XRP ledger activity has dropped sharply in the past two months, increasing the downside prospects for XRP price to drop toward $1.70. Key takeaways: XRP forms an inverted V-shaped correction pattern on the daily chart, risking a 20% drop to $1.70. A bearish divergence from the weekly RSI points to increasing downward momentum. Read more
French authorities detained 79 people in the second such wave of arrests during celebrations following Paris Saint-Germain’s Champions League win, a police chief said on Monday. The PSG thrashed Inter Milan by a record 5-0 in Saturday evening’s final in Munich, flying back to Paris on Sunday for a triumphal parade along the Champs-Élysées, then celebrations in a packed Parc des Princes stadium on the edge of the French capital. The PSG winning the biggest prize in European club football for the first time sparked delirious festivities in France, but was marred by violence. On Sunday, “we saw a resurgence of individuals driven by malicious intent who were not really PSG supporters”, Paris police chief Laurent Nunez told RTL radio. “We arrested 79 people, some of them in the night,” he said, adding that order had been restored before dawn. Some were detained for taking barriers and briefly blocking the ring road around Paris, while others had tried to vandalise businesses or light fireworks on the Champs-Élysée...
Ether led last week’s $286 million of net inflows to crypto ETPs, while Bitcoin investment products saw outflows of $8 million, CoinShares reported. Cryptocurrency investment products maintained their multi-week inflow streak last week despite significant selling pressure stemming from Bitcoin’s drop to $103,000. Global crypto exchange-traded products (ETPs) recorded $286 million of inflows in the week ending May 30, bringing a seven-week run of inflows to $10.9 billion, CoinShares reported on June 2. Despite the inflows, total assets under management (AUM) declined from the all-time high of $187 billion to $177 billion by the weekend amid market volatility triggered by uncertainty over US tariffs, said CoinShares’ head of research, James Butterfill. Read more