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The SEC delayed a final decision on the XRP Spot ETF until June 17, disappointing the market’s more bullish hopes. It also postponed a ruling on the DOGE and Ethereum staking ETFs and could delay again until mid-October.

Although this deferral seems bearish on the surface, it didn’t cause a huge market splash. The Commission has been moving slowly on precedent-setting decisions like a settlement with Ripple, but it may decide on an XRP ETF before October.

No Decision Yet on US XRP ETFs

Right now, the crypto industry is so amped to welcome an XRP ETF that false rumors are driving market confusion. The world’s first such asset began trading in Brazil last week, further fueling optimism.

However, the SEC officially delayed Franklin Templeton’s XRP ETF proposal, putting a downer on these sentiments.

The Commission didn’t stop there; it also delayed Bitwise’s Dogecoin ETF proposal as well as one for an Ethereum staking ETF.

Despite this bearish signal from the SEC, analyst James Seyffart concluded that these delays were anticipated. He went one step further, claiming that the Commission will probably also delay Solana and HBAR ETFs:

“These dates are all intermediate and we will likely see final decisions on a lot of the crypto ETPs in Q4. For the XRP spot ETF, [I’m] eyeing mid-October, around the 18th, as a final decision deadline. It’s possible the SEC won’t take all that time to make its decision, but a lot will hinge on how actively they engage on the applications,” Seyffart explained.

Although the SEC is under more crypto-friendly leadership, that doesn’t mean a bonanza of ETF approvals will start immediately.

More than 70 active ETF proposals are awaiting their verdict, and it will need to proceed carefully to sort them all out. This June deadline is not final, and the Commission could enact further delays until mid-October.

Following today’s delay, Polymarket odds of Q2 XRP ETF approvals also saw a sharp decline.

However, the crypto community already knew that October would be the latest possible deadline. For a few reasons, the SEC has to be cautious about establishing a new precedent with these crypto ETFs.

For one thing, if it greenlights these products too hastily, the market might experience unpredictable outcomes.

Additionally, the Commission is receiving criticism that it’s losing its neutrality with these crypto reforms. Although the SEC is committed to its new stance, a spree of ETF approvals might invite further pushback.

The Commission ostensibly wrapped up the Ripple case, yet loose ends will linger for the foreseeable future.

In other words, this delaying action is not as bearish as it first appears. Since the Commission has been refraining from hasty action in different areas, the market can easily stomach another new deadline.

October is presently the worst-case scenario. Depending on a lot of small factors, the SEC could approve an XRP ETF much sooner than that.

The post SEC Delays Spot XRP ETF Decision Until June 17 appeared first on BeInCrypto.

XRP is gaining momentum once again, climbing nearly 6% in the past week and pushing its market cap back above $130 billion for the first time since March 27.

The altcoin’s RSI has entered overbought territory for the first time in over a month, its Ichimoku Cloud setup remains bullish, and its EMA lines have formed consecutive golden crosses. With traders eyeing both breakout targets and key support zones, XRP enters a pivotal moment that could define its next major move.

XRP Enters Overbought Zone for First Time Since March

XRP’s Relative Strength Index (RSI) has surged to 76.19, climbing above the 70 threshold for the first time since March 19 — over a month ago.

Just yesterday, its RSI was at 51.4, signaling a sharp increase in buying momentum within a short period.

This jump suggests that XRP is entering an overbought zone, a level where price action often begins to slow or reverse, depending on broader market sentiment.

RSI is a momentum indicator that ranges from 0 to 100 and helps traders assess whether an asset is overbought or oversold. A reading above 70 typically signals overbought conditions, suggesting that the asset may be due for a pullback.

A reading below 30, on the other hand, signals oversold conditions and potential for a bounce. With XRP now at 76.19, traders may begin to watch for signs of weakening momentum or consolidation. Despite that, some analysts claim XRP market cap could soon surpass Ethereum’s.

However, strong upward RSI moves can also signal the start of a breakout if supported by volume and broader bullish sentiment.

Ichimoku Signals Align for XRP as Cloud Turns Bullish

XRP’s Ichimoku Cloud remains in a bullish configuration, with the price clearly positioned above the Kumo (cloud), formed by the Senkou Span A (green line) and Senkou Span B (red line).

This indicates a continuation of upward momentum, though the green cloud ahead is narrower than before, suggesting that bullish conviction may not be as strong as in earlier phases of the trend.

Still, being above the cloud generally favors buyers in the short term.

