hodler

24 May 2026, 07:00

XRP Confirms Negative Breakout With Price Headed For $1.14 – Analyst

Over the last week, the XRP market endured a dominantly bearish mood. During this time, the altcoin’s price declined by more than 5% amid general market struggles. A broader overview shows that XRP has remained range-bound between $1.29 and $1.55, with this range stretching back to February. However, recent technical developments on the daily chart pattern indicate an impending market sell-off to end this month-long consolidation and establish a deeper decline in this bear market. Related Reading: Analyst Highlights Ethereum ‘Kill Zone’ That Shows The Best Time To Buy XRP Break Below Symmetrical Triangle Tips Short-Term Loss In trading analysis, a symmetrical triangle is created when the price forms a series of lower highs (descending resistance line) and higher lows (ascending support line). These two trendlines converge, forming a triangle. This chart formation usually represents indecision and compression in the market, as buyers are stepping in earlier each time (higher lows) and sellers are stepping in sooner each time (lower highs). In an X post on May 23, Ali Martinez shares that XRP has broken out of a symmetrical triangle on its daily chart. The altcoin recently breached the rising trend line of this chart formation, which started in January. This means XRP is now below a key support level and is exposed to deeper downside targets. According to the seasoned analyst, an acceleration in selling pressure would likely pull XRP down to around $1.14, i.e., a 16.17% loss from current market prices. Related Reading: Dogecoin Mirrors Previous Mega Bull Trend — Is Another Parabolic Rally Next? XRP Market Glance – Whales Step Out Interestingly, the loss in XRP’s price and its latest bearish signal coincide with another concerning development. Martinez reports in a separate post that XRP whale activity is presently registering a major decline. In the last nine days, the number of large transactions (i.e., transactions over $1 million) has dropped from 157 to 67, representing a 57.3% loss. The analyst explains that such events usually mean that whales are stepping away as the market enters a compression phase expected to be marked by declining volatility. During this time, the current price range becomes accepted value as the market build support & resistance clarity. In addition, there would be an uptick in limit order activity, with liquidity deepening on both sides to eventually form a mature order book. However, compressions always result in expansion, the direction of which hinges on liquidity and whether these whales return as buyers or sellers. At the time of writing, XRP trades at $1.35 reflecting a gain of 1.1% in the last day. Meanwhile, the asset’s daily trading volume is up 4.23% and valued at $1.96 billion. Featured image from Pexels, chart from Tradingview

24 May 2026, 06:19

Ripple Breaking Out or Breaking Down? The Catch Behind XRP’s Latest Technical Shift

Ripple’s cross-border token made several breakout attempts to surge past the upper boundary of its consolidation range, but it was stopped at between $1.50 and $1.60 every time. Now, though, Ali Martinez claimed that XRP’s breakout has been confirmed. However, it’s not what the bulls expect and hope for. Breakout Confirmed? After spending months trading sideways mostly between $1.35 and $1.50, the popular altcoin’s latest breakout attempt came last week when it surged above the upper boundary and tapped $1.55. Analysts were once again convinced that its run had begun, but the reality was different. XRP was stopped immediately at that level and driven south to its starting point of $1.40 within hours. It nosedived once again on Friday and Saturday, alongside the rest of the market, amid rising fears that the ceasefire between the US and Iran might end soon with new attacks. XRP dipped below $1.30 for the first time since early April, marking a multi-week low, while the overall network usage showed a substantial decline. Ali Martinez’s new post on the token’s price performance came during this crash, saying “XRP is breaking out” as the token had breached the rising trend line of a symmetrical triangle on the daily chart. He predicted a further drop to as low as $1.14. However, the peace deal progress between the US and Iran pushed the entire market north in the following hours. XRP was no exception, as it jumped to $1.36. Nevertheless, it still trades below the lower boundary of the symmetrical triangle outlined by Martinez. They Disagree CRYPTOWZRD posted a different perspective on XRP’s price moves, indicating that it had actually closed bullish on the daily chart. However, they added that it needs to reclaim the $1.40 resistance before there’s a chance for a more profound rally. Fellow analyst CW brought up a chart demonstrating that the top traders on Binance have started to close their short XRP positions and replace them with longs. They concluded that whales “are ending their XRP bearish bets.” The long position ratio is increasing as Binance top traders holding shorts on $XRP close their positions. Whales are ending their $XRP bearish bets. pic.twitter.com/HnlGtzhlYR — CW (@CW8900) May 23, 2026 The post Ripple Breaking Out or Breaking Down? The Catch Behind XRP’s Latest Technical Shift appeared first on CryptoPotato .

