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XRP Ledger Shock as Backdoor Found in Key Developer Library

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Key Insights:

  • A significant security breach compromised the XRP Ledger’s official JavaScript SDK through malicious versions published on the NPM registry.
  • Aikido Security detected the anomaly on April 21 when a suspicious user uploaded unauthorized XRPL package versions.
  • The compromised packages included a backdoor silently transmitting private keys to an unverified external domain.

A major security breach affected the official JavaScript SDK of the XRP Ledger. According to Aikido Security, the security vulnerability involving the XRPL NPM package has existed since April 21.

Users of these versions encountered a malicious backdoor that revealed their private keys, thus endangering various applications. User “mukulljangid” from the NPM system released unauthorized package versions, which triggered the security threat.

German Security reported the irregularity to Aikido’s monitoring system, which gave instant notification. XRP Ledger Foundation quickly removed the affected packages from the registry.

The incident generated widespread worries due to the unknown extent of exposure. Numerous developers unknowingly installed these faulty packages in their systems, like the examples highlighted.

The occurrence showcases how cryptocurrency development environments remain under constant security threat.

JavaScript and TypeScript Files Compromised

A secret function intended to transmit private keys by hacked versions of the SDK. External transmission of keys happened through the checkValidityOfSeed software functionality within its source code. The malicious function operated automatically at wallet creation time.

A backdoor function secretly connected to the domain 0x9c[.]xyz. This allowed wallet seed phrases to be transferred unnoticed by users. The backdoor function completely orchestrated the wallet core functionality from within the core SDK logic.

A malicious code was found in compiled JavaScript files from versions 4.2.1 and 4.2.2. The backdoor was introduced to TypeScript source files after the software’s v4.2.3 and v4.2.4 versions. The compilation process of these files resulted in a heightened threat of detection avoidance.

Progressively, the attacker created updated tactics, making it harder for detection systems to identify them. At first, the tampering was done manually before developers integrated it at deeper levels. Multiple version updates throughout v4.2.x indicated sophisticated planning and advanced technical capabilities.

The attack received a second weakness, resulting in the disappearance of development tools. The files are prettier, and specific scripts disappeared from package.json files. This indicated that the attacker desired to stay unseen and challenge debugging attempts.

XRP Ledger Foundation Responds to Breach

XRP Ledger Foundation quickly acknowledged the threat. Studies showed that v2.14.2 and v4.2.1 through v4.2.4 versions were compromised. Security engineers have started developing bug patches and analysis reports to address the incident.

XRP Ledger
Source: X

The widely used Ripple SDK has exceeded 140,000 weekly downloads due to its extensive use throughout the XRP ecosystem.

A large number of internet-based applications fell victim to the attack. Numerous development groups included the compromised package before performing a removal.

Gen3 Games, a development studio using XRP Ledger, avoided the breach by locking dependencies. The pnpm-lock.yaml file used by their team locked specific versions when performing builds.

By chance, their applications avoided potential damage through the protective update system. Gen3’s CTO, Mark Ibanez, emphasized following the best security procedures.

According to his guidelines, team members should avoid using package.json with dynamic versioning. Per him, lockfiles are critical in blocking unplanned updates during deployment.

The Foundation immediately removed all malicious versions when they were confirmed. The developers who needed clarification about the extent of exposure to the malicious updates remain unknown.

Community members check their entire codebases to identify the usage of the vulnerable versions.

XRP Ledger Exposure Reveals System Weakness

The security breach revealed increasing threats in open-source software networks. Fundamental trust in the ecosystem allowed the perpetrator to exploit the situation through unauthorized publishing under trusted package names.

By taking this approach, multiple standard security checks became irrelevant. The unauthorized versions did not align with their GitHub repository tags. This mismatch triggered the first detection signal, revealing potential irregularities.

The automated system from Aikido Security marked the inconsistent package as suspicious just after the unauthorized version was made available.

Blockchain infrastructure requires unblemished supply chains to thrive. The loss of trust within the system makes many connected services likely to experience collateral damage.

This incident demanded stronger practices for managing versions and securely publishing blockchain code. Crypto development environments operate by using multiple third-party libraries as necessary components.

The absence of proper verification allows risks to emerge from commonly used packages. This incident demonstrated the vulnerability of even established ecosystems like the XRP Ledger.

Dogecoin Breaks Out, But $0.17 Resistance Remains Th Key Test

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Key Insights:

  • Dogecoin broke key resistance with an 8% daily surge above $0.17
  • Charts showed a breakout target of $0.195 if $0.17 holds support.
  • Netflows suggest ongoing accumulation as investors hold through the rally.

Dogecoin (DOGE) broke out of multiple ascending triangle patterns, signaling strong bullish momentum. Its price surged by 8% in a day, surpassing the $0.17 mark.

Traders monitored whether DOGE could sustain its level or face a correction. Rising volume and bullish signals added to the uncertainty in the market.

Breakout from Ascending Triangle Pushes Dogecoin Price Higher

Recently, Dogecoin has formed a sequence of ascending triangle patterns, often used in upward price continuation.

Charts from TATrader_Alan confirmed three breakouts across smaller time frames, highlighting strong upward pressure. DOGE’s latest surge pushed its price from $0.164 to over $0.172.

Dogecoin ascending
Dogecoin ascending triangle | Source: Tatrader Alan, X

Moreover, Ali_charts also has another chart showing DOGE breaking out of a larger ascending triangle. With the pattern’s structure and Fibonacci levels, a potential upside target is $0.195.

At press time, Dogecoin was trading at $0.1713 with a 24-hour gain of 8.15 percent and a daily volume of $1.26 billion.

doge usd
Source: X

DOGE has also entered the top 10 cryptocurrencies by market cap, now at 8, with a market cap of $25.52 billion. The ranking shift and the breakout indicate that the asset is gaining traction and activity.

$0.17 Emerges as Key Level for Dogecoin Price to Hold

The breakout is promising, but analysts stress that Dogecoin must recover and hold $0.17 as support. Ali_charts says that failure to stay above this zone could lead to a deeper correction. Long-term Fibonacci retracement levels place the next lower support around $0.06.

dogecoin price chart
Source: X

The weekly chart shows DOGE is nearing the 0.786 Fibonacci level at $0.167, which must turn into support. Traders may gain more confidence if DOGE closes above this on higher time frames.

However, bullish momentum could fizzle out if the price is rejected from current levels and closes below $0.17.

Exchange Netflows Suggest Accumulation Continues

In the past few weeks, DOGE’s netflows have been primarily negative, with outflows exceeding inflows. Generally, negative netflows imply that more coins are exiting exchanges than entering. This may indicate accumulation.

DOGE spot inflow/outflow
DOGE spot inflow/outflow | Source: Coinglass

Spot outflows stayed steady in early April as the Dogecoin price fell toward $0.15. The recent price breakout had no sudden spike in deposits, as netflows remained flat as the breakout began. That could mean investors aren’t yet running to sell into the move.

Patterns were similar before significant upward moves in the historical netflows in late 2023 and early 2024. While netflows alone don’t predict price direction, they do help to add context to the broader market behaviour.

Long-Term Channel Holds as Structure Remains Intact

Ali_charts shows Dogecoin has been rising in a channel since 2019 in a multi-year trend analysis. Previously, DOGE peaked at $0.58 before retracing and consolidating above the 0.618 Fibonacci level at $0.062.

DOGE has been respecting the channel’s midline and bouncing from around $0.14 to current levels. The upper band of the channel could be a long-term target if the trend continues. However, current resistance is around $0.195 to $0.20 using chart projections.

The trend structure remains valid as long as DOGE continues to make higher lows inside the rising channel. However, a failure to hold $0.17 could break the short-term bullish structure and retest previous support zones.

Solana Price Eyes $200 As Galaxy Digital Dumps ETH For SOL

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Key Insights :

  • Galaxy Digital sold $105 million worth of Ethereum and purchased $98 million in Solana, signaling a strong shift in market focus.
  • The firm transferred 65,600 ETH to Binance and withdrew 752,240 SOL, reflecting high confidence in Solana’s future performance.
  • A crypto whale who had previously sold large amounts of SOL returned to the market. They boldly purchased $52.78 million for $141 per SOL.

Solana price surged as market activity intensified following Galaxy Digital’s $105 million Ethereum shift. The firm used the funds to buy $98 million worth of SOL, fueling bullish momentum.

On-chain movements and whale re-entry into the market further boosted confidence in Solana’s short-term upside potential. However, bearish signals on the SOL/BTC pair present challenges for sustained outperformance against Bitcoin.

Solana Price Eyes $200 Amid Positive Trends

About 374,161 SOL came into the possession of an active whale, who first sold 451,594 SOL during April. After initially disposing of SOL assets in April, the whale invested $52.78 million in SOL by purchasing it at $141.

This change suggests renewed optimism and confidence in Solana’s near-term price performance. Fresh SOL wallet activity demonstrates bullish price expectations because a new wallet has staked more than 44,116 SOL tokens.

Solana Positive Sentiment
Solana Positive Sentiment | Source: Santiment

Reducing supply and strengthening buying pressure have supported the Solana price. Increased staking activity shows growing belief in Solana’s long-term network value.

Market sentiment data from Santiment shows a sharp increase in positive views toward Solana over the past two days.

The positive recovery indicators match the growing trend of big investors buying SOL tokens. The market conditions generated by these trends establish favorable conditions for Solana prices to exceed $200 shortly.

Galaxy Digital Bets Big on Solana, Exits Ethereum Holdings

Galaxy Digital recently executed a major crypto portfolio shift by exiting Ethereum and acquiring a significant amount of Solana. The business moved Ethereum worth $105 million to Binance in the form of 65,600 ETH to get back 752,240 SOL.

This move highlighted Galaxy Digital’s confidence in Solana price growth for 2025. The firm’s investment signaled a strong belief in SOL’s future upside potential.

In the past two weeks, the firm’s wallet activity aligns with strong accumulation behavior, reflecting confidence in Solana price trajectory. The SOL withdrawal totaling $98.37 million increases the quantity of institutional involvement in the network.

Significant digital asset funds have changed their capital allocation preference in this new market. Galaxy Digital’s aggressive buy-in has energized market participants, coinciding with growing bullish sentiment around Solana.

While Ethereum faces price stagnation near key levels, Solana shows fresh momentum. On-chain activity coupled with staking rewards has become a key factor institutional buyers use to make token acquisition decisions.

