Dubai just gave Ripple’s new stablecoin a big win. The city’s financial regulator, the Dubai Financial Services Authority (DFSA), has approved RLUSD as a recognised crypto token for use inside the Dubai International Financial Centre (DIFC) — a move that will help Dubai’s push to position itself as a global hotspot for digital finance.
While regulators in the US and Europe are still tightening their grip on crypto, the UAE is moving in the opposite direction — welcoming new players and clearing a path for blockchain-powered financial services. Ripple’s RLUSD is the latest to benefit from this approach.
“This isn’t just about another stablecoin getting approved. It’s a sign of where the market’s heading — and Dubai wants to be at the centre of it. We built RLUSD for transparency and reliability, and this is an important step for our expansion in the region,” said Jack McDonald, Ripple’s Senior Vice President of Stablecoins.
Stablecoin use in the UAE has jumped 55% over the past year, as businesses look for faster, cheaper ways to move money. With over 7,000 firms now active in the DIFC, Ripple’s approval opens new doors for both local and international financial services.
XRP Price Gains 2%
XRP price has gained 2% in the last 24 hours and is trading at $2.20 at the time of writing. After hitting levels below $2.15, the token is showing some bullish strength. XRP should first reclaim the $2.23 mark to confirm a bullish reversal. Furthermore, catalysts like the recent RLUSD approval are expected to push the prices higher.
However, XRP has been trading between $2 and $2.50 in the last two months. It remains to be seen if June will bring back the bullish rally.
Despite the recent crash, Solana (SOL) price has rebounded quickly and trades near $150. However, a look at the high time frame chart shows that SOL could hit $400 or even double from here to reach $800. To do this, Solana price needs to clear one critical resistance level, after which it could kickstart an exponential rally to the aforementioned levels.
Solana (SOL) Price Today
After Bitcoin (BTC) slipped 2.37% on Wednesday, altcoins, including Solana (SOL), also crashed. Despite the sudden drop, SOL price has shown incredible resilience, leading to a 6.44% recovery bounce since then. As of today, the token trades around $150.
SOL Price Needs to Flip This Key Level for $300 & $900 Targets
The weekly chart shows Solana price converging between two trendlines connecting the lower highs and higher lows formed since early 2024 and 2023, respectively. During this uptrend, SOL’s value has exploded from $11 to nearly $300, roughly 27x. However, a look at the 50-week and 200-week Simple Moving Averages (SMAs) reveals a key bullish outlook.
The 200-week SMA at $95.20 was a stable support for Solana price when it crashed in early April. A bounce from this level has pushed SOL’s value up by 56%. Likewise, the 50-week SMA that was a support in second half of 2023, flipped into a resistance when SOL price crashed below it in February 2025. Hence, a reclaim of this level hints at bullish Solana price prediction.
SOL/USDT 1-week chart
Bull Run Targets For Solana (SOL)
Assuming SOL price reclaims the 50-week SMA at $168 or roughly $170, it would denote a resurgence of bulls. Since this was a key support flipped into a resistance, a reclaim will boost sentiment and likely attract buyers. This move would denote the start of the bull run. Hence, a further spike in bullish momentum coupled with an improved crypto market outlook could propel this Ethereum-killer to the top of the current range at $300.
If Solana price overcomes the inclined trendline, the next key take profit levels include –
The 161.8% Fibonacci extension level of $600.
The 200% Fibonacci extension level of $900
In a highly bullish case, SOL could even hit $1,853, which is the 261.8% Fibonacci extension level.
Other Factors That Affect SOL Price’s Uptrend
To conclude, Solana (SOL) ‘s technical outlook looks primed for a bullish reversal. However, investors need to pay attention to the fundamentals and macroeconomic outlook for confirmation. Here are some key events that could disrupt this optimistic outlook and triple-digit targets for the SOL price.
Trump’s tariff war has put unwarranted pressure on America’s economy, leading to widespread panic in the stock market. As a result, gold has skyrocketed to new highs.
The Fed’s decision is another critical gear in this economy that could influence the prices of stock and crypto markets alike. Although Trump’s tariff war has pressured the Fed to cut interest rates, Fed Chair Jerome Powell hasn’t done it yet. If this continues, it could result in a recession. Online betting platform Polymarket shows the odds of a US recession in 2025 have hit 63%.
Bitcoin (BTC) sets the tone of the crypto market, and BTC is affected by the above two reasons. While Bitcoin is considered a safe-haven, uncorrelated, and inflation hedge asset, but it also behaves as a risk asset that, at times, has huge correlation with the stock market. In case the US slips into a recession, BTC’s behaviour will decide if Solana price will rally or collapse.
Is smart money leaving XRP and BNB? Both coins have seen significant losses, which begs questions about whether a comeback is feasible or if it is time to move on. While BNB is down almost 11%, XRP has declined almost 31% this past month. Some analysts still see the potential for a bullish reversal.
A new rival is emerging meanwhile—ChowWow ($CHOW). Thanks to the Solana blockchain this fast-growing meme coin presents play-to-earn games, staking rewards, and reduced transaction fees. Could ChowWow be the next major crypto success narrative?
This article investigates XRP and BNB’s price challenges, analyst forecasts, and why ChowWow is attracting the attention of major investors.
XRP Faces Selling Pressure but Could Be Poised for a Rally
Over the past week, the XRP price has grown slightly. However overall it has showed great selling pressure recently by declining more than 18% in the past month. Before a bearish breakout brought the altcoin down to its monthly low of $1.92 earlier in March, the XRP price chart shows it was trading between $2.76 and $2.43 before the crash. XRP’s mini resurgence has brought it to $2.20-2.40 range.
