Crypto Industry News & Market Trends

XRP price analysis: Ripple-linked token steadies near $1.32 after failed breakout

XRP keeps moving in circles around the same range that has controlled price action for months, and the latest failed breakout near $1.36 only reinforced how difficult it has become for buyers to build sustained momentum. The market is still compressing underneath resistance, though the lack of aggressive selling below $1.30 also suggests larger holders are not fully stepping away yet.　　News Background　　• Sentiment across crypto markets weakened during the session, with fear-driven positioning rising to the highest levels in roughly three weeks.　　• On-chain data still showed XRP leaving major exchanges, a pattern some traders interpret as longer-term accumulation rather than active distribution.　　• Analysts also continued highlighting a larger symmetrical triangle structure that has compressed XRP price action since early 2025.　　Price Action Summary　　• XRP traded between $1.3039 and $1.3429 before settling near $1.32 during the May 27 session.　　• The largest volume event came during a failed breakout attempt near $1.36, where more than 62M XRP traded before price reversed lower.　　• Late-session selling pushed XRP briefly below $1.324 before buyers stabilized the move near support into the close.　　Technical Analysis　　• XRP remains stuck inside a tightening consolidation structure between roughly $1.30 and $1.38.　　• Repeated failures near $1.36 continue reinforcing that area as the

05-27Industry

South Korea makes first DEX rug-pull arrests in Solana CATFI case

South Korean prosecutors charge 5 people in a CATFI memecoin rug pull case.About 256 investors lost roughly $650K after the CATFI token crashed.CATFI token surged 1,000x before liquidity was drained and the price collapsed.　　South Korean prosecutors have arrested and charged a group of individuals linked to the Solana-based CATFI memecoin over an alleged decentralised exchange (DEX) rug pull.　　The case marks the countrys first formal criminal action targeting a memecoin scam that unfolded entirely through a decentralised trading environment.　　According to a local news outlet, authorities say the operation affected hundreds of retail investors and generated substantial illicit gains before collapsing after a rapid price spike and liquidity drain.　　How the CATFI memecoin scheme unfolded　　The CATFI token was launched on Solana and traded primarily through decentralised platforms, including Pump.fun.　　Investigators allege that the operators positioned the token as a high-potential memecoin and used aggressive online promotion to attract early buyers.　　A key figure in the promotion reportedly used the alias “Eth Father,” presenting themselves as a credible community leader.　　This identity was used across social channels to build trust and encourage early participation in the token.　　Once liquidity and trading activity increased, prosecutors say the operators engaged in coordinated trading behaviour designed to simulate organic demand.　　This included

05-27Industry

Tennessee Sweepstakes Casino Ban Joined by Prediction Market Manipulation Felony Law

Tech　　Tennessee Sweepstakes Casino Ban Joined by Prediction Market Manipulation Felony Law　　Tennessee Gov. Bill Lee signed two pieces of gambling legislation on Friday, May 22, the final day of his 10-day decision window after the bills were sent to his desk on May 11. SB 2136 bans online sweepstakes casinos operating in the state, while SB 1992 establishes a new Class E felony offense for prediction market manipulation. The legislature had passed both bills on April 23, the final day of its session, following months of negotiations and a conference committee compromise.　　SB 2136 prohibits “online sweepstakes games” that utilize virtual currency systems, allowing participants to exchange currency for cash or cash prizes. The law covers a broad range of casino-style products, including slots, table games, bingo, lottery-style games, video poker, and unlicensed sports wagering. Tennessee Attorney General Jonathan Skrmetti had already issued cease-and-desist letters earlier this year that pushed major operators out of the Tennessee market. The signing now codifies the enforcement reality that the AGs office had imposed through legal pressure.　　SB 1992 creates a specific Class E felony for individuals who intentionally influence the outcome of an event while participating in a prediction market contract tied to that outcome. The

