Can a 90-day US-China trade truce really reshape global liquidity — and push Bitcoin toward a new all-time high? Markets exhale as tariff pressures ease On May 11–12, the United States and China announced a temporary truce in their ongoing…

Why the US-China trade truce could be Bitcoin’s biggest macro tailwind since 2020

XRP price found support at $2.420 and started a fresh increase. The price is 
now correcting gains from $2.60 and might aim for another increase. XRP price 
started a fresh increase above the $2.50 zone. The price is now trading above 
$2.50 and the 100-hourly Simple Moving Average. There is a key bullish trend 
line forming with support at $2.510 on the hourly chart of the XRP/USD pair 
(data source from Kraken). The pair might start another increase if there is a 
close above the $2.60 resistance. XRP Price Regains Traction XRP price 
remained supported above the $2.40 level and started a fresh upward wave, like 
Bitcoin and Ethereum. The price was able to surpass the $2.50 and $2.550 
levels. The bulls pushed the price above the $2.580 resistance zone to set the 
pace for more gains. Finally, it tested the $2.60 zone. A high was formed at 
$2.6050 before there was a pullback. The price dipped below $2.5650 and the 
23.6% Fib retracement level of the upward move from the $2.4220 swing low to 
the $2.6050 high. The price is now trading above $2.50 and the 100-hourly 
Simple Moving Average. There is also a key bullish trend line forming with 
support at $2.510 on the hourly chart of the XRP/USD pair. On the upside, the 
price might face resistance near the $2.60 level. The first major resistance 
is near the $2.650 level. The next resistance is $2.720. A clear move above 
the $2.720 resistance might send the price toward the $2.80 resistance. Any 
more gains might send the price toward the $2.850 resistance or even $2.880 in 
the near term. The next major hurdle for the bulls might be $2.950. Downside 
Correction? If XRP fails to clear the $2.60 resistance zone, it could start 
another decline. Initial support on the downside is near the $2.510 level and 
the trend line. The next major support is near the $2.492 level and the 61.8% 
Fib retracement level of the upward move from the $2.4220 swing low to the 
$2.6050 high. If there is a downside break and a close below the $2.4920 
level, the price might continue to decline toward the $2.450 support. The next 
major support sits near the $2.420 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 – $2.510 and $2.4920. Major Resistance Levels – $2.60 and 
$2.650.

XRP Price on a Steady Climb — Bullish Sentiment Grows Stronger

XRP is trading at $2.58, marking a nearly 20% gain in the past week as open 
interest rose more than 40%. This 20% one-week rise places it ahead of the 
broader cryptocurrency market, which has seen a 13% uptick over…

XRP open interest surges over $1B in a week as price eyes major breakout

Amid its recent breakout, Ethereum (ETH) has recovered a crucial Range lost in 
Q1, preparing to surge to the mid-zone of this area. However, various analysts 
forecast potential volatility for the King of Altcoins, as it faces some 
resistance at the current levels. Related Reading: Bitcoin Faces Key 
Resistance After 10% Weekly Rally – Confirmation Or Rejection Next? Ethereum 
To Trade Sideways Before Next Jump After surging nearly 45% in the past week, 
Ethereum has reclaimed its $2,200-$3,900 macro range lost in March. During the 
late-April market pump, the cryptocurrency recovered from its 18-month low of 
$1,380, jumping toward the $1,800 resistance before breaking out last 
Thursday. ETH has smashed past the $2,000 resistance and regained the crucial 
$2,100 and $2,300 levels before retesting the $2,600 resistance over the 
weekend. Since then, the King of Altcoins has hovered between the 
$2,400-$2,600 price range, hitting a two-month high of $2,624 on Monday. 
Market watcher Castillo Trading highlighted that Ethereum is “doing exactly 
what it should be. Taking some time to build a base at important levels before 
the next move.” The analyst stated that the $2,400-$2,700 zone will likely be 
ETH’s trading range for the upcoming days after its retest of the range lows 
as support, with “some shakeouts in both directions before continuing its next 
leg up.” Similarly, Daan Crypto Trades noted that the cryptocurrency’s current 
level is important, as it could determine its short-term direction. According 
to the trader, Ethereum could drop to $2,300 or below the $2,100 support level 
if it loses the key area. “In that case, you can simply wait for a 
consolidation to be formed at those levels,” he explained. On the contrary, if 
ETH breaks past the $2,600 resistance, and price keeps surging, the current 
level may “become a nice retest of the horizontal.” Notably, the next crucial 
horizontal level sits around the $2,850-$2,900 range, a significant support 
and resistance area amid the Q3 2024 pullback and the Q4 2024 breakout. Is A 
Dip Or A 15% Shakeout Coming? Analyst Rekt Capital pointed out that Ethereum 
secured a key Weekly Close after closing the week at $2,514 and officially 
reclaiming its Macro Range. According to the analyst, history suggests that 
ETH will “likely lift across the Range” over time, while “any dips, if needed 
at all, would only solidify $2200 as Range Low support.” He stressed that the 
recent Weekly Close occurred at the top of a crucial cluster, enabling a 
scenario where “just a small dip would suffice, if the green circled retest 
repeats here at ~$2468 (black).” However, if that level is lost, ETH could see 
a 10%-15% pullback toward the $2,200-$2,100 mark. Rekt Capital also remarked 
that the second-largest crypto by market capitalization has managed to fill 
the $2,530-$2,630 Daily CME Gap, created in March. Related Reading: Why The 
US-China 90-Day Tariff Slash Can Push Bitcoin Price Above $110,000 Amid its 
breakout, ETH also formed two small CME Gaps at the $2,300-$2,400 and 
$2,100-$2,200 levels, which could be closed soon. The former is the “more 
important dipping area, as it is also a Weekly CME Gap.” Additionally, he 
affirmed that Ethereum intends to fill its Macro CME Gap, between $2,900 and 
$3,350, signaling that a surge toward those levels could be ahead. As of this 
writing, Ethereum trades at $2,597, a 5% increase in the daily timeframe. 
Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum Prepares For $2,850 Rally, But Analysts Warn Of Potential Dip To These Levels