The Tenkan-sen (blue line) is above the Kijun-sen (red line), signaling short-term bullish momentum through a positive crossover.

Meanwhile, the Chikou Span (green lagging line) is well above the cloud, confirming that current momentum is supported by past price strength.

However, the thinner cloud ahead calls for some caution — while the trend remains bullish, a weaker cloud can suggest reduced support if the price turns.

For now, XRP has a positive technical structure, but traders will monitor for any signs of weakness.

XRP Builds Momentum on Golden Crosses—Reversal or Rally?

XRP’s exponential moving average (EMA) lines have formed consecutive golden crosses since yesterday, a strong bullish signal that indicates growing upward momentum.

This pattern suggests that short-term averages are crossing above longer-term ones, often seen as a sign of a trend reversal or the beginning of a new uptrend.

If this momentum continues, XRP price could climb to test $2.50, with further resistance levels at $2.64, $2.74, and $2.83.

Should the broader bullish sentiment return, XRP may even attempt to reclaim the $2.99 level — and possibly break above $3 for the first time in months.

However, if the momentum fades and the trend reverses, XRP could pull back to test support at $2.18. A loss of that level would open the door for a deeper correction toward $2.03.

Continued downside pressure could push XRP below the $2 mark, with the next major support levels at $1.90 and $1.61.

The post XRP Bullish Momentum Builds as Market Cap Breaks Above $130 Billion appeared first on BeInCrypto.

Virtuals Protocol (VIRTUAL) is down 15% in the last 24 hours after rallying an impressive 200% over the past 30 days. This pullback comes as the token tests a key resistance level around $1.53, while trend indicators show signs of weakening momentum.

At the same time, Smart Money wallets have increased their holdings by 14.4% in the last week and have held steady since May 2—suggesting confidence in the longer-term outlook. VIRTUAL stands at a technical and psychological crossroads. Traders are watching closely to see whether it can build toward a breakout above $2 or slide back to support at $1.19.

Smart Money Holds Steady as VIRTUAL Pulls Back 15%

The number of VIRTUAL tokens held by Smart Money wallets on Ethereum has increased by 14.4% over the past week, rising sharply from 16.49 million to 18.57 million on May 2, and remaining steady around 18.54 million since then.

Despite its recent price pullback, this growth signals that some of the most sophisticated on-chain participants have been accumulating exposure to VIRTUAL.

The sharp rise followed by stability suggests Smart Money wallets may be holding in anticipation of further upside, especially after the token posted a 209% gain in the last 30 days, making it one of the best-performing altcoins in the market.

The recent 15% dip in the last 24 hours hasn’t yet triggered widespread selling among these wallets, which may reflect patience rather than panic.

This holding pattern could signal confidence in continuing the broader uptrend or at least a strategic pause before reallocating.

While not guaranteeing future gains, steady Smart Money holdings in the face of short-term volatility are often a positive signal for longer-term momentum.

VIRTUAL BBTrend Drops Sharply—Is Momentum Fading?

VIRTUAL’s BBTrend has sharply declined to 6.76, down from 31.91 just two days ago, marking a significant weakening in upward momentum.

The BBTrend (Bollinger Band Trend) is a volatility-based indicator that measures the strength and direction of a trend by analyzing the expansion and contraction of Bollinger Bands.

Values above zero suggest a bullish trend, with higher readings indicating stronger momentum. Since April 24, VIRTUAL’s BBTrend has stayed in positive territory—signaling consistent bullish behavior for nearly two weeks.

The current reading of 6.76 still reflects a positive trend, but the steep drop shows that momentum is cooling off. While this doesn’t necessarily signal an imminent reversal, it suggests that the explosive pace seen in recent days is slowing.

After a 193% surge in the past month, this deceleration may point to a period of consolidation or reduced buying interest.

Traders should watch whether the BBTrend continues to decline or stabilizes—either could shape whether VIRTUAL regains strength or dips further.

At a Crossroads: Will VIRTUAL Breakout Above $2 or Pull Back to $1.19?

VIRTUAL is currently trading just below a key resistance level around $1.53. If buying momentum returns—particularly with renewed interest in crypto AI agents—VIRTUAL could test $1.89 in the near term.

A successful breakout there would pave the way for a possible move above the $2 mark, a level it hasn’t reached since January 30.

However, failure to reclaim $1.53 could lead to a pullback, especially given the recent cooling in trend strength.

In that case, the next key support level lies at $1.19.

The post Virtuals Protocol (VIRTUAL) Dips 15% But Smart Money Wallets Continue to Buy appeared first on BeInCrypto.