XRP price extended losses and traded below $1.20. The price is now 
consolidating losses and faces hurdles near $1.1920 and $1.1950. XRP price 
started another decline and traded below the $1.20 zone. The price is now 
trading below $1.20 and the 100-hourly Simple Moving Average. There is a 
bearish trend line forming with resistance at $1.1950 on the hourly chart of 
the XRP/USD pair (data source from Kraken). The pair could continue to move 
down if it stays below $1.20. XRP Price Nosedives Below $1.20 XRP price failed 
to stay above $1.20 and extended its decline, like Bitcoin and Ethereum. The 
price declined below $1.1950 and $1.1920 to enter a short-term bearish zone. 
The price even extended losses below $1.180. A low was formed at $1.1401, 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 $1.1401 low. The 
price is now trading below $1.1920 and the 100-hourly Simple Moving Average. 
If there is a fresh recovery move, the price might face resistance near the 
$1.1880 level. The first major resistance is near the $1.1920 level. The main 
resistance could be $1.1950. There is also a bearish trend line forming with 
resistance at $1.1950 on the hourly chart of the XRP/USD pair. A close above 
$1.1950 could send the price to $1.20. The next hurdle sits at $1.220. A clear 
move above the $1.220 resistance might send the price toward the $1.250 
resistance or the 50% Fib retracement level of the downward move from the 
$1.3640 swing high to the $1.1401 low. Any more gains might send the price 
toward the $1.2850 resistance. More Losses? If XRP fails to clear the $1.1950 
resistance zone, it could start a fresh decline. Initial support on the 
downside is near the $1.160 level. The next major support is near the $1.1550 
level. If there is a downside break and a close below the $1.1550 level, the 
price might continue to decline toward $1.150. The next major support sits 
near the $1.1440 zone, below which the price could continue lower toward 
$1.140. 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 – $1.1600 and $1.1550. 
Major Resistance Levels – $1.1950 and $1.2000.

XRP price extended losses and traded below $1.20. The price is now consolidating losses and faces hurdles near $1.1920 and $1.1950. XRP price started another decline and traded below the $1.20 zone. The price is now trading below $1.20 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at &#8230;

XRP Price Takes Another Hit As Bitcoin-Led Weakness Spreads Across Crypto

Bitcoin&#8217;s futures market is flashing a warning that analysts say could mean 
more pain ahead. Open interest climbed to roughly 288,000 BTC even as prices 
fell, with funding rates holding positive at 0.083% — a sign that bullish bets 
remain in place despite the selloff, leaving the market exposed to another 
wave of forced liquidations. Related Reading: XRP Dips In The Short Run, But A 
Bigger Setup May Be Forming: Analyst Bitcoin Liquidations Hit Hardest Since 
February About $672 million in Bitcoin positions were wiped out in 24 hours 
ending June 2, the largest single-day wipeout since February 5. That came as 
Bitcoin slipped below $67,000, dragging short-term holders — those who bought 
recently — into the red at a pace not seen since early in the year. On Binance 
alone, short-term holder losses hit -16,400 BTC on June 2. Across all 
exchanges, that figure reached -38,700 BTC, down slightly from -41,300 BTC 
recorded on May 28. Data shows these are buyers from recent months who are now 
exiting positions at a loss. Retail And Mid-Sized Investors Head For The Exits 
Larger participants are also moving coins. Reports from CryptoQuant analyst 
Amr Taha show mid-sized investors sent roughly 8,400 BTC to Binance on June 2 
alone — the most since February 6. On the retail side, Binance&#8217;s 30-day inflow 
total reached $9.2 billion by June 1, the highest reading since November 20, 
2025. Analyst MorenoDV, who tracked the retail flow data, said exchange 
inflows don&#8217;t automatically mean selling is coming, but they tend to show up 
before stretches of sharper volatility. If buy-side demand absorbs the 
inflows, the spike could turn into a local exhaustion point — but if it 
doesn&#8217;t, it may mark the start of broader distribution from weaker hands, 
MorenoDV said. This is called an expanding triangle. Expanding triangles are 
very common in Bitcoin. They are also typically reliable. The target for 
expanding triangles is the height projected from the breakout. A move back 
above 75,000 would change my analysis $BTC pic.twitter.com/WOOU5xTJ7g — The 
Factor Report (@PeterLBrandt) June 2, 2026 $60K Zone Draws All Eyes From a 
technical standpoint, Bitcoin has broken below two previously held support 
levels at $74,800 and $70,400. The eight-hour RSI fell to 30.4 on June 2, its 
lowest since February 6, pointing to oversold conditions and sustained 
downward pressure. Related Reading: XRP Is The Clear Winner For Transactions, 
According To Peter Brandt Charts point to a liquidity cluster between $62,300 
and $65,600, which overlaps with a demand zone stretching toward $60,000. 
Veteran trader Peter Brandt identified a broader concern, noting that Bitcoin 
appears to be forming an expanding triangle pattern on the daily chart. 
Featured image from MetaAI, chart from TradingView

