• XRP price is correcting gains from the $3.080 resistance.
• The price is now trading near $2.9650 and the 100-hourly Simple Moving Average.
• There is a key bearish trend line forming with resistance at $3.020 on the hourly chart of the XRP/USD pair (data source from Kraken).
• The pair could continue to decline if it stays below the $3.050 zone.

XRP Price Faces Hurdles

XRP price started a downside correction from $3.0850, like Bitcoin and Ethereum. The price traded below the $3.0650 and $3.050 levels.

The bears were able to push the price below $2.980 and the 100-hourly Simple Moving Average. Moreover, there was a spike below the 50% Fib retracement level of the upward move from the $2.824 swing low to the $3.080 high.

The price is now trading below $2.9650 and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance at $3.020 on the hourly chart of the XRP/USD pair.

If the bulls protect the $2.920 support, the price could attempt another increase. On the upside, the price might face resistance near the $3.00 level. The first major resistance is near the $3.020 level. A clear move above the $3.020 resistance might send the price toward the $3.080 resistance. Any more gains might send the price toward the $3.120 resistance. The next major hurdle for the bulls might be near $3.150.

More Losses?

If XRP fails to clear the $3.020 resistance zone, it could continue to move down. Initial support on the downside is near the $2.920 level or the 61.8% Fib retracement level of the upward move from the $2.824 swing low to the $3.080 high. The next major support is near the $2.8850 level.

If there is a downside break and a close below the $2.8850 level, the price might continue to decline toward $2.80. The next major support sits near the $2.780 zone, below which the price could gain bearish momentum.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $2.920 and $2.840.

Major Resistance Levels – $3.020 and $3.080.

The higher-timeframe momentum gauges for Dogecoin are quietly resetting, and two widely followed chartists say the setup that preceded DOGE’s biggest advances is close to reappearing.

In a new monthly chart, Kevin (@Kev_Capital_TA) stacks three market cycles and highlights a repeating structure: long, descending consolidations that resolve into impulsive breakouts, followed by measured Fibonacci 1.618 extension targets penciled far above the range.

One Trigger Could Ignite Dogecoin’s Cycle Surge

The present cycle has already cleared its multi-month falling wedge on the 1-month chart and, critically, completed a clean throwback: price pushed through the descending trendline, retested it from above, and turned higher, converting former resistance into support. On Kevin’s canvas, DOGE trades in the ~$0.23 area on the monthly scale, sitting beneath layered horizontal supply bands but above the wedge ceiling that capped it through the consolidation.

Related Reading

Momentum is the hinge of Kevin’s thesis. “Anytime we saw Monthly Stoch RSI crosses on #ogecoin outside of the bear market along with an uptrending Monthly RSI ultimately lead to massive rallies to the upside,” he writes. He adds that “the goal is to get the StochRSI to cross the 20 level and show follow through as anything below that level is a sign of weak momentum. Currently crossing to the upside and at the 13 level.”

His lower panel draws a rising diagonal on the 1-month RSI—explicitly labeled “Higher Lows on 1M RSI”—to underscore that longer-term momentum troughs have been stepping up even as price coiled inside the wedge.

Kevin also reiterates the inter-market backdrop he’s watching: “If BTC can move higher and not putter out on us and we ultimately get ETH into price discovery with a dropping BTC Dominance then like I have said before DOGE’s biggest move of the cycle is likely. Just need a little more time and for BTC and the macro to support the move. That’s the reality not engagement farming hopium.”

Related Reading

With the structural breakout and retest in hand, the remaining confirmation on his checklist is mechanical—see the monthly StochRSI reclaim and hold above 20 while the monthly RSI preserves its pattern of higher lows.

On targets, Kevin has previously mapped an aggressive trio of Fibonacci extensions above the last cycle’s peak: 1.618 at $3.97, 1.65 at $4.33, and 1.703 at $5.00. In prior cycles on the same template, wedge resolutions were followed by vertical expansion toward comparable 1.618 objectives; these three levels now serve as forward waypoints should trend acceleration resume.

