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#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
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- #Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
Ripple (XRP) chart forming a "hot cup" pattern: major moves coming soon?
Gate News bot news, chart analyst DefendDark stated that as the price movement converges with key trend lines, Fibonacci levels, and the formation of a cup shape, Ripple (XRP) is approaching a critical turning point. This setup indicates that a breakout may occur as the tension within the compressed technical structure increases.
The Exponential Moving Average (EMA) is closely aligned, and the price is being squeezed by a descending resistance trend line.
In addition, the chart also highlights the interaction with the Ichimoku cloud, further emphasizing the narrowing of the range. DefendDark pointed out that "the cup is hot," indicating that a strong directional movement may be on the way.
(Source: Coindoo)
Key Levels to Watch
Support level: $2.0706
Short-term targets: $2.22 and $3.61
The price is currently hovering around the $2.07 support level, with huge upside potential if the trend breaks out of the bullish trend. The chart shows that a "cup handle" pattern is likely to form, and the breakout points may be aligned with the cup handle surface and Fibonacci retracement levels.
The overlap of trend lines, Ichimoku signals, and exponential moving averages creates a high-risk technical tension zone. As DefendDark said, "Be ready to make decisions" - a breakout could trigger a rapid price surge, closely approaching the expected target.