XRP is currently trading at $2.12, staying above the important $2.00 support level. It’s up about 3% in the last 24 hours, showing some positive momentum. The coin tested the support zone again but bounced back, which means buyers are still active and willing to step in.
This bounce suggests the market might be starting to recover from the recent downturn. If the buying pressure continues, the market could soon see a relief rally.
According to analyst Egrag Crypto, XRP is currently forming an Ascending Broadening Wedge pattern, suggesting two possible price targets: a decline to $0.65 or a rise to $17. For a bullish breakout, XRP must first close above $3.50. If it reaches the $5 level but fails to sustain above it, this could signal a higher probability of the pattern playing out. A rejection at $5 would likely lead to a retest of the $1.90 level.
A successful breakout above $5, with a follow-through above $6, could drive XRP toward the $17 target within 2-3 weeks. However, the analysis hints at a 70% likelihood of a downside breakout, potentially pushing the price back to $0.65, with only a 30% chance for the bullish scenario. This pattern is not yet fully formed, and key price levels should be monitored closely for confirmation.
Ethereum blockchain will receive the Pectra upgrade on May 7, which could have a bullish impact on its price. Let’s explore three key reasons why the post-Pectra update could propel Ethereum (ETH) price to $2,000 after weeks of struggle.
Three Key Reasons Ethereum Price Will Hit $2,000 After Pectra Upgrade
The Pectra advancement will modernize the Ethereum blockchain, bringing new features to the table. Reducing the layer-2 transaction costs, the update will implement 6 blobs per block. Validators will be able to consolidate 2,048 ETH, and EIP-7702 will bring smart contract functionality to wallets.
The huge update for Ethereum will result in a notable impact on the token’s underlying price. This could be the reason that ends the lackluster performance of Ethereum price. Here are the three reasons why this technological reform could catalyze a bull rally for ETH.
With a crypto market turnaround, Ethereum price has created an evening star pattern near the $1,755 demand zone. Following the trend reversal pattern, ETH began a new V-shaped reversal, creating consecutive green candles, signaling the resurgence of bullish momentum.
This bounce from the 50% Fibonacci level near $1,755 pushed ETH price to revisit the 61.80% Fibonacci level at $1,835. Due to this pivotal recovery, investors expect the possibility of a $1,855 breakout rally for Ethereum.
The MACD’s bullishcrossover signals trend reversal, which is in line with the above outlook. Furthermore, the 4-hour RSI line has bounced off the oversold level, reflecting the buyer strength.
As a result, investors can expect the breakout rally to push Ethereum price to the next key hurdle at $1,949 or roughly $2,000. This level coincides with the 78.60% level.
Ethereum Price Chart
Optimistically, with the new Pectra upgrade amid a broader market recovery, Ethereum could reach the previous swing high near $2,100. Hence, the Ethereum price prediction marks an upside potential of 25% upon breakout.
2. Ethereum On-Chain Data Signals Potential Rally Trend
IntoTheBlock’s Global In/Out of the Money Around Price (GIOM) metric shows the next key hurdle extends from $2,042 to $2,499. Here, roughly 13 million addresses that bought nearly 70 million ETH at an average price of $2,298 are “out of the money”. While the Pectra upgrade-driven Ethereum price jump could hit $2,000, investors should consider booking profits here due to selling pressure from the aforementioned underwater investors.
Intotheblock
Alternatively, the nearly 7 million addresses that purchased 8 million ETH at $1,794 are a good support level that investors should keep an eye on.
3. Growing Confidence of Large Holders
Large Holders’ Netflow for Ethereum spiked by 78.07% from 37.12k to 105.33k between April 29 to May 6. Large Holder Netflow tracks smart money investors that hold 0.1% of ETH’s supply. An uptick in this cohort signals an optimistic outlook and hints at an upcoming price rally for Ethereum. Combined with the optimistic technicals and ITB’s data, the outlook for ETH remains largely hopeful.
Ethereum Large Holders Netflow
Conclusion
The recent price surge aligns with the upcoming network upgrade which is a few hours away. The crypto market is anticipating a cheaper Layer-2 transaction and a smart contract facility for Ethereum wallets that could boost its price to key psychological levels or higher.
