After the FOMC minutes and the digital asset summit, the option expiry is about to shake the volatility of the market. Triple Witching Day is here! It shakes the volatility of the market if it has remained stagnant for a long time, as it refers to the simultaneous expiration of options and future contracts. Currently, more than $2 billion in Bitcoin and Ethereum options are set to expire, and hence the investors are closely monitoring potential shifts.
Options expiry is the new normal for the crypto space but it does influence the markets to some extent. This time it could be more intensified as the crypto degens have entered and placed bets on either side. The degens are the ones who engage in high-risk and speculative trading or investment strategies. Now that the BTC price has remained still for over a while, it hints towards both the possibility of a breakout and a breakdown.
To act fast, these degens have placed a bet on either side of the current range.
The data from Coinglass suggests the nearly $50 million liquidation leverage is placed on $85,815 and $82,950. Hence, Bitcoin is expected to face a significant price action after hitting either of the levels if the expiration of the options influences the BTC price action. Currently, the price is facing equal bullish and bearish pressure with negligible volume, which suggests the token is experiencing an extreme price squeeze. Therefore, this suggests the BTC price is heading for a massive price action.
Despite the pullback, the BTC price is trading within a rising parallel channel in the short term and has dropped below the average. Meanwhile, the stochastic RSI is heading towards the lower threshold and may soon undergo a bullish rebound. This could help the price to rise above the average as 50-day MA is offering a strong base. Besides, after experiencing a small bearish pressure, which is expected to be overcome in a short while.
In the meantime, both the liquidation levels are pretty distinct, hence the Bitcoin (BTC) price needs to undergo a 3% to 5% upswing or pullback to trigger either of the actions.
Several political reports claim President Trump did not initially intend to put XRP in his Crypto Strategic Reserve. Instead, they suggest that lobbyist Brian Ballard manipulated him into doing so.
Although the President was allegedly furious at these events, this may not change XRP’s position in the Reserve. Ripple’s CEO, Brad Garlinghouse, vocally supports and has made large donations to Trump’s election campaign.
When Trump made a social media post a month into the office, it included SOL, ADA, and XRP in the mix, boosting the notoriety of these assets. Today, Politico made shocking allegations suggesting that this was not his intention.
Specifically, the report alleged that Brian Ballard, a lobbyist who has worked with Trump for years, used underhanded tactics. One of Ballard’s employees repeatedly petitioned Trump to endorse XRP and other altcoins in his post.
Most notably, Ripple Labs is also a Ballard client, which paid the lobbyist $60,000 last year. When the President discovered this, he apparently raged.
Ripple Listed as a Ballard Partners Client. Source: OpenSecrets.
Meanwhile, the US president has now exiled Brian Ballard. The community reacted strongly to these events, suggesting Trump might remove XRP and other altcoins from the Strategic Reserve. However, this may be overstated for a few reasons.
Trump was allegedly angry over being misled, not because he had a specific distaste for XRP. The Reserve announcement occurred shortly before Trump’s Crypto Summit, and David Sacks worried about perceived favoritism. Nonetheless, Ripple has been a good friend to the President.
President Trump exiled a top lobbyist for promoting Ripple’s XRP.
In other words, why would Trump decide to punish XRP for Ballard’s actions? These allegations are indeed shocking, but the market evidently doesn’t expect turmoil for XRP at this time.
To be clear, neither Trump, Ballard, nor Ripple employees have responded to these allegations. Regarding XRP’s place in the Reserve, Trump may simply let bygones be bygones.
It’s important to understand that while the US president signed an executive order to ‘assess the establishment’ of a strategic crypto reserve, no developments have been made yet.
Bitcoin price has been displaying massive volatility since the start of the year. Despite a drop from the ATH close to $109K, the bulls and the whales do not appear to have lost their momentum. As a result, the token has managed to breach above the crucial resistance at $88,500 and almost marked the highs at $94,000. Currently, the token is facing some upward pressure, but the momentum of the bulls does not appear to have faded.
The latest data from Glassnode hints towards the whales soaking up the supply at a pace not seen before 2020. The large buyers have been buying heavily, with the wallet holding more than 10,000 BTC, displaying a large accumulation.
Holders with BTC ranging from 1000 to more than 10,000 BTC have been displaying a near-perfect accumulation. On the other hand, the institutions have also begun to accumulate Bitcoin. The spot ETF inflows hit a record high during the past trading day, with nearly a billion, the biggest since November. After 4 days of consecutive gains, the market participants seem to have become bullish on Bitcoin. Unfortunately, they remain skeptical about the next price action as the market remains split between the longs and the shorts.
The Bitcoin long/short ratio is at around 0.9841, which suggests the traders are hedging heavily. Despite the latest rise in the bullish momentum, the longs record 49.56% of the trade, while shorts are around 50.4%. Hence, raising speculation whether it is a calm before a massive breakout or the token is heading for a reversal.
Bitcoin (BTC) Price Analysis
The short-term price action of BTC is bullish, as the token has been forming constant higher highs and lows. The volatility of the token has risen to some extent due to a notable influx of buying volume. Therefore, the price is expected to maintain a healthy upswing, regardless of the upward pressure.
