Breakout of the rising channel and potential for the further drop..
Author
Petar Jaćimović
FXCentrum
Petar Jaćimović was born on 8 July 1989 in Jagodina, Serbia.
Ripple (XRP) ticks higher on Wednesday and trades near $1.60, aligning with the broader crypto market’s bullish outlook. The token builds on a strong technical outlook, reinforced by uptrending moving averages and key momentum indicators.
Near Protocol announced a partnership with Ondo to bring tokenized US stocks and ETFs into one confidential account. The launch reflects NEAR Protocol’s focus on privacy as US regulators are making room for on-chain trading and purpose-built crypto market infrastructure.
Bitcoin is moderating on Wednesday, trading near $86,000 as the crypto market broadly consolidates. Ethereum mirrors BTC’s stable outlook, holding above $2,700. Ripple (XRP), meanwhile, edges higher for the sixth consecutive day.
Hyperliquid edges below $97 on Wednesday after hitting a record high of $98.03, following a 3% rise the previous day. DeFiLlama data shows Hyperliquid as the leading DeFi protocol by revenue, excluding stablecoins.
![BTC/USD – Potential for the further drop towards support zone [Video]](https://editorial.fxsstatic.com/images/i/BTC-bullish-animal.png)