Ichimoku Cloud Analysis For DOGE

A complementary, mid-cycle lens from Cantonese Cat (@cantonmeow) uses 2-week candles with Ichimoku Cloud to track the transition. “It’s doing more or less what I thought it would do from 2 months ago,” he notes, “where it bounced off the cloud, reclaiming Tenkan (blue line) as support, and is trying to launch itself above the green Ichimoku cloud on the right.”

In Ichimoku terms, that sequence—cloud bounce, Tenkan regain, then an attempt to clear the top of the forward green cloud—aligns with a shift from corrective to trending conditions on the 2-week timeframe and dovetails with Kevin’s higher-timeframe momentum trigger.

Taken together, the two studies narrow the focus to a clear condition set. Tactically, the 2-week chart is pressing the cloud top after reclaiming the Tenkan as support. And cyclically, the 1-month StochRSI is curling up from ~13 toward the threshold Kevin considers decisive at 20 while the 1-month RSI maintains a series of higher lows. If those momentum thresholds are secured against a supportive majors tape—firmer BTC, ETH in discovery, and declining BTC dominance—the Fibonacci extensions at $3.97, $4.33, and $5.00 could be DOGE’s price targets for this cycle.

At press time, DOGE traded at $0.223.

Featured image created with DALL.E, chart from TradingView.com

With September just around the corner, Ethereum bulls are jittery, since the ninth month of the calendar year has typically been associated with weakness by the number-two coin. With an average loss of -6.42% since 2016, September is the single worst-performing month for Ethereum over most cycles.

Ethereum has been on a tear, fueled by institutions

Ethereum has been on a tear lately, closing in on all-time highs and breathing new life into the ETH community and beyond. As of mid-August 2025, ETH is trading above $4,700, up roughly 76% year-to-date and about 25% just since the start of August, marking its best price performance since the 2021 bull run.

Institutional inflows have been a major driver of Ethereum’s rally, as spot ETH ETFs attracted nearly $3 billion in net inflows throughout August, propelling prices higher and revealing new trends among institutional buyers.

Corporate treasury adoption is also ballooning, with companies collectively amassing over $17 billion in ETH reserves this year alone, locking up supply and intensifying price momentum.

Fundstrat co-founder and current chairman of BitMINE Immersion Technologies, Tom Lee, has made headlines this year with his company’s strategic pivot to Ethereum.

In just over a month, BitMINE accumulated the world’s largest corporate Ethereum treasury, boasting over $6.6 billion in ETH to become the largest ETH holder, surpassing even major investment and tech firms, such as ConsenSys.

Macro conditions have remained favorable as well, as dovish signals from the U.S. Federal Reserve and improving global risk sentiment contributed to deeper institutional interest.

On-chain factors like DeFi activity, and protocol upgrades like Pectra have further reduced liquid supply and incentivized longer-term holding, creating powerful tailwinds for ETH’s price performance.

ETH’s notorious September weakness, bull run over?

However, as September approaches, portfolio rebalancing after summer runs, and tax-related selling could serve to damper the flames of a hot summer. Bitcoin and crypto trader Crypto Rover questioned Ethereum’s curious seasonality, posting:

“SEPTEMBER IS USUALLY A BEARISH MONTH FOR $ETH

Not just in general, but especially in post-halving years.
2017: -21.65%
2021: -12.55%
2025: ???
What’s your prediction?”

ETH’s price history reveals a persistent and often brutal September pattern. Since 2016, ETH gains in August are regularly wiped out in September. In 2017, ETH rallied 92% in August, then dropped -21.65% in September, after China announced a ban on ICOs.

In 2020, the Eth price was up around 25%, followed by a 17% pullback in September, and in August 2021, ETH found itself up some 35% only to retrace by 12% in September.

