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TAO Price Consolidation Tightens Above $200 as Traders Await Major Breakout

By | Edited By Ammar Raza,,

Bittensor (TAO) holds long-term support around a key level as consolidation continues after volatility. Momentum indicators remain neutral to slightly bearish, suggesting indecision for the TAO price breakout. Rising open interest contrasts with weaker trading volume, showing cautious participation while traders await a breakout from the current range.

At the time of writing, TAO is trading at $256.18 with a 24-hour trading volume of $172.6 million and a market capitalization of $2.8 billion. After the 2.84% gain over the last 24 hours, the TAO price structure and rising open interest point to a bullish reversal.

TAO Price Chart

Source: CoinMarketCap

TAO Price Holds $200 Support as Breakout Setup Builds

Furthermore, the crypto analyst DREAD BONGO pointed out that the TAO price is holding a critical long-term structure above the $200 support zone, which has acted as a multi-year accumulation floor through repeated volatility. 

Market participants are closely watching whether the TAO price can break the existing downtrend and confirm a shift in structure, potentially marking the beginning of a broader bullish regime change.

TAO Price Holds $200 Support as Breakout Setup Builds

Source: DREAD BONGO’s X Post

In the event that happens, then momentum could carry the TAO price into a return to the upper bound of its price channel and eventually into yet another attempt at testing all-time highs, at which point resistance will likely remain strong. 

Half a year after its first halving, reduced emissions are gradually squeezing the supply picture, alongside further subnet halvings and ecosystem growth.

Also Read: Bittensor (TAO) Price Eyes $312 Breakout Amid Improving Bullish Momentum

RSI and MACD Point to a Consolidation Phase

According to TradingView, there is considerable volatility in TAO starting from early 2026 till late May. Having touched $145.00 during February, the TAO price soared to exceed $350.00 in March. 

It came down to be at about $230.00, and another rise in May up to $310.00 was unsuccessful. Currently, the TAO price ranges within $258.07, having gained +1.53% on the day.

RSI and MACD Point to a Consolidation Phase

Source: TradingView

According to technical indicators, the market favors a neutral to bearish trend. RSI is currently at 43.32, slightly below its signal line of 45.08, without entering oversold conditions. 

On the other hand, the MACD line is trading at -6.18321, below its signal line of -3.43457, with zero histograms representing market compression until a breakout occurs.

TAO Derivative Data Point to Cautious Outlook

However, the open interest of TAO increased by 2.83% to $316.61 million. It denotes that there is an increase in the level of trader participation and derivative trades, which shows that the market players have regained their confidence.

TAO Derivative Data Point to Cautious Outlook

Source: Coinglass

The trading volume decreased by 35.79% to $728.73 million. This decrease indicates that there is less participation in the market and a slowed pace compared to previous levels, indicating that the asset is experiencing a phase of consolidation.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: Bittensor (TAO) Price Outlook: Can Bulls Defend $234?

ASTER Price Action Indicates Upside Potential Toward the $2.60 Zone

By | Edited By Ammar Raza,,

ASTER price is approaching a critical breakout zone after an extended accumulation phase, with price action compressing beneath key resistance.

Technical indicators continue to support a bullish outlook, while strong market participation and rising derivatives activity suggest growing trader confidence and increasing potential for a significant directional move.

ASTER Price Forms Major Breakout Pattern

Aster price chart shows a sharp decline from approximately $2.30–$2.50 after listing, followed by a prolonged consolidation phase between $0.45–$0.80.

A descending resistance trendline connects the major lower highs and converges with horizontal resistance near $0.75–$0.80, creating a critical decision zone for price direction.

The highlighted accumulation box spans roughly $0.45–$0.80, with the current price around $0.751. Aster Price has remained inside this range for several months, suggesting reduced selling pressure.

ASTER price prediction chart
Source: @hami8040

The convergence point occurs around June–July 2026, where volatility compression typically precedes a strong breakout.

If price closes above $0.80 with increased volume, potential upside targets include $1.00, $1.20–$1.30, $1.50–$1.60, $2.00, and the projected extension near $2.50–$2.60 shown on the chart, according to the crypto analyst 0xNeena.

