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XRP drops below $1.25 amid crypto market selloff

Key takeaways

  • XRP has dropped below $1.25 after three straight days of losses, its lowest level since February 6.
  • The bearish performance comes as the broader crypto markets remain under pressure from geopolitical tensions. 

Ripple’s XRP has dropped below the $1.25 support level on Tuesday after extending losses for a third consecutive day, marking its weakest price since February 6. 

The broader cryptocurrency market continues to face selling pressure as investors adopt a risk-off stance, driven by escalating geopolitical tensions in the Middle East.

Although U.S. President Donald Trump suggested that a peace deal with Iran could be reached “over the next week,” uncertainty persists. 

A CNN report also indicated that negotiations between the two countries resumed shortly after Iran paused talks following Israel’s offensive in Lebanon, further contributing to market volatility.

Mixed capital flows show continued institutional interest in XRP

Despite the price decline, XRP continues to attract institutional inflows across digital investment products, including U.S.-listed spot exchange-traded funds (ETFs).

According to CoinShares, roughly $20 million flowed into XRP-related products in the week ending June 1, making it one of only a few assets to record meaningful inflows above $1 million.

At the ETF level, XRP spot products recorded $4.13 million in net inflows last week, extending a five-week streak of positive flows. 

Cumulative inflows have reached approximately $1.43 billion, with total net assets under management standing at $1.11 billion, according to SoSoValue data.

XRP technical outlook: bearish pressure builds below key moving averages

XRP is currently trading around $1.23, remaining below its key short-, medium-, and long-term moving averages, reinforcing a bearish near-term structure.

Momentum indicators also reflect continued downside pressure. The MACD histogram remains negative, while the Relative Strength Index (RSI) sits near 37, approaching oversold territory but still indicating persistent bearish momentum.

If the bulls regain control, immediate resistance is seen at the 50-day EMA around $1.38, followed by the 100-day EMA near $1.45. 

A stronger rebound would require a break above a descending trendline near $1.52. A broader trend reversal would only be signaled if XRP can reclaim the 200-day EMA around $1.65.

XRP/USD 4H Chart

While institutional inflows continue to provide underlying support, XRP remains under pressure from broader macro uncertainty and technical weakness. 

With the buyers failing to defend the $1.25 support level, XRP could likely drop below $1.20 in the near term.

The post XRP drops below $1.25 amid crypto market selloff appeared first on CoinJournal.

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HYPE hits new ATH as ETF momentum and institutional demand fuel rally

Key takeaways

  • HYPE hit a new all-time high of $75 on Tuesday, driven by rising institutional demand amid broader market weakness.
  • Grayscale has advanced plans to launch its spot Hyperliquid ETF HYPG this week.

Hyperliquid’s native token, HYPE, surged to a new all-time high of $75.52 on Tuesday, extending its recent rally as growing institutional interest and expanding ecosystem activity continue to drive demand.

Grayscale to launch a Hyperliquid ETF

A key catalyst behind HYPE’s latest gains is increasing competition in the exchange-traded fund (ETF) market. 

Grayscale is preparing to enter the race with a spot Hyperliquid ETF after filing an amended S-1 registration statement with the U.S. Securities and Exchange Commission (SEC).

Bloomberg ETF analyst James Seyffart noted that the amendment suggests the fund could launch in the near future, potentially within days. 

The proposed ETF will trade under the ticker HYPG and carry a management fee of 0.29%, undercutting competing products.

Institutional appetite for HYPE has already been demonstrated by the success of Bitwise’s Hyperliquid ETF, BHYP. The fund attracted roughly $20 million in inflows on Friday, marking its largest single-day inflow since launch.

After just 11 trading days, BHYP has surpassed $100 million in assets under management (AuM), supported by cumulative inflows of $81.8 million. The ETF has also generated average daily trading volumes of $35.1 million.

Bitwise has further aligned itself with the Hyperliquid ecosystem by committing to hold 10% of its annual management fees in HYPE tokens on its balance sheet for at least 12 months.

According to onchain analytics platform Lookonchain, Bitwise purchased an additional 336,474 HYPE tokens, valued at approximately $24.4 million, over the past 24 hours.

The latest acquisition highlights continued institutional accumulation as investors seek exposure to the rapidly growing Hyperliquid ecosystem.

Hyperliquid price outlook: HYPE retraces after reaching a new all-time high

Despite reaching a record high of $75.52 earlier in the day, HYPE was trading at $72.28 at the time of writing, up by 1% over the previous 24 hours. 

However, the token remains one of the strongest-performing digital assets as institutional adoption and ETF-related demand continue to accelerate.

