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Pi Network Completes a Major Milestone, Yet PI’s Price Keeps Bleeding: Details
The team behind the controversial crypto project rolled out a major upgrade intended to strengthen the entire ecosystem. Nonetheless, the positive news failed to trigger a rebound for PI, whose valuation nosedived to yet another all-time low. Upgrade Completed Pi Network has made significant progress in recent months. In February, the Core Team unveiled protocol version 19.6, followed by an upgrade to v19.9. Later on, they introduced the highly anticipated v20.2, which set the foundation for smart contract capabilities. Last month, the team announced a migration to protocols v22 and v23, setting June 2 as the deadline to complete the transition to v24. This development was disclosed on Pi Network’s official X account earlier today (June 5). “Great job to all Nodes! This was one of the most challenging migrations,” the message reads. The upgrade to protocol 24 is primarily focused on enhancing the underlying infrastructure that supports node operations and mainnet activity. The Core Team revealed that migration to v25 is next in line, with June 18 designated as the completion deadline. In addition to the protocol update, Pi Network has recently advanced further in the gaming field. As CryptoPotato reported , CiDi Games (a Pi Network Ventures portfolio company) released four new games for Pioneers. Those include Coin Whack, Fruit Stack, Gemnova, and RainbowCubes. PI Price Outlook Despite the aforementioned developments, PI’s valuation remains heavily suppressed by the bear market and the latest pullback, which swept through the entire crypto market. Earlier this week, it collapsed to a new all-time low of around $0.12, representing a 33% decline for the month and a whopping 96% crash from the historic peak of $3 witnessed at the start of 2025. PI’s market capitalization has fallen to roughly $1.3 billion, making it the 58th-largest cryptocurrency. Certain factors signal that a further correction could be on the way. Data show that the number of PI coins stored on exchanges has soared by over 500,000 in the past 24 hours, bringing the total to over 550 million. This suggests that numerous investors have transferred their holdings to centralized platforms, thus increasing immediate selling pressure. PI Exchange Balance, Source: piscan.io The upcoming token unlocks are next on the list, with approximately 160 million PI set to enter circulation over the next 30 days. June 11 stands out as the record day when 16 million coins will be released. This development doesn’t guarantee a steeper downfall, but it will allow some investors to cash out tokens they have been holding for a long time. PI Token Unlocks, Source: piscan.io The post Pi Network Completes a Major Milestone, Yet PI’s Price Keeps Bleeding: Details appeared first on CryptoPotato .

2026-06-05 19:45
Bitcoin’s Price Drops Below $60K for the First Time Since October 2024
The cryptocurrency market continues to suffer. Over the past 24 hours, Bitcoin’s price has fallen by a considerable 5.5%. More notably, it dipped below the coveted $60,000 level for the first time since October 2024. Source: TradingView As CryptoPotato reported earlier, the move reflects a broader market downturn where altcoins are suffering equally, if not worse than Bitcoin. This has resulted in a whopping $1.5 billion worth of liquidated derivatives positions throughout the past 24 hours, as the downturn doesn’t appear to ease. BTC’s price has bounced slightly after dropping to $59,743 and it’s interesting to see if this level will be able to halt further downside. The post Bitcoin’s Price Drops Below $60K for the First Time Since October 2024 appeared first on CryptoPotato .

2026-06-05 19:20
Ripple Price Prediction: How Low Can XRP Go If $1 Support Cracks?