Nevertheless, the XRP community is still optimistic since they think a good comeback is just around the corner. Analysts hope for a bullish reversal. STEPH IS CRYPTO is one well-known expert who has posted a chart analysis implying that the XRP price might spike to $6 once this drop ends.
Although XRP is still 41% behind its all-time high (ATH), some speculate a retest of this level could occur this year. Technical signals are conflicting. Whereas the Momentum Oscillator and CCI keep showing selling pressure, the MACD and Moving Averages are displaying buy signals.
BNB Faces a Dip but Could Soon Hit New Highs
Over the past week, the BNB price pumped by more than 14%. The altcoin has traded between $545 and $645 according to the BNB price chart following a previously a bearish breakout which saw the price drop as low as $509. The past month has been challenging; the BNB coin dropped nearly 5.9% of its value. Still, the BNB community stays rather optimistic.
Many traders feel BNB still has great growth potential and that this dip is just temporary. Analysts hope for a bullish reversal soon. Crypto analyst Elja posted a chart last month implying that, after this decline finishes, the BNB price could climb above $1,000.
Though BNB is now 20% behind its all-time high (ATH), some speculate a retest of this price point may occur this H1. Whereas the Momentum Oscillator still indicates selling pressure, the MACD and Moving Averages are displaying purchase signals. A strong bullish sentiment makes BNB still one of the top altcoins to keep an eye on in the coming months.
ChowWow ($CHOW) Could Be the Next Crypto Success Story
To build a strong environment for crypto users, ChowWow mixes staking, collectibles, and play-to-earn gaming. Designed on the Solana Blockchain, ChowWow presents lower fees and faster transactions than conventional Ethereum-based memecoins. For every user, this makes it reasonably priced, scalable, and efficient.
Features including airdrops, staking incentives, and in-game revenue make the ChowWow token meant to benefit the community. With its gaming-oriented vision and long-term stability, ChowWow distinguishes itself among the best memecoins to buy now.
ChowWow provides actual value beyond the mere buzz, unlike many other memecoins. Completing challenges and participating in mini-games lets users in the ChowWow gaming universe earn prizes. These benefits have practical worth and can be applied inside the ecosystem.
Furthermore, ChowWow offers staking, which helps investors get passive revenue just by locking their tokens. ChowWow is a leading candidate in the expanding meme coin market. Meanwhile, the $CHOW presale is currently ongoing and each token is priced at just $0.01 in stage 2 of the presale.
ChowWow vs. XRP & BNB – The Smart Move for 2025?
Although analysts see the possibility for a comeback, smart money is already looking ahead as XRP and BNB have had a bearish ride. ChowWow ($CHOW) is a game-changer with staking, play-to-earning gaming, and Solana’s lightning-fast transactions—it’s not just another memecoin.
Early investors have a rare opportunity to join the $CHOW presale with its modest presale price of $0.01. ChowWow might be the next great success tale as the meme coin market keeps exploding.
The post Smart Money Is Leaving XRP & BNB for ChowWow’s Big Potential! appeared first on Coinpedia Fintech News
Is smart money leaving XRP and BNB? Both coins have seen significant losses, which begs questions about whether a comeback is feasible or if it is time to move on. While BNB is down almost 11%, XRP has declined almost 31% this past month. Some analysts still see the potential for a bullish reversal. A …
The XRP Ledger (XRPL) just experienced its busiest week on record, processing more than 5.1 million transactions on June 15.
Unlike other networks that often rely on automated activity to boost numbers, this surge appears to have come from genuine user demand.
XRP Ledger Continues to Scale
According to blockchain analyst Ripple Van Winkle, users were actively involved in activities such as NFT minting, asset transfers, and decentralized trading, all contributing to the spike in volume.
He noted that XRPL handled the pressure without disruptions, keeping transaction fees low and performance stable throughout the day.
This event stands out because of the high volume and the network’s resilience. According to Van Winkle, XRPL recorded no delays, no spikes in transaction costs, and no reports of system strain.
Meanwhile, user participation across the network also appears to be growing.
RippleXity, citing Glassnode data, reported that XRP wallet registrations have surpassed 7.1 million, while the number of wallets holding more than one million XRP has reached a new high above 2,700.
Market observers said these numbers signal that interest in XRP remains strong even as price action lags. According to them, it is a sign that the protocol is ready to support high-volume adoption without needing emergency interventions.
“This consistency matters as crypto matures. Institutions want boring reliability, not flashy experiments. XRPL is starting to look like the TCP/IP of crypto — invisible, stable, critical,” Van Winkle stated.
XRP Investors Take Profits as Altcoin’s Price Slides
According to BeInCrypto data, the token is trading around $2.07, down roughly 3% over the past 24 hours and nearly 15% this month.
While these dips have frustrated some investors, others have seen it as an opportunity to lock in gains. Notably, data from Glassnode shows that long-term holders have begun realizing profits.
According to the blockchain analytical platform, XRP holders realized an average of $68.8 million daily gains in early June.
Glassnode explained that many of these exits are believed to be from buyers who entered before XRP’s rally in late 2024, when prices surged and peaked at $3.36 in January. Now, with the token down over 36% year-to-date, some whales appear to be selling.
“XRP is trading above $2, more than 3x higher than its base price before the sharp rally in November 2024. Investors who accumulated earlier are sitting on over 300% gains,” Glassnode stated.
Although this may reflect strategic profit-taking, it also points to the broader challenge of converting strong fundamentals into sustained upward price momentum.
Still, some analysts believe XRP may still find a second wind once the current wave of profit-taking subsides. They also point to the growing interest in XRPL, especially as stablecoin projects like USDC and tokenized US Treasuries begin to launch on the network.