The RSI of 65 shows that HYPE is bullish but is yet to enter the overbought region, creating room for further growth.

If the bullish trend persists, HYPE could extend its rally and create a new all-time high around the $80 level.

HYPE/USD 4H Chart

However, if the pullback extends, HYPE could retest the Sunday low of $67. An extended bearish trend could see HYPE drop below $60 for the first time since May 28.

The post HYPE hits new ATH as ETF momentum and institutional demand fuel rally appeared first on CoinJournal.

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Bitcoin crashes below $70K as ETF exodus and Mt. Gox fears intensify

  • Bitcoin price has dipped to under $70,000 for the first time since early April.
  • Negative triggers include ETF outflows, corporate sales, and large on‑chain transfers.
  • With macro and geopolitical volatility persisting, bulls may struggle to reclaim recent highs.

Bitcoin price dipped below the $70,000 mark early Tuesday, slumping more than 4% in the past 24 hours amid rising negative sentiment across the crypto market.

The losses intensified after Monday’s slide, which was due to fresh capital flight from exchange-traded funds and a market reaction to Strategy’s BTC sale.

Bitcoin dips under $70k amid $4 billion ETF outflows

Bitcoin’s retreat beneath $70,000 on Tuesday marks a notable deterioration in market confidence after the cryptocurrency reached intraday highs above $82,800 in April.

Since then, Bitcoin has struggled to recapture momentum amid a confluence of macroeconomic and geopolitical headwinds, including volatility in risk assets tied to the US‑Iran conflict.

The bellwether token dropped to about $71,300 on Monday before extending losses to dip below $70,000.

Per CoinMarketCap, the benchmark digital asset touched lows of $69,300 across major crypto exchanges. The intraday lows mark levels not seen in nearly two months.

Market analysts have pointed to accelerated institutional outflows as a key driver.

According to SosoValue data, spot Bitcoin ETFs have recorded more than $2.43 billion in outflows over the past month, with roughly $483 million withdrawn on Monday alone.

Those flows contributed to a weekly streak that pushed total spot ETF redemptions above $1 billion, and aggregate outflows have now surpassed the $4 billion threshold since May 11, 2026.

The sustained withdrawals have heightened selling pressure and reduced the speed of any recovery.

Why else did Bitcoin price dump?

Compounding concerns, corporate and on‑chain moves are drawing attention.

Strategy, previously the largest corporate holder of Bitcoin, sold 32 BTC in May, prompting market participants to reassess supply-side risk.

On Tuesday, on‑chain monitoring showed Mt. Gox transferred 10,306 BTC, worth more than $731 million, to new addresses.

CryptoQuant analysts observed that similar transfers have historically accompanied creditor repayments and distribution preparation and “did not lead to immediate selling pressure,” but the timing amid heavy ETF outflows amplified unease across trading desks.

BTC price outlook – is a deeper crash next?

From a price action point of view, it’s possible that the recent weakness exposes bulls to the risk of an extended slide. Currently, the coin is testing the 200-week EMA, below which a deeper crash could follow.

Bitcoin Price
Bitcoin price chart by TradingView

Notably, Bitcoin has lost over 12% in the past month, and a breach below the $65,000 zone would reopen March 2026 lows.

BTC dropped to $64,955 in March, and fear will likely trigger further short‑term liquidation events.

Conversely, a reclaim of key intraday support around $71,500 would be required to shift momentum back to buyers and set targets near $75,000 and $77,500. The 100-week EMA currently sits around $81,830.

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Toncoin price soars as Telegram eyes TON’s rebrand to GRAM

  • Toncoin price jumped as Bitcoin revisited support below $72,000.
  • Bulls took advantage of Telegram-related news of a rebrand to GRAM token to push TON above $2.27.
  • If buyers dominate, Toncoin could edge past $3.00 next.

Toncoin rose by nearly 20% and touched highs of $2.27 on Monday, June 1, as traders digested a surprise rebrand announcement from Telegram’s founder.

The gains for TON came even as Bitcoin and major altcoins fell sharply amid institutional capital outflows.

BTC slid to lows near $71,380 after news that Strategy had sold 32 BTC, its first sale since 2022.

Toncoin’s uptick signalled persistent market interest in the Telegram-backed TON blockchain despite broader market weakness.

Toncoin price gains amid GRAM rebrand news

Double-digit gains in TON’s price followed an announcement that the native token of the TON blockchain will be rebranded from Toncoin to “Gram.”

The move, expected to be completed over the next three weeks, will restore a name Telegram had previously abandoned under regulatory pressure from the US Securities and Exchange Commission.

