The Crypto Basic

Shiba Inu continues to follow a well-defined downtrend pattern, with the latest price action reinforcing the broader bearish structure.
The Shiba Inu (SHIB) chart shows sellers maintaining control through a series of lower highs, while each recovery attempt has not been sustainable.
A long-term descending trendline early capped rallies for months, and the recent move fits the same pattern. After slipping below support, SHIB has repeatedly attempted to rebound, but its price has stalled around key resistance zones, raising the possibility of deeper corrections.
Shiba Inu Recovery Attempts Continue to Lose Momentum
Shiba Inu trailed beneath a descending trendline between September 2025 and April 2026, consistently making lower highs and lower lows. After breaking out, it made a series of higher lows along an ascending trendline before breaking below it in May. This confirmed the bearish bias.
The SHIB/USDT 4H chart highlights a familiar sequence that repeated throughout the decline. A brief rebound has followed each sharp sell-off, only for earlier gains to be wiped out as the retested resistance attracts fresh selling pressure.
Shiba Inu confirmed this in the early June retest, where its price peaked near $0.00000558. What followed was a sharp decline to a new low of $0.00000430 five days later. Another fakeout happened with a brief rally to $0.00000520 on June 15. Bears regained control and dragged SHIB lower.
Shiba Inu Chart Analysis
SHIB Downward Structure Intact
Meanwhile, the latest market bounce has carried SHIB back toward the former support area near $0.0000046. The meme coin stalled near the resistance area, which aligned closely with the 100-period moving average. Notably, the loss of momentum there is critical as the dynamic resistance has repeatedly rejected earlier recoveries.
The latest rejection means the overall market structure has not changed. The sequence of lower highs and lower lows remains intact, while repeated failures near resistance indicate that buyers have yet to establish sustained control.
As long as SHIB remains below the 100 MA and the nearby resistance zone around $0.0000046, the broader bias continues to favor the downside. The downside target is a potential decline toward the next support region near $0.0000010, a 77% crash from the current price level.
However, a successful reclaim of the resistance could open the door to a stronger recovery. A decisive move above resistance, supported by sustained buying pressure, would weaken this outlook.
Could SHIB Accumulation Disrupt Bears?
While price analysis shows a bearish outlook, on-chain data provides a glimmer of hope. Specifically, Shiba Inu whales are accumulating Shiba Inu through weakness, suggesting confidence in the asset’s price trajectory.
In the past 24 hours, the total exchange netflows have turned negative, highlighting that coins that flowed out surpassed those that entered. The metric increased by 1.43% to a negative 33.5 billion SHIB tokens, worth $146,207.
#CryptoNewsFlash

A viral social media post claiming Ethereum controls 87% of the global stablecoin supply has sparked debate within the XRP community.
However, the chart behind the claim excluded Tron, one of the largest stablecoin networks. The discussion comes as stablecoin activity reaches new highs. At the same time, Ripple’s RLUSD continues to gain traction on the XRP Ledger.
Ethereum and Tron Control 81% of the Market
Notably, a crypto user shared Artemis data claiming Ethereum now controls 87% of the stablecoin supply. Longtime XRP critic on X, @ScamDetective5, used the post to further criticize XRP, saying, “The XRP Ledger is not even on the map.”
However, an Artemis dashboard that includes all major blockchains tells a different story. Ethereum remains the largest stablecoin network, with $162.7 billion in circulating supply. This gives it a 52.4% market share, not 87%.
Tron ranks second with $89.4 billion in circulating supply, accounting for 28.8% of the market. Together, Ethereum and Tron host more than 81% of the global stablecoin supply.
Other major networks include:
BNB Chain: $16.6 billion (5.4%)Solana: $16.2 billion (5.2%)HyperEVM: $5.7 billion (1.8%)Base: $4.6 billion (1.5%)Arbitrum: $4.3 billion (1.4%)Polygon PoS: $3.9 billion (1.3%)XRP Ledger: Approximately $1.2 billion (0.4%)
The dashboard puts the total stablecoin supply at $312.7 billion.
Source: Artemis
Stablecoin Transaction Volume Reaches New High
Notably, the market share debate comes as stablecoin adoption continues to grow. According to Visa’s Allium-powered analytics, adjusted stablecoin transaction volume hit a record $1.79 trillion in June. That was up 63% from May and 125% compared with the same month last year.
