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Coinpedia
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XRP Price Prediction For May 24
- XRP price has been consolidating in the short term while maintaining a bullish market structure with higher lows and higher highs on the daily chart.
- Current support for XRP is around $2.30 to $2.34, with resistance at the golden pocket area between $2.55 to $2.62.
- Analysts are looking for a potential five-wave upward move in XRP, indicating a short-term rally or the beginning of a larger bullish wave.
- Two scenarios exist: the most bullish scenario targets $2.61 if key support at $2.30 holds, while a slightly deeper pullback is still bullish as long as XRP remains above $2.15.
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Coindoo
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Image Credit: Coindoo
Crypto Expert Cautions on Potential Exhaustion in Meme Coin Rally
- Crypto expert Sherpa shared comparative charts highlighting bullish phases in meme coin rally, with durations ranging from 44 to 73 days across various tokens.
- These rallies showed substantial price appreciation following a predictable pattern in duration and volume surge.
- Sherpa pointed out that POPcat is displaying early signs of a potential double top, indicating a bearish trend reversal.
- While the token has made a lower high and is pulling back, Sherpa suggests the bull cycle might not be over yet, urging traders to monitor the trend closely.
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Newsbtc
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Buy XRP Before It Explodes To $1,000, Market Expert Says
- XRP market expert BarriC suggests buying XRP before it reaches $1,000, citing its current price of $2.39 as a bargain.
- BarriC predicts XRP to surge to $10 first and eventually hit $20, representing a potential seven-fold gain for buyers getting in below $3.
- Despite the optimistic outlook, BarriC warns of a possible 50% drop in XRP's price to $5-$10 after reaching $20, presenting a new buying opportunity.
- Long-term vision for XRP includes it being used by banks for daily money transfers, possibly driving the price to $1,000 within 10 years and reaching a market cap of over $58 trillion.
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TronWeekly
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Image Credit: TronWeekly
XRP’s Real Role Revealed: The Key to Unlocking Trillions in Cross-Border Value
- Ripple's private ledgers offer privacy to banks, but the real global utility requires XRP's public mainnet for cross-chain value movement.
- XRP's liquidity and bridging functions are crucial for enabling large-scale institutional use and interconnectivity between private networks.
- Higher price levels for XRP are necessary to support multi-trillion-dollar transactions across borders without market instability.
- Ripple's approach involves XRP's public mainnet serving as a neutral settlement layer between private silos, emphasizing the cryptocurrency's role as global financial infrastructure.
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Coindoo
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45
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Pi Network Expands Ecosystem and Boosts Security with 2 New Updates
- Pi Network has added five new apps to the Mainnet Ecosystem Interface, including games, e-commerce platforms, and token information tools.
- The introduction of curated apps aims to enhance the ecosystem for developers and users by ensuring quality, functionality, and reliability.
- A new email-based password reset option has been implemented by Pi Network to improve accessibility, user retention, and security for Pioneers.
- These updates highlight Pi Network's commitment to a secure, utility-driven, and inclusive ecosystem to facilitate broader participation and real-world adoption.
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99Bitcoins
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VeChain VET Price In An Uptrend – Structure Remains Bullish
- VeChain VET Price is on an uptrend, making slow but steady progress to the upside.
- Recent developments include interoperability with other chains, allowing VET to be utilized cross-chain.
- Chart analysis indicates a formation of an inverse Head & Shoulders pattern, breaking the neckline, and reaching $0.034 level.
- Market structure remains bullish, with potential next target at $0.043 and emphasis on breaking above MA200 on the 4H timeframe.
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Coindoo
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WalletConnect Expands to Solana, Launches WCT Token with 5M Token Airdrop
- WalletConnect expands to Solana and launches WCT token with 5 million token airdrop.
- The deployment on Solana utilizes Wormhole's Native Token Transfers (NTT) framework, allowing WCT to move natively across Ethereum, Optimism, and Solana.
- A targeted airdrop of 5 million WCT tokens is announced for active Solana users through ecosystem partners like Phantom, Jupiter, Backpack, and Solflare.
- WalletConnect aims to enhance composability and liquidity while preserving token integrity by extending to Solana, known for high throughput and low-cost transactions.
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Coindoo
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Trump’s Memecoin Gala Draws Celebrities, Crypto Moguls and Criticism
- NBA champion Lamar Odom and crypto entrepreneur Justin Sun attended Trump's Memecoin Gala.
- Sun received the 'Trump Golden Tourbillon' watch priced at $100,000 and faced criticism along with Trump for their involvement in crypto.
