U.S. stocks closed lower on Wednesday after the Federal Reserve released the minutes from its May policy meeting. The Dow Jones Industrial Average lost 0.58%, or 245 points, while the S&amp;P 500 and Nasdaq Composite indices fell 0.56% and 0.51%,…

Dow drops 245 points as Fed minutes spooks Wall Street

XRP price started a fresh decline below the $2.280 zone. The price is now 
correcting losses and might aim for a move above the $2.250 resistance. XRP 
price started a fresh decline below the $2.280 zone. The price is now trading 
below $2.270 and the 100-hourly Simple Moving Average. There is a key bearish 
trend line forming with resistance at $2.270 on the hourly chart of the 
XRP/USD pair (data source from Kraken). The pair might start another decline 
if it fails to clear the $2.2440 level. XRP Price Dips Further XRP price 
failed to clear the $0.3550 resistance and started a fresh decline, like 
Bitcoin and Ethereum. There was a move below the $0.3000 and $0.280 support 
levels. The price even dipped below the $0.220 support level. A low was formed 
at $0.2132 and the price is now consolidating losses. There was a minor move 
above the $0.220 level. The price cleared the 23.6% Fib retracement level of 
the downward wave from the $2.3540 swing high to the $2.2132 low. The price is 
now trading below $2.30 and the 100-hourly Simple Moving Average. On the 
upside, the price might face resistance near the $2.2440 level. It is near the 
50% Fib retracement level of the downward wave from the $2.3540 swing high to 
the $2.2132 low. The first major resistance is near the $2.270 level. There is 
also a key bearish trend line forming with resistance at $2.270 on the hourly 
chart of the XRP/USD pair. The next resistance is $2.30. A clear move above 
the $2.30 resistance might send the price toward the $2.320 resistance. Any 
more gains might send the price toward the $2.350 resistance or even $2.3650 
in the near term. The next major hurdle for the bulls might be $2.420. Another 
Drop? If XRP fails to clear the $2.270 resistance zone, it could start another 
decline. Initial support on the downside is near the $2.180 level. The next 
major support is near the $2.160 level. If there is a downside break and a 
close below the $2.160 level, the price might continue to decline toward the 
$2.120 support. The next major support sits near the $2.080 zone. 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 – $2.180 and $2.160. Major 
Resistance Levels – $2.2440 and $2.270.

XRP Price Slips Again — Is a Deeper Correction Underway?

Two NYPD detectives allegedly linked to a crypto torture case in Manhattan 
have been placed on modified duties as the investigation unfolds, according to 
multiple reports.

NYC cops linked to crypto torture case put on modified duties: Report

Buyers of BlackRock and Fidelity’s spot Ether ETFs are at an average 
unrealized loss of around 21%, says Glassnode.

Average Ethereum ETF investor ‘substantially underwater’ — Glassnode

Crypto-fueled chaos strikes again as a Russian couple is rescued from a Buenos 
Aires kidnapping tied to a digital ransom, sparking a global manhunt. Russian 
Couple Abducted in Crypto Sting—Kidnappers Flee to UAE A Russian couple has 
been rescued in Buenos Aires after reportedly being kidnapped and released 
following a $43,000 ransom paid in cryptocurrency. […]

Russian Couple Kidnapped in Crypto Trap—Escape Sets off Global Hunt

The SEC’s Division of Corporation Finance has clarified that defined protocol 
staking on proof-of-stake networks does not constitute a securities offering 
under federal law. SEC Staff Clarifies Protocol Staking Not a Security for 
Covered Crypto Assets on PoS Network The U.S. Securities and Exchange 
Commission’s Division of Corporation Finance issued a detailed public 
statement on […]