SOL/BTC Pair Shows Weakness Despite USD Price Strength

While Solana gains momentum in USD terms, it remains weak compared to Bitcoin’s recent price surge. Bitcoin surpassed $88,000 for the first time in three weeks.

However, Solana demonstrated weakness by declining beneath its resistance zone. The recent market dynamics indicate underperformance and caution as key elements within the crypto sector.

SOL/BTC Price Chart
SOL/BTC Price Chart | Source: StockCharts.com

The trading pair fell from its 0.0020 zone, where bullish turning points have occurred. A price point failure in the past produced an 82% annual decline, which suggests another significant price correction.

According to historical behavior, this trading pair may reach as low as 0.00036. Analyst Tuur Demeester noted this breakdown could extend Solana’s weakness relative to Bitcoin, despite substantial USD price gains.

While Solana price may rally due to staking and accumulation, it could lag behind Bitcoin in relative strength. The market continues to show divergence as hedge fund managers apply varied approaches. Different automated strategies further shape the dynamics of this trading cycle.

Solana Faces Key Resistance at $140

Pump.fun contributes heavily to Solana’s daily supply, creating additional volatility amid bullish signals. During the last 24 hours, the market received 96,000 SOL tokens, a market value of $13.34 million.

The total sales from this source amounted to 1.818 million SOL, with a value of $324.06 million for 2025. The increased supply from this distribution mechanism reduces specific bullish pressures in the Solana price market.

Users’ staking and accumulation of SOL still contribute to its upward momentum. This new supply entered the market, which was received without a price drop, indicating substantial market demand.

The ability to handle such pressure reflects strength in Solana’s trading environment. ****SOL price must surpass $140 to establish ground for a significant rally. The $140 level remains strong resistance, limiting Solana’s breakout despite bullish sentiment.

Bitcoin Faces $91K Wall As Derivatives Fuel Unsustainable Pump

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Key insights:

  • Open interest jumps 17.4% in 24 hours, raising caution signals.
  • $91K resistance aligns with trader’s realized price level.
  • Inverse head & shoulders hints at short-term breakout potential.

Market data indicates that the latest rally in Bitcoin may not have the strength to push past a major resistance zone around $91,000.

Bitcoin has recently been pushed higher by a sudden increase in open interest and the formation of a technical reversal pattern.

But much of the move seems to be derivative-driven rather than organic buying in the spot market, which is not sustainable.

Derivatives Surge Leads the Price Rally

According to CryptoQuant’s recent data, Bitcoin’s open interest has increased by 17.4% in 24 hours, the largest increase in months.

This is more than previous spikes of 16.4% and 15%, which happened in tandem with short lived rallies in Bitcoin’s price.

The spike in open interest, which is the total value of active futures contracts, was nearly $35 Billion.

Bitcoin oi-change 24 percentage
Bitcoin oi-change 24 percentage  | Source: CryptoQuant

An open interest jump like this indicates increased trader activity and leverage, which typically results in higher volatility. “As we speak, we are seeing the largest 24h Open Interest increase in quite some time,” CryptoQuant analysts said. ‘Historically, pumps driven by derivatives are not sustainable,’”

This implies that the market is driven by speculative bets instead of real demand for spot Bitcoin.

If open interest increases without corresponding spot buying, the market is susceptible to corrections if long positions are liquidated or funding costs rise.

Slowing Momentum Near Resistance Zone

Furthermore, Bitcoin’s price has jumped 4.2% over 24 hours, which is less than the 7.3% and 10.2% increases earlier in this rally cycle.

The price approaching the crucial resistance range between $91,000 and $92,000 is slowing down, which implies that the momentum is dropping.

Bitcoin Momentum Slowing
Bitcoin Momentum Slowing Down | Source: CryptoQuant

This range matches the trader’s realized price, which is in pink in on-chain charts. This line often acts as support in a strong bull trend.

However, it generally acts as resistance when the market is uncertain. Bitcoin is just below this level, and buyers need to come in for the trend to continue.

Bitcoin may see short-term pullbacks unless it gets confirmation of a move above $92,000. Volume and consistency above this level are being watched by analysts before a breakout is confirmed.

The Bull Score on the Chain is Moderate

Currently, the Bull Score Index, a market sentiment model from CryptoQuant, is near 75, which means that the market is still bullish.

Above 60 is generally considered positive market tone, while below 40 is bearish sentiment.

Bitcoin bull score index
Bitcoin bull score index | Source: CryptoQuant

The bull score, though still in the upper range, has declined from earlier highs, indicating that sentiment has cooled a little.

Bitcoin’s price is still in the green shaded bullish zone, but a rejection at $91K – $92K will change that sentiment fast.

This index is a combination of various metrics that demonstrate if momentum is supported by the underlying fundamentals.

Although the current score is a positive one, it is still dependent on increased participation of spot buyers for the price to continue moving upwards.

Technical Chart Pattern Aligns with Price Behaviour

On the other hand, the recent breakout of Bitcoin is in line with a bullish inverse head and shoulders pattern on the daily chart.

It is a formation that is commonly seen during trend reversals and consists of three lows, one central ‘head’ and two higher ‘shoulders’.

Bitcoin inverse head & shoulders
Bitcoin inverse head & shoulders | Source: TaTrader Alan, X

This pattern neckline was around $85,000, and Bitcoin has already surpassed it. A continuation of the breakout would take the target projection from this pattern to $95,000.

Strategy Buys 6,556 BTC: A Bold Bet On Bitcoin’s Future?

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Key Insights:

  • Strategy, formerly known as MicroStrategy, purchased 6,556 Bitcoins between April 14 and April 20.
  • The company spent $555.80 million on the latest acquisition, bringing its total Bitcoin holdings to 538,200 BTC.
  • Strategy’s total Bitcoin investment now stands at $36.47 billion, with an average cost of $67,766 per Bitcoin.

Strategy, formerly known as MicroStrategy, purchased 6,556 Bitcoins between April 14 and April 20. Following the $555.80 million investment, Strategy acquired 538,200 Bitcoins, making its total Bitcoin holdings 538,200.

Strategy’s stock price rebounded nearly 3% following its latest acquisition. This uptick reflects renewed market interest in the company.

bitcoin usd
Source: X

The purchase brings Strategy’s total Bitcoin expenditure to $36.47 billion, with an average cost of $67,766 per Bitcoin. Despite market uncertainties, Strategy has maintained its pace of acquisitions for a second straight week.

The annual earnings from Bitcoin investments reached 12.1%, indicating the company’s sustained trust in BTC as a long-term asset.

Strategy remains the public company with the most significant Bitcoin holdings. It continues to outpace other major entities in the crypto treasury space.

The company demonstrates its dedication to Bitcoin through its continuous buying behavior by increasing its Bitcoin holdings. Two weeks ago, the company acquired additional BTC holdings after purchasing 3,459 BTC worth $285 million.

Strategy Adds 6,556 BTC at $84,785 Each

Strategy acquired 6,556 BTC for $555.80 million, averaging $84,785 per coin during the past week. The recent deal demonstrates the firm’s commitment to Bitcoin as a long-term investment. Under Chairman Michael Saylor, the firm has made its second straight weekly purchase.

This strategic move expands Strategy’s holdings to 538,200 BTC, which cost a cumulative $36.47 billion. As Bitcoin continues to trade in a sideways pattern, the Strategy has focused on long-term gains rather than short-term market shifts.

Despite current market instability, the company does not waver in its investment strategy since it believes Bitcoin deserves future price appreciation. Strife (STRF) stock has appeared on the Nasdaq to help the firm obtain Bitcoin through acquisitions.

The new stock produced by the company seeks to raise more than $20 billion to finance continuous acquisitions. Strategy’s aggressive buying contrasts with market hesitation, emphasizing its commitment to Bitcoin accumulation.

Bitcoin Rally Boosts Strategy Stock Price

Bitcoin rallied to $87,500 on Easter Monday, aiding a slight rebound in Strategy’s stock to $325 in pre-market trading. MSTR’s stock experienced a significant advancement after this price rise because Bitcoin demonstrated strong price compatibility with it.

Strategy’s exposure to Bitcoin is a key market driver for its stock performance. Market analysts foresee an upcoming confirmed uptrend even though Bitcoin has not surpassed the $89,000 resistance point.

Market watchers advise waiting for price clarity since the price level has not been confirmed through a breakout pattern. Despite this, the continuous acquisitions by Strategy hint at expectations for a potential upward breakout soon.

The company’s stock market performance tracks Bitcoin price changes because investors actively respond to Bitcoin developments. Due to its substantial holdings, Bitcoin’s price patterns directly influence the Strategy’s financial positioning.

Metaplanet, ANAP Follow Strategy’s Bitcoin Approach

While Strategy remains the leader in Bitcoin reserves, other companies steadily increase their exposure to the digital asset. Metaplanet acquired 330 more bitcoins worth $28.2 million and now holds 4,855 BTC.

Due to its investment expansion, the organization has secured the 10th position among global public Bitcoin holders. A Japanese retailer, ANAP, entered the Bitcoin market with a $70 million investment. This move came despite stagnant market conditions at the time.

Public companies are steadily increasing their Bitcoin holdings. This trend follows a growing business strategy that views Bitcoin as a valuable asset for long-term positioning.

Metaplanet made another cryptocurrency purchase of 319 BTC, strengthening its overall crypto holdings. The company is set to achieve Bitcoin holding levels similar to what other leading organizations have established.

SHIB Burn Rate Skyrockets 825%: Is A Major Price Move Incoming?

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Key Insights:

  • SHIB community recently recorded an 825% surge in the token burn rate within 24 hours.
  • Over 26.4 million SHIB tokens were permanently removed from circulation during this burn event.
  • SHIB’s total burned tokens have reached 410.7 trillion since the burn initiative began.

Shiba Inu (SHIB) community witnessed a massive surge in token burn activity over the past 24 hours. Shibburn reports that 26.4 million SHIB tokens exist permanently outside of circulation.

The fast-blasting increase of 825% in the burn rate demands analysis into how it will affect SHIB’s future price movement.

From the start of this initiative, the Shiba Inu token burn quantity has exceeded 410.7 trillion. During this period, the market showed strong enthusiasm. Meanwhile, SHIB saw a modest price increase, holding steady at $0.00001233.

