The XRP price has what it takes to reclaim its all-time high (ATH) in the coming weeks, with a small chance of a double-digit breakout. According to EGRAG CRYPTO, citing key onchain charts, the XRP price can skyrocket by 1,700% in the next 60 days. The price of the top altcoin has showcased a largely erratic trend thus far this month as macroeconomic trends generally drag down its growth pace. XRP Price and the Historical Breakout Potential As EGRAG CRYPTO noted on X, the top coin repeats the last section or pattern from October 2017, which marked a big breakout for digital currency. The coin rallied for over 63 days, inking as much as 1,772% to record an all-time high of around $3.84. The analyst noted that the XRP price may jump to $27 in the next 63 days if history plays out again. Zooming into the chart, the analyst… Read More at Coingape.com
Stripe, a global leader in payment infrastructure, is entering the stablecoin market amid the sector’s continued growth.
On April 25, CEO Patrick Collison confirmed that the company is actively developing a stablecoin-based product, marking a major milestone after nearly a decade of internal discussions.
Stripe to Launch Stablecoin Product Powered by Bridge Acquisition
Collison revealed that Stripe had long envisioned this project but had only now found the right environment to move forward.
The company has yet to share in-depth details about its moves. However, plans suggest the initial rollout will target businesses outside the United States, the European Union, and the United Kingdom.
We’ve wanted to build this product for around a decade, and it’s now happening. https://t.co/zK9dADvGhG
Stripe’s venture into stablecoins comes shortly after its February $1.1 billion acquisition of Bridge, a company specializing in stablecoin infrastructure. Bridge’s technology is expected to be the foundation for Stripe’s upcoming digital currency initiatives.
The confirmation follows mounting speculation about Stripe’s interest in blockchain technologies. Stripe, which handles transactions across more than 135 currencies and supports billions of dollars in global commerce yearly, sees stablecoins as a natural extension of its services.
Adding a stablecoin product could offer businesses faster, cheaper, and more efficient ways to handle cross-border transactions.
Over 15 Million Businesses Use Stripe’s Payment Solution. Source: X/Token Terminal
The payment giant’s move comes as other major fintech companies are also exploring stablecoins. Major traditional financial institutions like PayPal are already interacting with the sector, highlighting its growing momentum.
Japanese firm Metaplanet saw its stock price surge to three-month highs on Monday after announcing its latest Bitcoin (BTC) acquisition. The company added 1,004 BTC to its treasury, marking its third significant purchase this month.
A week earlier, it had acquired 1,241 BTC, surpassing El Salvador’s reserves. Previously, on May 7, Metaplanet made a comparatively smaller purchase of 555 BTC.
“From July 1, 2024, to September 30, 2024, the Company’s BTC Yield was 41.7%. From October 1, 2024, to December 31, 2024, the Company’s BTC Yield was 309.8%. From January 1, 2025, to March 31, 2025, the company achieved a BTC Yield of 95.6%. Quarter to Date, from April 1, 2025, to May 19, 2025, the Company’s BTC Yield is 47.8%,” the statement read.
The company now holds a total of 7,800 Bitcoin, with an aggregate investment of 105.38 billion yen, or roughly $712.5 million. The average historical purchase price across its Bitcoin holdings stands at 13.5 million yen per BTC, approximately $91,343 per coin.
Meanwhile, following the news, Metaplanet stock, 3350.T, appreciated by 12.6%, according to Yahoo Finance data. At press time, its trading price was 702 yen ($4.8), marking highs last seen on February 13.
Over the past month alone, 3350.T’s value has increased by 101.7%, greatly benefiting from Bitcoin’s latest rally. In fact, since adopting a Bitcoin reserve strategy, the stock prices have increased over 15-fold.
The firm’s financial performance further supports this upward trajectory. In its Q1 FY2025 earnings report, Metaplanet disclosed revenues of $6 million, with 88% derived from Bitcoin options trading.
This highlighted the important role BTC plays in its financial success. As the firm continues integrating Bitcoin into its economic strategy, it is setting a new benchmark for corporate crypto adoption in the region.
Bitcoin’s price rise has stalled just under $120,000, moving sideways as the broader crypto market pivots to altcoins. This stagnation follows a recent rally that lifted BTC close to its all-time high.
However, saturated demand and increasing sell pressure are reducing Bitcoin’s momentum, raising concerns of a potential reversal.
Bitcoin Investors Beginning Profit Taking
Realized profits for Bitcoin have surged to a 7-month high, signaling growing selling activity among investors. The spike indicates that holders are securing gains rather than betting on further upside. This behavior often emerges when investors lose confidence in continued bullish momentum, which appears to be happening now.
As profit-taking intensifies, investor sentiment has started shifting away from Bitcoin. This could limit the upside potential in the near term. When large numbers of investors exit at once, it typically places downward pressure on the price, reinforcing the likelihood of consolidation or a correction.
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Velocity, another key indicator, is also spiking and currently sits at a 4-month high. This metric tracks the rate at which Bitcoin changes hands within the network. Higher velocity usually accompanies increased trading activity, reflecting investor attempts to capitalize on short-term movements.
This uptick in velocity shows that Bitcoin demand is still present, but it’s driven by quick trades rather than long-term accumulation. The conflicting signals of profit-taking and rising demand are keeping Bitcoin from making a sharp move in either direction. This tug-of-war is contributing to the ongoing price stagnation.
BTC Price Could Escape Consolidation, But For The Worse
At the time of writing, Bitcoin is priced at $119,366. The crypto giant is struggling to break past the $120,000 resistance level. Its fading dominance suggests capital is shifting to altcoins, decreasing the likelihood of a breakout above this barrier in the immediate future.
Bitcoin’s current indicators support a sideways price movement. If the market holds steady, BTC may continue to consolidate between $117,000 and $120,000. This range is likely to remain intact unless significant buying momentum returns.
On the downside, if selling pressure surpasses demand, Bitcoin could fall below $115,000. A stronger correction could push the price toward $110,000, invalidating the current bullish narrative and reinforcing concerns about near-term weakness.