Not everyone is bearish on Eth

Despite the undeniable pattern, not all analysts are bearish. Standard Chartered Bank recently forecast ETH price to reach $7,500 by year-end 2025, with a longer-term target of $12,000 in 2026 and $18,000 by 2027.

On August 13, 2025, Tom Lee told CNBC that he expects Ethereum to “keep charging ahead” with upside propelled by ETF inflows and institutional adoption pushing the price above $7,000 a coin.

While the data suggests ETH faces a seasonal headwind in September, especially after a strong August, if ETH can buck its September curse, a bullish Q4 awaits.

Mentioned in this article

Bitcoin

bulls mounted a fresh challenge to a crucial resistance level as traders looked forward to U.S. inflation data.

The top cryptocurrency rose to $122,056, testing the 1.618% Fibonacci extension originating from the 2018 bear market low and the 2022 bear market low. The 1.618% extension is derived from the “golden ratio,” a revered mathematical constant in finance, which is widely found in nature and art. Many believe it also influences human psychology and market movements.

This is the bulls’ second attempt to scale the key resistance levels. They previously penetrated the same last month, but failed to sustain gains, which ultimately led to a price pullback to lows under $112,000.

A successful hold above the “golden ratio” would cement expectations for a rally toward $140,000, the most popular call option strike on the crypto derivatives exchange Deribit. As of writing, the $140,000 call boasted a notional open interest of over $3 billion, according to data source Deribit Metrics.

However, if the bulls fail to hold their ground for a second time, it would suggest the buying pressure is insufficient, potentially yielding a deeper correction.

As of writing, BTC changed hands at $122,000, having hit a high of $122,171 during the early Asian trading hours, according to CoinDesk data.

Focus on U.S. inflation

Data due Tuesday is expected to show that the impact of Trump’s tariffs crept into inflation in July, lifting price pressures in the economy.

The core consumer price index, which strips out volatile food and energy costs, is likely to have risen 0.3% in July, according to the median projection in a Bloomberg survey of economists. In June, the core CPI increased by 0.2% from the previous month.

A hotter-than-expected inflation print may trigger market volatility, but it is unlikely to deter the Fed from cutting rates in September, according to Marc Chandler, chief market strategist at Bannockburn Global Forex. In other words, the dollar’s downtrend could continue after the CPI report, boding well for risk assets, including cryptocurrencies.

“With U.S. interest rates still at the lower end of their ranges, despite a soft reception at the U.S. refunding last week, we suspect the market is vulnerable to what may prove to be the third consecutive monthly increase in the year-over-year headline and core CPI. After the report, we suspect the dollar’s downtrend can resume,” Chandler said in the market report on Sunday.

He explained that July’s weak jobs report was a significant turning point that raised bets for a Fed rate cut, ending the dollar’s counter-trend recovery rally.

Read more: Ether Volatility Spikes on Rally as Bitcoin Edges Back Toward Record Highs

As the August 1 deadline for a U.S.–Europe tariff deal approaches, talks between the Trump Administration and the European Union have reached a critical stage, and investors are hopeful that a deal will be reached in time to calm global markets.

Investors hold their breath for a U.S.–Europe tariff deal

The U.S. and EU are reportedly closing in on a deal that would set a broad, baseline 15% tariff on European goods entering the United States, with potential exemptions for select sectors.

This follows President Trump’s prior threats to raise tariffs as high as 50% on certain imports if no agreement is reached, a move that’s kept European exporters and global investors on edge.

Some of the most contentious areas remain automobiles and parts, as well as steel and aluminum, and sensitive, high-value sectors like pharmaceuticals and semiconductors. EU officials have insisted that any agreement must deliver immediate relief on tariffs for these critical industries, rather than deferring it until the final deal is ratified. Trump told reporters on July 25:

“I would say that we have a 50-50 chance, maybe less than that, but a 50-50 chance of making a deal with the EU.”

