hodler

25 May 2026, 05:58

XRP Price Maintains Key Floor, Market Awaits Next Major Move

XRP price started a downside correction from the $1.3750 zone. The price is now consolidating and might aim for another increase if it stays above the $1.3280 zone. XRP price started a downside correction after it failed to stay above the $1.3720 zone. The price is now trading above $1.350 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1.3650 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it settles above $1.3750. XRP Price Holds Support XRP price started a decent upward move above $1.3250 and $1.3280, outperforming Bitcoin and Ethereum . The price gained pace for a clear move above the $1.370 resistance. A high was formed at $1.3741, and the price started a downside correction. There was a move below $1.3450 and $1.3420. The price dipped below the 50% Fib retracement level of the upward move from the $1.3001 swing low to the $1.3741 high. The price is now trading above $1.350 and the 100-hourly Simple Moving Average. If there is a fresh upward move, the price might face resistance near the $1.3650 level. There is also a bearish trend line forming with resistance at $1.3650 on the hourly chart of the XRP/USD pair. The first major resistance is near the $1.3740 level, above which the price could rise and test $1.3880. A clear move above the $1.3880 resistance might send the price toward the $1.40 resistance. Any more gains might send the price toward the $1.420 resistance. The next major hurdle for the bulls might be near $1.450. Downside Extension? If XRP fails to clear the $1.3740 resistance zone, it could start a fresh decline. Initial support on the downside is near the $1.3370 level. The next major support is near the $1.3280 level and the 61.8% Fib retracement level of the upward move from the $1.3001 swing low to the $1.3741 high. If there is a downside break and a close below the $1.3280 level, the price might continue to decline toward $1.3175. The next major support sits near the $1.3120 zone, below which the price could continue lower toward $1.3050. Any more losses might call for a test of $1.30. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $1.3370 and $1.3280. Major Resistance Levels – $1.3650 and $1.3740.

25 May 2026, 05:56

Bitcoin options are coming to Nadaq. Here's what it means for you.

The new offering, pending CFTC approval, aims to democratize seamless crypto risk management

25 May 2026, 05:55

Indian Rupee Extends Gains as RBI Governor Malhotra Signals Willingness to Intervene Further

BitcoinWorld Indian Rupee Extends Gains as RBI Governor Malhotra Signals Willingness to Intervene Further The Indian rupee continued its upward trajectory against the US dollar on Tuesday, extending gains as Reserve Bank of India (RBI) Governor Sanjay Malhotra explicitly opened the door for further market intervention. Speaking at a financial event in Mumbai, Malhotra indicated that the central bank remains prepared to act decisively to curb excessive volatility, a statement that traders interpreted as a green light for additional rupee support. RBI’s Stance on Currency Management Governor Malhotra’s remarks come at a time when the rupee has been under pressure from global factors including a strong dollar and rising crude oil prices. However, his clear signaling that the RBI is willing to deploy tools such as direct dollar sales, liquidity management, and forward market operations has provided a fresh tailwind for the domestic currency. The rupee strengthened past the 83.50 mark against the dollar, a level that had previously acted as strong resistance. Market participants noted that Malhotra’s language marked a shift from the RBI’s traditionally guarded communication style. By openly discussing intervention readiness, the central bank aims to anchor expectations and deter speculative short positions on the rupee. This approach aligns with the RBI’s broader mandate of maintaining orderly market conditions without targeting a specific exchange rate. Implications for Importers and Inflation A stronger rupee offers immediate relief for Indian importers, particularly those dealing in crude oil, edible oils, and electronics. Lower import costs can help ease domestic inflationary pressures, which the RBI has been battling through its monetary policy stance. Analysts estimate that every 1-rupee appreciation against the dollar reduces India’s crude oil import bill by roughly ₹10,000 crore annually. However, export-oriented sectors such as textiles, IT services, and pharmaceuticals may face headwinds as their products become relatively more expensive in global markets. The RBI’s intervention strategy appears calibrated to balance these competing interests, preventing both runaway depreciation and excessive appreciation that could hurt export competitiveness. Market Reaction and Forward Outlook Following Malhotra’s comments, the rupee touched an intraday high of 83.38 against the dollar, its strongest level in three weeks. Bond yields also eased marginally as the market priced in reduced currency risk. Traders are now watching for any actual intervention in the spot and forward markets, with many expecting the RBI to continue its active management approach in the near term. The central bank’s ability to sustain the rupee’s rally will depend on external factors such as the Federal Reserve’s interest rate path and global risk sentiment. Nevertheless, Malhotra’s clear communication has provided a psychological floor for the currency, at least for now. Conclusion The Indian rupee’s recent rally reflects a combination of proactive RBI policy signaling and improved market sentiment. Governor Malhotra’s openness to further intervention has strengthened the currency’s near-term outlook, though structural challenges remain. For businesses and investors, the key takeaway is that the RBI is prepared to use its arsenal to manage volatility, making aggressive bets against the rupee riskier in the current environment. FAQs Q1: What did RBI Governor Sanjay Malhotra say about rupee intervention? He stated that the RBI is prepared to take further action to curb excessive volatility in the foreign exchange market, signaling a willingness to intervene more aggressively if needed. Q2: How does a stronger rupee affect the Indian economy? A stronger rupee reduces import costs, helping to lower inflation, but it can hurt export competitiveness for sectors like textiles and IT services. Q3: What tools does the RBI use to influence the rupee’s value? The RBI uses direct dollar sales in the spot market, forward market operations, liquidity adjustments, and verbal intervention through official statements to manage currency volatility. This post Indian Rupee Extends Gains as RBI Governor Malhotra Signals Willingness to Intervene Further first appeared on BitcoinWorld .