A Colorado-incorporated firm has been linked to a Chinese illicit marketplace 
that has served scammers in Southeast Asia and has been used to channel 
billions of dollars worth of crypto.
The marketplace, called Xinbi Guarantee, has received $8.4 billion, primarily 
in Tether (USDT) stablecoin transactions to date, blockchain security firm 
Elliptic reported on May 13.
Merchants on the Chinese-language, Telegram-based illicit marketplace sell 
technology, personal data, and money laundering services to Southeast Asian 
scammers who target victims using pig butchering scams.
On its website, Xinbi describes itself as an &#8220;investment and capital guarantee 
group company&#8221; and claims to operate through Xinbi Co. Ltd, a Colorado- 
incorporated company incorporated in 2022.
_Screenshots showing Xinbi Co. Ltd &#8216;s incorporation in the US state of 
Colorado. Source: __Elliptic_ _ _
&#8220;In January 2025, the corporation was updated to &#8216;Delinquent&#8217; for failing to 
file a periodic report,&#8221; Elliptic reported.
Key services offered on the black marketplace are money laundering services, 
which are the largest category, as well as technology such as Starlink 
equipment for scammers, stolen personal data for targeting victims and fake 
IDs and other fraudulent documents.
Xinbi is the second-largest illicit online marketplace discovered so far, with 
transaction volume growing rapidly. Q4 2024 saw over $1 billion transacted, 
and evidence links the platform to North Korean hackers laundering stolen 
funds, the Elliptic researchers said.
_**Related:**__**Largest &#8216;illicit online marketplace&#8217; has grown 51% in 6 
months: Elliptic**_
Elliptic identified thousands of crypto addresses used by Xinbi Guarantee and 
the merchants on it, and stated that the $8.4 billion in transactions &#8220;should 
be considered as lower bounds of the true volume of transactions on the 
platform.&#8221;
The platform, which has 233,000 users, operates on a &#8220;guarantee model,&#8221; 
requiring vendor deposits to prevent fraud.
## Second to Huione Guarantee
In July 2024, Elliptic exposed a similar Telegram-based Chinese marketplace 
known as Huione Guarantee.
The firm found that the wider Huione Group of companies had facilitated over 
$98 billion in crypto transactions.
In early May, it was designated by the US Treasury as a money-laundering 
operation and was to be severed from the US banking system.
_Illicit marketplace crypto transaction volumes. Source:__Elliptic_
These platforms also provide a window into a &#8220;China-based underground banking 
system,&#8221; based around stablecoins and other digital payments, &#8220;which is being 
leveraged for money laundering on a significant scale,&#8221; Elliptic concluded.
_**Magazine:**__**Metric signals $250K Bitcoin is &#8216;best case,&#8217; SOL, HYPE 
tipped for gains: Trade Secrets**_

Illicit $8B crypto market Xinbi incorporated in Colorado: Elliptic

On May 13, Ross Ulbricht, the creator of the Silk Road marketplace, revealed 
his departure from Arizona, setting off on an undisclosed journey. In a 
striking move, Ulbricht disclosed plans to auction off select personal 
belongings—artifacts from his life before incarceration and mementos from his 
years behind bars. Turning the Page Ulbricht, who was fully […]