James Wynn is urging cryptocurrency traders to invest in Solana memecoin Moonpig, predicting that the market capitalization will rise by 2,600%. After a week of heavy losses, the high-risk perps trader is targeting a “trade of the century” for the history books. James Wynn Endorses Moonpig, Eyes 2,600% Memecoin Rally High-risk cryptocurrency trader James Wynn is turning his gaze toward memecoins, shilling Moonpig to investors. In an X post, James Wynn described the Solana-based Moonpig as “anti-cabal” and “anti-farm”, urging investors to buy and hold the memecoin. $moonpig is anti-cabal anti-farm. If it wasn’t, it would never have ran to $120mmc completely organically without any paid KOLs. It’s currently chilling at a $37mmc. With $14.6m on chain volume and multiple exchange listings: @HTX_Global @MEXC_Official @LBank_Exchange… — James Wynn (@JamesWynnReal) May 31, 2025 Wynn argues that Moonpig stands apart from its peers with the high-risk trader citing its meteoric growth in… Read More at Coingape.com
Dogecoin (DOGE) price has reclaimed the $0.17 mark after a 6% rally overnight. This positive development is a result of China announcing it is open to negotiating a trade deal with the U.S. in Switzerland this weekend.
Dogecoin is on the verge of catalyzing a breakout from the falling wedge pattern. Additionally, DOGE’s bullish tailwinds, such as rising Dogecoin open interest and short liquidation risks, support the chances of a $0.20 breakout this week.
Dogecoin Price Jump Teases Wedge Breakout Rally
Dogecoin tries to witness a sudden turnaround after creating a 24-hour low near $0.1641. However, with a V-shaped reversal, Dogecoin makes a bullish comeback.
Trapped within a falling wedge pattern in the 4-hour chart, Dogecoin is making a positive turnaround within the pattern. The pattern has been formed over the past two weeks as the DOGE price trend contracts.
The swing lows, starting from April 2022, construct the lower boundary line, and the bullish peaks on April 26 and May 2 generate the resistance trend line.
At present, Dogecoin shows a bullish struggle to overcome the 200 EMA line close to the 61.80% Fibonacci level at $0.1729. With a higher price rejection, Dogecoin struggles to make its fourth consecutive bullish candle.
Nevertheless, the positive cycle has begun within the following wedge pattern, hinting at a potential retest of the overhead ceiling. The sudden recovery has limited the chances of a death cross event between the 50 and 200 EMA lines.
Furthermore, the MACD and signal lines have given a positive crossover, hinting at a trend reversal. The Dogecoin price prediction of the falling wedge breakout anticipates a jump to the $0.20 psychological mark.
Dogecoin Price Chart
Notably, the growing bullish sentiments around Dogecoin could extend the uptrend. The Fibonacci levels paint the next potential price targets at $0.2299 and $0.2673.
U.S.-China Trade Meet and Post-FOMC Clarity Could Pump DOGE Prices
The upcoming US-China meeting on Sunday to renegotiate the trade deals and high tariffs has boosted the sentiment in the US markets. This has fueled the recovery run in top altcoins, fueling the memecoin rally.
If the counterparties can renegotiate the trading terms, a recovery in global and crypto markets is possible. This might pump Dogecoin beyond the $0.20 mark. Furthermore, the broader market anticipates the FOMC meeting on May 7 to keep the federal rates unchanged.
This will likely result in short-term volatility spikes in the crypto market. However, once the market regains clarity, Dogecoin could regain strength.
DogeOS Funding Spurs Bullish Sentiment
Recently, DogeOS has gained funding of $6.9 million from Polychain. With the recent funding to DogeOS, the sentiment around the meme coin is surging back.
Historically, Dogecoin price trends reflect short-term spikes aligning with sentimental surges. Hence, this recent funding could help Dogecoin reach the $0.20 mark.
