⭐️ Important news about Ripple's lawsuit against the SEC: ne

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🤔 XRP Price Dips: Another Setback or a Buying Opportunity? ● XRP is showing a few bearish signs from the $0.5420 zone. ● The price is now trading below $0.5350 and the 100-hourly Simple Moving Average. ● There was a break below a key contracting triangle with support at $0.5360 on the hourly chart of the XRP/USD pair (data source from Kraken). ● The pair could gain bearish momentum if it stays below the $0.5420 resistance zone. 🔸 XRP Price Faces Rejection After a close above the $0.5320 level, XRP price extended its increase like Bitcoin and Ethereum. However, the bears were active near the $0.5420 resistance zone. A high was formed at $0.5422 and the price started a downside correction. There was a move below the $0.5320 support zone and the 23.6% Fib retracement level of the upward move from the $0.5028 swing low to the $0.5422 high. Besides, there was a break below a key contracting triangle with support at $0.5360 on the hourly chart of the XRP/USD pair. The pair is now trading below $0.5350 and the 100-hourly Simple Moving Average. Immediate resistance is near the $0.5320 level. The first key resistance is near $0.5420. A close above the $0.5420 resistance zone could send the price higher. The next key resistance is near $0.5450. If the bulls push the price above the $0.5450 resistance level, there could be a steady increase toward the $0.5550 resistance. Any more gains might send the price toward the $0.5740 resistance. 🔻 More Losses? If XRP fails to clear the $0.5420 resistance zone, it could start another decline within the range. Initial support on the downside is near the $0.5225 level and the 50% Fib retracement level of the upward move from the $0.5028 swing low to the $0.5422 high. The next major support is at $0.5120. If there is a downside break and a close below the $0.5120 level, the price might gain bearish momentum. In the stated case, the price could decline and retest the $0.5025 support in the near term. $XRP #XRP

🐸 PEPE surges 33% in 5 days: Are new highs coming? Pepe saw another all-time high.Its Open Interest was also nearing its all-time high. Pepe [PEPE] can’t be stopped, can it? It has reached several all-time highs in price over the past few days and has just climbed to another one. These changing ATHs have also boosted the interest and trading volume for the memecoin. 🔸 Pepe hits another ATH The chart illustrated a remarkable pattern, where each new all-time high (ATH) was swiftly followed by the formation of another ATH in almost the subsequent trading session. Using the price range tool, it was evident that PEPE had surged by over 33% between the 21st of May and press time. At the time of writing, it was trading with an increase of over 1% at approximately $0.000015, marking yet another ATH. Additionally, the Relative Strength Index (RSI) indicated a strong bull trend, with a reading of over 75, signaling both bullish momentum and overbought conditions. There was also a recent surge in demand for it. 🔸 Pepe holders and volume increase Between the 15th of May to press time, the number of Pepe holders has surged by over 12,000. However, at the time of writing, this figure had risen to over 230,000, indicating a significant increase in demand for the memecoin as more traders entered the market. Moreover, its trading volume indicated heightened activity in recent days. The volume has consistently surpassed $2 billion, with a peak of over $4 billion observed on the 22nd of May. As of press time, the volume stood at over $1.5 billion. With such a high trading volume, Pepe may soon reach another all-time high (ATH). 🔸 Interest building up in Pepe Pepe’s Open Interest revealed a recent upward trend. According to Coinglass, it had surged to almost $160 million at the time of writing. The recent peak surpassed $163.5 million, marking the highest level in its history. This surge in Open Interest indicated a significant influx of cash into the memecoin at the moment. $PEPE #PEPE

📈 Ethereum gains 5% in 24 hours: Start of post-ETF approval pump? The price of Ether (ETH) is closing in on $4,000 during early trading on May 27, rising 5% over the past 24 hours and prompting hope it could be the beginning of Ether’s post-ETF approval pump. #ETH has climbed back above $3,900. Will we see $4K? This has given ETH a 27.5% gain over the past week, eclipsing Bitcoin (BTC), which has gained just 3.8% in the same timeframe. On May 27, analyst Matthew Hyland told his 143,000 X followers that ETH has confirmed a bullish divergence and a break of the downtrend with an increase in volume, further validating the breakout. The big weekly move has spurred a wave of predictions from industry analysts and observers. In a May 26 post on X, DeFiance Capital founder Arthur Cheong predicted that ETH would reach $4,500 even before spot ETFs are launched. He held a poll on X on May 25 asking how much ETH was allocated to his follower’s portfolios. Nearly half of the 5,800 respondents had between zero and 25% allocation, prompting Cheong to observe: “Just look at how much CT is underallocated to ETH,” Meanwhile, Ethereum educator Anothny Sassano predicted that MicroStrategy founder Michael Saylor would buy ETH within the next six to twelve months. Bitcoin prices surged more than 70% to an all-time high in the two months that followed the spot BTC ETF approvals in the United States. If Ether mimics BTC, a similar move could propel prices to an all-time high of around $6,000 by the end of July. Ether’s big move has had other effects on the crypto ecosystem. Decentralized finance (DeFi) total value locked has returned to its highest level for two years at $117 billion, with 60% of that locked on the Ethereum network, according to DefiLlama. Meanwhile, Ethereum layer-2 networks are nearing a collective all-time high in total value, locked at around $47 billion, according to L2beat. $ETH #ETH

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🦊 Shiba Inu Price Shows Slight Increase Amid Token Burn Decline Shiba Inu (SHIB) has recorded a marginal price increase over the past hour, with its current price standing at $0.00002479, marking a 0.18% rise. Despite this hourly uptick, the 24-hour performance shows a slight decline of 0.28%. SHIB’s market capitalization has also decreased by 0.13% to $14.6 billion. In terms of token supply management, the number of SHIB tokens burned has significantly decreased over the past 24 hours. 2,690,693 tokens were removed from circulation, representing a 57.28% decrease compared to the previous day. Over the past week, 46,572,296 tokens have been burnt, marking a 26.82% reduction in token-burning activities. The total supply of Shiba Inu tokens remains vast at approximately 589 trillion. However, the recent fluctuations in token burning and market capitalization reflect ongoing volatility in the Shiba Inu market, which investors and traders continue to monitor closely. 🔸 Shiba Inu Price Review: What Do the Charts Say? Analysing Shiba Inu price charts, we see a short-term rising wedge pattern, which is generally considered a bearish formation in technical analysis. This pattern is formed as the price consolidates upwards within a converging range defined by two upward-sloping trend lines. The rising wedge is nearing its conclusion, suggesting a potential downside breakout evidenced by the latest series of candle stick patterns. On the other hand, the volume oscillator shows a decrease of 29.01%, indicating a reduction in trading volume as the wedge developed. This typically supports the bearish interpretation of the rising wedge, as declining volume often accompanies price rises within this pattern, suggesting weakening buying pressure. The Money Flow Index, which is at 23.92, is in the lower range, indicating that SHIB could be approaching oversold conditions. This usually suggests a potential reversal or pause in selling pressure. $SHIB #SHIBA #SHIB

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