After generating market positivity through the burn, the market shows conflicting indicators in the short term. The burn mechanism of SHIB supports supply management and develops community-based support for the cryptocurrency.

Attention shifts towards market response after the reduction of circulating supplies becomes complete. Market observers are waiting to determine if this recent burning activity will overcome resistance to the Shiba Inu price.

SHIB Holds Above 20-Day EMA Level

During the previous session, changes in the SHIB market caused prices to reach $0.00001255. However, they later encountered light resistance.

The movement enabled Shiba Inu to recover the 20-day Exponential Moving Average, which totaled $0.00001220. The price movement shows potential, but technical analysis indicators indicate short-term market confusion.

shib price
Source: X

The current Relative Strength Index indicator reached 51.32. This positioned the momentum sector in a neutral condition across the measurement midpoint.

The RSI-based Moving Average sits at 47.95 while showing a lower position, validating no significant market trend. Weak momentum exists according to the Moving Average Convergence Divergence (MACD) indicators because their figures show minimal change.

SHIB/USD 24-hour price
SHIB/USD 24-hour price chart | Source: TradingView

The current MACD indicator stood at -0.00000005 below the signal line at -0.00000013. These values demonstrated negligible differences, indicating minimal forces pushing SHIB upward or downward.

To reach its next meaningful price movement, Shiba Inu needs a decisive external factor, as its momentum remains sluggish.

SHIB Trades Near Critical Liquidation Zone

The current price position of SHIB rests within a crucial liquidation area at $0.00001237. This holds numerous leveraged long positions.

Most leveraged long positions between 25x and 100x face automatic closure. This risk increases as price drops continue. Short-term market selling activity will likely commence if prices fall below this point.

SHIB liquidation data
SHIB liquidation data | Source: Coinglass

Market data showed traders have set up their short positions starting from the $0.00001282 price level. This suggested strategic positioning in response to market trends.

An intense price rise will likely wipe out numerous bearish traders, leading to an additional upward market movement. The position of competing zones against each other forms a constrained trading area, thus boosting the likelihood.

TREAT Token Misinformation Sparks Official Clarification

Shiba Inu developer Kaal Dhairya addressed recent confusion regarding the TREAT token’s availability across different blockchains. The TREAT token became available on the Ethereum network in January 2025.

However, the project did not initiate other blockchain expansions. Reports about false impersonator tokens surfaced on Solana and Base before Dhairya issued the statement.

https://twitter.com/kaaldhairya/status/1914075294601793801

A compromised social media account labeled “Shiba Inu Treat” contributed to the misinformation, leading to fake token deployments. The team leader advised all users to avoid contacting these unverified token versions.

According to him, the Ethereum deployment stands as the sole legal TREAT version at the present moment. The statement clarifies the scams after scammers started using SHIB branding to advertise unauthorized assets.

Core members who serve as situation monitors have paid attention to this action. The team stays devoted to community protection as they work to provide clear updates and vital information to members.

Lucie Urges SHIB Users to Stay Alert

SHIB community member Lucie published an alert notice about the increasing scams affecting the network. She acknowledged the difficulty of removing bad actors while dedicating herself to distributing accurate information.

Staff members, along with other SHIB efforts, work to defend SHIB’s reputation while protecting token owners.

https://twitter.com/LucieSHIB/status/1913832012269457772

Rising numbers of imitation tokens and deceptive promotional activities confuse purchasing customers. Team leaders make it essential for users to validate their sources when working with tokens that carry the SHIB brand.

The expansion of fake projects demands that people maintain effective communication across various networks.

PlanB Slams Ethereum As “Centralized”: Is ETH Losing Its Edge?

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Key Insights:

  • PlanB renewed criticism of Ethereum by targeting its Proof of Stake model and questioning its decentralization.
  • Ethereum price has fallen nearly 60% since late last year, and its dominance in the crypto market has weakened.
  • PlanB emphasized Ethereum’s pre-mined supply and flexible monetary policy as major concerns for long-term credibility.

This week, a new wave of criticism hit Ethereum as prominent Bitcoin analyst PlanB reignited debate over ETH’s long-term value. ETH lost approximately 60% of its value from year-end, driving its BTC trading pair to reach a historic nine-year low.

Ethereum’s dominance in the crypto market has dropped to its lowest level in five years. This shift reflects changing market dynamics and investor sentiment.

ethereum
source: X

This criticism intensified as PlanB targeted Ethereum’s fundamental structure, mainly its Proof of Stake (PoS) consensus. He raised concerns about ETH’s centralization, pre-mined supply, and shifting monetary policy.

The market paid close attention to these remarks after Ethereum failed to meet expectations in the 2024 period. In contrast, ETH proponents defended the network, pointing to its increasing relevance in stablecoin transactions and real-world asset integration.

They highlighted Ethereum’s role in processing more transaction volume than traditional payment systems. Despite ongoing price pressure, the Ethereum ecosystem grows across stablecoin and smart contract usage.

PlanB Renews Criticism Against the Structure of Ethereum

PlanB criticized Ethereum’s use of Proof of Stake, arguing it increases centralization by favoring large token holders.

He compared Ethereum’s model to Bitcoin’s Proof of Work, which he believes maintains better decentralization. This view gained momentum as Ethereum continued to lose market share against Bitcoin.

eth price
source: X

A post from Vitalik Buterin from 2022 targeted PlanB’s Stock-to-Flow Bitcoin model in an analyst’s revisit of this content. Using this reference, PlanB highlighted Ethereum’s current decline as evidence of flawed tokenomics.

The analyst suggests that adjustable supply mechanisms have impacted ETH’s decentralization. Additionally, pre-issue distribution played a role in its loss of status as a decentralized asset.

eth price
source: X

He also pointed out Ethereum’s early-stage pre-mining, where 72 million ETH were distributed before launch. He explains that such distribution has resulted in an uneven control setup inside the Proof-of-Stake system.

According to him, the system’s nature opposes decentralization while offering excessive decision-making control to a narrow group of entities.

PoS Model Raises Questions About Security

Ethereum’s transition to PoS through The Merge drastically cut its energy usage but raised concerns about long-term decentralization. Network security might suffer due to the criticism that the Pos implementation depends on rich validators for consensus.

Although more energy-efficient, this change created uncertainty about Ethereum’s future dominance. Crucible Capital executive Meltem Demirors described the switch as an error costing trillions.

She claimed that Ethereum’s switch diluted its role in GPU innovation and core protocol strength. This argument resonated with some who view ETH’s shift as a break from its original decentralized vision.

PlanB and other analysts suggest that the proof-of-stake consensus mechanism benefits large investors. At the same time, they argue that it reduces the resilience of network operations.

They believe the supply flexibility of Ethereum allows protocol changes that can impact economic policy without community consensus. The ongoing negative outlook about ETH persists because of its declining market valuation.

RISC-V Upgrade Aims to Boost Ethereum

In response to the criticism, analyst Danny Marques emphasized ETH’s expanding role in digital payments and asset management. He noted that Ethereum-based stablecoins processed $14 trillion in 2024, surpassing Visa’s $13 trillion.

Marques used this to argue that Ethereum’s utility continues to grow despite market volatility. A recent Bitwise report confirmed that over 50% of the global stablecoin supply is based on the Ethereum network.

Stablecoin Transactions vs. Visa Payment
Stablecoin Transactions vs. Visa Payment | Source: Bitwise

According to Marques, Ethereum’s strong position in stablecoin infrastructure makes it an influential member of financial ecosystems. This development reflects Ethereum’s integration into real-world payment frameworks and financial products.

eth price prediction
source: X

Additionally, the Ethereum network hosts over 56% of all real-world asset value recorded on blockchains. The traditional financial market incorporates digital instruments such as stablecoins and tokenized bonds, while providing other digital instruments.

Supporters argue that this foundational role positions ETH for future adoption despite temporary price challenges. Despite the criticism, Ethereum developers continue advancing the network through performance and scalability upgrades.

Co-founder Vitalik Buterin recently proposed replacing the Ethereum Virtual Machine with RISC-V architecture. This shift could improve smart contract performance while preserving compatibility with existing code.

Bitcoin vs. Gold: Will BTC Rise or Fall? Experts Debate Future

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Key Insights:

  • Bitcoin surged by 3.44%, briefly crossing $87,700 before settling above $87,100, showing renewed market momentum.
  • Fundstrat’s Tom Lee expects Bitcoin to rise further now that market deleveraging has eased and pressure has reduced.
  • Gold reached a record high in early April and continues to gain amid growing global economic uncertainty and volatility.

Bitcoin (BTC) surged by 3.44%, briefly surpassing $87,700. It later stabilized, holding above $87,100. Meanwhile, gold hit a new all-time high in early April and continues its upward momentum.

Experts debate whether Bitcoin will continue its upward momentum or undergo a deep correction. Shifting market forces play a key role in determining its next move.

Bitcoin Breaks Resistance Amid Market Rebound

Bitcoin value rose to $87,700 this Sunday after surpassing previous market boundaries and then regressed slightly. BTC maintained trading at over $87,100 despite its temporary price reduction because continued buying signals persist.

Since the start of last week, the token’s price has climbed 4.56%, indicating that buying pressure continues building. The technical indicators show an upward trend, which suggests initiating a new business cycle.

The Relative Strength Index demonstrated 57.72 strength. This exceeded its moving average of 50.12 because it continues growing upward. The MACD line now surmounts the signal line, since the indicator displays increased momentum through green histogram bars.

BTC/USD 24-hour price chart
BTC/USD 24-hour price chart| Source: TradingView

The Aroon indicator showed both Aroon Up and Aroon Down at 0%, confirming the breakout due to strong bullish momentum. Market participants indicated that Bitcoin successfully moved beyond its previous period of consolidation.

Market sentiment has turned positive according to trader signals, which prompt immediate reactions on their part.

Lee Predicts Bitcoin Growth Over Gold

Fundstrat’s Tom Lee expressed confidence in Bitcoin’s long-term potential and sees room for growth compared to gold. He believes the recent deleveraging period has held Bitcoin back, especially during weekend trading. Now that the pressure is off, he expects Bitcoin to climb further.

Lee pointed out that BTC lagged behind gold while institutions were selling off digital assets to manage risk. As gold steadily climbed, Bitcoin remained under $85,000 until this weekend’s surge.