Conversely, a breakdown below $0.45–$0.50 would invalidate the bullish setup and increase the likelihood of further downside movement.

Also Read: ASTER Price Prediction: Can It Reach $10–$20 in the Next Bull Cycle?

Momentum Indicators Point Toward Further Gains

At the moment, the Relative Strength Index is currently at 62.81, remaining above the average value of 52.88. This shows the rise of bullish momentum, with the buyers in control.

Despite approaching the overbought level of 70, RSI has yet to enter the extreme zone, suggesting that further gains are possible with bullish momentum intact, according to the TradingView chart.

ASTER TradingView chart
Source: TradingView

The MACD indicates bullish sentiment, with the MACD line at 0.01028 and the signal line at 0.00459.

The positive histogram of 0.00569 signifies increasing bullishness. Larger-sized green candles are a clear indication of increased buying pressure.

Strong Derivatives Activity Market Trends

According to CoinGlass data, there was an increase in volume of 375.71% to $1.21 billion, showing high participation in the market.

This indicates that there was heavy trading in the process, which shows the strength of the interest, the possibility of a breakout, and high buying and selling power in the market.

ASTER Volume and Open interest chart
Source: CoinGlass

Open interest increased by 20.87%, ending at $471.91M. This indicates that there are more derivative contracts in play in the market.

That means new cash is flowing into the market instead of people wrapping up their operations. In essence, this indicates that people are setting themselves up for future trades.

Also Read: ASTER Price Forecast: Bullish Breakout Could Push It Toward $1 Target

HBAR Price Signals Bullish Continuation With $0.504 Price Target in Focus

By | Edited By Ammar Raza,,

Hedera (HBAR) shows bullish momentum with analysts expecting further upside for the HBAR price as support holds. Technical signals like rising RSI and reclaimed moving averages suggest a strengthening trend, while Hedera’s fintech expansion and Money20/20 presence reinforce positive long-term sentiment.

At the time of writing, HBAR is trading at $0.09755 with a 24-hour trading volume of $518.16 million and a market capitalization of $4.22 billion. Following the 6.79% gain over the last 24 hours, the HBAR price structure and network growth point to a bullish reversal.

HBAR Price Chart

Source: CoinMarketCap

HBAR Price Shows Bullish Rally With $0.504 in Focus

According to the crypto analyst Javon Marks, HBAR continues to show steady market strength, with its previously identified upside target near $0.504 still firmly intact. 

The HBAR price action has remained stable, avoiding any significant breakdowns, suggesting the market is still consolidating rather than reversing. This controlled structure keeps bullish momentum cautiously alive for now.

HBAR Price Analysis

Source: Javon Marks’ X Post

As long as support holds, the outlook remains constructive, with traders watching for potential continuation to the upside. The absence of selling pressure and the persistence of higher lows indicate underlying demand. 

If momentum builds further, the HBAR price could attempt another push toward the $0.504 region, confirming a continuation phase in its current trend structure.

Also Read: HBAR price consolidation signals move toward $0.145 resistance zone

RSI and EMAs Point to a Bullish Reversal for HBAR

According to TradingView, the HBAR price has been falling into an aggressive downtrend channel, creating a prolonged bottoming phase. 

Although the longer time frames are still maintaining their bearish bias with higher moving averages, the HBAR price witnessed a surprising spike with the formation of an extremely strong bullish candle that propelled the price all the way up to $0.09789, recapturing the 20-day, 50-day, and 100-day EMAs.

RSI and EMAs Point to a Bullish Reversal for HBAR

Source: TradingView

The 14-period RSI indicates an abrupt spike in momentum after escaping its earlier range-bound movement within 40 to 60. Its new level comes out to be 63.37, crossing its yellow signal line of 47.16 by a great margin. 

The aggressive jump clearly indicates buying momentum, indicating that the HBAR price is seeking a turnaround in the macro trend.

Hedera Expands Fintech Presence at Money20/20 Europe

The data from Hedera further highlighted that the platform will be heading to Amsterdam in a week’s time as an official sponsor at the Money20/20 Europe event, highlighting its standing as the trust layer of the digital economy. 

