On May 30, 2025, Sharplink Gaming, a top technology company, took a big step with a $1 billion shelf registration. The SEC filing reveals that the company aims to purchase Ethereum with the proceeds which is a new approach for its treasury strategy. Sharplink Gaming Boosts Blockchain Strategy with $1 Billion Ether Treasury Shift This company is reinforcing its blockchain plans by purchasing another $1 billion worth of Ether after purchasing $425 million of the digital asset earlier this week. The company’s push to use blockchain and digital assets in iGaming is becoming stronger. As a result of this registration, it can issue shares like common stock and preferred shares and other securities at any time as needed. The company has $1 billion worth of “at-the-market” agreements with Alliance Global Partners (AGP) to sell stock as required. Both sides can spend the funds immediately, after agreeing to the terms in… Read More at Coingape.com
XRP price today pulled back by 3% as its recent rally took a breather amid a wave of profit-taking among crypto investors. Its dip brought its valuation to $133 billion. However, technicals suggest that the Ripple price is on the verge of a strong surge as the RLUSD stablecoin volume surges by 45%.
XRP Price to Surge to $3.5 as RLUSD Stablecoin Volume Jumps
The XRP price has several catalysts that may propel it significantly higher in the long term. One of these drivers is its potential to disrupt the financial market by disrupting the SWIFT Network that connects over 11,000 banks.
The other key catalysts for the surge is its foray into the stablecoin industry. Ripple USD (RLUSD), its stablecoin, continues to gain market share as its market cap has jumped to nearly $300 million.
CoinGecko data shows that the 24-hour volume of RLUSD increased by 45% to $110 million, indicating growing usage. That figure means that RLUSD is one of the most popular stablecoins in crypto since its daily volume is higher than other well-known names like USDS, Ethena USDe, TrueUSD, and Justin Sun’s USDD.
RLUSD’s volume increase happened a day after it was incorporated in Aave V3. This addition enables AAVE users to supply and borrow it easily. Ripple Labs also made the strategic move to burn 12 million RLUSD tokens, a move aimed at reducing its supply and boosting its demand. Earlier this month, Ripple added RLUSD into its payment network, which will eventually lead to higher volume over time.
Ripple Price Analysis and Targets
The ongoing growth of its stablecoin and the recent end of its legal issues has fueled optimism that XRP price is about to surge. One crypto analyst who has followed it for years now believes that the coin will eventually hit $1,000. This is unrealistic, as it would push its market cap to $100 trillion.
XRP Price to $1,000
Still, a simple technical analysis shows that the coin is on the verge of a rally, possibly to the psychological point at $3.5.
The three-day chart below shows that it has formed two highly bullish chart patterns that may fuel this surge. The orange lines show that it has created a falling wedge pattern whose trendines are about to meet.
XRP price has now flipped the upper side of this pattern, potentially confirming this breakout. The coin has also formed a bullish pennant pattern, a positive technical formation characterized by a vertical line and a triangle.
XRP Price Chart
Therefore, the value of XRP is likely to surge to its year-to-date high of $3.4. Rising above that level will increase the possibility of it reaching $3.5, a 60% increase from the current point.
A plunge below the year-to-date low of $1.6225 will cancel the bullish outlook. Such a crash may put it in danger of a drop to $1.
Cardano has seen a notable price increase in recent days, reflecting broader market improvements. The altcoin is currently trading at $0.79, marking a 17% gain over the past three days.
Alongside favorable market conditions, bullish signals from the network itself indicate that Cardano’s price could be on the path to recovery of the 40% losses it sustained in March.
Are Cardano Investors Noting An Opportunity?
The MVRV Long/Short Difference for Cardano is currently sitting at -89%. This indicates that long-term holders (LTHs) are facing near-zero profits, with some even experiencing losses. On the other hand, short-term holders (STHs) of less than a month are seeing profits.
This oscillating indicator reaches extreme negative values near the end of the bear cycle, as when STHs begin to sell, new investors typically step in to absorb the selling pressure.
This dynamic can help keep the price afloat and even push it higher, maintaining positive momentum. The shift could play a pivotal role in recovering from the recent losses.
Bullish technical indicators support Cardano’s macro momentum. The Moving Average Convergence Divergence (MACD) shows that bullish momentum is strengthening.
The rising green bars on the histogram suggest that the market is experiencing positive momentum, and the possibility of a bearish crossover is still distant.
Cardano is currently trading at $0.78, a 17% increase over the last three days, bringing it closer to the $0.80 resistance. This recent rally offers another opportunity for Cardano’s price to recover the 40% losses it experienced earlier in March.
If positive momentum continues, Cardano could break through key resistance levels and target higher price points.
A complete recovery would likely require Cardano to reach $1.13, but this could take more time. For now, the realistic target is to flip the $0.85 resistance into support.
If successful, this would lock in the recent gains and set ADA up for further growth towards $0.99, positioning it for a sustained recovery.
However, if Cardano fails to maintain its growth and drops below $0.74, the altcoin could enter a period of consolidation. In this scenario, the price would likely fluctuate between $0.74 and $0.66, invalidating the current bullish outlook.
USDC stablecoin issuer Circle has finally applied for the Initial Public Offering (IPO) for listing “CRCL” stock on the New York Stock Exchange (NYSE). This development comes as the firm puts to rest the rumors of a potential acquisition by Coinbase or Ripple. Furthermore, the announcement comes just as the stablecoin bill aka GENIUS Act, is just one step away from becoming a law. Circle Files for IPO And Listing on NYSE Circle Internet, the issuer of the USDC stablecoin, announced plans to seek a valuation of up to $5.65 billion through its U.S. initial public offering (IPO). The company aims to sell approximately 9.6 million shares, while existing shareholders intend to offload an additional 14.4 million shares. The company’s stock will trade on the New York Stock Exchange (NYSE) under the ticker “CRCL” after securing all regulatory approvals. As per the official press release, each CRCL stock will be… Read More at Coingape.com
