Schlagwort: crypto market

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. 

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.

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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. 

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.

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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.

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.

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Key takeaways

• XRP continues to consolidate around the $1.10 mark.
• The bulls are holding the price above the $1.05 support level.

Ripple’s XRP is trading lower on Thursday, staying around $1.10 as the token attempted to reverse a downtrend that has persisted since mid-May. 

The downtrend comes as institutional demand for XRP-linked investment products continues to strengthen, even as retail traders remain cautious amid ongoing geopolitical tensions.

Geopolitical uncertainty continues to weigh on markets

Risk sentiment remains fragile as tensions between the United States and Iran continue to escalate.

Recent developments have included renewed military exchanges between the two nations, with US President Donald Trump stating that Iran has been slow to agree to a peace deal. Following those remarks, the US military conducted additional strikes that it described as defensive actions.

Iran’s Islamic Revolutionary Guard Corps (IRGC) subsequently launched attacks targeting US military facilities in Kuwait, Bahrain, and Jordan.

The uncertainty has contributed to volatility across financial and cryptocurrency markets, limiting investor risk appetite.

Despite the uncertain macro environment, institutional investors continue to add exposure to XRP.

Data from CoinGlass shows that XRP spot ETFs attracted nearly $1.2 million in net inflows on Wednesday, following approximately $7.44 million in inflows on Tuesday.

According to CoinGlass data, XRP futures Open Interest (OI) stood at approximately $2.43 billion on Thursday.

A falling Open Interest environment typically signals reduced speculative activity and limited conviction among short-term market participants.

XRP price analysis: Recovery attempt faces major resistance

XRP is currently trading around $1.10, but the broader technical picture remains bearish.

The token continues to trade below several major trend indicators. Remaining below all three moving averages suggests that the longer-term downtrend remains intact.

Technical momentum indicators suggest selling pressure is easing, but not yet reversing.

The RSI is hovering near 44, indicating weak demand while remaining just above oversold territory.

The Moving Average Convergence Divergence (MACD) histogram remains in negative territory, signaling that bearish momentum continues to dominate despite the recent bounce.

If the bulls regain control, XRP could surge towards the 50-day EMA at $1.30, with additional hurdles at $1.40 and $1.61. 

A break above $1.26 would be the first sign that bullish momentum is beginning to strengthen.

However, if the bearish trend persists, XRP could retest the $1.05 support level before dropping below $1.0 to test lower demand zones at $0.95

XRP’s latest rebound is being supported by steady ETF inflows and growing institutional interest. However, declining futures activity, persistent geopolitical uncertainty, and a bearish technical structure suggest that the recovery remains tentative.

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Key takeaways

• ADA remains under pressure after last week’s 30% sell-off
• The coin could dip lower if the bearish trend in the market persists.

Cardano (ADA) continues to struggle on Wednesday, trading near $0.1600 and extending losses following last week’s sharp 30% decline. 

The cryptocurrency remains under intense selling pressure as investor confidence weakens and retail participation fades.

Despite the bearish backdrop, on-chain data suggests that selling activity from long-term holders may be approaching exhaustion, potentially laying the groundwork for a future recovery.

Dormant supply spike suggests capitulation among long-term holders

Recent on-chain data from Santiment shows a significant surge in dormant ADA supply re-entering circulation during early June.

Several spikes in dormant supply spent exceeded 20 billion ADA, culminating in a massive 40.6 billion ADA movement on June 9, the largest recorded spike during the current sell-off.

This wave of activity indicates that long-term holders who had previously remained inactive chose to move or sell their holdings amid market weakness. 

The surge also interrupted the growth in the average age of ADA wallets, confirming that dormant addresses became active again.

While further selling from long-term holders remains possible, such spikes are often viewed as capitulation events that signal the exhaustion of selling pressure and frequently precede market bottoms.

Retail sentiment toward Cardano has deteriorated significantly following last week’s decline.

Derivatives data highlights the decline in speculative demand. According to CoinGlass, Cardano futures Open Interest (OI) has dropped to $348.55 million, its lowest level since November 2024. This extends a steady decline from $585.35 million recorded on May 12.

A falling OI typically signals that traders are closing leveraged positions and becoming more risk-averse, reducing the likelihood of a strong recovery in the near term.

ADA price analysis: Can Cardano stay above $0.1500?

Cardano is trading slightly below $0.1600, maintaining a bearish trajectory after reaching a short-term peak of $0.1745 on Monday.

Technical indicators continue to favor sellers. The Relative Strength Index (RSI) at 39 is approaching the oversold territory, indicating severe selling pressure.

The Moving Average Convergence Divergence (MACD) remains below the zero line, confirming that bearish momentum remains dominant.

While oversold conditions could trigger occasional relief rallies, there is currently no strong evidence of a trend reversal.

If the rally resumes, ADA could surge past Monday’s high of $0.1745 before hitting the $0.2000 psychological level. 

A move back above the $0.2205–$0.2275 zone would be needed to weaken the prevailing bearish outlook.

However, if the selloff persists, ADA could drop below Saturday’s low of $0.1486, with the major long-term support at $0.1000 also a target. 

A break below $0.1486 could expose ADA to a deeper decline toward the $0.1000 region.

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