The relaxation of deleveraging constraints makes him believe that crypto assets can succeed as an alternative to the United States dollar.

BTC price
Source: X

According to Lee, Bitcoin has significant upside as the market rebalances, and traditional assets face mounting pressure.

He views BTC’s current level as a base for further gains, not the peak. According to his assessment, Bitcoin can achieve equal value to gold over the following few years.

Gold Prices Rise as Markets Falter

Gold achieved its highest-ever price point at the start of April while sustaining its growth trajectory due to rising market demand. Research shows market participants buy safe-haven assets due to stock and bond market instability.

Joe Kernen noted gold’s consistent upward movement as Bitcoin struggled to break through resistance. Gold exhibits stable pricing patterns alongside a significant decline in equity market values of the S&P 500 and Nasdaq.

The commodity is the preferred choice for value storage during financial distress, particularly as inflation anxiety increases. Kernen believes that under current market conditions, gold will climb to reach $4,000 per ounce.

Market conditions favor strong gold prices as central banks maintain high demand. Additionally, global uncertainties continue to grow, reinforcing gold’s stability.

The combination of economic changes, rate prediction, and geopolitical events has increased the demand for precious metals. Non-dollar assets show that gold holds the top position in performance records for the current year.

Bloomberg’s Mike McGlone Warns of BTC Collapse

In contrast to bullish views, Bloomberg Intelligence’s Mike McGlone sees a bleak path for Bitcoin in the near term. He predicted that Bitcoin could collapse to $10,000, citing its correlation with broader financial markets.

According to McGlone, the combination of a deflationary recession will result in downfalls across all risk assets, including cryptocurrency.

BTC Price
Source: X

According to him, the S&P 500 index has a target of 4,032 while crude oil prices may settle at $40 per barrel. These expectations reflect his bearish stance on macroeconomic trends and their influence on BTC.

According to McGlone, Bitcoin could fall sharply from its $100,000 projection to just $10,000. This prediction highlights concerns over market volatility and shifting economic conditions.

Whale Turns Bearish On HYPE Price: Shorts Trigger $17.50 Drop

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Key Insights:

  • Whale places $1.71M in shorts on Hyperliquid (HYPE) near the $18.90 resistance zone.
  • Futures open interest climbed to over $600M as HYPE price recovers.
  • 18.6M HYPE bridged to HyperEVM, signaling fast-growing ecosystem use.

A major whale placed short orders worth $1.71M, impacting market movements. Following this, HYPE Price is now seeing discovery near $17.50.

Open interest has surged to $600M, reflecting strong market momentum. Meanwhile, HyperEVM adoption is accelerating, with over 18.6M HYPE bridged in just six weeks.

Futures Activity Grows as HYPE Price Approaches Key Zone

Open interest in HYPE’s futures market has steadily grown from under $400 million on April 1 to over $600 million on April 19. The increase indicated rising trader participation from new speculative entries or hedging. HYPE price rose from around $11 to over $17.50 during the same time.

HYPE futures open
HYPE futures open interest (USD) | Source: Coinglass

Open interest rising in tandem with price rising usually means momentum building. However, it can also draw in short sellers looking for a reversal. Daily volume has supported this move. It has consistently traded between $100 million and $400 million in the past two weeks.

HYPE volume
HYPE volume | Source: Coinglass

On April 10, there was a notable spike with volume exceeding $600 million. This pattern is a strong participation pattern, but also sets up potential volatility at current price levels.

HYPE Price Meets Resistance as Bearish Setup Forms

Hyperliquid bottomed near $10.32 earlier this month and was recovering, reaching a high around $17.55 on April 20. The daily chart showed that HYPE price was testing resistance between $17.30 and $18.90. This is the same area that has capped upward moves in the past.

HYPE/USD Price
HYPE/USD Price Chart | Source: TradingView

Two possible outcomes appear. A move above $18.90 could start a move to $27.22. However, HYPE price could return towards $14 or lower if current levels cannot be held.

Upward momentum is supported by the MACD crossover earlier this month, but the resistance zone is a key decision point.

Whale Short Triggers Sentiment Shift Near Local High

Spot On Chain highlighted that a whale deposited $5.1 million USDC into HyperLiquid on April 20. Shortly after, the whale placed short orders for 91,267.52 HYPE, valued at approximately $1.71 million.

These orders were executed at price levels ranging from $18.50 to $18.90. These orders were placed at the upper end of the recent HYPE Price range. This suggests anticipation of a local top or a potential downswing.

The price has stalled near a resistance level. Short positions have formed at this stage, potentially contributing to downward pressure.

The whale’s move brings caution to a steadily rising price trend. In the coming days, price will determine whether this will trigger further selling or be reversed by a short squeeze.

Adoption Growth Adds Long-Term Strength

Although short-term positioning may change, the adoption of HyperEVM is growing. As of April 20, 18.6 million HYPE tokens have been bridged into HyperEVM. On March 3, this figure was just 0.81 million. Demand for bridging has increased more than twentyfold in under two months.

HYPE bridged to HyperEVM
HYPE bridged to HyperEVM over time | Source: X

The more HYPE is used within applications, the more it can support long-term value. The rise in futures interest also brings context to the recent surge as more users participate in trading and ecosystem usage.

Technical resistance holds in the short term, but continued usage may support the price in the long run.

Bitcoin Adds Broader Market Support

A MACD crossover and a falling wedge breakout have helped Bitcoin break above a long-term descending trend. The move has improved overall market sentiment, often resulting in inflows into alternative assets such as HYPE.

Bitcoin MACD
Bitcoin MACD crossover | Source: X

Even as large players turn bearish near current levels, the strength in Bitcoin could be a support factor for HYPE. With ecosystem activity growing, traders may see dips in HYPE as buying opportunities if Bitcoin continues to rise.

Cardano Teeters On Breakout Edge—Will ADA Skyrocket 27% Soon?

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Key Insights:

  • Cardano’s price is approaching a possible breakout as it trades within a tightening symmetrical triangle pattern.
  • ADA is trading at $0.6424 after gaining 4.3 percent in the last 24 hours.
  • Technical analysis suggests a breakout from the triangle pattern could result in a 27% price increase.

Cardano’s (ADA) price shows signs of nearing a significant technical breakout as it hovers within a tightening symmetrical triangle pattern.

With recent upward movement and increased attention from analysts, ADA’s potential for a major move is rising.

Despite current hesitation in market sentiment, technical indicators hint at a turning point that could push ADA upward by 27%.

Symmetrical Triangle Hints ADA Price Surge

Cardano has been consolidating within a symmetrical triangle, which has been forming steadily since the beginning of April 2025.

The price movement will occur soon since market equilibrium is being established. Nonetheless, ADA maintains a trading position of $0.6424, which increased 4.3% throughout the past 24 hours.

Bull and bear traders push prices toward each other as the pattern develops through decreasing price margins.

According to technical analysis by crypto analyst Ali Martinez, symmetrical triangles maintain the existing market trend while forming.

The price could experience sizable gains if it breaks out in the same direction it was previously headed.

ada price
Source| X

Analyst projections indicate that Cardano might have initiated its breakout phase from this pattern.

Confirming pattern breakout can generate price increases as high as 27% because symmetrical triangles normally display these move patterns.

ADA Holds Steady Amid Mixed Signals

Despite the promising chart pattern, the current sentiment surrounding Cardano remains split.

According to CoinCodex, ADA maintains a neutral sentiment, while the Fear & Greed Index stands at 39, which signals market fear.

The market exhibits caution through inconsistent indicators despite bullish technical trends.

Cardano has recorded 14 green days in the past 30 days, representing a 47% positive day ratio.

ADA remains with a slight upward bias, yet its value decreased by almost 10% throughout the same timeframe.

The 7.31% indicates a moderate yet stable price volatility during the last 30 days.

CoinCodex predicted through statistical modeling that ADA would increase in value to 18.55% by May 21, 2025.

Organizations project ADA’s performance will reach current levels, but the price will not reach its maximum breakout potential.

The projected price movement depends on the market’s performance compared to technical pattern indications.

Cardano Technical Indicators Signal Market Stalemate

The current technical readings suggest high levels of market confusion because clear momentum signals remain absent.

The Relative Strength Index (RSI) measures 45.29 while its moving average is 44.21. At this point, between buying and selling pressure, the market registers neutral indications.

Evaluating the Moving Average Convergence Divergence (MACD) reveals weak momentum development.

The MACD currently sits at -0.0187 below the -0.0235 position of the signal line. Data from the histogram shows 0.0048 as further evidence that a bullish crossover does not currently exist.

ADA 24-hour price
ADA 24-hour price chart | Source: TradingView

The Chaikin Oscillator is currently in a deep negative position of -9.98 million. The analysis shows continuous distribution activities accompanied by capital movement out of the market.

The ongoing downward trend will probably keep ADA in a trading rut or cause slight market decreases until it reverses direction.

Cardano Funding Rate Flips Show Uncertainty

Derivatives data illuminates existing market situations and reveals sporadic trading actions.

Ada’s funding rate continues to flip between positive and negative values, reflecting divided sentiment among market participants.

The shifting funding rates maintain equilibrium between traders holding positive and negative market expectations.

ada price prediction
Source| X

During periods of stable prices, the funding rate exhibits unpredictable behavior.

From early through mid-March, it showed primarily negative values and then transitioned to alternating patterns. This market instability strengthens the derivatives market’s indecision.

The analysis of open interest reveals that market participants maintain no clear direction regarding ADA’s next move.

The ADA price consolidation matches the symmetrical triangular pattern where market traders show equal interest in both direction bets.

Higher momentum and growing volume usually lead to a short-term breakout from the current price range.

Dogecoin Price Analysis: Triangle Squeeze Signals Potential 93-Day Bull Run

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Key Insights:

  • Dogecoin has ended a 159-day downtrend, matching past pre-rally patterns.
  • RSI crosses 50, signaling a momentum shift toward a potential bullish phase.
  • Spot inflows and outflows stabilize, indicating reduced market volatility.

After a 159-day downtrend, Dogecoin’s price structure is breaking out. RSI has crossed above 50, and a triangle squeeze pattern has formed.

Traders are now looking for a possible 93-day rally to start as inflow and outflow activity stabilizes.

Dogecoin Trends Show Symmetry in Repeating Price Cycles

Trader Tardigrade shows that Dogecoin may be completing a repeating cycle on a long-term chart.

