📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
Want a share of 1,000 MBG? Get involved now—show your insights and real participation to become an MBG promoter!
💰 20 top posts will each win 50 MBG!
How to Participate:
1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
Is the SEC appeal coming to an end? Rumors about the Ripple case ignite demand for XRP, Bitcoin breaks 110,000
Rumors are rampant: Will the SEC officially withdraw the XRP case appeal today?
XRP Price Reaction: Slight Pullback After Rumors Boost, Investors Still Hold Hope
XRP Price Technical Analysis: Focus on Key Resistance Breakthrough Timing
Short-term trends depend on the progress of the XRP case and news related to the XRP spot ETF.
Bullish Scenario: If it breaks above the June 30 high of $2.3275, it is expected to target the May high of $2.6553 and further challenge the $3 level and the yearly high $3.3999.
Bearish Scenario: If it breaks below the 50-day Exponential Moving Average (EMA), it may test the 200-day moving average and key support level $1.9299 (approximately 14.0 yuan).
XRP Daily Chart currently releases bullish technical signals.
Bitcoin Breaks 110,000: Strong Employment Data and ETF Inflows Play a Crucial Role
Bitcoin Price Outlook: Multiple Factors Intertwined, Focus on Key Catalysts
Short-term outlook depends on: U.S. economic data, Federal Reserve policy signals, progress on cryptocurrency legislation, international trade negotiations, ETF fund flows.
Bearish Scenario: If a combination of escalating trade tensions, legislative gridlock, hawkish rhetoric from the Federal Reserve, strong U.S. data, and outflows from ETFs occurs, BTC may drop towards the 50-day moving average and even test the $100,000 psychological level.
Bullish Scenario: If there are favorable conditions such as a trade agreement reached, bipartisan support for cryptocurrency legislation, dovish signals from the Federal Reserve, weak US data, and continuous inflows into ETFs, BTC is expected to challenge the historical high of $111,917 again.
BTC Daily Chart currently releases bullish technical signals.
Future Focus: Key Drivers That Will Determine Whether XRP/BTC Can Reach New Highs
Latest Developments in the XRP Case ( SEC's Appeal Dismissal Decision, Possible Final Settlement )
U.S. Crypto Regulatory Legislation Dynamics ( Clear Regulatory Framework )
Results of China-US Trade Negotiations ( Global Market Risk Appetite )
Federal Reserve Officials' Speech ( Interest Rate Policy Expectations, Rate Cut Timeline )
Bitcoin/Ethereum Spot ETF Fund Flow ( Institutional Demand Indicator )
(Source: FXEmpire)