XRP is currently trading at $2.12, staying above the important $2.00 support level. It’s up about 3% in the last 24 hours, showing some positive momentum. The coin tested the support zone again but bounced back, which means buyers are still active and willing to step in.
This bounce suggests the market might be starting to recover from the recent downturn. If the buying pressure continues, the market could soon see a relief rally.
According to analyst Egrag Crypto, XRP is currently forming an Ascending Broadening Wedge pattern, suggesting two possible price targets: a decline to $0.65 or a rise to $17. For a bullish breakout, XRP must first close above $3.50. If it reaches the $5 level but fails to sustain above it, this could signal a higher probability of the pattern playing out. A rejection at $5 would likely lead to a retest of the $1.90 level.
A successful breakout above $5, with a follow-through above $6, could drive XRP toward the $17 target within 2-3 weeks. However, the analysis hints at a 70% likelihood of a downside breakout, potentially pushing the price back to $0.65, with only a 30% chance for the bullish scenario. This pattern is not yet fully formed, and key price levels should be monitored closely for confirmation.
XRP price is stuck within a narrow consolidation range, but an explosive rally might be brewing after whales purchased 200M Ripple tokens in the last five days. The purchase comes after a recent report disclosed that 23% of US investors hold Ripple, signalling high market confidence despite regulatory uncertainty from the SEC lawsuit.
XRP trades at $2.20 today, May 3, but with 71% of bullish Binance traders, how high with this altcoin rally go, and are large purchases and adoption enough to see it outperform the broader crypto market? Let’s find out.
XRP Price May Explode as US Investors, Whales, Back Ripple
The price of XRP is at a pivotal point after a recent report revealed that 23% of US crypto investors have invested in Ripple. Meanwhile, this altcoin has a 67% awareness rate, suggesting that its popularity is notably high. According to the National Cryptocurrency Association, XRP is the 6th most popular crypto in the US.
US Crypto Popularity
This data indicates that despite the SEC vs. Ripple lawsuit not being formally closed, investor confidence in the blockchain and its native token remains notably high. Hence, once the SEC releases an official statement on the settlement, 67% of US traders who are aware of Ripple may flock to the altcoin, and spark a massive price gain.
Meanwhile, whale activity hints that large investors are leaning towards a bullish XRP price prediction in May after acquiring a staggering 200M tokens this week alone. Per Santiment data, those holding between 10M and 100M Ripple tokens have increased their holdings from 7.59 billion to 7.79 billion
XRP Whale Supply Balance
The high rate of adoption by US investors and the whale accumulation are bullish indicators and may lead to an explosive rally for the XRP price. Moreover, the technical outlook supports this positive narrative as the altcoin eyes fresh all-time highs.
Ripple Technical Analysis As it Nears Breakout Cycle
Popular analyst VipRoseTr has shared a bullish forecast on XRP price, stating that it is nearing a breakout cycle. In her analysis, she noted that this altcoin was entering a long-awaited breakout from resistance that may spark a 2x surge in market capitalisation.
The analyst identified a descending trendline on Ripple’s weekly chart, noting that with the recent formation of higher highs, this altcoin was on the verge of breaking past a major resistance hurdle. If this breakout occurs at $2.58, XRP will form the next bullish leg that will push it to as high as $3.87.
XRP Price Chart
Considering this bullish XRP price analysis and the recent whale acquisitions, the altcoin has the potential to make explosive gains. However, such gains will depend on the rate at which new traders acquire Ripple, as statistics reveal that it lags behind Ethereum, Solana and Dogecoin in terms of acquisitions in the US.
The price of Pi Coin (PI) has slipped below the key $0.60 level, falling by over 3% in the past 24 hours. On a 30-day timeframe, the token has recorded a -15% decline, making it one of the few major cryptocurrencies trading in the red this month.
While this downward trend has raised concerns among holders, some traders are starting to wonder if this dip could actually be a strategic buying opportunity. Since mid-April, Pi Coin has been trading sideways in a narrow range between $0.59 and $0.67, and with the current price now testing the lower boundary at $0.58, the market could face further downside risks if it breaks below this support.
