Analyst Picks First Target Of $0.75
via newsbtc.comCrypto analyst Egrag Crypto has revealed a bullish pattern that recently formed on the XRP price chart. The analyst also revealed how high the crypto token could rise once it makes this move to the upside.
Inverted Hammer Forms On The Chart
Egrag highlighted an Inverted hammer that had formed on XRP’s chart while noting how bullish this was for the crypto token. He claimed that last month’s candle formation showed a 75% Inverted Hammer at the bottom, which is “super -
COPA Seeks Payment of 85% Of Costs in Craig Wright Case
via coindesk.comThe COPA vs Craig Wright trial made a resurgence on Friday to determine what costs and penalties Wright might suffer. -
New York AG Pushes Back Against DCG, Silbert’s Motion to Dismiss Fraud Case
via coindesk.comNew York Attorney General Letitia James is not backing down from her lawsuit against Digital Currency Group, its founder and CEO Barry Silbert, and Soichiro “Michael” Moro, the former CEO of DCG’s wholly-owned crypto trading arm, Genesis. -
Ethereum governance, and the downfall of celeb tokens: Finance Redefined
The rise and fall of celebrity meme tokens: how these celebrity-backed tokens have dumped in the current bull market. -
Big Friday Crypto Selloff Pulls Bitcoin Below $70K
via coindesk.comIdeas about lower U.S. interest rates were foiled again and a plunge in shares of speculative favorite GameStop soured the mood in crypto. -
Bitcoin Investors Beware: Extreme Greed Has Returned In Crypto
via newsbtc.comData shows that cryptocurrency investors’ sentiment has surged to extreme greed recently, a sign that may not be ideal for Bitcoin.
Bitcoin Fear & Greed Index Is In The Extreme Greed Territory Right Now
The “Fear & Greed Index” is an indicator created by Alternative that keeps track of the average sentiment present among the traders in the Bitcoin and wider cryptocurrency market.
The index represents this sentiment as a number between zero and 100. To calculate the scor -
Are Bitcoin traders losing hope? Top traders' metric hits two-week low
Bitcoin derivatives markets show less appetite for bullish positions. Is BTC price at risk? -
Are Bitcoin traders losing hope? Top traders’ metric hits two-week low
Bitcoin derivatives markets show less appetite for bullish positions. Is BTC price at risk? -
Rune Christensen Explains Why He Wants to Remake Maker and Kill DAI
via coindesk.comThe MakerDAO creator discusses the motivation behind the ambitious Endgame proposal in a wide-ranging interview. -
Bitcoin network transaction fees temporarily soar to nearly $52
The network is currently experiencing temporary congestion due to over 300,000 unconfirmed transactions waiting to be processed on Friday morning. -
Bitcoin ETFs Witness 18 Straight Days Of Inflows, Options Traders Eye $100,000
via newsbtc.comUS spot Bitcoin ETFs have experienced a noteworthy streak of net inflows for 18 consecutive days, contributing to the upward momentum of the leading cryptocurrency as it inches closer to its all-time high levels set in March.
According to Bloomberg data, these ETFs, managed by some of the world’s largest financial institutions, have attracted net subscriptions of $15.6 billion since their launch on January 11, bringing total assets under management to a substantial $62.3 billion.
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DeFi TVL reaches $192B for first time in 15 months — DappRadar
The value of crypto locked in DeFi increased by 17% due to ETH appreciation and a rise in trading activity.
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