Track market-moving stories before they get noisy

US S&P Global PMI expected to show steady business growth in July

Cryptocurrency analyst EGRAG Crypto has shared a fresh perspective on XRP’s long-term technical outlook, posting a chart that removes candlestick fluctuations to focus on major historical market structures. EGRAG Crypto is widely followed for technical insights and has a notable presence on X, the social media platform formerly known as Twitter.

Key indicators shape XRP’s outlookIn his recent analysis, EGRAG highlighted the 44-week moving average (44 WMA) and the Bull Market Support Band as crucial indicators closely tracking XRP’s major market bottoms in previous cycles. The analyst stated that filtering out short-term price swings allows clearer visibility of recurring patterns, which may hint at XRP’s current placement within the broader market cycle.

EGRAG explained that by observing the asset’s long-term interaction with these support levels, traders and investors can better understand the potential evolution of price movements without being distracted by daily volatility. He believes this approach underscores the significance of historical precedent in technical analysis for cryptocurrencies such as XRP, the digital asset designed for use in global payment settlements by Ripple Labs.

The chart emphasizes how XRP’s behavior around the 44 WMA and Bull Market Support Band has previously coincided with double bottom and triple bottom formations, often seen ahead of long-term price advances.

The chart also features a rising yellow trendline, which EGRAG described as a foundational level of technical support that has remained relevant across several different bull and bear market cycles.

Mini dictionary: 44-week moving average (44 WMA), a technical indicator that averages an asset’s closing prices over the past 44 weeks to identify long-term trends and support/resistance levels.

Historical market formations and current scenariosEGRAG referred to multiple bottoming patterns, including double bottom with higher low, triple bottom with higher low, and other variations that have marked the end of previous XRP downturns. The analyst now sees the potential for another historical setup as XRP’s price action appears to be aligning with these long-term trends.

He described two possible scenarios: the first is a double bottom with a lower low developing around December 2026, which would see XRP retesting previous lows before a reversal; the second scenario involves a double bottom with a higher low near July 2027, with XRP maintaining stronger support above prior lows, suggesting increased market resilience.

ScenarioTimeframeBottom StructureSupport LevelScenario 1December 2026Double bottom (lower low)Retests previous lowsScenario 2July 2027Double bottom (higher low)Holds above previous lowsA third possibility, though less direct according to the analyst, would be the formation of an extended triple bottom at a price level higher than previous cycle lows. EGRAG emphasized that the rising yellow trendline offers a critical technical reference, serving as a consistent support level even as price volatility continues.

EGRAG noted that ongoing interaction with the 44 WMA, Bull Market Support Band, and the rising trendline will help clarify which scenario emerges as XRP develops through the current and coming cycles.

Approach and additional insightsEGRAG stated that this stripped-down charting method avoids noisy price data and instead centers on trend confirmation and repeat historical patterns. The analyst refrained from offering a specific target for XRP, instead favoring a scenario-based outlook guided by significant technical levels and the lessons of past market cycles.

He explained that investors should remain watchful of long-standing support structures, as these may continue to shape price action through 2027. EGRAG advised followers to revisit major technical inflection points, particularly as XRP navigates the latter half of the current cycle.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

The US Bureau of Labor Statistics (BLS) will publish the June Consumer Price Index (CPI) data on Tuesday. The report is expected to show a decline in consumer inflation, driven by the easing of crude Oil prices following the ceasefire announcement between the United States (USD) and Iran.

The monthly CPI is forecast to decline by 0.1%, following the 0.5% increase recorded in May, while the annual reading is seen retreating to 3.8% from 4.2% reported in the previous month, which marked the highest level since May 2023. Core CPI figures, which exclude volatile food and energy prices, are expected to post an increase of 0.2% and 2.9%, on a monthly and yearly basis, respectively, steadying compared with May.

Following a nearly 17% drop in May, Crude Oil prices declined by more than 20% in June and came back to pre-war levels, as investors cheered news of the US and Iran reaching a ceasefire on June 17 to start negotiations to bring an end to the conflict. As a result, a retreat in the monthly CPI print should not come as a surprise.

Previewing the inflation data, 

“June CPI likely showed inflation remained contained, with core up 0.20% m/m. Soft goods prices and further shelter normalization should keep underlying inflation steady, though this year’s Oil shock may continue to lift airfares. Risks to our forecast look more balanced than in recent reports. We expect headline CPI fell 0.22% m/m, led by a 10% drop in gasoline prices,” said TD Securities analysts.

What to Expect in the Next CPI Data Report?Although CPI figures for June could confirm that falling Oil prices helped inflation ease, investors could overlook this development. Since the beginning of July, Oil prices have edged higher again as the US and Iran started exchanging strikes, risking the sustainability of the fragile ceasefire and reviving concerns over progress in inflation slowing down. 

In addition, market participants are increasingly worried about the potential inflationary effect of the artificial intelligence (AI) boom. The massive capital wave flowing into AI infrastructure, rising industrial electricity costs, and notable price premiums on tech hardware and LLM software subscriptions could keep core services and goods inflation elevated and put pressure on consumers.

