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BRETT Stabilizes, TRUMP and GOAT Suffers

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The crypto market had a volatile week that ended on a not-so-positive note, led by Bitcoin. Altcoins experienced a similar week, with many noting losses, especially the meme coins, some of which are inching closer to a new all-time low.

BeInCrypto has analyzed three such meme coins, which showcase the different intensities of the market’s drawdown: some noted weekly lows, and others saw massive losses.

Brett (BRETT)

BRETT price had gained 9% over the last week but lost all the gain on Friday after seeing major corrections. The meme coin is trading at $0.0379, below the local resistance of $0.0429.

The meme coin continues to struggle against broader bearish market conditions, making it difficult to break higher. However, with sustained interest, a rise above resistance remains possible. 

The primary target for BRETT is to breach $0.0478 and flip it into support after noting a 17% rise. This has been an ongoing challenge for the altcoin, with previous attempts failing over the past month.

Successfully flipping $0.0478 into support would open the path for further growth, potentially pushing BRETT above $0.0500. 

BRETT Price Analysis.
BRETT Price Analysis. Source: TradingView

However, if BRETT fails to break through $0.0429, it could retrace to $0.0372. Falling below this level would invalidate the current bullish outlook, potentially sending the altcoin down to $0.0348.

Goatseus Maximus (GOAT)

GOAT has faced a persistent downtrend since the start of the year, currently trading at $0.0634. This prolonged decline has erased nearly all of its previous gains. The market’s overall bearish conditions have kept the altcoin struggling, making it difficult for GOAT to secure upward momentum.

Currently, GOAT is trading just above its all-time low (ATL) of $0.0601, having experienced a significant 37% decline over the past week. If the market conditions remain unfavorable, the altcoin could see a drop below $0.0600, potentially marking a new ATL and deepening its losses.

GOAT Price Analysis.
GOAT Price Analysis. Source: TradingView

However, if GOAT receives support from bullish investors or market sentiment shifts positively, it could stage a recovery.

The meme coin’s target would be $0.1104, and if it successfully breaches this resistance, the bearish outlook could be invalidated, helping GOAT recover from its recent losses.

OFFICIAL TRUMP (TRUMP)

TRUMP initially jumped to $13.11 this week before seeing a drop to $12.28 on Friday. The meme coin has managed to hold above the key support level of $12.10, indicating a stabilizing trend amid the broader market’s volatility.

This support level continues to be critical for price movements.

While TRUMP reached an intra-week high of $17.14, the altcoin has struggled to maintain upward momentum. The ongoing downtrend and prevailing bearish market conditions pulled the price back down.

Moving forward, TRUMP is likely to consolidate between $17.14 and $12.41, with these levels marking significant resistance and support.

TRUMP Price Analysis.
TRUMP Price Analysis. Source: TradingView

The only way this neutral outlook is invalidated is if TRUMP falls below $12.41. A breakdown below this support could lead the altcoin to slide toward its all-time low (ATL) of $11.07, signaling a more bearish trend.

This would also extend the losses seen in the current downtrend.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Ripple Announces $1.25B Acquisition Of Hidden Road To Set Major Milestone

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Ripple Labs has announced a major acquisition to shock the market out of an otherwise dreadful week. Taking to X (formerly Twitter), the crypto firm announced that it has acquired Hidden Road, a brokerage, clearing, and financing firm as it moves forward in its mission to become the leader for institutional investors moving into the digital assets space.

Ripple Acquires Hidden Road For $1.25 Billion

The Tuesday announcement by Ripple has further solidified the mission that the crypto firm has long put forward, and that is to provide instant and quick transfer of value for traditional and institutional investors coming into the digital assets space.

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As CEO Brad Garlinghouse explained in a separate X post, the decision to acquire Hidden Road for $1.25 billion comes after a long-standing customer relationship with the company. Garlinghouse revealed that Ripple understands the breadth of Hidden Road’s expertise, making it a prime candidate for the acquisition.

The integration of the XRP Ledger by Hidden Road will allow for cheap and fast movement of value to the brokerage’s customers, which moves over $3 trillion annually. A portion of this massive value is expected to move through the ledger, as well as using the RLUSD stablecoin as collateral for brokerage services.

Additionally, Hidden Road will be able to expand its capacity for value transfer, allowing Ripple to process even more volume. “With this deal and the backing of Ripple’s significant balance sheet, Hidden Road will exponentially expand its capacity to service its pipeline and become the largest non-bank prime broker globally,” Garlinghouse’s post read.

This acquisition comes after Ripple acquired Standard Custody back in February 2024. Standard Custody provided an online platform offering clients digital asset custody solutions, enabling Ripple to move into the custody market as well.

XRP Price Responds

Despite the Ripple announcement, the XRP price has remained muted as it continues to struggle below $2, which has since turned to resistance. At the time of writing, XRP is still holding at $1.96, despite its almost 10% in the last 24 hours.

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According to data from Coinmarketcap, the XRP daily trading volume has seen a notable decline, dropping approximately 24% in the last day. This suggests a decline in participation from investors, due to the bearish headwinds that continue to blow through the crypto market.

