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ZIGChain:- RWAs (Real-World Assets) are absolutely a hot trend in crypto right now. With the tokenized equities making news in the past days, they are becoming a core pillar of the next phase of institutional and DeFi growth. Amidst the ongoing trend, new Layer-1 blockchain called ZIGChain made its mainnet launch recently on June 25.
The post Former Standard Chartered Executive Launches New RWA L1 Chain for “Serious Finance Apps” appeared first on CoinGape.
XRP has gained roughly 8% over the past seven days. Earlier in the week, the world’s first XRP ETF was launched in Brazil. Despite the positive momentum, XRP remains caught in a tight trading range, with key resistance and support levels still defining its short-term outlook.
Recent indicators, including the RSI rebound and a slightly bullish Ichimoku Cloud structure, point to cautious optimism.
XRP’s Relative Strength Index (RSI) currently stands at 58.36, rising from 47.34 earlier today but still down from 77.7 reached four days ago.
This movement shows a recovery from recent lower levels, although it remains below the overbought conditions seen earlier in the week.
The recent RSI trend suggests that while bullish momentum has resurfaced in the short term, XRP has not yet regained the same strength it displayed just a few days ago, signaling a more cautious sentiment among traders.
RSI, or Relative Strength Index, is a momentum oscillator that measures the speed and change of price movements on a scale from 0 to 100.
Typically, an RSI above 70 signals that an asset is overbought and might be due for a correction, while an RSI below 30 indicates it is oversold and could be poised for a rebound.
With XRP’s RSI now at 58.36, the asset is in neutral-to-slightly-bullish territory, suggesting there is still room for further gains without immediately triggering overbought conditions.
If buying pressure continues, this could set the stage for a gradual upward move, though a lack of strong momentum could also result in range-bound trading.
The Ichimoku Cloud for XRP presents a bullish structure, with the price just slightly above the cloud.
The blue (Tenkan-sen) and red (Kijun-sen) lines are close to the current candle, reflecting a market with a slight bullish bias but without strong momentum.
The future cloud remains green, indicating that bullish conditions are still projected ahead. However, the proximity of the lines to the price suggests some hesitation or consolidation in the short term.
The Ichimoku system fully views trend direction, momentum, and support/resistance areas.
When the price is above the cloud with a green cloud ahead, it usually signals a favorable trend, but when the Tenkan-sen and Kijun-sen hug the price closely, it can indicate a lack of clear conviction from either buyers or sellers.
In XRP’s case, the bullish trend remains intact, but the tight positioning of the lines points to a fragile uptrend where a sharp move in either direction could easily shift the structure.
XRP price is trading within a tight range, caught between a resistance level of $2.30 and a support level of $2.11.
This sideways movement comes just two days after the launch of the world’s first XRP ETF in Brazil, a development that could eventually influence market sentiment.
If XRP falls and loses the $2.11 support, it could lead to a decline toward the next support level, $2.04.
Should bearish momentum intensify further, a deeper retracement could see XRP test lower levels at $1.96, making it crucial for buyers to defend the current support zone.
Conversely, if XRP tests and breaks above the $2.30 resistance with strong bullish momentum, the next upside target would be around $2.50.
Continued strength could push the price toward $2.59, potentially extending to $2.64 if buyers maintain control.
The post XRP Climbs 8% In a Week as Price Stays Range-Bound Between Key Levels appeared first on BeInCrypto.
Most financial experts are speculating about how much Bitcoin price will appreciate. Prominent individuals such as Arthur Hayes and Robert Kiyosaki are forecasting BTC to reach $1 million in the not-so-distant future. Such lofty forecasts are coming as concerns grow about economic stability worldwide, government budget deficits, and monetary policy moves.
Arthur Hayes, ex-BitMEX CEO, has a $1 million target for Bitcoin. He said this in an interview with cryptocurrency YouTuber Kyle Chasse. Hayes said that this target may be achieved by 2028. He justified his forecast by pointing to increasing government deficits and monetary policy as the primary drivers.
Hayes shared the same long-term BTC price target at the Token2049 event. He reports that the Biden administration approved about $7.1 trillion of net Treasury debt while in office. This was the period when the Bitcoin price rose sixfold. Hayes mentioned that during the Trump administration, the deficit is already 22% higher in the first half of the year compared to last year.
Hayes also recognizes a number of factors that will propel further deficit growth. They are an aging American population that will require additional Social Security and Medicare expenditures, increased defense spending, and the expense of bringing manufacturing back to the United States. These costs, added to increasing interest on the debt outstanding, represent what Hayes sees as a mathematical certainty.
The investor indicates that these fiscal stresses will be a boon for the Bitcoin price. He points to recent policy signals, such as Treasury buyback programs and potential changes to supplemental leverage ratios for banks, as signs that authorities will continue to seek ways to maintain market stability by providing liquidity.
Hayes predicts the BTC price will reach $250,000 by the end of 2025. He expects the most aggressive price action to happen in 2026-2027 when he expects a “money printing bonanza.”
“Rich Dad Poor Dad” author Robert Kiyosaki has aligned with Hayes’ million-dollar Bitcoin prediction but with a slightly longer timeframe. In an April tweet, Kiyosaki stated that by 2035, one Bitcoin will be over $1 million.
Kiyosaki frames his Bitcoin outlook within an overall economic warning about an impending financial crisis. He points to multiple concerning indicators like record-high credit card and U.S. government debt, rising unemployment, and diminishing 401(k) values.
The financial educator mentions that he has consistently warned about this economic scenario across multiple books. For those concerned about financial stability, Kiyosaki repeatedly recommends a strategy centered around hard assets like gold, silver, and Bitcoin.
What distinguishes Kiyosaki’s perspective is his view that the coming economic crisis is not just a threat but also an opportunity. He suggests that individuals who take action to acquire even small amounts of Bitcoin, gold, or silver before the “giant crash” could “come through this crisis a very rich person.”
The post Bitcoin Price To $1M: What’s Behind Robert Kiyosaki & Arthur Hayes’ BTC Prediction? appeared first on CoinGape.
Sygnum’s off-exchange custody platform allows traders to mirror assets held in Sygnum’s custody while trading on an exchange like Deribit.
Cryptocurrency banking firm Sygnum is partnering with crypto derivatives exchange Deribit, providing its off-exchange custody platform, Sygnum Protect.
On March 5, Sygnum announced the expansion of Sygnum Protect, its off-exchange custody platform, to include Deribit, one of the world’s largest derivatives exchanges in crypto.
This integration enables institutional Deribit traders to hold their assets in Sygnum’s institutional-grade custody while accessing Deribit’s broad trading offering and liquidity.