Cryptocurrency
This is What You Need to Know About Ripple (XRP) This Week

TL;DR
- XRP dropped to $0.48 and recovered to nearly $0.50. Analysts predict potential rallies to $1.50 and $6.50-$7.50.
- Some foresee short-term declines due to upcoming US CPI data, but expect long-term gains. The RSI metric suggests a possible rebound.
XRP’s Next Possible Move
Ripple’s XRP has been quite shaky in the past several weeks, with its price dipping by 6% on a 14-day scale. The asset was significantly affected by the latest market correction, dropping to as low as $0.48 on June 7. It reclaimed some lost ground in the following days and is currently trading at almost $0.50 (per CoinGecko’s data).
However, the negative trend has not stopped bullish analysts from speculating that XRP is on the verge of a substantial price rally. The X user EGRAG CRYPTO believes the asset will break a specific pattern depicted as “the White Triangle” and rise to $1.50.
Later on, XRP could jump to $6.50-$7.50 should it surpass the Fib 1.618 zone. According to the trader, this is when many investors will start taking profits.
Matthew Dixon chipped in, too, arguing that XRP “is still coiling in the form of a correction and may be driven lower short term before a powerful spring higher is anticipated.”
He thinks a possible elevated US CPI data later this week could trigger a price decline for the token. However, holders “will likely be rewarded when interest rates” eventually start decreasing, Dixon added.
The US Bureau of Labor Statistics is set to release the latest Consumer Price Index on June 12. The Federal Open Market Committee (FOMC) meeting, which decides whether interest rates in the United States should be raised, lowered, or kept at the same level (currently 5.25% to 5.50%) is scheduled for the same day. Both events have historically been followed by enhanced volatility in the cryptocurrency market.
It is worth mentioning that not all analysts envision a bright future for XRP. Not long ago, the X user Jason A. Williams predicted that the asset’s value could plummet to $0.27 during the next bull cycle. In contrast, they expect a new all-time high of $336,000 for Bitcoin (BTC) and a fresh peak of $12,000 for Ethereum (ETH).
Observing an Important Indicator
One major on-chain metric suggesting that XRP is facing better days ahead is the Relative Strength Index (RSI). The technical analysis tool measures the speed and change of price movements and identifies whether the asset is oversold or overbought.
It ranges from 0 to 100, and a ratio above 70 indicates that XRP could be headed for an imminent pullback. The RSI dropped to a multi-low of 22 a few days ago, while currently it stands at 38.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER 2024 at BYDFi Exchange: Up to $2,888 welcome reward, use this link to register and open a 100 USDT-M position for free!
Cryptocurrency
Circle Hits $66B Valuation, Surpassing USDC Supply

Circle Internet Financial, the issuer of the second-largest stablecoin USDC, has achieved a market valuation of $66.9 billion, eclipsing the entire $61.3 billion circulating supply of its own dollar-pegged token.
This rise, fueled by growing investor confidence following pivotal U.S. stablecoin legislation, has seen Circle inch closer to crypto exchange giant Coinbase’s $78 billion market cap.
CRCL Outpacing USDC
Data from Yahoo Finance shows Circle (CRCL) went as high as $298.98 during Monday’s session before closing at $263.45. This was still a nearly 10% improvement for the day and an 800% jump since its IPO in early June. The peak pushed the company’s market capitalization to just under $67 billion, overtaking the $61.3 billion supply of USDC currently in circulation.
This milestone follows the U.S. Senate’s decisive 68-30 vote on June 17 to pass the GENIUS Act. Once signed into law, the legislation will mark the United States’ first federal framework for dollar-pegged crypto assets.
It will mandate full backing, regular audits, regulatory approval for issuers, and limits on algorithmic stablecoins while paving the way for banks, fintechs, and potentially major retailers to enter the market.
Investor reaction was immediate, with CRCL shares surging over 80% last week alone. The momentum continued yesterday, amplified by news that fintech giant Fiserv plans to launch its own price-stable digital asset (FIUSD) by year-end using Circle’s infrastructure.
Bubble Fears vs. Broader Stablecoin Boom
While Circle’s valuation now places it within striking distance of Coinbase, the small matter of its trading at 216x net income with a P/E ratio above 3,200 has a few talking heads worried about a possible bubble. They suggest that investors are possibly banking heavily on future profits rather than present fundamentals.
However, the uptick has come at a time when the broader stablecoin market is experiencing growth. A recent Coinbase report revealed that fiat-linked cryptocurrencies processed $27.6 trillion in 2024, beating Visa and Mastercard combined. The study also found strong interest from 81% of crypto-aware SMBs and tripled interest from Fortune 500 firms compared to 2024.
Additionally, the latest data from DeFiLlama shows the sector’s total market cap rose by $5.671 billion in the last 30 days to push past $251 billion. Ethereum was the primary growth engine, contributing more than $3.6 billion of the new supply.
Meanwhile, Tether’s USDT is the most dominant stablecoin, with its $156 billion circulating supply making up 62% of the market. USDC’s $61.3 billion market cap gives it a 24% stake, solidifying its second-place position in the space.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Cryptocurrency
Crypto Markets Bounce, SEI Explodes by 41% Daily, But Warning Signs Quickly Pop (Market Watch)

