XRP is gaining serious traction as its price jumps to $2.20, with daily trading volume soaring 80% to $4.35 billion. This surge comes alongside increased whale activity and fresh talks about XRP potentially joining New Hampshire’s strategic digital asset reserve. Notably, two massive whale transactions—70 million XRP and 300 million XRP—were moved to unknown wallets, sparking widespread speculation about XRP’s future.
Strategic Reserve Status Could Propel XRP Price to $8.5 by 2026
Crypto lawyer Fred Rispoli shared that under New Hampshire’s HB 302 Bill, any cryptocurrency crossing a $500 billion market cap could be included in the state’s digital asset reserve by 2026. While Bitcoin currently holds that distinction, Rispoli believes XRP has a strong shot if its momentum continues. With a current market cap of $125 billion, analysts speculate that reaching the $500 billion mark could push XRP’s price as high as $8.5—possibly even $10 by 2025.
XRP Price Forecast: Bullish Indicators Point to Major Gains
XRP’s price movement is being driven by bullish signals across multiple technical charts. Crypto analyst Dark Defender is optimistic, predicting a surge to $3 in the short term, followed by targets at $4.4 and $6.3 in the medium term.
The market has seen positive indicators such as higher lows on the hourly chart, a bullish crossover in the MACD, and an RSI of 64.60, signaling continued upward momentum. XRP is also trading above key Exponential Moving Averages (EMAs), further reinforcing the rally’s strength.
Could XRP Back U.S. Government Bonds?
A bold proposal from Black Swan Capitalist suggests that XRP-backed government bonds could be in the cards. This idea would involve U.S. debt being issued in XRP, providing fixed returns for investors while bringing blockchain efficiency to traditional markets. If realized, this could significantly boost XRP’s institutional appeal.
With rising whale activity, growing legal support, and bullish technical indicators, XRP is emerging as a key player in the next wave of cryptocurrency momentum. As analysts predict further upside and legal frameworks continue to evolve, XRP’s future looks brighter than ever.
Over the past few months, Ethereum has experienced a significant decline in user activity on its blockchain. This slowdown has reduced the network’s burn rate—a mechanism that helps decrease ETH supply over time.
With fewer tokens being burned, ETH’s circulating supply has risen, putting inflationary pressure on the asset. As a result, the coin has struggled to maintain a stable price above the $2,000 level in recent months.
Low Burn Rate Equals More Coins in Circulation
According to Ultrasoundmoney, 72,927 ETH, valued at $134 million at current market prices, have been added to ETH’s circulating supply in the past month alone.
At press time, this sits at 120,730,199 ETH, significantly above pre-merge levels.
This increase in ETH’s supply is driven by a decline in user activity on the Ethereum network, reducing its burn rate. Ethereum’s burn mechanism, introduced through EIP-1559, destroys a portion of transaction fees to reduce the circulating supply of ETH.
However, this mechanism is directly tied to network usage. So, when fewer transactions occur like this, less ETH is burned, resulting in ETH’s supply spiking.
According to Etherscan, the daily amount of ETH burnt has dropped by 95% year-to-date. In fact, the network recently recorded its lowest amount of coins burnt in a single day on April 20.
Many users and developers are migrating from Ethereum to Layer-2 (L2) solutions like Optimism and Arbitrum. These networks offer significantly lower transaction fees and faster execution, reducing user activity on Ethereum’s mainnet.
For example, as of April 30, the average transaction fee on Optimism’s mainnet was just $0.024. By contrast, completing a transaction directly on Ethereum cost users an average of $0.18 on the same day, which is over seven times more expensive.
Optimism Average Transaction Fee. Source: Dune Analytics
Moreover, thanks to the recent meme coin mania, “Ethereum killers,” such as Solana, have gained significant traction over the past few months, drawing users away from the L1.
Together, these trends have led to a decline in Ethereum’s transaction count, hence the network’s low burn rate.
How Do Ethereum’s Fundamentals Stack Up?
The drop in Ethereum’s user demand and the subsequent rise in ETH’s supply have raised important questions about the strength of its fundamentals.
When asked how Ethereum currently compares to other Layer-1 (L1) networks amid broader market weakness, Vincent Liu, Chief Investment Officer at Kronos Research, offered his perspective.
“Ethereum’s fundamentals remain strong relative to other Layer 1s, particularly when you consider its total value locked (TVL) of $368.921 billion, which positions it at the top of the leaderboard,” Liu said.
Although Liu acknowledged that Ethereum ranks fifth in 24-hour fees, behind Tron, Solana, HyperLiquid, Bitcoin, and BNB Chain. He emphasized that the network still “demonstrates significant demand and usage.”
