Bitcoin is currently approaching an important resistance level on the daily charts. The largest cryptocurrency by market cap hit a reverse after touching $94,919. If Bitcoin rallies past $95000, altcoins could follow suit. XRP, ADA and Dogecoin are all down by more than 2% at the time of writing.
As for XRP, the altcoin is holding steady in a long-term bullish pattern, with analysts predicting the possibility for one more price surge before a major correction.
Despite positive longer-term signs, the shorter time frame remains unclear. Recent price action lacks strong structure, and while some micro-support exists between $2.16 and $2.26, the momentum remains weak. A drop below $2.11 would invalidate the current short-term bullish wave count and could delay the rally.
According to analyst EGRAG Crypto, XRP price could be looking at a ‘mega monthly candle close.’ The analyst has his eyes set on $27, but the measured move, as revealed by the chart, targets a massive $55 level.
Will Bitcoin Rally in May?
Now, if Bitcoin rallies, XRP and other altcoins might also record some gains. However, the question is ‘will May be a bullish or bearish month? May is known for the saying “Sell in May and go away,” but Bitcoin’s history tells a different story. Over the past 15 years, Bitcoin has ended May with gains 9 times and losses 6 times — that’s about 67% of the time in the green.
May always makes me think of the old nursery rhyme “Sell in May and go away.” So I went digging through Bitcoin’s history to see how May usually plays out… here’s what I found:
Data from Coinglass also shows that, on average, Bitcoin has returned over 7.9% in May over the last 12 years. This suggests May has often been a good month for Bitcoin, though it’s important to remember that past results don’t always predict the future.
Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN). All three have seen a noticeable uptick in large-holder accumulation over the last week, signaling growing interest from big players despite recent volatility.
While ETH and XCN are both coming off sharp corrections, whale buying suggests confidence in a potential rebound. Meanwhile, FET is riding renewed momentum in the AI sector, with whale activity accelerating alongside rising prices.
Ethereum (ETH)
The number of Ethereum crypto whales—wallets holding between 1,000 and 10,000 ETH—has been steadily climbing since April 15. Back then, there were 5,432 such addresses.
That number has now risen to 5,460, the highest count since August 2023. At the same time, the concentration of ETH held by these whales is also hitting new highs, signaling growing accumulation by large holders.
Number of Addresses Holding Between 1,000 and 10,000 ETH. Source: Santiment.
Ethereum price is currently down more than 19% over the last 30 days. If the correction continues, the price could retest support at $1,535. Losing that level might send ETH toward deeper support at $1,412 or even $1,385.
However, if the trend reverses, key resistance zones lie at $1,669 and $1,749—with a potential push toward $1,954 if bullish momentum builds.
In this context, the growing dominance of whales could act as either a stabilizing force or a looming risk, depending on how they respond to market shifts.
Artificial Superintelligence Alliance (FET)
The number of FET whales—wallets holding between 10,000 and 1,000,000 tokens—increased from 572 on April 13 to 586 by April 19.
This steady growth in large holders points to rising confidence among bigger players. It comes at a time when the broader AI crypto narrative is showing signs of a rebound.
Key AI coins like FET, TAO, and RENDER have all increased over 9% in the last seven days, with FET itself gaining more than 8% in the past 24 hours and 13.5% over the week. This suggests a possible comeback for the artificial intelligence narrative in crypto.
Number of Addresses Holding Between 100,000 and 1,000,000 FET. Source: Santiment.
If this momentum continues, FET could push toward resistance at $0.659. A clean breakout from that level could open the door to further gains, with $0.77 and $0.82 as the next potential targets.
On the flip side, if the rally stalls, FET might drop back to test support at $0.54. A breakdown below that could send it as low as $0.44.
With whale activity heating up and the AI sector showing renewed strength, FET’s next move could be a key signal for where the narrative heads next.
Onyxcoin (XCN)
Onyxcoin was one of the standout performers in January, but its momentum has faded in recent months. After a strong bounce—up of over 57% in the last 30 days, the token is now correcting, down 19% in the past seven days.
Despite this pullback, accumulation continues. The number of crypto whales holding between 1 million and 10 million XCN has grown from 528 on April 16 to 541, suggesting some large holders may be buying the dip.
