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XRP rallies 10% as US–Iran peace deal boosts risk appetite

Key takeaways

  • Ripple’s XRP is up nearly 11%, making it the second-best performer among the top 10 cryptocurrencies.
  • The coin could extend its rally past the $1.366 resistance level. 

XRP approaches $1.30

Cryptocurrency markets remained broadly higher on Monday, with Bitcoin (BTC) leading gains as it climbed above the $66,000 mark.

The positive momentum extended across major altcoins, with Ethereum (ETH) trading above $1,800 and XRP trading above $1.250. 

The rally comes as investor sentiment improves following reports that the United States and Iran have reached a preliminary peace agreement aimed at ending hostilities in the Middle East.

The easing of geopolitical tensions has encouraged investors to rotate back into risk assets, supporting a broad-based recovery across digital asset markets.

Officials from both countries have confirmed progress toward a peace deal that could significantly reduce tensions in the region.

Iran’s deputy foreign minister stated on state television that the agreement is expected to be formally signed on Friday. Meanwhile, Tehran’s senior military leadership described the development as a major victory.

Although the full details of the agreement have not yet been released, CNN reported that the ceasefire initiated in early April will likely be expanded in both scope and duration, allowing for an additional 60 days of negotiations.

One of the most closely watched aspects of the agreement is the potential reopening of the Strait of Hormuz, a critical global shipping route for oil and energy supplies.

Iran’s National Security Council announced that the U.S. naval blockade would be lifted immediately under the agreement and that military operations would cease across multiple fronts, including the conflict involving Lebanon.

However, geopolitical risks have not entirely disappeared. Reports from Lebanon’s National News Agency indicate that Israel has expanded military operations in southern Lebanon, highlighting that regional tensions remain a factor for global markets.

XRP targets the $1.366 resistance level

The improving geopolitical backdrop has helped strengthen sentiment across the cryptocurrency market.

Evidence of this shift can be seen in the Crypto Fear & Greed Index, which rose to 20 on Monday. While the index remains in the “Extreme Fear” zone, the reading marks a notable improvement from 18 the previous day and just 8 a week earlier.

At press time, XRP is trading at $1.267, up by nearly 11% in the last 24 hours. The token remains trapped beneath several important technical resistance levels, indicating that sellers continue to dominate the larger trend even as momentum indicators begin to stabilize.

Although XRP remains under pressure, some technical signals indicate that downside momentum may be easing.

The Moving Average Convergence Divergence (MACD) histogram has turned slightly positive on the daily chart, hinting at the possibility of a developing recovery.

However, the Relative Strength Index (RSI) has surged to 77, heading into the overbought territory. 

For XRP to build a stronger recovery, buyers must overcome several key resistance zones. The first major resistance is at $1.28, the 50-day EMA.

A surge above this level could see XRP extend its rally towards higher supply zones at $1.38 and $1.59. 

XRP/USD 4H Chart

On the downside, XRP’s first major support level sits near the lower Bollinger Band around $1.03.

Below that, the psychologically important $1.00 level represents a key demand zone that could attract buyers if selling pressure intensifies.

The post XRP rallies 10% as US–Iran peace deal boosts risk appetite appeared first on CoinJournal.

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Bitcoin surges above $66,000 as US–Iran peace deal boosts sentiment

Key takeaways

  • BTC is up 4% and is now trading above the $66,500 level.
  • The rally comes following reports of a preliminary peace agreement between the United States and Iran.

Bitcoin extends recovery following geopolitical breakthrough

Bitcoin (BTC) has surged above $66,600 on Monday after gaining 4% during the previous week, supported by improving global risk sentiment following reports of a preliminary peace agreement between the United States and Iran.

The easing of geopolitical tensions helped lift risk assets across financial markets, providing additional momentum for Bitcoin’s recovery after weeks of heightened uncertainty.

However, despite the rebound in price, institutional demand remains under pressure, with spot Bitcoin exchange-traded funds (ETFs) recording another week of net outflows.