In a recently published study, the Fed pointed out that the “Computer Software and Accessories” category of the Personal Consumption Expenditures (PCE) Price Index, which is not publicly accessible, “had been falling over the past 25 years at an average annualized rate of 5.3%,” but rose at a record pace of “73% annualized increase from November 2025 through March 2026.”

Hence, even if there is a monthly decline in the CPI, as expected, investors might not see it as a convincing sign that could derail the Fed from potentially tightening the policy later in the year.

According to the CME FedWatch Tool, markets currently see about a 30% probability of a 25 basis points (bps) interest rate hike in July and price in around a 77% chance that the US central bank will raise rates at least once by the end of the year.

Source: CME GroupHow Could the US Consumer Price Index Report Affect EUR/USD?If the monthly CPI surprises to the upside and posts a positive reading, investors could reassess the odds of a July rate hike with the immediate reaction and boost the US Dollar. 

In this scenario, EUR/USD could come under renewed bearish pressure. Conversely, a bigger decline in the monthly CPI, with a reading of at least -0.2%, could hurt the USD initially and help EUR/USD gain traction.

However, investors are unlikely to overreact to a single soft CPI print, given that Oil prices are rising again and growing doubts surrounding the impact of AI on inflation.

Eren Sengezer, European Session Lead Analyst, shares a brief technical outlook for EUR/USD:

“EUR/USD has managed to find a foothold after touching a fresh 12-month low below 1.1330 in Late June and has stabilized slightly above 1.1400 since. However, the Relative Strength Index (RSI) indicator on the daily chart is yet to climb above 50, and the pair is yet to flip the 20-day Simple Moving Average (SMA) into support, reflecting buyers’ hesitancy.”

“On the upside, 1.1500 (round level, static level) aligns as an interim resistance level for the pair ahead of 1.1550-1.1555 (Upper arm of the Bollinger Band, 50-day SMA), 1.1600 (100-day SMA, descending trend line) and 1.1645 (200-day SMA). Looking south, the first support level could be spotted at 1.1350 (static level), followed by 1.1220 (static level, round level) and 1.1160 (static level).”

EUR/USD daily chart

Bitcoin has signaled a rebound after reacting strongly to the lower edge of its weekly Bollinger Bands. The cryptocurrency finding support in this area suggests that buyers are regaining their strength following several weeks of sluggish price action. However, ongoing short term volatility means a smooth upward trajectory should not be assumed just yet.

Bollinger Bands set the stage for the 70,000 dollar thresholdOn the weekly chart, Bitcoin’s lower Bollinger Band sits near 57,247 dollars. The swift turnaround from this zone indicates that downward pressure may have been contained for now. Technically, all eyes are now on the middle band at 69,892 dollars, which stands out as the next important level on the chart.

Mini dictionary: The Bollinger Band is a technical indicator that illustrates a price’s average pattern over a chosen period, together with the upper and lower boundaries that reflect volatility. The middle band usually shows the 20-period moving average, while the upper and lower bands set the boundaries for price swings.

A prominent analyst known as Sky noted that this price reaction could signal a bottom and suggested that the next target might hover around 70,000 dollars. Regaining this level would offer a stronger signal that buyers are reclaiming dominance over the market.

Sky believes the bounce from the weekly lower Bollinger Band has strengthened the case for a potential bottom, and says that if momentum continues, the 70,000 dollar region near the middle band could come back into play.

If Bitcoin clears the middle band near 69,892 dollars, the next major resistance will be the upper weekly Bollinger Band, which stands at 82,538 dollars. However, this bullish scenario would require not just a technical recovery but also strong momentum and broader market support.

Support and liquidity zones at 62,700 and 65,600 dollars could set the short term courseTurning to the short term outlook, analyst Kaz anticipates that Bitcoin may mount another move upwards before facing any deeper pullback. The first key support identified by Kaz is at 62,700 dollars, while the major liquidity target overhead sits at 65,600 dollars.

Kaz observes that while Bitcoin approached the 60,000 to 61,000 dollar range, it recovered before fully entering this support zone. According to the analyst, buyers stepped in sooner than expected, causing the price to bounce back toward 64,000 dollars without a direct test of the lower support area.

LevelSignificance62,700 dollarsKey short term support zone65,600 dollarsLiquidity region and possible rejection point60,500 dollarsPotential downside target for a pullbackKaz also notes that the 62,700 dollar level aligns with the monthly point of control and a fair value gap, underscoring its importance as a support area in the coming days. If the price holds above this threshold, new highs above 65,600 dollars could be within reach. Still, analysts caution that such a move alone may not yet confirm a lasting breakout.

Kaz views the 65,600 dollar region as both a zone of liquidity and possible rejection; their outlook expects a test of this level, potentially followed by renewed pressure down to 60,500 dollars.

In the current setup, the most probable scenario appears to be Bitcoin first defending 62,700 dollars as support, then heading towards 65,600 dollars. The strength of the price reaction at this level could determine whether the 70,000 dollar target remains viable or if sellers will try to regain control of the market.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

June Payrolls Forecast at 110K With Wage Growth Seen Ticking Higher

Institutional Legal Counsel of the Year is an award category within The BeInCrypto Institutional 100, an annual research-driven program recognising institutional digital asset excellence across 26 categories and six pillars. 