Bitcoin&#8217;s futures market is flashing a warning that analysts say could mean more pain ahead. Open interest climbed to roughly 288,000 BTC even as prices fell, with funding rates holding positive at 0.083% — a sign that bullish bets remain in place despite the selloff, leaving the market exposed to another wave of forced liquidations. &#8230;

Bleeding Bitcoin Holders Signal Stress — $60K Becomes Critical Battleground

The resolution&#8217;s passage highlights congressional influence on market 
dynamics, affecting oil prices and crypto volatility amid geopolitical 
tensions.
The post US House approves war powers resolution to halt military action 
against Iran appeared first on Crypto Briefing.

The resolution&#8217;s passage highlights congressional influence on market dynamics, affecting oil prices and crypto volatility amid geopolitical tensions. The post US House approves war powers resolution to halt military action against Iran appeared first on Crypto Briefing.

US House approves war powers resolution to halt military action against Iran

SEC Commissioner Hester Peirce challenged broad oversight of blockchain 
infrastructure, arguing securities rules should not automatically reach 
neutral networks, open-source code, or noncustodial tools. Her remarks framed 
crypto regulation around control, custody, and discretion. Why the SEC’s 
Blockchain Boundary Fight Could Reshape Crypto Rules A June 3 speech from U.S. 
Securities and Exchange Commission (SEC) […]

SEC Commissioner Hester Peirce challenged broad oversight of blockchain infrastructure, arguing securities rules should not automatically reach neutral networks, open-source code, or noncustodial tools. Her remarks framed crypto regulation around control, custody, and discretion. Why the SEC’s Blockchain Boundary Fight Could Reshape Crypto Rules A June 3 speech from U.S. Securities and Exchange Commission (SEC) &#8230;

SEC Commissioner Challenges Blockchain Oversight Push That Could Shape Crypto Rules

The sell-off by high-conviction Bitcoin holders may indicate a late-stage bear 
market, signaling potential shifts in market dynamics and investor sentiment.
The post Bitcoin&#8217;s high-conviction holders sell $2.4B as price falls below 
$70K for first time since April appeared first on Crypto Briefing.

The sell-off by high-conviction Bitcoin holders may indicate a late-stage bear market, signaling potential shifts in market dynamics and investor sentiment. The post Bitcoin&#8217;s high-conviction holders sell $2.4B as price falls below $70K for first time since April appeared first on Crypto Briefing.

Bitcoin’s high-conviction holders sell $2.4B as price falls below $70K for first time since April

Bitmine&#8217;s strategy could amplify financial risk, as its reliance on Ethereum&#8217;s 
value and staking yields may impact dividend sustainability.
The post Bitmine files for preferred stock offering with 9.5% yield, targeting 
$300M to buy more ETH appeared first on Crypto Briefing.

Bitmine&#8217;s strategy could amplify financial risk, as its reliance on Ethereum&#8217;s value and staking yields may impact dividend sustainability. The post Bitmine files for preferred stock offering with 9.5% yield, targeting $300M to buy more ETH appeared first on Crypto Briefing.

XRP Price Takes Another Hit As Bitcoin-Led Weakness Spreads Across Crypto

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