The intensified blockade heightens geopolitical tensions, disrupts global oil 
trade, and pressures Iran&#8217;s economy, impacting global markets.
The post US tightens Strait of Hormuz blockade, impacting Iran oil exports 
appeared first on Crypto Briefing.

US tightens Strait of Hormuz blockade, impacting Iran oil exports

China&#8217;s move against US sanctions may heighten geopolitical tensions, 
potentially destabilizing global oil markets and affecting supply chains.
The post China blocks US sanctions on refineries, impacting oil market 
dynamics appeared first on Crypto Briefing.

China blocks US sanctions on refineries, impacting oil market dynamics

The incident highlights the complex interplay between media influence and 
political pressures, reflecting heightened tensions in U.S. politics.
The post Melania Trump calls for Jimmy Kimmel&#8217;s firing amid media controversy 
appeared first on Crypto Briefing.

Melania Trump calls for Jimmy Kimmel’s firing amid media controversy

Market expert Ali Martinez shared a crucial analysis, indicating that XRP is 
preparing for a major price breakout, but the swing direction remains unclear. 
Similar to the broader crypto market, the altcoin posted net gains in April, 
rising 5%. While a mini-consolidation appears to have set in, Martinez draws 
attention to a larger picture showing a price momentum that commenced two 
months ago. Related Reading: If You Hold XRP, Then You Should Be Paying 
Attention To These Major Developments XRP Symmetrical Triangle Nears End, But 
What Next? The Symmetrical Triangle is a common chart pattern depicted by two 
converging trendlines, i.e., descending resistance and ascending support, 
indicating price compression before a potential breakout. According to 
Martinez, in a May 1 post, XRP is consolidating within an established 
symmetrical triangle with origins dating back to around February. Recent 
actions and projections show that XRP is nearing the apex of this formation, 
with each price move adding to compressed price momentum. From the height of 
the symmetrical triangle, Martinez has also deduced that the resulting price 
move would be 26%. However, the Symmetrical Triangles are neutral formations 
with potential to yield a bullish or bearish outcome. Therefore, the analyst 
warns against trading within the triangle, which ranges from $1.35 support to 
$1.45 resistance, as it is particularly dangerous due to the high risk of 
fakeouts. Investors and market participants are advised to wait for a decisive 
daily close outside the chart formation. In this regard, a close above the 
$1.45 would confirm bullish intentions, opening the path to the $1.82 price 
target. Meanwhile, a close below $1.35 would signal that bearish sentiment 
remains dominant, with prices likely to head to $1.00. Related Reading: 
Ethereum Pullback Sparks $1B Buying Frenzy Despite Hawkish Fed Warning on 
Inflation — What Changed? XRP ETF Inflows Close April With Minor $35,000 Loss 
In other news, data from SoSoValue shows the XRP ETFs registered an uneventful 
performance as April came to an end. Early inflows of $5.79 million were 
almost entirely erased by $5.83 million in outflows, leaving a modest net 
withdrawal of $35,000. This slight downturn snapped the three-week inflow 
streak seen earlier in the month, which had totaled a combined $82.88 million. 
According to SoSoValue, the cumulative net inflow into the XRP ETFs is $1.29 
billion, while total net assets are $1.06 billion. Meanwhile, the spot market 
price is trading at $1.38, up 0.95% over the last 24 hours. According to Ali 
Martinez’s analysis, the short-term price direction remains largely unknown, 
awaiting a key signal from the symmetrical triangle completion. Featured image 
from iStock, chart from Tradingview

XRP Primed For 26% Price Move But Direction Unknown – Analyst

After Circle and Bullish delivered blockbuster listings in 2025, crypto 
exchanges rushed toward public markets with a familiar promise: the industry 
is finally mature enough for Wall Street. However, the latest research from 
Kaiko shows that it&#8217;s not as simple as that. The crypto exchange IPO wave was 
supposed to prove that the crypto industry […]
The post The crypto IPO wave has one big problem: Bitcoin is still in charge 
appeared first on CryptoSlate.

The crypto IPO wave has one big problem: Bitcoin is still in charge

The US Senate voted unanimously to bar all senators and their staff from 
placing bets on political prediction market platforms including Polymarket and 
Kalshi, with the resolution authored by Republican Senator Bernie Moreno, who 
also set the end-of-May CLARITY Act…

Cryptocurrency price in MXN

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