XRP price extended losses and traded below $1.220. The price is now 
consolidating losses and faces hurdles near $1.2350 and $1.250. XRP price 
started another decline and traded below the $1.250 zone. The price is now 
trading below $1.2350 and the 100-hourly Simple Moving Average. There is a 
bearish trend line forming with resistance at $1.2850 on the hourly chart of 
the XRP/USD pair (data source from Kraken). The pair could continue to move 
down if it stays below $1.250. XRP Price Dips Below $1.250 XRP price failed to 
stay above $1.30 and extended its decline, like Bitcoin and Ethereum. The 
price declined below $1.2850 and $1.2650 to enter a short-term bearish zone. 
The price even extended losses below $1.220. A low was formed at $1.1924, and 
the price is now consolidating losses well below the 23.6% Fib retracement 
level of the downward move from the $1.3640 swing high to the $1.1924 low. The 
price is now trading below $1.2320 and the 100-hourly Simple Moving Average. 
If there is a fresh recovery move, the price might face resistance near the 
$1.2330 level. The first major resistance is near the $1.2580 level. The main 
resistance could be $1.2780 or the 50% Fib retracement level of the downward 
move from the $1.3640 swing high to the $1.1924 low. A close above $1.2780 
could send the price to $1.2850. The next hurdle sits at $1.2880. There is 
also a bearish trend line forming with resistance at $1.2850 on the hourly 
chart of the XRP/USD pair. A clear move above the $1.2880 resistance might 
send the price toward the $1.30 resistance. Any more gains might send the 
price toward the $1.3250 resistance. More Losses? If XRP fails to clear the 
$1.2580 resistance zone, it could start a fresh decline. Initial support on 
the downside is near the $1.2050 level. The next major support is near the 
$1.20 level. If there is a downside break and a close below the $1.20 level, 
the price might continue to decline toward $1.1920. The next major support 
sits near the $1.1880 zone, below which the price could continue lower toward 
$1.1840. Technical Indicators Hourly MACD – The MACD for XRP/USD is now 
gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The 
RSI for XRP/USD is now below the 50 level. Major Support Levels – $1.1920 and 
$1.1840. Major Resistance Levels – $1.2350 and $1.2580.

XRP price extended losses and traded below $1.220. The price is now consolidating losses and faces hurdles near $1.2350 and $1.250. XRP price started another decline and traded below the $1.250 zone. The price is now trading below $1.2350 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at &#8230;

XRP Price Tumbles Under $1.22 As Market Sentiment Turns Sour

Gold overtook U.S. Treasuries in global official reserves by market value, the 
ECB said. The move reflected a 60% gold rally and rising demand for reserve 
diversification. Gold’s Rise Puts New Pressure on Dollar-Based Reserve Markets 
The European Central Bank (ECB) said in its report published June 2, 2026, 
“The international role of the euro,” […]

Gold overtook U.S. Treasuries in global official reserves by market value, the ECB said. The move reflected a 60% gold rally and rising demand for reserve diversification. Gold’s Rise Puts New Pressure on Dollar-Based Reserve Markets The European Central Bank (ECB) said in its report published June 2, 2026, “The international role of the euro,” &#8230;

Gold Overtakes US Treasuries as Top Reserve Asset: ECB Data

Despite the planned wind-down, TapTools says it is open to being acquired or 
taking on external resources to continue maintaining the platform.

Despite the planned wind-down, TapTools says it is open to being acquired or taking on external resources to continue maintaining the platform.

Cardano’s TapTools to wind down after 5 execs exit

Charles Schwab is preparing to push deeper into crypto by targeting a 2027 
rollout of spot trading, transfer, and custody capabilities for financial 
advisors on its custody platform. The move would bring direct digital asset 
access closer to one of the largest advisor ecosystems in US wealth 
management, extending Schwab’s crypto ambitions beyond its recently launched 
retail offering. Jalina Kerr, Managing Director of Schwab Advisor Services, 
said during a virtual media roundtable that the firm is aiming for a launch 
next year, according to Citywire. The timeline is not fixed, but Kerr 
indicated the project remains active and on schedule. Schwab is “on track” for 
next year, she said, adding that the rollout would “probably” come “more like 
the middle of the year.” Why This Is A Massive News For Crypto The planned 
product would give advisors access to spot crypto trading, transfer and 
custody tools through Schwab’s custody infrastructure. That is the key 
distinction. Schwab already moved into direct retail crypto trading this year, 
but an advisor-facing rollout would put crypto inside the workflows used by 
registered investment advisors overseeing client portfolios, rather than 
leaving those clients to manage exchange accounts separately or rely solely on 
exchange-traded crypto products. Related Reading: Coinbase To Bring Global 
Crypto Derivatives To US Institutions After CFTC Nod Schwab is a custody and 
brokerage giant. The company reported $12.61 trillion in total client assets 
as of April 30, 2026, along with 39.3 million active brokerage accounts. 
Within that, Schwab Advisor Services held roughly $5.31 trillion in client 
assets, underscoring the scale of the advisor channel that could eventually 
gain access to direct crypto tools. The advisor push follows Schwab’s April 
announcement of Schwab Crypto, a phased retail platform that began with spot 
Bitcoin and Ethereum trading. The retail offering lets eligible US clients 
trade BTC and ETH across Schwab.com, Schwab Mobile and thinkorswim, with a 75 
basis point fee on the dollar value of each crypto trade. Schwab has also said 
it plans to add more cryptocurrencies over time and later introduce deposit 
and withdrawal transfer capabilities. Related Reading: Samsung Just Bet $408 
Million On South Korea’s Top Crypto Exchange — And It’s Not Alone For now, the 
retail crypto account is offered by Charles Schwab Premier Bank, SSB, with 
Paxos providing sub-custody and trade execution services. Schwab’s disclosures 
also draw a clear line between crypto and traditional brokerage protections: 
crypto products are “not FDIC insured, not SIPC protected, not deposits, and 
may lose value.” Those details matter because they should not be automatically 
carried over to the advisor product. Schwab has confirmed the fee structure, 
custody setup and asset list for the retail launch, but it has not yet 
confirmed whether the 2027 advisor rollout will begin with only Bitcoin and 
Ethereum, whether pricing will match the retail 75 basis point fee, or whether 
Paxos will also support the advisor-side infrastructure. Notably, Schwab 
already gives investors access to crypto-linked products, including exchange- 
traded products tied to Bitcoin and Ethereum, crypto-related equities, 
futures, mutual funds, trusts and listed options on spot Bitcoin ETPs. But 
direct spot trading and custody would move Schwab closer to full-service 
crypto infrastructure for advisors, not just market access through securities 
wrappers. At press time, the total crypto market cap stood at $2.32 trillion. 
Featured image created with DALL.E, chart from TradingView.com

