The XRP price is currently facing immense selling pressure, which has dragged the levels below $2.2 during the early trading hours. The token broke the key support levels and validated a continuation of a bearish pattern with the volume soaring above $2 billion, which suggests the traders could have jumped in to exit their positions. But what compelled them to do so?
Ripple’s XRP price has been influenced by multiple factors related to fundamentals and technical factors. The platform recently integrated with traditional finance rather than replacing it fully. On the other hand, Ripple took a different course and unlocked 1B XRP from the escrow amid the ETF buzz.
Unlocking a billion XRP adds a near-term supply risk, but the real impact hinges on whether it enters the open market. Hence, the XRP unlock cycle is sending mixed signals as Ripple broke their routine with a massive internal shuffle and locked most tokens back into an escrow account. So what’s next? How will the XRP price reach $5 as predicted?
The XRP price tested the upper resistance of a textbook weekly symmetrical triangle after months of consolidation. The token is trading within a bullish continuation setup and nearing a breakout zone. As the XRP price remains within an extended bear market accumulation from the 2022 lows to the last weeks of 2024. Therefore, once the price breaches the resistance of the pennant, the token may rise by nearly 500%, similar to the pole of the bull flag and rise above $4.5 and may probably reach $5.
Bitcoin (BTC) surged to a local high of $95,400 on Tuesday April 29, as BlackRock’s iShares Bitcoin Trust (IBIT) recorded a historic $1 billion in daily net inflows. This marks the largest single-day inflow since the ETF’s January launch and reflects unprecedented demand from institutional investors.
Bitcoin price action | Coingecko
According to data from Coingecko, BTC’s current market capitalization stands just under $1.9 trillion, with many analysts forecasting a breakout past the $2 trillion mark in Q2 if momentum persists.
Bitcoin price action | Coingecko
The inflow into IBIT signals growing investor confidence in Bitcoin’s long-term role as a macro hedge and alternative asset.
Notably, Geoff Kendrick of Standard Chartered reiterated also his $120,000 BTC forecast by Q2 2025, citing expanding institutional adoption and macroeconomic fragility as key drivers. In the long term, he sees the $140,000 mark as attainable if liquidity conditions improve.
BlackRock’s outsized role in institutional onboarding has helped BTC become a core portfolio component across global asset managers. As fund inflows build, market watchers expect more upward pressure on prices heading into the summer.
BTC institutional demand coincides with weak labor data
The crypto market’s bullish tilt aligns with deteriorating macro indicators that could open the door for a potential Fed rate cut. On April 29, the U.S. Labor Department reported that March job openings fell to 7.2 million—well below the expected 7.5 million. This marks one of the lowest readings since 2021.
United States Job Openings (JOLTs) data, April 29 2025 | Source: TradingEconomics
Simultaneously, the Conference Board’s consumer confidence index dropped for the fifth straight month, hitting its lowest level since January 2021. Historically, such weak US labor data often triggers Fed to intervene with expansionary monetary policies, which tend to favor risk-on assets like Bitcoin.
This pattern could repeat the increased money supply could propel Bitcoin price towards $120,000 as Standard Chartered analyst Geoff Kendrick predicts.
Looking ahead: What’s next for Bitcoin price in Q2 2025
BlackRock’s $1 billion IBIT inflow on Monday may be the clearest signal yet that Bitcoin is maturing into a global institutional asset.
Coupled with weakening U.S. macro data, BTC price could be on the verge a breakout towards the $2 trillion market cap milestone.
With BTC price already trading above $94,000, it needs only a modest 5–6% push to reach the $2 trillion market cap milestone.
Should corporate invest continue pouring capital into Bitcoin ETFs in anticipation of dovish Fed, Bitcoin price is likely to cross the $2 trillion market cap in the coming weeks.
While regulatory risks, and trade policy shocks still remain active, the unusual corporate inflows suggest’s Bitcoin next all-time high breakout could already be underway.
Bitcoin price is consolidating near $94,200 at press time after testing weekly highs at $95,500 following BlackRock’s $1 billion ETF inflow.
Technical indicators on the Bitcoin price forecast shows the upper Bollinger Band at $98,554, acting as short-term resistance.
With BTC price holding well above the midline ($88,979), it reinforces a bullish narrative.