XRP opens June with its most significant decline of the past 3 months. The $1.20 support band, which served as the absolute floor for months, is being breached, with the price now trading at $1.11. The RSI is also printing its lowest reading since February’s capitulation, and the next meaningful support is nearly $0.30 lower. This is not a pullback from resistance; it is likely a breakdown of the last line of defense. Ripple Price Analysis: The USDT Pair On the USDT chart, the $1.20 support band, which held strong during the February crash and has remained untouched since, is on the verge of breaking down. The RSI has also collapsed to approximately 20–25, nearing the oversold extreme seen at the February capitulation low. That reading alone warrants attention, as historically, RSI at these levels has preceded, at minimum, a sharp relief bounce even within a broader downtrend. However, an oversold RSI does not mean a floor has been found on its own. The $1.20 level is now likely to flip into resistance, and any bounce needs to reclaim it on a sustained closing basis to suggest the breakdown is being reversed rather than simply paused. Below the current price, the next structural reference is the $0.80 demand zone, which also converges with the descending channel’s lower boundary. This is a meaningful confluence of support, but still at a significantly lower level. The 100-day moving average at $1.35 and the 200-day moving average at $1.60 are now both heavily overhead, leaving XRP with a stack of resistance above and thin structural support below on the USDT-paired chart. The BTC Pair The BTC pair is telling a more resilient story. XRP/BTC is trading at 1,800 sats, holding above the recent lows at 1,740 sats. The RSI, which surged to 70 at the end of May in what looked like a meaningful momentum shift, has already faded back to 50, indicating that the brief strength has not followed through into sustained buying. The price is sitting below the 1,850 sat short-term resistance after getting rejected by the level again, with the declining 100-day moving average at approximately 1,900 sats acting as the immediate dynamic overhead resistance. The fact that the ratio has held while the USDT pair broke down suggests the XRP weakness is partly a function of broader altcoin selling in dollar terms rather than XRP-specific deterioration against Bitcoin. A confirmed close below 1740 sats on the BTC pair, particularly if it coincides with continued USDT pair weakness, would mark a definitive breakdown on both pairs simultaneously, which exposes the 1,500 sats area as the next reference below. The post Ripple Price Prediction: How Low Can XRP Go If $1 Support Cracks? appeared first on CryptoPotato .

2026-06-05 18:22
$4M XRP Liquidity Rollover Marks Major Achievement for Flare
Flare Network’s XRP-based decentralized finance ecosystem reached a new milestone with an automated liquidity rollover. The process moved over $4 million in capital between fixed-term yield markets without disrupting trading activity. The rollover took place on June 4, 2026, when the largest stXRP fixed-term pool on Spectra Finance reached maturity. Managed through GamiLabs’ FXRP MetaVault, the process automatically transferred liquidity into successor pools expiring on August 27 and November 26, 2026. How MetaVaults Managed the stXRP Liquidity Transition MetaVaults were introduced in February 2026 to address operational challenges associated with fixed-term yield tokenization. The system uses a single smart contract to monitor expiries, select new markets, and route liquidity according to predefined on-chain rules. Under the model, liquidity providers deposit assets once and receive a vault token representing their position. The vault then manages future rollovers automatically, removing the need for users to manually withdraw and redeploy funds whenever a market expires. The transition addresses a long-standing issue in fixed-term DeFi markets known as the expiry cliff. In many cases, maturing pools lead to fragmented liquidity and reduced market activity as participants move capital into new pools. During the June rollover, liquidity was already available in the replacement markets before the original pool matured. This helped maintain continuous market depth and avoided the disruption often associated with fixed-term expiries. The significance of the rollover was amplified by the scale of the maturing market. The stXRP pool recorded more than $25 million in lifetime trading volume during its four-month duration. By May, it was delivering double-digit fixed rates, reflecting sustained activity ahead of expiry. Spectra Finance Yield Infrastructure Spectra Finance remains one of the most active yield trading platforms on Flare, supporting structured yield products through FXRP. FXRP serves as a trustless and overcollateralized representation of XRP within Flare’s FAssets framework. GamiLabs oversees the FXRP MetaVault, while Firelight issues stXRP used within the ecosystem. Together with Spectra’s protocol infrastructure, these components support a growing market for XRP-denominated yield strategies. The operational impact of this structure is highlighted by comments from Spectra Finance co-founder Gaspard Peduzzi. According to him, the MetaVault framework turns expiry events into continuous market transitions. He added that this approach could support deeper and more efficient XRP yield markets by reducing operational friction linked to fixed-term maturities. The post $4M XRP Liquidity Rollover Marks Major Achievement for Flare appeared first on CryptoPotato .

