XRP price traded lower for a second consecutive day, slipping 2.03% to $2.36 on May 17 amid rising legal uncertainty and bearish derivatives flows. US District Judge Analisa Torres’ latest ruling in the SEC vs. Ripple case has sparked fresh doubts about XRP’s institutional clarity, while open interest and trader sentiment reflect decline in investor confidence. Could weak trading volumes trigger further downsizing over the weekend? Judge Torres’ Ruling Casts Doubt on XRP’s Regulatory Future Ripple (XRP) price tumbled to weekly lows around $2.3 on Friday after Judge Analisa Torres rejected a joint motion from Ripple and the SEC that sought clarity on the ban against institutional XRP sales. Ripple (XRP) Price Action, May 17, 2025 | Source: Coingecko The negative market reaction continued on Saturday, as Ripple price traded as low as $2.31 as the decision to uphold the $125 million settlement find now introduces fresh regulatory risks as… Read More at Coingape.com
Shiba Inu (SHIB) has seen a massive spike in daily volume, reaching a total of 224 billion SHIB within 24 hours. This surge has attracted attention due to its connection with a significant rise in whale activity. The increase in large holder inflows and the overall transaction volume suggests a potential shift in market sentiment.
Surge in Shiba Inu Whale Activity
Data from IntoTheBlock shows a notable increase in large-holder inflows, which jumped from 96 billion SHIB on April 13 to 224.34 billion SHIB on April 14. Large holder inflows generally refer to transfers of tokens into wallets that belong to entities holding significant portions of the token’s total supply. A rise in these transactions often indicates accumulation, suggesting that whales may be preparing for a price movement.
This influx of SHIB tokens into large wallets coincided with a 173% surge in large transaction volume. According to the same data, SHIB saw approximately 1.31 trillion SHIB being transacted in large volumes, worth around $15.66 million.
This type of activity is often considered a signal of renewed interest from large investors or whales, who may be positioning themselves ahead of potential price changes. However, the overall trend in SHIB’s price remains uncertain, with the coin experiencing a slight decline in recent hours.
Large Transactions and Market Sentiment
The 173% increase in large transactions indicates that whale traders are actively moving SHIB, which could indicate a shift in market sentiment. These large transactions typically involve trades of $100,000 or more. When such trades increase, it often suggests that investors are rearranging their portfolios, possibly in anticipation of a future rally.
Despite the surge in large transactions, Shiba Inu’s price has not shown consistent growth. As of the latest data, SHIB’s price was down 2.75% in the last 24 hours, trading at approximately $0.00001192.
The fluctuation in SHIB’s price has led to some concern among investors, with many uncertain about the next market direction. The total trading volume has also dropped by 17.73% in the past 24 hours, indicating decreased investor interest following the recent volatility.
Shiba Inu’s Ecosystem and Recent Developments
One factor contributing to SHIB’s price movement is the ongoing developments within its ecosystem. Shiba Inu recently revealed details about its Karma system, which is designed to track user engagement across its network.
The Karma system operates similarly to an experience point (XP) system found in gaming. It allows users to earn Karma points based on their activity within the Shiba Inu ecosystem, contributing to their reputation.
According to Shiba Inu developer Kaal Dhairya, the Karma system is still in its beta phase and will continue to evolve. The introduction of features like this could help increase user interaction within the ecosystem, potentially influencing the demand for SHIB tokens in the long run.
Shiba Inu Price Analysis: Is a Bull Rally Looming?
Despite significant whale activity and ecosystem developments, SHIB’s price has been in a downtrend. It struggled to maintain momentum after rejecting resistance at $0.00001200 and remains under a descending trendline.
The current support level is around $0.00001160, and if SHIB holds at this level, a potential bullish reversal backed by the rising SHIB burn rate could occur.
SHIBUSD price chart (source: TradingView)
However, further downside risk remains possible if the price fails to maintain this support zone. According to the trading view, the next major resistance level for SHIB is $0.00001200, with a potential target of $0.00004 if the price breaks above this resistance.
Japanese giant Metaplanet has entered the list of top five Bitcoin holders, taking its latest holdings to 13350 BTC, with the latest purchase on June 30. Earlier today, the firm purchased an additional 1,005 BTC for an average BTC price of $107,601. Following the development, the stock price has surged 10% today to 1633 JPY,
After a mildly bearish week, the coming weekend is expected to be a turning point for the crypto market. This is if the Trump-Musk feud comes to a halt, which is unlikely given their tenacity to have the final word.
BeInCrypto has identified three altcoins to watch this weekend and the direction in which they will be taking over the next two days.
1Inch Network (1INCH)
1INCH price is expected to rise in the next two days as the protocol undergoes a significant upgrade. The 1IP-78 update will introduce key improvements aimed at boosting the adoption and usage of the 1inch Protocol. This upgrade could be a catalyst for positive price movement in the short term.
Despite being down 6% in the last 24 hours, trading at $0.1982, 1INCH shows signs of recovery. The Ichimoku Cloud indicates persistent bullish momentum, which could help push the price above the crucial support level of $0.2092. This support level will be key in determining the price direction.
If bearish market conditions continue, 1INCH may experience further losses. A drop below $0.2092 could send the altcoin toward $0.1886 or even lower to $0.1793. A decline to these levels would invalidate the bullish outlook and could result in a prolonged downward trend for 1INCH.
Hyperliquid (HYPE)
HYPE has been one of the best-performing tokens this week, with an 8% increase. This strong momentum is expected to continue into the weekend, potentially pushing the price above $36.47. If this trend holds, HYPE could see further upward movement, making it one to watch closely.
The Chaikin Money Flow (CMF) indicator shows that despite some outflows, it remains above the zero line. This suggests that there is still buying pressure in the market, which could drive HYPE closer to its all-time high (ATH) of $42.25. The coin is currently 23.8% away from reaching this level.
If outflows intensify and market sentiment weakens, HYPE could experience a decline. A drop below the support level of $31.26 would signal further weakness, potentially leading to a fall to $27.31. Such a scenario would invalidate the current bullish outlook and shift the market sentiment towards bearish.
Quant (QNT)
QNT has performed well this week, showing strong bullish signals similar to HYPE. The Exponential Moving Averages (EMAs), which recently formed a Golden Cross, continue to expand. This pattern indicates sustained bullish momentum, suggesting that QNT could see further price increases in the near term.
The upward momentum could help QNT bounce off the $110 support level, with a potential rise to $121. If the price breaks above this resistance, it would open the door for a move toward $126. This positive price action indicates that QNT is likely to maintain its bullish trend for now.
However, if the price fails to breach $121, QNT may continue to consolidate under this level. If the $110 support is lost, the altcoin could experience a sharp decline to $101, invalidating the current bullish outlook and signaling a shift toward bearish market conditions.