Short Liquidation Risks and Dogecoin Open Interest Rises
As Dogecoin gradually gains strength, the derivatives market is growing bullish on the meme coin. The DOGE open interest has increased by 1.45% to reach $1.69 billion. This reflects the increased traders’ interest in Dogecoin.
Furthermore, the open interest has increased to 0.0071%, signaling increased bullish sentiments. As bulls gradually dominate the derivatives field, the short liquidation risk grows in Dogecoin.
DOGE Liquidation Map
As per the DOGE exchange liquidation map, the meme coin could witness a massive short liquidation of $10.96 million if Dogecoin reaches $0.1755. This could pump the Dogecoin price and increase the risk of a $13.65 million liquidation at $0.1761.
Ripple (XRP) price consolidates below $2.5 on Saturday, May 11, with gains capped at 5%. The Fear and Greed indicator hinting at volatile days ahead as US and China begin trade talks to mitigate ongoing reciprocal tariffs.
Ripple (XRP) Stalls Below $2.50 as Traders Book Profits on SEC Settlement
Ripple (XRP) failed to keep pace with rival Layer-1 tokens after its headline $50 million settlement with the U.S. SEC.
Traders used the news-driven rally to realize gains, triggering a stall below the $2.50 resistance.
XRP price gains on Saturday were capped at 5%, trailing behind Ethereum and Cardano with 10.5% and 7% upticks respectively, according to the latest data from CoinGecko.
Ripple (XRP) Price Action | Source: Coingecko
Despite the underperformance, XRP trading volume remains elevated. Weekly average volumes are trending 38% above the 30-day mean.
Momentum indicators on the 7-day and 14-day charts still show double-digit price growth.
This signals strong underlying demand and investor confidence, setting up a consolidation base for potential breakout.
The $2.50 mark remains a psychologically significant resistance level.
XRP has tested this threshold three times in the past month, each time retreating on increased sell pressure.
Rather than slide below the $2 mark, positive sentiment from the SEC settlement and Trump’s softening stance on trade deals may trigger another Ripple price leg-up in the coming sessions.
US-China Trade Talks in Switzerland Could Lift XRP Sentiment
Simultaneously, diplomatic overtures between the U.S. and China are drawing investor attention. Trade envoys met in Geneva Saturday for tariff negotiations.
US Treasury Secretary Scott Bessent leads the American delegation, with Vice Premier He Lifeng heading the Chinese side.
The talks follow months of economic escalation. A 145% U.S. tariff wall on Chinese imports and Beijing’s 125% countermeasures have suppressed bilateral trade volumes. Goldman Sachs projects these tariffs will double U.S. inflation to 4% by year-end. Even halving the current rates may not restore normal trade flows.
Market participants are closely monitoring statements from Washington.
“80% Tariff on China seems right! Up to Scott B,” Donald Trump posted on Truth Social, signaling both pressure and flexibility from tariffs of up-to 150% currently levied on certain imports from China.
Trump’s softening stance on trade policy and aggressive calls for Fed rate cuts continue to impact capital flows, investor risk appetite and global market sentiment positively.
XRP Fear and Greed Index Enters Extreme Greed Zone
Ripple’s market sentiment is signalling overheating. The XRP-specific Fear and Greed Index shows a current reading of 78, firmly in “Greed” territory. This marks a sharp uptick from the monthly timeframe low values of 49 just seven days ago.
Key indicators like price impulse, social sentiment, and volume are all flashing “Extreme Greed.” Only whale concentration and network dominance lag behind, indicating some institutional caution.
Ripple (XRP) Fear and Greed Index, May 10, 2025 | Source: CFGI.io
This sentiment trend, coupled with geopolitical optimism and strong technical support at $2.25, could set the stage for XRP to challenge the $2.50 resistance once again.
Should Ripple price continue to consolidate above that threshold, the path to $3 becomes more realistic, especially if trade negotiations progress or capital rotation from Bitcoin accelerates.