Visa’s methodology removes bot activity, treasury rebalancing, and repetitive smart contract transactions. The goal is to better measure genuine economic activity.
USDC led June’s transaction volume at $1.21 trillion, accounting for about 67% of the total. USDT followed with $576 billion, or roughly 32%. PYUSD processed another $2.42 billion.
Among blockchains, Base narrowly led June’s transaction volume at $565 billion. Ethereum followed closely with $562 billion, while Tron processed about $320 billion.
The data suggests stablecoins are seeing increased use for payments, decentralized finance, and cross-border transfers despite broader market uncertainty.
RLUSD Gains Ground on the XRP Ledger
While the XRP Ledger remains a small player in the broader stablecoin market, Ripple’s RLUSD recently reached an important milestone.
In late June, RLUSD’s circulating supply on the XRP Ledger surpassed its supply on Ethereum for the first time. That made XRPL the largest network hosting Ripple’s stablecoin.
Current figures from the RLUSD Tracker show that the XRP Ledger holds about $848 million in RLUSD. Ethereum holds a far lower figure at $727 million.
Across both networks, RLUSD’s circulating supply has grown to nearly $1.6 billion. The figures indicate growing adoption within Ripple’s ecosystem, even as Ethereum and Tron continue to dominate the overall stablecoin market.
#CryptonewswithJack

#Cardano is showing signs of life after nearly 15,000 new wallet holders joined the ecosystem in a few days, even as its price rebounded from recent lows.
According to an analysis shared by Santiment Intelligence, the number of non-empty ADA wallets has increased by 14,783 since June 23, reversing a short-lived decline in holder count. At the same time, Cardano (ADA) has climbed toward the $0.20 level for the first time in roughly a month after rebounding sharply from its recent bottom.
The combination of rising wallet activity and improving price action suggests retail participation is returning after weeks of market uncertainty. Furthermore, ADA has climbed several places higher in the crypto market cap ranking to reflect the recent price growth.
Cardano Holder Count Surges Amid Price Rebound
The Santiment data shows the total Cardano holder count starting to recover after falling through much of June. Since reaching a local low on June 23, the network has added 14,783 non-empty wallets, lifting the total holder count back above 4.62 million.
Cardano Non-Empty Wallet Rise/Santiment
A rising holder count means more adoption. The situation confirms that buying pressure is returning for Cardano, as users saw the June dip as an opportunity to buy lower.
Meanwhile, this has seen ADA stage a notable recovery from its recent lows. The asset rose by roughly 45% from its June 25 bottom of $0.138 to the $0.20 level before retracing slightly.
Notably, last week’s 32% rebound marks its strongest weekly upward move since late February 2025, when it rallied 47%. Nonetheless, the token remains well below prices seen earlier this year.
Santiment noted that Cardano has historically maintained a loyal retail community even during prolonged market downturns. As such, the latest increase in wallet addresses may indicate that smaller holders are returning as market sentiment stabilizes.
Cardano Climbs to 14th Place in Crypto Market Cap Ranking
The price shift has also impacted ADA’s position in the cryptocurrency ranking by valuation.
Following the 38% dip in June, Cardano dropped to the 18th asset by market cap. However, as prices started to outperform Bitcoin and other major large-cap assets, ADA started to move in the rankings.
It briefly moved five spots to the 13th spot before the current pullback saw it lose that spot to Stellar again.
With a market cap of $6.71 billion, ADA now ranks 14th, climbing above the Dai stablecoin, Canton, Chainlink, and Monero. Meanwhile, the current momentum is now fueling optimism that Cardano will reclaim the 10th place in the cryptocurrency market cap ranking.
Cardano Reclaims 14th in Market Cap Ranking/CoinMarketCap
Sentiment Slowly Shifts After Weeks of Uncertainty
Cardano faced heavy selling pressure throughout June as bearish sentiment intensified across the ecosystem.
Several factors fueled the weakness, including ADA falling to price levels not seen since 2020, public comments from Cardano founder Charles Hoskinson about ecosystem shortcomings, and community debate around efforts to move Cardano discussions away from X.
Together, those developments weighed on confidence and contributed to the decline in both price and holder activity. Growing FUD also climbed as Cardano’s social dominance rose considerably.
However, the recent recovery in wallet growth suggests confidence may be gradually returning. Santiment added that if the number of holders continues to rise while ADA establishes support around the current levels, it could signal that the period of FUD marked a local capitulation rather than the beginning of another prolonged decline.