This category sits in Pillar 5: Regulation & Governance. The 15 law firms and attorneys below are its longlist, drawn from US crypto legal matters handled between April 2025 and March 2026.

A shortlist will be named in May 2026, and the winner announced at Proof of Talk in Paris on June 2–3, 2026.

• Longlist: 15 (8 firms, 7 individuals)

• Candidates screened: Screening started with more than 30 firms and individual attorneys. 15 advanced to this longlist

• Criteria (weighted): Landmark Contributions 30% · Client Impact 20% · Thought Leadership 20% · Industry Recognition 15% · Practice Breadth 15%

• Sources: Chambers FinTech 2026, PACER crypto dockets, congressional testimony transcripts, SEC and CFTC enforcement records, bankruptcy plan counsel disclosures

• Landmark matters represented: Ripple v. SEC (August 2025 settlement), Coinbase dismissal, FTX Chapter 11, BlockFi creditor recovery, SEC Dealer Rule constitutional challenge

Entry No.NomineeTypeBaseLandmark CaseKey CredentialsWhy on the List1Sullivan & CromwellFirmNew York, USAFTX bankruptcy lead counselChambers Band 2, Crypto-Asset Disputes$180M+ approved FTX fees

Led the largest crypto bankruptcy to dateHandled the industry’s most complex restructuring

2Davis Polk & WardwellFirmNew York, USABlock.one EOS securities settlementChambers Band 1 in Crypto and FinTech BlockchainRobert Cohen, former SEC Crypto Unit head

Only firm ranked Band 1 across both categoriesOne of the most established crypto practices in BigLaw

3Latham & WatkinsFirmLos Angeles, USAGlobal DeFi, DAO, and NFT defenseChambers Band 1, Crypto-Asset DisputesMulti-agency cases: SEC, CFTC, FinCEN, OFAC

Represents a large share of DeFi and DAO mandatesStrong cross-border execution across the US, EU, and Asia

4Debevoise & PlimptonFirmNew York, USARipple SEC defense (settled Aug 2025)Chambers Band 1, Crypto-Asset DisputesAndrew Ceresney, former SEC Enforcement Director

Played a central role in the Ripple litigationShaped treatment of secondary-market token sales

5Cleary GottliebFirmNew York, USAGarlinghouse & Larsen SEC defenseChambers Band 2, Crypto-Asset DisputesMatthew Solomon, former SEC litigation chief

Led the personal defense of Ripple executivesHandled a parallel case with major legal impact

6Fenwick & WestFirmMountain View, USACrypto SEC investigations and West Coast M&AChambers 2026: ranked in four FinTech categoriesMichael Dicke individually ranked in crypto disputes

Core legal partner to Silicon Valley crypto firmsBroad bench across crypto, fintech, and securities

7Cooley LLPFirmPalo Alto, USAEarly Bitcoin company advisoryChambers FinTech rankings across three categoriesBrian Klein, Band 1 in Crypto-Asset Disputes

Advised some of the earliest Bitcoin companiesContinues to counsel founders and venture funds

8Brown Rudnick (Digital Commerce)FirmBoston / DC, USAFTX Bahamas counsel; BlockFi recoveryChambers and Legal 500 ranked crypto practiceStephen Palley, Preston Byrne, and Hailey Lennon

Delivered full BlockFi creditor recoveryBuilt a leading crypto practice through key hires

9Paul GrewalIndividualSan Francisco, USACoinbase SEC case dismissal (2025)Chief Legal Officer, CoinbaseFormer US Magistrate Judge (N.D. California)

Led Coinbase’s successful SEC defenseKey voice in US crypto policy discussions

10Stuart AlderotyIndividualSan Francisco, USARipple summary judgment and Aug 2025 settlementChief Legal Officer, RipplePresident, National Cryptocurrency Association

Delivered a defining court outcome for cryptoNow leads major industry education efforts

11Lewis Rinaudo CohenIndividualNew York, USAUS Senate Banking testimony (Feb 2025)Co-Chair, CahillNXT at Cahill Gordon & ReindelChambers Band 1 blockchain lawyer

Testified before the US Senate on crypto regulationDeveloped the “ancillary asset” legal framework

12Miles JenningsIndividualUnited StatesSEC Task Force decentralization frameworkHead of Policy & General Counsel, a16z cryptoFormer Latham & Watkins partner

Authored a widely cited decentralization frameworkInfluences regulatory and industry positioning

13Jake ChervinskyIndividualWashington DC, USAHyperliquid Policy Center launchFounder & CEO, Hyperliquid Policy CenterFormer Blockchain Association policy head

Leads a DeFi-focused policy organizationActive in shaping US regulatory direction

14Amanda TuminelliIndividualNew York, USADeFi patent challengesExecutive Director & CLO, DeFi Education FundLed USPTO challenges and SEC litigation strategy

Challenged patents affecting core DeFi protocolsArchitect of pre-enforcement legal strategies

15Marisa Tashman CoppelIndividualUnited StatesSEC Dealer Rule lawsuitSenior Product Counsel, PhantomFormer Head of Legal, Blockchain Association

Led the industry challenge against SEC rulemakingHelped frame constitutional arguments for crypto

About This List This list is compiled by the BeInCrypto Research Division as part of the BeInCrypto Institutional 100 Awards 2026.

