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Bullish chart setups hint at more upside for XRP, with price targets near $2.87 and possibly $3.72 if momentum holds.

Key takeaways:
XRP price jumped around 12% after Ripple named BNY Mellon as custodian for its RLUSD stablecoin.Traders are betting on increased XRP utility as RLUSD adoption potentially shifts from Ethereum to XRPL.Bullish chart patterns suggest XRP could rally toward $2.87 or even $3.72, barring a breakdown below $2.
XRP XRP$2.41 has surged more than 11.75% over the past week, climbing from $2.15 to $2.40 following Ripple’s partnership with America’s oldest bank, BNY Mellon.
BNY Mellon onboarding Ripple boosts XRP utility case
On July 1, Ripple appointed BNY Mellon as the primary custodian of its stablecoin, Ripple USD (RLUSD).
RLUSD has gone live on both Ethereum and the XRP Ledger (XRPL) blockchains, but approximately 87% of its current activity remains concentrated on Ethereum, according to DefiLlama data.

Some analysts, including Crypto Eri, suggest the long-term value for XRP lies in RLUSD’s native presence on XRPL and its potential shift toward Ripple’s ecosystem.

“Ripple (the company) is a long-game player, demanding patience from XRP investors anticipating significant market impact through utility,” she wrote in a Tuesday post on X, adding:
“Its public statements to take steps to integrate smart contracts on the mainnet will eventually position RLUSD on XRPL, as a MORE competitive stablecoin, with faster and cheaper settlements than Ethereum.”
Demand for XRP could rise if XRPL can take stablecoin market share from Ethereum. Traders may have been pricing in such potential, viewing the BNY Mellon deal as a signal of growing institutional support.
XRP breakout targets 20% gains
XRP has broken above the neckline of an inverse head-and-shoulders pattern on the daily chart, a bullish reversal setup.

The breakout level around $2.30 now flips into potential support, while the pattern’s structure points to an upside target near $2.87, or roughly 20% higher from the breakout.
This breakout comes alongside bullish confirmation on the three-day chart, where XRP appears to be exiting a multimonth descending triangle range, as spotted by analyst Mikybull Crypto. He commented:
$XRP FINALLY BREAKING OUT

Descending triangles appearing during an uptrend often lead to a breakdown. But, in some cases, they can serve as bullish continuation structures.
XRP’s persistent climb above the triangle’s upper trendline may turn out to be the latter. In this scenario, the triangle breakout target is around $3.72 in August, up around 55% from current levels.
A correction below the upper trendline may delay or invalidate the bullish continuation structure, pushing XRP’s price down toward the triangle’s lower trendline at $2.

$XRP

Robinhood’s EU tokenized equity launch draws a wave of private company interest and regulatory scrutiny.

Robinhood is seeing a surge of interest from private companies eager to tokenize their shares after the firm launched its stock token platform in the European Union last week.
In a Tuesday interview with Bloomberg News, CEO Vlad Tenev said the company has received a wave of requests from private firms looking to make their equity accessible to retail investors through blockchain-based tokens on their platform.
“Since our announcement, I’ve had a deluge of inquiries, private companies that actually want to access retail to have their shares tokenized and be a part of this revolution,” he said.
Currently only available in the EU, the platform offers over 200 tokenized US equities tradable five days a week. It also included a promotional giveaway of non-tradable tokens representing private companies like OpenAI and SpaceX.

Tenev said Robinhood’s long-term goal is to bring thousands of private companies onto the platform. “We believe [this] is a huge opportunity to resolve one of the biggest inequities in capital markets, which is the fact that you have these massive companies that are staying private longer,” he said.

Robinhood’s tokenized platform faces scrutiny
However, the rollout has drawn scrutiny. The Bank of Lithuania, which regulates Robinhood in the EU, requested clarification on how the tokens are structured. Tenev said the firm welcomes the review.
“They want to make sure that everything is proper because it’s a new innovative offering. We’re confident. We think that these are not only important, but they’ll withstand the highest form of scrutiny,” he said.
The tokens are technically classified as derivatives under the EU’s Markets in Crypto-Assets Regulation (MiCA) and Markets in Financial Instruments Directive (MiFID) regulations. They are backed by underlying assets held by US brokers, with tokens minted or burned as users buy or sell.