#CryptoNewsCommunity

#XRP is now close to a recording death cross between the 20-week EMA and the 200-week SMA, which could determine its next direction from here.
A death cross forms when a short-term moving average drops below a long-term one. While this is often discussed in terms of the 50-day and 200-day moving averages, the same idea applies to other pairs, including the 20-week EMA and the 200-week SMA.
200W SMA and 20W EMA Seeing Opposing Trends
Right now, this crossover has not happened yet, but it looks very close. Since October 2025, the two indicators have been moving in opposite directions and seem to be gradually converging.
Notably, the 200-week SMA has been rising since late 2024, but only at a slow and steady pace. Meanwhile, the 20-week EMA entered an uptrend from November 2024, but things changed after it reached a high of $2.77 in October 2025. Since then, the shorter-term average has been falling.
The gap between these two indicators has become smaller over time. At the moment, the 20-week EMA stands at $1.34 and is still declining, while the 200-week SMA has climbed to $1.209 and continues its gradual rise.

XRP Weekly Death Cross Imminent
If the 20-week EMA falls below the 200-week SMA, it would be the first time this has happened since November 2024. For context, in November 2024, the moving averages witnessed a golden cross, which coincided with a broader market rally linked to Donald Trump’s election victory.
What This Could Mean for XRP Price Action
A death cross usually points to growing selling pressure. In this case, it would show that sellers are gaining more control and that the downtrend is still in place. However, in some cases, this signal appears close to a market bottom.
For instance, in July 2022, XRP showed a similar pattern. At that time, the price had already dropped to a low of $0.28 in June 2022 and was starting to recover. After the death cross formed, XRP still fell slightly to about $0.31 by Q3 2022.
Following this low, the market stabilized, but XRP saw a consolidation instead of a decisive uptrend despite avoiding further declines. A strong bull run did not begin until November 2024, nearly two years later.
However, not every case follows the same path. During the 2018/2019 bear market, a similar crossover happened in October 2019. XRP continued to fall for several months after the signal, eventually reaching a low of $0.1140 in March 2020. It took about five months for the market to find a bottom.
However, this period coincided with the March 2020 crash caused by the COVID-19 crisis, which many see as an unexpected Black Swan event.
As a result, some analysts treat it as an exception. If no similar shock happens now, XRP could follow the 2022 pattern, where the death cross appeared close to the bottom and was followed by a period of consolidation within weeks.
Key XRP Levels to Watch
While each market cycle is different, data from these past trends suggest that XRP could form a bottom between now and the end of the year or within the next six months, depending on how the market develops.
Most analysts believe the next major support lies between $0.8 and $0.9. On-chain data supports this view. Specifically, the UTXO Realized Price Distribution (URPD) shows that below the $1.06 support level, the next strong support sits around $0.8, where about 923 million XRP was previously traded.
With XRP currently priced at $1.13, a drop to the $0.8 to $0.9 range would mean a decline of around 20% to 29%. Whether the price reaches that level or stabilizes earlier will depend on how the market reacts as this possible death cross plays out.
#CryptoNewss

ASTER is showing signs of renewed strength after a range breakout, with analysis suggesting buyers are gradually regaining control.
The recent #Aster (ASTER) price action suggests an optimistic short-term outlook, particularly as its price regains momentum and the broader crypto market shows recovery signs. Provided the token holds above critical support levels, it might experience a considerable rebound to higher resistance areas.
ASTER Breaking Out from Multi-Week Range
After spending several weeks consolidating, ASTER has climbed back toward the upper end of its multi-week price range. The coin fell into this range on June 5. While it broke out in mid-June to a high of $0.803 following news of the 99% fee buyback, it fell back and continued to trend within the range.
The recent uptrend has now shifted attention to whether ASTER can successfully break out and target higher prices. Meanwhile, ASTER is already showing early positive signs, with price now trending above the upper resistance trendline at $0.634.
Aster 4H Chart Analysis
The coin first broke out on June 2, following its rally to an intraday high of $0.649. Since then, ASTER has consolidated above the key zone, gaining momentum for the next uptrend. This presents an ideal entry point. If the price continues to trade above the $0.634 resistance, the chances of a rally higher remain.
Key Resistance Levels Ahead
The immediate resistance should the upward momentum begin is the $0.649 level. ASTER stalled there yesterday, and reclaiming it is crucial for a sustained uptrend.
