Category: News

XRP slipped nearly 10% over the past week while shaking off recovery tries. The token now lingers near $1.11 after a 2% drop on Tuesday. 🦇

XRP’s Path to Growth 🖤

EGRAG CRYPTO noted that XRP’s central line has long marked the shift from quiet hoarding to sharp rallies. Earlier cycles showed hefty climbs once price crossed it, leading to two fresh upside goals this round.

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The line currently floats above spot price and may drift toward the $2.20-$2.60 zone ahead. Targets stem from past percentage jumps past this marker, not today’s levels. One prior run delivered roughly 330% gains above it, while another hit 200%. Their average points to 265% expansion, landing near the $8 area. A milder path sees only 60% of prior fire, equating to 120% above the line and a $5.70 goal.

Upbit Steps Up 🔮

Separate figures from CryptoQuant show whale transfers to Binance easing, hinting at softer near-term sell pressure. XRP still sits below the McGinley Dynamic, so reclaiming that line stays key for any real bounce while $1.08 holds as vital support. Check the data. Activity has swung toward Upbit, with its net wallet-flow share climbing from 13% on June 8 to 37% by June 22, the highest in over a year. See the flows. Binance dropped to zero share and Crypto.com followed, leaving deposits clustered on the Korean platform.

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Pi is down 4% this week and keeps testing the edge above $0.13 amid murky DeFi vibes 🖤.

Key Support Under Pressure 🌙

After some back-and-forth Pi has returned to the $0.13 key support level. Buyers tried to push this cryptocurrency higher toward the $0.16 resistance yet their attempt was short-lived and the price reversed. In the past week sellers have dominated the chart and they appear keen to break the support at $0.13. If they are successful and this level turns into a key resistance then the next target for sellers will be at $0.10.

Downtrend About to Resume? 🦇

A major concern based on this price action is a resumption of the downtrend with new lows expected. That is likely to happen as soon as $0.13 is lost. That’s also why this level is critical for bulls to hold. Any weakness there will quickly be exploited by sellers. Ideally the price should have reacted strongly at the $0.13 support level but buyers only managed a very small bounce which was quickly sold into. Without any bullish momentum present sellers have an opening to take Pi lower.

MACD Shows Weakness 💀

While the daily MACD is on the bullish side this has turned flat on the histogram for over a week and now it’s making lower highs. That’s a clear sign of a possible reversal in the future that could lead into a bearish cross. Moreover the moving averages are curving down. That’s another sign that buyers are no longer in control despite their best efforts from earlier this month. Keep a close eye on the $0.13 level as that will decide where Pi goes next.

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A strengthening US dollar might squeeze Bitcoin even tighter while institutions dump hard amid all the chaos and rising inflation 💀.

Dollar Rise Crushes Crypto Vibes 🕸️

The bear market kicked in right when the DXY bottomed out said Swissblock analysis on Monday. At first the dollar drop seemed to lift BTC but that reversal flipped the script. DXY tracks the greenback against other currencies. Once the index climbed back up liquidity dried out selling ramped up and the Risk Index jumped while Bitcoin’s setup crumbled. The dollar held steady and BTC attempted a bounce in April plus early May yet the boost faded quickly according to the analysts. BTC does not only need sellers to run out of pressure. It also needs the dollar headwind to stop strengthening. DXY reached its peak since May 2025 by crossing 101 again this week according to TradingView. The dollar has climbed 5.6% from the DXY low of 95.6 back in January. A firmer dollar points to tighter money flows which cuts cheap cash and drains liquidity so Bitcoin demand fades fast. It also makes holding cash or dollar assets look better especially if rates climb higher this year. Analyst Benjamin Cowen observed that BTC is trapped between the Bear Market Resistance Band and the 200-week simple moving average. A decisive move down later this year while initially scary would likely just set up the market cycle bottom for Bitcoin in Q4 2026 he said. Meanwhile Galaxy Research reported on Monday that on-chain distribution by five-year-plus Bitcoin holders has overwhelmed institutional absorption for the last four weeks adding more weight to the asset. This cycle has seen the most significant OG selling in Bitcoin’s history said CryptoQuant analyst Darkfost.

Onchain distribution by 5+ year bitcoin holders has overwhelmed institutional absorption for the last 4 weeks pic.twitter.com/hjA0n5uMOV

— Galaxy Research (@glxyresearch) June 22, 2026

BTC Price Path Looks Down 🦇

Bitcoin hit an intraday high of 65468 on Monday its highest price for five days but it could not push further slipping back below 64000 during the Tuesday morning Asian trading session. Volume and liquidity keep tightening so BTC stays pinned around these levels yet with extra pressure from the stronger dollar the easiest route points downwards.

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A fresh take on Ethereum’s funding woes has emerged, letting validators steer up to 10% of their staking rewards into ecosystem growth if over half agree 🦇. This sparks fresh talks on supporting public goods amid tightening budgets for core devs.

Fresh Idea to Tackle Eth’s Cash Crunch 🌙

Ethereum contributor Clément Lesaege dropped this “Validator Redirected Revenue” concept on his own. It gives validators power to pick both the slice of rewards to divert and who gets the funds. The setup tackles a real coordination snag where network-wide projects lack enough backers willing to chip in.
Under the plan, a redirect rate over zero clicks in for everyone once 51% of validators back it. The cap sits at 10% of rewards, with an easy out to reset to zero. Validators also choose favorites for cash flow, and execution clients tally preferences to set a distribution contract via vote. With 39.8 million ETH staked and a 1.91% yearly reward rate, a 5% redirect would push around 38,000 ETH annually into development while 10% scales that to 76,000 ETH.
Cartel risks top the worry list, since a 51% group could theoretically siphon the full 10% back to itself. Yet the upside seems too slim against heavy reputational hits and price drops that would follow.

Skeptics Poke at Power Plays and Payoffs 🕷️

Developer Micah Zoltu flagged how this creates a tempting pot of cash unlike older attack paths, shifting incentives in a risky way. He noted no clear fix exists and that’s why other chains skipped similar moves. Lesaege countered that Bitcoin and Ethereum already face theoretical cartel threats that never hit, with social layers like forking acting as solid brakes.
Some questioned if protocol funding even fits, as pseudonymous dev señor doggo pointed out Ethereum already handles smart contract revenue shares. They want any support to stay voluntary and competitive rather than baked into the rules. Check the take here
DeFi builder S. More leaned into optional giving, saying they’d happily split staking yield with favorite dev teams without forcing it. See their view here
Timing feels tense after ex-Ethereum Foundation voice Trent Van Epps flagged potential funding crunches soon as programs wind down and spending tightens. Other links like this research thread open fresh in new tabs for deeper dives.

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