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The XRP price plunged 4% in the past 24 hours to trade at $2.145 as of 4:53 a.m. EST, with a 17% surge in trading volume to $3.7 billion.
This comes as Circle, the issuer of the world’s second-largest stablecoin, officially launched USDC natively on the XRP Ledger (XRPL).
The integration brings a fully-backed, regulated digital dollar to one of the industry’s longest-standing and most efficient blockchains.
XRP Price At A Crossroads: Will A Triangle Pattern Crack Or Spark A Breakout?
The XRP price on the 3-day chart is currently forming a descending triangle pattern, which in most cases is a bearish structure characterized by a series of lower highs against a relatively horizontal support level.
The Ripple token price has failed multiple times to break above the descending resistance, with the most recent rejection near point D aligning almost precisely with the 50 Simple Moving Average (SMA). This indicates weakening bullish pressure and growing vulnerability near the support level.
The base of the triangle is around $2.00, a critical psychological and technical level. A breakdown below this zone could confirm the bearish pattern and lead to a substantial downward move.
Meanwhile, the 50 SMA currently sits at $2.3781, and the XRP price is trading below it, which reflects short-to-mid-term weakness.
However, the 200 SMA at $1.1830 remains significantly lower and upward-sloping, indicating the broader trend is still technically bullish.
XRP Price Prediction
XRP is shaking on the edge of a significant decision point. The descending triangle suggests growing seller dominance, and a close below the $2.00 support would likely activate the pattern’s downside target.
Based on the height of the triangle (from $3.50 to $2.00), a breakdown could project a drop toward the $1.50–$1.60 area, aligning closely with the rising 200 SMA around $1.18–$1.20, which could act as a final line of strong support.
However, if the $2.00 level continues to hold and buyers manage to push the price of Ripple token back above the descending trendline and the 50 SMA ($2.38), it could invalidate the bearish structure and open the door to a bullish reversal, with short-term upside potential toward $2.80–$3.00.
Meanwhile, investors are FOMO buying Solaxy (SOLX), a Layer-2 solution for Solana, which has rocketed past $48.7 million in its presale, making it one of 2025’s largest token sales.
With only three days remaining until June 16, 2025, investors are racing to grab $SOLX at $0.001756 before it hits major exchanges.
Crypto analysts, including YouTube channel 99Bitcoins with over 723K subscribers, forecast a potential 10X surge post-launch.
Solaxy Presale Nears End Raising $48.7M – Listing In 3 Days
Built to solve Solana’s congestion bottlenecks, Solaxy processes transactions off-chain, bundling them for mainnet verification, mirroring Ethereum’s Arbitrum and Optimism. This enhances Solana’s scalability, supporting high-frequency trading and DeFi applications.
Recent developments include a Hyperlane partnership, enabling seamless Solana-Ethereum interoperability, and a $62 million token burn (35 billion SOLX, 25% of supply), boosting scarcity.
🔥 $62M Worth of $SOLX Burned 🔥
We’ve just burned 35,046,000,000 $SOLX — worth over $62 million — in one of the most aggressive supply reductions in the space.
Check it out: https://t.co/kBxp26OXdh
This move isn’t just symbolic — it’s a major step toward a more sustainable,… pic.twitter.com/VWeo3RIZkv
— SOLAXY (@SOLAXYTOKEN) June 12, 2025
The team also launched a testnet, blockchain explorer, and a $25,000 bug bounty to ensure robustness. This makes SOLX an attractive buy as the presale hurtles towards $49 million.
Investors can purchase SOLX using BNB, ETH, USDT, or card through Solaxy’s website and stake tokens for a massive 84% APY. Investors will want to buy before the presale ends in 3 days.
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