The platform will be exhibiting its uses for such purposes as stable coins, tokenization, regulated payments, identities, and artificial intelligence-driven commerce.

Hedera Expands Fintech Presence at Money20/20 Europe

Source: Hedera’s X Post

Hashgraph representatives Andrew Stakiwicz and Kash Balhotra will attend the event to network with key figures from the sector. 

Hashgraph aims to demonstrate the benefits of using its technology as an effective tool for building secure and scalable systems that meet regulatory requirements.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: HBAR Price Breaks Out of Multi-Month Consolidation With $0.122 in Focus

Bitcoin Price Faces Rising Leverage Pressure as Liquidation Risks Increase

By | Edited By Ammar Raza,,

Bitcoin (BTC) price is under pressure due to rising leverage pressure in the derivatives market, according to Alphractal data. This rise in leverage could lead to higher volatility and an increased risk of liquidations, as the Leverage Pressure Zone model suggests that leverage levels are becoming excessive.

At the time of writing, BTC is trading at $73,850 with a 24-hour trading volume of $22.46 billion and a market capitalization of $1.48 trillion. The Bitcoin price recorded a modest 0.41% increase over the last 24 hours, but underlying market indicators suggest caution remains necessary.

BTC price chart
Source: CoinMarketCap

Also Read | Stellar Price Breakout Signals Potential 165% Upside Toward $0.681 Target

BTC Faces Higher Risk in Leverage Zones

On May 31, 2026, Joao Wedson, the Alphractal Founder & CEO, shared information based on their model called “Bitcoin Leverage Pressure Zone”. This model is used to detect instances of excessive levels of leverage in the derivatives market of Bitcoin relative to the capital backing the market.

BTC Leverage Pressure Zone chart
Source: Joao Wedson’s X Post

This model incorporates derivatives statistics from 29 exchanges in addition to on-chain statistics, which gives a more comprehensive view of leverage positions. As per Wedson, the method allows for determining whether leverage is increasing to levels where the chances of increased volatility are higher.

Green and blue denote low leverage pressure or deleverage phases, while yellow indicates a balanced phase. The orange, red, and dark red zones highlight increasing leverage pressure, indicating increased vulnerability of the market towards cascade liquidations, price fluctuations, and margin calls.

BTC Leverage Pressure Zone chart
Source: Joao Wedson’s X Post

Bitcoin Price at Risk from High Leverage

According to Wedson, there is a natural inclination for markets to gravitate towards high liquidity zones. Where there is excess use of leverage, the market typically heads into a phase known as deleveraging, which sees the over-leveraged positions being liquidated.

He emphasized that the calculation of leverage should not be solely focused on the open interest. Rather, one should consider whether the leverage is getting too big in relation to the capital backing the market. The higher this ratio gets, the more dangerous it becomes for the Bitcoin price.

According to Wedson, by integrating the Leverage Pressure Zone model with Liquidation Levels and Alpha On-Chain Levels, one can gain much more insight into the market situation and possible turning points.

BTC Price Momentum Remains Weak

Technical analysis suggests that the bitcoin price is still cautious despite its recent stability. The RSI is at 37.54 with a moving average of 42.22. An RSI below 50 suggests that there is not enough buying power in the market.

BTC technical analysis chart
Source: TradingView

Even for the MACD indicator, there is support for the bearish outlook. This can be observed in the fact that the MACD line is still under the signal line with values of -1,094.85 and -586.87, respectively, while the histogram stands at -507.98.

However, the gradual decrease in the MACD indicator relative to the signal line implies that the pressure from selling might be reducing. In case buying increases, the Bitcoin price might try to make a stronger comeback soon. It is important to consider leverage while keeping an eye on the new direction.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read | Solana Price Eyes Rebound Toward $87 Despite Falling Market Activity

CAKE Price Update Compression Zone Signals Imminent Move Toward $3.45 Target

By | Edited By Ammar Raza,,

PancakeSwap (CAKE) price is currently in an area of consolidation following a significant downtrend and has found stability within an important zone of accumulation. Currently trading above key support levels, CAKE’s chart shows a pattern in which tightness indicates that a breakout is coming soon.

