Technical Analysis

On June 12, 2026, XRP changed hands at $1.1329, down 0.76% on the week, as market mood slid to its most negative level of 2026. Santiment's weighted sentiment and on-chain signals point to extreme fear, while the weekly XRP/USD chart shows Parabolic SAR staying above price and RSI (14) sitting in an oversold 30.23–34.85 range.

Zcash's ZEC rebounded about 45% from its roughly $299 low on June 5, even as social chatter fell back toward baseline by June 10–12. Santiment data for June 2–12 shows social volume spiking to 434 mentions per 6-hour window near the selloff low, then dropping as price pushed up through $350, $400 and toward $437. A CoinGecko snapshot taken around 17:54 UTC on June 12, 2026 put ZEC at $417.90, up 17.8% over seven days.

A June 12, 2026 report from Galaxy Digital says Bitcoin may still be in the process of forming its cycle low as its drawdown tracks prior bear-market patterns. The firm's base case places a potential bottom between $40,000 and $46,000 sometime before the fourth quarter of 2026, while alternative scenarios range from $30,000–$37,000 on the downside to $51,000–$54,000 if buying remains steady.

Bitcoin (BTC) moved back above $64,000 on June 12, trading near $64,300 and rising about 1.9% over 24 hours. Analysts said the $64,000–$65,000 band remains the key resistance zone, with a break above $65,000 seen as important for a stronger rebound. Several major altcoins also posted gains during the session, alongside improving broader risk sentiment.

Last month, the U.S. Commerce Department signed letters of intent to award just over $2 billion to nine quantum computing firms, including $1B for IBM and $375M for GlobalFoundries. The author argues this accelerates the race toward a cryptographically relevant quantum computer, while post-quantum defenses for Bitcoin and other systems remain slowed by coordination and adoption barriers. NIST timelines cited in the piece deprecate RSA-2048 and ECDSA at 112-bit security in 2030 and disallow them in 2035, raising pressure for industry-wide migration planning.

Japan's Lower House approved a crypto tax proposal to cut the top rate on digital-asset gains from about 55% to a flat 20% and to treat crypto as a financial instrument, with tax changes targeted for 2028 and possible ETF approvals as early as 2027. XRP traded around $1.14 after repeated tests of the $1.15 resistance zone, while traders watched $1.10 support and a potential move toward $1.20 if a daily close clears $1.15. Separately, SBI Holdings has applied to Japan's FSA for ETF products that include a spot Bitcoin-XRP structure and a hybrid Digital Gold-Crypto ETF, targeting up to $32 billion in AUM within three years.

XRP has been hovering around the $1.10 area even as daily futures volume has jumped back above $5 billion, a level last seen when price traded near $1.65. A TD Sequential buy setup on the 3-day chart and support around $1.09–$1.10 are being watched for a possible rebound toward $1.20 and $1.30, while a breakdown below $1.10 could bring another leg lower.

JPMorgan says the macro "debasement trade" that previously pushed billions into Bitcoin and gold is unwinding, with the retreat accelerating for BTC. Bitcoin is trading above $63,000 after falling from an October peak above $126,000, while gold ETFs shed $20 billion in the week through June 5 and US spot bitcoin ETFs logged $2.1 billion of outflows in June. A Sygnum CIO argued the flows may reflect cash-and-carry arbitrage being closed rather than broad capitulation.

On June 12, 2026, Bank of America's head of US equity and quantitative strategy Savita Subramanian said market conditions are showing "too many red flags" that have often come before major S&P 500 peaks. She noted that 70% of the firm's bear-market "signposts" are currently triggered and said such setups have historically foreshadowed a roughly 20% correction. Morgan Stanley CIO Mike Wilson, however, argued a correction could be inevitable yet healthy if the bull market is to extend into year-end.

Bitcoin climbed from $61,100 to above $63,400 on June 11, a roughly 3% move tied to risk-on sentiment after President Trump said the U.S. stepped back from planned Iran strikes and a peace memo could be signed as early as this weekend. The rally came while spot Bitcoin ETFs logged 13 straight sessions of outflows totaling $4.4 billion, with markets also focused on the Federal Reserve's June 16–17 meeting and a 98% probability of a rate hold.