2026-06-05 18:00
Bitcoin Crumbles Toward $60K, Strategy Sold BTC, Zcash Faces Critical Vulnerability: Weekly Crypto Recap
It was quite the week for the cryptocurrency markets, dominated to a very large extent by the bears. Here’s the breakdown. The previous weekend was quite sluggish, although BTC had already declined to $74,000 from the May top of almost $83,000. However, the worst was yet to take place. As the new business week and month began on Monday, bitcoin experienced a quick and painful decline. It first dumped toward $70,000, and even though that psychological level held the first breakdown attempt, it eventually gave in, and the landscape quickly worsened. The cryptocurrency kept losing key support levels one after the other, and each bounce-off attempt was halted in its tracks. The bears appear to be in full control, even today on Friday. Earlier today, BTC dipped below $62,000 again and slipped to $61,000. It rebounded to $63,000 within minutes, which only increased the liquidations across the board, only to be rejected again. The latest leg down transpired minutes ago when the asset slumped below $61,000 to chart a fresh four-month low. Thus, the cryptocurrency has lost well over $20,000 since its mid-May top as it now struggles to remain above the coveted $60,000 support. The weekly decline is quite obvious and striking. BTC has plummeted by 15% since this time last Friday, and by a whopping 26% monthly. Its market cap has shed over $400 billion in weeks and is down to $1.2 trillion on CG. Even its dominance over the alts took a hit , even though many have charted similar or even worse declines. Some of the notable examples include ADA, which is down by over 30% following Charles Hoskinson’s decision to take a break , and Zcash’s 41% drop after some technical vulnerabilities were uncovered earlier. Market Data Market Cap: $2.18T | 24H Vol: $138B | BTC Dominance: 55.7% BTC: $60,650 (-15.5%) | ETH: $1,600 (-17%) | XRP: $1.11 (-14%) Cryptocurrency Market Overview Weekly June 5. Source: QuantifyCrypto This Week’s Crypto Headlines You Can’t Miss Strategy Sold Bitcoin, But It’s Not What You May Think . Bitcoin’s big troubles began shortly after Strategy announced its first sale in years. Although it disposed of a very tiny portion of its BTC holdings, it still triggered a community reaction and perhaps led to a significant worsening in the overall market sentiment. Peter Schiff Warns Bitcoin Could Plunge Below $20K as Complacency Sets In . In an entirely expected comment on X, Peter Schiff took advantage of BTC’s price crash and predicted an even bigger calamity to $20,000 if the $50,000 support is lost. Strive Doubles Down on Bitcoin With $185M Buy, Holdings Near 19,000 BTC . Unlike Strategy, Strive made its first purchase in a long time, expanding its holdings to almost 19,000 BTC after a substantial $185 million accumulation of the asset. Arthur Hayes Dumps Entire Zcash (ZEC) Position After Major Flaw Emerges . Shortly after the news of Zcash’s issues went viral on X, Arthur Hayes, who had been supporting the project for a while, said he had disposed of his entire ZEC position, citing a lot of uncertainty. Cardano (ADA) Faces Make-or-Break Moment as Social Buzz and Network Activity Explode . Hoskinson’s break, combined with ADA’s massive price calamity, led to a significant increase for Cardano, with the social media activity going wild. Ethereum Crashing to 14-Month Low Is a ‘Screaming Buy-The-Dip Opportunity’ – Analyst . ETH was not spared by the overall market crash, dumping to consecutive 14-month lows at under $1,800 and then to $1,600. Some analysts, though, believe this could be a proper buy-the-dip opportunity. Charts This week, we have a chart analysis of Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid – click here for the complete price analysis . The post Bitcoin Crumbles Toward $60K, Strategy Sold BTC, Zcash Faces Critical Vulnerability: Weekly Crypto Recap appeared first on CryptoPotato .

2026-06-05 17:47
Bitcoin Price Analysis: Where Is BTC Heading Next After Drop Below $61K?