The stochastic RSI has reached the lower threshold and is preparing to initiate a bullish crossover. Meanwhile, the MACD in the short term shows a drop in the buying pressure while the levels are heading for a bearish crossover. Hence, the price, which has dropped below the rising trend line, may reach the average levels of the channel. However, the price is expected to trigger a rebound and reach the resistance of the channel and rise above $96,000 before the end of the month.
The post Investors Still Skeptical About the BTC Price Rally-—Is This a Calm Before the Storm or a Reversal Incoming? appeared first on Coinpedia Fintech News
Bitcoin price has been displaying massive volatility since the start of the year. Despite a drop from the ATH close to $109K, the bulls and the whales do not appear to have lost their momentum. As a result, the token has managed to breach above the crucial resistance at $88,500 and almost marked the highs …
XRP price could soar to $20 if Ripple’s leadership aligns with Binance’s CZ, who predicts $1M Bitcoin surge soon.
Ripple price set for parabolic rally as Changpeng Zhao says Bitcoin will hit $500,000 – $1 million
Ripple (XRP) bulls gained momentum Tuesday after Binance founder Changpeng Zhao predicted Bitcoin will eventually hit $500,000 to $1 million. Speaking during a recent interview, CZ cited growing institutional interest and US state-level crypto reserve bills as major catalysts.
Ripple (XRP) Price Action, May 7 | Source: Coingecko
XRP consolidates above $2.10, shedding 0.2% in 24 hours, while trading volumes spiked to $4.8 billion. Market analysts believe CZ’s bullish BTC projection may push altcoins like XRP toward new peaks.
Notably, Ripple price is up 292% on the 1-year timeframe, outpacing Bitcoin’s 56% uptick over the same period. With altcoin ETFs under SEC review and the XRP Futures ETF already live on Nasdaq, corporate investors could view XRP as a more profitable asset than BTC.
Market participants now speculate whether Ripple’s founder, Brad Garlinghouse, will respond to CZ’s statement. His endorsement could validate a long-term bullish trajectory for XRP price, especially ahead of SEC’s ETF verdict expected June 17.
If Bitcoin price follows CZ’s projected path, XRP price may repeat previous patterns where it closely-tracked BTC rallies to all time highs in 2021 and 2024 respectively.
XRP’s unique positioning as a bridge currency across cross-border payment platforms may amplify that effect.
What does CZ’s Prediction Mean for XRP Strategic Reserve Prospects?
CZ’s optimistic forecast highlighted two macro drivers: Bitcoin ETFs and state-level legislation for crypto reserves. These tailwinds may also lift XRP.
Ripple’s ecosystem is already gaining exposure via the XRP Futures ETF listed on Nasdaq. With a spot XRP ETF decision expected June 17, institutional investors are now watching closely. If approved, XRP would gain direct access to the same capital pipelines that boosted BTC after spot ETF approvals in January.
The second catalyst—crypto reserve adoption by U.S. states—also puts XRP in the spotlight. Though current laws prioritize BTC, CZ’s earlier March 2 executive order listed XRP among the five key digital assets for reserves.
That early inclusion positions XRP as a possible secondary reserve asset, despite BTC currently dominating the conversation.
The dual bullish catalyst from XRP ETFs approvals and US treasury investments could makes XRP a candidate for synchronized gains if BTC price surges towards $1 million as CZ predicts.
Here’s Ripple Price Prediction if Bitcoin Hits $1 Million According to Changpeng Zhao’s Prediction
Ripple (XRP) is currently trading around $2.10 per coin, with a market capitalization of $124 billion as of May 7. At this level, XRP is up 22.5% month-to-date and riding a wave of institutional optimism.
If Bitcoin reaches $1 million, as CZ projects, XRP could plausibly rally 8x from current levels. This would place XRP near the $20 mark, assuming it maintains relative correlation to BTC’s market momentum.
In 2017 and 2021, XRP tracked Bitcoin’s parabolic surges with a lag. But with ETFs, clearer U.S. regulation, and payment network expansion, this cycle could see a more closely synchronized move.
A $20 XRP would give it a market cap above $1.2 trillion, putting it in competition with Ethereum for second place.
Howver, such a move would depend on ETF approval, continued legislative alignment, and active endorsement from Ripple executives. As the June 17 SEC decision approaches, market attention will shift toward regulatory signals.
XRP Price Forecast Today: Bulls Eye Recovery to $2.33 as Trendline Support Holds
XRP price is trading at $2.12, marginally down 1.49% on the day, but remains structurally bullish despite the recent retracement.
As seen in the XRPUSD daily chart below, XRP price consolidating just above its ascending trendline support, a critical level that has sustained the broader uptrend since late March.
A retest of the $2.08 support level on Wednesday, coinciding with the trendline and 100-day SMA, suggests that bulls are defending this zone with conviction, preventing a deeper breakdown toward $1.90.
XRP Price Forecast Today
The daily chart shows XRP remains wedged between the 50-day SMA at $2.17 and the lower support band, setting the stage for a technical pivot.
While the recent pullback pierced below both the 10-day and 21-day EMAs, the price has not formed a lower low, suggesting the uptrend remains intact.
XRP price forecast today remains bullish if support at $2.08 holds and price breaks above the $2.17 level again, which would likely trigger a short-covering rally toward the $2.33 resistance, the next key supply zone marked by the 200-day moving average.
Conversely, failure to reclaim $2.17 in the coming sessions would shift the near-term risk back to $2.00 and possibly $1.90.
