#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
💬 Do you think Bitcoin will become a new norm for corporate asset allocation? How might this impact Bitcoin’s price? What’s your recent BTC trading strategy? Post to share your price predictions, market analysis, and strategies with us using the topic tag!
🎁 Meanwhile, Gate’s BTC Staking event is in full swing! Simply stake your BTC and earn up to 3% APY. Click the link to start staking and enjoy your earnings: https://ww
XRP Rises From the Abyss Amidst the America–Iran Crossfire: Is the $3 Target Closer Than Ever?
XRP has just reached a significant price, and this is happening right as the bomb is being dropped. Shortly after news of the U.S. airstrike on Iran broke, XRP plummeted straight down to the support zone of 2.01 dollars, causing panic across the charts. Veteran analyst CasiTrades stated that this decline is not random, it has been perfectly predicted and now, the rise to 3 dollars is the next milestone she has set for the price of XRP. XRP broke through the support zone of $2.01 as planned. After several weeks of consolidation, XRP has dropped sharply and fell straight down to the level of 1.93 dollars, right at the level that veteran cryptocurrency trader CasiTrades has marked as the first major Fibonacci support. It's interesting that this happened right as news of the US-Iran conflict spread. While market fears are increasing due to geopolitical risks, XRP's recovery from this critical level is giving traders hope for a turnaround. The chart from CasiTrades clearly shows this recovery as the price rises again after touching the green support zone. RSI price increase suggestion What makes this recovery even more interesting is what is happening with the momentum of XRP. The chart also shows potential bullish divergence forming on both the 15-minute and 1-hour RSI, indicating that buyers are stepping in just as selling pressure cools off. Meanwhile, the recovery trend has not yet been confirmed, but the 1-hour trend line is starting to slope upwards, an early sign that momentum is changing. Targeting $3.00—But still must be cautious The market is at a critical stage. Although this recovery from $2.01 shows strength, analysts remain cautious. If XRP can hold above $2.01 and increase steadily, the next major resistance zone to break is near $3.00. This would signal a true trend reversal and could potentially lead to a new bullish phase. Although this recovery is a good sign, CasiTrades warns that it is still too early to celebrate. There is still no confirmation of a larger trend change on the 4-hour or daily chart, as the RSI is at 20.4. If the recovery momentum cannot be maintained, XRP may slide down to the next support level of $1.90 or even $1.55.