The cryptocurrency market remains volatile, and XRP is showing signs of weakness despite recently climbing above a descending trendline that had capped every rally since February. After slipping back under key resistance levels, analysts now warn that XRP could be at risk of a deeper pullback in the coming sessions.
At the time of writing, XRP is struggling to hold support around $2.10, having dipped as low as $2.03. Analyst CasiTrades warns that while XRP briefly reclaimed its breakout level, the move could be a false breakout. She added that if open interest begins to rise without a meaningful price move, particularly if it crosses 0.02% or higher — it could signal a high probability of a liquidity sweep to the downside.
“If we fail to hold $2.25, it puts $2.01, $1.90, and even $1.55 in play,” she explained. A capitulation move toward these lower levels, while painful in the short term, could generate the exact momentum XRP needs to finally break free of its multi-year range. CasiTrades said such a shakeout could pave the way for a powerful Wave 3 breakout in the coming weeks.
Technical indicators support the bearish short-term outlook. RSI and Stochastic indicators on the daily and 4-hour charts are showing oversold conditions, hinting at continued selling pressure before a possible rebound. The market is currently watching the $1.95–$1.88 zone closely for signs of stabilization.
Adding to the uncertainty, XRP’s price action remains closely tied to Bitcoin and Ethereum. As both major cryptocurrencies trade within tight ranges and show signs of a potential pullback, altcoins like XRP are likely to mirror this behavior.
While short-term risks remain high, some analysts remain positive about XRP’s medium-term prospects. If the market can shake off current bearish sentiment, XRP could recover towards $2.25–$2.35 initially, with more ambitious targets of $3 by the end of July if bullish momentum builds.
The Pakistan government is preparing to launch a strategic Bitcoin (BTC) reserve to ensure long term economic prosperity. The announcement was made at the Bitcoin 2025 Conference on Wednesday at the Venetian Convention Center in Las Vegas by Bilal Bin Saqib, the special assistant to the Pakistani prime minister on blockchain and cryptocurrency.
Saqib announced that Pakistan will establish a strategic Bitcoin reserve and never sell its BTC trove in future. Furthermore, Pakistan wants to follow in the footsteps of the United States, which intends to implement a strategic Bitcoin reserve to deal with the high debt burden.
“We are getting inspired by the U.S. government. We will be holding these Bitcoins and we will never, ever sell them,” Saqib stated.
What Next For Bitcoin Price Action?
Bitcoin price experienced a significant resistance level above $110k in the past few days, thus resulting in the ongoing market correction. The flagship coin dropped over 2 percent in the past 24 hours to trade about $107k on Wednesday, May 29, during the late North American trading session.
Bitcoin price has experienced relentless bearish pressure since last Friday, despite the notable accumulation by institutional investors. Furthermore, more institutional investors, led by GameStop, have joined Strategy in acquiring more BTCs as a hedge against inflation.
https://x.com/techcharts/status/1927791497090363555?s=46 According to market analyst, Aksel Kibar, Bitcoin price must clear the resistance hurdle around $109k, in the weekly timeframe, to invalidate a potential retrace towards $76k. Moreover, BTC price could be forming a potential double top coupled with bearish divergence of the weekly Relative Strength Index (RSI).
The post Pakistan to Launch Strategic Bitcoin Reserve: Will BTC Price Regain Bullish Momentum? appeared first on Coinpedia Fintech News
The Pakistan government is preparing to launch a strategic Bitcoin (BTC) reserve to ensure long term economic prosperity. The announcement was made at the Bitcoin 2025 Conference on Wednesday at the Venetian Convention Center in Las Vegas by Bilal Bin Saqib, the special assistant to the Pakistani prime minister on blockchain and cryptocurrency. Saqib announced …
Bitcoin price surged 3% on Thursday, climbing above $97,000 for the first time in two months. The rally was fueled by multiple bullish catalysts that reinforced investor confidence in BTC’s mid-term trajectory.
BTC price surges on ETF optimism and Saylor’s $21B push
Bitcoin (BTC) rose 3.4% this week, trading near $97,000 at press time. According to Coingecko data, Bitcoin price traded as high as $97,341, driving its market above $2 trillion for the first time since early March.
This came just days after the SEC postponed decisions on seven altcoin ETF applications.
The new SUI filing suggests the delays are procedural, not signs of rejection, which reassured markets.
Strategy Files Published Q1 Financial Report, May 1, 2025
Adding to the bullish momentum, Strategy, led by Michael Saylor unveiled Q1 results and a massive new investment plan.
Despite a $4.2 billion unrealized loss in Q1 2025 due to quarter-end BTC pricing, the company launched a $21 billion at-the-market (ATM) equity offering to buy more Bitcoin.
Strategy currently holds over 553,000 BTC at an average cost of $68,459. The firm also raised its 2025 BTC yield target from 15% to 25%, citing strong early-year performance.
Importantly, Strategy’s report highlighted a $12.7 billion accounting uplift from the switch to fair value accounting, boosting retained earnings. This marks a broader shift in corporate Bitcoin adoption, with over 70 public companies now holding BTC on their balance sheets.
Institutional momentum is now building on multiple fronts:
Renewed ETF activity, fair value accounting for corporate holders, and continued capital inflows. BTC’s sharp rebound above the $96,500-$97,000 zone confirms this bullish bias.
