XRP continues its decline, falling 10% over the past week as bearish momentum strengthens.
The fourth-largest cryptocurrency by market capitalization remains under pressure, with waning buying interest hinting at the possibility of further losses.
XRP’s Outlook Worsens as Buying Pressure Fades
Since reaching an all-time high of $3.40 on January 16, XRP has remained mostly within a descending parallel channel. This is a bearish pattern formed when an asset’s price moves between two downward-sloping parallel trendlines, indicating a downtrend.
When an asset’s price trades within this channel, it marks a period of decline during which sellers dominate, and buying activity is low. This has put significant downward pressure on XRP’s price in the past month.
XRP currently trades at $2.11, exchanging hands below its 20-day exponential moving average (EMA). This key moving average measures the asset’s average price over the past 20 trading days, giving more weight to recent prices to reflect short-term trends.
When an asset’s price falls below its 20-day EMA, it suggests that selling pressure is strong and the asset is in a bearish phase. This signals continued downside momentum for XRP unless buying interest increases to push the token’s price back above the EMA.
Further, XRP’s Chaikin Money Flow (CMF) is currently in a downtrend and is poised to breach its zero line. This indicator, which measures money flow into and out of an asset, is at 0.02 as of this writing.
When an asset’s CMF attempts to fall below zero, it reflects the weakening buying pressure and increasing selling dominance. This suggests that money is flowing out of XRP rather than into it, reinforcing the bearish outlook.
XRP Faces Bearish Pressure: Could It Crash to $1.47?
XRP risks dropping below $2 if new demand remains insignificant. In that scenario, it could plummet to $1.47, a low it last reached in November.
On the other hand, if selling pressure wanes and XRP sees an uptick in buying activity, it could push its price past the resistance at $2.81 toward the $3.40 all-time high.
According to a securities filing on Tuesday, Jack Mallers’ newly launched investment vehicle, Twenty One Capital, has acquired 4,812 Bitcointokens worth $458.7 million.
Backed by Tether, Cantor Fitzgerald, and SoftBank, the SPAC-born firm signals a new phase of corporate Bitcoin accumulation
Twenty One Capital Buys 4,812 Bitcoin Worth $458.7 Million
The purchase marks the firm’s first major Bitcoin acquisition since its formation in late April. It signals the start of an aggressive BTC accumulation strategy modeled after Michael Saylor’s Strategy.
The Bitcoin allocation, labeled “Initial PIPE Bitcoin,” was initially acquired by USDT issuer Tether. The stablecoin issuer and majority shareholder of Twenty One Capital. They structured the deal as part of a private investment in public equity (PIPE) transaction using gross proceeds from convertible notes.
Following the business combination that created the publicly traded entity, Tether transferred the BTC to Twenty One Capital for $458.7 million.
The company, trading under the ticker CEP, now holds a staggering $4.05 billion in Bitcoin. This makes it the third-largest corporate holder after Strategy and Marathon Digital. During its formation, they seeded its treasury with $3.6 billion in BTCvia a SPAC merger with Cantor Equity Partners.
“Twenty One Capital isn’t just stacking sats — it’s leading a generational shift in corporate capital allocation…Jack Mallers is taking the Saylor playbook and turning it into an arms race…For corporations to survive, they must mimic the Strategy’s process, they must ‘Saylorize’ or die,” Keiser told BeInCrypto.
Unlike traditional tech firms that hold BTC on the side, Twenty One Capital is designed to be Bitcoin-native at its core. This entails using equity and convertible debt as vehicles to acquire more BTC. The strategy reflects a broader transformation where companies are no longer “dabbling” in crypto. Instead, they are betting their business models on it.
The move also sharpens competition with entities like Metaplanet, Japan’s self-described “Asian MicroStrategy.” BeInCrypto reported that the firm recently ramped up BTC purchases through bond offerings.
Twenty One Capital’s alignment with powerhouses like Tether, Bitfinex, and Cantor Fitzgerald gives it a unique edge in liquidity, market access, and global infrastructure. This latest purchase goes beyond mimicking Strategy, 21 Capital is challenging it.
As corporate Bitcoin balance sheets gain momentum, Twenty One Capital’s aggressive entry may herald a second wave of institutional FOMO. This time, however, SPACs, sovereign-linked funds, and stablecoin giants drive the FOMO.
Bitcoin (BTC) is up more than 7% over the past seven days, holding firm above the $100,000 level and showing signs of continued bullish momentum. However, recent whale activity paints a more cautious picture, with only a slight increase in large holders and mixed signals over the past month.
While the Ichimoku Cloud and EMA indicators remain supportive, they also reflect a market lacking strong conviction. With key resistance and support levels in focus, BTC’s next move could determine whether it pushes toward new highs or risks falling back below six figures.
BTC Whales Inch Up, but Confidence Still Mixed
The number of Bitcoin whales—wallets holding between 1,000 and 10,000 BTC—has slightly increased, rising to 2,012 as of today, up from 2,009 on May 9.
While this uptick may appear marginal, whale activity is closely monitored by analysts and investors because these large holders often influence market direction through significant transactions.
Whale accumulation typically reflects growing confidence in Bitcoin’s medium- to long-term outlook, while reductions in holdings can signal caution or profit-taking.
That said, the current pace of growth in whale numbers remains modest, and their activity has been far from stable over the last 30 days.