At the time of writing, CAKE is trading at $1.50, reflecting a 7.78% gain over the last 24 hours. The CAKE also records a 24-hour trading volume of $93.24 million and a market capitalization of $489.24 million, signaling rising market activity around the token.

CAKE price chart
Source: CoinMarketCap

Also Read | Bitcoin ETF Pressure Builds As Traders Brace for Volatility at Key $79K Zone

CAKE Price Structure Shows Long-Term Recovery Setup

On May 31, 2026, crypto analyst Crypto Patel mentioned that CAKE has declined to 96% below the all-time high and can possibly be in the process of creating a long-term accumulation base. It was also seen that CAKE was trading in an accumulation range in the higher time frame at $1.37 to $1.18.

CAKE price chart
Source: Crypto Patel’s X Post

The chart shows a liquidity drain with a subsequent sharp reaction to a multi-year rising trend line, which has been supporting price action since 2022. Following such a significant pullback, the CAKE price may be regarded as forming a consolidation phase within a range.

CAKE Compression Builds Breakout Conditions

Currently, the CAKE price is trading within a compressing formation created by declining resistance and rising support. The idea behind the compressing formation is that the CAKE price could potentially make a breakout following the breakdown of the resistance line.

Important levels suggest that CAKE has been building an excellent accumulation pattern between $1.37 and $1.18, with important support at $1.15. A break below $1.15 on a weekly chart would undermine the pattern and recovery move, although the higher low is being formed, which means that the pattern is not invalidated yet.

If this pattern materializes, the long-term future for CAKE continues to be bright, with levels for gains set at $3.45, $9.77, $25.44, and possibly even higher at $50+ over a more extended period of growth.

Market Activity Supports CAKE Price Movement

Data from recent times also suggests growing activity in the price action of CAKE. The trading volume is up by 121.65%, reaching $62.75 million, while the open interest is higher by 16.59% at $26.44 million.

CAKE open interest and volume chart
Source: Coinglass

The OI Weighted funding rate at 0.0027% is an indication of a neutral environment in terms of positioning, with a slightly directional bias. This implies that the CAKE token price is not currently being dictated by aggressive positioning.

CAKE OI Weighted chart
Source: Coinglass

Overall, the CAKE price is currently forming a consolidation pattern within an important technical level where structure, volume, and price are all coming together. The next big move will depend on whether the CAKE price manages to maintain its levels of support and break through resistance.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read | Stellar Price Breakout Signals Potential 165% Upside Toward $0.681 Target

XRP Price Drops 26% as Market Cap Falls to $82 Billion in Q1 2026 Report

By | Edited By Ammar Raza,,

The XRP price started the quarter under pressure as XRP price movements reflected broader weakness across major digital assets. According to Messari, XRP ended Q1 2026 with a market capitalization of $82.21 billion, marking a 26.3% decline quarter over quarter.

XRP Market Cap Decline

Source: Messari

The XRP price drop came during a period where Bitcoin, Ethereum, and BNB together also declined by 23.3%, showing that market-wide sentiment weighed on large-cap assets.

In that period, however, XRP dropped to the fourth spot behind BNB before reclaiming its position as the third most valuable non-stablecoin. The XRP price had also affected its market share, taking 3.9% of the total market capitalization of cryptocurrencies without stablecoins.

XRP dropped to the fourth spot

Source: Messari

This is a reduction compared to 4% in Q4 2025 and a fall from 4.8% in comparison to Q2 2025. Nevertheless, XRP was still a top cryptocurrency due to its stability around crucial support levels.

Also Read: Coinbase Opens Crypto Derivatives Access for US Institutions

XRPL Network Structure, Fees, and Supply Impact on XRP Price

In addition to being impacted by the nature of the network of XRP, which burns all the transaction fees forever, the XRP price has seen reductions in total USD fees paid out by 39.3% to $80,710 and native fees paid out by 12% to 50,750 XRP in Q1 2026.

