Shiba Inu (SHIB) price is mimicking historical patterns as two on-chain metrics signal the formation of a local bottom. The Market Value to Realized Value (MVRV) ratio is falling amid a spike in the age consumed. These metrics are flipping bullish after a steep decline in Shiba Inu price in the last seven days, as most meme coins struggle against a bearish market sentiment. Shiba Inu Price Today Amid 8% Crash Shiba Inu price has posted an 8% intraday loss today, May 31, as it fluctuates between a daily low of $0.0000123 and a daily high of $0.0000133. At press time, SHIB trades at $0.0000125 with $289 million in 24-hour trading volumes. Shiba Inu Price Today The declining Shiba Inu price coincides with the recent meme coin crash, as the entire meme token market cap shed $10 billion in value within a week. The sell-side pressure from long liquidations and… Read More at Coingape.com
The crypto market’s been volatile lately and XRP is no exception. Over the weekend, as tensions flared between Iran and Israel, Ripple’s native token dipped below the $2 mark. Trading volume surged over 40% in just 24 hours as worried investors rushed to adjust their positions.
What’s Been Happening With XRP?
XRP had a strong start to the year, climbing near its previous highs back in January. Legal wins against the U.S. SEC and Ripple’s growing partnerships had fueled hopes for a breakout above previous highs. However, the recent selloff triggered by geopolitical tensions knocked the token off its path.
XRP briefly fell to $1.91 before bouncing back, but it’s now facing a tough resistance level around $2.28.
What’s Next For XRP Price?
However, now that XRP and majority of the altcoins have bounced back, altcoin season speculations are back. Popular analyst Dark Defender said that XRP is gearing up for a big move, with the price approaching an important point on the weekly charts.
According to his analysis, XRP is about to break out of a descending triangle pattern, a formation that often signals a big price shift. The token has been holding steady around the $2 mark, it won’t stay there for long. “The Break Is Imminent towards ATH,” the analyst wrote.
Resistance Levels
Support Levels
$2.19
$2.07
$2.22
$1.88
$2.33
XRP is still maintaining a cup pattern, which often hints at an upcoming rally. Additionally, the Ichimoku Clouds, a popular technical indicator, are also showing bullish signs. At the time of writing, XRP price has gained 12 % and is trading at $2.19.
The post XRP Price Jumps 12%, Analyst Dark Defender Flags Danger Zones appeared first on Coinpedia Fintech News
The crypto market’s been volatile lately and XRP is no exception. Over the weekend, as tensions flared between Iran and Israel, Ripple’s native token dipped below the $2 mark. Trading volume surged over 40% in just 24 hours as worried investors rushed to adjust their positions. What’s Been Happening With XRP? XRP had a strong …
Ethereum whales have been aggressively buying the ETH price dips while adding a total of 1.1 million coins within just the past 48 hours. Following President Donald Trump’s signing of the executive order for the US strategic reserve, ETH has seen a 6% drop today amid the broader market correction. However, institutional players could once again charge in leading to trend reversal soon.
Ethereum Whales Are Aggressively Buying the Dips
Crypto analyst Ali Martinez has highlighted a significant development in the Ethereum market, revealing that whales have purchased 1.10 million ETH within the past 48 hours.
Source: Ali Martinez
The sudden accumulation has raised speculation within the community, with Martinez questioning whether the whales have insider knowledge of upcoming market developments. This surge in whale activity could signal confidence in Ethereum’s future prospects or an anticipation of a major event.
A day before, Donald Trump’s DeFi project World Liberty Financial purchased $10 million worth of Ethereum. Overall, they purchased a total of 4,468 Ethereum (ETH) at a price of $2,238 per ETH.
The ETH whale action has surged over the past week, along with an additional purchase of 110,000 ETH. Historical data suggests that significant accumulation by Ethereum whales often precedes periods of price stabilization or upward movement for Ethereum. “As long as Ethereum $ETH stays above $2,200, the odds of a rebound increase,” noted analyst Martinez.
Currently, the ETH price is trading 5.75% down at $2,170 levels with a market cap of $261 billion. The 24-hour liquidations have shot up above $71 million, of which $52.96 million is in long liquidations, despite the executive order for US strategic reserve involving ETH.
Will ETH Price Bounce Back Strongly From Here?
On-chain analytics firm Santiment revealed that Ethereum sentiment has dropped to its lowest levels of the year amid strong underperformance. Despite the bearish mood dominating social media discussions, Santiment suggests this could be a positive indicator for long-term holders.
Source: Santiment
Crypto analyst Titan of Crypto dismissed fears about Ethereum’s decline, emphasizing that the second-largest cryptocurrency remains technically robust.
According to the analyst, Ethereum continues to move within a broadening wedge pattern—a bullish technical setup. Additionally, ETH recently revisited the “Reload Zone” (RLZ), a key price area where professional traders often look to initiate long positions or accumulate more. Also, the below image shows that the RSI is in the support zone and likely to bounce from here.
A recent announcement for the Private Dinner event for the top 220 holders of the TRUMP meme coin stated that if former President Trump does not attend, attendees may receive a limited NFT.
This has sparked speculation about the event’s true purpose. Could it ignite a new market wave?
New NFT Collection Launch at the TRUMP Gala Dinner?
According to official details from the TRUMP meme coin team, the Trump Gala Dinner is an exclusive event for the top 220 holders of the meme coin. It will be held at Trump National Golf Club in Washington on May 22, 2025.
However, organizers have noted they reserve the right to change the date and venue, raising questions about the event’s certainty.
More intriguingly, there’s uncertainty about Trump’s participation. Despite the event bearing his brand, terms state that Trump may not attend. If the dinner is canceled or Trump is absent, eligible TRUMP holders will receive a limited-edition NFT as compensation.
This has fueled speculation that Trump may use the event to launch a new NFT collection, building on his previous NFT ventures.
“President Trump may not be able to attend the TRUMP Gala Dinner. In the event President Trump is unable to attend the TRUMP Gala Dinner, or if the Gala Dinner does take place, then in our sole discretion, it may be rescheduled to another date, or TRUMP Meme holders who are qualified for the Gala Dinner and/or reception will receive a limited edition TRUMP NFT in lieu thereof,” the terms and coditions wrote.
He debuted his Trump Digital Trading Cards in December 2022, marking his entry into the crypto space. The first collection, featuring 45,000 NFTs, quickly gained traction due to Trump’s brand. It raised approximately 648 ETH, roughly $785,000 as per the ETH rate during the sale.
After that, Trump launched Series 2 of the Trump Digital Trading Cards. Trump’s second round of ‘Digital Trading Cards’ sold out quickly. However, not everything went smoothly.
The value of the original Series 1 collection took a significant hit. The rapid release of new collections raised concerns in the community about “value dilution,” diminishing the appeal of earlier NFTs.
According to OpenSea data, the total trading volume for Trump Digital Trading Cards reached 17,167 ETH, equivalent to tens of millions of USD—an impressive figure for an NFT collection.
Trump Digital Trading Cards collection. Source. OpenSea
By April 2025, CryptoSlam data shows the trading volume for Trump Digital Trading Cards dropped to just $2,000, a stark contrast to its peak.
Trump Digital Trading Cards sales volume. Source: CryptoSlam
The Trump Gala Dinner could have implications beyond TRUMP holders, potentially influencing meme coin and NFT markets. If Trump launches a new NFT collection and succeeds, it could reignite interest in celebrity-driven NFT projects.
Conversely, if the event flops or the new NFT fails to gain traction, it may deepen skepticism about the sustainability of meme coin and NFT ventures.