Bitcoin remains under heavy selling pressure after crashing below multiple key support levels in quick succession. The recent rejection from the descending 200-day moving average triggered a sharp sell-off that invalidated the previous rising channel structure and pushed BTC back toward a major demand zone around $60K. Meanwhile, on-chain data suggests market participants are increasingly realizing losses, reflecting deteriorating investor sentiment. Bitcoin Price Analysis: The Daily Chart On the daily timeframe, Bitcoin has confirmed a significant bearish breakdown after falling below both the ascending channel and the 100-day moving average near $74K. The channel had supported the recovery from February’s lows, but the recent violation indicates that buyers have lost control of the intermediate trend. The rejection occurred near the confluence of the channel’s upper boundary and the descending 200-day moving average, located around the $82K region. Since then, BTC has experienced an aggressive decline, slicing through the $74K support area and the prominent low of $65K from late May with little resistance. The price is now testing a major support block at $60K, which previously acted as a strong rebound area following the February capitulation. This zone represents the last major defense for bulls before the market opens the door toward significantly lower levels. BTC/USDT 4-Hour Chart The 4-hour chart highlights the severity of the recent breakdown. Following an extended consolidation near the $74K region, BTC failed to reclaim the level and subsequently broke below the daily ascending channel’s lower boundary that had supported price action for months. As the breakdown accelerated, the $65K support area also gave way, which drove price directly into the $60K-$62K demand region. This area is currently preventing further downside and has already attracted some buying interest. An important observation comes from the RSI, which has formed a mild bullish divergence in extremely oversold conditions while price has established fresh local lows. Although the signal remains early, it suggests bearish momentum may be weakening in the short term and could support a temporary rebound toward the $65K resistance zone. However, from a structural perspective, the market continues to print lower highs and lower lows. As long as BTC remains below the broken support levels at $65K and $74K, any recovery is likely to be viewed as a corrective move rather than the beginning of a new uptrend. On-Chain Analysis The Adjusted Spent Output Profit Ratio (aSOPR), a metric that measures whether coins moved on-chain are being sold at a profit or loss, is providing an important signal regarding investor behavior. The chart shows that the 30-day EMA of aSOPR has fallen below the critical 1.0 threshold. Historically, readings above 1 indicate that market participants are realizing profits on average, while values below 1 suggest coins are being spent at a loss. The recent drop below 1 coincides with Bitcoin’s decline toward the $60K area and reflects growing capitulation among holders. This shift suggests that a larger portion of investors is now exiting positions at a loss, a behavior commonly associated with bearish market phases and periods of weak confidence. While persistent readings below 1 often accompany downtrends, they can also signal the later stages of a corrective phase as weaker hands leave the market. Therefore, traders should closely monitor whether aSOPR can reclaim the 1.0 level. A recovery above that threshold would indicate renewed profitability across the network and could support broader market stabilization. For now, both price action and on-chain data continue to favor the sellers, while the $60K support region remains the key battleground that will likely determine Bitcoin’s next major directional move. The post Bitcoin Price Analysis: Where Is BTC Heading Next After Drop Below $61K? appeared first on CryptoPotato .

2026-06-05 17:12
Cardano (ADA) Faces Make-or-Break Moment as Social Buzz and Network Activity Explode
Cardano has become one of the most talked-about cryptocurrencies after its price briefly dropped below $0.16 for the first time since December 2020, according to on-chain analytics platform Santiment. The surge in attention appears to be linked to growing concerns surrounding Cardano founder Charles Hoskinson, who recently said he was “taking a break” after warning that the ecosystem could face a “wave of failures” due to project shutdowns and funding difficulties. Social Frenzy According to Santiment’s data, the developments triggered a sharp increase in both social activity and on-chain engagement. Cardano’s social dominance climbed to around 0.52%, its highest level in 2026. This means that more than one in every 190 cryptocurrency-related discussions on social media focused on ADA. At the same time, daily active addresses reached 28,459, representing the highest reading in four months. According to Santiment, the spike in network activity indicates that users were actively interacting with the blockchain as the sharp price volatility created strong divisions among traders. Bearish sentiment appears to be dominating much of the discussion. Despite the negative market reaction, Santiment explained that Cardano continues to have one of the most loyal and vocal communities in the crypto sector. The analytics firm said ADA holders have, for years, remained committed through multiple market cycles, and have often supported the network during periods when institutional participation was limited. “The next few weeks and months will likely be a make-or-break stretch for the #15 market cap, as the community hopes institutionals consider entering into positions while prices are now at 5.5 year lows. Many investors are now looking for ecosystem growth, successful project launches, and of course some more positive future words from Hoskinson to validate the long-term vision that Cardano supporters have championed for years.” Cardano – Brazilian Olympic Committee In a separate development, the Cardano Foundation announced a partnership with the Brazilian Olympic Committee (COB) to bring blockchain, artificial intelligence (AI), and Internet of Things (IoT) technologies into the country’s sports sector. According to the organizations, the three-year collaboration will focus on identity and certification systems, fan engagement, equipment tracking, and improving governance and transparency. The first pilot projects are expected to launch in the coming months. The post Cardano (ADA) Faces Make-or-Break Moment as Social Buzz and Network Activity Explode appeared first on CryptoPotato .

