Ripple has announced a special XRP Rewards Event to show appreciation for its community. This event is a way for Ripple to thank supporters who stood by the company during its long legal battle with the U.S. Securities and Exchange Commission (SEC).
Free XRP Tokens for the Ripple Community
The rewards event is open to everyone in the Ripple community. Eligible users can claim free XRP tokens by registering based on their location and account status. After signing up, participants will go through a quick eligibility check.
We’re excited to announce the official launch of the $XRP Rewards Event for the entire Ripple community!
This exclusive opportunity is our way of thanking those who stood by #Ripple during challenging times.
Ripple has made it clear that the event is simple and accessible for all active members of its network.
How to Claim Your XRP
Ripple promises an easy process for claiming the rewards. Community members just need to follow the instructions shared by Ripple to collect their XRP tokens. Full details about the eligibility rules, claim steps, and when the rewards will be distributed are expected to be announced soon on Ripple’s official channels.
XRP Market Update: Price Holds Steady
XRP’s price went up by around 3%, briefly trying to move past the $2.25 mark. The token continues to hold strong support between $2.14 and $2.27, staying steady even as the broader crypto market experiences ups and downs.
While the rewards event has sparked interest, XRP’s price remains in a tight range for now. Market watchers believe a bullish breakout towards $2.41 is possible in the near future, but the market currently appears calm and steady.
Ripple’s Business Moves
Alongside the rewards event, Ripple’s business decisions have caught attention. Reports recently suggested that Ripple considered buying Circle, the company behind the USDC stablecoin. Although the deal didn’t happen, Ripple’s recent purchase of fintech firm Hidden Road for $1.25 billion shows the company’s strong financial position and plans to grow beyond the XRP Ledger.
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.
Most of the altcoins are trying hard to make a strong comeback after the latest pullback from their respective local highs. Meanwhile, the Dogecoin price continues to maintain a strong descending trend after the rejection from the local resistance zone close to $0.2. While Bitcoin & Ethereum prices are closely consolidating within a narrow range, aiming to trigger a rebound above the bearish range, DOGE price seems to be losing its grip over the rally. The token is about to erase the gains incurred in the past 30 days, which hints towards the resurgence of a fresh bearish trend.
This raises concerns about whether Dogecoin has a future. Will the cost of 1 Dogecoin reach $0.5 in 2025?
The DOGE price is maintaining a horizontal trade without displaying any strong possibility of a trend reversal. As a result, enough liquidity is accumulated on either side, which suggests the token has entered a decisive phase.
The DOGE price has triggered a rebound before reaching the liquidating zone around $0.164, where the liquidation leverage has surpassed $500 million. Therefore, to reclaim the higher levels, the price is required to liquidate the leverage within this range by plunging below the range. This could squeeze out all the shorts, enabling a significant rebound and a continued upswing. Still, the question remains: Will this help the DOGE price reach $0.2?
The short-term price action of DOGE suggests the price is experiencing tremendous upward pressure after failing to hold above the ascending trend line. The conversion line of the Ichimoku cloud is acting as a strong resistance, without displaying any chance of a bullish crossover. On the other hand, the Stochastic RSI faced a pullback after testing the average range, hinting at the growing dominance of the bears.
Therefore, the Dogecoin (DOGE) price is expected to test the local support at $0.162, which is below the liquidation level at $0.164. This move is expected to cause a short liquidation and trigger a strong upswing towards higher targets, probably at $0.18 initially and later at $0.2.
The post Dogecoin Price Prediction for May 2025—Can it Make it to $0.2? appeared first on Coinpedia Fintech News
Most of the altcoins are trying hard to make a strong comeback after the latest pullback from their respective local highs. Meanwhile, the Dogecoin price continues to maintain a strong descending trend after the rejection from the local resistance zone close to $0.2. While Bitcoin & Ethereum prices are closely consolidating within a narrow range, …
Arkham Intelligence detected a massive Bitcoin transaction from Nucleus Marketplace, a dark web drug market that has been totally inactive for nine years. Nucleus moved $77.5 million to three wallets, leaving $365 million behind.
So-called “ancient” Bitcoin whales pop up in the space periodically, but an extant darknet vendor is still quite rare. Nucleus’ assets have appreciated in value astronomically, but it will be very difficult to convert this BTC into fiat currency.
Dark Web Bitcoin Whale Wakes Up
If there’s one constant in the crypto space and finance more broadly, it’s that money never sleeps. Earlier today, on-chain analysis firm Arkham Intelligence discovered rapid action from a long-dormant source.
Nucleus Marketplace, a darknet market with zero activity in the last nine years, woke up to move over $77.5 million worth of Bitcoin.
“Nucleus Marketplace was a darknet drug market, and it was believed that the founder had either been apprehended by law enforcement or had exit-scammed when the market went offline in 2016. The BTC held in their wallets has not been moved until today,” Arkham claimed.
This defunct darknet market didn’t immediately move all its Bitcoin, and Nucleus still retains about $365 million in BTC. The price of Bitcoin has shot up astronomically since the company’s heyday; at no point in 2016 did BTC cross the $1,000 price point.
Whoever controls this wallet is acting somewhat conservatively, moving these assets into three separate wallets.
Darknet market transactions are somewhat less common, although a few remain at large despite major legal crackdowns.
As novel as this darknet wallet may be in 2025, it doesn’t seem too likely to have much of an impact on Bitcoin. At the moment, it’s impossible to tell who is controlling Nucleus’ wallet, be it an original operator, associate, or hacker.
Regardless of who controls the wallet, it would be very difficult for anyone to convert this BTC into fiat without notice. These wallets are constantly monitored, and any suspicious activity could trigger community actions.