Crypto Bulls Charge: Toncoin, XRP, and Bitcoin Defy Gravity in Late May Rally
Market watchers scramble as top cryptocurrencies shrug off regulatory FUD with bullish momentum.
Toncoin’s Telegram-fueled adoption, XRP’s legal limbo gamble, and Bitcoin’s institutional embrace paint a volatile but opportunistic landscape.
Meanwhile, traditional finance still can’t decide whether to ban crypto or buy the dip—classic hedge fund schizophrenia.
XRP uptrend at risk as Ripple nudges the SEC to establish clear regulations
Ripple (XRP) has been trading in a narrow range between $2.65 and $2.27 for nearly three weeks, with a bias toward the support level. The short-term technical outlook suggests that the current market value of $2.28 on Wednesday could pave the way for extended losses. Beyond the range support, trader interest could shift to the demand zone at $2.07 as bulls seek liquidity to make make another attempt at recovery.
Bitcoin (BTC) hovers above key support at $108,000. Analysts at Bitunix warn that a price crash could occur, citing the potential for a liquidity sweep below this level following last week’s large-scale liquidations in BTC derivatives markets.