2026-06-05 16:28
Stablecoins Are Becoming a Fight Over the Future of Digital Money: Interview With BitGo COO Jody Mettler
As stablecoins move closer and closer to mainstream financial infrastructure, the regulatory debate around them is seemingly becoming less about crypto in isolation and more about the future outlook of the global payments system. Just recently, for instance, Bank of England Governor Andrew Bailey warned that global regulators may be heading for a “wrestle” with the US over stablecoin rules. Essentially, this underscored a growing divide between European, American, and other regional approaches. But for some, this disagreement reflects a deeper question. CryptoPotato talked to Jody Mettler, Chief Operating Officer of BitGo and President of BitGo Trust. According to her, the question is whether digital money develops into a single interoperable global system or into parallel networks shaped by regional priorities centered around monetary sovereignty, reserve standards, custody, settlement finality, consumer protection, and more. In the following interview, Mettler discusses how MiCA is shaping Europe’s digital asset infrastructure, why institutions are demanding banking-grade certainty (rather than abstract “crypto rules”), and how stablecoins can force banks, issuers, custodians, and payment providers to rethink the architecture of cross-border finance. Governor Andrew Bailey warned that global regulators may be heading for a “wrestle” with the U.S. over stablecoin rules. From your vantage point, what is the real disagreement underneath that fight: consumer protection, financial stability, dollar dominance, or control over payment rails? The conversation has moved well beyond crypto regulation in isolation. What’s really being debated underneath the “wrestle” Andrew Bailey refers to is how modern payment and settlement infrastructure gets designed, and which standards end up defining it globally. At BitGo, what we see in practice is that institutions are not asking for “crypto rules” so much as they are asking for banking-grade certainty around custody, settlement finality, and redemption mechanics. That is where the regulatory divergence starts to matter. The U.S. is generally leaning toward a more market-led framework that encourages innovation and participation, while Europe is building a more prescriptive system through MiCA that prioritizes systemic stability, reserve quality, and controlled market entry. In Europe specifically, there is also a more explicit policy objective around financial autonomy. That shows up in the focus on ensuring euro-denominated digital money and regulated stablecoin frameworks can develop alongside, rather than be fully dependent on, dollar liquidity and U.S. dominated payment rails. But that ambition only really works if the underlying infrastructure exists to support it. That means deep liquidity, regulated custody, banking connectivity, and trusted settlement layers that institutions can actually plug into at scale. So underneath the policy language, the real tension is less about any single rule and more about whether global digital money evolves into a single interoperable system or a set of parallel, regionally anchored financial networks. When people talk about the U.S. and Europe “diverging” on stablecoins, what does that actually mean in practice for issuers, custodians, banks, and payment companies? It means the market is starting to split less around “crypto vs traditional finance” and more around how each region chooses to define and control the plumbing of digital money. Europe has moved earlier with MiCA, which is not just about licensing crypto firms, but about standardising how custody, issuance, trading, and transfer of digital assets work across the entire EU under one supervisory perimeter. That creates a more predictable environment for institutions, because they can build against a single framework rather than 27 different interpretations. The U.S., meanwhile, is still in the process of defining its market structure through legislation like the Clarity Act, so the roles of different participants in the stack are still being actively negotiated. From BitGo’s perspective in Europe, that difference shows up in very practical ways. Institutions are not asking abstract questions about regulation, they are asking how assets are actually held in bankruptcy remote structures, how settlement finality is achieved across venues, and how they can move liquidity between regulated counterparties without changing their risk assumptions every time they cross a jurisdictional boundary. That is where MiCA starts to matter operationally, because it turns policy into something closer to a defined rulebook for custody and market access. The tension, then, is that global institutions still want a single operating model for digital assets, but the infrastructure they are plugging into is becoming regionally defined. Over time, that raises a real question about whether liquidity, custody standards, and settlement systems converge globally or whether they develop into parallel but interoperable regional stacks. If stablecoins become a major part of cross-border payments, what happens when the rules for reserves, redemption, custody, and supervision differ from one jurisdiction to another? MiCA helps because it creates a single rulebook across Europe, which gives institutions a much clearer operating environment. That’s important because it reduces a lot of the fragmentation we used to see inside the EU. But once you move outside Europe, you’re still dealing with different approaches in different markets. And that’s where it gets operational. Cross-border payments depend on trust that assets behave in a predictable way as they move through different systems. If that starts to differ too much, you get friction in liquidity and settlement even if the markets are linked. What BitGo is focused on in Europe is helping institutions operate within MiCA, but still stay connected to global liquidity. So regulated