“Gram was the original name of TON’s currency in the first white paper,” Durov wrote. “We’re returning to our roots — and starting a new chapter. This rebranding will pave the way for what comes next.”

The rebrand is part of a “Make TON Great Again” roadmap the company recently published, which includes deeper operational involvement by Telegram.

As part of that plan, Telegram disclosed its intent to become TON’s primary validator.

Investors view this as a shift that could materially affect network security and on-chain activity.

A community vote on the move is live.

As was the case then, Toncoin price rose on Monday as market participants reacted to the rebrand news.

Many see this as a signal of renewed institutional and consumer alignment between Telegram’s user base and TON’s native token.

Telegram serves more than 950 million users worldwide; tying the token more directly to the platform increases the potential utility and distribution vectors for Gram, from in-app payments to token-based services and developer integrations.

Traders interpreted the announcement as positive for token demand, prompting the swift price appreciation even as macro-driven selling pressured broader crypto markets.

Toncoin price outlook: Is a new all-time high next?

Technically, TON’s daily chart shows bullish momentum but with caveats.

The relative strength index (RSI) on the weekly timeframe has climbed to 57, indicating strong buying pressure but approaching overbought territory.

The MACD histogram remains positive, with the MACD line above the signal line, suggesting trend continuation in the short term.

These indicators together point to momentum that could extend the rally while warning that a pullback or consolidation is possible if momentum exhausts.

Toncoin Price Chart
Toncoin price chart by TradingView

Key levels to watch

If TON holds above the $2.10 support established during Monday’s session, the next near-term resistance zone sits around $3.00.

As the chart shows, this is a level above which bulls could target traction towards $3.70 (100SMA) and then $6.00. TON’s all-time high is above $8.

On the downside, a decisive breakdown below $2.00 would increase the likelihood of a deeper retracement.

If bears breach lower support levels, losing $1.90 could significantly impact the probability of an immediate push toward previous highs.

Given broader market volatility and ongoing institutional flows, traders should monitor on-chain activity and Telegram’s next operational moves for confirmation that the rebrand materially increases utility and adoption.

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DeXe price eyes $20 amid significant buy volume – can bulls sustain momentum?

  • DEXE rose more than 11% intraday to trade above $19.16, with a 32% weekly gain.
  • Daily trading volume climbed about 38% to nearly $40 million, suggesting accumulation.
  • Technical support sits at $15, while bulls could target $24 or higher next.

DeXe (DEXE) rallied sharply on Friday, climbing toward the $20 mark as buying pressure intensified across major exchanges.

The spike in volume and a string of weekly gains have drawn renewed attention from traders and analysts, who are assessing whether the asset can extend its advance or if profit-taking will cap further upside.

DeXe price rises 11% amid volume spike

DeXe price jumped more than 11% to trade above $19.16 after a strong intraday advance, propelling DEXE onto CoinMarketCap’s list of top weekly movers.

The token’s 24-hour performance contributed to a one-week rally that saw DeXe gain roughly 32%, placing it among the market’s notable gainers.

Other top performers included Stellar (+42%), Humanity (+23%), and Injective (+21%). DeXe has also climbed more than 58% over the past month.

The latest gains coincided with a notable increase in on-chain and exchange activity, with daily trading volume rising roughly 38% to around $40 million.

The surge in volume suggests growing accumulation, with buyers stepping in at key levels.

The combination of rising prices and stronger trading activity supports the case for continued near-term momentum and positions DEXE to challenge higher resistance zones if bullish sentiment persists.

DEXE price analysis

The technical outlook for DeXe shows the token testing levels last seen in March 2025, marking a return to multi-month highs.

Moving averages continue to support the broader uptrend. The 50-day simple moving average (SMA) is currently acting as a dynamic support level, while the 100-day SMA sits lower and provides a deeper technical cushion for holders.

Key resistance remains near $20, followed by a more significant barrier around $24. These zones could attract profit-taking from short-term traders and may act as hurdles for further upside.

DeXe Price
DeXe price chart by TradingView

On the downside, initial support is located near $15, a level that aligns with previous consolidation and areas of intraday demand.

Stronger support is positioned near the 50-day SMA around $12.84 and the 100-day SMA near $9.17. A sustained decline toward those levels would signal weakening bullish momentum and could trigger increased selling pressure.

For bulls to maintain control, DEXE would need to close decisively above the $20 resistance area while sustaining elevated trading volume, reducing the risk of a rapid retracement.

However, if the token fails to break above $20 and sellers regain control, the rally could lose momentum quickly.

A rise in sell-side volume would increase the likelihood of a pullback toward the $15 support zone.

 

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