If buyers successfully clear $0.649, the next technical hurdles appear near $0.665 and $0.709, representing an uptrend of 4% to 11% from the current price of $0.638. Beyond those levels, there are still resistance zones between $0.740 and $0.780.
Ultimately, the breakout could target the previous swing high around $0.803. From the current market price, this represents a 26% increase.
Notably, the bullish outlook would weaken if ASTER loses its breakout structure. Falling below $0.634 invalidates the breakout and pushes the coin back into a range. It also opens the path to retesting lower support regions.
The closest support is $0.612, representing a 4% drop from here. Below this level, another support sits around $0.602. Meanwhile, $0.585 marks the most important floor on the chart, as it represents the lower support of the price range.
A convincing close beneath that level would invalidate the current recovery setup and could expose the token to a deeper decline toward $0.542 and $0.514.
#CryptoNewsFlash

#XRP has gradually erased its bull run gains over the past eleven months and now trades at a crucial Fibonacci level that holds significance to its bull structure.
XRP enters July 2026 at what many see as its most important technical point since the start of the bull run. The asset had earlier climbed from about $1.05 in the second week of November 2024 into an all-time high of $3.66 in July 2025.
However, since then, it has spent eleven months gradually losing these gains. Now, XRP trades at $1.1, sitting just above the 1.0 Fibonacci retracement level at $1.00795.
This level is important because it marks a full return to the starting point of the entire rally. Although the first weekly candle of July shows a 5.07% gain, the broader chart structure suggests that the situation is still fragile.
The Final Fibonacci Support for XRP
Toward the end of June, XRP fell to $1.009, its strongest test of the $1 level since November 2024. Slightly below this, the 1.0 Fibonacci level at $1.00795 reflects a complete retracement from the cycle low to the July 2025 peak.
Throughout the eleven-month decline since August 2025, XRP lost key Fibonacci levels one after another. The 0.382 level at $2.65117, the 0.618 at $2.02366, the 0.786 at $1.57696, and the 0.888 at $1.30575 all broke down and flipped to resistance.
XRP Fibonacci Resistance and Support Levels
If XRP manages to hold above $1.00795 on a weekly closing basis, it could give buyers a base to build from. However, if it drops below this level, bears will have an opportunity to start targeting sub-$1 levels.
Specifically, the $0.8 to $0.9 range could act as the immediate defense. Below this, the 1.13 extension at $0.66229 becomes the next support, followed by the 1.272 extension at $0.28472. These levels suggest possible declines of 82% and 92% from the July 2025 peak.
Downtrend Still in Control
Meanwhile, a descending trendline that started from the July 2025 peak continues to limit every recovery attempt and confirms that the downtrend remains in control despite the mild July rebound.
XRP Weekly Descending Trendline
XRP recently reached a weekly high of $1.11, as buyers started testing the resistance at the trendline. However, the price pulled back slightly to $1.09969, leaving the breakout uncertain. A confirmed weekly close above this trendline would be the first sign of a shift in structure since the peak.
So far, this trendline has held firm. Every bounce since August 2025 has failed at or before reaching it. Until XRP breaks above it, the overall trend remains bearish.
XRP Faces Resistance from the Ichimoku Cloud
Also, the weekly Ichimoku Cloud presents further resistance above the current price. The Tenkan-sen stands at $1.27885, while the Kijun-sen is at $1.71205. Both are well above current levels, showing that momentum has not yet turned positive.
For any recovery to continue, XRP must first move above the Tenkan-sen at $1.27885 and then push toward the Kijun-sen at $1.71205. Only after that can it begin to challenge the cloud itself.
XRP Ichimoku Cloud
The projected cloud spans from Senkou Span A at $1.49545 to Senkou Span B at $2.33696, covering a wide range of $0.84. This wide zone shows strong resistance ahead.
For XRP to break above the cloud at $2.33696, it would need to overcome all remaining Fibonacci levels, move above four major moving averages, and clear the entire cloud structure. This makes a near-term move toward the 0.382 level at $2.65117 a very ambitious scenario.
Early July Signals and What Comes Next
The first July weekly candle shows some positive signs. XRP opened at $1.04646, reached a high of $1.11, and now trades at $1.1.
On-chain data also shows the market boasts some strength. Specifically, XRP spot ETF inflows have stayed positive for eight straight weeks. In the week of June 26, inflows reached $22.99 million, bringing total net inflows to $1.47 billion.
