Mixed Signals in Crypto Market as XRP and Ethereum Face Downward Pressure

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

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XRP Network Growth: XRP's daily transactions surged by 35.3% to 2.48 million, indicating strong network demand; however, the token price fell by 27.1% to $1.34, reducing its market cap to $82.21 billion, reflecting weak market momentum.
Ethereum Price Prediction: As Ethereum enters June, historically its weakest month, it trades at $1,977, marking the first time below $2,000 since 2023; technical charts indicate heavy selling pressure, with a potential drop to $1,750 if it breaks below the $1,936 support level, suggesting a challenging recovery ahead.
BlockDAG Sales Opportunity: The BlockDAG Legacy Sale is live, with tokens priced at just $0.00000044 and a buyback mechanism set at $0.001, providing a transparent and structured entry point that has garnered investor interest.
Transparency in Market Participation: BlockDAG offers full proof of funds and a clear buyback program, ensuring investors can verify the project's credibility before committing, which enhances its competitive edge in the current market landscape.

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Technical Analysis for XRP

Technical Sentiment Analysis for XRP (XRP). As of , XRP (XRP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 5 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

XRP (XRP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.913	1.024	1.144	1.255	1.375	1.486	1.606
Fibonacci	1.024	1.112	1.167	1.255	1.343	1.398	1.486

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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