Crypto

XRP\'s 1.65 dollar level could shape trend; breakout may spark rise to 7.50

A key price level of $1.65 has been singled out as pivotal for XRP\'s medium- to long-term direction. Blockchain outlet The Crypto Basic reported that market analyst Egrag focused on XRP starting July below the 50-month simple moving average, saying a break above could shape the cycle. He outlined scenarios including a retest of the 88-month average and said a clear move above $1.65 could open a path toward $7.50, while keeping a longer-term target of $42.

Crypto

Bitcoin recovers to $63,500 range as market\'s \'Monday caution\' draws attention

Bitcoin climbed to the $63,500 range, nearing its highest level in two weeks. It traded around $62,700 ahead of the weekly close and retested the 200-week simple moving average, viewed as a long-term trendline. The rise came amid thin order books and U.S. holiday conditions, with selling pressure seen near the top. Short-position liquidations also lifted prices. Traders remained wary of early-week trading, citing recent Monday weakness.