The chart shows two previous 159-day price declines, followed by 93-day sharp rallies.

DOGE/USD
DOGE/USD | Source: X

Dogecoin in the earlier example from 2024 fell steadily for 159 days and then rallied for 93 days. During that rally, the price rose from around $0.09 to over $0.43.

A possible move higher could develop over the next three months if the pattern repeats.

The symmetrical structure doesn’t mean price will move, but it has been true for the past two full cycles. And it may provide a framework to explain how traders respond to this phase.

Triangle Squeeze and RSI Rebound Point to Momentum Shift

Additional technical signals are also seen on shorter-term charts. On the 4-hour chart, Dogecoin has printed a triangle squeeze pattern.

This happens when price volatility decreases and the difference between highs and lows shrinks. Usually, these setups show up before a price breakout in either direction.

Doge triangle squeeze
Doge triangle squeeze | Source: Tatrader alan, X

Since the beginning of April, the pattern has held, and the candles of recent days show increasing price action around the $0.154 level.

The upper trendline has held steady, while the lower trendline continues to push higher. This may cause a breakout in the near term.

Moreover, another chart of Dogecoin reveals that it just broke out of a descending trendline.

However, at the same time, the Relative Strength Index (RSI), a key momentum indicator, had crossed above 50.

Doge trend reversal
Doge trend reversal | Source: X

Traders sometimes take an RSI crossing from below 50 to above 50 as a signal that bullish momentum is starting. Dogecoin rebounded from its short-term low at $0.150, and this crossover took place.

Spot Inflows and Outflows Reflect Caution but Stabilization

Dogecoin’s spot inflow and outflow trends since June 2023 are shown in the following CoinGlass chart.

The strongest outflows were recorded mid-November 2024, with values reaching around $6.5 Billion.

It was also a steep rally, with Dogecoin’s price jumping from around $0.10 to $0.4.

DOGE spot
DOGE spot inflow/outflow | Source: CoinGlass

Inflows were consistently rising from November to January, while outflows remained strong. Dogecoin was also at a local peak near $0.390.

But since February 2025, inflows and outflows have been evened out. Now, daily movements are much smaller, usually under $500 Million.

It implies less aggressive buying and selling activity but also indicates a more stable trading environment.

At the same time, the price has been relatively flat, between $0.14 and $0.2.

The signals in the technical charts could be supported or challenged by a sustained change in flow data.

Confirmation of renewed demand may be watched by traders who look for stronger inflows.

Early Uptrend Possibility Market Structure

On the recent 4-hour chart, the price structure has changed from downtrend to uptrend.

The shift became clearer when Dogecoin broke above a descending resistance line and formed higher lows. The move came with stronger volume and a breakout candle.

In past cycles, RSI’s move above 50 has signalled the beginning of bullish phases.

This indicator has often moved early in a trend, and the price has not moved sharply yet.

Traders may consider this a stronger confirmation if RSI continues upward and price follows with higher closes.

Next, we have resistance levels to watch out for around $0.18 and $0.21. These are areas where price previously stopped or reversed.

The support stays around $0.145, which has held on several occasions since early April.

Volatility could still rise, but the signals are now more favourable for a trend continuation after a long downtrend.

Cardano And Dogecoin Show Recovery Signs As Market Turns Bullish

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Key Insights:

  • The overall cryptocurrency market is gaining strength, with a total market capitalization rising to $2.66 Trillion.
  • ADA tests a key support-turned-resistance level near $0.60, which could signal a shift if broken upward.
  • Dogecoin is showing renewed strength and is trading at $0.1559 after bouncing back from a low of $0.151.

The cryptocurrency market is showing renewed strength, with Cardano (ADA) and Dogecoin (DOGE) beginning to recover recent losses.

Both digital assets are gaining momentum as market sentiment turns positive and key indicators shift direction.

While ADA and DOGE faced downward pressure last week, new signals suggest a potential for upward movement.

Cardano Eyes Breakout as Momentum Builds

Cardano rebounded from a recent low of $0.5165 and was trading at $0.6186, reflecting a 0.07% drop.

Intensified growth in the market manifested through a total crypto market cap reaching $2.66 Trillion with a 0.91% upward movement.

The altcoin stands near an essential support zone, which used to act as resistance at $0.60.

cardano price
Source: X

Analysts note that Cardano is now positioned on a short-term support trendline, creating a potential setup for a trend reversal.

For this shift to gain strength, ADA must close a 4-hour candle above $0.67, confirming market interest.

After an eventual breakout, the next critical price target for ADA will most likely be $0.70, as per near-term forecasts.

Technical expert AMCrypto highlights that ADA’s recovery coincides with a broader bullish pattern across the crypto market.

However, the major upward price moves may face obstacles because of external geopolitical conflicts, mainly between US-China relations.

Until global trade stability returns, ADA may continue testing support and resistance within a narrow trading range.

ADA May Retest Key Support Zones

Another market observer, Bit Bull, identified a rising wedge pattern on the 4-hour ADA/USDT chart.

The technical pattern, which has been developing since early April, displays characteristics of downside pressure, which is recognized for its bearing on price movements.

The pattern’s upper boundary may act as resistance, potentially pushing ADA lower in the short term.

4-hour ADA|USDT chart
4-hour ADA|USDT chart | Source: BitBull on X

According to Bit Bull, an upper wedge edge retest will occur before ADA moves towards its support areas.

According to him, the strategic support levels start at $0.60, move towards $0.55, and finish at $0.52.

Unless ADA breaks the pattern with strong volume and momentum, this outlook may delay a broader rally.

Despite this short-term pattern, ADA holds strong long-term potential if market conditions remain favorable and buying pressure increases.

Professional analysts predict that ADA price movements above the descending trendline will likely result in $1.51 as a prospective target.

Traders who seek entry positions before price breaks the patterns will watch the major support zones near technical levels.

Dogecoin Pushes Higher Amid Positive Sentiment

Dogecoin was trading at $0.1560, up 0.6% at press time. It showed strength after recovering from a sharp drop to $0.151.

This rebound highlights DOGE’s resilience, as buying pressure supports price action amid improving sentiment across the crypto market.

The meme coin reaches attention because its active community works with bullish price predictions.

Crypto analyst STEPH IS CRYPTO predicts DOGE could reach $2 within three months, citing strong demand and a positive market structure.

CryptoSurf embraces this prediction that the coin will reach above $1 within the next term due to its continuous market momentum.

These projections reflect growing enthusiasm as Dogecoin outpaces many altcoins in recovery strength.

dogecoin price chart
Source: X

Dogecoin’s current price structure shows bullish continuation, though sustained growth depends on volume and broader market behavior.

If DOGE maintains support above $0.150, it could build toward the $0.20 level in the coming weeks.

After facing resistance at these critical zones, the price may undergo temporary periods of stagnation or small pullbacks.

XRP Eyes ETF Catalyst As Price Holds Near $2 With Bullish Hopes

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Key Insights:

  • XRP is trading at $2.05 after a daily loss of 0.59%, showing steady momentum above the $2 level.
  • The digital asset has gained 2.68% over the past week, despite being around 37% below its recent three-month high.
  • Community discussions are intensifying around the potential impact of an XRP ETF as a major catalyst for price growth.

The XRP price maintains its forward direction because the cryptocurrency price has remained above $2 during trading sessions.

The XRP coin achieved a daily increase of 1.5%, raising its value to $2.10. With renewed optimism, discussions around the XRP ETF are gaining pace as the community anticipates strong catalysts.

XRP has achieved 5.6% growth during the week, yet remains 36% below its current three-month peak price.

The market shows strong optimism due to promising upcoming developments. Among these, the potential introduction of XRP ETF products stands out as a leading narrative.

The support area near critical levels prompts analysts and key community members to suggest ETF interest as the primary trigger.

The supply of XRP will decrease because institutional investment is expected to rise. An asset price increase is expected because of a supply contraction within the market.

XRP ETF Demand Grows Among Institutions

Several asset managers are actively pursuing the launch of an XRP ETF amid growing demand for crypto investment products.

Major administrative entities, including Grayscale, Bitwise, and Franklin Templeton, now exhibit enhanced institutional interest in including XRP on their investment lists.

As these managers introduce their investments, XRP’s market demand will rise considerably.

Franklin Templeton’s large asset base, above one trillion dollars, has sparked widespread interest in its involvement.

The financial management assets handled by Bitwise and Grayscale reach $50 Billion and $12 Bllion, respectively.

The multiplication of institutional interest from these finance companies will increase XRP’s adoption by conventional banking industry participants.

More asset managers are applying for XRP ETF approval than any other altcoin-based product.

The market demonstrates an obvious move toward investigating new applications of the asset.

The market’s growing interest indicates anticipation for regulatory approval to let ETF products that link to XRP emerge.

XRP Supply Drops as Demand Grows

XRP ETF approval is expected to pull tokens from circulation as fund managers buy and hold shares.

The buying activities generated by fund managers would decrease XRP tokens in open market circulation, thereby preparing conditions for a price increase.

Under such circumstances, the ongoing demand will support a prolonged upward price trajectory.

Influencers observed the inflow of ETFs as withdrawn XRP volume, which removes substantial amounts of XRP tokens from retail markets.

Purchasing each ETF share leads to an XRP token withdrawal from circulation, thus decreasing the tokens available for trading.

When supply decreases, the market prices usually rise because demand remains active.

XRP demand rises daily due to its sustained use within payment systems and continued preservation by financial market operators.

ETF inflows join with established requirements to generate double the consistent demand.

These different market elements indicate that the XRP price could experience an upcoming breakout.

Legal Clarity May Shift BlackRock Stance

Not all analysts agree on how significant the XRP ETF effect will be.

Due to BlackRock’s dominant position as an issuer, the major change will come with an XRP ETF issued by BlackRock.

The large number of firms that have applied does not guarantee equivalent levels of market interest.

Nearly $40 Billion in money flows into BlackRock’s Bitcoin ETF, which surpasses all other ETF providers in terms of capital.

The crypto fund products of WisdomTree and Invesco obtained very little investor capital compared to BlackRock’s Bitcoin ETF.

The collected data demonstrates that brand awareness and reputation are fundamental factors for ETF acceptance by potential investors.

Still, rumors suggest BlackRock may be re-evaluating its position on XRP ETF products.

During the Ripple-SEC lawsuit period, the firm seemed to show little interest due to regulatory uncertainties.