Investor sentiment improved significantly after officials from both countries signaled progress toward a diplomatic resolution.

Iran’s Supreme National Security Council confirmed that Tehran had finalized a Memorandum of Understanding (MoU), stating that military operations across all fronts, including Lebanon, would cease immediately and permanently.

On the U.S. side, President Donald Trump announced via Truth Social that he had authorized the reopening of the Strait of Hormuz and the removal of the U.S. naval blockade.

Further optimism emerged after Pakistan Prime Minister Shehbaz Sharif stated that the finalized agreement is expected to be signed in Switzerland on Friday.

Iranian Deputy Foreign Minister Kazem Gharibabadi also indicated that broader negotiations would continue during a proposed 60-day ceasefire period, with sanctions relief and Iran’s nuclear program expected to be key discussion points.

The developments have reduced fears of a wider regional conflict, encouraging investors to rotate back into higher-risk assets such as cryptocurrencies.

Institutional demand continues to weaken

Despite improving macro sentiment, institutional flows remain a concern for Bitcoin bulls.

Data from SoSoValue shows that U.S. spot Bitcoin ETFs recorded net outflows of approximately $315.84 million last week, marking the fifth consecutive week of withdrawals since mid-May.

The persistent outflow trend suggests that institutional investors remain cautious, even as broader market sentiment improves.

Continued ETF selling could limit Bitcoin’s upside potential and increase the risk of renewed volatility if retail demand fails to offset institutional withdrawals.

Bitcoin’s technical outlook shows improving momentum

The BTC/USD 4-hour chart has flipped bullish as Bitcoin’s short-term momentum has improved, but the broader trend remains challenged.

BTC is currently trading above key support levels after recovering nearly 4% last week. However, the cryptocurrency remains below its major moving averages and a previously broken ascending trendline, indicating that the larger market structure remains bearish.

Momentum indicators are beginning to improve. The Moving Average Convergence Divergence (MACD) has turned positive, while the Relative Strength Index (RSI) has climbed to around 71.

While these signals suggest stabilization, they are not yet strong enough to confirm a full trend reversal.

If the recovery continues, Bitcoin could surge past the 50-day EMA of $70,704 in the near term. A daily candle close above this level could allow BTC to extend its rally towards the $73,412 (100-day EMA) resistance point. 

BTC/USD 4H Chart

However, if the bears regain control, the first major support level sits near $64,004. A break below this area could revive bearish pressure and increase the likelihood of a deeper corrective move despite recent signs of stabilization.

For now, Bitcoin remains caught between improving macro sentiment and weakening institutional participation.

The post Bitcoin surges above $66,000 as US–Iran peace deal boosts sentiment appeared first on CoinJournal.

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Dogecoin price compresses at critical apex zone seen before past rallies

  • The Dogecoin price sits in a tight range after a recent rebound.
  • Analysts note compression near an apex zone seen before past breakouts.
  • Key levels to watch for the next move are the $0.085 support and the $0.092 resistance.

The Dogecoin price is moving within a tight range after several days of mixed momentum, with price action clustering around a level that traders are now watching closely.

At the time of writing, DOGE was priced near $0.0886, moving between an intraday low of $0.0857 and a high of $0.0890.

Notably, the range has narrowed compared to earlier swings, a structure often described by market participants as price compression.

Over the past 24 hours, DOGE has gained about 1.6%, while its short-term trend shows mild strength with a 3.4% increase over the past week.

Despite that, the broader picture remains uneven. The meme coin is still down roughly 20% over the past 30 days and nearly 50% over the past year, reflecting a market that has struggled to sustain longer-term upside momentum.

Dogecoin price tightens near long-standing support band

The current trading structure places Dogecoin price in a narrow band between $0.085 and $0.089, an area that has repeatedly acted as both support and resistance in recent sessions.

