🚨 Top Crypto Trends Shaping Web3 Today

Author

CoinGape Media
June 20, 2025

📰 News

Federal Reserve Governor Christopher Waller has claimed that interest rate cuts could begin by July, providing optimism for the market.

Interest Rates Cut Could Happen Next Month

In a CNBC interview, Federal Reserve Governor Christopher Waller opined that they are in a position where they could cut interest rates as early as July. He noted that this was his view, and it remains uncertain whether or not the committee would go along with it.

Waller believes that he and his colleagues should move slowly with the Fed rate cuts, but thinks that they should start to ease since inflation is no longer an economic threat. This comes following the Fed’s latest decision to keep interest rates unchanged at the June FOMC meeting. Waller, along with the other Governors, voted unanimously to hold rates steady.

Following the meeting, Fed Chair Jerome Powell’s speech suggested that the committee was still wary of how the Trump tariffs could cause inflation to rise again. However, Waller said he doesn’t expect the tariffs to boost inflation significantly, which is why he is in support of an interest rate cut.

The Fed Governor also warned about a potential crash in the labor market. He believes that the committee needs to act fast to avoid a potential slowdown in the labor market.

The July FOMC meeting will hold between July 29 and 30. Despite Waller’s comments, CME FedWatch data shows there is an 87.6% chance that a Fed rate cut won’t happen following the meeting. Instead, the committee is more likely to hold rates steady.

However, Fed officials are confident that there will be two Fed rate cuts this year, totaling 50 basis points. These rate cuts are likely to come in September and December. US President Donald Trump is also pushing for an interest rates cut. The president called Powell an American disgrace over the rate cut delays and accused the Fed Board of being complicit.

Coinbase has obtained the MiCA license to provide crypto services in the EU, while the COIN stock has rallied following this development.

Coinbase Obtains MiCA License To Operate In EU

In a blog post, the crypto exchange announced that it has secured its MiCA license from the Luxembourg Commission de Surveillance du Secteur Financier (CSSF). This enables the company to offer its crypto services to 450 million users across all 27 EU member states.

This comes just days after an initial report that Coinbase was set to get the EU green light. The top crypto exchange stated that this milestone marks a significant step and enables it to operate under a “unified, regulated crypto environment in one of the largest economic regions in the world.”

With this move, Luxembourg will become the exchange’s European crypto hub, replacing Ireland. The company noted that Luxembourg has always been a key player in Europe’s financial ecosystem. The country is currently developing a regulatory framework for the industry and has already passed four blockchain-related policies through its national legislature.

📊 Markets

XRP price faces a $55 million short squeeze at $2.32 as a bullish double-botom pattern emerges on the four-hour chart.

XRP Price Eyes Short-Term Rally to $2.32

The four-hour price chart shows that XRP could be on the way to making a roughly 7% rally to $2.33. This follows the formation of a double bottom pattern that shows that bulls are actively defending support, and a bounce to the upside may be imminent.

The crucial support in this pattern lies at $2.12, and if XRP price can bounce from this level, the reversal could push it to the target price of $2.32. If Ripple price can get to this target, it will have broken out of a tight consolidation that has been deterring both buyers and sellers. As CoinGape reported, this breakout is imminent as bulls scale back XRP leverage bets.

XRP’s RSI on this lower timeframe is rising with higher lows, which usually indicates that buying pressure is beginning to build around this support level. If this indicator crosses above 50 and continues its ascent, the momentum will flip bullish, making the rally to the $2.32 price more likely to occur.

The other factor supporting this bullish thesis for XRP price is the AO indicator that has turned green, albeit remaining below the zero line. This is a sign that bears could be losing their control over the market as buyers likely frontrun the positive developments in the Ripple vs.SEC lawsuit.

However, XRP whales have been selling Ripple tokens, which could weaken the trend reversal from the $2.12 support level. In this case, Ripple price faces the risk of dropping below $2.

Cardano price has formed a rising broadening wedge chart pattern, pointing to a 30% plunge in the coming weeks.

Cardano Price Eyes a 30% Crash if it Loses Key Support

The weekly timeframe shows that Cardano price peaked at $1.315 in December as the crypto rally accelerated. It then reversed even as Bitcoin surged to a record high.

ADA price has plunged below the 50-week Exponential Moving Average (EMA) as it dropped for six consecutive weeks. At the same time, oscillators like the Commodity Channel Index (CCI) and the Percentage Price Oscillator (PPO) have pointed downwards, confirming the downtrend.

Cardano is slowly forming a giant rising broadening wedge pattern, commonly known as the megaphone. This pattern comprises of two ascending and diverging trendlines.

In this case, the upper side connects the higher highs since January 2023, while the lower side links the lower lows since September 2023. In most cases, an asset often retests the lower side of the channel several times and then blasts upwards.

In this case, a drop below the key support level at $0.516 will confirm the bearish view. This is an important level since it was the lowest swing in February and April, making it a bullish double-bottom pattern.

A drop below that level will signal more downside to the lower side of the rising broadening wedge at $0.40, which is about 30% below the current level. It will then bounce back after dropping to that level, and potentially move to last year’s high of $1.315.

A drop below the lower side of the wedge will invalidate the bullish ADA price forecast. It will also open the possibility of the coin falling to the support at $0.273, the lowest swing on August 5.