25 May 2026, 05:51

3 Things That May Move Bitcoin and Crypto Markets This Week

Crypto markets have remained flat over the past day, but had a weekend boost after US President Trump hinted that a “largely negotiated” deal with Iran was imminent. “It also appears further progress has been made toward a 60-day ceasefire extension for the Iran War,” said the Kobeissi Letter. This week will see key inflation reports, which could put further pressure on the economy and the central bank. Economic Events May 25 to 29 US markets are closed on Monday for Memorial Day, but there is likely to be some movement in stock futures and crypto as investors digest any US-Iran peace deal agreements. In his latest statement, Trump was typically evasive.“If I made a deal with Iran, it will be a good and proper one,” he said, countering comments from Sunday suggesting it was almost finalized. According to Axios, the White House no longer expects an agreement with Iran to be announced on Monday and thinks it could take “several more days.” Tuesday kicks off the economic data for the week with May’s consumer confidence report, which will reflect the increase in inflation. Thursday is the big data day, with April’s Personal Consumption Expenditures Price Index (PCE) and first-quarter GDP data. “Headline spending will be lifted by higher gasoline prices, but otherwise we are likely to see some weakness,” said ING economist James Knightley in a note. The PCE figures “will do little to ease inflation concerns in an environment where freight costs are rising appreciably in response to higher motor fuel costs,” he added. Key Events This Week: 1. US-Iran Agreement Details – Expected Today 2. US Markets Closed, Memorial Day – Monday 3. May Consumer Confidence data – Tuesday 4. April PCE Inflation data – Thursday 5. US Q1 2026 GDP data – Thursday 6. April New Home Sales data – Thursday We… — The Kobeissi Letter (@KobeissiLetter) May 24, 2026 New home sales for April and weekly jobless claims data are also due this week, but focus will primarily be on the POTUS and a deal with Iran. Crypto Market Outlook Crypto market capitalization has not moved over the past 24 hours, but Bitcoin and its brethren quickly recovered from Saturday’s dump. BTC fell to $76,000 in late Sunday trading but rapidly recovered to reclaim $77,000 during the Monday morning Asian session. Weekly resistance currently lies at $78,000, an area that could be broken if positive news on a deal emerges this week. Ether prices continue to weaken, with the asset falling below $2,100 on Monday morning. The altcoins remain mostly flat with minor gains for Hyperliquid , Zcash, and Monero. The post 3 Things That May Move Bitcoin and Crypto Markets This Week appeared first on CryptoPotato .

