The crypto market’s been volatile lately and XRP is no exception. Over the weekend, as tensions flared between Iran and Israel, Ripple’s native token dipped below the $2 mark. Trading volume surged over 40% in just 24 hours as worried investors rushed to adjust their positions.
What’s Been Happening With XRP?
XRP had a strong start to the year, climbing near its previous highs back in January. Legal wins against the U.S. SEC and Ripple’s growing partnerships had fueled hopes for a breakout above previous highs. However, the recent selloff triggered by geopolitical tensions knocked the token off its path.
XRP briefly fell to $1.91 before bouncing back, but it’s now facing a tough resistance level around $2.28.
What’s Next For XRP Price?
However, now that XRP and majority of the altcoins have bounced back, altcoin season speculations are back. Popular analyst Dark Defender said that XRP is gearing up for a big move, with the price approaching an important point on the weekly charts.
According to his analysis, XRP is about to break out of a descending triangle pattern, a formation that often signals a big price shift. The token has been holding steady around the $2 mark, it won’t stay there for long. “The Break Is Imminent towards ATH,” the analyst wrote.
Resistance Levels
Support Levels
$2.19
$2.07
$2.22
$1.88
$2.33
XRP is still maintaining a cup pattern, which often hints at an upcoming rally. Additionally, the Ichimoku Clouds, a popular technical indicator, are also showing bullish signs. At the time of writing, XRP price has gained 12 % and is trading at $2.19.
Bitcoin (BTC) price performed underwhelmingly on Thursday, posting a mild 2% dip before stabilizing at $89,000 while the aggregate market cap rose by 6%. With Bitcoin market dominance down, early media chatter suggests the upcoming White House crypto summit scheduled for Friday, is expected to drive another wave of volatile price action in the days ahead.
Bitcoin Faces Stiff Resistance at $93,000 as Traders Rotate Into Altcoins
Bitcoin (BTC) performance on Thursday was underwhelming despite bullish sentiment across global financial markets, including cryptocurrencies.
BTC price formed a local bottom at $81,400 on Wednesday, before rebounding 14% after the U.S. Secretary of Commerce hinted that Trump may ease the 25% tariffs imposed on Canada and Mexico.
Bitcoin Price Action
However, Bitcoin bulls encountered resistance at $92,790, prompting traders to shift capital toward other high-performing assets. The latest charts indicate BTC has since retraced 4% to $88,900 at press time, signaling hesitation ahead of key macro developments.
Bitcoin Market Dominance Dips as Investors Bet on Altcoins Ahead of White House Crypto Summit
When Bitcoin underperforms the broader market, it often signals shifts in investor sentiment and risk appetite. In alignment with recent trends, the upcoming White House Crypto Summit has become a dominant discussion point among traders.
Following the announcement of the U.S. Crypto Strategic Reserve last weekend, altcoins outperformed Bitcoin’s 13% price gain.
Notably, Cardano (ADA) surged 100% within 24 hours of the announcement. Investors now anticipate that if the White House summit delivers favorable regulatory measures or investment plans for the reserve, altcoins could see another explosive rally.
Bitcoin Dominance (BTC.D) | March 6
Bitcoin dominance (BTC.D) has plunged 5% since Trump announced the Crypto Strategic Reserve on March 2. On Thursday, BTC.D fell 0.6 percentage points to 61.28%, indicating investors are rotating capital into altcoins, betting that regulatory clarity could fuel short-term gains beyond BTC.
David Sacks, Trump’s newly appointed Crypto Czar, has criticized the Biden administration for what he calls a massive financial blunder. Sacks pointed out that the U.S. government auctioned off 195,000 BTC over the past decade for just $366 million, missing out on $17 billion in potential profits as Bitcoin surged 4,500% since those sales.
“The Biden administration had a golden opportunity and fumbled it,”
Trump’s Crypto Czar, David Sacks, hinting that over 195,000 BTC that could have been added to US reserves, March 5, 2025.
With the White House Crypto Summit kicking off within 24 hours, expectations are mounting that the Trump administration could introduce expansive crypto-friendly policies, potentially reshaping U.S. digital asset regulation.
Bitcoin Price Forecast: Death Cross Flashes Short-term Risk Signals as BTC Fails $93,000 Test
Bitcoin price forecast show that BTC currently hovers around $89,112, showing signs of weakness as bearish momentum gains traction. The Super SMA 5-8-13 crossover indicates a Death Cross, with the 5-period SMA ($89,626) slipping below the 8-period ($88,864) and 13-period ($88,171).
This bearish alignment suggests a potential continuation of the downtrend, with BTC at risk of retesting the $80,727 support marked by the Parabolic SAR.
Bitcoin Price Forecast
Momentum indicators confirm downside risks. The MACD histogram has entered positive territory, yet the MACD line at -934 remains below the signal line at -1,663, suggesting a lack of bullish conviction.
