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Ripple (XRP) Price Predictions, Recent Cardano (ADA) Developments, and More: Bits Recap June 13

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TL;DR

  • ADA is down for the day, but essential developments, such as whale purchases and ecosystem progress, can have a positive impact on the price.
  • XRP trades near $2.14, with bullish targets ranging from $2.80 to $10, while Ripple’s case versus the US SEC nears resolution.
  • ETH fell back to around $2,500. Analysts remain cautiously bullish, noting that $2,380 is a crucial support zone.

What’s New Around ADA?

Cardano’s native token suffered the negative consequences of the geopolitical tension caused by the conflict between Israel and Iran, with its price plunging by over 7% in the last 24 hours and currently trading at around $0.63.

ADA Price
ADA Price, Source: CoinGecko

Some prominent analysts on X took notice of the decline, warning that a further plunge could be incoming. Nebraskangooner, for instance, claimed that “the head and shoulders” price pattern is “potentially breaking down,” suggesting this could lead to a correction below $0.50.

However, some important developments that took place earlier this week indicate that all hope isn’t lost for the bulls. On June 10, Ali Martinez revealed that Cardano whales (those holders having between 100 million and 1 billion tokens) bought 120 million ADA in the span of just 48 hours. Back then, the USD equivalent of the stash was approximately $85 million.

Another bullish factor is the development of the Cardano ecosystem. A few days ago, the project’s founder, Charles Hoskinson, announced Cardinalthe first Bitcoin DeFi protocol on Cardano, which allows people to use BTC for staking and lending on the platform, with no custody required. 

XRP’s Price Targets

Ripple’s cross-border token was also hit by the latest correction. It currently trades at roughly $2.14, representing a 5% decline on a daily scale.

XRP Price
XRP Price, Source: CoinGecko

X user CRYPTOWZRD noted that XRP’s performance is similar to other major altcoins, arguing that “anything is possible from this level.” 

The analyst said the main daily support target is $2, claiming a bullish reversal to the $2.80 resistance level isn’t completely out of the question. However, it will heavily depend on a breakout above the daily lower high trend line. 

Another industry participant who has recently touched upon the matter is the X user Cobb. Earlier this week, the analyst forecasted that XRP’s next leg “is going to be brutal,” suggesting the price could exceed a staggering $10 per coin. 

Meanwhile, it appears that Ripple and the US Securities and Exchange Commission (SEC) are nearing an official resolution of their court dispute. Some experts, though, believe the eventual conclusion of the legal battle is unlikely to trigger any substantial volatility for XRP. 

How About ETH?

The price of the second-largest cryptocurrency surged to nearly $2,900 on June 11, marking the highest level since February. Currently, though, it is worth around $2,500, representing a 13% decline from the local top.

ETH Price
ETH Price, Source: CoinGecko

Despite the downtrend, multiple market observers remain optimistic that Ethereum (ETH) is poised to reach significant peaks, and “no war can stop it.”

The X user DevKhabib also chipped in, claiming that ETH “is still in a good area” despite the ongoing unfavorable conditions. The trader, though, expressed concerns about a potential plunge below $2,380, saying it has proven to be strong support for now. 

Earlier this week, Ali Martinez opined that investors should turn bullish only after a sustained close above $2,750. Failing that, he projected a potential drop toward $2,500 or possibly as low as $2,380.

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Cryptocurrency

Ethereum Price Analysis: Is ETH Gearing Up for a Surge to $4K?

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Ethereum continues to show strong momentum as the price hovers just under a key level, supported by sustained bullish structure and growing market interest. With spot prices holding above major moving averages and an aggressive rally from June lows, all eyes are on whether ETH can break above the $4,107 level.

Technical Analysis

By ShayanMarkets

The Daily Chart

On the daily chart, Ethereum is respecting its bullish structure, having flipped the $3,300 zone from resistance into support. The 100-day and 200-day have also created a bullish crossover, providing additional confirmation of the trend.

Moreover, the RSI, which recently entered overbought territory, has slightly cooled down but remains elevated, suggesting that momentum might be overheated. Yet, the clean sweep and reclaim of prior highs around $3,300 reflect strength and commitment from buyers, and as long as this level holds, the bulls are in control.

This structure is a classic sign of trend continuation, especially when supported by strong volume and momentum indicators. If the price begins to expand again from this consolidation range, the next upside target would likely be the $4,400 region, where Ethereum topped during previous cycles.

Conversely, a break below $3,300 would raise concerns of a deeper retracement, but for now, that scenario seems less likely unless broader market weakness emerges.

The 4-Hour Chart

The 4H chart further supports the bullish case with a clearly defined ascending trendline holding the price. The asset continues to respect the trendline, and each dip has been met with strong buying interest, signaling that bulls are still active and defending the uptrend.

However, some caution is warranted in the short term, mainly due to the overbought conditions on the daily chart. If ETH fails to hold above the $3,700 zone or loses the ascending trendline, a short-term correction toward $3,500 would be a healthy reset. This level also aligns with the daily support block, making it a logical area for buyers to step in again if tested.