Since legal uncertainties have lessened, there are revived expectations of increased interest.

ETF Demand Could Reshape XRP Ranking

Some experts have modeled scenarios based on projected XRP ETF inflows and their market effects.

The market expects XRP to reach prices exceeding $20 when daily investments surpass $500 Million.

The price would rise three times if XRP acquired half the volume of Bitcoin-based ETF inflows.

JPMorgan’s internal forecast indicates $8 Billion in inflows for XRP ETFs within the first year of approval.

Many leading crypto executives have validated the same number. The anticipated token inflow would deliver substantial changes to the market position of the token.

The market capitalization of XRP may potentially exceed other alternative coins’ values according to different predictions.

The creation of ETFs focusing on XRP could potentially boost its position to become one of the three largest digital assets according to some industry analysts.

The particular outcome depends on institutional participant demand along with regulatory permission.

Analysts See XRP Price Falling Before Possible Rally To Double Digits

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Key Insights:

  • XRP Price traded at $2.05 today, recording a loss of 0.41 percent as the crypto market stayed positive.
  • Trading volume fell by 27.28 percent to $2.11 Billion, indicating reduced participation during the session.
  • Analysts expect a short-term pullback with possible dips to $1.85, $1.4, or even $1.29 before any strong rebound.

XRP Price traded at $2.09 today, gaining over 1%, while the broader crypto market maintained its upward momentum.

However, trading volume dropped by 6% to $3 Billion, reflecting reduced activity during the session.

Despite recent gains, analysts believe a short-term pullback could send the XRP Price lower before any significant rebound.

XRP Price Faces Pullback Before Breakout Signal

XRP Price operated within a constrained trading area during the day, reaching up to $2.12 and declining to $2.06.

The recent rise in Futures Open Interest stands at 0.5%, with totals reaching $3.09 Billion, indicating that market traders maintain their interest in the market.

Market experts predict that this price stability is likely to change during the upcoming days.

Prices for XRP stayed firm throughout the day, but different analysts highlighted different chart weaknesses.

The technical indicators indicate that XRP might fall to $1.85 and potentially reach $1.4 levels.

Market analysts consider these particular price ranges the most probable destinations prior to any potential upward movement.

The five-day chart can confirm a breakout when the XRP Price successfully maintains closing values above $2.30 to $2.50.

A lack of such verification creates conditions for additional price decreases.

Expert analysts state that short-term price corrections form the natural pattern before significant market movements occur.

EGRAG Predicts Volatility in XRP Market

A technical analysis from EGRAG CRYPTO suggests a price movement to $1.4 during a bearish period before price recovery becomes possible.

The pressure for prices to decline might continue until a stable close gains momentum at $2.30.

According to his analysis, fundamentals played a minimal role in price fluctuations, which could be caused by shifts in market narratives.

xrp market
Source: EGRAG CRYPTO on X

According to his analysis of historical data, macro events frequently cause markets to shift downward quickly.

Previous market disturbances occurred right after statements, including mining prohibitions and international trade decisions, were announced.

He supports his view that businesses use price drops strategically by showing similar market patterns.

XRP Price is located within a region that will lead to a rise in price volatility, according to his assessment.

These areas generate confusion across trader groups just before substantial market movements emerge.

Because of this, he stays out of the market while maintaining his predetermined holding positions.

Martinez Expects XRP Pullback Before Rally

Chart analyst Ali Martinez shared a similar outlook, warning of a pullback to $1.29 based on historical technical formations.

The analyst relied on well-recognized chart patterns defined by Thomas Bulkowski, which formed the basis of his evaluation.

The patterns tend to create a downward movement before progressing upward.

XRP Price chart
Source: Ali Martinez on X

According to Martinez, the market actions represent a strategy used to refresh industry standings and remove unprofitable market players.

Pre-large market gains tend to have such retracement events. XRP Price may register a short-term decrease during the upcoming market period.

Despite this, both analysts still target higher valuations in the long run.

Analysts predict price targets of $7.50 and $13 will appear, followed by another prediction of $27 during the long-term development.

During this corrective period, both experts agree that traders should stay patient.

JPMorgan Predicts XRP Price Rise to $15

Recent updates to the Ripple vs. SEC case have added further uncertainty to the XRP Price outlook.

Despite the limited transparency into the situation, the market may turn dramatically if regulatory clarity appears.

At the same time, the launch of the first XRP ETF in the US has lifted broader sentiment.

The introduction of the ETF establishes an important threshold and might stimulate fresh investments in the asset.

The influx of funds was expected to act as an engine for another positive price movement of XRP.

According to their predictions about ETF investments, the XRP price forecast from JPMorgan analysts reached $15.

Pi Network Surges Past $0.60: Can It Break Through The $1 Wall?

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Key Insights:

  • Pi Network has surged past the $0.60 mark and reached a high of $0.6441 before entering a consolidation phase.
  • Analysts believe the coin may soon test the $1 resistance level if current momentum continues.
  • The RSI and MACD indicators show bullish signals, pointing to possible upward movement.

Pi Network has recently shown intense price action, surged past the $0.60 mark, and hit a high of $0.6441. Analysts expect a potential rally to the $1 resistance, which has become a key psychological level.

With momentum building, technical indicators and fundamentals are now being reviewed to determine the next direction.

Pi Network Builds Momentum with Strong Fundamentals

After rising to $0.6441, the Pi Network stabilized by consolidating its value between $0.63 and $0.64. The RSI tracks investing pressure in the market with its upward trend while maintaining its position slightly above $0.63.

The MACD indicator has shown bullish signals, suggesting potential upward price movements in the upcoming market sessions. This indicated growing positive momentum in the asset’s performance.

Market analyst Xia believes that fundamental aspects of Pi Network drive its increasing market potential. She showcased the Pi ecosystem using the Map of Pi during the Pi Fest exhibition. It revealed that the ecosystem has over 1.8 million users actively participating.

More than 58,000 sellers engaged in transacting activities on the platform, indicating robust transactional behavior at this event. The current market perception toward Pi Network appears uncertain because some investors doubt the robustness of recent price fluctuations.

The buying activity continues, while coin owners express doubt since they have incurred past losses. Maintaining current market momentum could allow Pi Coin to verify higher resistance points shortly.

Support at $0.61 Holds, $1 Target in Sight

The market analysts believe Pi Coin’s support level at $0.61 is essential for future price growth. Moon Jeff observed through analysis that the coin successfully upholds this price level because of its strong purchasing power.

This area is a launching platform for another price increase toward the $1 target. According to technical chart indicators, when Pi Coin surpasses $0.6441, another test will probably occur at approximately $0.70.

The market continues to watch volume strength and price consolidation patterns, seeking signs that indicate a breakout possibility. The current price outlook remains positive since it maintains positions above the main moving averages.

PiNewsZone’s analysis suggested that reaching $1 could drive significant market momentum. Achieving this milestone might greatly strengthen the position of Pi Network.

An expert analyst emphasized the importance of purchasing more coins. A potential price breakout might initiate the discovery of Pi Coin’s true market value.

The market sentiment matches this outlook because the short positions are falling while support levels are getting stronger.

PiCoreTeam Updates Seen as Vital for Long-Term Growth

The rally faces sustainability questions when there is no adequate structural foundation. Dr Altcoin stressed that exchange accessibility needs improvement because increasing platforms with KYB approval is vital.

According to his assessment, the expansion of OKX into additional geographical markets represents a strong opportunity to boost market demand. Major players, including BANXA, have the solution to stabilize Pi prices by strategically purchasing large quantities from exchange markets.

He believes such purchasing actions would promote market liquidity and decrease market sales. The rally could encounter problems at upper price levels when institutional support is lacking.

Dr Altcoin pointed out that updates from the PiCoreTeam were essential for stabilizing long-term price movements. Successful product releases or strategic business announcements lead to growing demand.

This is driven by renewed consumer interest after the brand breaks into the market. Traders need ongoing updates from PiCoreTeam to validate the long-term viability of the current price growth.

Bearish Funding Rates Raise Doubts Despite Pi Network Gains

While price indicators appear optimistic, derivatives data has introduced concerns about sentiment shifts. Short traders intensified their bearish bets, resulting in a negative reading on the PI OI-Weighted Funding Rate on March 13.

The funding rate kept a negative value from March 13 to March 18. This indicated that short positions were stronger than long ones.

PI OI-Weighted Funding
PI OI-Weighted Funding Rate | Source: Coinglass

The premium payments shown in red shaded areas demonstrate bearish activities, since traders paid extra to maintain short-exposure positions. The market displayed neutral or reversing tendencies even though the coin continued its upward movement.

Market traders now watch to determine if growth indicators will succeed in reversing the negative trading positions within derivatives instruments. Substantial volume above $0.70 in Pi Network may drive short position liquidations toward surpassing the $1 barrier.

The analysts predicted that such a price breakout would modify investor sentiment and diminish the downward market force from derivatives trading. The upcoming market sessions will play a vital role in determining Pi Coin’s price movement within the short term.

Solana Dominates Q1 DEX Market With $293.7B Volume & 39.6% Share

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Key Insights:

  • Solana handled over $293.7B in Q1 2025 DEX volume, securing a 39.6% market share.
  • Solana DEXs like Orca and Meteora beat rivals with faster speeds and lower fees.
  • Network averaged 4,500–4,900 TPS with fees under $0.001 during high-volume periods.

In Q1 2025, Solana became the most used blockchain for decentralized exchange activity, accounting for nearly 40% of the market. Solana is redefining the DEX landscape with over $293 billion in trading volume, fast transaction speeds, and ultra-low fees.

Solana Leads Q1 DEX Market With $293.7B in Volume

Solana led the decentralized exchange (DEX) trading activities in Q1 2025, accounting for $293.7 billion in total volume. CoinGecko’s Q1 2025 Crypto Industry Report shows Solana accounted for 39.6% of all DEX trades in Q1.

2025 Q1 DEX trading volume
2025 Q1 DEX trading volume by chain | Source: Coingecko

In January 2025, Solana’s dominance became more visible when it represented 52% of total DEX volume. The trading volume across all chains reached $358 billion that month alone.

This sharp increase was due to the TRUMP meme coin, which caused high-frequency trading across Solana-based platforms. During February and March, Solana maintained its lead in trading volume over Ethereum and BNB Chain.

