CryptoQuant’s on-chain analytics reveal that short-term Bitcoin holders have offloaded approximately 15,000 BTC at a loss this week, signaling increased downward pressure on BTC prices. Data indicates that on Monday
The post XRP Price Won’t Dip Below $2, Here’s Why appeared first on Coinpedia Fintech News Crypto prices are down today due to the rising tensions in the Middle East. XRP fell to $2.16, while Cardano (ADA) and Solana (SOL) dropped over 1%. Ethereum (ETH) also dipped 0.7%, giving up its recent gains. XRP is trading around $2.159, down 0.3% today, after failing to hold above the $2.30 resistance zone. After a rally to $2.35, sellers regained control, and pushing the price back toward $2.11. Earlier, XRP had surged above $2.40, exciting traders and fueling hopes of a breakout. But the rally didn’t last. The price fell back near $2.15, turning what looked like a bullish breakout into a fakeout. The brief spike was driven by whale activity, hopes of an SEC settlement, and strong sentiment, but the momentum faded soon. XRP Stuck in a Tight Range, Will It Revisit Lower Levels? Now, XRP is stuck in a narrow range between $2.00 and $2.50. Analysts say a breakout above $2.50 could target $3.50, but if the price drops, it could fall to $1.85 or even lower. Technical indicators like MACD are showing selling pressure. XRP is forming a symmetrical triangle, which often precedes a major move, up or down. To regain momentum, XRP must reclaim $2.206 and break through resistance around $2.18–$2.21. A successful push above $2.236 could open the way to $2.35 and beyond. But if it slips below $2.113, XRP could revisit support levels at $2.02, $1.92, and even $1.83. Over the past month, XRP has traded between $2.05 and $2.40. Several analysts say the current setup resembles the 2017 price action, which led to a massive breakout to all-time highs. XRP’s 2017 Setup Repeating? XRP has been consolidating between $1.90 and $2.90 for nearly 200 days. Analysts like see similarities to the 2017 triangle pattern that led to a 1,300% rally. With an even longer consolidation this time, a similar rally from the $0.63 breakout zone could push XRP to $8–$10. $XRP I HAVE SEEN THIS MOVIE BEFORE 2017 UPCOMING RALLY VIBES pic.twitter.com/5joFCPyViK — Mikybull Crypto (@MikybullCrypto) June 16, 2025 Analyst Dark Defender believes XRP is nearing a crucial breakout point. Patterns like the cup formation, trendline squeezes, and Fibonacci levels are aligning. Tightening moving averages also suggest a big move is coming. His short-term targets are $2.22 and $3.61, with support at $2.07.
Momentum Shifts as Bitcoin Pauses After months of dominating headlines, Bitcoin has entered a slower consolidation phase. As a result, traders are redirecting their focus toward altcoins with clearer upside potential. While well-known assets like Polygon, Chainlink, Polkadot, and Uniswap await fresh catalysts, a new contender — MAGACOIN FINANCE — is drawing investor attention with a sharp surge in interest and a uniquely structured approach. MAGACOIN FINANCE Captures Attention With Structural Strength MAGACOIN FINANCE is increasingly being seen as a serious player in the altcoin space. This is not just another meme-driven surge — it’s a result of credible fundamentals and calculated tokenomics. With a total token supply permanently capped at 170 billion and staking now live, the project has transitioned from hype to high-conviction territory. What’s making analysts take notice is how investor behavior has shifted: On-chain data shows more accumulation than churn Wallet growth is steady without major sell pressure Audited smart contract from HashEx adds confidence No VC manipulation or centralized control Even more compelling, traders now have access to a limited-time bonus under the promo PATRIOTS100X , giving them a strategic edge ahead of broader market discovery. The project’s setup aligns perfectly with what seasoned investors look for — scarcity, utility, and early participation. Polygon (MATIC) Waits for a Technical Catalyst Polygon (MATIC) remains a respected name in scaling solutions, but its market activity has quieted. Despite strong technology and enterprise collaborations, MATIC’s price has struggled to ignite due to lackluster trading volume. Developers continue to build within the Polygon ecosystem, yet short-term traders are increasingly seeking more dynamic assets as MATIC lingers below key resistance levels. Chainlink (LINK) Maintains Stability but Lacks Spark Chainlink (LINK) continues to provide essential oracle services for the blockchain industry. However, LINK’s movement has been largely sideways, with few spikes in volatility to attract high-frequency traders. While it remains a long-term infrastructure play, LINK hasn’t captured breakout momentum — leading some investors to explore more active, high-reward altcoin opportunities. Polkadot (DOT) Focuses on Ecosystem Growth Polkadot (DOT) is progressing steadily, especially with its parachain rollout and multichain interoperability focus. But from a trading standpoint, DOT is currently in a holding pattern. Although fundamentally sound, the token has not seen sharp price movements in recent weeks, and investors are watching to see whether developer traction can translate into renewed market energy. Uniswap (UNI) Navigates Governance Challenges Uniswap (UNI) remains a top decentralized exchange by volume, but its token hasn’t gained much ground. Recent governance proposals and fee debates have added complexity to its investment appeal. While UNI has long-term value due to the protocol’s usage, traders seeking quick upside are looking elsewhere until a new catalyst emerges. Final Thoughts As Bitcoin cools and coins like MATIC, LINK, DOT, and UNI search for renewed traction, MAGACOINFINANCE is moving in the opposite direction — upward. With a locked supply, live staking, and mounting investor confidence, it’s quickly becoming one of the most watched assets of the month. For more information about MAGACOIN FINANCE, please visit: Website: https://magacoinfinance.com Exclusive Access: https://magacoinfinance.com/buy-maga Continue Reading: As Bitcoin Cools Off, Investors Are Focusing on MAGACOINFINANCE’s Rapid Rise
Ripple is pushing the UK to ignite crypto leadership with four bold regulatory moves set to spark explosive innovation, massive investment, and unstoppable blockchain-driven financial dominance. New Recommendations Set Stage for UK’s Explosive Crypto Power Shift Ripple revealed on June 18 that momentum is accelerating in the United Kingdom’s effort to define its crypto-asset regulatory
Lion Group Holding aims to establish a $600 million Crypto Treasury centered around HYPE token. The initiative highlights growing interest in cryptocurrencies beyond traditional Bitcoins. Continue Reading: Global Impact: Lion Group Launches Massive Crypto Project The post Global Impact: Lion Group Launches Massive Crypto Project appeared first on COINTURK NEWS .
Bitcoin price started a fresh decline below the $106,000 zone. BTC is now consolidating and might soon aim for a fresh increase above the $105,500 zone. Bitcoin started a fresh decline below the $106,000 zone. The price is trading below $105,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $104,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $103,500 zone. Bitcoin Price Faces Resistance Bitcoin price started a fresh decline below the $107,500 zone. BTC gained pace and dipped below the $106,200 and $106,000 levels. There was a clear move below the $105,000 support level. Finally, the price tested the $103,500 zone. A low was formed at $103,400 and the price started a consolidation phase. It climbed above the 23.6% Fib retracement level of the downward move from the $108,925 swing high to the $103,400 low. However, the bears were active below the $105,000 zone. Bitcoin is now trading below $105,000 and the 100 hourly Simple moving average . There is also a key bearish trend line forming with resistance at $104,850 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $105,000 level. The first key resistance is near the $105,500 level. The next key resistance could be $106,150. It is near the 50% Fib retracement level of the downward move from the $108,925 swing high to the $103,400 low. A close above the $106,150 resistance might send the price further higher. In the stated case, the price could rise and test the $108,000 resistance level. Any more gains might send the price toward the $108,800 level. Another Drop In BTC? If Bitcoin fails to rise above the $105,000 resistance zone, it could start another decline. Immediate support is near the $104,150 level. The first major support is near the $103,500 level. The next support is now near the $102,500 zone. Any more losses might send the price toward the $101,200 support in the near term. The main support sits at $100,000, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $104,150, followed by $103,500. Major Resistance Levels – $105,000 and $106,200.