Meanwhile, exchange outflows rose from 40.7 million XRP on June 22 to around 123 million XRP in later sessions. This nearly 200% increase suggests that larger players may be accumulating. Still, the market faces substantial risks.
For XRP to recover, it must move through key resistance levels step by step. The first target is the 0.888 Fibonacci level at $1.30575, which sits close to the Tenkan-sen at $1.27885. After that, the next level to watch is the 0.786 at $1.57696.
However, XRP still trades below its 20-day EMA at $1.11, 50-day EMA at $1.20, 100-day EMA at $1.31, and 200-day EMA at $1.52. These levels form a strong barrier that the asset must overcome to confirm any lasting recovery.
#CryptoNewsCommunity

The long-term target for CAKE is $10, as it continues to hold the lower support of a long-term price structure on higher timeframes.
CAKE, the native token of PancakeSwap, is currently trading near a long-standing support zone that has repeatedly acted as a floor over the past two years. Meanwhile, the 1-week chart shows this is part of a larger compression within a broader symmetrical triangle with bullish implications upon breakout.
CAKE Holds Multi-Year Triangle Support
The recent price structure indicates that CAKE may be building a base after an extended decline. On the weekly chart, CAKE trades close to the lower boundary of a symmetrical triangle that has formed since late 2023.
Since the structure started forming in October 2023, the token has recorded a series of lower highs and higher lows. Additionally, the structure has continued to compress slowly, building momentum for a subsequent breakout.
Currently, CAKE trades near the lower support of this symmetrical triangle. The recent downtrend took the coin to a low of $1.12 in early June before rebounding to its current price of $1.37.
CAKE Symmetrical Triangle
While the possibility of one final decline toward the psychological $1 level remains, such a move could mark a potential final support sweep. This scenario could most likely happen if the broader cryptocurrency market, especially Bitcoin, drops to lower prices.
Meanwhile, holding this $1.12 support paves the way for a rebound to higher prices. The natural target is the upper resistance trendline, where prices have repeatedly faced rejection, currently near $3.40.
CAKE Breakout Targets $10
In an optimistic scenario where CAKE eventually breaks above the triangle’s descending resistance line, the target is a strong upsurge to multi-year highs.
The first upside target sits between $3.90 and $4.50, a region that aligns with previous resistance while prices trended within the structure. Notably, this 184% to 228% growth from the current market price could serve as the first take-profit area.
Should bullish momentum continue beyond that level, the next major rally target is between $9 and $10, a 557% to 630% pump from here. This would take the CAKE token to price levels last seen in April 2022.
Meanwhile, between these two major targets are micro-resistance regions. Specifically, levels at $5.45 and $8.50 are areas of interest, where CAKE might face mild opposition.
In the meantime, CAKE continues to face declining futures and spot demand despite its 2% in the past 24 hours. During this period, Coinglass futures flows show that traders are closing more derivative contracts than opening, with inflows at $2.48 million and outflows at $2.82 million.
CAKE Futures Flow/Coinglass
Spot buyers are also increasingly moving more CAKE to exchanges than they are withdrawing to self-custody wallets. Coinglass’s spot inflows stand at $853,640 and outflows at $701,170, suggesting increased selling pressure.
#CryptonewswithJack

Charles Hoskinson has pushed back against criticism surrounding Cardano’s absence from the Open USD (OUSD) stablecoin consortium.
During a recent exchange on X, Hoskinson argued that ecosystem participants cannot criticize Cardano’s lack of involvement in major commercial initiatives while simultaneously voting against proposals specifically designed to create those opportunities.
Hoskinson’s remarks came in response to criticism from prominent Cardano DRep YODA. The DRep questioned why major Cardano-related organizations, including EMURGO, Cardano Foundation, and Input Output Global (IOG), were absent from the newly formed Open USD Consortium.
Notably, the consortium includes more than 140 institutional partners, among them Ripple, Mastercard, OKX, MoonPay, and Visa.
Hoskinson Calls for Governance Accountability
In response, Hoskinson stressed that governance participants must accept responsibility for the consequences of their voting decisions. According to him, the development teams invested hundreds of hours designing proposals intended to accelerate Cardano’s commercialization efforts. However, once those proposals entered the governance process, DReps voted them down.
“We put hundreds of hours, carefully proposing direct routes to commercialize Cardano. We brought it to a vote. You voted against it,” the Carano founder noted.