Number of Addresses Holding Between 1,000,000 and 10,000,000 XCN. Source: Santiment.
If the correction deepens, XCN could lose support at $0.0165. A drop below that may open the door to further declines toward $0.0139 and $0.0123.
But if the trend flips back upward, the token could first test resistance at $0.020. A strong breakout from there might lead to a move toward $0.027. With whale activity on the rise and volatility returning, XCN’s next move could be decisive.
In a massive development, Ripple allegedly offered to buy USDC issuer Circle, although the deal didn’t fall through as the stablecoin issuer rejected the amount that the crypto firm offered. A potential acquisition would be a huge move for the crypto firm, considering that it already issues the RLUSD stablecoin, which is gaining market share.
Ripple Offered To Buy Circle For $5 Billion
According to a Bloomberg report, Ripple offered to buy Circle for $4 to $5 billion, but the stablecoin issuer rejected the bid because it was too low. The report further revealed that the USDC issuer is more focused on following through with the initial public offering (IPO) it filed earlier this month. Meanwhile, the RLUSD issuer has yet to decide whether to make another offer to Circle.
This development comes just as the Brad Garlinghouse-led company agreed to acquire prime broker Hidden Road for $1.25 billion earlier this month. It is worth mentioning that Ripple already issues the RLUSD stablecoin, which is the 12th largest by market cap. Meanwhile, USDC is the second-largest by market cap.
As such, an acquisition of Circle would undoubtedly have expanded the crypto firm’s dominance in the stablecoin industry. The RLUSD stablecoin recently surpassed the $300 market cap milestone, but is still playing catch-up to other stablecoins.
Interestingly, Circle recently launched its payment services for cross-border transactions. This move puts the firm in competition with Ripple, which already offers payment services centered around cross-border transactions.
Circle has also been making moves to expand its services beyond the US, as the USDC stablecoin issuer secured in-principle approval from Abu Dhabi’s financial regulator to operate a money service business in the region.
Pro-XRP lawyer John Deaton commented on Ripple’s proposal to acquire Circle. In an X post, he questioned if both firms might move to buy or become a bank next. He also questioned how high Brad Garlinghouse will go as part of his vision for the company.
Bitcoin price today has officially broken past the $87,000 mark, marking a bold new chapter in this ongoing bull cycle.
Bitcoin’s $87K mark is reviving its “digital gold” narrative as economic uncertainty grips global markets. With gold hitting new highs above $3,380 and the U.S. dollar facing pressure from expected interest rate cuts, investors are once again turning to alternative stores of value.
After a 20% drop since January, BTC Price has regained strength, aligning more with gold’s movements rather than equities. This shift highlights the appeal of crypto as a hedge against inflation and currency devaluation.
Altcoins like ADA, BNB, XRP, and ETH saw modest gains of up to 1.5%, while Solana (SOL) surged by 5.2% over the week, recovering losses from Thursday.
Crypto Price Today: Major Altcoins See Surge
As Bitcoin leads the charge, altcoins are gaining serious momentum. Binance Coin (BNB) broke through the $600 level after a 3.2% surge, fueled by Binance’s latest token burn worth over $1 billion. Large holders are accumulating during the volatility, and open interest has jumped to $760 million, suggesting strong trader interest.
Solana (SOL) soared over 10%, blasting past the $135 resistance level with solid volume and an ascending price structure. On-chain data highlights strong buying between $129 and $144, confirming the rally’s strength.
XRP has also broken out after months of sideways movement, with bullish indicators pointing toward a target near $2.15. Meanwhile, Cardano’s ADA is holding above $0.63, supported by strong volume and technical signals for further gains.
Together, these moves mark a clear shift in market mood. As Bitcoin resumes its climb, confidence is returning, and altcoins are following closely. The safe-haven appeal of crypto is back on the table, and investors are once again paying attention.
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Bitcoin price today has officially broken past the $87,000 mark, marking a bold new chapter in this ongoing bull cycle. Bitcoin’s $87K mark is reviving its “digital gold” narrative as economic uncertainty grips global markets. With gold hitting new highs above $3,380 and the U.S. dollar facing pressure from expected interest rate cuts, investors are …