Both chains remained active but couldn’t match Solana’s dominance. Solana continued to dominate, as trading volume cooled slightly across the board. This further cemented its reputation as a high-performance chain for fast-moving market segments.

High TPS and Network Stability Support Solana’s Position

One of the reasons Solana is attractive is that its network can process many transactions without slowing down. For three consecutive months, the blockchain maintained a steady processing rate of 4,500 to 4,900 transactions per second (TPS).

This consistency underscores its reliability, even during periods of high activity. This metric remained constant even during peak periods when trading volume spiked.

Transactions per second (TPS)
Transactions per second (TPS) and success rate | Source: Solscan

Meanwhile, Solana’s transaction success rate ranged between 85% and 90%. This indicated a stable and resilient infrastructure. Many blockchains fail or delay transactions during network congestion.

Unlike Solana, however, most transactions have flowed smoothly. Fast settlement times make throughput and reliability crucial for users.

This ensures their transactions are completed efficiently without delays. It’s also useful for developers who want a stable base layer to build trading applications and automated protocols on top of.

Ultra-Low Fees Give Solana an Edge

Solana’s DEX dominance is also due to its cost efficiency. Solana’s average transaction fee is relatively low compared to the rest of the industry.

According to data from Token Terminal, Solana’s average transaction cost is much lower than that of Ethereum, Bitcoin, and BNB Chain.

Blockchain average transaction
Blockchain average transaction fee | Source: Token Terminal

Bitcoin’s fees are just above that, while Ethereum’s are around $1 on average. Solana, by comparison, charges a fraction of a cent per transaction. According to 24-hour Dune Analytics data, Solana’s priority fees rarely exceed $0.001, even during periods of higher activity.

Solana average priority fees
Solana average priority fees 24h by minutes | Source: Dune

The affordability also benefits the smaller traders and frequent transactions. Users can engage more often without worrying about cost by paying large fees for each swap or transfer.

This is why memecoin traders, NFT users, and DeFi participants who need to interact with the blockchain often find Solana appealing.

Developers subsidize transactions to improve user experience, and fee efficiency impacts them. Deploying on Solana allows them to decrease operating costs and make it easier to onboard.

Solana-Based DEXs Gain Traction

The rise of Solana’s trading volume is also related to the growth of its native decentralized exchanges. Orca is the number one DEX with $693 million in 24-hour trading volume. It has a 12.5% market share, more than Ethereum’s Uniswap V3’s $655 million.

Meteora, another Solana-native DEX, holds the third position globally with $441 million in daily volume. It supports over 2,300 trading pairs and has experienced a spike in interest in the $TRUMP/EPJFWD pair. It saw almost $94 million in trading.

Top decentralized exchanges
Top decentralized exchanges ranked by 24h volume | Source | CoinGecko

These Solana DEXs offer access to memecoins and new tokens unavailable on Ethereum or BSC. This, combined with lower fees and faster speeds, makes them highly appealing to users.

They also have user-friendly interfaces and integrate with Solana wallets like Phantom, which attracts a growing retail user base.

These platforms continue to see user traffic increase. For instance, Orca recorded more than 580,000 monthly visits. Although Ethereum’s Uniswap still dominates monthly traffic with over 6.8 million visits, Solana’s platforms are catching up fast.

Strong Fundamentals Drive Continued Interest

In 2025, Solana gained significant attention for its low fees, impressive throughput, and rapid DEX growth. This combination cemented its position as a leading blockchain platform. Developers and traders use Solana not only for savings but also for the performance benefits it offers.

Solana’s infrastructure has also been shown to be scalable enough to cover trading spikes, especially during the memecoin rushes. This lets the network handle thousands of transactions per second without degrading performance.

This makes for a smoother experience even when the network is under stress. The network has firmly established itself as a leading layer one chain for DeFi. Its appeal comes from projects launching directly on Solana and users preferring its cost-effective and faster alternatives.

Ethereum Fees Crash: What It Means For ETH Price Movement

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Key Insights:

  • Ethereum transaction fees have fallen to their lowest level in five years, reaching $0.168 per transaction.
  • The fee drop is linked to a sharp decline in on-chain activity and user engagement on the Ethereum network.
  • Despite low network usage, Ethereum’s price recorded a modest 1.76 percent gain, closing at $1,604.70.

Ethereum transaction fees have reached their lowest level in five years, falling to $0.168 per transaction.

This drop coincides with a steep decline in network activity, despite Ethereum’s price recording a slight gain.

The situation is critical for Ethereum’s near-term direction, with analysts offering different forecasts.

Ethereum Fees Hit Five-Year Low as Network Activity Dips

Ethereum’s average transaction fee has dropped to $0.168, marking its lowest point since 2020. The reduction came after on-chain usage and user involvement dwindled.

A lower transaction volume on the network creates less congestion, enabling fee rates to decrease.

Fewer network users compete to validate transactions because the overall network traffic has decreased.

The reduction in the price of block space leads directly to lower expenses for users making transactions on the platform. This change reflects a clear shift in Ethereum’s current usage pattern.

ethereum fee
Source: Santiment

The analytics platform Santiment shows how massively gas prices dropped. The number of active users performing transactions is lower than previous months’ levels.

This outcome diminishes mining and validation rewards, which subsequently impacts network economic dynamics.

ETH Price Sees Modest Gain Despite Market Caution

Despite the slump in fees, Ethereum recorded a 1.76% price increase, closing at $1,604.70 on April 17.

The market saw a price shift during the day while trading volume increased 5% to reach $14.49 Billion.

This suggests that interest in trading Ethereum remains, even with reduced activity on the main network.

The Relative Strength Index (RSI) stands at 41.20, indicating that Ethereum is not oversold but still lacks strong buying momentum.

The MACD histogram showed early signs of recovery, with its positive value reaching +11.6. Traders should maintain caution because the MACD line stays beneath the signal line.

ETH| USD 24-hour price chart
ETH| USD 24-hour price chart | Source: TradingView

Ethereum is still trading within a long-term descending channel, confirmed by the Keltner Channel bands on the daily chart.

The price currently maintains a position near $1,584.34, which falls inside the lower band rather than $1,921.70 within the upper band.

The current arrangement demonstrates that the bearish pattern continues even though prices show temporary growth.

Analysts Offer Contrasting Outlooks Amid Ethereum Price Uncertainty

Analysts have offered mixed views on Ethereum’s short-term prospects.

According to analysts, weak market demand creates low fees, but some investors view this situation as favorable for buying Ethereum before a potential price increase.

Merlijn The Trader, highlighted Ethereum’s historical trends, pointing out past recoveries during similar low-activity phases.

According to him, the present market situation represents an effective opportunity to buy ETH because selling out of panic would likely prove unbeneficial.

ethereum price
Source: X

Crypto Caesar recognizes the ongoing pattern as crucial to the development of a bullish expansion.

He notes Ethereum is testing key support zones, which often precede upward moves.

He chooses optimism over the low fees combined with trading activity reductions.

The experts display split perspectives about the current market direction. While one side focuses on low demand, the other sees structural support.

This division adds complexity to Ethereum’s immediate price forecast.

Ethereum Derivatives Show Weak Market Sentiment

The funding rate data from Coinglass shows Ethereum’s derivatives market leaning towards neutral or slightly bearish sentiment.

Since early March, the open interest (OI)-weighted funding rate has remained negative or near-zero, suggesting limited appetite for long positions in Ethereum futures.

ethereum price chart
Source: CoinGlass

The derivatives market reflects the market’s diminishing interest in ETH spot operations.

The growth in trading activity maintains a level position, indicating no clear market momentum. Market participants appear uncertain about Ethereum’s near-term path.

The fee cut measures do not directly impact long-term holders, but they swiftly alter short-term market perceptions.

Market prices will probably maintain their current direction or face additional downward movement as trading levels stay minimal.

A swift increase in user activity has the potential to produce an immediate alteration of present market behavior.

Ethereum’s support near $1,600 has held firm despite broader market weakness.

This interference stage operates as both a mental and technological inhibition, hindering additional deterioration.

Ethereum could attempt to break out of its descending channel if it continues to hold.

BTC Holds Above $80K As Gold Soars To $3,300 ATH

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Key Insights:

  • Bitcoin remains above $80K with reduced volatility and smaller drawdowns than past bull cycles
  • Gold reaches a new all-time high of $3,300 amid rising demand for hard assets
  • On-chain data shows BTC supply in profit near long-term average, signalling market equilibrium

Global financial markets are adjusting to shifting trade dynamics and rising interest in hard assets as Bitcoin continues to trade above $80,000.

Glassnode’s new data shows realized profits and losses in the Bitcoin network are close to long-term averages even as macro uncertainty grows.

Meanwhile, gold has hit a new all-time high near $3,300, and Bitcoin’s performance relative to gold is getting fresh attention.

While several long-term on-chain indicators suggest that this cycle is different from past extremes, the price movements have been tighter and investor behaviour more measured.

Realized Profit and Loss Metrics Show Market is at Equilibrium

The “BTC: Realized Cap by Profit and Loss” is a chart of the total realized value of Bitcoin broken down by profit and loss.

Darker shades of orange and red during the 2022 bear market were indicative of steep drawdowns, and realized losses peaked.

Unrealized losses hit an all-time high of $410 Billion at one point.

BTC realized cap
BTC realized cap by profit and loss | Source: Glassnode

The chart is currently showing lighter shades, meaning more holders are now in profit or have smaller losses.

Realized losses are smaller and more stable compared to previous cycles, such as the 2021 sell-off or the 2022 bear cycle.

This implies that the market is less aggressive in selling and is more balanced.

Volatility adjusted
Volatility adjusted net realized profit/loss (7d) | Source: Glassnode

Additionally, the “Volatility Adjusted Net Realized Profit/Loss,” shows that Bitcoin’s profitability is now swinging around its long-term median.

The blue median line is centred around the orange bars, which indicates that net realized profits or losses are not very extreme.

It also indicates a stable period of investor sentiment, with the emotions of panic or greed appearing to be reduced.

Current Bull Market Drawdowns Remain Historically Low

Conversely, the drawdown shows how much price correction has taken place in each bull market phase.

Colored zones represent each cycle’s median correction.

In the 2011 bull cycle, there was a 22% correction, and in the 2015 to 2017 cycle, there was an 18% drawdown.