It’s been a wild ride in the cryptocurrency market but, to be fair, the same is true in full force for legacy markets as well. The conflict between Iran and Israel is now receiving daily developments, with the latest news of a ceasefire sparking a quick recovery.
Bitcoin’s price tested $106K, while the majority of altcoins are marking recoveries across the board.
Bitcoin Touches $106K, But What’s Next?
As CryptoPotato reported earlier today, Bitcoin’s price hit $106,000 immediately after Donald Trump announced that there’s been an agreement for ceasefire between Israel and Iran that’s already “in effect.”
As seen in the chart below, the price rallied from a low of around $99,600 to a high above $106,000 in a matter of hours, sparking a considerable wave of short liquidations across the derivatives market.
At the time of this writing, BTC trades at around $105,400, up 3.9% in the past 24 hours. The cryptocurrency remains 1.3% down for the week but the recovery seems to have started and, hopefully, it will continue.
However, for this to happen, both Israel and Iran need to honor the agreement. Unfortunately, according to a report from CNN, Israel accused Iran of firing missiles and vowed to strike back, while Tehran denied violating the ceasefire agreement.
The market remains volatile and over $500 million worth of leveraged positions were liquidated over the past 24 hours, according to data from Coinglass.
Altcoins Bounce, SEI Explodes 41%
The large majority of altcoins has also staged a considerable recovery in the past day. In fact, all of the cryptocurrencies from the top 50 by market capitalization are charting gains.
The undeniable best performer is SEI, which skyrocketed by a whopping 41%, followed by Sonic (S), which is up 22% and Virtuals, which recovered by 20.3%.
At the time of this writing, there are no altcoins from the top 100 that are trading in the red, but the slowest performer seems to be Fasttoken (FTN), which is flat, followed by WhiteBIT Coin (WBT), which is up by 0.6%.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
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.
Cryptocurrency
Donald Trump Urges Israel to “Bring Pilots Home,” Crypto Markets Steady

As CryptoPotato reported earlier today, Donald Trump announced that there’s a ceasefire agreement between Israel and Iran. The crypto market took the news very positively and Bitcoin soared, testing the $106,000 level in a matter of hours.
At the time of this writing, the price has corrected a bit and it trades at around $105,300, but remains 3.8% up on the day.
Later in the day, however, reports emerged of Israel blaming Iran for firing missiles after the agreement took place and promising to retaliate. Markets are hesitant to accept any further escalation and even though the tension remains, the volatility seems to have been weathered in the past few hours.
Donald Trump urged Israel not to retaliate and to “bring [their] pilots home.” He said that he is “not happy with Israel,” while further reassuring that “Iran’s nuclear capacities are gone,” and that “Iran will never rebuild its nuclear program.”
UPDATE: 14:41; 24.04.2025
Donald Trump has reportedly spoken to Benjamin Netanyahu on the phone. The Israeli prime minister told him that he could not cancel the attack and that some response was needed to Iran’s violation of the ceasefire. Israel has, however, agreed to scale back its operation, canceling strikes on numerous targets.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
- Forex3 years ago
Forex Today: the dollar is gaining strength amid gloomy sentiment at the start of the Fed’s week
- Forex3 years ago
Unbiased review of Pocket Option broker
- Forex3 years ago
Dollar to pound sterling exchange rate today: Pound plummeted to its lowest since 1985
- Forex3 years ago
How is the Australian dollar doing today?
- World3 years ago
Why are modern video games an art form?
- Cryptocurrency3 years ago
What happened in the crypto market – current events today
- Commodities3 years ago
Copper continues to fall in price on expectations of lower demand in China
- Economy3 years ago
Crude oil tankers double in price due to EU anti-Russian sanctions