From his statement, it’s clear that the U.S.–Europe tariff is far from a done deal, and uncertainty still hangs over the negotiations. European diplomats have signaled that while a broad framework may be agreed upon soon, a number of outcomes remain possible, including a successful deal, a temporary reprieve, or an all-out tariff escalation on August 1.

Market impacts: volatility, risk, and crypto

Investors have reacted to the prospect of a deal with cautious optimism, hoping that even a partial agreement can reduce trade uncertainty that has weighed on European equity markets and global supply chains since Trump’s initial tariff announcements in April. U.S. stocks have hovered near record highs as traders price in a higher likelihood of a U.S.–Europe tariff relief, though volatility is expected to tick up as the deadline approaches.

Trade tensions and tariff threats typically fuel concerns about economic slowdowns, stagflation, and disruptions to both the dollar and euro, increasing volatility across markets. Crypto assets, particularly Bitcoin, often benefit in such climates as global investors look for alternatives that are independent of any single government’s policy.

Previous escalations in U.S.–China and U.S.–EU trade spats have prompted spikes in BTC trading volumes and strengthened the narrative of Bitcoin as a mature asset and a “hedge” against geopolitical and monetary uncertainty. However, as noted by Koinly:

“If confidence in national currencies or markets drops, people might move into crypto to preserve their wealth. However, this behavior is not consistent and depends heavily on sentiment.”

Should tariff escalation continue or uncertainty persist, we might expect some renewed momentum for Bitcoin and crypto as safe-haven assets and stores of value, similar to gold. Conversely, a last-minute trade deal could restore some calm to traditional markets, potentially dampening the crisis premium that sometimes serves to boost crypto and even seeing a potential short-term slump.

Roman Storm, the co-founder of the crypto mixing service Tornado Cash, has asked for help to raise an immediate $500,000 ahead of his trial on Monday on charges of money laundering and sanctions violations.

Storm posted on X on Saturday that he faces a “critical shortfall” and needs to raise $500,000 in the next few days, and will need another $1 million within the next few weeks to cover the cost of his legal battle.

“My team is working nonstop to defend code as free speech, protect software development, and push back against government overreach that threatens us all,” he added.

In May, Free Pertsev & Storm, an organization set up to provide legal aid to the Tornado Cash founders, projected that the total legal costs for Storm’s trial would be $2 million.

However, Storm said on Friday that his legal fees will mount to $3.5 million as his trial could last up to four weeks, double the initially anticipated two weeks, due to “complex legal arguments and unforeseen witnesses and evidence.”

Storm was arrested in August 2023 on counts of money laundering, conspiracy to operate an unlicensed money transmitter, and conspiracy to violate US sanctions and faces up to 45 years in prison if found guilty.

On Friday, Storm’s legal team attempted to postpone the trial, arguing that prosecutors disclosed a witness after the scheduled deadline had ended.

The judge overseeing Storm’s criminal trial, Judge Katherine Failla, said she would not allow any mention of the US Treasury’s sanctions levied against Tornado Cash, which were withdrawn in March.

Related: Ethereum Foundation pledges $500K to Roman Storm’s defense

In April, the crypto lobbying group the DeFi Education Fund petitioned the Trump administration to end the so-called “lawless prosecution” of open-source software developers, including Roman Storm.

57% of goal raised for Tornado Cash trial

Storm is attempting to raise $3.5 million in total. At the time of writing, Storm has managed to raise $1.96 million, approximately 57% of the goal.

Since the donations are made in Ether (ETH), the amount raised can fluctuate. Currently, ETH is trading at $3,030, up 2.9% in the past 24 hours, according to Nansen.

Last month, the Ethereum Foundation said it would donate $500,000 and match community donations up to $750,000 for Storm’s legal defense.

MetaCartel’s Bill Warren said that the MetaCartel DAO has given all the funds it had left in its treasury to support the cause.

