Bitcoin&#8217;s alignment with gold suggests its potential evolution into a stable asset class, enhancing its role in global financial systems. The post Bitcoin reclaims $89K as decoupling narrative gains momentum appeared first on Crypto Briefing.

Bitcoin reclaims $89K as decoupling narrative gains momentum

Welcome to Latam Insights, a compilation of the most relevant crypto news from 
Latin America over the past week. In this week&#8217;s edition, Brazil proposes the 
issuance of a new BRICS trade currency, Tether pushes a green bitcoin mining 
initiative, and the Central Bank of Brazil faces a hack. Brazilian President 
Lula Proposes BRICS Develop […]

Latam Insights: Brazil Floats BRICS Currency, Tether Pushes Green Bitcoin Mining

XRP price started a decent upward move from the $2.20 zone. The price is now 
showing positive signs and might aim for a move above the $2.285 resistance. 
XRP price started a fresh increase above the $2.2320 zone. The price is now 
trading above $2.2320 and the 100-hourly Simple Moving Average. There is a 
short-term contracting triangle forming with resistance at $2.280 on the 
hourly chart of the XRP/USD pair (data source from Kraken). The pair could 
start another increase if it clears the $2.280 zone. XRP Price Faces 
Resistance XRP price started a fresh increase after it settled above the 
$2.220 level, like Bitcoin and Ethereum. The price was able to climb above the 
$2.2320 resistance level. The bulls were able to push the price above the 
$2.250 level. Moreover, there was a clear move above the 61.8% Fib retracement 
level of the downward move from the $2.3111 swing high to the $2.197 low. The 
price is now trading above $2.250 and the 100-hourly Simple Moving Average. On 
the upside, the price might face resistance near the $2.280 level. There is 
also a short-term contracting triangle forming with resistance at $2.280 on 
the hourly chart of the XRP/USD pair. The first major resistance is near the 
$2.2850 level. It is close to the 76.4% Fib retracement level of the downward 
move from the $2.3111 swing high to the $2.197 low. The next resistance is 
$2.320. A clear move above the $2.320 resistance might send the price toward 
the $2.350 resistance. Any more gains might send the price toward the $2.40 
resistance or even $2.420 in the near term. The next major hurdle for the 
bulls might be $2.50. Another Decline? If XRP fails to clear the $2.2850 
resistance zone, it could start another decline. Initial support on the 
downside is near the $2.260 level. The next major support is near the $2.2320 
level. If there is a downside break and a close below the $2.2320 level, the 
price might continue to decline toward the $2.20 support. The next major 
support sits near the $2.150 zone. Technical Indicators Hourly MACD – The MACD 
for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative 
Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support 
Levels – $2.2320 and $2.20. Major Resistance Levels – $2.2850 and $2.320.

XRP Price Strengthens — Eyes Set on Key Resistance Levels

Block CEO Jack Dorsey has released a white paper and launched a beta for 
Bitchat, a decentralized messaging app using Bluetooth mesh networks for 
internet-free, encrypted communication.

Jack Dorsey tests Bitchat — decentralized messaging without internet

US President Donald Trump has blasted Elon Musk’s plan to start a new 
political party that could splinter the Republican vote in the 2026 midterm 
elections.

Trump says Musk ‘off the rails’ for forming political party to rival GOP

The U.S. Secret Service is spearheading a global crackdown on crypto fraud, 
arming over 60 countries with cutting-edge blockchain tracing skills. Secret 
Service Expands Global Crypto Fraud Training Network The U.S. Secret Service 
has quietly established itself as a global training force in the fight against 
cryptocurrency-related fraud, instructing officials in more than 60 countries 
[…]