Over the last week, the XRP market endured a dominantly bearish mood. During 
this time, the altcoin&#8217;s price declined by more than 5% amid general market 
struggles. A broader overview shows that XRP has remained range-bound between 
$1.29 and $1.55, with this range stretching back to February. However, recent 
technical developments on the daily chart pattern indicate an impending market 
sell-off to end this month-long consolidation and establish a deeper decline 
in this bear market. Related Reading: Analyst Highlights Ethereum ‘Kill Zone’ 
That Shows The Best Time To Buy XRP Break Below Symmetrical Triangle Tips 
Short-Term Loss In trading analysis, a symmetrical triangle is created when 
the price forms a series of lower highs (descending resistance line) and 
higher lows (ascending support line). These two trendlines converge, forming a 
triangle. This chart formation usually represents indecision and compression 
in the market, as buyers are stepping in earlier each time (higher lows) and 
sellers are stepping in sooner each time (lower highs). In an X post on May 
23, Ali Martinez shares that XRP has broken out of a symmetrical triangle on 
its daily chart. The altcoin recently breached the rising trend line of this 
chart formation, which started in January. This means XRP is now below a key 
support level and is exposed to deeper downside targets. According to the 
seasoned analyst, an acceleration in selling pressure would likely pull XRP 
down to around $1.14, i.e., a 16.17% loss from current market prices. Related 
Reading: Dogecoin Mirrors Previous Mega Bull Trend — Is Another Parabolic 
Rally Next? XRP Market Glance &#8211; Whales Step Out Interestingly, the loss in 
XRP&#8217;s price and its latest bearish signal coincide with another concerning 
development. Martinez reports in a separate post that XRP whale activity is 
presently registering a major decline. In the last nine days, the number of 
large transactions (i.e., transactions over $1 million) has dropped from 157 
to 67, representing a 57.3% loss. The analyst explains that such events 
usually mean that whales are stepping away as the market enters a compression 
phase expected to be marked by declining volatility. During this time, the 
current price range becomes accepted value as the market build support &amp; 
resistance clarity. In addition, there would be an uptick in limit order 
activity, with liquidity deepening on both sides to eventually form a mature 
order book. However, compressions always result in expansion, the direction of 
which hinges on liquidity and whether these whales return as buyers or 
sellers. At the time of writing, XRP trades at $1.35 reflecting a gain of 1.1% 
in the last day. Meanwhile, the asset&#8217;s daily trading volume is up 4.23% and 
valued at $1.96 billion. Featured image from Pexels, chart from Tradingview

Over the last week, the XRP market endured a dominantly bearish mood. During this time, the altcoin&#8217;s price declined by more than 5% amid general market struggles. A broader overview shows that XRP has remained range-bound between $1.29 and $1.55, with this range stretching back to February. However, recent technical developments on the daily chart &#8230;

XRP Confirms Negative Breakout With Price Headed For $1.14 – Analyst

Bloomberg reported on May 22 that bond traders are fully pricing in a Fed 
interest rate hike by year-end, with interest rate swaps implying the Fed&#8217;s 
benchmark rate at least 25 basis points higher by the end of 2026. The same 
day, Fed Governor Christopher Waller said the Fed should remove its easing 
bias and […]
The post Bitcoin’s Fed cut trade flips as bond market turns into the risk 
appeared first on CryptoSlate.

Bloomberg reported on May 22 that bond traders are fully pricing in a Fed interest rate hike by year-end, with interest rate swaps implying the Fed&#8217;s benchmark rate at least 25 basis points higher by the end of 2026. The same day, Fed Governor Christopher Waller said the Fed should remove its easing bias and &#8230;

Bitcoin’s Fed cut trade flips as bond market turns into the risk

Increased hostilities may hinder peace prospects and heighten regional 
instability, impacting market perceptions of future military actions.
The post Hezbollah shells Israeli vehicles, escalating tensions with Israel 
appeared first on Crypto Briefing.

Increased hostilities may hinder peace prospects and heighten regional instability, impacting market perceptions of future military actions. The post Hezbollah shells Israeli vehicles, escalating tensions with Israel appeared first on Crypto Briefing.

Hezbollah shells Israeli vehicles, escalating tensions with Israel

Over a year after the token’s demise, the Libra Trust has arranged a strategy 
to fund nearly 71 companies that have applied for this support. The Trust has 
close to $110 million to invest in this task, transferred by Hayden Davis, CEO 
of Kelsier Ventures and one of the faces behind Libra. Libra Trust Set […]

Over a year after the token’s demise, the Libra Trust has arranged a strategy to fund nearly 71 companies that have applied for this support. The Trust has close to $110 million to invest in this task, transferred by Hayden Davis, CEO of Kelsier Ventures and one of the faces behind Libra. Libra Trust Set &#8230;

Libra Trust Prepares to Distribute Controversial Crypto Millions to Argentine Companies

The use of advanced missiles in Ukraine highlights escalating military 
tactics, potentially influencing global market stability and investor 
behavior.
The post Russia claims successful strikes on Ukraine with hypersonic, 
ballistic missiles appeared first on Crypto Briefing.

The use of advanced missiles in Ukraine highlights escalating military tactics, potentially influencing global market stability and investor behavior. The post Russia claims successful strikes on Ukraine with hypersonic, ballistic missiles appeared first on Crypto Briefing.

Russia claims successful strikes on Ukraine with hypersonic, ballistic missiles

Warsh&#8217;s hawkish stance may lead to tighter monetary policy, impacting Bitcoin 
and potentially slowing economic growth amid persistent inflation.
The post Bitcoin falls to $74,190 as Kevin Warsh becomes Fed chair, raising 
rate hike fears appeared first on Crypto Briefing.

Warsh&#8217;s hawkish stance may lead to tighter monetary policy, impacting Bitcoin and potentially slowing economic growth amid persistent inflation. The post Bitcoin falls to $74,190 as Kevin Warsh becomes Fed chair, raising rate hike fears appeared first on Crypto Briefing.

XRP Confirms Negative Breakout With Price Headed For $1.14 – Analyst

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