Tenev confirmed that the company is in discussions with regulators in the US and UK, but the platform is not yet available in those markets. He said the US Securities and Exchange Commission (SEC) can greenlight tokenization without requiring new legislation.
“The US shouldn’t be far behind. The opportunity is too large to ignore. Not just for retail but also institutional. And I think they’re keen. They’re having tokenization roundtables at the SEC, which we’ve been a part of,” he said.
As reported, Galaxy Digital has said that Robinhood’s tokenization move removes assets from traditional market channels and brings them onchain, directly challenging the concentrated liquidity and activity that give major TradFi exchanges like the NYSE their edge.
Cointelegraph reached out to Robinhood for comment but had not received a response by publication.
Tokenization market remains red-hot
Robinhood’s tokenization move comes as the push toward bringing assets onchain gains traction.
On Tuesday, Nasdaq-listed BioSig Technologies secured up to $1.1 billion in funding from an undisclosed institutional investor to support its plan to tokenize the commodities market. The deal includes $100 million in senior secured convertible debentures and a $1 billion equity line of credit.
In other news, the QCD Money Market Fund (QCDT), a joint initiative by DMZ Finance and QNB, has received approval from the Dubai Financial Services Authority (DFSA), becoming the first tokenized money market fund established in the Dubai International Financial Centre (DIFC).

#BreakoutTradingStrategy

Elon Musk says that his new America Party will support Bitcoin, but does it have a chance in the American political system?

The growing rift between Tesla CEO Elon Musk and US President Donald Trump turned into a gulf on July 5 when Musk announced the independent America Party, supposedly focused on Bitcoin and centrist policies.
The move was catalyzed by Congress passing the Trump administration’s controversial One Big Beautiful Bill Act. According to Musk, the bill flies in the face of the administration’s initial efforts to cut government spending.
The America Party has yet to hold a formative congress or issue a specific platform. Little is known about the party’s stance, beyond Musk’s vague comments of a preference for centrism, deregulation, reduction of government spending and support for Bitcoin BTC$111,016.
But what hopes does the Tesla founder have of breaking the two-party system?
What does Musk’s America Party want, and is it really pro-Bitcoin?
Trump’s “Big Beautiful Bill” introduced several controversial economic shifts. Namely, it raised the federal debt ceiling — the amount of money the government is allowed to borrow — by $5 trillion. It also gave several tax breaks that would primarily benefit the 1%.
The bill proposed to cover the cost of this lost revenue and increased borrowing by slashing social support programs such as the Supplemental Nutrition Assistance Program (SNAP) and Medicaid and increasing tariffs on foreign goods. It also cut back on electric vehicle and renewable energy investment and benefits. 
Related: Bitcoin to benefit from Trump’s ‘Big Beautiful Bill,’ analysts predict
But critics, including Musk, were not convinced. The tech CEO decided it was time to start his own political party. 
Musk’s America Party announcement made waves and even elicited comment from Trump, who said, “I think it’s ridiculous to start a third party [...] it’s always been a two-party system, and I think starting a third party just adds to confusion.”
But there are still scant details about what the party stands for. Insofar as whether the party will support Bitcoin, Musk stated:

Beyond crypto, Musk claims the party will stand for centrist values and reduced government spending. But these claims are just as vague as his promise about Bitcoin.
Musk has reposted suggestions about what the potential party platform could look like from the Tesla fan group Tesla Owners Silicon Valley. The “platform” included the aforementioned goal of reducing debt while simultaneously overhauling the military to be more high-tech and include AI and robots. 
It also suggested deregulating the energy sector, promoting free speech and supporting “pro-natalism,” a political movement focusing on low global birth rates. 
As of publishing time, there is still no official entity or website. Musk has asked followers on X where the first America Party Congress should take place.
Third parties aren’t very successful
While Musk may be a self-identified pioneer in space exploration, he is not the first to think of making a third party in American politics. 
Many third parties have existed throughout American history, from the Populist Party in the late 19th century to the Progressive Party of the early 20th century. There was also an American Party (not to be confused with Musk’s America Party), which saw segregationist George Wallace win five states in the 1968 presidential elections but failed overall.
More recently, American businessman and former presidential candidate Andrew Yang tried to break the political duopoly with his centrist and pro-crypto Forward Party. Yang had floated the idea of using crypto as a way of distributing a universal basic income. 
No party has been able to widen the two-party system, and observers are not optimistic that Musk will be any more successful. 
Collin Anderson, clinical assistant professor of political science at the University at Buffalo College of Arts and Sciences, said, “It would be extremely unlikely for a new major party to form. The structure of the U.S. political system tends towards two major effective parties, and the structure would need to be changed in order to give more parties a real chance.”
Anderson said that one of the major parties would essentially have to collapse for a third party to make any gains — which is not an impossible outcome if Trump leaves politics with no heir-apparent to continue the “Make America Great Again” (MAGA) movement within the Republican Party. 
“Once Trump is out of politics it becomes much more likely that the MAGA/Republican base will fracture. That’s when Musk can make his move,” said Anderson.

Bloomberg Opinion columnist Francis Wilkinson said that Musk’s proposed strategy of focusing on a few vulnerable House and Senate districts could potentially work out in the short term, but “unless you’re changing the structure of American elections [...] and the chemistry and the strategic motivations of both voters and candidates in these districts, you’re not really going to have an impact.”
Even if the America Party is unsuccessful in the long run, Musk has the potential to create major headaches for the Republican Party. Wilkinson said:
“He has the capacity to be a chaos monkey.”
Musk has “enormous fame, and he’s got a microphone whenever he wants one, [and] he has still staggering amounts of money.” 
Politics are bad for Musk’s business, and he isn’t that good at politics
Tesla owners in Silicon Valley may be excited about the prospect of a Musk-led third party, but the CEO’s business partners aren’t. 
James Fishback, CEO of investment firm Azoria, has decided to delay the listing of the Azoria Tesla Convexity ETF following Musk’s announcement, which “creates a conflict with his full-time responsibilities as CEO of Tesla. It diverts his focus and energy away from Tesla’s employees and shareholders.”
“A political party not only fails to complement Tesla’s mission — it actively undermines it,” he said.
Tesla shares also tumbled on the news of Musk’s political ambitions. The stock has already suffered major losses over the last year as Musk became more politically involved and Tesla vehicles became synonymous with support for the Trump administration.

Furthermore, Musk has failed to prove his political efficacy in the past. While a major donor to the Republican Party, his more direct involvement in a Wisconsin Supreme Court race in March 2025 did not go as well.
During the election, the Trump administration used Musk to campaign for its preferred candidate, Brad Schimel. In speeches to the public, Musk wore a cheese hat and called the election “a super big deal.” He gave away $1-million checks to two Wisconsin voters, which raised eyebrows even among some Republican observers, and is now targeted in a lawsuit. 
But none of it worked. In fact, Democratic candidate Susan Crawford won the election by a handy 10%.
Whether Musk wins or loses, Bitcoin will continue to thrive, said Nic Puckrin, crypto analyst, investor and founder of The Coin Bureau. “The only way is down for the US dollar, and Bitcoin prices will always move in the opposite direction.”
Still, if Musk aims to take on the structure of the American political system and the Grand Old Party, he will need more than posts about Bitcoin to carry the America Party to victory. 
#MuskAmericaParty

Bitcoin maintaining its inverse correlation to the US dollar means big wins on the horizon as the dollar strength DXY index trails below key moving averages.