Nominees are selected based on the impact, influence, and industry-shaping significance of their legal work in digital assets. Regulators and government officials are evaluated separately in Category 5.5 (Regulatory Framework).

Methodology Rankings draw on Chambers FinTech 2026 tier assignments, landmark case outcomes, regulatory engagement (including Senate testimony, SEC filings, and amicus briefs), and the strategic significance of signature matters.

Individual roles and affiliations reflect public information as of April 2026, sourced from firm profiles, Bloomberg Markets, and official announcements.

To submit a nomination or share feedback, contact [email protected].

TL;DR

XRP Trapped Near $1.00: Record U.S. spot ETF inflows of $116.74 million fail to spark a rally, leaving XRP vulnerable to a drop toward $1.05 unless Washington's upcoming Senate vote on the CLARITY Act triggers a reversal.Bitcoin Eyes $91,150: Despite losing $1.26 billion in weekly ETF outflows, BTC successfully tested its middle Bollinger Band support at $75,029, setting up a potential squeeze toward the $91,150 zone as market dominance rises.Hyperliquid Flips Dogecoin: HYPE surged 46.68% to hit a $16.03 billion market cap, pushing DOGE to 10th place due to a massive $1.16 billion trading-fee buyback engine and aggressive institutional ETF inflows.Millions in ETFs are not saving XRP: Why the $1.05 level is working like a magnetWhile major funds are aggressively buying XRP ETFs in the United States, the token's price chart keeps pulling the price toward the psychological $1 mark. Behind the scenes, however, a powerful political trigger is building up, one that could finally break this bearish trend.

The anomaly of the current moment is most visible in how U.S. spot XRP ETFs recorded their largest capital inflow of 2026 as per SoSoValue, an impressive $116.74 million. Logically, this should have led to a rally, but instead the token's price has fallen by 0.16% since the start of May.

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Institutional millions simply dissolved in the broader skepticism of the crypto market, proving that ETFs alone are currently unable to push prices higher.

XRP price action in May 2026 with net US ETF inflows, Source: SoSoValueThis impotence of buyers is exactly what redirects attention to the weekly chart by TradingView, where a classic technical drama is unfolding. Every weekly close below the middle Bollinger Band cuts off the chances of a bullish comeback, turning the lower band at $1.0596 into an irresistible price magnet. In conditions where the market is moving by inertia, this pull makes a drop toward the round number the most likely scenario for the coming weeks.

The only thing capable of keeping XRP from falling toward $1 is Washington. The market is waiting for a full U.S. Senate vote on the CLARITY Act, which is expected in June, with potential approval by July 2026.

Earlier, XRP had already proven its sensitivity to regulatory news, becoming the top gainer after the successful Banking Committee vote of 15-9. But since that rally turned out to be short-lived, the token remains defenseless against broader market trends until June.

If Bitcoin declines, XRP will not hold its current positions and will head for a meeting with the $1.05 level.

Why Bitcoin is aiming for $91,150 despite altcoin panicAt the same time, amid a local flight from U.S. Bitcoin ETFs and tectonic changes in the Middle East, Bitcoin has entered maximum autonomy mode. While most altcoins are updating local lows, the main cryptocurrency is playing its own game on the weekly chart.

The successful test of the middle Bollinger Band around $75,029 did not simply save the market from panic. It kept alive the ambitious squeeze scenario toward the upper boundary of the indicator, in the $91,150 zone.

This technical strength looks especially paradoxical when looking behind the scenes of exchange order books. Right now, U.S. spot Bitcoin ETFs are recording their sixth consecutive day of net outflows, losing an impressive $1.26 billion over the week under pressure from sales in BlackRock's IBIT fund.

However, the market found the strength to absorb this massive supply overhang.

Bitcoin weekly price chart within Bollinger Bands, Source: TradingViewThe fact that BTC remained above the critical moving average turns ETF pessimism into a powerful contrarian signal. While retail investors panic-sell into cash, smart money is using the Bollinger Bands as a reinforced concrete slab for position accumulation.

At the same time, a harsh process of natural selection is starting in the crypto market. While Bitcoin withstands the storm, XRP and a group of leading altcoins are capitulating, breaking their 200-day supports in pairs against BTC. This divergence points to an inevitable liquidity flow and a rapid rise in Bitcoin dominance.

The catalyst for this separation is the changing macroeconomic background. Investors are beginning to realize that the nearly agreed peace deal in the Middle East is not just a local de-escalation, but a factor that changes the rules of the game. The oil market, which insiders had been shorting long before the official headlines, is already pricing in de-escalation.

But for this positive factor to turn into a sustainable rally in stock markets, the world needs official statements and, more importantly, a full unblocking of the Strait of Hormuz, which is restraining global inflation.

