Bitcoin ETFs extend a six-day inflow streak, adding $412 million on June 16 as institutional investors shrug off escalating tensions between Iran and Israel.

Bitcoin ETFs add $412M, extend 6-day inflow streak amid Israel-Iran conflict

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XRP bulls appear to be facing one last test of conviction before the market’s 
next explosive phase, according to CryptoInsightUK’s video analysis released 
on 16 June. The British analyst argues that the token is sculpting an inverse 
head-and-shoulders formation whose right shoulder “still needs to form around 
the high-$1.80s” before any sustained rally can commence. How Low Must XRP Go? 
In the broadcast, he emphasised that “dense liquidity is below us,” pointing 
to a confluence of resting bids and stop-loss clusters between roughly $1.92 
and $1.80. “I still think it comes down to make the right shoulder which is 
around 1.88,” he said, adding that a swift wash-out into that pocket would 
“flush the lows, tap in there and send it.” At present, XRP is changing hands 
near $2.24, up about 3% over the past 24 hours, which implies a prospective 
drawdown of roughly 20% if the market fulfills his downside scenario. From the 
analyst’s vantage point, such a retreat is less a cause for alarm than a 
prerequisite for the next major leg higher: “If we come down first, we’ve done 
the downside part. Otherwise I’m still going to be worried about going down 
even if we come up to $2.42 or higher.” Related Reading: What Are The 
Implications For XRP If Ripple Captures 14% Of SWIFT’s Volume? He linked the 
bearish short-term bias to structural forces beyond the XRP Ledger’s 
ecosystem. Bitcoin dominance, he noted, has crept toward a historical 
inflection zone that previously triggered alt-seasons: “Anywhere in this box 
could be the start of alt-season… That would probably coincide with Bitcoin 
dropping to between $100,000 and $93,000.” A dominance spike fed by a late- 
cycle Bitcoin dip, he argued, would typically inflict outsized percentage 
losses on major altcoins—including XRP—before liquidity rotates back into 
them. Within XRP’s own order book, CryptoInsightUK highlighted a “liquidity 
vacuum” created by May’s capitulation candle. Although the token has since 
retraced most of that single-session collapse, he described the rebound as 
“choppy corrective price action,” lacking the conviction and volume that 
accompanied earlier impulse waves. The right-shoulder flush, in his view, 
would neutralise residual leverage, particularly among traders who re-loaded 
longs too aggressively during the $2.15–$2.40 bounce. How High Can XRP 
Explode? The inverse head-and-shoulders thesis also features prominently on 
his long-range chart, stretching back to mid-May. The analyst first published 
the pattern on X, showing a left shoulder near $2.42, a head at $1.47, and a 
neckline just above $2.50. Completing a symmetrical right shoulder near $1.88 
would, by classical pattern-measuring rules, project an upside target above 
$3.50—a level not visited since late-2021’s cycle top. Related Reading: Still 
Sleeping On XRP? Analyst Says $8 Breakout Is ‘Just Waiting’ Liquidity dynamics 
across the broader market reinforce his caution. Open interest in perpetual 
swaps for Ether, he observed, remains “as high as it’s ever been,” suggesting 
that any sudden drop in majors could spark a forced-liquidation cascade across 
altcoin pairs. “These people will be flushed out,” he warned, calling 
attention to negative-funding episodes that hint at an overcrowded short base 
waiting to be squeezed—once the final downside pocket has been filled. Despite 
the near-term jitters, CryptoInsightUK reiterated a resolutely bullish macro 
stance. “The next stage I’m most certain about is that we’re going to go 
significantly higher for crypto,” he told viewers. Drawing parallels with 
gold’s record weekly close, he argued that an undercurrent of global risk 
aversion is quietly supporting non-sovereign stores of value, positioning both 
Bitcoin and XRP for accelerated appreciation once the technical reset 
concludes. For long-term holders, his advice was unequivocal: avoid wholesale 
portfolio shifts and instead treat any sub-$2.00 wick as a final accumulation 
window. “Dollar-cost averaging from here is a good thing to do,” he said, 
revealing that 97% of his own capital remains in spot positions, with only a 
single-digit percentage reserved for surgical bids in the $1.80–$1.92 zone. 
Whether XRP respects that script will become clear in the days ahead. Should 
the market indeed sweep into the high-$1.80s and rebound with the aggressive 
thrust the analyst expects, the right shoulder will be complete—and the runway 
clear—for the long-awaited take-off. At press time, XRP traded at $2.23. 
Featured image created with DALL.E, chart from TradingView.com

XRP Must Complete Right Shoulder Before Takeoff—But How Low First?

Bitcoin order book liquidity spoofing is back as analysis says that a key BTC 
price event is still &#8220;brewing&#8221; — can bulls protect $104,000?