05-27Industry

Intuitive Machines Stock Analysis: 34–37 Range Signals Next Move

LUNR — daily chart with candlesticks, EMA20/EMA50 and volume.Intuitive Machines Stock Daily Trend: Structure and MomentumTrend structure　　Shares printed a wide intraday range and closed at 34.86, below the daily pivot yet above key trend references. The base case remains bullish-with-volatility, with 34–37 as the tactical decision zone. Notably, price holds above the 20-day EMA 31.49, the 50-day EMA 26.98, and the 200-day EMA 18.57, keeping short-, medium-, and long-term uptrends intact.　　Momentum and volatility　　Daily RSI(14) 60.39 signals firm but not stretched momentum. Meanwhile, daily MACD sits at 2.98 vs. signal 2.69 with a histogram of 0.29, showing positive pressure that is cooling. Bollinger Bands put the mid at 30.38 and the upper at 39.70; price remains in the upper half. ATR(14) is 4.84, confirming elevated volatility.　　Pivot map and volume　　The daily pivot stands at 37.24 with R1 43.14 and S1 28.97, offering a clear bounce-or-fade roadmap. Additionally, volume surged to 47.3M on the session as the NASA headline hit, underscoring heightened participation.　　Intraday Technicals for LUNR: 1-Hour and 15-Minute1-Hour view: digestion after the spike　　Price sits below the 1H EMA20 38.21 and 1H EMA50 35.90, while still above the 1H EMA200 30.32. Therefore, near-term pressure persists inside a broader advance. RSI(14) 42.44 is sub-50,

05-27Industry

BREAKING: XRP Ledger Upgrade 3.1.3 Goes Live on Mainnet with Major Node Adoption

As CoinGape reported earlier, Ripple developers released the v3.1.3 upgrade, with the fixCleanup3_1_3 introducing fixes for NFTs, Permissioned Domains, Vaults, and the Lending Protocol.　　The upgrade resolves an issue with expired ‘NFT token offer’ entries remaining on the XRP Ledger. It also ensures Permissioned Domains are not modified by failed transactions and corrects the trust line token limit check when withdrawing vault assets.　　The XRP Ledger upgrade fixes loan accounting information, removes loan overpayments, and adds an additional check for cover matching assets held. Moreover, these changes help protect data integrity, enforce transaction rules, and prevent potential ledger corruption in advanced DeFi and tokenized asset use cases.　　This upgrade aligns with XRP Ledgers (XRPL) roadmap as the network continues to advance in areas such as tokenized real-world assets (RWAs), permissioned DEX features, and post-quantum security preparations.　　XRP Price Slips　　XRP price is currently trading at $1.33, down almost 1% over the past 24 hours. Trading volume has increased by nearly 37% over the last 24 hours amid broader crypto market selloffs.　　CoinShare data revealed institutions are rotating into XRP from Bitcoin and Ethereum. XRP recorded $31.8 million in inflows while crypto funds saw $1.47 billion in outflows. On-chain data signals its better to buy the dip

05-27Industry

Hyperliquid Price Prediction – HYPE Price Estimated to Drop to $48.06 By Jun 01, 2026

Hyperliquid is up 3.30% today against the US DollarHYPE/BTC increased by 4.32% todayHYPE/ETH increased by 3.86% todayHyperliquid is currently trading 28.74% above our prediction on Jun 01, 2026Hyperliquid gained 45.57% in the last month and is up 63.16% since 1 year agoHyperliquid price$ 61.87Hyperliquid prediction$ 48.06SentimentFear & Greed indexKey support levels$ 57.28, $ 55.16, $ 51.59Key resistance levels$ 62.97, $ 66.55, $ 68.67　　HYPE price is expected to drop by -19.79% in the next 5 days according to our Hyperliquid price prediction　　Hyperliquid price today is trading at $ 61.87 after gaining 3.30% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 2.00% in the same time period. HYPE performed well against BTC today and recorded a 4.32% gain against the worlds largest cryptocurrency.　　According to our Hyperliquid price prediction, HYPE is expected to reach a price of $ 48.06 by Jun 01, 2026. This would represent a -19.79% price decrease for HYPE in the next 5 days.　　HYPE Price Prediction Chart　　Buy/Sell Hyperliquid　　What has been going on with Hyperliquid in the last 30 days　　Hyperliquid has been displaying a positive trend recently, as the coin gained 45.57% in the last 30-days. The medium-term trend for

05-27Industry

Crypto ETP Outflows Hit $1.47B as Bitcoin Leads Losses

Bitcoin Crypto　　Crypto ETP Outflows Hit $1.47B as Bitcoin Leads Losses　　Crypto investment products recorded $1.47 billion in outflows last week, extending a second straight week of withdrawals as Bitcoin funds led the decline, according to CoinShares.　　Crypto exchange-traded products (ETPs) extended the prior weeks $1.07 billion in withdrawals, CoinShares reported Tuesday.　　Bitcoin products accounted for roughly $1.3 billion of the outflows, their largest weekly withdrawal of 2026, while Ether funds lost $223 million, the asset manager said.　　Total assets under management in crypto ETPs stood at around $148.7 billion, with Bitcoin funds accounting for 80% with $120.2 billion.　　CoinShares head of research James Butterfill said the selling reflected deepening Iran-related risk-off sentiment despite continued progress on the CLARITY Act.　　Nine assets post inflows above $1 million　　Altcoin ETPs still recorded notable gains despite the broader downturn, with at least nine assets seeing inflows above $1 million, Butterfill said.　　XRP (XRP) led altcoin inflows with $31.8 million, while Solana (SOL) followed with $7.7 million.　　Separately, data from SoSoValue showed Hyperliquid (HYPE) exchange-traded funds (ETFs) recorded $72.3 million in inflows.　　Smaller inflows were also recorded in Sui (SUI) and Chainlink (LINK), at $600,000 and $400,000, respectively. Short Bitcoin products added $10.2 million, aligning with broader risk-off sentiment.　　Total assets under management in crypto