25 May 2026, 05:49

Adam Back Says Altcoins and Meme Coins May Head to Zero

Back argued that many alternative cryptocurrencies still lack sustainable long-term value and suggested that speculative assets driven mainly by hype could struggle as market conditions tighten. His comments also touched on his concerns surrounding meme coins like Dogecoin, Shiba Inu, and Pepe, which still maintain strong trading activity despite questions about their long-term value and durability. Bitcoin Dominance Is Crushing Altcoins Blockstream CEO Adam Back once again criticized altcoins and meme coins, and argued that the crypto market may finally be moving toward what he believes is a more realistic valuation of these assets. In a recent post on X, Back stated that he expected the efficient market hypothesis to eventually drive many altcoins toward “$0,” and added that he first made this prediction about a decade ago. According to him, it has simply taken longer than expected for markets to recognize what he described as “air tokens” with little sustainable value. Back’s comments are part of a long-standing divide in the cryptocurrency industry between Bitcoin maximalists and supporters of alternative blockchain projects. Bitcoin-focused investors argue that Bitcoin stands apart from the rest of the crypto market because of its decentralized structure, fixed supply, strong security model, and long operating history. From this perspective, many altcoins and meme coins are seen as speculative assets that lack the durability or economic foundations that are necessary to survive over the long term. Back’s comments came at a time when Bitcoin dominated a big share of the overall crypto market. With Bitcoin dominance being close to the 59% range, a large amount of investor capital stayed concentrated in BTC rather than rotating aggressively into alternative cryptocurrencies. Historically, periods of high Bitcoin dominance tend to place pressure on altcoins, as traders become more selective and liquidity flows toward assets seen as safer or more established. Bitcoin dominance (Source: CoinCodex) This environment made it harder for many smaller crypto projects to sustain long-term rallies. While some altcoins and meme coins still experience sharp price increases during periods of strong market optimism, they also tend to suffer deeper corrections when sentiment weakens or liquidity tightens. Back specifically pointed to meme coins as a vulnerable segment of the market because many are driven primarily by online hype, viral trends, and speculative trading activity rather than utility or revenue generation. Top meme coins by market cap (Source: CoinCodex) Despite the criticism, the meme coin sector still commands billions of dollars in market value . Popular tokens like Dogecoin, Shiba Inu, and Pepe have strong communities and active trading volume. However, Back is still unsure whether these assets can maintain lasting value once speculative momentum fades and market conditions become less favorable.

25 May 2026, 05:28

Ethereum Price Builds Momentum For Another Bullish Surge Ahead

Ethereum price started a downside correction from $2,150. ETH must clear the $2,120 and $2,150 resistance levels to continue higher. Ethereum started a downside correction below the $2,125 zone. The price is trading above $2,100 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,110 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,150 zone. Ethereum Price Holds Support Ethereum price failed to stay above the $2,145 zone and extended its decline, like Bitcoin . ETH price gained pace for a move below the $2,120 and $2,110 levels. The bears pushed the price below the 38.2% Fib retracement level of the upward move from the $2,001 swing low to the $2,147 high. However, the bulls were active near the $2,065 level. Besides, there is a bearish trend line forming with resistance at $2,110 on the hourly chart of ETH/USD. Ethereum price is now trading above $2,100 and the 100-hourly Simple Moving Average . If the bulls remain in action above $2,065, the price could attempt another increase. Immediate resistance is seen near the $2,110 level. The first key resistance is near the $2,140 level. The next major resistance is near the $2,150 level. A clear move above the $2,150 resistance might send the price toward the $2,220 resistance. An upside break above the $2,220 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $2,250 resistance zone or even $2,320 in the near term. Another Decline In ETH? If Ethereum fails to clear the $2,110 resistance, it could start a fresh decline. Initial support on the downside is near the $2,075 level. The first major support sits near the $2,055 zone or the 61.8% Fib retracement level of the upward move from the $2,001 swing low to the $2,147 high. A clear move below the $2,055 support might push the price toward the $2,020 support. Any more losses might send the price toward the $2,000 region. The main support could be $1,940. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 zone. Major Support Level – $2,055 Major Resistance Level – $2,150