Temujin Louie, CEO of Wanchain, shares a similar perspective. While speaking with BeInCrypto, Louie noted:
“Compared to other Layer 1s, fundamentals remain Ethereum’s strength. Unlike many Layer 1s with aggressive inflation as part of their design, Ethereum’s post-merge architecture makes it potentially deflationary. However, the benefits of EIP-1559 depend on on-chain activity. Nevertheless, this is a structural advantage over most competing Layer 1s.”
While increased activity across Layer-2 (L2) solutions and “Ethereum killers” like Solana may have contributed to a decline in user demand on Ethereum itself, Louie believes that the L1 network “remains a leader in decentralization and has a near-unmatched track record that continues to secure its place in the market.”
What About ETH Price?
Even with strong fundamentals, declining activity on Ethereum poses challenges for ETH in the short- to mid-term. Commenting on this, Liu explained that lower network activity generally signals weaker demand for ETH.
At the same time, increased coin issuance on the network undermines Ethereum’s deflationary model, which was designed to support price appreciation.
“This combination could result in bearish price movements,” Liu warned, “especially as investors look to alternative Layer 1s offering better scalability and lower fees.”
Kadan Stadelmann, CTO of Komodo Platform, also highlighted the role of macroeconomic factors:
“If Ethereum experiences an extended decrease in usage, the price could fall considerably depending on how much use drops, especially if the Fed continues its policy of quantitative tightening compared to quantitative easing. Short-term, this could mean price drops down to the $2,000 range. If the trend continues, however, then Ethereum could find itself in a prolonged consolidation period or outright downtrend.”
ETH Eyes $2,000 Breakout Amid Strengthening RSI
ETH currently trades at $1,834, noting a 1% price dip over the past day. Despite the brief pullback, the bullish pressure in the coin’s spot markets continues to strengthen, reflected by the coin’s climbing Relative Strength Index (RSI).
At press time, this momentum indicator is at 57.68. ETH’s RSI readings signal growing bullish conditions. This indicates that the altcoin has room for upward movement if buying pressure increases.
In this scenario, its price could break above $2,027.
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.
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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 …
The bill introduced by Senator Bill Hagerty in February and passed by the Senate Banking Committee in March, seeks to regulate the issuance of stablecoins in the United States. Under the GENIUS (Guiding and Establishing National Innovation for US Stablecoins) Act, stablecoin issuers would be required to be licensed entities, known as “permitted payment stablecoin issuers.”
What Does the GENIUS Act Mean?
The GENIUS Act is designed to bring much-needed clarity and structure to the growing stablecoin market. Complementing the GENIUS Act, the STABLE Act has been introduced in the Republican-controlled House. Together, the two bills aim to set clear regulatory guidelines for the issuance of dollar-pegged stablecoins—cryptocurrencies intended to maintain a stable value by being backed by real-world assets.
Currently, stablecoins are a popular digital dollar used for fast, low-cost payments. However, the absence of clear regulations has led to concerns around safety and trust. The GENIUS Act addresses these concerns by mandating that stablecoin issuers hold full reserves, comply with anti-money-laundering regulations, and undergo regular audits. The act also makes clear that stablecoins are not classified as securities or commodities, resolving a key area of confusion.
With these measures in place, the GENIUS Act aims to foster safer growth for stablecoins, positioning them as potential competitors to traditional payment systems in the future.
Broader Regulatory Context
The GENIUS Act is part of a broader push for stablecoin regulation. In January, President Donald Trump signed an executive order forming a working group to explore stablecoin regulations and the possibility of creating a national crypto stockpile. However, while executive orders signal intent, they lack the legal weight of Congressional approval.
The timing of Trump’s order has raised some concerns, particularly after World Liberty Financial—a crypto firm backed by his family—launched the USD1 stablecoin. Critics, mainly from the Democratic camp, argue that Trump’s influence, combined with his financial ties to the firm, creates a significant conflict of interest as Congress debates this critical piece of crypto legislation.
As the Senate prepares to vote on the GENIUS Act, the future of stablecoin regulation in the U.S. hangs in the balance.
FAQ
What is a Stablecoin?
A stablecoin is a type of cryptocurrency designed to maintain a stable value by being pegged to real-world assets, like the U.S. dollar.
How Will the GENIUS Act Impact Stablecoin Issuers in the U.S.?
The GENIUS Act will require stablecoin issuers to hold full reserves, comply with audits, and follow anti-money laundering rules.
What Are the Key Requirements for Stablecoin Issuers Under the GENIUS Act?
Issuers must be licensed, hold full reserves, undergo regular audits, and follow anti-money laundering regulations.
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Senate Majority Leader John Thune has informed Republican lawmakers that a vote on the GENIUS Act, a crucial piece of legislation aimed at regulating stablecoins, is expected before the May 26 Memorial Day break. The bill introduced by Senator Bill Hagerty in February and passed by the Senate Banking Committee in March, seeks to regulate …
