Cryptocurrencies Price Prediction: Dexe, Bitcoin & Ripple – Asian Wrap 30 May
|Top Gainers DEXE SPX XAUt: Altcoins tumble after US-China trade deal “stalled”
The broader cryptocurrency market dropped 2.58% on Thursday as the uncertainty resurfaces in the US trade wars. The US Treasury Secretary, Scott Bessent, states the ongoing trade discussions with China are stalled, while the US appeals court temporarily reinstated the tariffs after a separate US court blocked the policy. The Dexe (DEXE) trades at $14.09 at press time after a 13.07% surge on Thursday, creating a bullish engulfing candle. The sudden surge comes amid the ongoing DeXe MemeMania, a meme coin contest that is set to conclude on May 30.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC slips below key support, ETH and XRP show bearish cues
Bitcoin (BTC) trades below $106,000 on Friday after slipping below a crucial support level, increasing the likelihood of a deeper correction. Ethereum (ETH) faces rejection from a key level while Ripple (XRP) closes below its important support zone, both suggesting increasing downside risks in the near term. If BTC continues its correction, it could extend the decline to revisit its psychologically important level of $100,000.
XRP holds steady despite Webus's $300 million offering to launch XRP reserve
Ripple's XRP saw a slight downtick of 0.5% on Thursday after Webus International (WETO) announced plans to launch an XRP reserve through non-equity funding worth up to $300 million. The development follows VivoPower (VVPR) securing a $121 million private offering to launch its XRP treasury strategy. The plan to launch an XRP reserve signals XRP's growing recognition among institutions seeking exposure to digital assets outside of Bitcoin.
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