The last month has shown mixed signals, with whales alternating between accumulation and distribution amid macro uncertainty and volatile price action, as all 12 Bitcoin ETFs see red as the market shrugs off $96 million exit in the last 24 hours, their biggest single-day outflow since April 16.
This inconsistency suggests that, despite the slight rise in recent days, major players are still navigating the market cautiously rather than committing to a sustained buying trend, despite some analysts stating that Bitcoin could reach a new all-time high soon.
Bitcoin Holds Above Cloud, But Momentum Slows
The Ichimoku Cloud chart for Bitcoin currently shows a relatively neutral-to-bullish setup. Price candles sit just above the Kijun-sen (red line) and Tenkan-sen (blue line), indicating that short-term support is holding for now.
The cloud (Kumo) ahead is bullish, with the Senkou Span A (green cloud boundary) positioned above the Senkou Span B (red cloud boundary), reflecting a positive forward-looking trend.
The Chikou Span (lagging green line) remains above the price from 26 periods ago, signaling cautious bullish sentiment.
Price is still above the cloud, which is a bullish zone, but sideways action and a narrowing gap between the Tenkan-sen and Kijun-sen show indecision.
For the uptrend to gain strength, the blue line must cross above the red line clearly, with a thicker and steeper cloud forming ahead.
Key Levels to Watch: Bitcoin’s Next Move After Holding $100,000
Bitcoin price has been steadily holding above the key psychological level of $100,000 for the past six days, with its EMA lines indicating a clear uptrend—short-term averages are positioned above long-term ones, signaling sustained bullish momentum.
If BTC can break above the immediate resistance at $105,705, it could trigger another leg up toward $107,038.
Core Scientific (CORZ), Robinhood Markets (HOOD), and Strategy Incorporated (MSTR) are drawing attention today. CORZ rose after appointing Elizabeth Crain to its Board and reinforcing its shift toward AI infrastructure.
HOOD confirmed a $250 million CAD acquisition of WonderFi, expanding into Canada and going head-to-head with Wealthsimple. MSTR bought 7,390 BTC for $765 million, raising its total holdings to over 576,000 BTC, while facing a class-action lawsuit over its Bitcoin-focused strategy.
Core Scientific (CORZ)
Core Scientific (CORZ) closed yesterday with a modest gain of 0.65% and is already up 5% in pre-market trading, following the appointment of Elizabeth Crain to its Board of Directors.
Crain brings over thirty years of experience in investment banking and private equity, having co-founded Moelis & Company and held senior roles at UBS. She will also Chair the Audit Committee, a key position as Core Scientific continues its strategic shift toward AI-related infrastructure.
Her appointment, along with Jordan Levy’s being named Chairman, marks a pivotal moment for the company as it enhances its leadership team amid a broader transition in business focus and operations.
CORZ’s chart shows signs of renewed strength, with a potential golden cross forming on its EMA lines. Analyst sentiment remains overwhelmingly bullish—16 out of 17 analysts rate the stock as either a “Strong Buy” or “Buy,” with a one-year price target averaging $18.28, representing a 68.49% potential upside.
If momentum holds, the next key resistance level is $13.18, which could be tested in the short term.
However, investors should watch for support at $10.34; if it fails, the stock may retrace to $9.45 or even $8.49.
The deal, which offers a 41% premium over WonderFi’s last closing price, will bring WonderFi’s 115-person team and established crypto brands—Bitbuy, Coinsquare, and SmartPay—under Robinhood Crypto’s umbrella.
Robinhood Crypto executive Johann Kerbrat recently emphasized the company’s focus on tokenization and financial accessibility, highlighting how fractionalized assets like real estate can open up previously inaccessible markets to everyday investors.
The company submitted a 42-page proposal to the SEC seeking a federal framework for tokenized real-world assets. It aims to bring traditional financial markets on-chain with legally recognized asset-token equivalence.
HOOD shares closed up 4% yesterday and are up slightly in pre-market trading, extending a remarkable 56% rally over the past 30 days. Technically, the stock’s chart shows strong momentum, with its short-term EMA lines clearly above the long-term trend—suggesting sustained bullish sentiment.
The next key resistance sits at $66.15; a clean break above that could push HOOD into uncharted territory, surpassing the $70 mark for the first time and establishing new all-time highs.
Strategy Incorporated (MSTR)
Strategy (formerly MicroStrategy) has added another 7,390 BTC to its corporate treasury, spending approximately $765 million as Bitcoin traded above $100,000.
This latest accumulation brings its total holdings to 576,230 BTC—acquired for $40.2 billion—now valued at over $59.2 billion, reflecting an unrealized gain of roughly $19.2 billion. However, the aggressive Bitcoin strategy continues to attract scrutiny.
The company and its executives, including Executive Chairman Michael Saylor, have been hit with a class-action lawsuit alleging they misrepresented the risks tied to their Bitcoin-centric investment approach.
Strategy is still the largest corporate holder of Bitcoin, despite legal pressure. Its Bitcoin-first approach has inspired similar treasury strategies in Asia and the Middle East.
MSTR closed yesterday up 3.4% and is down 0.47% in the pre-market. The stock is up nearly 43% in 2025. It is trading near key support at $404; if lost, it could fall to $383.
If momentum returns, MSTR could rise to $437. Analyst sentiment is strong—16 out of 17 rate it a “Strong Buy” or “Buy.” The one-year average price target is $527, implying a 27.5% upside.
