Analysts Highlight 4 Reasons Why ETH Price Could Rebound Strongly in May

An XRP ETF dubbed XRPH11 began trading in Brazil today, making it the first such product in the world. The ETF, issued by Hashdex, is being traded on Brazil’s B3 stock exchange.

Brazil also made history by approving the first Solana ETF last year. XRPH11’s trading volume isn’t public knowledge yet, but it could pave the way for such approvals in the US market.

Brazil’s XRP ETF Goes Live

Hashdex first won approval to trade this XRP ETF in Brazil in February. Although the firm has pursued several crypto ETFs in the US, it recognized Brazil as a potential focus area nearly two years ago.

Today, Hashdex’s efforts are bearing fruit, as B3 announced earlier.

“XRPH11 is part of Hashdex’s line of mono-asset funds, such as the ETFs BITH11, ETHE11 and SOLH11. The focus of these ETFs is sophisticated investors, such as institutional investors who want to build crypto portfolios on B3,” Samir Kerbage, CIO of Hashdex, said in a statement to local media.

XRPH11 will invest at least 95% of its assets in XRP, although it will consist of direct and indirect holdings. So far, it doesn’t seem like any trading data from its first day is publicly available, but Hashdex’s site confirms that XRPH11 is live already.

Nonetheless, Brazil has won a major accomplishment, as the first-ever XRP ETF is trading in its markets. US-based regulators have been signaling their willingness to approve these products, but the applicants are still waiting.

Compared to this drawn-out process, Brazil’s green light in February and market launch in April seem downright speedy.

Last year, Brazilian regulators also approved the world’s first Solana ETF, although it did not have much of an immediate market impact. Hopefully, this situation will not replicate itself in today’s trade data; there are several worrying signs in XRP’s price movements.

If Brazil’s new ETF lands with a thud for XRP as it did for Solana, this might spell further bearishness.

Either way, XRPH11’s trading performance will contain several useful information. The US ETF market could soon face a flood of altcoin products, and these may not stand a chance of capturing Bitcoin’s market dominance.

As of now, Polymarket shows a 74% chance of an XRP ETF approval in the US by the end of this year.

The post World’s First XRP ETF Begins Trading in Brazil appeared first on BeInCrypto.

After its major IPO launch, Circle is now a public company trading under the CRCL ticker. Its initial stock price is $31 per share.

This marks the first-ever major stablecoin company to go public in the US. The company’s USDC is currently the 7th largest cryptocurrency, with a $61.4 billion market cap.

Stablecoin Enters Wall Street

Circle’s effort to launch an IPO has been a hotly anticipated development in the crypto industry. Just yesterday, the firm substantially increased its target goals, raising the per-share price and offering 8 million additional shares.

Today, Circle’s listing on the NYSE makes it a public company, signaling a new era and the end of its IPO.

I am incredibly proud and thrilled to share that @circle is now a public company listed on the New York Stock Exchange under $CRCL!

12 years ago we set out to build a company that could help remake the global economic system by re-imagining and re-building it from the ground up… pic.twitter.com/okcH0ys6Tc

— Jeremy Allaire – jda.eth / jdallaire.sol (@jerallaire) June 5, 2025

In addition to showing his gratitude, Allaire commented on a few ways that going public could transform Circle.

He claimed that the firm was founded on the premise of remaking the global economic system in a digitally native fashion and always anticipated this project taking decades. After 12 years, going public is a sign that the mission is making real progress.

Although Circle is not the largest stablecoin issuer, it’s been making impressive progress in the last few weeks. Its trading volume recently hit an all-time high, and cross-chain bridging transactions also broke records this week.

Circle aimed to raise over $1 billion with its IPO, and going public today signals its rapid success at achieving this task.

Still, becoming a public company won’t necessarily change Circle’s day-to-day operations yet. Allaire didn’t mention any changes in the firm’s leadership or commit to any bold new initiatives.

He spoke of continuing to transform the global economic system but emphasized that this is a long-term vision.

A few possible options for Circle might be using its new resources to substantially upgrade its technological infrastructure or compete for Tether’s share of the stablecoin market.

With Circle’s success in going public, the crypto industry might have a rising major player on its hands.

The post Circle Becomes the First Stablecoin Issuer to Go Live on the NYSE appeared first on BeInCrypto.

XRP is under pressure, down nearly 6% in the past 24 hours and teetering just above the $2 mark as bearish momentum builds. A $1.02 billion unlock from Ripple’s escrow has sparked fresh concerns about oversupply, with tokens moved to operational wallets possibly poised for distribution.

At the same time, network activity has collapsed 87% since mid-March and technical indicators like DMI and EMA lines suggest growing downside risk. With weakening trend strength and fading demand, XRP may struggle to hold key support levels unless a catalyst revives bullish sentiment.

Ripple Wallet Activity Sparks Fears

Onchain data shows that Ripple has unlocked 500 million XRP—worth around $1.02 billion—from its escrow account.

The tokens were moved from the “Ripple (27)” escrow address to two operational wallets, “Ripple (12)” and “Ripple (13),” potentially positioning them for distribution or sale.

While the escrow account still holds another 500 million XRP, the movement of such a large amount into accessible wallets often raises concerns about increased market supply. If Ripple sells a portion of these tokens, it could create short-term selling pressure on XRP’s price.

From a technical standpoint, XRP’s DMI chart is flashing bearish signals. The ADX, which measures trend strength, has sharply declined to 26.68 from 42.45 just two days ago, suggesting the recent trend is weakening.

Meanwhile, the +DI has dropped to 12.91, down from 22 yesterday—indicating a decline in bullish momentum. At the same time, the -DI has surged to 27.43 from 15.64, pointing to rising bearish pressure.

This shift in directional strength, combined with the large token unlock, suggests XRP may face further downside unless demand quickly absorbs the incoming supply.

XRP Network Activity Collapses 87%

XRP’s network activity surged to record highs in March, with 7-day active addresses reaching an all-time peak of 1.22 million on March 18.

However, that momentum quickly faded, with the number now plummeting to just 158,000—an 87% drop in less than three weeks.

This dramatic reversal suggests that the recent spike in engagement may have been short-lived or event-driven rather than indicative of sustained adoption or growing user demand.

Tracking 7-day active addresses is a key on-chain metric, offering insight into how frequently a token’s network is being used. High activity can signal strong user interest and utility, often aligning with price support or rallies.

On the other hand, sharp declines in active addresses—like what XRP is now experiencing—can signal waning demand, decreasing network usage, and potential selling pressure.

With such a steep drop in activity, XRP’s price may struggle to find an upside unless new catalysts reignite user engagement.

XRP Faces Strong Downtrend, But Eyes Rebound If Key Levels Break

XRP’s EMA structure clearly reflects a strong ongoing downtrend, with short-term moving averages positioned well below the long-term ones and a wide gap between them—signaling persistent bearish momentum.

Unless bulls step in soon, XRP price may be on track to test support around $1.90, a key level that has held in the past.

A break below it could expose the asset to further downside toward $1.77.

However, if XRP manages to reverse the current trend and regain upward momentum, it could climb to challenge resistance at $2.06.

A successful breakout above that level might pave the way for a continued rally toward $2.22.

The post Ripple Unlocks $1 Billion in XRP as Bearish Momentum Builds appeared first on BeInCrypto.