In the 2019 to 2022 cycle, the peak levels saw a 19% correction.

Bitcoin bull market
Bitcoin bull market correction drawdowns (median) | Source: Glassnode

Bitcoin’s median drawdown in the ongoing cycle from 2023 to 2025 is just 7%.

The lower figure, therefore, indicates that the current bull phase has thus far seen more moderate pullbacks.

The current correction has been more resilient compared to earlier cycles, where corrections were sharper and deeper.

This could be due to more institutional involvement, better liquidity, or more disciplined investor behaviour.

Percent of Supply in Profit Near Mean Range

Additionally, the “Percent Supply in Profit Oscillator” indicates how much of the circulating supply of Bitcoin is currently profitable.

In the chart, the orange line is the 7-day moving average of this percentage. The orange line is currently around the mean of 75%.

This makes the market an equilibrium state. In previous bull cycles, this metric has often signalled overheating when it moves above 91% (+1σ).

On the other hand, values below 59% (-1σ) have coincided with bear market bottoms.

Bitcoin percent
Bitcoin percent supply in profit oscillator | Source: Glassnode

The data indicates that Bitcoin is not overheated, nor is it deeply undervalued, as the supply in profit is close to its historical mean.

This supports the notion of a consolidating market where both buyers and sellers are tentative, but not overly so.

Bitcoin-to-Gold Ratio Shows Steady Performance Against Traditional Safe Haven

The Bitcoin to Gold ratio is the amount of ounces of gold needed to equal one Bitcoin. It has moved in cycles historically.

The ratio was at its peak in 2011, 2013, and 2017 when Bitcoin was rallying big time.

It fell sharply after each peak and slowly recovered as Bitcoin built up another cycle.

The Bitcoin-to-Gold ratio is shown to be at relatively stable levels as of April 2025.

As gold recently broke above $3,300 per ounce, this means that Bitcoin is holding value better against gold.

Bitcoin/Gold
Bitcoin/Gold ratio (logarithmic scale)

The steady ratio implies that Bitcoin has not been outperforming gold in the recent months, but it has been playing its role as a store of value.

When both assets are rising, the broader context is that of stronger demand for scarce, non-sovereign assets during macroeconomic uncertainty.

DOGE Breakout Near? Technicals Tease A Major Price Surge

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Key Insights:

  • Dogecoin showed signs of a bullish reversal after recovering from a false break below a critical support level.
  • The price remained stable above support for several days, increasing the chances of a strong upward move.
  • A symmetrical triangle pattern on the daily chart suggests a breakout may follow the current consolidation phase.

Dogecoin recently showed signs of a potential breakout following a technical rebound above a critical support level.

The asset reversed a downward move after briefly falling below its long-standing trendline.

As momentum builds, analysts observed strong technical indicators that could point toward a significant price rally.

DOGE Holds Support and Eyes Rally

Dogecoin’s daily chart shows signs of a false break, indicating that recent bearish pressure has weakened.

The price of the asset has been in a downtrend from December 2024 until the beginning of 2025, creating lower highs and lower lows.

The downtrend lasted for several months, but it ended when the asset could not keep its price below $0.13.

doge price
Source: X

That failed breakdown occurred on April 7, when DOGE sharply dropped before quickly recovering above support.

The price action diverged from previous failures, resulting in reduced market levels.

DOGE continues to sustain the upward bounce from support at multiple points throughout several days, thus reinforcing bullish price expectations.

As a result, this rebound introduces new upside potential for Dogecoin in the coming sessions.

Professional analysts detect a definite weakening of selling pressure through this action.

This positive development has the potential to become the launching point of a future upward market direction.

The earlier breakdowns tracked down by technical expert Trader Tardigrade have consistently resulted in lower price levels.

The fresh market movement ended differently because price recovery happened inside the established trend area.

The failed effort to break below marks the first false breakdown since last December.

This trend formation follows a typical pattern that appears before big bull market advances.

With DOGE still trading above the identified support, confidence in further upside continues to rise.

Analysts predict DOGE will reach $0.42 as its next price target indicating more than 170% expected ascent from existing market rates.

Dogecoin Forms Triangle Pattern Before Breakout

Alongside the false break, a symmetrical triangle pattern adds further weight to bullish forecasts on Dogecoin.

The asset has remained within a symmetrical pattern for numerous months as it established a narrow compact space of upper and lower trendlines.

DOGE continues to bounce between resistance and support as momentum builds inside the triangle.

doge price chart
Source: X

Trader Tardigrade examined this pattern structure during a recent analysis which proved clear price reactions at all triangle limits.

Each time DOGE hits the upper trendline, it retraces; however, dips toward the lower trendline attract buying pressure.

The most recent reaction from the lower boundary shows DOGE attempting another push higher.

Dogecoin’s location within the triangle area enables price movement to stay volatile even though directional movement becomes restricted.

The stronger the breakout outcome becomes according to analysts when this compression period extends longer. DOGE now approaches a point where it must decide its next major direction.

An explosive price change could occur after resistance is broken because the triangle indicates a price compression system.

The market indicates equilibrium because the trading range continues to decrease. A successful break above the resistance point would show the current negative trend is invalid thus establishing a positive price trend.

Because this setup omits specific price objectives it delivers historically strong market movements when traders break out from these patterns.

Internal pressure accumulation within the pattern indicates future market volatility will decrease prior to an expected rise in prices. DOGE remains near the lower boundary and may soon retest resistance again.

DOGE Eyes $0.70 in Rising Channel

A longer-term analysis from FuaCompany introduces a rising channel on Dogecoin’s monthly chart.

This setup shows that DOGE has formed a series of higher highs and higher lows since its bottom.

DOGE price was trading between parallel boundaries, which make up the bullish design of this price structure.

dogecoin usd
Source: TradingView

DOGE has respected the lower boundary of the channel multiple times, using it as a launch point for upward moves.

Historical price data indicates that the previous $0.05 support level led to an important market surging upward.

The current positioning near mid-channel leaves room for further upside if the pattern holds.

The positive market conditions outlined by FuaCompany will continue despite the possibility of short-lived price corrections.

Short-term price declines may bring DOGE to $0.08 and the cryptocurrency will probably rebound afterward based on previous patterns.

DOGE may climb toward $0.70 in the longer run, testing its 2021 highs if the channel remains valid.

XRP Labeled ‘Meme In Disguise’ Amid $7.5M In Short Positions

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Key Insights:

  • XRP experienced a sharp 17% drop in early April, falling from $2.14 to $1.70 within three days.
  • The decline sparked renewed criticism from trader Crashious Clay, who revealed $7.5 Million in short positions on XRP.
  • Clay argued that XRP lacked utility and compared it to meme coins due to minimal network activity and low on-chain revenue.

XRP continues to face significant criticism from market participants as bearish sentiment grows across the digital asset space.

A prominent trader has described XRP as lacking utility while revealing large short positions against it.

Meanwhile, the token remains volatile, reflecting broader market trends shaped by economic pressures and weak liquidity.

XRP Faces Harsh Criticism Amid Price Drop

XRP saw a sharp price decline in early April, dropping from $2.14 to $1.70 within three days.

The token experienced a 17% decline that caused widespread negative feelings among investors while generating additional concerns about its stability.

The analysts identified both market instability and unfavorable macroeconomic conditions of the ongoing trade war as the main reasons for this devaluation.

A well-known market trader, Crashious Clay, disclosed over $7.5 Million in XRP short positions in March.

The report revealed over $1 Million in earnings from his positions, yet he explained the earnings as falling customer demand, together with persistent market pressure to sell.

Clay suggested that XRP has characteristics similar to meme coins and lacks sufficient on-chain activity.

He noted that speculation about price and historical factors plays a bigger role than real-world implementation in sustaining XRP’s value.

According to him, XRP holders from earlier years are selling aggressively amid weak buying interest from new entrants.

He also claimed that those with high capital avoid XRP due to perceived risk and uncertainty.

XRP Compared to Meme Coins by Prominent Bear

Crashious Clay characterized XRP as the “biggest meme coin in disguise” due to its minimal network activity and lack of utility.

The speaker pointed to minimal revenue activity within the blockchain alongside slow adoption rates as elements indicating market uncertainty for XRP.

Per his analysis, XRP does not reflect real value and only survives on legacy momentum.

The token encounters constant selling pressures from Ripple employees, both inside and outside members of the Ripple organization and existing long-term holders who withdraw from their positions.

The ongoing offloading by sellers, along with limited purchase activities, pushes the asset price toward continued decline.

According to Clay, even major market participants known as whales are refusing to enter the XRP market.

Clay’s position remains that XRP’s $100 Billion valuation is far above its actual worth and mirrors previously inflated tokens like SHIB.

He analyzed their performance by noting that Shiba Inu achieved a $40 Billion market value that dropped to $4 Billion. In his view, XRP may follow a similar path if conditions persist.

XRP Shows Strength Despite Market Decline

Despite negative projections, XRP has performed better than many other major digital assets in recent months.

Year-to-date figures show that XRP declined by just 0.58%, Bitcoin dropped 10.6%, and Ethereum fell over 52%.

The percentage loss for Solana reached 33.66% during this time frame.

This performance contradicts the idea that XRP is significantly weaker than its peers, suggesting some resilience in its market behavior.

Market analysts noted that the current price drop is derived from general market fluctuations rather than a specific event.

According to some experts, the price data shows little volatility, in addition to critics’ fundamental analysis assessments.

Some former critics of XRP have also softened their stance in response to its improved price performance.

In November 2024, Raoul Pal admitted that his earlier recommendation to avoid XRP was premature.

Similarly, Mike Novogratz acknowledged XRP’s continued presence, crediting its active and committed community for supporting its position.

XRP Seen as Undervalued by Experts

Not all analysts agree with the bearish outlook, with several projecting long-term growth for XRP.

Bobby A, following the $0.30 pattern in older years, believes the ongoing $2 price action resembles a missed chance.

He pointed to historical patterns where XRP saw major rallies after prolonged consolidation.

In December 2024, another analyst, Zach Rector, claimed that XRP was still undervalued despite its gains.

According to him, the market value of XRP would reach $48 by determining its future potential growth rates.

Rector noted that strong fundamentals and community support would create long-lasting upward price growth.

Clay’s claims are contradicted by various experts who produce more optimistic XRP market predictions.

While short-term volatility continues, opinions remain split on XRP’s future direction.