The XRP market faces significant changes as both Ripple and the U.S. Securities and Exchange Commission (SEC) approach the end of their legal dispute. The case has gained prominence among the crypto community during the entire time of SEC Chair Gary Gensler’s enforcement period. The XRP price is trending upward, currently hovering above $2.45, with a 5% surge over the past week. Let’s Uncover these top 4 XRP rivals, including ADA, DOGE, and SOL, that could see a 10x surge
XRP Rivals: Cardano (ADA)
Cardano (ADA) price maintains bullish strength because its market price reached $0.7665 after demonstrating a 3% positive change over the last day. The price of ADA has increased 10% throughout the past seven days.
The cryptocurrency holds itself at the $0.76 support point and aims toward the essential $1 price level. The Ripple lawsuit approaches its end while its XRP competitor ADA maintains its upward movement. The ADA market attracts trader attention since its value continues to evolve during this market transition period.
Dogecoin (DOGE)
Dogecoin (DOGE) price surpassed $0.20 marking its last 24 hours with a 10% market increase. The market price of DOGE is $0.2017, and it is currently positioned among the top performers alongside the price of XRP. The Dogecoin Foundation revealed important news as the market experienced a price increase.
The foundation has launched the House of Doge, a new division dedicated to boosting DOGE’s ecosystem. As part of the move, the Official Dogecoin Reserve was introduced, securing 10 million DOGE at market rates.
The foundation aims to position DOGE as a fast, decentralized global payment network. The price rally followed a breakout from a three-month descending trendline, with analysts citing an ascending triangle pattern.
Solana (SOL)
Solana price has seen a notable surge in price, with the current market recovery. At the time of writing, the SOL price hovered at $140, with a strong surge of 15% in the past week, making it among the XRP rivals. The SOL price prediction could hit above the $160 level if the bullish trend continues.
Solana derivatives volume experienced a 1.88% increase until it reached $9.41 billion as recorded by Coinglass. Open interest reached $5.07 billion after an increase of 1.54%. The rising figures demonstrate an increasing level of marketplace activity in the Solana derivatives sector. The two indicators demonstrate an increase in immediate trading conduct.
To sum up, The approaching resolution of Ripple’s legal battle will create a profound effect on XRP alongside its competitors in the market. XRP Rival ADA DOGE and SOL could experience additional value growth when positive resolutions strengthen market conditions.
Bitcoin 2025 just got a shock of controversy, Michael Saylor made waves by calling proof-of-reserves “a bad idea,” as highlighted by analyst Mitchell. The bold remark has reignited debate around transparency and trust in crypto. In a recent interview, Saylor outright rejected the idea of publishing on-chain proof of reserves, a practice seen by many in the crypto space as essential for transparency and trust.
Saylor’s Security Concerns
Saylor argued that current PoR methods weaken security by exposing sensitive data. He likened it to publishing bank account details and insisted AI analysis would reveal dozens of ways such disclosures could compromise long-term safety. Drawing from the FTX and Mt. Gox disasters, Saylor suggested that blindly chasing transparency without secure methods could do more harm than good.
— bitcoin pirate I I ∞/21M (@ob_hodl) May 27, 2025
The crypto community didn’t take his comments lightly. Notably, Bitcoin veteran Whale Panda (Stefan Jespers) called it a “major red flag,” stressing that Bitcoin’s core value lies in its transparency. Critics argue that there are ways to verify holdings securely, without compromising asset safety.
For example, Bitwise uses a “proof of holdings” method for its crypto products, and many crypto exchanges regularly publish audit reports to prove solvency. These examples contradict Saylor’s claim that such actions are inherently risky.
Old Wounds and New Doubts Resurface
The backlash has even reignited old doubts. Some critics pointed to Saylor’s infamous $6 billion loss in 2000 due to an accounting scandal, suggesting a pattern of avoiding transparency. Others are reviving conspiracy theories that MicroStrategy may not hold actual Bitcoin, but instead, paper-based derivatives.
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Bitcoin 2025 just got a shock of controversy, Michael Saylor made waves by calling proof-of-reserves “a bad idea,” as highlighted by analyst Mitchell. The bold remark has reignited debate around transparency and trust in crypto. In a recent interview, Saylor outright rejected the idea of publishing on-chain proof of reserves, a practice seen by many …
I 
I ∞/21M (@ob_hodl)