Schlagwort: crypto business

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XRP could rally higher on steady capital inflow; check forecast

Key takeaways

  • Ripple’s XRP is down less than 1% in the last 24 hours and could rally higher soon.
  • Institutional demand for XRP continues to grow, with XRP digital asset products recording $10.6 million in weekly inflows.

The cryptocurrency market is having a bearish start to the week despite the gains recorded on Monday. Bitcoin briefly dropped below $108k while Ether continues to struggle to surge above $2,600.

Ripple’s XRP is also consolidating as bulls defend the $2.2 support level. The coin could rally higher amid strong institutional demand.

Steady capital flow keeps XRP’s price high

XRP, the native coin of the Ripple ecosystem, is down by less than 1% in the last 24 hours as major cryptocurrencies underperform. Despite the current consolidation, analysts believe XRP could break out soon and head towards new highs.

The rally could be fueled by growing institutional demand for XRP. Data obtained from CoinShares revealed that fund inflows into XRP-related financial products reached $10.6 million, accelerating year-to-date inflows to $335 million. The cumulative total assets under management (AUM) for XRP average around $1.4 billion.

Interest in XRP comes from various sectors of the market, including futures contracts’ Open Interest (OI). XRP’s OI has increased by approximately 25% to $4.69 billion since dropping to $3.54 billion on June 23. The increase suggests that traders have a bullish bias and a betting on a future price surge.

XRP’s technical outlook remains bullish

The XRP/USD 4-hour chart is bearish as the broader crypto market consolidates. However, the technical indicators are strong, suggesting a bullish bias for Ripple’s native cryptocurrency. 

The bulls would have to surpass the key resistance levels at $2.33 and $2.47 in the near term to enable XRP to rally toward the $3 psychological region for the first time since January 2025. 

XRP/USD 4H Chart

The RSI and MACD indicators are both positive, suggesting that traders could be gaining exposure to XRP. In case XRP surpasses the $2.47 resistance level, it would need to overcome the May high of $2.65 to enable it to attempt the $3 mark.

However, a reversal is not ruled out, with the market sentiment still shaky thanks to renewed tariff talks. If there is a pullback, XRP could likely test the June support level of $1.90. The bulls would likely defend the 100-day Exponential Moving Average (EMA) currently at $2.22, the 50-day EMA at $2.21, and the 200-day EMA at $2.11.

The post XRP could rally higher on steady capital inflow; check forecast appeared first on CoinJournal.

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BONK rallies 10% to outperform other major cryptos; check forecast

Key takeaways

  • BONK is the best performer among the top 50 cryptocurrencies by market cap.
  • The memecoin could rally above $0.000032 if market conditions persist.

BONK surges 10%, outperforms other memes

BONK, the native token of the Bonk memecoin, is the best performer among the top 50 cryptocurrencies by market cap. The token added 10% to its value in the last 24 hours and now trades at $0.00002326 per coin.

The token’s positive performance is primarily driven by the surge in activity on LetsBonk, a recently developed token launchpad. For months, Pump.fun dominated the Solana token launchpad space. However, the story has changed as Pump.fun lost market share to LetsBonk, which some people call Bonkfun. As of this writing, LetsBonk now holds 55% of the total launchpad market share.

BONK targets $0.00003265, with strong support at $0.00002062

The BONK/USD 4H chart is extremely bullish thanks to the token’s ongoing rally. The technical indicators suggest further upward movement. The pair is currently efficient, suggesting that BONK has swept liquidity to the downside in anticipation of an upward rally.

Following the 46% surge last week with a wedge pattern breakout, BONK’s bullish start this week targets the highest price in May. A daily close above the $0.00002218 could see BONK target the $0.00002581 level, the inception point of the falling wedge pattern.

In the event of an extended rally, BONK could test the $0.00003265 level for the first time since January 2025. 

BONK/USD 4H chart

The RSI of 81 suggests that BONK is currently in the overbought region, while the MACD lines are firmly in the positive zone, suggesting a buying pressure. A rising trend in the green histogram bars indicates increasing uptrend momentum.

However, if BONK fails to hold the support level above $0.00002218, it could retest the 50% Fibonacci level at $0.00001734 in the coming days.