The big question circulating in the community right now: can Pi Coin climb back to $3?
Despite the recent price pressure, there are a few positive developments stirring excitement among Pi supporters:
BitMart has officially resumed trading for Pi Coin, bringing back much-needed liquidity to the market.
Banxa, a fiat-to-crypto payment platform, is reportedly creating thousands of new accounts, signaling growing interest in Pi.
HTX (formerly Huobi) is teasing Pi Coin activity on its platform, hinting at possible future support.
And perhaps most notably, Pi Network founder Dr. Nicolas Kokkalis is set to be a keynote speaker at the Consensus Summit in Toronto in May 2025 — a major event for the global crypto industry.
According to crypto influencer Dr. Altcoin, these updates could mean one thing for Pi’s price outlook: bullish momentum might be building.
For now, all eyes are on whether Pi Coin can hold its support at $0.58 — or if these positive signals can help spark the next rally.
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The price of Pi Coin (PI) has slipped below the key $0.60 level, falling by over 3% in the past 24 hours. On a 30-day timeframe, the token has recorded a -15% decline, making it one of the few major cryptocurrencies trading in the red this month. While this downward trend has raised concerns among …
Crypto whales are accumulating NEET, PIN, and CHILLGUY ahead of the upcoming FOMC decision, signaling growing interest in select meme and DePIN tokens. NEET has surged over 41% in the past 24 hours, with whale holdings jumping 45% in just a week.
PIN is down nearly 13% this week, yet large wallets have increased their exposure by 18.5%, suggesting strategic buying during the dip. Meanwhile, CHILLGUY is up 38% in seven days, and despite recent price stability, whale holdings remain relevant, hinting at expectations of post-FOMC upside.
NotInEmploymentEducationTraining (NEET)
NEET has surged over 41% in the last 24 hours, standing out as one of the day’s most explosive meme coin moves. The token, which brands itself humorously as “the premier token for basement dwellers worldwide,” is based on the acronym “Not in Employment, Education, or Training.”
Originally launched on PumpFun and now trading on the Solana blockchain, NEET has quickly attracted attention with its mix of irony and momentum.
With over 6,300 holders and $5 million daily trading volume, the project is gaining real traction in the Solana meme coin space.
On-chain data reveals that crypto whales are also significantly accumulating NEET. In just the past seven days, the amount of NEET held by whales has jumped 45%, rising from 110 million to 153 million tokens.
PinLink (PIN)
PinLink is positioning itself as the first RWA-tokenized DePIN platform, aiming to offer crypto users fractionalized ownership of real-world physical infrastructure (DePIN assets).
Despite this promising concept, its native token, PIN, has dropped nearly 13% over the past seven days, reflecting broader market weakness or short-term selling pressure.
Interestingly, while the price corrects, crypto whales appear to be accumulating. Between May 5 and May 7, the amount of PIN held by large wallets increased from 242,717 to 287,635 tokens.
This 18.5% jump in crypto whales holdings during a downtrend could suggest strategic accumulation—often seen when larger players anticipate a rebound or view the current price as undervalued.
If this trend continues, it may support a future price recovery once broader sentiment stabilizes.
Just a chill guy (CHILLGUY)
CHILLGUY is up 38% over the past seven days, standing out as one of the stronger performers in the meme coin space this week.
Alongside its price surge, whale accumulation has intensified—on-chain data shows that holdings by large wallets grew 52% in the same period, rising from 56.2 million to 85.75 million tokens.
While price growth has stabilized in recent days, it’s notable that whales are not reducing their positions. This holding behavior implies that large holders may be anticipating further upside—possibly tied to macro events like the upcoming FOMC outcome.
If market sentiment shifts favorably and meme coins see renewed inflows, CHILLGUY could be among the beneficiaries, with whales already positioned to capitalize on any momentum shift.