XRP Price Forecast Today: Bulls to Target $2.75 if XRP Clears Mid-Keltner Channel
XRP price is holding firm above $2.44 on May 11, showing resilience after briefly touching an intraday high of $2.48.
Despite a mild 1.2% pullback on the daily close, the structure remains decisively bullish.
XRP trades above the midline of the Keltner Channel at $2.24, which now acts as dynamic support, while the upper band at $2.45 remains within reach, hinting at latent upside pressure.
Notably, the BBTrend oscillator has surged to 6.08, confirming a shift in directional strength that supports continuation rather than exhaustion.
Ripple (XRP) Price Forecast | Source: TradingView
Volume remains elevated at 8 million XRP, aligning with increasing buying momentum over the last three sessions, suggesting that institutional flows and larger holders are accumulating.
With XRP maintaining a strong posture above the 20-day mean, bulls are likely to test the psychological $2.50 barrier again, aiming next for $2.75. The breakout candle from May 9 remains intact, indicating follow-through is still in play.
Bitcoin forecast today also leans bullish, trading at $63.4K with RSI near 57 and holding above its 50-day EMA.
XRP typically follows Bitcoin’s macro sentiment, and with BTC showing no signs of reversal, XRP’s breakout remains technically supported. In the short-term, bearish risks may re-emerge if XRP price breaks below $2.24, invalidating the current channel breakout.
TRUMP has seen a 7% rise in the last 24 hours, with the price trading at $10.34 at the time of writing. Despite this short-term recovery, the broader outlook for the altcoin remains bearish, influenced by ongoing market conditions.
The recent conflict between Elon Musk and Donald Trump has added further uncertainty, potentially deepening the bearish trend.
TRUMP Outflows Rise
The Relative Strength Index (RSI) for TRUMP currently sits in the negative zone, below the neutral mark. This suggests that the broader market cues are bearish, presenting a significant challenge for TRUMP’s recovery.
A sustained period in the negative zone indicates that buying momentum is weak, and sellers continue to dominate the market.
The bearish sentiment is compounded by the recent market uncertainty surrounding the spat between Musk and Trump. The ongoing tensions between these two influential figures could further contribute to the lack of positive momentum for TRUMP.
From a macro perspective, the Chaikin Money Flow (CMF) indicator highlights a dominant trend of outflows from TRUMP.
The CMF has recently dropped to its lowest level in more than three months, showing that there is little buying pressure to support the asset’s price. This indicates a growing lack of confidence among investors in TRUMP’s long-term value.
The market’s response to the Musk-Trump conflict could amplify these outflows.
According to Nic Puckrin, a crypto analyst and founder of The Coin Bureau, the tension between Musk and Trump could negatively impact the broader market.
“The public spat we’re seeing between Musk and Trump was nothing if not predictable. However, given their influence on the news cycle, the markets don’t like this at all, and it’s only likely to get worse as emotions escalate… It’s been a perfect storm for markets, and if this uncertainty, along with the Trump-Musk saga, continues into the weekend, the crypto market will bear the brunt, as it is still the only market that trades 24/7,” Puckrin said.
TRUMP Price Recovery May Be Difficult
TRUMP is currently trading at $10.48, having risen by 7.6% over the last 24 hours. However, the token is facing significant resistance at $10.97, a level that has proven difficult to breach in recent weeks.
Given the current market sentiment, it seems likely that TRUMP will struggle to push past this resistance, limiting its price movement in the short term.
Considering the current bearish factors and lack of strong buying momentum, TRUMP could remain consolidated between $10.97 and the support level of $9.68.
This consolidation could persist as the market grapples with the impact of outflows and investor uncertainty, making it difficult for TRUMP to make substantial gains.
If TRUMP’s supporters shift their outlook and turn more bullish, the token could breach the $10.97 resistance. Successfully flipping this level into support could trigger a move toward $12.18, invalidating the current bearish thesis.