Buybacks and ETFs lift Hyperliquid above DogecoinHyperliquid's token, HYPE, has climbed to 9th place in the global cryptocurrency ranking by CoinMarketCap, pushing Dogecoin (DOGE) down to 10th. The historic reshuffling happened after HYPE broke above $63, hitting a $16.03 billion market cap against $15.95 billion for the memecoin leader.

This flip represents a clash of market philosophies: the speculative power of community versus strict mathematical tokenomics. While DOGE relies on retail loyalty and is consolidating near $0.103, HYPE deployed institutional capital and DeFi automation to soar 46.68% over the past seven days.

The main driver is Hyperliquid's unique DeFi flywheel. Unlike DOGE, which depends on external news triggers, HYPE is backed by continuous algorithmic buying pressure. Through its Assistance Fund, the protocol automatically directs 97% of all trading fees to buy back HYPE from the open market, a sum that has already crossed a colossal $1.16 billion.

Hyperlquid (HYPE) vs Dogecoin (DOGE) market cap dynamic since start of May 2026, Source: TradingViewThis internal demand coincided with aggressive supply absorption by trading firms (DATs). The PURR fund alone helped lock up roughly 10% of HYPE's market supply using TWAP algorithms. These players carry massive weight: PURR is armed with a $1 billion credit line, and its shares even replaced Solana and XRP ETFs on Goldman Sachs' balance sheet in Q1 2026.

This traditional finance expansion was cemented by newly launched spot ETFs from 21Shares and Bitwise, which pulled in $57 million in net inflows in a single week.

Nevertheless, it is too early to write off Dogecoin. It holds a trump card of inertial strength and whale support. While HYPE stormed all-time highs, large wallets holding 10M–100M DOGE accumulated over 525 million coins in a week, building a heavy price shield around $0.1.

Crypto market outlook: Bitcoin ignores panic ahead of Memorial DayBitcoin is holding above $77,000 after a V-shaped rebound from the $75,000 level. While retail investors panic over $1.26 billion in weekly ETF outflows, a process of natural selection has started in the market: capital is massively fleeing falling altcoins into BTC, accelerating its market dominance.

Key checkpoints:

Bitcoin price and on-chain: The local growth trigger is progress in diplomatic negotiations in the Middle East. While spot ETFs are applying selling pressure, strong hands are using the consolidation for aggressive position accumulation.American Reserve Modernization Act (ARMA): A major bipartisan bill on a strategic Bitcoin reserve under the U.S. Treasury has been submitted to the House of Representatives. Agencies will be required to transfer all seized coins into centralized custody for at least 20 years. BTC sales will be allowed only to repay government debt.Institutional inflows: The capital rotation is confirmed by first-quarter reports. Bank of America, the second-largest bank in the United States, increased its stake in the IBIT fund to $37 million while liquidating positions in ETH and Solana.Macro shock on May 28: The main focus of the week is the release of April Core PCE. Against the backdrop of cheaper oil, markets are waiting for softer Fed rhetoric. A short-term pause in liquidity will come from Memorial Day in the United States on May 25, when U.S. exchanges and ETF trading will be fully closed. You Might Also Like

Bitcoin’s recent price action suggests the market is approaching an important decision zone where multiple technical and on-chain support levels converge. This raises the possibility of a short-term bullish reaction before the market determines its next larger directional move.

The behavior around the $74K-$75K support and deeper demand regions will likely shape Bitcoin’s medium-term outlook.

Bitcoin Price Analysis: The Daily Chart On the daily timeframe, BTC continues to trade below the descending 200-day MA near $80K, struggling to build bullish momentum. Following rejection from the $82K resistance area, sellers pushed the market back toward the first major support zone at $74K-$75K.

This region is especially important because it aligns with prior demand and recent local lows, and it sits above the 100-day MA near $73K. Historically, overlapping support levels often generate temporary stabilization or corrective rebounds.

The immediate scenario favors a pullback toward the $74K-$75K demand zone. If buyers defend this region successfully, Bitcoin may attempt another corrective move toward $78K-$80K. However, losing the $74K support could expose the next key level around $70K-$71K, followed by the stronger structural support near $65K-$66K.

At this stage, price remains in correction mode rather than a confirmed trend reversal.

Source: TradingView BTC/USDT 4-Hour Chart The lower timeframe highlights increasing indecision near support. Bitcoin recently reacted positively from the $74K-$75K order block and briefly recovered toward $77K, suggesting buyers remain active around this area.

Still, bullish momentum has remained weak, with rebounds repeatedly failing to reclaim higher resistance levels. This indicates that current upward movements may represent temporary relief rallies rather than renewed trend continuation.

The short-term support sits at $74K-$75K. Holding above this zone could encourage another recovery attempt toward the $78K-$80K region. Conversely, a confirmed breakdown below $74K may accelerate selling toward the next major demand area around $70K-$71K.

Therefore, the reaction at current support levels remains critical to determining whether Bitcoin enters a stabilization phase or another bearish leg.