05-27Industry

Australian Dollar: 0.7070 support in focus against USD – Societe Generale

Finance　　Australian Dollar: 0.7070 support in focus against USD – Societe Generale　　Societe Generale analysts highlight that AUD/USD has pulled back toward its 50-day moving average after an interim high near 0.7280. Softer Australia Consumer Price Index (CPI) and weaker employment have reduced odds of further Reserve Bank of Australia (RBA) hikes, leaving support at 0.7070 and resistance around 0.7220–0.7280, with a breach of support risking a deeper decline toward 0.6975 and 0.6850/0.6830.　　Key 50-day average under scrutiny　　“AUD/USD has pulled back toward the 50-DMA after carving out an interim high near 0.7280 in May.”　　“It will be important to observe whether the pair can hold above this moving average. The recent pivot low of 0.7070 is the first support.”　　“A breach of this could trigger a deeper decline toward the next projection at 0.6975 and perhaps even towards the lower limit of a multi-month channel at 0.6850/0.6830.”　　“The recent pivot high of 0.7280 is a near-term hurdle.”　　“Spot mildly offered after below forecast April CPI dims RBA hike prospects. Support 0.7070, resistance 0.7220.”

05-27Industry

NEAR Price Prediction: $3.20 Target Threatened by Extreme Overbought Conditions

Technical Indicators Paint Cautionary Picture　　NEAR Protocol‘s explosive rally to $2.72 has pushed every momentum oscillator into extreme territory. The RSI reading of 84.18 represents the highest overbought level seen in months, while price action 4% above the upper Bollinger Band confirms parabolic conditions. The MACD histogram sitting at zero despite the price surge reveals a critical divergence – momentum isn’t confirming this breakout move.　　The moving average structure shows NEAR trading 79% above its 200-day SMA at $1.52, creating an unsustainable premium that historically precedes sharp corrections. While the EMA 12 at $2.14 demonstrates recent bullish momentum, Blockchain.news analysis of similar overbought scenarios typically results in pullbacks exceeding 20% within days.　　Derivatives Signal Smart Money Caution　　Open interest dropped 16.46% to $153.9 million over the past 24 hours, indicating institutional players are reducing exposure rather than adding positions. The long/short ratio maintains balance at 0.92, contrasting sharply with typical retail FOMO behavior during breakouts. This measured positioning from sophisticated traders suggests distribution activity behind the scenes.　　Spot trading volume of $184.7 million provides adequate liquidity, but the taker buy/sell ratio at 1.006 shows minimal buying conviction. When explosive price moves coincide with balanced order flow, it often signals unsustainable momentum driven by thin liquidity

05-27Industry

XRP Faces Key $1.65 Resistance as Breakout Looms

Tech　　XRP Faces Key $1.65 Resistance as Breakout Looms　　XRP Stuck in Tight Range as $1.65 Resistance Holds the Key to Next Major Move　　According to market analyst CasiTrades, XRP is nearing a key after roughly four months of repeated rejection at the $1.65 resistance level.　　Source: CasiTrades　　Notably, each failed attempt to reclaim this zone has reinforced it as a firm ceiling, with sellers consistently absorbing upside momentum and keeping price locked in a broad consolidation.　　However, the deeper concern is less about the rejection itself and more about duration. Extended trading beneath major resistance often signals fading bullish strength and increases the likelihood of a downside resolution before any sustainable breakout can form.　　In this context, CasiTrades suggests XRP may be edging closer to a , an event that typically clears leveraged positioning before a broader trend reversal can develop.　　On the downside, two macro support levels stand out: $1.10 and $0.87. These zones are widely viewed as liquidity-rich areas where prior demand emerged and where resting buy orders may still be clustered.　　If momentum continues to weaken, price could be drawn toward these levels in what many analysts interpret less as a breakdown and more as a strategic reset of market positioning.　　Is XRPs Cautious Approach Nearing

05-27Industry

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