XRP’s price is showing some positive signs, even though it’s still going through a short-term cool-off. At the time of writing, XRP is trading at $2.31 and is eyeing to break some important resistance levels.
According to the latest analysis, XRP remains in a bullish trend on the daily chart because it continues to form higher lows and higher highs. This kind of price movement is usually seen as a healthy sign in the market.
Meanwhile, the stock market and several other cryptocurrencies have also started to bounce back slightly, which could support XRP’s price in the short term. Adding to this, analysts have noticed the early signs of a bullish divergence on XRP’s 6-hour Relative Strength Index (RSI).
This happens when the price keeps moving lower or stays flat, but the RSI slowly begins to rise, forming higher lows and higher highs. This is often a signal that the market could soon see a short-term recovery or at least a break from its recent downward trend.
Key Support and Resistance Levels to Watch:
However, it’s important to remember that this signal alone doesn’t guarantee a major rally. It might lead to a small upward move or some sideways price action, giving traders and investors a break from the bearish pressure seen recently.
Looking at the bigger picture, XRP still holds a larger bullish trend on the daily time frame, at least for now. In terms of price levels, XRP is facing light resistance around the $2.35 mark, with more resistance expected at $2.44. The strongest resistance area is currently between $2.55 and $2.62. On the other hand, XRP has significant support between $2.10 and $2.15, along with another key support level close to $2.30.
Ethereum (ETH) is down 5% in 24 hours amid a widespread crash across the broader cryptocurrency market. However, the ETH/BTC ratio has dropped to test the 2021 bull market support that catalyzed an over 4,000% rally. As this ratio rises, what does it mean for Ethereum price, and can the largest altcoin reclaim $4,000? Ethereum
A wave of Coinbase lawsuits has followed the exchange after facing a cyberattack and data breach in the previous week. Coinbase, which is among the biggest crypto exchanges in the world has went through severe security breach, resulting in the theft of user data on May 15. Now users have filed multiple lawsuits, increasing the legal difficulties of the platform. Let’s discuss. Coinbase Lawsuits News: 6 Lawsuits Filed in 2 Days The crypto exchange disclosed the data breach news on May 15 after attackers bribed several Coinbase customer support staff to provide access to the users’ data. With that, users’ personal information, including names, addresses, phone numbers, driving licenses, passports, transaction history, email addresses, and even the last digits of their special security numbers, was compromised, resulting in multiple Coinbase lawsuits. The cybercriminal has asked for a reason of $20 million, which the exchange has refused to pay. As a… Read More at Coingape.com
Ethereum price is dips 3% to hit $2,520 on Friday, bullish territory, with strong institutional accumulation signals stregthening key support levels.
BTCS Inc. Arranges Financing to Fund $57.8 Million of Etherereum (ETH) Resereve
Ethereum (ETH) found support amid a tame altcoin market trend on Thursdsy. While the likes of Cardano (ADA) and Solana (SOL) posted 4% losses apiece ETH managed to limit lossses to 3.2% on the day.
Ethereum’s resilient showing is linked to a critical statement from BTCS Inc. announcing a significant $57.8 million financing deal aimed at expanding its Ethereum holdings and validator infrastructure.
Ethereum Price Action, May 16, 2025 | Coingecko
The structure of the agreement includes an initial $7.8 million tranche and room for an additional $50 million, demonstrating institutional-level confidence in Ethereum’s long-term trajectory.
The convertible notes carry a hefty 194% premium at $5.85 per share, which not only reflects optimism but also mitigates short-term dilution unless BTCS stock appreciates considerably. Furthermore, the CEO’s personal commitment of $95,000—and $200,000 from a related trust—adds credibility to the bullish stance on ETH.
Strategically, BTCS is modeling this initiative after MicroStrategy’s Bitcoin playbook, but with a clear Ethereum-specific twist: recurring validator income. Unlike BTC holdings, Ethereum provides staking rewards, and BTCS plans to scale this revenue stream via its Builder+ platform. This means ETH functions not only as a store of value but also as a yield-bearing asset integrated into core operations. If Ethereum continues to rise alongside network demand, BTCS stands to benefit from both capital appreciation and validator-based cash flow.
What’s Next?
Ethereum’s steady price consolidation above $2,500 puts it in a favorable technical position as the market assesses macro and regulatory risks. Should price maintain its hold above this level, supported by fresh institutional inflows like those from BTCS, the path toward reclaiming the $2,700 to $2,800 resistance range remains viable.
More importantly, ETH price withstanding external shocks from the FTX-induced sell-offs, reduced volatility relative to its altcoin peers. If staking demand, validator scaling, and institutional ETH strategies continue to expand, Ethereum may enter a structurally stronger phase, with a long-term target at the $3,000 level.
Ethereum forecast today points to renewed bullish potential as price action consolidates firmly above $2,500, with technical indicators supporting a continuation move toward $2,800.
Despite modest retracement pressure in recent sessions, ETH remains structurally intact, with Bollinger Bands showing a steady upper band expansion, affirming bullish volatility. Friday’s close at $2,549.89—right at the session high. This signals strong intraday recovery and suggests dip buyers are defending the range lows with conviction.
The RSI, currently at 72.33, continues to hover in overbought territory but shows signs of stabilizing, reflecting healthy momentum without excessive froth. The price remains above both the VWAP and mid-band support, signaling control remains with buyers.
Ethereum Price Action, May 16, 2025 | Coingecko
As institutional interest deepens, highlighted by BTCS Inc.’s newly announced $57.8 million Ethereum accumulation strategy, an early rebound remains on the cards.
In the event bulls maintain control above $2,500 and momentum continues to hold above RSI 70, the next logical resistance sits near $2,800. On the flipside, decisive break below the $2450 this level could open the path toward $2,200 in the medium term.