XRPL Network Structure, Fees, and Supply Impact on XRP Price

Source: Messari

In the process, since day one, there has been a burn of about 14.3 million XRP, leading to a gradual decline in the total number of XRPs in circulation.

The XRP price depends on the fixed number of XRP limited at 100 billion and the escrowed XRP release mechanism. A total of 1 billion XRP is released every month, and any extra is escrowed again.

XRP Price Movement and Institutional ETF Demand Growth

The XRP price has increased since it became more accessible to institutional players via U.S. spot ETFs. According to statistics for Q1 2026, the total amount of XRP that U.S. spot ETFs had on hand was 775.4 million, representing 1.26% of all XRP tokens in circulation. This number kept growing until reaching its peak of 810.2 million XRP in March.

However, significant XRP ETF sponsors such as Canary Capital, Bitwise, Franklin Templeton, and 21Shares have been relatively balanced in distributing their investments, thereby creating effective competition among ETF issuers.

XRP Price Movement and Institutional ETF Demand Growth

Source: Messari

Canary Capital held the highest number of XRP at 197.1 million, while Bitwise held the second-highest with 194.9 million. An increased market access made things easier for XRP ETFs due to the clarification offered by Ripple vs. the SEC in 2025.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: XLM Price Breakout From Descending Channel Points to an Upside Move to $0.41

Vietnam Proposes Allowing Digital Assets as SME Loan Collateral Expansion

By | Edited By Ammar Raza,,

Vietnam’s Ministry of Finance proposes allowing SMEs to use digital assets, intellectual property, and virtual assets as collateral for bank loans. The reform aims to ease credit access, reduce reliance on real estate, and encourage lending based on cash flow, credit ratings, innovation potential, and sustainable business growth.

Vietnam expands collateral definition

Vietnam’s Ministry of Finance has introduced a proposal that could reshape business lending rules for SMEs and startups significantly.

The draft revised Law on Support for Small and Medium-sized Enterprises allows firms to use digital assets, virtual assets, intellectual property rights, and other intangible holdings as loan collateral.

The move aims to improve financing access for private companies and startups facing persistent credit constraints.

Vietnam proposes digital assets as SME loan collateral.
Source: @CryptoNewsHntrs

Authorities want to reduce dependence on traditional collateral such as real estate. Instead, banks would gain permission to accept a wider range of lawful assets, including future-formed property rights.

The proposal reflects a policy shift toward recognizing value created through technology, data, and innovation. It also aligns with national strategies that position the private sector as a central driver of economic growth.

Officials in Vietnam believe the change can help unlock hidden value in modern business models that lack physical assets but hold strong growth potential in Vietnam’s digital markets.

Also Read: Bitcoin ETF Pressure Builds As Traders Brace for Volatility at Key $79K Zone

Financing gap for small businesses

Access to bank credit remains a long-standing challenge for SMEs in Vietnam. Although they make up more than 98% of all enterprises in Vietnam, they receive only about 20% of total credit in the economy.

Many small companies lack adequate collateral as per the set requirements, thus reducing the ability to borrow funds within the set requirements.

Many businesses rely on patents, software, and other technological infrastructure in operations, but lenders hardly consider these types of resources as collateral.

The low degree of financial transparency and inability to withstand risks reduce the possibility for small businesses to obtain finance. As indicated by the Ministry of Finance, this gap discourages innovation and the expansion of the private sector.

New direction for credit and incentives

This proposed law seeks to ensure that banks stop relying solely on collateral-based financing and instead place emphasis on factors such as credit rating, business plans, financial stability, and market prospects.

The idea is to reflect the performance of companies in today’s world. At the same time, there are incentives included in the proposal that cater specifically to eco-friendly, digital, and sustainable ventures.

SMEs would have the benefit of accessing credit guarantee services and concessional financing at reduced interest rates for their eco-friendly initiatives.

Tax incentives and faster depreciation of green equipment, among other benefits, are included in the proposal.

Recognizing the inefficiency of the existing incentive structures, including credit guarantee systems, the government will work to strengthen these structures as well as foster innovations in the SME sector.