The post BONK rallies 10% to outperform other major cryptos; check forecast appeared first on CoinJournal.

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SUSHI price turns bullish as SushiSwap team teases major reveal

  • SushiSwap has hinted at a massive announcement coming this week.
  • The altcoin shows bullish signals at a crucial support barrier.
  • Traders now target the key resistance zone at $0.79- a 30% surge.

Meme coins dominated financial trends with impressive rallies on Monday as Elon Musk launched a pro-Bitcoin political party for Americans.

Meanwhile, the SushiSwap team supercharged SUSHI’s rebound with a cryptic post on X, hinting at a massive reveal in the next few days.

SushiSwap X post

SushiSwap is a DEX that runs on multiple blockchains as an AMM (automated market maker).

It enables users to swap assets and offer liquidity without traditional order books.

Despite the scarce details, the upcoming announcement stirred the crypto community.

While enthusiasts contemplated what the message was about, analysts and traders shifted to the SUSHI price chart.

The altcoin’s current price of $0.6058 places it within the dependable support zone at $0.57 – $0.60.

Buyers have aggressively joined here to catalyze significant uptrends.

A confirmation might send SUSHI’s price to the crucial resistance zone at $0.79.

That would mean an approximately 30% surge from the meme token’s current price.

What to anticipate from SushiSwap?

While the team didn’t disclose the exact nature of the upcoming announcement, SUSHI’s price reaction triggered various speculations.

Enthusiasts could be bracing for strategic collaborations, protocol upgrades, new product launches, or governance overhaul.

Some suspect the project might introduce a new utility functionality for the native token or more integrations with decentralized finance protocols.

Indeed, the DeFi sector has seen increased traction lately, with topics like RWA tokenization, L2 expansions, and staking gaining traction.

Veteran crypto projects like SushiSwap are likely bracing to leverage this growth.

As the team prepares this week’s key announcement, traders are looking to capitalize on the potential momentum.

Coinglass data confirms the enthusiasm. SushiSwap’s volume has rallied 40% to $36.94 million.

Also, the Open Interest is at $30 after a 6% jump. That signals renewed interest in the project.

How could these developments influence SUSHI’s price actions in the near term?

SUSHI price outlook: recovery impending?

The DEX’s governance token displayed bullishness following the announcement, signaling impending rebounds.

SUSHI hovers at a crucial region. It trades at $0.6058, with a technical setup supporting upside continuation.

The alt trades above the foothold at $057 – $0.60, a crucial region that previously attracted significant buying.

Sushi Price Chart

Source – CoinMarketCap

SUSHI bulls are now targeting the nearest resistance at $0.66.

A decisive close beyond this mark could fuel continued upswings.

Overcoming $0.6925 would open the gates to $0.7470, and a potential extension to $0.7925.

That would mean a 30% gain from SUSHI’s current market price.

However, failure to reclaim $0.66 might delay the possible rally.

A sudden selling pressure that plunges SUSHI beneath $0.57 could trigger significant dips or sideways price actions.

Further, broad market sentiments will be vital in shaping SushiSwap’s trajectory.

The post SUSHI price turns bullish as SushiSwap team teases major reveal appeared first on CoinJournal.

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Bitcoin could retest $107k before rally resumes as Trump sets a new tariff date

Key takeaways

  • BTC is trading below $109k and could retest the $107k region before rallying high.
  • Market analysts believe Trump’s new trade negotiation date of August 1 will make Bitcoin less volatile.

The cryptocurrency market was bullish over the weekend, with the major cryptos currently in the green. Bitcoin climbed above $109k on Sunday but has slightly retraced and could dip lower in the coming hours.

Despite that, analysts remain optimistic about Bitcoin’s medium-term performance ahead of Trump’s trade deal negotiations in August.

Analysts expect a less volatile July for Bitcoin

July could be a quiet month in terms of trade deals as U.S. Treasury Secretary Scott Bessent announced Sunday that tariffs, initially revealed in April, will take effect on Aug. 1.

The tariffs will take effect for countries without a trade agreement with the U.S.  Bessent warned that the tariff level will revert to April’s rates if negotiations fail before that date.