Magazine: Inside a 30,000 phone bot farm stealing crypto airdrops from real users

]]> https://earlybirdsinvest.com/tornado-cashs-roman-storm-makes-urgent-plea-for-500k-as-trial-looms/feed/ 0 47539 https://earlybirdsinvest.com/irans-response-to-us-bombing-bitcoin-recovers-as-ww3-looms/ https://earlybirdsinvest.com/irans-response-to-us-bombing-bitcoin-recovers-as-ww3-looms/#respond Sun, 22 Jun 2025 16:21:32 +0000 https://earlybirdsinvest.com/irans-response-to-us-bombing-bitcoin-recovers-as-ww3-looms/

What will Iran react to the US bombing? President Donald Trump has just attacked and bombed nuclear sites in Iran’s Foudow, Natanz and Isfahan, and called for peace. He just declared war. I will not return.

In response, the crypto market was as chaotic and whimsical as the US president, with Bitcoin crashing to $100,945 within minutes, cutting $40 billion from the total market before leveling it at $102,350.

Meanwhile, Iran labeled the Strikes as a violation of the non-proliferation treaty. It delved deeper into Israeli territory and sparked a fire as the region leaned further towards all-out war. What else can we expect from this conflict and the major impact on international stocks, crypto and global markets?

24 hours7d30D1Yeverytime

Iran and Israeli missile exchanges amplify tensions

After a US-led attack on Saturday, Iran reportedly fired two waves of missiles, firing a total of 27 strikes, hitting the area from Golan Heights to Upper Galilee and Tel Aviv.

Israeli authorities have confirmed damages on 10 different sites, including serious impacts in metropolitan areas such as Haifa and Tel Aviv. Emergency medical crews reported 16 injuries as they continue to com via the affected area.

For the first time, Iran’s missile strategy has intensified the exchange of continuous strikes, with close successive attacks.

A few hours ago Donald Trump told Barack Ravid: “We were a huge success tonight. Israel is much safer now.”

Israel now: pic.twitter.com/d3gsz3dlmm

– Daily Iranian military (@iriran_military) June 22, 2025

President Trump wasted no time claiming victory.

“We have completed a very successful attack on three nuclear sites,” he posted, celebrating the US military as unparalleled in the world.

Meanwhile, Iran was pushed back violently. The atomic energy organization has accused the airstrike of “evil conspiracy” and silenced international watchdogs like the IAEA.

Bitcoin and the crypto market respond to geopolitical chaos

Bitcoin didn’t get the news well. Within minutes of Trump’s confirmation of the strike, BTC was $100,945. It then rebounded to just $102,350, but not before wiping $40 billion from the crypto market.

Currently, momentum signals suggest that the market has not yet been out of the forest.

I love watching people get surprised beyond the -5% “Bitcoin crash.”

Bitcoin is not unstable.

I don’t understand what stability looks like after more than 100 years of Fiat hallucination.

– Adam Livingstone (@adambliv) June 22, 2025

The BTC scaffolding looks unstable at $102,000. This is a level that has been tested more than twice this week. The new death intersection with SMA diving below 200 adds to the bearish outlook. The Bollinger band, which had been temporarily expanded during the sell-off, was narrowed again. Historically, it is calm before the next storm.

Historically, when Bitcoin has been relatively silent for several weeks, it portends parabolic profits.

Meanwhile, Iran has vowed to double its nuclear program and warn outside interference.

What’s next for WW3?

Tensions are rising rapidly, and Fallout may not stop at Iran’s borders. Retaliatory strikes at US bases or allied areas remain a serious threat. The IAEA hasn’t weighed it yet, but geopolitical analysts have already planned the game what will happen if Russia or China moves further Ukraine or Taiwan in chaos.

As uncertainty increases, investors are hedging violently. Don’t be surprised if Bitcoin continues to rebound.

Exploration: Tether CEO Paolo Aldoino wants net positive from the US election, says Bitcoin’s strategic reserve is a great idea: exclusively for 99Bitcoins

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