Also Read: Nvidia Hits $5.4 Trillion Market Cap as Jensen Huang Joins Trump on China Trip

INJ Price Prediction: Bullish Momentum Signals an Explosive Move to $60

By | Edited By Ammar Raza,,

Injective (INJ) is showing strong bullish momentum as analysts predict a potential breakout for the INJ price fueled by rising investor interest, strong technical indicators, and ecosystem growth. The launch of INJ staking on Binance.US could further boost long-term engagement and market confidence.

At the time of writing, INJ is trading at $6.53 with a 24-hour trading volume of $355.01 million and a market capitalization of $653.61 million. Following the 3.29% gain over the last 24 hours, the INJ price structure and network growth point to a bullish reversal.

INJ current price

Source: CoinMarketCap

INJ Price Could Be Preparing for Its Next Big Rally

According to the crypto analyst Javon Marks, the INJ price is gaining renewed bullish momentum after flashing a technical signal that previously triggered a massive 37x rally. 

Analysts say the current setup suggests the altcoin could be entering the early stages of another major breakout, as buyers continue defending key support levels while momentum indicators strengthen across higher timeframes in recent trading sessions.

INJ price prediction

Source: Javon Marks’ X Post

The INJ price is likely to target the $60 level if bullish sentiments continue to build up during the coming weeks. 

The rising popularity of INJ, together with its growing ecosystem and the heated environment in altcoins, may lead some speculators to believe that INJ will become one of the best-performing projects during the next leg up in the crypto rally.

Also Read: Injective Price Eyes Breakout as Bullish Triangle Signals Rally Above $6

Technical Outlook Points to Strong Bullish Momentum

According to TradingView, the INJ price indicates a robust bullish reversal signal. Following the decline to a low of about $2.85 in April, prices rose through the month of May, breaking out from all critical moving average levels, particularly the 200 EMA. 

The INJ price action ended with a large green candlestick, taking the coin higher towards $6.58.

INJ technical analysis

Source: TradingView

Simultaneously with the INJ price explosion, there are clear technical signals pointing to an aggressive uptrend. This is reflected in the short-term EMA formation in a bullish pattern above the long-term lines. 

However, the RSI for 14 days now stands at 75.68, indicating an overbought situation and hence some rest for the bulls ahead.

Injective (INJ) Staking Goes Live on Binance.US

The data from Binance. US further highlighted that the INJ staking program on Binance US has finally gone live, providing yet another way for traders to receive weekly payouts through a simple staking program. 

This is yet another landmark event for the thriving Injective Network, which continues to gain support from exchanges and staking facilities.

Injective (INJ) Staking Goes Live on Binance.US

Source: Binance.US’ X Post

Users of Binance in the United States can now stake INJ through a simple process that includes having the convenience of being able to unstake whenever they wish. 

This move will help in increasing community participation in the Injective network, as staking products attract investors seeking profits in the crypto asset industry.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: INJ Price Prediction: Descending Channel Breakout Could Target $50+ Rally

Circle Freezes Zama Confidential USDC Contract Locking $12.6M in Funds

By | Edited By Ammar Raza,,

Circle has frozen approximately $12.6M USDC following a U.S. federal court order tied to an ongoing legal dispute involving a decentralized finance protocol. The move involves the USDC Contract, where Circle blacklisted a smart contract associated with Zama’s Confidential USDC wrapper on the Ethereum mainnet.

As per Crypto Aman on X, the affected contract holds the funds inside the privacy-focused wrapper, effectively blocking liquidity. Moreover, the blacklisting of the USDC Contract reveals how stablecoin issuers have centralized control over the smart contract system used in decentralized finance.

Also Read | XRP Ledger Set for Major Evolution as Anonix Envisions AI-Powered Web3 Ecosystem

USDC Contract Freeze Disrupts DeFi Liquidity and User Access

The USDC Contract blacklist impacts decentralized finance flows due to a lock-up of assets in the protocol’s smart contract system. There has been a claim by Snapshot that the USDC Contract case has unveiled information about claims for almost $15 million being the assets of OVN holders.

