XRP News Today: XRP Drops 10% Amid Large Transfers, ADA Struggles Below $0.72, BlockDAG Gains 2660%

XRP has experienced a decline, reaching approximately $2.24, while ADA has been hovering around $0.60. This fluctuation has raised questions about the momentum of these cryptocurrencies. XRP's drop is attributed to large transfers, rising liquidations, and falling funding rates, with on-chain data indicating around 26.7 million XRP sent to exchanges just before the decline. This has created concerns about potential selling pressure. Technically, XRP fell below $2.30 and could slide further if it does not hold above $2.11–$2.15. The next key support level is near $1.95. Traders are on edge, awaiting the SEC's court update by June 16, which could potentially influence XRP's price movement.

Meanwhile, ADA has been struggling to push past $0.72, with mixed signals since June 9. The Relative Strength Index (RSI) is close to 32, suggesting it is oversold. Support levels are at $0.67–$0.6575, and if these levels break, the price could slide toward $0.60 or lower. Some analysts warn of a potential dip to $0.50 if pressure builds. Cardano's DeFi activity is down, with Total Value Locked (TVL) dropping over 50% since late 2024, which is a red flag. However, there is still a chance for a turnaround if ADA can push above $0.72, potentially opening the door to $0.74–$0.80. ADA's recent inclusion in a Nasdaq index has brought some attention back, but widening Bollinger Bands suggest more volatility ahead. The Moving Average Convergence Divergence (MACD) remains negative, indicating that ADA needs buyers to step in quickly to avoid further declines.

In contrast, BlockDAG is taking a different approach, focusing on visibility and growth rather than waiting for market shifts. Rumors suggest that BlockDAG is close to securing a significant sponsorship deal in the US, which could include national TV spots, branded gear, and NFT drops. This move would significantly boost BlockDAG's public presence and reach. BlockDAG has already formed sports partnerships with Inter Milan and UFC champ Alex Pereira, and the US sponsorship would further expand its visibility. This strategy is gaining attention, as BlockDAG is not just building its technology but also its public presence. The project has raised $300 million and sold 22.4 billion coins so far, with a planned launch price of $0.05. Early buyers from Batch 1 are already sitting on 2,660% gains. BlockDAG is currently in Batch 29, priced at $0.0276, and is in a rollback phase, priced at $0.0018 until June 20th. The project has over 2 million users mining through its X1 app and has passed a CertiK audit, supporting EVM and running tools like Buyer Battles to boost engagement. BlockDAG's aggressive branding and public partnerships position it as a strong contender in the crypto market, with the potential to outperform XRP and ADA in the coming years.