According to CryptoPotato, Ripple's price is indicating a potential bearish move after weeks of consolidation. The USDT paired chart against USDT shows that XRP has been consolidating within a symmetrical triangle pattern for the past few months, following a drop below the 200-day moving average. Despite a sudden market drop on Friday, the price has managed to recover more than half of its losses. However, the daily candle closed below the triangle pattern, and with the RSI also falling below 50%, the momentum seems to favor a bearish move. If the $0.5 level breaks down, a drop towards the $0.4 support zone is highly likely.

The XRP/BTC pair presents an even more concerning picture. The price has been on a downward trend since November of the previous year, with no signs of stopping. The market recently failed to break above the 800 SAT resistance zone, initiating another bearish move. The 600 SAT support level appears to be a probable short-term target as XRP continues to depreciate against BTC. However, investors should monitor the RSI as it has entered the oversold region, which could potentially lead to a recovery in the upcoming weeks.

According to CryptoPotato, Ripple's price has successfully broken above the upper trendline of a multi-month triangle pattern after a notable surge, indicating a bullish signal. However, the recent retracement suggests a potential pullback to the broken level. A detailed analysis of the daily chart highlights Ripple's surge as it surpassed a crucial resistance area represented by the dynamic upper boundary of the triangle pattern, reaching a significant resistance level at $0.74. This breakout underscores the presence of buyers in the market. However, the price encountered a notable rejection near the $0.74 resistance, leading to a consolidation correction stage toward the triangle's broken threshold.

Many participants view this retracement as a temporary pullback to the triangle's upper boundary. Should the price complete this pullback, Ripple is expected to initiate a fresh rally, targeting a new yearly high above $0.74. Nevertheless, Ripple's price appears to be confined within a critical range, delineated by the $0.74 crucial resistance and the $0.56 significant support region in the mid term until a breakout occurs. A closer examination of the 4-hour chart reveals a significant rejection following a surge towards the $0.74 region, resulting in a noteworthy 23% decline in Ripple's price. However, the cryptocurrency found support upon reaching the crucial $0.56 price region, potentially halting the recent downward correction.

Nonetheless, Ripple's price is expected to remain within the substantial $0.57 support region and the notable $0.74 resistance level, implying the possibility of prolonged consolidation within this pivotal range until a breakout occurs. A breach above the $0.74 threshold would shift focus toward the $0.80 resistance level as the next focal point for Ripple's price trajectory.

According to PANews, the cryptocurrency market is witnessing millions of dollars being raised in token presales without the need for working products, whitepapers, long-term plans, or even meme images. A simple post announcing a so-called presale on platform X can attract millions to tens of millions of dollars in SOL tokens.

Ethereum investor @sassal0x stated in a post on platform X, 'Two years later, everyone is back to Ponzi bidding, people can do whatever they want with their money, but investing in a 'meme coin presale' with a 99.9% chance of failure is actually stupid.' The success of meme coin BOME has led to a surge in project token presales. After BOME launched its presale last week, early investors turned hundreds of dollars into hundreds of thousands of dollars in book profits within days. BOME's price action has led other opportunistic developers to start presales as well.

A large number of posts on platform X come from KOLs (accounts with a large number of followers) who are trying to raise funds in exchange for token promises that may be distributed to supporters later. For example, one project reportedly raised $30 million in just 30 minutes for an artificial intelligence-driven application.

Data from Birdeye shows that since BOME, multiple presale tokens issued have seen trading volumes exceeding millions of dollars in the past 24 hours, with market values reaching up to $600 million.

According to CryptoPotato, renowned American author and businessman Robert Kiyosaki has once again expressed his support for Bitcoin (BTC), praising its superiority over traditional assets like gold, silver, and oil. In a recent tweet, Kiyosaki elaborated on why he believes Bitcoin stands out among these assets. He acknowledged his ownership of gold and silver mines along with oil wells, but pointed out a fundamental flaw in these traditional assets. The more they are mined, the more their values are diluted, unlike Bitcoin, which has a fixed supply of 21 million coins.

Kiyosaki’s long-term bullish stance on Bitcoin is well-known, with him consistently advising people to accumulate the cryptocurrency. Recently, he projected that Bitcoin could surge to $300,000 by the end of 2024, showing his optimism about its future prospects. Supporting Kiyosaki’s views, Michael Saylor, the executive chairman of MicroStrategy, recently claimed in a CNBC interview that Bitcoin would ‘eat gold’ in the coming months. Saylor dubbed Bitcoin as ‘digital gold,’ citing its superiority over the precious metal due to its remarkable qualities. According to Saylor, Bitcoin possesses all the positive attributes of gold without any of its drawbacks. He highlighted Bitcoin’s digital transferability, which contrasts with the logistical challenges of transporting gold globally.

Bloomberg ETF analyst Eric Balchunas predicted that spot Bitcoin ETFs are on track to surpass gold ETFs. Balchunas emphasized the ease with which spot Bitcoin ETFs could conquer the yellow metal counterparties, indicating a shifting preference among investors. Nate Geraci, the founder of ETF Store, also recently provided evidence of Bitcoin’s growing dominance. He noted that total flows into nine new spot Bitcoin ETFs over the past two months exceed the total flows into all physical gold ETFs over the past five years. According to Balchunas, since the rollout of spot Bitcoin ETFs in the United States, investors have poured billions of dollars into the product, amassing a collective $55 billion in assets under management (AUM) and facilitating $110 billion in trades since January.