XRP News Today: Bitcoin Nears $105K Resistance as Altcoins Face Weekend Volatility

Generated by AI AgentCoin World
Saturday, Jun 7, 2025 2:26 am ET2min read

As the weekend approaches, crypto traders are preparing for potential volatility in the market. Bitcoin, the leading cryptocurrency, is currently trading at $104,575, slightly below the short-term resistance level of $104,891. The price has been supported by the 50-day Simple Moving Average (SMA) at $100,785, and recent price action indicates a slight bullish bias. If Bitcoin manages to close above $105,000, it could signal a push toward $110,000. However, if it closes below $100,785, it could test the 100-day SMA around $92,464. The range between the local high of $115,000 and the local low of $100,000 is $15,000, with a 50% retracement putting resistance at $107,500. A breakout above this level could test the previous high of $115,000 this weekend.

XRP, another major altcoin, is currently trading at $2.16, holding just above the key support level of $2.00. It is sandwiched between the 50-day SMA at $2.26 and the 100-day SMA at $2.24, indicating a tight squeeze that typically precedes a breakout. The price action suggests a descending triangle pattern, with horizontal support at $2.00 and falling highs. If $2.00 breaks, XRP could quickly drop to $1.80 or even $1.60, based on Fibonacci extensions. However, if XRP manages to break above $2.18, it could attempt a move back to $2.40, representing a 10% weekend gain. Bulls need to step up now to prevent a further decline.

Shiba Inu (SHIB) is currently stuck at $0.00001254, with visible rejection from the 20-day SMA at $0.00001378. A series of lower highs and a descending wedge formation hint at weakening momentum. The price is sitting just above major horizontal support. A breakdown below $0.00001200 could trigger a swift 20% drop to $0.00001000. However, SHIB is a notoriously volatile meme coin, so a surprise reversal remains possible if Bitcoin rallies. For now, the lack of strong volume and momentum favors a bearish continuation unless bulls reclaim $0.00001350 quickly.

Chainlink (LINK) is currently trading around $13.73, slightly under the 20-day SMA at $14.91. The recent price action has formed a small base, but

is still under pressure from the 50-day SMA at $14.95. The bearish from the May top at $16.50 points toward a correction zone near $12.50, which also aligns with the lower Fibonacci extension. A daily close above $14.00 could invalidate this move, but unless volume picks up, LINK could drift lower this weekend. If Bitcoin breaks out, expect LINK to bounce first due to its strong correlation with BTC.

Toncoin (TON) is currently at $3.17, moving in a horizontal band between $3.00 and $3.20. It is being compressed by the 20-day SMA at $3.12 and the 50-day SMA at $3.14, while the 200-day SMA looms above at $4.21. This kind of tight range often ends with a large breakout or breakdown. Based on volatility contraction, we could expect a 10% move soon. That means a breakout above $3.20 could send TON to $3.50, while a fall below $3.00 drags it down toward $2.70. Watch this one closely this weekend—it could move fast and hard.

Worldcoin (WLD) has pulled back to $1.08 after peaking near $1.85. The price has dropped nearly 42% in the past few weeks. Now,

sits just below the 20-day SMA at $1.24 and above the 100-day SMA at $0.97. This range sets up a classic test zone. If WLD drops below $1.00, the next visible support is around $0.80, which would represent another 25% decline. On the other hand, reclaiming $1.25 would flip the momentum and invite a short squeeze back to $1.50. Right now, the Heikin Ashi candles still show red momentum, so caution is advised.

All eyes this weekend are on Bitcoin. If BTC breaks $105K–$107K, the rest of the market could follow. But if it slips back below $100K, expect more pain across the altcoin board. Toncoin and SHIB are sitting at decision points. XRP and Chainlink are hanging by technical threads. Worldcoin looks like it’s searching for a bottom. The best trade this weekend? Don’t chase. Watch for confirmed breakouts, especially from Bitcoin. Where BTC leads, altcoins follow—either into the green or into the abyss.