- Lawmakers criticized Trump for selling access to foreign actors through the gala amid ongoing debates on crypto bills in Congress.
- The event received mixed reactions, with reports of unsatisfactory food, controversies around Sun's investments, and Trump's speech about Middle East deals.
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Coindoo
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Prediction Market Kalshi Adds Solana Support for Faster Crypto Deposits
- Kalshi has added Solana support as the fourth cryptocurrency accepted on the platform.
- Users can now deposit using USDC, Bitcoin (BTC), Solana (SOL), and WLD on the Kalshi prediction market app.
- The partnership with Zero Hash enables Kalshi to facilitate crypto and stablecoin settlement for faster and cheaper funding.
- The integration with Solana aims to appeal to Web3-native users and institutional participants seeking high-speed, low-cost funding in the prediction market landscape.
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TronWeekly
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Solana breaks $180 resistance; bullish trend confirmed, targets $205
- Solana (SOL) is experiencing renewed bullish interest, with its current price standing at $180.34 and a weekly increase of 6.48%.
- SOL breaks $180 resistance and retests $175 support, confirming a bullish trend and strong technical breakout pattern.
- MACD, RSI, and volume trends suggest continued momentum, supporting Solana’s current upward price direction.
- The price target was set at $205, with SOL gaining strength and minor resistance near $190 and $200.
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TronWeekly
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342
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Bitcoin Cash (BCH) Consolidates After Rally, Support at $415 Crucial for Next Move
- Bitcoin Cash (BCH) is consolidating near $431 after reaching a high around $438, facing weakening bullish momentum.
- Support at $415.58 is crucial for BCH; a break below could lead to a drop towards $375.51, while surpassing $438 may push BCH towards $455.
- Indicators like RSI and MACD show signs of indecision, with RSI falling from 66.67 to 60.46 and MACD momentum fading despite a bullish crossover.
- Traders are advised to monitor the $431-$438 range closely as BCH is at a technical crossroads, indicating potential for bullish continuation but also hinting at a pause or pullback.
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TheNewsCrypto
1M
0
Dogecoin Eyes 3-Month High as Analyst Predicts $0.31 Rally Target
- Dogecoin is primed for a continued upward trajectory with a rally to 3-month highs as per analyst Ali Martinez.
- Martinez identifies a bullish pennant breakout for Dogecoin, targeting a $0.31 level using 1.414 Fibonacci extension.
- Multiple market watchers confirm prevailing bullish sentiment towards Dogecoin.
- Dogecoin's recent increase in price is attributed to the surge in Bitcoin, providing it with renewed bullish momentum.
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TheNewsCrypto
1M
45
Hyperliquid (HYPE) Token Soars to New ATH as Open Interest Approaches $12B
- Hyperliquid's token HYPE surged to a new all-time high of $37.44 on May 23 driven by investor interest and derivatives activity.
- The open interest for Hyperliquid approached $12 billion, marking a significant 53% increase to $9.4 billion on May 23.
- HYPE's trading volume increased by 24.65% to $561.2 million over the past 24 hours, with strong liquidity and market activity.
- The key resistance for HYPE lies at the all-time high of $37.44, with support levels at the 9-day and 21-day moving averages.
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TheNewsCrypto
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Black Swan Capitalist Projects $5,000 XRP Investment Could Reach This High
- Versan Aljarrah, co-founder of Black Swan Capitalist, presented a scenario where a $5,000 XRP investment could potentially reach $75,000 with a 15x multiplier.
- The investment of $5,000 at the current price of $2.38 could buy around 2,101 XRP, according to the analysis.
- The most optimistic projection sees XRP reaching $35.70 with a $2 trillion market cap, potentially making it as valuable as top tech companies like Google and Amazon.
- The projections outline various price scenarios for XRP, ranging from conservative estimates to more ambitious targets, with potential outcomes based on XRP’s price performance.
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TronWeekly
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173
Image Credit: TronWeekly
Stellar (XLM) Breaks Falling Channel, Sets Sights on $0.57 Resistance
- Stellar (XLM) is demonstrating strong breakout potential with a recent surge in trading volume despite market fluctuations.
- XLM has broken out of a falling channel, indicating bullish momentum, and is eyeing resistance levels at $0.3788, $0.4746, and $0.5734.
- Stellar remains resilient amidst market volatility, maintaining above crucial support levels and showing signs of an imminent surge in value.
- Analysts suggest that as long as XLM stays above the short-term stop-loss at $0.1587, the bullish outlook remains intact with potential for further gains.
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