XRP News Today: XRP Drops 15% Amid Market Correction and Whale Activity Cardano Struggles at $0.69 as DeFi Activity Drops 50% BlockDAG Aims for Mainstream with US Sponsorship Deal

XRP has experienced a significant decline, falling to approximately $2.24. This drop is part of a broader market correction that began on June 9. Analysts attribute this decline to a combination of factors, including whale movements, liquidation events, and funding rate pressure. Around 26.7 million XRP was reportedly transferred to exchanges just days before the price drop, raising concerns among investors. Technical indicators suggest that XRP has broken below the $2.30 support level, with a risk of further decline if it fails to hold the $2.11–$2.15 range. Some models even indicate that $1.95 could be the next support level if the downward pressure continues.

Despite the current volatility, the upcoming SEC court update scheduled for June 16 is a critical event that could significantly impact XRP's trajectory. Any regulatory clarity from the SEC could shift market sentiment and potentially reverse the current downward trend. Until then, uncertainty remains high, and traders are advised to exercise caution. The XRP price crash serves as a reminder of the short-term risks involved in trading, especially with the Relative Strength Index (RSI) nearing oversold territory and volatility on the rise. If XRP can quickly reclaim the $2.30 level, it may turn things around, but for now, all eyes are on the SEC and the potential for further declines or a quick recovery.

Cardano (ADA) is also facing challenges, with its price hovering around $0.69. The latest analysis shows that ADA is struggling to break past the $0.72 resistance zone, and price action since June 9 has been choppy. Indicators point toward weakness, with the RSI near 32, signaling oversold territory. Key supports around $0.67–$0.6575 are being tested, and if ADA fails to hold these levels, there is a risk of further decline toward $0.60, and potentially even $0.50 if the sell-off deepens. On-chain data also reveals a dip in DeFi activity, with Cardano’s Total Value Locked (TVL) dropping more than 50% since late 2024.

However, there is still hope for bulls. A reversal above $0.72 could open the path to $0.74–$0.80, especially with some support from its recent Nasdaq index listing. The Cardano price analysis also highlights widening Bollinger Bands, suggesting high volatility ahead. The Moving Average Convergence Divergence (MACD) remains bearish, so ADA needs strong buying pressure soon to regain momentum. If it can reclaim the moving averages and hold above support, there is room for a short-term rally. Failure to do so could see traders rotating to more aggressive plays.

Amidst the volatility in XRP and ADA, BlockDAG is taking a different approach. The project is rumored to be finalizing a major US-based sponsorship deal, which, if confirmed, could provide national TV exposure, merchandise tie-ins, and even NFTs. This level of mainstream branding is rare for a presale-stage project and signals a clear strategy: to build visibility and adoption proactively. BlockDAG has already established sports links with Inter Milan and UFC star Alex Pereira, and this US deal takes things to the next level. This isn't about hype; it's a positioning play that could put BDAG in front of millions before it even hits a centralized exchange.

The numbers behind BlockDAG’s presale are equally impressive. The project has raised $299.5 million, sold over 22.2 billion BDAG, and is now in Batch 29, priced at $0.0276, heading toward a $0.05 listing. This implies a potential 2,670% return on investment (ROI). With 1.5 million users mining, a CertiK audit, EVM compatibility, and active tools like Buyer Battles, BlockDAG is positioning itself for mainstream relevance. If you’re wondering which crypto will explode before the next bull run, this project is making its case loudly and early.

In summary, the current market uncertainty surrounding XRP and ADA highlights the risks and opportunities in the crypto space. While XRP awaits regulatory updates and ADA tests key support levels, BlockDAG is making bold moves to capture mainstream attention. With its US deal and aggressive visibility strategy, BlockDAG is positioning itself as a strong contender in the discussion around which crypto will explode next. The project's proactive approach and impressive presale numbers suggest that it could become a household name by 2025, potentially outshining both XRP and ADA in the process.