Ripple&#8217;s legal counsel Bill Morgan has dismissed speculation that the U.S. government could seize XRP tokens from the company&#8217;s escrow accounts for national reserve purposes. Morgan&#8217;s blunt &#8220;No it won&#8217;t&#8221; response countered analyst John Squire&#8217;s claims about potential government confiscation…

XRP’s safe, for now, Ripple lawyer dismisses government seizure claims

According to an analysis posted on X by CRYPTOWZRD, Chainlink has closed the 
session with a bearish tone and is now testing the key $12.50 support level. 
With reduced weekend liquidity expected, price action is likely to remain 
choppy, making it essential to closely monitor intraday volatility. A clearer 
setup could take time to develop, but this zone may offer early clues about 
the token’s next move. Oversold Pressure Builds: Is LINKBTC Ready To Rebound? 
In his expanded commentary, CRYPTOWZRD underscored that both the LINKUSDT and 
LINKBTC daily candles closed firmly bearish, mirroring Bitcoin’s broader 
pullback and highlighting the altcoin market’s continued sensitivity to BTC’s 
moves. He emphasized that this pattern underscores the need for healthier 
bullish candles to emerge before a sustainable recovery can take hold. Related 
Reading: Chainlink Bullish Signal Stands Firm, But Bitcoin Is Calling The 
Shots CRYPTOWZRD stated that LINKBTC sits in extremely oversold territory, 
suggesting that a positive reversal is statistically likely. Should a bounce 
materialize, he expects it to ignite a sharp upside spike in LINK, effectively 
flipping sentiment from bearish to bullish in short order. Turning to absolute 
price structure, CRYPTOWZRD noted that Chainlink is currently trading right at 
the $12.50 daily support target, a zone he considers pivotal. A decisive 
bullish reversal from this level, he argues, is essential to trigger an 
impulsive upside move and reestablish upward momentum. If buyers can reclaim 
control, CRYPTOWZRD identifies $16 as the next critical resistance, followed 
by a more substantial barrier at $19.50. Clearing these levels would signal 
that the tide has truly shifted, paving the way for a broader trend change 
rather than a short‑lived bounce. Despite this bullish roadmap, CRYPTOWZRD 
cautioned that Bitcoin’s weekend price action will remain a major influence on 
Chainlink, especially given the expected drop in liquidity. As a result, he 
plans to focus on lower‑time‑frame charts in the coming sessions, seeking 
quick scalp opportunities while waiting for clearer confirmation of direction. 
Chainlink Intraday Setup Builds Around $12.85 Decision Point Assessing the 
immediate outlook, the analyst notes that LINK’s intraday chart remains 
bearish and noticeably volatile, underscoring the market’s current 
uncertainty. Price action has been chopping around key levels, making any 
clear direction difficult to trust without firm confirmation. Related Reading: 
Chainlink Holds Strong At $15.29 Support – Is A New Breakout Imminent? On the 
bullish side, the analyst points out that a decisive breakout and sustained 
hold above the $12.85 intraday resistance could flip sentiment. If buyers 
manage to establish support above this line, the setup would present a 
compelling long opportunity with an initial upside target near $14.40, where 
the next significant resistance resides. Conversely, the analyst warns that a 
failed attempt to hold $12.85—marked by a retest and subsequent decline- would 
favor the bears. Such rejection would create potential short setups, as 
renewed selling pressure could drag the price lower, especially if broader 
market conditions stay cautious. Featured image from Freepik, chart from 
Tradingview.com

Chainlink Bears Push Toward $12.50 As Weekend Volatility Looms

The U.S. Treasury signals an aggressive push into digital assets, positioning 
the dollar to thrive globally as sweeping reforms ignite unprecedented 
innovation and financial expansion. Digital Assets Are Global Phenomenon 
Ignored Too Long by Governments, Says Treasury Secretary Bessent Treasury 
Secretary Scott Bessent emphasized on social media platform X on June 18 that 
the U.S. […]

Treasury Secretary Says Crypto Not Threat to Dollar as US Pursues Digital Asset Dominance

Crypto education and media platform Coin Bureau has shared some puzzling 
developments on the XRP market that may hint at a prolonged bearish future. 
Notably, the altcoin has been a major headliner amidst a general crypto market 
correction in the past one month. During this period, XRP prices have dipped 
by over 10% with current market prices around $2.13. While crypto enthusiasts 
remain hopeful of market resurgence, Coin Bureau’s recent revelations shows 
that on-chain data suggests otherwise. Related Reading: Consolidation Takes 
Its Toll: Bitcoin Investors No Longer Greedy XRP $3 Target Impossible Amid 
Declining Network Activity &#8211; Analyst According to an X post by Coin Bureau on 
June 20, XRP is facing an uphill task in regaining its bullish form due to 
network engagement crises. Notably, data from Glassnode shows that new wallets 
on the XRP Ledger have crashed from above 30,000 new addresses daily in 
January to presently below 5,000 new addresses daily. Interestingly, the chart 
by Glassnode presents a strong correlation between price action and network 
growth. The surge in wallet creation during late Q4 2024 was accompanied by a 
parabolic move in price that brought XRP to trade as high as $2.71. However, 
as the rate of new users entering the network began to decline, XRP’s price 
action also entered a consolidation and gradual downward trend. Amidst other 
developments, Coin Bureau also highlights XRP&#8217;s daily active addresses has 
experienced a staggering drop from 557,000 to 34,000 to further suggest a lack 
of retail investor interest in the XRP ecosystem. According to the market 
analyst, the glaring fall in network engagement indicates XRP may lack 
sufficient market demand to support a bullish climb towards the $3 price 
region which is a crucial resistance zone. However, other analysts have 
presented an alternative theory. In particular, a market expert with X 
pseudonym MoonLambo explains the previous highs in network activity seen in Q4 
2024 and January coincided with a period of widespread market greed following 
the US general elections. The analyst claims the decline is normal alongside 
social trends rather and is overemphasized by Coin Bureau. Related Reading: 
Dogecoin Breaks Free—Could Soar 60%, Analyst Says XRP Price Outlook At the 
time of writing, XRP continues to trade at $2.13 reflecting a 1.33% decline in 
the past day. Meanwhile, the asset’s daily trading volume is up by 22.29% and 
valued at $2.25 billion. According to data from prediction site CoinCodex, XRP 
Investors still remain largely bearish but the Fear &amp; Greed Index stands 
neutral at 54. CoinCodex analysts are predicting XRP to remain in 
consolidation for the short term with predictions of $2.12 in one month. 
However, they forecast a steady long-term bullish revival with projections of 
$2.45 in three months and $3.03 in six months. Featured image from Pexels, 
chart from Tradingview

XRP Daily New Addresses Plunge 80% In 2025 — Bearish On-Chain Metrics Raise Alarm

Based on historical data, the ten most heavily stocked bitcoin wallets 
collectively held over 1.12 million coins in 2023, accounting for 
approximately 5.66% of the current circulating supply. Jump ahead to the 
present, and these top ten addresses now control 5.55% of the supply, with a 
few notable shifts among the highest-ranking holders. What follows […]

Cold Wallet Kings: The Quiet Powerhouses Behind Bitcoin’s Biggest Stashes

Texas&#8217; Bitcoin reserve law could bolster financial resilience and set a 
precedent for other states to integrate crypto into fiscal strategies.
The post Texas governor signs Bitcoin reserve bill into law appeared first on 
Crypto Briefing.