Bulls have consistently stepped in near the lower edge of this zone, particularly around $0.0850–$0.0855, preventing deeper breakdowns.

At the same time, upside moves have repeatedly stalled just under $0.089–$0.090, creating a compressed structure where neither buyers nor sellers have gained full control.

This tightening range has led analysts to describe the setup as a potential “apex zone,” where volatility typically contracts before a larger directional move.

The importance of the $0.085 level has been highlighted by several short-term reactions.

Each time the Dogecoin price approached this area, buying pressure returned, pushing DOGE back toward the mid-range near $0.088.

On the upper side, resistance around $0.0905 remains a key level that has not yet been convincingly broken.

The technical structure mirrors past breakout formations

The current setup has drawn comparisons to previous Dogecoin price cycles where prolonged compression preceded sharp expansions.

In earlier market phases, particularly during the 2020–2021 period, DOGE traded in tightening structures before breaking into extended rallies that pushed the memecoin’s price toward its all-time high of $0.7316, reached on May 8, 2021.

A similar pattern is being observed again by technical analysts tracking longer-term formations.

Market analysts note that the Dogecoin price recently rebounded from the $0.0850 zone, briefly moving above $0.0870 and reclaiming short-term momentum indicators such as the 100-hour moving average.

The resistance identified in the current structure includes $0.0920, which has acted as a rejection point in prior moves.

A sustained break above that level would open the path toward $0.0950 and potentially the psychological $0.1000 region, where trading activity typically increases.

On the downside, failure to maintain support at $0.0850 could expose lower levels around $0.0820 and $0.0800, zones that previously acted as consolidation areas during earlier declines.

Another perspective comes from Tardigrade, who describes DOGE as retesting the apex of a long-term triangle formation.

According to Tardigrade, similar compression phases in previous cycles were followed by rapid expansions once the price broke out of the narrowing range.

The current retest suggests that volatility has been steadily declining, a condition often associated with breakout setups rather than trend continuation.

What to watch out for

With DOGE trading near $0.088, the market remains positioned between a well-defined support base and a ceiling that has repeatedly capped upside attempts.

The compressed structure, combined with repeated tests of both boundaries, has created a technical environment where a decisive move is increasingly expected.

The next directional signal is likely to come from a clean break outside the $0.085–$0.092 range.

The post Dogecoin price compresses at critical apex zone seen before past rallies appeared first on CoinJournal.

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Here’s why the Official Trump coin price just jumped 18%

  • Official Trump coin price surges 18%, outperforming the broader crypto market.
  • The rally is driven by Donald Trump’s upcoming birthday on June 14.
  • Key levels to watch include the resistance at $2.20 and the support at $1.80.

The Official Trump coin price has seen a sharp move to the upside, climbing about 18% in 24 hours to $2.02.

The rally has stood out because the broader crypto market gained only about 1.02%, meaning the token significantly outpaced overall market momentum.

Trading activity also picked up significantly, with 24-hour volume surging to roughly $455 million, while futures positioning showed rising interest.

This combination of price expansion and elevated participation has placed the Official Trump memecoin back into active focus among short-term traders.

Why is the Official Trump coin price rising?

The latest surge in the Official Trump coin price is largely being driven by event-based speculation tied to former US President Donald Trump’s upcoming birthday on June 14.

Traders have been accumulating positions in anticipation of possible social media activity or announcements around the date, creating a strong narrative-driven rally.

This type of trading behaviour has historically been common in meme-driven tokens, where sentiment and timing often outweigh fundamentals.

In this case, expectations of increased attention surrounding the birthday event have acted as a short-term catalyst, pushing demand higher across both spot and derivatives markets.

Data from recent trading activity supports this view, with spot trading volume increasing by around 149% within 24 hours, while futures open interest also rose by approximately 18%, showing that leveraged positions are actively being added rather than closed.

This suggests traders are not only buying the asset outright but are also using derivatives to amplify exposure to the ongoing momentum.