The previous rally failed to breach key resistance, reinforcing sellers’ dominance as volume on the latest red candle suggests strong rejection above $90,000.
A decisive break below $88,171 could trigger cascading sell orders, driving BTC toward $84,000, with $80,727 as the next major support.
However, if bulls reclaim $89,626, Bitcoin could aim for a reversal, targeting $92,500 before challenging $97,500. Failure to reclaim momentum risks accelerated liquidation, reinforcing the bearish structure hinted at by the recent Death Cross.
The creators of the TRUMP meme coin have moved over $52 million worth of tokens to centralized exchanges, sparking debate about the project’s motives and transparency.
The token, themed after US President Donald Trump, has gained massive attention since its launch, but now faces scrutiny over insider activity and market impact.
TRUMP Team Describes $52 Million Token Transfer as ‘Liquidity Operations’
On May 10, on-chain analytics platform Lookonchain revealed that the team behind TRUMP deposited 3.5 million tokens, valued at more than $52 million, across three major exchanges—Binance, OKX, and Bybit.
According to the firm, Binance received the largest share at 1.5 million tokens, estimated at $22 million. OKX followed with 1 million tokens worth $15 million, while Bybit received just over 500,000 tokens valued at $7.5 million.
However, the TRUMP token team claimed the transfer aimed to strengthen liquidity and maintain stable market access.
They explained that the tokens came from a pre-designated liquidity wallet created during the project’s launch. The team also assured users that all recently unlocked tokens had been relocked and would remain so for 90 days.
“Demand for $TRUMP has been tremendous. On May 10, 2025 at approximately 1:30 am UTC, 3.5 million $TRUMP will be moved onto exchanges to further support liquidity operations to help ensure continued availability of $TRUMP for both buyers and sellers. All of this liquidity is being provided from a liquidity wallet from the initial launch,” the team stated.
While the team maintains that the token transfers are part of routine liquidity management, recent findings suggest a different story.
A CNBC report, citing Chainalysis, revealed that the team behind TRUMP has earned over $320 million in trading fees.
Furthermore, there is a wide gap between investor outcomes. Of more than two million wallets holding TRUMP, roughly 760,000 are currently at a loss.
In sharp contrast, only 58 wallets have each made over $10 million, together netting about $1.1 billion in profits.
This stark imbalance suggests that a small group of insiders may have captured most of the value generated by the token.
According to BeInCrypto data, the token surged to $77 on its first trading day. However, it has since plummeted by 86%, trading near $14 at the time of writing.
There is a subtle shift in the crypto ecosystem with altcoins like Dogecoin (DOGE) currently facing price uncertainty from market whales. According to data insight from crypto analyst Ali Martinez, over the past week, as many as 570 million DOGE were unloaded by whales. With the current outlook, the potential impact on the Dogecoin price remains a concern for market watchers.
Dogecoin and the Whales Offset
According to the current market outlook, the 570 million DOGE whale was worth approximately $89.26 million. Per the chart shared, the selloff came mostly from whales holding between 10 million and 100 million DOGE. The chart trend shows that the current level is the lowest these whales have traded the coin since at least April 6.
The related DOGE whale dumping trend has been recorded in the past, and it has had a visible impact on the price of the memecoin. Despite this offsetting trend, one Analyst on X, Olivier Maximus, maintained conviction that this will not derail the growth trend.
The overall impact of the market selloff often causes a shift in positive sentiment. As a result, more holders, whether retail or institutional, can choose to start selling their coins, which is a bad move for the price.
Dogecoin Price: Is There a Threat?
With a broad-based price offset, DOGE as an asset is not in isolation now, as other coins are also facing brutal whale selloffs. However, Dogecoin’s price volatility hinges on different ecosystem trends, which have placed it in the spotlight.
At the time of writing, the top memecoin was changing hands for $0.1572, down by 0.25% in 24 hours. The coin maintains consolidation at the $0.16 price level, forming a formidable resistance in the short term.
Notably, earlier DOGE price analysis teased a potential $5.6 breakout based on a falling wedge formation. Despite the whale selloff, as spotted earlier, the price recovery trend is evident. Dogecoin is not under valuation threat in the short term.
The DOGE ETP Advantage
Although volatility is a major challenge for Dogecoin, the digital currency also has some positive ecosystem offerings. As reported earlier, Swiss asset manager 21Shares launched Dogecoin ETP, the first product of its kind in the industry.
This product is considered a major precursor to the expected spot Dogecoin ETF product in the United States. These products generally negate the outlook defined by the volatility and whale selloff as they may usher institutional investors to the memecoin soon. Beyond 21Shares, other asset managers, including Bitwise and Grayscale Investments, are also pushing for similar products.
