Ripple is making progress in its long drawn legal battle with the US Securities and Exchange Commission with plans for a $50 million settlement. A joint filing made the headlines following several updates on firms planning to raise funds for purchasing XRP and holding it as a treasury asset. Experts examine whether it is a “pump and dump” tactic to take advantage of sidelined traders or XRP could rally towards a new high in 2025.

Chart of the week: XRP rally to $7 likely with Ripple’s bullish announcements?

Crypto exchange Bybit is launching Byreal, a hybrid decentralized exchange on 
Solana that combines centralized exchange liquidity with DeFi transparency.

Bybit targets Q3 launch of new Solana-based DEX Byreal

Crypto analytics firm Santiment found that Ether whales boosted their ETH 
holdings by 3.72% while retail investors have been banking profits.

Ethereum whales, sharks keep buying up ETH as retail cashes out

Ethereum price started a fresh decline and tested the $2,450 zone. ETH is now 
correcting losses and might aim for a move above the $2,620 resistance. 
Ethereum started a fresh decline below the $2,750 level. The price is trading 
near $2,575 and the 100-hourly Simple Moving Average. There was a break above 
a contracting triangle with resistance at $2,550 on the hourly chart of 
ETH/USD (data feed via Kraken). The pair could start a fresh increase if it 
clears the $2,620 zone in the near term. Ethereum Price Corrects Losses 
Ethereum price started a fresh decline below the $2,750 and $2,620 levels, 
like Bitcoin. ETH price even traded below the $2,500 level and tested $2,440. 
A low was formed at $2,441 and the price recently started a recovery wave. 
There was a move above the $2,500 and $2,520 levels. The price surpassed the 
23.6% Fib retracement level of the downward move from the $2,880 swing high to 
the $2,441 low. Besides, there was a break above a contracting triangle with 
resistance at $2,550 on the hourly chart of ETH/USD. Ethereum price is now 
trading near $2,575 and the 100-hourly Simple Moving Average. On the upside, 
the price could face resistance near the $2,585 level. The next key resistance 
is near the $2,620 level. The first major resistance is near the $2,660 level. 
It is near the 50% Fib retracement level of the downward move from the $2,880 
swing high to the $2,441 low. A clear move above the $2,660 resistance might 
send the price toward the $2,720 resistance. An upside break above the $2,720 
resistance might call for more gains in the coming sessions. In the stated 
case, Ether could rise toward the $2,800 resistance zone or even $2,880 in the 
near term. Another Decline In ETH? If Ethereum fails to clear the $2,620 
resistance, it could start a fresh decline. Initial support on the downside is 
near the $2,540 level. The first major support sits near the $2,500 zone. A 
clear move below the $2,500 support might push the price toward the $2,440 
support. Any more losses might send the price toward the $2,420 support level 
in the near term. The next key support sits at $2,350. Technical Indicators 
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. 
Hourly RSI &#8211; The RSI for ETH/USD is now above the 50 zone. Major Support Level 
– $2,500 Major Resistance Level – $2,620

Ethereum Price Eyes Recovery—Can ETH Kick Off a Fresh Upside Move?

Polyhedra Network’s native token, ZKJ, dropped over 83% on June 15, hitting an 
all-time low of $0.3073, after a series of abnormal transactions and mass 
liquidity withdrawals linked to its associated token, KOGE. According to a 
June 15 post on…

Polyhedra’s ZKJ token plunges 83% after ‘abnormal’ transactions’ cause liquidity crisis

The U.S. Department of Justice has recovered $680,000 tied to a crypto exploit 
and is in the process of returning funds stolen through a Safemoon smart 
contract vulnerability. DOJ Recovers Funds Exploited in Safemoon Attack The 
U.S. Department of Justice (DOJ) announced on June 12 that it has seized and 
is in the process of […]