Another factor supporting the move is broader speculative sentiment across the cryptocurrency market. Some traders are interpreting strength in meme coins such as the Official Trump coin as an early signal of improving risk appetite.

This has led to additional inflows, particularly into high-volatility assets where short-term gains can be more pronounced.

Official Trump coin price forecast

The near-term outlook for the Official Trump coin price will likely depend on how it reacts around key technical levels and the upcoming June 14 event window.

At present, traders should closely watch $2.20 as the immediate resistance level.

This price zone has acted as a ceiling during recent trading sessions, and a clean break above it could open the path toward the next upside target near $2.50.

If buying pressure continues and volume remains elevated above the current daily average of roughly $400 million, momentum could extend further as short-term traders follow the breakout structure.

In this scenario, price action would likely remain driven by sentiment and event expectations rather than longer-term fundamentals.

Official Trump coin price chart

On the downside, the most important support level sits near $1.574. This level has been identified as the threshold that keeps the current bullish structure intact.

A failure to hold above this zone could trigger rapid profit-taking, especially if leveraged long positions begin to unwind.

The post Here’s why the Official Trump coin price just jumped 18% appeared first on CoinJournal.

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PI remains bearish as token unlocks threaten recovery

Key takeaways

  • Rising supply and weak technical indicators could pressure PI toward key support at $0.1184. 
  • Around 16 million PI tokens are set to be unlocked on Thursday, with another 14.8 million becoming eligible for mainnet migration on Friday, potentially increasing selling pressure. 

Pi Network (PI) traded lower on Thursday after suffering three consecutive days of losses earlier in the week. The token remains locked in a broader downtrend that has persisted since late April.

The recovery faces a significant near-term challenge as millions of new PI tokens are scheduled to enter circulation, potentially increasing selling pressure and limiting upside momentum.

Major token unlocks could increase supply pressure

According to PiScan data, approximately 16 million PI tokens are scheduled to be unlocked on Thursday.

A further 14.8 million PI tokens are expected to become eligible for mainnet migration on Friday, adding to concerns about rising circulating supply.

The newly unlocked tokens can potentially be transferred to centralized exchanges, increasing the likelihood of additional selling activity.

Historically, large token unlock events often create short-term downward pressure as investors gain access to previously restricted holdings.

Network activity also points to notable withdrawals among major wallets. PiScan data shows that three of the five largest transactions recorded over the past 24 hours involved the movement of approximately 255,000 PI tokens.

PI technical outlook remains bearish

At the time of writing, PI is trading above $0.1250, but the broader technical picture remains weak.

The token continues to trade below key moving averages (50-day, 100-day, and 200-day) on the four-hour chart.

The clustering of these indicators above the current price suggests that sellers continue to control the broader trend.

Technical momentum signals offer little evidence of a strong recovery. The RSI is hovering near 43, indicating weak buying pressure and a lack of strong bullish momentum.

The Moving Average Convergence Divergence (MACD) and signal line remain slightly below zero, reflecting ongoing bearish conditions despite the recent rebound.

Together, these indicators suggest that any short-term rallies could face difficulty sustaining momentum.

If the rally resumes, PI would need to overcome the $0.1299 resistance to enable it to target the higher supply zones at $0.1360 (100-period EMA) and $0.1400.

However, if the bearish trend persists, the bulls will need to defend the core support levels at $0.1184 and $0.1000. 

A break below $0.1184 could expose PI to further downside and potentially trigger a move toward the $0.1000 region.

PI/USD 4H Chart

While Pi Network has managed to stabilize after several days of losses, the combination of weak technical momentum and substantial upcoming token unlocks continues to favor the bears.

Unless demand strengthens enough to absorb the incoming supply, the current rebound risks becoming a temporary relief rally, with the recently established $0.1184 support level remaining the critical line to watch in the days ahead.

The post PI remains bearish as token unlocks threaten recovery appeared first on CoinJournal.