custody, segregated client assets, and infrastructure that makes it possible to move and settle assets without having to rebuild everything market by market. Are we heading toward a single global stablecoin market, or toward competing blocs: dollar stablecoins under U.S. rules, euro stablecoins under EU rules, and sterling- or other local models elsewhere? In the near term, we’re more likely to see regional frameworks emerge first. The dollar will probably continue to dominate because it already sits at the center of global liquidity and trade, but Europe is clearly trying to ensure it has its own regulated digital financial infrastructure as well. The bigger question is whether these systems remain interoperable over time or whether we start seeing more fragmented pools of liquidity tied to different jurisdictions. How should policymakers think about the line between stablecoins as crypto products and stablecoins as payment or banking infrastructure? At what point do they stop being an asset class and start becoming part of the monetary system? That shift might happen once stablecoins start being used at institutional scale for settlement, treasury operations, and cross border movement of funds. At that point, they stop behaving like purely speculative assets and start interacting much more directly with payment systems and financial infrastructure. That’s why custody, segregation of assets, settlement finality, and regulatory oversight become so important. Institutions need these systems to operate with the same confidence and safeguards they expect from traditional financial infrastructure. Europe has been more explicit about protecting monetary sovereignty in its digital-assets framework. Is the stablecoin debate really also a debate about whether Europe can build payment infrastructure that is not dependent on U.S. dollar rails? That’s definitely part of the underlying discussion. Europe is thinking carefully about how to maintain influence over its own financial infrastructure as digital money and stablecoin adoption continue to scale globally. Right now, most liquidity and activity still sits around dollar-backed stablecoins, so there’s a broader question around whether Europe can develop euro-denominated digital assets and payment rails that are competitive, liquid, and usable at institutional scale. The challenge is that creating a successful euro stablecoin ecosystem requires more than regulation alone. It needs deep liquidity, trusted custody providers, settlement infrastructure, banking connectivity, and institutional participation across the region. That’s part of why MiCA matters. It gives firms a clearer framework to start building those networks and infrastructure layers within Europe rather than relying entirely on external rails over time. Looking five years ahead, do you think stablecoins will be absorbed into the existing financial system, or will they force banks and payment networks to fundamentally change how they operate? It’ll probably be a combination of both. Traditional financial institutions are already integrating parts of digital asset infrastructure into existing systems, especially around custody, settlement, and payments. But stablecoins also introduce expectations around real-time settlement, 24/7 movement of value, and programmable infrastructure that traditional systems weren’t originally designed for. Over time, parts of the banking and payments ecosystem will need to evolve to meet those expectations. The post Stablecoins Are Becoming a Fight Over the Future of Digital Money: Interview With BitGo COO Jody Mettler appeared first on CryptoPotato .

2026-06-05 16:00
XRP at a Crossroads: ‘Wick or Brick’ Could Decide the Next Macro Move
Crypto markets are in shambles again, with bitcoin dipping to $61,000 earlier this morning for the first time in four months. Although some alts managed to withstand the calamity at first, they have joined the ride with even more profound losses. Ripple’s XRP is no exception. The asset stood above $1.55 just a few weeks ago, but the subsequent rejection drove it south hard. It plunged to just under $1.10 today, which marked its lowest price position since before the US presidential elections in late 2024. Despite the short-term pain, popular analyst EGRAG CRYPTO outlined a more macro perspective, suggesting that the real story may just be beginning. What’s Next for XRP? The analyst noted that the cross-border token has approached a pivotal moment that could define its next major cycle move. By drawing parallels to early 2017, EGRAG highlighted a historical pattern where XRP briefly slumped below key structural support, which they referred to as the “Bifrost Bridge,” before it initiated a powerful expansion move. That bull phase began with a sharp downside wick, designed to flush out weak hands and reset market positioning, EGRAG added. “The big question: Will we get another massive liquidity wick… or will price build a solid brick structure above support?” – The analyst asked now. They predicted that another deep wick could “shake out weak hands, create maximum fear, sweep liquidity fast, and form the final macro reset.” This would be the so-called “wick” scenario, in which a sudden yet aggressive move lower challenges the broader market’s positioning. The Brick Structure The alternative in EGRAG’s analysis is the “brick” structure, where Ripple’s native token consolidates above key support levels such as $1.00 and $1.10 and gradually builds a reliable base. This scenario would signal stronger accumulation and market confidence, potentially allowing for an earlier upside continuation without the need for the aforementioned dramatic flush. Despite the uncertainty, the analyst leans toward the first outcome: “Personally…I still think the market wants one final emotional move before the real expansion,” they concluded. The post XRP at a Crossroads: ‘Wick or Brick’ Could Decide the Next Macro Move appeared first on CryptoPotato .

2026-06-05 15:27

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