Charles Schwab is preparing to push deeper into crypto by targeting a 2027 rollout of spot trading, transfer, and custody capabilities for financial advisors on its custody platform. The move would bring direct digital asset access closer to one of the largest advisor ecosystems in US wealth management, extending Schwab’s crypto ambitions beyond its recently &#8230;

$12.6 Trillion Schwab Targets Mid-2027 Crypto Trading Rollout For Advisors

Strategy’s 32 BTC sale has turned a small transaction into a larger test for 
corporate bitcoin treasuries. The issue is no longer only whether public 
companies hold BTC. Investors are now watching how those companies meet cash 
obligations while trying to preserve exposure. Bitcoin Treasuries Face a New 
Borrow-or-Sell Test Strategy’s bitcoin sale drew attention […]

Strategy’s 32 BTC sale has turned a small transaction into a larger test for corporate bitcoin treasuries. The issue is no longer only whether public companies hold BTC. Investors are now watching how those companies meet cash obligations while trying to preserve exposure. Bitcoin Treasuries Face a New Borrow-or-Sell Test Strategy’s bitcoin sale drew attention &#8230;

Bitcoin Treasury Companies Face a Borrow-or-Sell Test

The broader crypto market has endured one of its toughest weeks of the year, 
with $1.5 billion in liquidations recorded since Monday alone. The pressure 
intensified as Bitcoin (BTC) slipped back below the $67,000 level for the 
first time since April, a move that heightened selling fears and weighed on 
overall market sentiment. Despite the heavy liquidation numbers, Binance 
Research argued that the main driver of the recent pullback may have been less 
about things unique to crypto and more about capital moving into traditional 
markets. BTC Hit by A ‘Capital Black Hole’? In a report posted on X (formerly 
Twitter), Binance Research pointed to a sign of unusual strain in equity 
markets: the CBOE Dispersion Index (DSPX) hit 42, described as the 3rd highest 
reading ever. The implication is that investors were heavily concentrating 
their money into a small set of S&amp;P 500 “hot themes,” leaving less liquidity 
available for other assets—Bitcoin included. Related Reading: Bitcoin Price 
Falls To $67,000 And Breaks The Map For Bulls—Here’s What Happens Next The 
firm described a feedback loop that it says has repeated in the past. When 
equity returns run far ahead of everything else, money tends to cluster, 
capital concentrates, and liquidity can effectively drain away from BTC. In 
the report’s phrasing, this can create a “capital black hole,” pulling funds 
out until the concentration eases. To show why this matters, Binance Research 
pointed to historical periods where sharp rotations into equities were 
followed by painful declines for Bitcoin. It cited several examples: in 2015, 
capital rotated toward FAANG + biotech, with BTC down around 20%; in 2016, a 
defensive rotation coincided with BTC falling about 18%; in 2018, a late-cycle 
FAANG push alongside an initial coin offering (ICO) collapse lined up with BTC 
dropping roughly 68%. Bitcoin Usually Recovers In Weeks The pattern also 
showed up during 2022, when energy stocks attracted money, and BTC fell about 
50%. The research cited a more recent stress point as well: in last year’s 
fourth quarter, investors rotated toward artificial intelligence (AI) and 
semiconductors, with those themes reportedly gaining 200%, while BTC slid 
around 39%. For this year’s second quarter, Binance Research referenced a 
“triple rotation” into AI, defense, and energy, noting energy strength and 
theme momentum, while BTC is down about 11% and ongoing. Even so, the 
exchange’s research arm included a more reassuring historical note. According 
to Binance Research, in past episodes where the DSPX peaked, Bitcoin 
eventually recovered. Related Reading: Crypto In 401(k)s: Senators Sanders, 
Warren Letter Warns $14 Trillion At Risk From DOL Proposal In cases described 
as “pure concentration” with “no crypto-native crisis,” Binance Research said 
BTC typically bottomed in 0–20 weeks, with a median of about 2 weeks. It also 
suggested that capital diversion tends to be temporary, adding that—based on 
the firm&#8217;s view—there is currently no crypto-native crisis, so markets could 
see a faster rebound once liquidity returns. Featured image created with 
OpenArt; chart from TradingView.com

The broader crypto market has endured one of its toughest weeks of the year, with $1.5 billion in liquidations recorded since Monday alone. The pressure intensified as Bitcoin (BTC) slipped back below the $67,000 level for the first time since April, a move that heightened selling fears and weighed on overall market sentiment. Despite the &#8230;

XRP Price Tumbles Under $1.22 As Market Sentiment Turns Sour

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