A weekly close above $97,000 could unlock the path to $105,000 in the near term, with some analysts projecting a move toward $145,000 by Q3 if macro tailwinds persist.
Bitcoin price is currently trading at $97,089, up 0.62% on the day, and poised to extend its rally toward $105,000. Price has broken decisively above the $90,000 resistance zone, with strong bullish continuation confirmed by the clean daily candle structure and rising volume.
Bitcoin price analysis | BTCUSDT
The 50-day and 200-day simple moving averages (SMAs), shown in green and red, have flattened out but remain below current price, signaling that BTC has reclaimed long-term trend support with conviction.
Other Bitcoin price forecast signals also support this bullish thesis. The Relative Strength Index (RSI) at 70.49 has entered overbought territory, typically a warning sign, but in trend-confirming rallies like this one, it often reflects strong institutional interest rather than exhaustion. RSI continues to diverge positively from its 14-day moving average, currently at 65.08, echoing bullish signals.
A move above $98,000 would open a clean path to $105,000, while support now lies at the $90,000 and $86,000 levels. A sudden break below these would invalidate the current bullish structure, although such a pullback appears unlikely given BTC price resilience above the 100-day SMA (blue) and low sell volume near resistance.
After examining the major centralized exchange tokens like BNB, OKB, CRO, and others, MultiBank’s MBG token emerges as a particularly compelling opportunity that combines institutional credibility with innovative tokenomics. Here’s an in-depth analysis of why MBG stands out in the current market landscape.
I. Tokenomics: Strategic Scarcity by Design
MBG’s tokenomics structure appears more aggressive in its deflationary approach than most established CEX tokens:
Buyback & Burn Mechanism: Up to 50% of the token supply is designated for buyback and burn, directly tied to trading volume across the MultiBank ecosystem. This significantly outpaces BNB’s burn rate (which aims to eventually burn 50% of initial supply to reach 100M tokens) and exceeds MEXC’s 40% profit allocation for burns.
Volume-Based Burns: By linking burns directly to trading activity rather than just quarterly profits, MBG creates a more immediate and transparent relationship between platform success and token value.
This aggressive deflationary model could accelerate scarcity, potentially driving price appreciation more rapidly than competitors if trading volume meets expectations.
II. Utility: Multi-Dimensional Value Creation
MBG integrates multiple utility functions that have proven successful across other CEX tokens:
Trading Fee Discounts: Similar to BNB and OKB, incentivizing platform usage
Staking Rewards: Creating passive income opportunities for holders
Exclusive IEO Access: Following the successful model of Binance Launchpad and MEXC Kickstarter
Social Trading Boosts: A unique feature that differentiates it from other CEX tokens
What’s notable is how MBG has integrated the most successful utility elements from various exchanges while adding unique features that align with modern trading behaviors like social trading.
III. Institutional Credibility: The TradFi Advantage
This is where MBG truly distinguishes itself from most CEX tokens:
Established Financial Infrastructure: Backed by MultiBank Group with $4.5 trillion traded in 2024
17 Regulatory Licenses: Spanning five continents, demonstrating global compliance
Two Decades of Financial Operations: Unlike many crypto projects with limited operational history
Multiple Exchange Licenses: VARA, AUSTRAC, and FSAS regulated
While tokens like BNB have faced ongoing regulatory scrutiny and uncertainty, MBG begins with established regulatory compliance, potentially offering greater stability and institutional confidence.
IV. Market Positioning: The RWA Bridge
MBG is strategically positioned at the intersection of two powerful trends:
CEX Token Utility: Leveraging the proven business model of exchange tokens
Real World Asset (RWA) Integration: Connecting to traditional finance at a time when the market is increasingly focused on bridging TradFi and DeFi
This dual positioning is unique among CEX tokens, most of which lack the regulatory framework and TradFi connections to meaningfully participate in the RWA narrative.
V. Growth Potential: Early-Stage Opportunity
Unlike established CEX tokens with mature valuations, MBG represents an early-stage opportunity:
Market Cap Differential: Compared to BNB’s $85+ billion market cap, MBG has substantial room for growth if it captures even a fraction of that value
Expanding User Base: As MultiBank transitions its existing TradFi clients to its crypto exchange
Cross-Selling Potential: Ability to market to both crypto natives and traditional finance participants
VI. Comparative Advantage Analysis
When compared directly to leading CEX tokens, MBG offers several distinct advantages:
For investors seeking exposure to the CEX token sector, MBG offers a unique value proposition that merges institutional credibility with crypto innovation at an early stage of development. The combination of established TradFi infrastructure, aggressive tokenomics, and comprehensive utility creates a potentially powerful value proposition in the current market environment.
The post MultiBank (MBG) Token Analysis: A Standout Opportunity in the CEX Token Landscape appeared first on Coinpedia Fintech News
After examining the major centralized exchange tokens like BNB, OKB, CRO, and others, MultiBank’s MBG token emerges as a particularly compelling opportunity that combines institutional credibility with innovative tokenomics. Here’s an in-depth analysis of why MBG stands out in the current market landscape. I. Tokenomics: Strategic Scarcity by Design MBG’s tokenomics structure appears more aggressive …