A recovery from here is highly dependent on Bitcoin, which continues to dominate the market and lead the charge.

XRP price chart from TradingView.com
XRP price pushes upward following announcement | Source: XRPUSDT on TradingView.com

Chart from Tradingview.com



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XCN Price’s Month-Long Bearishness Meets Whale Conviction

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Onyxcoin (XCN) has experienced a month-long consolidation with little upward momentum, leaving the price largely stagnant. The altcoin has struggled to make significant gains, but this has not deterred key investors. 

Whale addresses have continued to hold their positions, signaling optimism despite the market’s sluggishness.

Onyxcoin Whales Are Optimistic

Whale addresses, or holders with significant XCN holdings, have shown resilience amid the price decline. Over the past week, even with no growth in the altcoin’s value, these investors have refrained from selling sharply. This ongoing HODLing behavior suggests that they maintain a long-term bullish outlook for Onyxcoin, possibly expecting future gains once market conditions improve.

This conviction among large holders reflects a belief in Onyxcoin’s potential for recovery. Despite a lack of short-term gains, these investors appear focused on holding until the price begins to rise again. Their reluctance to sell even in a stagnant market is a positive indicator of potential upside when the market conditions shift.

Onyxcoin Whale Holdings
Onyxcoin Whale Holdings. Source: Santiment

On the broader scale, technical indicators like the RSI have been showing a bearish trend for over a month, remaining stuck below the neutral line. The RSI’s positioning below 50.0 suggests that selling pressure still outweighs buying momentum, keeping the price suppressed. The indicator’s prolonged decline points to a sustained bearish market environment.

While this presents challenges for Onyxcoin in the short term, it also implies that the bearish momentum could eventually reach a saturation point. If the market shifts and buying pressure increases, XCN may experience a recovery rally, provided other macroeconomic factors align. 

XCN RSI
XCN RSI. Source: TradingView

XCN Price Is Looking To Rise

XCN is currently trading at $0.0089, staying within a narrow range between $0.0100 and $0.0083 for the past week. This consolidation is likely to continue unless market conditions improve. The altcoin’s price action has been largely dictated by the lack of positive market momentum, limiting any immediate breakthroughs.

If the broader crypto market sees improvement, XCN could break through the $0.0100 resistance and begin moving toward the $0.0120 level. This would mark a recovery of a portion of the recent losses, potentially restoring investor confidence and signaling a shift toward a more bullish trend.

XCN Price Analysis.
XCN Price Analysis. Source: TradingView

However, if XCN fails to hold above $0.0083, the altcoin could face a further decline, potentially reaching $0.0070. This would invalidate the bullish outlook and deepen the losses, reinforcing the need for caution among investors awaiting market stabilization.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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XRP Price, Traders Retreat Despite The US ETF Buzz

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XRP has faced a challenging decline over the last 48 hours, falling below the $2.00 support level. 

This drop came at an inopportune time, especially considering the excitement surrounding Teucrium’s launch of the leveraged US XRP ETF. The news had initially sparked optimism, but the recent decline has overshadowed it.

XRP Traders Change Their Stance

In the past 24 hours, the funding rate for XRP switched from positive to negative, indicating a shift in market sentiment. Traders have begun shorting the altcoin, likely in response to the recent price decline. This shift suggests that many traders are preparing for further drops in price, hoping to capitalize on any potential bearish momentum.

The negative funding rate further highlights the growing skepticism among traders about XRP’s short-term price performance. While the ETF launch initially created a buzz, the recent price action has shifted traders’ focus to the downside.

XRP Funding Rate
XRP Funding Rate. Source: Coinglass

The overall macro momentum for XRP is currently weak, as indicated by technical indicators like the ADX. With the ADX reading of 22, just below the threshold of 25, it signals that the current downtrend may be gaining strength. If the ADX crosses the 25 threshold, it would confirm the strengthening downtrend, potentially leading to further declines in XRP’s price.

Given the current technical setup, XRP may struggle to reverse the trend unless key levels of support are reclaimed. The downtrend could persist as traders and investors react to broader market conditions, particularly as XRP faces negative sentiment and increasing selling pressure.

XRP ADX
XRP ADX. Source: TradingView

XRP Price Decline Continues

XRP’s price has dropped nearly 12% in the last 48 hours, trading at $1.88 at the time of writing. The bearish trend has already overshadowed any optimism surrounding the launch of the US XRP ETF by Teucrium. If this sentiment continues, XRP could face further downside pressure.

As the altcoin remains trapped under a declining trend line since early March, a further decline to $1.70 seems likely. This would extend the losses experienced over the past few days and put additional strain on the price of XRP.

XRP Price Analysis
XRP Price Analysis. Source: TradingView

However, if XRP manages to reclaim $2.02 as support, it could signal a reversal of the bearish trend. A successful bounce from this level could push XRP beyond $2.14, invalidating the current bearish outlook and allowing the altcoin to break free from its downtrend.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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