Hoskinson added that he does not care about the reasons behind those decisions because DReps ultimately own the outcome of their votes.
“I don’t care about your reasons. You own the vote,” he remarked.
Commercial Partnerships Require More Than Membership: Hoskinson
Meanwhile, Hoskinson argued that joining initiatives such as the Open USD Consortium is relatively straightforward. The more difficult challenge, he said, involves deploying capital and building the financial infrastructure necessary to support those partnerships.
As part of that effort, he pointed to his proposal for a managed sovereign wealth fund capable of providing liquidity, minting stablecoins, and financing ecosystem growth initiatives. Hoskinson also highlighted several projects that he believes form the commercial backbone of the Cardano ecosystem, including RealFi, Midnight, Blockfrost, and Pogan.
According to him, these initiatives provide the infrastructure upon which larger commercial integrations can be built.
Governance Tensions Continue Across the Ecosystem
The latest dispute further highlights the governance tensions that have dominated much of the year within the Cardano ecosystem.
The disagreements contributed to the cancellation of several IOG funding proposals, including research and development funding for Blockfrost and the Cardano Summit 2026.
Amid the ongoing debate, Hoskinson recently advocated for governance reforms. His proposals include moving Cardano governance discussions to a moderated Discord server, becoming a DRep himself to participate directly in voting and improve accountability, and revising the ecosystem’s constitution.
#CryptonewswithJack

#XRP has now closed below the 200-week moving average for the first time since the 2024 rally, confirming the overall bearish market trend.
This move comes during the ongoing downtrend that started in Q4 2025 and has now lasted for ten months. Despite the decline, past trends suggest that a drop below this major moving average after an uptrend can indicate that a possible bottom may be forming.
However, it does not necessarily mean prices will recover right away. In most cases, this phase represents a change toward stabilization, not an immediate rebound.
XRP Closes Below 200WMA
Specifically, in the first week of June, XRP closed at $1.155, while the 200-week moving average stood at $1.189, confirming the breakdown.
This marked the first time XRP traded below this level and the first weekly close under it since the first week of November 2024, just before the Donald Trump-led market rally.
The 200WMA represents the average price over about four years of weekly closes, and this makes it an important long-term benchmark. When prices stay below it, it shows that most medium- and long-term holders are now holding at a loss.
Since the breakdown, XRP has now spent three weeks below the 200WMA and is heading into a fourth week. At the time of writing, XRP trades at $1.0584, while the moving average has climbed to $1.20.
The 200WMA has also flipped from dynamic support to resistance. This means that if price moves back toward it, sellers are more likely to step in, which could limit any short-term recovery attempts.
How XRP Behaved in 2022
A similar breakdown occurred during the Terra ecosystem collapse in May 2022, when XRP closed below the 200WMA in the second week of May 2022 for the first time in over a year.
After that, XRP remained below the moving average for five weeks before reaching a cycle low of $0.28 in June 2022.
Although this level marked the bottom, recovery did not happen quickly. Specifically, XRP did not begin a clear uptrend until November 2024, more than two years later.
During that time, the price oscillated above and below the 200WMA multiple times before finally breaking above it during the November 2024 rally, which confirmed a stronger trend.
XRP’s 2019 Case
Before that, XRP showed a similar pattern in August 2019, when it closed below the 200WMA after an uptrend. It then stayed below the moving average for five weeks and reached a low of $0.22 in September 2019, which seemed like a bottom at the time.
However, the recovery that followed this floor price failed, and XRP dropped below the moving average again, eventually falling further to $0.11 in March 2020, about seven months after the initial breakdown.
XRP Closes Below 200WMA
Nonetheless, most analysts see this as an exception because it was caused by the COVID-19 market crash, an unexpected global Black Swan event.
Meanwhile, after reaching the $0.11 bottom in March 2020, XRP eventually staged a recovery effort. The price later moved back above the 200WMA in January 2021, which led to a strong rally that pushed the asset up to $1.96 by April 2021.
Is This a Buying Opportunity?
If no major external shock occurs, XRP could follow the 2022 pattern, where it formed a bottom within a few weeks after falling below the 200WMA.
However, history shows that reaching a bottom does not mean a new bull run will begin immediately. In the 2022 cycle, XRP still spent nearly two years moving around the 200WMA, struggling to stay above it before finally breaking out.
