Cryptocurrencies Price Prediction: iExec, Toncoin & Crypto – European Wrap 5 June

FXStreet Team FXStreet

iExec RLC Price Forecast: Flip of key resistance level could trigger 25% gains

iExec RLC (RLC) price is likely to end its struggle surrounding a key level. This development could trigger a quick but impulsive move to the upside and benefit the patient RLC holders.

Toncoin price on the verge of breaking out, could rally 24%

Toncoin (TON) price is currently forming a cup and handle pattern, which is a bullish continuation configuration. On-chain data indicates a surge in TON's influx of new investors, alongside notable whale accumulation, potentially propelling prices to surge by 24%.

Crypto goes up after a rest

Crypto market capitalisation rose by 2.9% in 24 hours to $2.63 trillion. Among the top coins, BNB is up an impressive 11%, and Solana is up 5%. Altcoins have steadily been gaining strength over the last few days of downtime.

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Ripple risks deeper decline toward $1.00

XRP clings to short-term support at $1.10, but persistent selling pressure leaves it vulnerable to a further 10% drop toward $1.00. XRP remains largely defined by a bearish technical structure, with major moving averages and momentum indicators edging lower.

Crypto Today: Bitcoin, Ethereum, XRP slide as capital outflows persist

The cryptocurrency market is experiencing broad-based declines on Tuesday, as Bitcoin retests support at $62,000, Ethereum extends losses toward $1,600, and Ripple remains anchored near the key $1.10 demand zone.

Bitcoin struggles amid renewed US-Iran peace uncertainty

Bitcoin (BTC) trades below $63,000 at the time of writing on Tuesday as conflicting signals from the US and Iran regarding the progress of peace negotiations continue to fuel geopolitical uncertainty.

MiCA regulations could be the next bullish catalyst for crypto – Georg Harer, co-CEO at Bybit EU

The next bullish narrative for crypto could be MiCA regulations, which could drive liquidity from traditional markets, Bybit EU co-CEO Georg Harer says. Improved regulations could provide guardrails to avoid black swan events like Terra Luna and FTX, thereby limiting volatility.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.