ZachXBT noted that Circle was unable to freeze nearly $420 million across 15 different incidents involving fraud and crypto hack-related thefts since 2022.

Alleged Compliance Failure
Source: ZachXBT’s X Post

No rationale for blacklisting the contract by Circle was made public. However, crypto on-chain analysts say the issuance of the blacklist is an enforcement action related to the civil court order. It proves that stablecoin issuers take action based on legal or law enforcement orders affecting decentralized finance protocols running on the Ethereum network.

Zama Protocol Freezes and Compliance Fallout

Zama co-founder Rand Hindi has clarified that the USDC contract blacklist happened after a restraining order on wallets belonging to the Overnight Finance protocol had been issued. He also said that the Zama protocol was not informed in advance about the blacklist issuance by Circle.

The protocol founder emphasized that Zama does not provide any transactional anonymity since its system is not a mixing service. According to the Zama protocol, the funds amounting to over 12.5M have been deposited in the cUSDC by a hacker when there were no sanctions enforced. It constituted 99 percent of all contract funds.

The new blacklisting incident comes amidst continued criticism of Circle’s freeze policy. The controversy started with Circle’s wallet blacklist and delayed response to the exploitation incidents. However, Circle CEO, Jeremy Allaire, assures that these moves happen only upon legal or law enforcement directive, not during attacks or hacks in real time.

Also Read | AAVE Price Prediction: Consolidation Near $82 Sparks Hope for Relief Rally

XRP Price Faces Breakdown Risk Below $1.35 as Bearish Pressure Builds

By | Edited By Ammar Raza,,

XRP Price is trading near a crucial support zone around the mid-$1.30 range, where price action remains tightly compressed amid weak market catalysts. XRP Price is currently experiencing a period of volatility with no particular news affecting the asset.

XRP is currently trading around $1.34, showing a slight 0.32% decline over the past 24 hours. Its current market capitalization stands at $82.64 billion. Daily volume is currently estimated at $1.41 billion. XRP market share reaches approximately 3.32%.

XRP price chart
Source: CoinGecko

Also Read | XRP Price Near $1.32 as Bulls Prepare for Potential Breakout Momentum Shift

XRP Price Technical Breakdown Risk Below $1.35 Support Zone

As per a recent post by Ali Martinez, market players have increased their interest in the $1.34–$1.35 zone. In terms of technical setup, the analyst stated that the asset is currently trading at the lower bound of the rising channel, potentially acting as a buying zone.

XRP price analysis
Source: Ali Martinez’s X Post

As market participants pay attention to the current situation with the asset’s price, the behavior here will eventually determine either a rebound scenario or a breakdown of the zone if the sellers’ pressure is strong enough.

Intraday Range and Price Structure

As shown by recent trading statistics, XRP has been fluctuating within the range between $1.35 and $1.40, forming a tight trading range. When the price is moving in this tight range, this usually means that the asset is building some momentum.

Once the asset manages to defend this level, the nearest targets of upside are located at $1.37, $1.39, and $1.40. As for downside risks, breaking below $1.35 will likely mean a further slide towards $1.33, which will become the nearest support.

XRP Rebound Possible If Support Holds

From the side of current market positioning, there are two possible scenarios for XRP. On the one hand, the traders believe that XRP will experience a quick rebound due to the repeated defense of the level of $1.35.

XRP technical price analysis
Source: TradingView

This split creates an environment where quick price swings can happen, especially during low-news sessions. When external catalysts are limited, technical levels tend to guide short-term moves more strongly.

Breakdown Below $1.35 Weakens Recovery Case

At the moment, the situation with XRP shows the importance of the $1.35 level of support. The distance between support at $1.35 and resistance near $1.40 is relatively small, meaning even modest buying pressure could push the price upward quickly.

If the bulls gain momentum, XRP will likely retest the levels of $1.39-$1.41, being the first level that might cause a slowdown in upward momentum. If the price fails to defend the $1.35 level, the chances of a short rebound scenario will fall significantly.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read | EU Crypto Tax Proposal Could Raise Up to €2.4B Annually