Source: TradingView On-Chain Analysis The UTXO Realized Price Bands provide additional context by tracking the average acquisition cost of different investor cohorts. These levels often serve as psychological support or resistance because they indicate where holders become profitable or begin to experience losses.

Currently, the realized price for the 1M–3M cohort sits near $70K, while the 18M–2Y cohort remains around $63K. Meanwhile, longer-term holders between 12M–18M and 3M–6M maintain realized prices closer to the $90K region.

The significance lies in the confluence between technical supports and realized price bands. Bitcoin’s first major support zone around $ 70K–$71 K aligns closely with the realized price of younger holders (1M–3M), strengthening the likelihood of demand emerging in this area.

A deeper decline toward $63K-$65K would also coincide with the realized price of longer-term cohorts around $63K, alongside an important historical support zone visible on the daily chart.

This suggests that if Bitcoin continues correcting, support levels at $74K-$75K, $70K-$71K, and eventually $63K-$65K may attract increasing buying activity. The market’s reaction around these zones will likely determine whether the current pullback evolves into accumulation or transitions into a broader bearish continuation.

For now, the data point to short-term support potential rather than an immediate trend recovery.

Source: CryptoQuant Tags:

XRP faces a three-way test this week. An XRPL pilot in Uganda just launched, Binance spot liquidity hit a January 2020 low, and the daily chart now compresses inside a tightening symmetrical triangle near key support.

The altcoin traded near $1.33 on May 26, down 2.1% on the day. Price now tests the lower trendline of a symmetrical triangle, where adoption news and weakening market structure collide.

Uganda Pilot Pushes XRPL Into Genomic IdentityDNA Protocol confirmed on Tuesday that its Uganda pilots process genomic identity data from certified labs. The system generates zero-knowledge proofs and anchors them on the XRP Ledger Testnet.

DNA Protocol positions the design as a privacy-preserving way to validate genetic credentials without exposing the raw data. Uganda’s pilot routes lab outputs into proofs that any verifier can check on XRPL Testnet, the team said.

Uganda is now running pilot programs through DNA Protocol, processing genomic identity data from certified labs and generating zero-knowledge proofs anchored on the #XRPL Testnet. 🇺🇬

Mainnet deployment will utilize the $XDNA $XRP dual burn mechanism.

For further information on… pic.twitter.com/bUfh3SsPOq

— DNA Protocol (@DNAOnChain) May 26, 2026 Mainnet deployment will run through a dual burn mechanism between XDNA and XRP, the project said on X. The XDNA token serves as the native unit for protocol fees, and the dual burn ties it directly to XRP supply mechanics.

The pilot aligns with a wider push to position the XRP Ledger as institutional infrastructure. Earlier work on institutional XRPL privacy already brought zero-knowledge payment rails to the testnet for developers.

Binance XRP Liquidity Sinks to a Five-Year LowThe 30-day liquidity index for XRP on Binance fell to roughly 0.043, according to CryptoQuant data. That marks the lowest reading since January 2020 and reflects a sharp drop in market depth on the exchange.

Between 2022 and 2024, the same index frequently ran above 3, and at times above 4. Heavier trading flows during that stretch coincided with the previous bull cycle and stronger speculative interest in XRP.

The drop toward zero began in early 2025 and has held for months. That trend parallels broader XRP liquidity concentration risks across major venues.

XRP’s price also reached new highs in 2025, while liquidity had already trended toward the floor. That divergence often precedes wider price swings once trading flows return.

CryptoQuant noted that thin order books amplify the impact of large orders. Periods of thin liquidity often coincide with sharper intraday wicks and weaker support absorption.

“Liquidity at these low levels could make the market more sensitive to sudden price movements, as large orders may have a greater impact on price.”

XRP Binance liquidity / Source: CryptoQuantTriangle Compression Tilts Bearish Near $1.17 SupportThe XRP/USDT daily chart on Binance shows a symmetrical triangle pattern that has guided price action since February 6. The upper trendline descends from a $1.70 swing high, and the lower trendline rises off the $1.17 February low.

Both bounds match Fibonacci retracements from the prior leg. The $1.7045 level marks the 0.618 retracement, while $1.1729 sits at the 0.786 retracement.

Price has just broken under the $1.40 zone that held since March. It now presses the lower triangle trendline near $1.33.

XRP daily chart / Source: TradingViewThe Relative Strength Index sits in the mid-30s to low-40s, signaling fading momentum without oversold readings. Bollinger Band Width Percentile prints near multi-year lows, confirming the XRP volatility squeeze flagged in earlier sessions.

Daily volume has remained subdued during the recent slide. No clear capitulation candle has printed on the move below the $1.40 zone.

The current lean tilts breakout odds toward the downside. A confirmed daily close below $1.17 would open the path toward deeper retracement levels.

What to Watch Next for XRPThe setup combines drained liquidity, a coiled chart, and a fresh utility hook into a single decision point. Whether the Uganda pilot translates into network demand or the triangle breaks lower may shape the next leg.

The XRP May trajectory is likely to pivot on the next confirmed close above $1.40 or below $1.17.

