Category: News

Ripple keeps lingering in this gloomy market vibe even after some tries to bounce back lately. Sellers keep pushing back whenever prices creep up a bit higher. Now the focus shifts to this make-or-break demand spot that might lock in stability or send things tumbling further.

Daily XRP Chart Peek 🕸️

XRP stays locked inside that big downward sloping channel active since the year kicked off. It just got turned away from the resistance band near 1.22-1.29 dollars a zone that has capped gains again and again amid the slide. That rejection lined up right where the channel top meets the 100-day moving average adding extra weight to the barrier. After the pullback price slid back toward the crucial demand pocket around 1.02-1.08 dollars. Buyers have shown up here multiple times making it the standout support on the daily view. Staying above this spot could let things drift sideways in the lower channel section for a while. Dropping under 1.02-1.08 dollars might wreck the current hold and open a path to the channel floor hinting at a sharper drop ahead.

4-Hour XRP Snapshot 🔮

Zooming into the four-hour frame shows the fresh weakness more clearly. XRP surged hard from the lower demand area only to lose steam once it hit the descending trendline and the same supply pocket near 1.22-1.29 dollars. Lower highs and lows have followed since painting a short-term bearish picture. Price has looped back to the key demand band at 1.03-1.08 dollars the same floor that sparked every solid rebound since late June. Holding this level could spark another relief push toward the trendline and the 1.22-1.29 dollar resistance keeping XRP in its wider range while leaving room for a bigger move later. Losing the zone decisively would mark a clear shift in structure and hand momentum back to sellers. Right now the token sits at this tense support spot. Broader caution still rules below the main averages and channel top yet 1.02-1.08 dollars stays the line bulls need to guard to avoid a fresh slide.

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Just another echo from the void by iconofsin.eth 💖

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According to data from Arkham Intelligence wallets tied to the United States government have shifted nearly 300 million dollars in bitcoin and ether straight to Coinbase Prime. This move has stirred fresh whispers that Washington might be gearing up to offload chunks of its hefty BTC holdings despite earlier vows. 🖤
The assets trace back to seizures from the Ryan Farace dark web case and the old BTC-e exchange for the bitcoin portion while the ether links to Brian Krewson’s custody and laundering scheme. 🌙

Is Trump About To Snap His Oath? 🦇

The transfers covered 3940 BTC worth around 244 million dollars at transfer time plus 30014 ETH valued near 53 million dollars for a grand total of 297 million dollars. Shifts like these to Coinbase Prime spark talk since the platform handles big institutional trades yet it also offers custody and financing so this alone does not prove any sale happened. 🕸️

THE US GOVERNMENT JUST DEPOSITED $280M OF CRYPTO TO COINBASE PRIME

The US Government just deposited a total of $288.33M of BTC and ETH to Coinbase Prime. This includes confiscations from Brian Krewson, BTC-e, and Ryan Farace.

Will they be selling it all? pic.twitter.com/M5srRI3KJU

— Arkham (@arkham) July 13, 2026

Even without an outright dump the ripple effects could sting hard since President Trump signed that executive order back in March 2025 to build a Strategic Bitcoin Reserve promising no sales on seized coins once they land inside it. 🔪

Does This Really Break Any Rules? 💀

The fine print matters most because the order bars sales only on assets moved into the reserve while allowing plenty of exceptions like returning funds to victims using them for law enforcement sharing with states selling via court order or meeting legal duties. 🎀
A 297 million dollar move and potential sale would not automatically violate anything if the coins never entered the reserve or still face restitution needs. The big open questions now revolve around whether these exact funds hit the reserve and what legal strings still attach. 🪦

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Just another echo from the void by iconofsin.eth 💖

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ETH and XRP traders have become notably more optimistic with market intelligence firm Santiment reporting the highest levels of fear of missing out (FOMO) for both assets in the past five weeks 🖤. The change in tune has come even with prices struggling to build sustained momentum raising the possibility that bullish sentiment may be running ahead of market performance 🌑.

XRP Leads Sentiment Spike While BTC Stays Balanced 🕸️

According to a July 13 X post by Santiment XRP’s bull-to-bear ratio sat at 3.02 meaning that there were more than three positive posts online for every negative one. Ethereum wasn’t far behind at 2.31 placing it in what the analytics platform described as “slight FOMO territory.” As for Bitcoin (BTC) it posted a much lower 1.40 suggesting that traders were relatively neutral about it ✨. Both BTC and ETH opened relatively strong on Monday but faded as the day went on with Santiment pointing out that crowds tend to get loud at the wrong moment 🦇.