For now, even if XRP finds a bottom soon, the market may only see short-term relief rallies instead of a strong recovery. A longer period of sideways movement could come before any clear uptrend begins.
#CryptoNewsCommunity

#XRP recently posted the lowest monthly Relative Strength Index (RSI) reading in its entire history amid the steep June 2026 price crash.
Specifically, in June 2026, XRP’s monthly RSI closed at 40.59 after the price dropped by 21.97% during the month. This decline marked XRP’s biggest monthly loss since February 2025 and showed how strong the recent downward pressure has been.
The RSI level of 40.59 is especially important because it marks XRP’s steepest ever monthly reading, even lower than what XRP recorded during major bearish periods, including the COVID crash in March 2020 and the Terra ecosystem collapse in May 2022.
Interestingly, XRP has managed to stay above the pivotal $1 price level despite the deeply oversold RSI. Notably, the price closed June at $1.03. So far in July 2026, XRP has seen a slight bounce to $1.05, but the RSI remains weak at 40.97 at press time. This suggests that while the price has stabilized a bit, momentum is still low.
When XRP RSI Floor Came Before Upward Rallies
Historical data shows that when XRP’s monthly RSI falls to such low levels, it often indicates that the market is close to the cycle bottom or a rebound may be imminent.
For instance, in October 2024, XRP dropped by 16.74%, which pushed the Relative Strength Index down from 52.57 in the previous month to 48.27.
Soon after, the market turned upward in November 2024, triggered by strong bullish sentiment following Donald Trump’s election victory. XRP eventually climbed from $0.50 at the October close to a high of $3.4 by January 2025.
Another example comes from February 2017, when XRP declined by 12.28%, bringing the RSI down to 47.18. Although the cycle bottom had already formed at $0.0030 in January 2017, the drop in RSI still came just before a strong rally.
Starting in March 2017, XRP pushed higher and eventually reached $3.31 in January 2018. During this period, the price increased by more than 59,000%.
When XRP RSI Floor Marked Cycle Bottoms
In other cases, the steep RSI drop marked the cycle low. For instance, in June 2022, XRP fell by 21.01% during a wider market downturn caused by the Terra collapse in May 2022.
During that period, the RSI dropped to 43.91, which was its lowest level at the time. Interestingly, this RSI floor also coincided with XRP’s bottom of $0.28 in that same month.
Although a full recovery took nearly two years, the price never went below $0.28 after June 2022, with the market recording several short-term rallies before the stronger move in November 2024.
XRP Monthly RSI
In addition, XRP showed similar behavior during the COVID crash in March 2020. Notably, the price fell by 24.06% that month, coinciding with an RSI drop to 43.75.
Just like in June 2022, the RSI drop in March 2020 occurred alongside XRP’s cycle low of $0.1140 during that downturn. In the months that followed, the market gradually improved, leading to a peak of $1.96 by April 2021.
XRP Now Deeply Oversold
Now, with the RSI at 40.59 in June 2026, XRP is again in a zone that has often appeared near major turning points. The recent June 2026 low of $1.0079 could mark the bottom of the current downtrend, or the RSI floor could mean that a recovery may begin soon.
Another momentum indicator confirms XRP’s oversold position. Notably, the Commodity Channel Index (CCI) dropped to -134.61 in June 2026, its lowest level since the COVID crash in March 2020, about six years ago.
What stands out is that XRP has reached these levels while still holding above $1. If past patterns play out again, this could set the stage for a recovery. Such a move could even push XRP toward a new all-time high.
That said, the broader market still looks weak, and this could delay any recovery. While history suggests that very low RSI levels often come before a rebound, it is still unclear when the move might begin.
#CryptoNewss

The stablecoin market on the #Cardano network recorded a double-digit increase over the past week, pushing its valuation above the $60 million mark.
According to data from DeFiLlama, Cardano’s stablecoin market cap climbed to $60.39 million, representing a 14.67% increase over the past seven days. The rise marks one of the strongest short-term expansions in the network’s stablecoin sector in recent months and signals increasing participation in Cardano’s decentralized finance ecosystem.
Cardano Stablecoin Market Cap Soars
USDCx Fuels Cardano Stablecoin Valuation
The surge came only days after an unidentified user bridged more than $10 million worth of USDCx onto the Cardano blockchain. Several ecosystem participants highlighted the transaction, including Cardano DeFi aggregator DEX Hunter.