Bitcoin price forecast | Source: TradingView
Beyond that, the Relative Strength Index (RSI) at 65.59 suggests bullish momentum without veering into overbought territory, giving BTC room to push higher. A
decisive close above $95,000 could propel price toward $98,500 in the coming sessions, particularly if institutional inflows persist. Conversely, a break below the midline of the Bollinger Band could open a reversion toward $79,400, the lower band.
Despite political controversies surrounding the Trump Gala Dinner event, the crypto market has recently witnessed a significant accumulation wave of the TRUMP token, a meme coin associated with the Trump family.
These activities reflect strong interest from major investors, often called “whales,” and highlight the TRUMP token’s growth potential amidst a volatile market.
Whales’ accumulation to secure VIP tickets
The accumulation trend for the TRUMP token gained momentum as large investors consistently executed noteworthy transactions.
On April 28, 2025, a whale withdrew 190,987 TRUMP tokens from Binance, increasing its total holdings to 1.389 million tokens, equivalent to $20.59 million. This investor, known by the alias “MeCo,” currently holds the second position among the top holders vying for a spot at the Trump Gala Dinner, trailing only Justin Sun.
On the same day, another whale bolstered its holdings by adding 92,460 TRUMP tokens, belonging to the top 125 holders.
Before that, on April 27, a savvy trader swapped 1.18 million Fartcoins for 78,671 TRUMP tokens. Moving to April 26, a prominent whale reinvested early profits and additional funds, purchasing $5.73 million worth of TRUMP tokens.
These transactions reveal a clear trend: major investors are accumulating TRUMP tokens to secure their spots at the Trump Gala Dinner, an exclusive event reserved for top token holders.
Challenges starting
Despite these activities, TRUMP has shown positive performance signals in the market. According to data from BeInCrypto, the price of TRUMP surged by 84% over the past seven days, outpacing many other cryptocurrencies.
The spot trading volume of TRUMP on Binance also skyrocketed by 202% within nine days. However, despite these positive indicators, the Trump Gala Dinner has sparked intense political controversy.
On April 25, 2025, two US Senators, Adam Schiff and Elizabeth Warren, sent a letter to the U.S. Office of Government Ethics. They called for an investigation into the event because they believed it violated federal ethics regulations.
The Senators expressed concerns that the event could constitute a “pay-to-play” scheme. Investors pay for political access, as Trump promised a private dinner on May 22, 2025, for the top.
Following this announcement, the TRUMP token’s value surged over $100 million. This raised suspicions that the Trump family might leverage their political influence for profit.
Schiff and Warren also questioned whether Trump or his family had received guidance on profiting from digital assets during his tenure. And what safeguards exist to prevent the purchase of political access through TRUMP token investments?
First, Donald Trump launches a memecoin, netting himself billions.
Next, his family gets in on the scheme.
Now his billionaire buddies are getting even richer too.
This controversy has sparked broader questions about the intersection of cryptocurrency and politics, particularly as more public figures engage with the crypto market.
Furthermore, as previously reported by BeInCrypto, there is speculation that Trump might use the Trump Gala Dinner to promote a new NFT project.
In summary, the accumulation wave of TRUMP tokens to attend the Trump Gala Dinner shows this meme coin’s strong financial appeal due to its social and political significance. Positive price and trading volume data reinforce investor confidence in TRUMP’s growth potential.
However, the political controversies surrounding the event also introduce significant risks. Investors should remain vigilant, closely monitoring market developments and related legal factors.
Cardano daily transactions have reached a peak of 50,000, buoyed by glowing fundamentals, including the prospects of an ADA ETF. ADA price surging from the fallout of positive on-chain metrics, with traders keeping their eyes peeled for a potential price breakout. Daily Transactions Reach 50,000 Driven By ADA ETF Prospects According to an X post from TapTools, daily transactions on Cardano have surged 50,000 from their previous lows. At the start of May, daily transactions were under 30,000, but numbers steadily climbed to set a new monthly high. Cardano transaction volumes are also pulling in impressive numbers, soaring to $684.6 million over the last day. The metrics around the network have seen Cardano price gain nearly 8% since the start of May. JUST IN: Daily Cardano $ADA transactions have climbed from ~30,000 to nearly 50,000 since the start of May. pic.twitter.com/MkDBkizB34 — TapTools (@TapTools) May 27, 2025 In the push… Read More at Coingape.com