Key points:
The US Dollar Index (DXY) is below its yearly moving average and more than six points below its 200-day equivalent.Bitcoin should stand to benefit from the trend thanks to its traditional inverse correlation to DXY.BTC price action has yet to follow historical precedent on the dollar.
Bitcoin BTC$110,929 stands to benefit from US debt and dollar weakness as the greenback sets a two-decade record. 
New research from onchain analytics platform CryptoQuant on Tuesday reaffirms Bitcoin’s inverse correlation with the US Dollar Index (DXY).
BTC price tailwinds stack up as DXY sags
BTC price strength continues to receive a tailwind from the US dollar, which this month bounced off its lowest levels versus trading-partner currencies since early 2022.
DXY fell to 96.377 on July 1, data from Cointelegraph Markets Pro and TradingView shows — a level not seen in over three years, with the dollar strength yardstick down over 10% year-to-date.
The dubious achievements, however, do not end there; CryptoQuant reveals that versus its 200-day moving average (MA), DXY is circling a zone which it last visited more than 20 years ago.

“While the US debt reaches a new all-time high, the DXY has just hit a historically weak level, currently trading 6.5 points below its 200-day moving average, marking the largest deviation in the past 21 years,” contributor Darkfost summarized in a Quicktake blog post.
“Although this may appear alarming at first glance, it actually tends to benefit risk assets like Bitcoin.”
Bitcoin has regularly demonstrated inverse correlation to DXY over its lifespan, but in recent years, the relationship has become less clear-cut.
Darkfost argued that the trend remains part of a broader risk-asset investment pattern.
“As the dollar weakens and loses its safe-haven appeal, investors reassess their portfolio allocations and shift capital toward alternative asset classes,” he said.
An accompanying chart showed the relationship between BTC price performance and the relationship of DXY to its 365-day MA.
“This chart illustrates that phenomenon by highlighting periods where the DXY trades below its 365-day moving average,” Darkfost said. 
“Looking at historical data, it becomes clear that such periods have been highly favorable to BTC. We are currently in a phase where the weakness of the DXY could fuel a new rise in BTC but the price didn't react yet.”

Dollar makes the case to own Bitcoin
As Cointelegraph reported, US dollar weakness has accelerated thanks to the implementation of US trade tariffs.
For Bitcoin proponents, it is fiat currency in general that is ceding prowess to crypto.
“If the dollar’s very strong, it makes the case to own it,” economist Lyn Alden told Cointelegraph last week on Bitcoin’s “main competition.”
“If total credit in the system and total dollars in the system are going to keep increasing over the next five, seven, ten years, that’s one of the macro factors that makes Bitcoin useful to own.”

#BreakoutTradingStrategy #TrumpTariffs

Bitcoin price roared to a new all-time high above $112,000. Cointelegraph explains why.

Bitcoin soared to another record high, driven by growing global investor demand for risk assets and a $200 million liquidation of BTC shorts near a critical overhead resistance level.
Bitcoin’s BTC$110,960 price surpassed the $112,000 all-time high for the first time on Wednesday, after rising 5.95% during the past week.

Bitcoin’s price appreciation helped the total crypto market capitalization recapture $3.47 trillion, a level last seen in June 2025.
Yet, the crypto market’s value remains below the all-time high of $3.73 trillion recorded in December 2024.

Bitcoin’s new all-time high occurred just days after President Trump announced a fresh round of tariffs of up to 40% against Malaysia, Kazakhstan, South Africa, Myanmar and Laos. Meanwhile, Japan saw its tariff rate lifted to 25% and the new rates go live on Aug. 1.

Bitcoin’s price momentum is benefiting from a reset in “over-leveraged participants” that created a “healthier foundation for continuation,” analysts from Bitfinex exchange told Cointelegraph, adding:
“The convergence between on-chain accumulation and off-chain exchange order flow paints a compelling picture: this rally has been built on solid ground, supported by real capital flows rather than short-lived speculative leverage.”
“To maintain a constructive outlook for the coming weeks, this pattern of spot buyer dominance must persist,” explained the analysts