“Crypto typically moves opposite to what the crowd is loudly expecting” the firm wrote. “When traders get too bullish on XRP or ETH while prices are already dipping it can create short-term downside risk or at least slow the rebound.” However it argued that Bitcoin’s flatter reading may give it more room for a rally since the crowd hasn’t fully bought into the “higher prices next” trade yet 💉. This assessment was echoed by trader Xaif Crypto who also argued that BTC’s calmer sentiment means more room to run while the heavier optimism surrounding XRP and ETH could limit their immediate recovery.

Looking at the price actions of the three assets XRP had slipped below $1.08 a resistance level highlighted by analyst Cryptorphic and was trading around $1.07 at the time of writing a roughly 5% drop in the last seven days and almost 7% over the past month 🩸. According to the analyst the token is quite vulnerable as long as it trades beneath $1.08 with even lower prices seeming likely. On its part ETH has held up better and was trading closer to $1,800 than $1,700 having gained a modest 1% over one week and more than 6% in the last 30 days 😼. It did move briefly above $1,800 over the weekend before pulling back although several market watchers have expressed optimism that the current level could see the asset push up to $2,500.

Meanwhile Bitcoin dipped slightly in the last day after starting July rather strongly when it rebounded from around $57,700 to $64,000. It is currently changing hands below $63,000 with wallets holding between 10,000 and 100,000 BTC adding 11,000 BTC in the last week suggesting that dip demand hasn’t dried up despite weeks of choppy trading.

Optimism Faces Mixed On-Chain and ETF Signals 🕯️

While traders have become excited about XRP the asset has had to contend with cooling institutional and whale activity marked by spot XRP ETFs recording their first week of net outflows in more than 2 months. Furthermore on-chain data also showed a significant drop in XRP transactions of more than $1 million which have gone from 70 to only 2 in about a week while wallet creation on the XRP Ledger has also slowed compared with earlier in the year.

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Just another echo from the void by iconofsin.eth 💖

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Long-time crypto trader Ogle dropped a warning on July 13 that tiny meme coins with thin liquidity can evaporate in minutes once a handful of big holders hit sell. 🖤

Pointing at the brutal losses around CASHCAT the latest hype token he stressed how those paper riches vanish the moment leverage meets shallow books and whale wallets collide. 💸

How Tiny Liquidity Pools Turn Deadly Fast 💀

In a post on X Ogle shared a simple truth that far too many traders sit on hundreds of thousands or even millions in unrealized gains. Check the thread here. If just two or three decide to exit the price craters especially on smaller memes.

“When a ton of people have made hundreds of $k or $m in a token, unrealized, in this type of market, it only takes 2-3 of them to sell (if the token is small, especially a meme with little liquidity) for everything to collapse quickly.”

— cryptogle (@cryptogle) July 2024

Perps make the bleed worse because borrowed leverage amplifies every dump.

CASHCAT the Robinhood Chain meme soared over 3200 percent in a week and briefly touched a 226 million dollar market cap near its all-time high of 0.2288 dollars. One trader flipped 15 million tokens bought for 838 dollars into over 1 million in profit yet could have reached nearly 2.9 million by holding longer. Another turned 69 dollars into 711 yet missed a potential 2.7 million.

Those liquidations hit hard right after the Hyperliquid perp launch.

Data shows CASHCAT plunged about 60 percent with roughly 90 percent of longs wiped out which only fed more selling. At writing it recovered a bit to just under 0.16 dollars still down over 18 percent daily and more than 30 percent from the peak. See the chart tweet.

CASHCAT value crash details and liquidations

— InfoSpace_OG (@InfoSpace_OG) July 2024

Chasing Memes Versus Building With Utility Tokens 🌹

Ogle an advisor to the Trump-backed World Liberty Financial noted that while memes can spike fast his biggest wins came from slower utility plays like Solana BNB Ethereum Litecoin and Bitcoin. Those require patience many traders lose interest before the real upside arrives. 🕯️ ⚰️ 🦋 ☠️

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Just another echo from the void by iconofsin.eth 💖

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