The price of XRP has been climbing steadily this week, with a strong bullish trend visible on the daily charts. Over the past few days, XRP has posted several green candles in a row, showing the rising buying pressure in the market.
XRP often makes sharp moves once momentum kicks in: either upward or downward. Right now, XRP is clearly in an upward trend, and it recently broke through a key resistance area between $2.55 and $2.62. After this breakout, the next big target for XRP is sitting between $2.80 and $3.00.
However, one concern is that XRP is currently in overbought territory on the daily timeframe. This means that while the price is strong, it could face some pullback or slowdown before attempting another big jump.
What’s Next for XRP Price?
If XRP can successfully break and hold above $3 in the coming days, it could quickly surge toward its all-time high range between $3.30 and $3.40. Historically, XRP has shown a tendency to move fast when it gains momentum and this time might not be different.
If the price struggles around $2.90 to $3.00, support is expected to come back in between $2.55 and $2.62, which was previously a strong resistance zone. As long as the price stays above these levels, the overall outlook for XRP remains bullish.
An expert explained that XRP formed a strong support zone around $1.90, creating a triple bottom pattern. This was followed by an inverse head and shoulders pattern, which helped push the price up.
After breaking important resistance levels at $2.33 and $2.32, XRP surged close to $3.00. Right now, the price is pulling back near $2.77, but if this support level holds, the upward trend could continue.
Coinbase officially launched XRP futures contracts on its U.S. Derivatives Exchange on April 21. The XRP futures saw strong performance, with daily trading volume already surpassing 100 million USDC. The strong start shows the increasing demand and interest from both retail and institutional traders.
The futures include two types of contracts, Standard Contracts representing 10,000 XRP, aimed at large institutions and active traders, and retail-oriented “nano” contracts representing 500 XRP each, or approximately $1,000 as of April 21, for retail traders and smaller institutions, as per the filings.
Coinbase expanded its offering adding to its 20+ existing contracts on assets like Bitcoin, Ether, Dogecoin, and Solana. The launch also follows recent additions of CFTC-regulated Cardano and Natural Gas futures.
Major exchanges like Coinbase, Robinhood and CME have been expanding their crypto futures offerings to cater to the rising demands. Coinbase now lists derivatives for over 92 assets globally and around 24 in the US. Derivatives trading on the exchange soared over 10,000% last year. The exchange is also reportedly eyeing Deribit acquisition to expand its presence.
Oregon Files Lawsuit Against Coinbase
Just days before Coinbase launched XRP futures, the Oregon Attorney General filed a lawsuit against the exchange claiming that the 31 tokens including XRP, UNI, LINK, AAVE, and MKR, are unregistered securities sold on Coinbase.
Paul Grewal, Coinbase CLO also condemned Oregon’s Attorney General for filing the lawsuit and warned that this lawsuit could not just harm Coinbase, but the entire crypto industry. He claimed the lawsuit lacked credibility and was motivated by political and financial interests.
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Coinbase officially launched XRP futures contracts on its U.S. Derivatives Exchange on April 21. The XRP futures saw strong performance, with daily trading volume already surpassing 100 million USDC. The strong start shows the increasing demand and interest from both retail and institutional traders. The futures include two types of contracts, Standard Contracts representing 10,000 …
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.
