Zcash’s New Safety Check and XRP’s Struggle to Rise

Shielded Labs, the Zcash Foundation and the Zcash Open Development Lab have teamed up to add a new privacy pool that uses corrected code. Once the upgrade goes live, any Zcash user can run software that sums up all pool balances and prove that the total supply of ZEC is correct. The plan also checks whether anyone ever took advantage of a bug that stayed hidden for four years. Shielded Labs believes the bug was unlikely to be exploited because it slipped past everyone for so long. Investor Chamath Palihapitiya praised the move in his newsletter, saying it lets node operators confirm a clean supply without having to trust developers alone. The team has not set a firm launch date, warning that building, testing and synchronizing the update across the network could take longer than expected.

Even after a brief rebound, ZEC is still about 22 % lower for the week. XRP has fallen to $1. 10 lows last week and is now trying to climb back up. Between June 3 and 5 the price formed a hammer and doji pattern around $1. 15, while the RSI jumped from an extreme oversold 18 to 32. 42 – the fastest rise seen on this chart. All major exponential moving averages (EMAs) still sit above the price, with the 20‑EMA at $1. 2508, the 50‑EMA at $1. 3255, the 100‑EMA at $1. 4123 and the 200‑EMA at $1. 6175, acting as resistance levels. A steep descending trendline that began at the $3. 60 peak in August 2025 still blocks any attempt to recover. To move higher, XRP would need to stay above $1. 15 and break the trendline at $1. 2508, then $1. 3255. If it falls below the $1. 08 stop‑loss, a new test of $1. 00 and even $0. 90 could follow.

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