Bitcoin rally driven by increasing safe haven status: Sygnum Bank research lead
Bitcoin’s uptrend since Trump’s Liberation Day announcement on April 2 is driven by its growing recognition as a safe-haven asset, according to Katalin Tischhauser, the head of research at digital asset banking group Sygnum Bank.
Since April 2, Bitcoin has been “outperforming as well as increasingly decoupling on days when the S&P 500 corrected,” she told Cointelegraph, adding:
“This has been supported by Bitcoin’s increasing status as a safe haven asset in the face of fiat debasement, also confirmed by the first US state signing a Bitcoin reserve bill into law, following the federal Bitcoin reserve established by Executive Order.”
Bitcoin exchange reserves have also been in a steady decline since late April, which is a sign of “long-term confidence” from Bitcoin investors that may lead to a supply shock-driven rally, according to Tischhauser.

Bitcoin reserves across all exchanges fell to 2.99 million BTC on May 21, down from over 3.11 million BTC on March 13, Glassnode data shows

#BTCReclaims110K #DayTradingStrategy

If you want to learn more about technology, performance, advantages, and limitations, you can refer to https://walletconnect.network/. This article will only share personal perspectives on the tokenomics of the project.

Tokenomics of WCT
The tokenomics of WCT is designed to support the development and sustainability of the WalletConnect network. Below are the key details:
Total Supply: 1 billion WCT (fixed).
Token Allocation:Core Development: 7% (dedicated to protocol development and related modules).Rewards: 17.5% (for staking and incentivizing performance).Airdrop: 18.5% (distributed seasonally to users, wallets, applications, and nodes).Team: 18.5% (allocated to the Reown and WalletConnect team).WalletConnect Foundation: 27% (supporting growth, funding, and partnerships).Early Supporters: 11.5% (for early investors and partners).Non-Inflationary: The initial design does not use an inflationary mechanism for token distribution. However, the community may propose inflation in the future through decentralized governance if needed to ensure sustainability.Staking: Users can stake WCT to earn rewards and participate in governance. Token lock-up periods range from 1 week to 2 years, with a 7-day unbonding period. An auto-locking system for staking renewal is also supported.Airdrop: The first airdrop season (Season 1) distributes 50 million WCT, with 30 million for the community, 10 million for independent contributors, and 10 million for strategic partners.Limitations and RisksLack of Transparency in Tokenomics: The project has not yet disclosed detailed token release schedules or initial market capitalization, which may raise concerns for investors.High Price Volatility: WCT experienced significant price drops (42% in 2 days in May 2025), indicating high risk and susceptibility to market manipulation due to low market capitalization.High Competition: WalletConnect competes with other protocols like MetaMask. Negative Market Sentiment: Current technical indicators (as of June 30, 2025) show a bearish market sentiment, with 14/15 technical indicators signaling a sell. This could lead to further short-term price declines.Limited Security Audit Reports: Only one publicly available security audit report exists, which may reduce confidence in the protocol’s safety.No Service Fees Yet: While the network is currently free to use, the introduction of service fees in the future could impact user experience and market adoption.Conclusion and Recommendations
WalletConnect is a robust project with a significant role in the Web3 ecosystem, supported by strong technology and a large user base. WCT holds long-term potential due to its governance, rewards, and staking functions, but it currently faces risks from price volatility, lack of transparency in tokenomics, and negative market sentiment.Recommendations:Long-term Investors: WCT could be considered a potential investment if you believe in the growth of Web3 and WalletConnect’s role in it. However, monitor updates on token release schedules and service fee implementations.Short-term Investors: Given the current market sentiment and downward price trend, exercise caution and wait for key support levels (around $0.17) before entering.Users: Continue leveraging the WalletConnect network to connect wallets and dApps, and participate in airdrop programs (like Season 1) to receive free WCT.Note: The cryptocurrency market is highly volatile, and investing in WCT should be based on personal research, risk tolerance, and long-term financial goals. Always verify information from official sources like the WalletConnect website or project documentation before making investment decisions.If you need a deeper analysis of specific aspects (e.g., technical details, tokenomics, or investment strategies), please let me know!
#WCTLaunchpool #BinanceHype #Web3Revolution #CryptoAirdrop #LearnAndDiscuss