Why is the Ripple (XRP) Price Down This Week? (June 4)

Bitcoin’s 200-week moving average, sitting at around $61,700, is the line the market is watching most closely right now. That level has marked the bottom of every major Bitcoin bear cycle going back to 2015, and it held again this week — at least for now. Related Reading: XRP Already Powers Real Banking Activity, Says Evernorth, With More Growth Expected A Classic Bottom Signal — Or Just A Pause? The selloff dragged Bitcoin down to around $61,300 before buyers pushed the price back up past $64,750, a recovery of more than 5%. Reports say the rebound came alongside news that Israel and Lebanon had agreed to a ceasefire, though the price action itself was already being shaped by a massive liquidation event. Over $740 million in BTC positions were wiped out in a 24-hour window, according to data from CoinGlass. Long traders took the bulk of the hit, with more than $623 million in bullish bets liquidated as the price fell. Bear Flag Still Looms Bitcoin’s weekly chart shows a bear flag brea

XRPL builder Mr. Cauliman rejects XRP price predictions, saying his focus on House of Cauliman projects shows long-term conviction.

Hyperliquid price has retreated from its record high after BitMEX co-founder Arthur Hayes liquidated his entire HYPE holdings, triggering profit-taking across the market and raising questions about whether key support levels can withstand mounting selling pressure. According to data from…

PI crashed 10% this week. Will the key support hold? PI Network (PI) Price Predictions: Analysis Key support levels: $0.13, $0.10 Key resistance levels: $0.16, $0.20 Market Crash Sends PI to Key Support This week, PI set a new record low after crashing by 10%. This has driven the price to the $0.13 key support […]

The XRP price performance over the years has been stunted by a number of factors, with the major one being the legal battle with the United States Securities and Exchange Commission (SEC). Nevertheless, the community seems to have maintained its optimism, with many predicting that the altcoin is set to hit double-digits in the near future. The target has continued to expand in recent years, and one analyst’s forecast suggests that hitting $10 might only be the start of a major repricing for XRP. How The XRP Gains Could Be Multiplied Like The 2017-2018 Cycle The current XRP price trajectory could be following the same trend as the altcoin did back in 2017, and this could have significant implications for the cryptocurrency. As crypto analyst Future XRP on X (formerly Twitter) explained, a repeat of the 2017 rally would mean that a rally to the double-digit $10 could only be a start. Related Reading: Bitcoin Is Still Following This Descending Channel Pattern And The Endgame Shows The Bot

XRP trades near $1.18 after a 5.56% drop as whale selling, ETF outflows and weak technical signals put $1.10 and $0.84 in focus for traders.

Ethereum price trades near $1,778 after a 5% drop as RSI turns oversold, $1,825 fails and analysts watch $1,700 and $1,500 as next support levels.

The XRP ETFs were in the red as well yesterday for the first time in over a month.