India-focused crypto exchange WazirX is relocating operations to Panama and rebranding its parent company as Zensui.

WazirX exits Singapore, moves to Panama after court ruling

XRP price started a steady increase above the $2.220 zone. The price is now 
correcting gains and might find bids near the $2.20 zone. XRP price started a 
fresh increase above the $2.220 zone. The price is now trading above $2.180 
and the 100-hourly Simple Moving Average. There is a key bullish trend line 
forming with support at $2.20 on the hourly chart of the XRP/USD pair (data 
source from Kraken). The pair could gain bullish momentum if it clears the 
$2.280 resistance zone. XRP Price Regains Traction XRP price formed a base 
above the $2.120 level and started a fresh increase, beating Bitcoin and 
Ethereum. The price was able to climb above the $2.180 and $2.20 resistance 
levels. The pair even surged above the $2.30 level. A high was formed at 
$2.327 and the price is now correcting gains. There was a move below the 
$2.280 level. It dipped below the 50% Fib retracement level of the upward move 
from the $2.165 swing low to the $2.327 high. The price is now trading above 
$2.180 and the 100-hourly Simple Moving Average. Besides, there is a key 
bullish trend line forming with support at $2.20 on the hourly chart of the 
XRP/USD pair. It is close to the 76.4% Fib retracement level of the upward 
move from the $2.165 swing low to the $2.327 high. On the upside, the price 
might face resistance near the $2.280 level. The first major resistance is 
near the $2.30 level. 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 $2.450 in the 
near term. The next major hurdle for the bulls might be $2.50. Fresh Decline? 
If XRP fails to clear the $2.280 resistance zone, it could start another 
decline. Initial support on the downside is near the $2.220 level. The next 
major support is near the $2.20 level. If there is a downside break and a 
close below the $2.20 level, the price might continue to decline toward the 
$2.150 support. The next major support sits near the $2.120 zone. Technical 
Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the 
bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is 
now above the 50 level. Major Support Levels – $2.220 and $2.20. Major 
Resistance Levels – $2.280 and $2.320.

XRP Price Surges, Then Cools — Will Bulls Return for Round Two?

Bitcoin and Ethereum both posted modest gains in the past week, with BTC 
rising 6.2% and ETH up by 9.6%. However, momentum appears to have paused at 
the start of the new week. As of Monday, Bitcoin trades just above $107,000 
after a slight 0.6% daily dip, while Ethereum has remained flat over the past 
24 hours. Analysts have turned to blockchain data and macro signals for cues 
on where the market may head next. Related Reading: Bitcoin Freezes Over 
$100,000 As OG Whales ‘Dump On Wall Street’: Expert Bitcoin and Ethereum 
Onchain Trend Recent insights from CryptoQuant Quicktake platform contributor 
Amr Taha provide some context behind the price action. In a detailed post, 
Taha noted that Ethereum inflows to Binance have continued for five 
consecutive days, a trend that could suggest either rising sell pressure or 
repositioning by major players. At the same time, data from Bitcoin’s short- 
term holder (STH) Net Position Realized Cap shows a notable reversal, 
increasing from negative $49 billion to over $5 billion. This pattern is 
typically associated with increased activity from retail investors, especially 
during periods of upward price movement. Taha noted: Historically, spikes in 
(STH) occur near potential market tops, as retail investors tend to FOMO into 
Bitcoin rallies. While this doesn&#8217;t necessarily signal a reversal, it has 
often preceded short-term corrections or periods of sideways consolidation. 
Bitcoin’s steady climb in June, despite occasional pullbacks, appears to have 
encouraged smaller investors to re-enter the market. In the case of Ethereum, 
another CryptoQuant analyst, “crypto sunmoon,” pointed to continued 
accumulation by long-term holders during last month’s price consolidation. 
This suggests a different dynamic is at play on the Ethereum side, with more 
patient capital building positions amid ongoing price suppression. Long-term 
holder accumulation often indicates growing confidence in an asset’s future, 
even if current market conditions appear lackluster. US Policy and Macro Risk 
Add Layers to Market Outlook Beyond market behavior, external factors may also 
shape crypto price action. Amr Taha highlighted recent political developments 
in the United States, particularly former President Donald Trump’s 
announcement of a proposed Senate bill promising wide-reaching tax cuts. The 
bill, which excludes taxes on tips, overtime, and Social Security income, 
could lead to an increase in consumer liquidity. If passed, this could impact 
investor appetite across both traditional and digital markets by temporarily 
boosting household spending power. Related Reading: Bitcoin Bears Are Taking 
Fresh Market Positions, But Are They Safe? However, not everybody is convinced 
of the bill’s long-term implications. Tesla CEO Elon Musk warned that the 
measure, if not accompanied by spending cuts, could expand the federal deficit 
and lead to economic instability over time. Large fiscal imbalances often have 
ripple effects on monetary policy, potentially affecting interest rates, 
inflation expectations, and risk sentiment, all of which can influence 
investor behavior in crypto markets. Taha concluded: Geopolitical disturbances 
can significantly impact investor sentiment. In response, investors might 
reconsider their positions in asset markets, possibly moving away from riskier 
assets and equities toward more stable options like bonds or safe-haven 
currencies. Featured image created with DALL-E, Chart from TradingView

Big Money Buys Ethereum as Retail FOMOs Into Bitcoin, What Happens Next?

Bitfinex analysts say declining Bitcoin spot volume may indicate a “local top” 
but all eyes will be on the performance of spot Bitcoin ETFs this week.

Bitcoin ‘vertical acceleration’ off the table for now: Bitfinex

Crypto ETF summer has arrived with America’s first staked Solana ETP and 
increased odds for other spot altcoin funds, according to analysts.

Analysts raise chance of SOL, XRP and LTC ETF approval to 95%

A global crypto fraud empire that funneled over half a billion dollars from 
thousands of victims has been dismantled in a sweeping international operation 
spanning three continents. Crypto Fraud Network Dismantled: Europol, Spain 
Arrest 5 in Major Bust A sweeping crackdown on a global cryptocurrency scam 
has unraveled a vast network that siphoned millions from […]