Italy has launched a stinging attack on the EU’s fiscal rules, describing them as “old and outdated,” arguing they are unfair at a time when countries feel compelled to spend more on defense. On Thursday, Italy’s economy minister , Giancarlo Giorgetti, called the bloc’s current budget system “stupid and senseless” and said it needed to be overhauled to give member states more leeway to boost military spending without fear of financial penalties. Those comments came as the eurozone finance ministers assembled in a critical meeting in Luxembourg, where the bloc is fighting over whether to maintain a balanced budget or step up its investment in Europe’s security while being urged to ease its focus on fiscal discipline. Most recently, the European Commission has debuted new clauses permitting greater leeway in the bloc’s fiscal rules, or the Stability and Growth Pact. The goal is to allow governments to expand defense spending in the face of growing security threats, particularly from Russia. Members would agree to be permitted to increase their defense budgets by 1.5% of GDP annually over four years. This holds even if their national budget deficits break the EU’s longstanding 3% of GDP limit, which usually prompts correction. However, this new leeway would only be relevant for countries not already under EU disciplinary procedures over debt. It would leave out Italy, the country now receiving all the attention. “It is essential to find ways to bring these rules up to date with the crisis we are experiencing so that they do not seem stupid and senseless,” the minister said in a statement issued by his staff on the sidelines of a meeting with Eurozone peers in Luxembourg. He insisted that Italy was being punished for its past deficits, even as it tried to play its part in Europe’s collective defense. Rome resists a flexibility clause to protect its financial reputation Italy has pledged to reduce its budget deficit from 3.4% of GDP in 2024 to 2.8% by 2026. Embracing the EU’s new defense spending flexibility might support NATO efforts, but would make it impossible for Italy to achieve that fiscal goal. Two of the Italian government’s most senior figures seconded his concerns, and they also said that Rome wanted to avoid taking any measures that could put its relationship with the financial markets under pressure. Investors have noticed Italy’s policing of its budget, and credit rating upgrades in recent months have reflected that progress. In May, Moody’s upgraded Italy’s credit outlook to “positive.” That came just after S&P Global raised the country’s credit rating to “BBB+” from “BBB,” a show of confidence in Italy’s economic management. Giorgetti cautioned that applying different criteria to different countries risked dividing the EU at a time when it needed to come together. Italy pushes EU to fund defense through joint debt Giorgetti said it was more necessary than ever to have a common financial capacity to address Europe’s growing defense needs. He added that Italy wanted the European Union to borrow jointly to increase military spending, arguing that this approach would share the financial burden across all member states instead of placing excessive pressure on individual national budgets. However, such a plan would require the approval of other EU nations, which is a prospect that looks uncertain. Fiscally conservative countries such as Germany and the Netherlands have long opposed the idea of mutualized EU debt and argued that each country should be responsible for its finances. For countries like Italy, it has become a fiscal juggling exercise between meeting NATO accession commitments, respecting EU budget rules, and keeping financial markets on the side. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Dogecoin’s daily chart, published by the pseudonymous trader Cantonese Cat on X Wednesday, hints that the meme-coin may be stirring after a months-long down-draft. At 02:26 UTC the TradingView snapshot captured DOGE changing hands at $0.16979, fractionally lower on the session, while the 14-period relative-strength index sat at 35.72, just north of classical oversold territory. Dogecoin Prints Bullish Divergence The most striking feature of the graphic is a sequence of regular bullish divergences—price sets progressively lower lows even as the RSI traces higher troughs. Cantonese Cat illustrates three such inflection points: the first in August 2024, the second in March and April 2025 and the latest in mid-June. Historically, the first signal preceded the parabolic autumn rally that vaulted DOGE from the high-$0.05 area to an intraday peak just shy of $0.23, a nearly 300% advance. The March divergence ushered in a 100 percent rebound back to the $0.26 zone, a former support now acting as overhead resistance. Related Reading: Dogecoin Looks Like ‘It Wants To Play Dead’—Again “DOGE daily – Bullish divergence with RSI,” Cantonese Cat wrote in his post, letting the annotated arrows speak louder than prose. A schematic inserted on the right-hand side of the chart underlines the textbook definition: in the highlighted quadrant, price slopes downward while momentum slopes upward, a configuration often interpreted as buyers quietly absorbing supply. Descending Channel And Key Support Line The current structural context lends weight to the signal. Since topping out in November above $0.48, price is retracing inside a descending channel. Within that broader channel, Dogecoin is now retesting a former down-sloping resistance line—which provided stiff resistance throughout March and April this year—that it finally broke in early May and is now acting as crucial support near $0.163. Just below this back-test sits the multi-year ascending trendline which now sits close to $0.142. Should both of those levels falter, the true lower boundary of the descending channel waits a fraction lower around $0.139, giving bulls only a narrow buffer of roughly three cents to defend. Related Reading: Dogecoin Price Enters ‘Alarm Zone,’ Major Move Coming? From a Fibonacci perspective, the 0.786 retracement at $0.1826—coupled with the 20- and 50-day exponential moving averages as well as the channel midline at $0.172—forms the first ceiling that must be cleared to shift near-term momentum. A breakout above that area would expose the 0.618 level at $0.247 and the 100-day EMA. Successive hurdles then stack at the 0.5 retracement ($0.292), the 0.382 ($0.338), and the 0.236 ($0.3939), each corresponding to prior congestion zones during the winter advance. Volume has begun to taper as price approaches support, while the 14-period RSI remains anchored in the mid-30s—still technically oversold, but showing a slight uptick that mirrors the bullish divergence Cantonese Cat flagged. For bears, a decisive daily close beneath the multi-year trendline would invalidate that divergence setup and likely drive DOGE toward the horizontal liquidity band between $0.135 and $0.13, with a final capitulation target around $0.10—site of last October’s base. Featured image created with DALL.E, chart from TradingView.com
A dormant Ethereum whale wakes up to stake 7,182 ETH worth $18.08 million
According to a recent Kitco News interview, Salinas Ricardo Pliego, founder and chairman of Grupo Salinas and Mexico’s third‑richest man , has stepped up his Bitcoin buying. Bitcoin trades at $104,900, down over 6% from its all‑time high of $112,000. Pliego isn’t fazed by the drop. He’s loading up while others hesitate. Pliego Ups Bitcoin Exposure He already holds about 70% of his portfolio in Bitcoin. Based on reports, he boosted that share again last week. He didn’t share exact figures, but called it a “considerable increment.” He isn’t waiting for the perfect price. He just wants more coins in his wallet before what’s next. Market Dip Seen As Buying Chance Bitcoin’s slide came after Middle East tensions rattled markets. Yet Pliego says his moves aren’t tied to war news. He sees every dip as a chance to buy. Other big players are doing the same. That trend leaves fewer coins moving between wallets and exchanges. On‑chain data shows wallet balances for the largest holders climbing even as prices slip. Inflation Hedge Arguments Pliego has warned that fiat currency loses value over time. He pointed out that the US dollar lost about 90% of its purchasing power over the past 40 years. He echoed Strategy’s Michael Saylor when he called Bitcoin a shield against money printing. Pliego even wrote a book, “The Bitcoin Enlightenment,” where he argued that the crypto marks the end of fiat. Long‑Term Outlook Remains Strong The tycoon admits Bitcoin can swing wildly when big economic news hits. He said holders should look past daily charts. “Focus on where this thing is going,” he told Kitco News. He isn’t alone. Coinbase CEO Brian Armstrong thinks nations will hold more digital assets than gold down the road. That idea gives Pliego plenty of confidence. Betting Big On Crypto Pliego has hinted he may go all in one day. That would put every peso he owns into crypto. It’s a bold plan. It’s also a risky one, given the crypto asset’s history of 5-10% moves in a day. Still, his voice carries weight. When a billionaire piles in, others pay attention. Salinas Ricardo Pliego is betting big on Bitcoin’s future. He’s buying at $104,701, even after a 6% pullback. He sees Bitcoin as a way to dodge inflation and come out ahead. For now, he’s stacking sats and urging everyone else to get on board. If his bet pays off, early buyers could reap huge gains. If not, they could face steep losses. Either way, Pliego’s moves show that confidence in Bitcoin remains strong among the richest investors. Featured image from Unsplash, chart from TradingView