Gold Price is Turning Bearish Fast as Key Support Above $4,300 is Tested

According to historical data, the price of Bitcoin has never posted three consecutive months of positive performance in a bear-market year. This trend is about to continue in 2026, with May looking likely to end in the red for BTC after optimistic performances in March and April, and at the start of this month. Recent on-chain data suggests that short-term investors may also be capitulating amid Bitcoin’s disappointing price action over the past few weeks.

Are BTC’s Short-Term Investors Losing Conviction? In a Quicktake post on the CryptoQuant platform, market analyst RugaResearch revealed that a specific cohort of Bitcoin investors moved a significant amount of BTC in the past day. This set of investors is known as the short-term holders, who are famous (or infamous) for being the most reactive in the market.

Specifically, RugaResearch reported that 107,760 BTC within the 1-month to 3-month Spent Output Age Band moved in a single day, the largest value on-chain movement (within this age band) in more than seven months. For context, the Spent Output Age Bands is an on-chain indicator that segments spent transaction outputs into age brackets, showing the proportion of total coins moved and how long they were inactive.

Source: CryptoQuant The 1- to 3-month Spent Output Age Band tracks Bitcoin purchased between late February and late April (from the beginning of BTC’s recovery to around $80,000 last month). RugaResearch said that when this age band witnesses an aggressive move, like the one recently seen, it means that the most recent investors are reacting rather than accumulating.

The crypto pundit spotlighted that the movement of these 107,760 BTC while the Bitcoin price is sub-$74,000 means that a significant portion of the 1-month to 3-month Spent Output Age Band is out of the money — or near breakeven, at best. While it remains to be seen why this move occurred, this shake-up does not suggest conviction among the most reactive set of investors.

RugaResearch wrote:

Exchange inflows tell you if these coins are heading to sell. If they land on exchanges, this flush has legs. If they’re moving to cold storage or OTC desks, it’s redistribution under pressure.

Hence, centralized exchanges’ data is one of the signals to watch in the coming days to decipher the purpose of this move.

Bitcoin Price Momentum Stays Negative For Eight Days At the same time, RugaResearch revealed a worrying trend with the Bitcoin Price Momentum indicator, which has stayed negative since May 22nd. After rising to a nearly one-year high of +20.5% on May 5th, the on-chain metric dropped by 12.9 percentage points about ten days later.

Source: CryptoQuant After flipping to negative a little over a week ago, the Bitcoin Price Momentum currently sits at 4.07%. “When 1m-3m spent output spikes 6.7x overnight while momentum bleeds for 8 straight days, the positioning game shifts,” the market analyst concluded.

As of this writing, the price of BTC stands at around $73,410, reflecting a mere 0.4% dip in the past 24 hours.

The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView Featured image from iStock, chart from TradingView

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TLDR Solana price moved into the weekly lower Bollinger Band after a sharp decline in recent sessions. Analysts identified the $58 to $67 range as a key support zone based on previous price reactions. Trading volume increased during the sell-off, showing strong market participation at lower levels. Solana price remains below key moving averages, including the 8-week, 34-week, and 50-week levels. One analyst stated that Solana could retest support before attempting a recovery toward $120 to $175. Solana price dropped toward a key support area after a sharp weekly decline. The asset approached its lower Bollinger Band while nearing a defined buy zone. Analysts now outline downside risk and a possible rebound range later this year.

Solana Price Tests Lower Band as Selling Pressure Builds Solana price moved into the weekly lower Bollinger Band near $67 after recent losses. The drop followed a strong sell-off that pushed the price close to $68.

Cheds Trading stated, “SOL has reached the lower Bollinger Band on the weekly timeframe.” He added that this level often signals oversold conditions or continued downside pressure.

The Bollinger Band tracks volatility using standard deviations around a moving average. Therefore, the price in the lower band reflects stretched selling conditions in many cases.

However, strong downtrends can keep prices near the lower band for extended periods. As a result, traders monitor whether the price stabilizes or continues downward movement.

Solana price also trades below key moving averages across multiple timeframes. These include the 8-week, 34-week, and 50-week averages, which now act as resistance.

The 200-week moving average remains near $100, well above current price levels. This gap highlights the scale of the recent decline.

Trading volume increased during the latest drop, showing active market participation. Therefore, the $67 level now serves as a near-term reference point for price direction.

Analysts Identify $58-$67 Support Range for Recovery Setup Another analyst outlined a defined support zone between $58 and $67 based on past price action. This range aligns with earlier monthly wick areas that triggered strong reactions.

Jack Adams said, “SOL could revisit this range before attempting a recovery higher.” He suggested the move may occur quickly rather than through gradual decline.

I am almost certain $SOL is heading back it retest $67-58 once more before reversing into $120-$175 this year.

Based on the SOL/BTC & ETH charts this should be over and done with quick rather than a slow bleed in regards to the buy zone.

Marking out previous monthly wicks &… pic.twitter.com/nbNXm2tLge

— Jack Adams (@JackAdams66) June 3, 2026

Solana price currently trades near $72.61, placing the support zone within close reach. Therefore, traders expect a possible retest before any upward movement.

