XRP is trading at $1.09, down 3.41% over the past 24 hours, as broader market weakness continues to weigh on the token. Despite the daily decline, the weekly chart is telling a more stable story, with the critical $1.13 support level holding for now and a previously flagged bearish pattern looking increasingly unlikely to confirm.

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Bitcoin is down more than 50% from its all-time high. Miners are shutting off machines. Capital that spent years flowing into crypto is chasing AI stocks instead.

 

Bitcoin price faces back-to-back tests this week, with May PCE coming out on Thursday at 8:30 a.m. EDT and more than $10 billion in Bitcoin options settling on Deribit at 08:00 UTC Friday in the quarterly expiry that closes the second quarter.

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The debate on the future of digital money takes a new turn in the United States. The US Senate has passed a bill blocking CBDCs until 2030, providing a new political advantage to Bitcoin and decentralization advocates.