Meanwhile, additional USDCx tokens have continued to enter circulation on Cardano. Data shared by SNEK co-founder Rami indicates that roughly $4.5 million worth of USDCx was minted on the network within two days, further strengthening stablecoin liquidity. As a result, the fresh capital inflow has deepened liquidity across the ecosystem.
USDCx, the Circle-backed stablecoin introduced to Cardano earlier this year, has quickly established itself as the dominant stable asset on the network.
Currently, USDCx commands a market share of 59.38%, accounting for $35.85 million of Cardano’s total $60.39 million stablecoin market cap. The rapid growth highlights increasing adoption of the asset as users seek seamless access to cross-chain liquidity within the ecosystem.
Stablecoin Growth Supports Total Value Locked
The rise in stablecoin liquidity also lifted Cardano’s total value locked (TVL), which climbed to approximately $82 million earlier this week before retreating to around $75 million following the latest decline in ADA’s price.
Despite the pullback, analysts believe the recent increase in stablecoin reserves provides a stronger foundation for future DeFi expansion on the network. Cardano research analyst Dr. Cuadrado believes the recent influx of stablecoin liquidity marks the beginning of a major growth phase for the ecosystem.
According to him, the most explosive stage of the current bull market could begin once Cardano’s stablecoin market cap surpasses its total value locked. He argued that such a development would signal the presence of excess liquidity waiting to be deployed across decentralized applications.
In his view, higher stablecoin reserves would lead to deeper liquidity pools, increased borrowing and lending activity, larger trading volumes, and more attractive yield opportunities across the network.
ADA Remains Under Pressure Despite Improving Fundamentals
Meanwhile, ADA continues to face bearish pressure despite the improvement in on-chain metrics. The asset has gradually slipped down the global cryptocurrency rankings and currently stands as the world’s 18th-largest crypto by market cap.
At press time, ADA had a market valuation of $5.53 billion and traded at $0.1519 per token, representing a 35.43% decrease over the past month.
#CryptoNewsFlash

#XRP is approaching a critical turning point as technical indicators and on-chain data send mixed signals.
Several chart patterns suggest a short-term rebound may be forming. However, continued whale selling and a key support test indicate volatility could remain high in the days ahead.
Technical Indicators Suggest a Short-Term Rebound
XRP has flashed two bullish signals on the daily chart. The first is the Tom DeMark Sequential buy signal, which has printed a “9” candlestick. Historically, this pattern has preceded one to four days of relief rallies after extended selling pressure.
XRP has also formed a Morning Star Doji pattern over the past three daily sessions. This candlestick formation is a sign that bearish momentum is fading and a local bottom may be developing.
If buying volume strengthens, XRP could rebound toward $1.27. A move to around $1.35 is also possible.
Rising Network Activity Supports the Bullish Case
On-chain data from Santiment also points to improving network activity. Daily active XRP addresses have increased sharply over the past two weeks. The number rose from about 23,000 on June 14 to nearly 40,000 by June 28. That represents an increase of roughly 50%.
Notably, the rise suggests more users are interacting with the XRP Ledger. Higher address activity is a sign of improving network health and can sometimes precede stronger trading interest.
Whale Selling Remains a Headwind
Despite the increase in network activity, large XRP holders continue to reduce their positions. Santiment reported on June 19 that whales sold more than 30 million XRP over a five-day period.
The firm suggested the recent rise in active addresses may partly reflect whales moving tokens to exchanges rather than broad retail participation. If whale selling continues, it could offset the bullish technical signals and keep pressure on the price.
$1.06 Becomes the Key Level to Watch
On-chain data from Glassnode identifies $1.06 as XRP’s most important support level. According to the firm’s UTXO Realized Price Distribution (URPD) data, more than 830 million XRP previously changed hands at this price. That makes it a significant area where buyers may try to defend the market.
If XRP stays above $1.06, the recent buy signals could gain confirmation. That could open the door to a move toward $1.27 and possibly $1.35.
However, a daily close below $1.06 could trigger a deeper correction. The next major support levels are around $0.80, $0.62, and $0.51, where large amounts of XRP were previously traded.
BITSTAMP:XRPUSD Chart
Channel Resistance Keeps Bears in Play
The broader technical picture remains cautious. XRP recently hit resistance at the upper boundary of its trading channel. It has since started moving back toward the middle of the channel.
That area overlaps with the $0.70-$0.80 support zone, making it another important level if $1.06 fails to hold.
#CryptonewswithJack