While speaking to The Block, Jeff Mei, COO at BTSE commented that,

“Traders previously were concerned about volatility leading up to the July 9 tariff deadline on Wednesday. It looks like markets are rallying after it was revealed countries will have more time to negotiate before tariffs take effect at the beginning of August.”

According to Mei, the upcoming release of the U.S. consumer price index on July 15 will give investors an insight into whether inflation is low enough for the Federal Reserve to lower interest rates.

An interest rate cut would be potentially positive for Bitcoin and could spur it to surpass its current all-time high price of $111k.

BTC could refresh its record highs soon amid bullish sentiments

The BTC/USD 4H chart is bullish and efficient as the bulls are currently in control of the Bitcoin market. The technical indicators suggest that Bitcoin could rally to a new all-time high soon.

The RSI of 53 shows that buyers are regaining control, while the MACD lines are currently in the positive zone, suggesting a strong buying sentiment. However, BTC could retest the low of $107,850 before rallying higher in the near term. 

BTC/USD 4H chart

If Bitcoin continues its upward momentum, it could extend the rally toward the May 22 all-time high at $111,980. An extended rally would allow Bitcoin to reach a new all-time high price.

On the flipside, failure to defend the support level at $107,850 could see BTC retest the consolidation zone and Transactional Liquidity (TLQ) area at $105,333.

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IO, IMX and Aptos outlook ahead of major token unlocks this week

  • Aptos, Immutable, and io.net are among the tokens set to witness notable insider token unlocks totaling over $219 million this week.
  • What do the large cliff unlocks mean for APT, IMX, and IO prices?
  • More than $219 million of tokens will unlock in the next week, including key releases for Solana and Worldcoin among others.

Aptos, Immutable, and io.net are among the top altcoins primed for major token unlocks this coming week, with over $219 million worth of these and other tokens set to enter circulation between July 7 and 13, 2025.

While an overall bullish sentiment surrounds the cryptocurrency market as Bitcoin hovers near $109,000, could the upcoming unlocks introduce selling pressure to APT, IO, and IMX?

Major token unlocks this week: Aptos, IMX, IO

Aptos (APT) is a layer-1 blockchain designed for scalability and high throughput.

Immutable (IMX), a layer-2 solution on Ethereum, focuses on NFT infrastructure with zero gas fees, enhancing user accessibility.

Meanwhile, io.net (IO) is a decentralized AI computing network that enables machine learning engineers to access scalable clusters at reduced costs, positioning it as a leader in DePIN innovation.

According to data from Tokenomist, formerly Token Unlocks, the week of July 7-13, 2025, will see insider unlocks totaling over $219 million.

Notable releases of tokens worth over $5 million include Aptos with $50.78 million, or 1.75% of the circulating supply, and io.net with $9.28 million, or 7.64% of the circulating supply.

Elsewhere, Immutable is also set to see a large cliff unlock, with $10.43 million of IMX, or 1.31% of circulating supply.

Wu Blockchain shared the details below.

Large cliff token unlocks refer to the simultaneous release of a significant portion of tokens after a vesting period, often allocated to founders, teams, or early investors.

This event can increase selling pressure, potentially driving prices down if holders liquidate positions.

However, it may also signal confidence if insiders hold, potentially stabilizing or boosting prices, depending on market sentiment and project fundamentals.

APT, IMX, IO price forecast

The Aptos (APT), io.net (IO), and Immutable (IMX) tokens could see short-term pressure given the fresh supply amid token releases.

Overall market sentiment and broader crypto trends will also likely provide either short-term headwinds or tailwinds.

From a technical perspective, Aptos price could face key support at $3.7, with resistance at $4.9 and $5.2.

A break above $5 could target higher levels with $8 and $10 next.

On the other hand, IMX has a key demand reload zone near $0.32 below which the sell-off will intensify.

However, if bulls take control, a key target could be the psychological $1 area.

io.net (IO) has major support around $0.5, with resistance at $0.75 and then $1.43.

The post IO, IMX and Aptos outlook ahead of major token unlocks this week appeared first on CoinJournal.