On-Chain Analysis

Ethereum Open Interest

On the sentiment side, Ethereum’s open interest across all exchanges has surged to over $27 billion, marking its highest point in years. This indicates a massive influx of leveraged positions and reflects growing speculative appetite in the market. Historically, rising open interest in tandem with rising price signals confidence and trend strength, but it also increases the risk of a long squeeze if the market turns.

What’s notable, however, is that despite the elevated OI, funding rates remain at relatively moderate levels. This suggests that the majority of traders are not excessively over-leveraged, and we are not yet seeing the kind of euphoria typically associated with major tops.

It gives Ethereum more room to push higher without the immediate threat of a sharp deleveraging event. For now, positioning remains optimistic but not overheated, keeping the path open for a potential breakout above $4,100.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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Cryptocurrency

Trump’s EU Trade Deal Sparks Crypto Surge: BTC Nears $120K, BNB Breaks ATH

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Just a few weeks after announcing new 30% tariffs against the European Union and Mexico, US President Donald Trump sat down with the former’s leader to discuss deal terms.

The meeting between Ursula von der Leyen and Trump in Turnberry, Scotland, appeared to be productive, as both parties said they reached a framework for a trade deal.

According to details shared by CNN, the EU has agreed to purchase $750 billion worth of energy from the US, as well as invest an additional $600 billion.

The initial 30% tariffs on almost all goods, aside from steel and aluminum, which will be set at 50%, were announced two weeks ago and were supposed to be enforced starting on August 1.

Although the EU will invest the aforementioned billions in different US-related initiatives, Trump said he could not lower the tariffs any further than a 15% across-the-board taxation.

Tariff news typically impacts the cryptocurrency market, although the effects have diminished in recent months. Back in April, the entire market tumbled as Trump announced tariffs against essentially all other countries.

Now, though, any new threats or announcements lead to less volatility. Still, a few digital assets began to chart gains after the news of the new deal was released.

BNB is among the top performers in the past few hours, which resulted in a price pump to a new all-time high of over $825 minutes ago. BNB has reclaimed its spot as the fifth-largest cryptocurrency from SOL.

BTC has also risen slightly and now trades above $119,000. ETH is up by over 3% on a daily scale and sits close to $3,850.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView
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Here’s Why Base Is Crushing Other Ethereum Layer 2s in Revenue

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Base, the Coinbase-incubated Ethereum Layer 2 network, has emerged as the most profitable rollup in the ecosystem, as it generated an average of $185,291 in daily revenue over the past six months.

With the latest figure, Base has far outpaced Arbitrum’s $55,025 and the combined $46,742 of 14 other top Layer 2s.

Base Captures Majority of L2 Market Share

In its latest analysis, Galaxy Digital explained that Base’s lead is supported by its EIP-1559-inspired fee model, which enables “dynamic” auction-based priority fee collection rather than strict first-come-first-served (FCFS) ordering.

The sequencer prioritizes transactions based on the highest priority fee per unit of gas and allows users to pay premiums for urgent execution. This enables Base to monetize block space demand efficiently.

Ethereum’s Pectra upgrade, which reduced Layer 1 posting costs via blob-enabled data submission, has further improved Base’s efficiency in monetizing block space while maintaining low transaction fees.

While Arbitrum introduced Timeboost in April 2025 to enable slot-bidding for express execution, it remains a predictive, fixed-rate system that is less reactive than Base’s per-transaction bidding. This makes the former less effective at capturing sudden spikes in user demand.

Over the past six months, priority fees alone have averaged $156,138 per day for Base. The chain accounted for about 86% of its daily revenue. Transactions occupying the top slot of each block contributed 30%-45% of daily revenue year-to-date in 2025, while the top 10 slots have accounted for between 50%-80% of daily revenue over the same period.

Meanwhile, “Flashblocks,” which was implemented on the Layer 2 network on July 16, introduced sub-block confirmations that allow high-priority transactions to land in lower slots while still receiving near-instant execution. This has resulted in a more even distribution of priority fees across block slots without reducing overall fee generation. Such a system in place has helped Base maintain strong revenue capture despite changes in slot allocation.

Base’s Revenue Engine

It is important to note that Base’s dominance in decentralized exchange (DEX) activity has been a major driver of its revenue. The network has consistently captured 50%-65% of Layer 2 DEX volume and holds the highest DEX TVL among Layer 2s, excluding perpetual DEX platforms.

Historically, priority fees tied to DEX swaps contributed 50%-70% of daily fees paid to Base. However, this share has declined to around 34% in recent weeks and reflects increased base fees and growing non-DEX competition for block space across the network. Despite this dip, DEX swaps have been observed to be a primary contributor to Base’s fee generation, especially in time-sensitive trades and maximum extractable value (MEV) strategies.

Data also indicates that a small cohort of users dominates priority fee payments, with 250 addresses accounting for nearly 65% of all priority fees paid over the past year.

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