XRP traded near $1.26 on June 2, down over 3% in 24 hours and more than 9% in the past month, pressured by weak momentum and bearish technical indicators like RSI near oversold and a bearish MACD. Whale withdrawals from Binance hit their lowest since 2021, signaling cautious large holders and subdued demand. Despite $4.13 million inflows into XRP ETFs, the token remains below resistance at $1.35-$1.45, with analysts noting potential support at $1.10 and deeper accumulation zones between $0.85 and $0.65 if current levels fail. The market awaits stronger buying signals to confirm a recovery.
Ripple has expanded its USD-backed stablecoin RLUSD into Turkey through partnerships with local firms BiLira, Bitexen, and Bitlo. This move targets Turkey's rapidly growing crypto market, driven by inflation and currency volatility pushing demand for...
DonAlt, the trader known for accurately predicting XRP's 700% rally, cautions investors about the current Bitcoin market. He notes Bitcoin remains in a sideways range between $60,000 support and $82,300 resistance, with no major changes expected soon...
Bitcoin dropped over 3.8% to below $70,000, hitting multi-week lows after MicroStrategy sold 32 BTC worth $2.5 million to pay preferred stock dividends, marking its first public bitcoin sale since 2020. This sale, though small relative to MicroStrate...
Ripple has made its USD-backed stablecoin RLUSD available to Turkish institutions through partnerships with BiLira, Bitexen, and Bitlo. This move expands RLUSD's global reach, following its launch in late 2024 and rapid growth to a $1.7 billion marke...
XRP has dropped below the key support level of $1.30 following increased selling pressure in early June, coinciding with Ripple's scheduled escrow unlock releasing 1 billion XRP. This technical breakdown comes amid Bitcoin's fall below $70,000, which...
