🔵 #Can BTC Break $110K?#
Bitcoin recently broke above $107,000 and is currently trading around $105,000, just shy of its all-time high at $109,580. Do you think Bitcoin can set a new record and push past $110,000? Share your analysis and predictions with us!
🔵 #AI Token Market Cap Rebounds#
According to CoinGecko, the total market cap of the AI agent sector has rebounded to $6.862 billion, with a 1.2% increase in the past 24 hours. Notably, VIRTUAL surged 18.5%, and AI16Z rose 7.1%. Which AI tokens are you bullish on? How are you planning your portfolio strategy? Let’s hear your thoughts!
Analysis: XRP formed a double top at $2.65, with $50 million in long positions at $2 to $2.04.
BlockBeats news, on May 15, according to Cointelegraph, based on Technical Analysis, XRP has formed a double top at $2.65, with the neckline at $2.47, and the rising wedge has broken down. Technical indicators show that if it continues to fall below this position, the downside target is $2.30, with a possibility of a pause in the upward trend. If it falls below the lower band support, it could accelerate a 20% drop to $1.94. There is a $50 million long positions leverage in the $2 to $2.04 range, and the liquidation risk will exacerbate selling pressure. The on-chain NUPL indicator (Net Unrealized Profit and Loss) has entered the "belief-denial" zone, and history shows that this position often signals a significant pullback, as seen in 2018 and 2021. The short-term Bull vs Bear Battle for XRP is intensifying, and if it can break through the multi-month falling wedge, the target for June is $3.69 (+45%), with symmetrical triangle and Fibonacci extension pointing to a long-term target of $5.24.