The chart also shows resistance at the 14-week EMA near $87.70. A break above this level could indicate weakening selling pressure.

Adams identified a potential recovery range between $120 and $175 if support holds. However, he warned that a breakdown below $58 would weaken this outlook.

He added that price behavior on SOL/BTC and ETH pairs supports the retest scenario. These structures suggest a final move lower before any reversal attempt.

The identified buy zone remains tied to historical reaction points in previous cycles. Therefore, price action within this range may guide the next directional move.

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

The XRP token is stuck dangerously close to losing its key status as a $1 altcoin as the current monthly XRP/USD chart by TradingView shows that the coin has exactly 15% left to fall before testing the lower boundary of the Bollinger Bands.

The situation is becoming more dangerous because the current price slide is taking place against the backdrop of a sharp compression in the Bollinger range itself. Historically, this has signaled not just a prolonged flat market, but a powerful impulsive breakout that could decide the fate of the $1 level for the coming years.

XRP bears eye $0.93 after losing key Bollinger supportAs of today, XRP is trading at $1.1233, showing a 15.62% decline for the current monthly period. The chart clearly shows that after breaking below the Bollinger Bands' middle line, the 20-period moving average at $2.0620, it's the lower band of the indicator at $0.9306 that now acts as the prime target.

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This gap to the lower band coincides with a large cluster of stop-losses on leveraged long positions, according to CoinGlass data, and their triggering could launch a cascade of automatic liquidations as XRP approaches the psychological threshold.

Monthly XRP price chart with Bollinger Bands, Source: TradingViewXRP's current weakness clearly shows that the presence of spot US XRP ETFs is doing nothing to stop the token's prolonged decline. Although institutional funds are holding cumulative inflows at $1.43 billion and are even selectively buying the dips, these modest injections are being completely absorbed by the broader collapse in market trading activity.

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The external backdrop is making the situation worse, as the expected June 12 listing of SpaceX shares has generated massive excitement and pulled the attention of global capital toward itself. While ETF structures passively hold their positions, the retail market simply cannot find the strength or volume to resist the bearish trend.

If institutional "whales" do not activate their dormant limit orders near the historical support level of $0.9306, a breakdown below the lower Bollinger Band will finally lock XRP below the dollar range for the rest of the summer.

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As the January 15 markup of the crypto market structure bill—known as the CLARITY Act—draws closer, reports indicate that Coinbase (COIN) is reconsidering its support for the legislation. 

A Monday report from Bloomberg suggests this shift in position is contingent on whether the anticipated bill includes provisions beyond enhanced disclosure requirements tied to stablecoin rewards.

High Stakes For Coinbase The CLARITY Act is expected to be marked up in at least one Senate committee this Thursday, and Coinbase’s potential withdrawal could have significant implications for the bill. 

A source familiar with Coinbase’s stance told Bloomberg that the exchange would re-evaluate its support if the legislation veers too far from its interests, particularly regarding stablecoin incentives.

Some insiders suggest the bill might restrict the ability to provide rewards to regulated financial institutions, a move that aligns with the banking sector’s concerns about losing deposits to crypto platforms.

Coinbase currently holds applications for a national trust charter that could permit it to offer those kinds of rewards under regulatory rules. However, many crypto-native firms are pushing back against potential restrictions, arguing that such measures could disrupt competition in the market.

The stakes for Coinbase are high, as rewards programs play a crucial role in its business model. The exchange allows users to earn 3.5% rewards on Circle’s USDC holdings. 

Should the market-structure bill include bans on these incentives, fewer users might choose to hold stablecoins on the platform. This could jeopardize an anticipated revenue stream projected at $1.3 billion in 2025, according to Bloomberg.

Banking Vs. Crypto The GENIUS Act, passed into law in July of last year, prohibits stablecoin issuers from offering interest on token holdings, and does not prevent third-party partners like Coinbase from providing rewards tied to customer balances. 

The banking industry, however, argues that allowing exchanges to pay such rewards could negatively impact bank deposits and, consequently, community lending. 

As reported by Bitcoinist over the past month, the American Bankers Association (ABA) has voiced concerns that this situation could displace “billions” from local lending, allegedly harming small businesses and households.

In contrast, Faryar Shirzad, Coinbase’s chief policy officer, has argued that maintaining rewards tied to stablecoins is crucial for preserving the dollar’s dominance, especially in light of China’s announcement to start offering interest on its digital yuan.

Banking Lobby Fights Back A potential compromise being discussed would permit only licensed banking entities or financial institutions to provide rewards on stablecoin balances. 

Recently, five crypto firms, including Ripple, Circle, and Paxos, received conditional approvals from the US Office of the Comptroller of the Currency (OCC) to become national trust banks, a move met with opposition from the banking lobby. 

If restrictions are indeed imposed, the report suggests that this could lead to creative workarounds as crypto firms seek alternative ways to reward customers. 

The 1-D chart shows the exchange’s stock, COIN, surging 4% on Monday towards $245. Source: COIN on TradingView.com Featured image from DALL-E, chart from TradingView.com

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