24 May 2026, 06:15

Here’s why Near Protocol, Ondo, and Hyperliquid crypto tokens are rising

Top crypto tokens like Near Protocol (NEAR), Ondo Finance (ONDO), and Hyperliquid (HYPE) were among the top gainers today, May 24, as investors bought their recent dips. NEAR token jumped by 13%, while Ondo and HYPE jumped by over 10%. Near Protocol price jumps amid AI hype NEAR crypto token has been one of the best-performing coins in the crypto industry in the past few months. It has jumped by over 172% from its lowest point this year, mirroring the gains made by top AI tokens like Akash Network and Venice AI. Near token continued its rally recently as the developers launched confidential payments on its Near.com platform. This feature enables users to send crypto tokens in a private way that only the sender and the recipient knows. It has also launched some important AI models for its Near.ai platform. These features mean that Near is at the intersection of two of the fastest-growing industries in the crypto industry: AI and privacy. Hyperliquid price jumps as volume jumps Hyperliquid token has also done well in the past few days and is now hovering at its all-time high. HYPE’s surge has been driven by several key catalysts in the past few months. The first one is the fact that the recently launched ETFs have done well, with their combined inflows soaring to over $74 million. 21Shares’ THYP and Bitwise’s BHYP have added over $48 million and $40 million, respectively. These inflows mean that there is demand for the HYPE token as American investors bet on its fundamentals. The token also jumped as volume, and its open interest soared this weekend as traders traded crude oil and gold futures. Crude oil and gold volume jumped after President Trump announced a deal to reopen the Strait of Hormuz . Data shows that Hyperliquid’s volume soared to $6.2 billion in the last 24 hours, higher than Aster, ApeX Protocol, Lighter, and edgeX, combined. Hyperliquid has also made some major developments in the past few months. For example, it has become one of the most profitable players in the crypto industry, making over $850 million in the last 12 months. It is using this revenue to burn its tokens. Ondo Finance growth in RWA is accelerating Ondo token price has also jumped from a low of $0.2091 in March to $0.48 today. This rally has happened because of its strong fundamentals, including the growing demand for USDY and OUSG, which have continued to attract investors. https://twitter.com/OndoFinance/status/2057899491534242019 At the same time, Ondo Global Markets has continued to attract traders, with its total value locked (TVL) rising to over $1 billion. This product makes it possible for traders to trade tokenized assets like stocks and exchange-traded funds. ONDO price chart | Source: TradingView Technicals have contributed to the ongoing ONDO price surge. It has formed a cup-and-handle pattern, a popular continuation sign in technical analysis. It is now in the handle section, meaning that the token may continue rising in the coming days or weeks. The post Here’s why Near Protocol, Ondo, and Hyperliquid crypto tokens are rising appeared first on Invezz

24 May 2026, 05:49

Bitcoin Price Surged to $77K After Trump Signals Major Iran Peace Breakthrough

After a few days of highlighting threats that a peace deal might not be reached soon, which increased the selling pressure on the crypto market, US President Donald Trump announced the opposite hours ago. The effects were immediate as bitcoin erased almost all Friday and Saturday losses, jumping to $77,000. Peace Deal Coming Soon? CryptoPotato reported yesterday that the latest reports at the time on the US-Iran war front indicated that the former might be preparing for new attacks. The rumors intensified when the POTUS skipped his son’s wedding to remain in the White House for meetings with top military personnel. However, follow-up reports coming during the night suggested that the US and Iran might actually be “getting a lot closer” to finalizing a deal. Hours later, Trump posted on his social media platform that his administration had a “very good call” with the leaders of multiple countries in the region, such as Saudi Arabia, the UAE, Qatar, Pakistan, Türkiye, Egypt, Jordan, Bahrain, regarding the Islamic Republic of Iran, and “all things related to a Memorandum of Understanding pertaining to PEACE.” Moreover, his post indicated that an “agreement has been largely negotiated, subject to finalization” between the two sides and the various countries in the region. He added that he spoke with Israel’s Prime Minister, which went “very well.” “Final aspects and details of the Deal are currently being discussed, and will be announced shortly. In addition to many other elements of the Agreement, the Strait of Hormuz will be opened.” More reports coming from Iran and the US continue to contradict, though. For instance, Iran’s Fars News agency claimed that “American officials have acknowledged in multiple messages to Iran that Trump’s posts are primarily for promotional purposes and media consumption within the US, and they have recommended that no attention be paid to these statements.” The NYT, on the other hand, said Iran had agreed to give up its highly enriched uranium under the new deal. BTC Price Rebounds As mentioned above, the primary cryptocurrency plunged from over $77,000 on Friday to a monthly low of $74,200 in response to the threats of escalating tension in the Middle East, among a few other reasons. However, it jumped to just over $77,000 after Trump’s statement before it was stopped and now trades inches below it. Most altcoins have followed suit, with ETH surging to over $2,100 after it dipped to $2,000 yesterday. NEAR, ONDO, MORPHO, and HYPE have marked even more significant gains today. Over $300 million worth of shorts have been wrecked on the crypto market’s way up, according to CoinGlass data. BTCUSD May 24. Source: TradingView The post Bitcoin Price Surged to $77K After Trump Signals Major Iran Peace Breakthrough appeared first on CryptoPotato .

24 May 2026, 05:12

We Asked ChatGPT if Kevin Warsh Could Spark a Bitcoin Rally: Here’s the Brutal Reality

After he was officially backed by US President Donald Trump during his first term, Jerome Powell was sworn in as Chairman of the Federal Reserve on February 5, 2018. He spent the next eight years and 100+ days as head of the financial institution, but experienced a massive fallout with Trump that led to countless public ridicules. Kevin Maxwell Warsh is Trump’s new pick, who officially stepped in as the Fed Chair on May 22. The 56-year-old financier and attorney is believed to be the first bitcoin supporter to take this role, which prompted many crypto insiders to speculate that the largest digital asset will benefit a lot. But is that what ChatGPT thinks? Will BTC Rocket? The popular AI chatbot said Warsh is far from a “newcomer,” as he has already served as Fed governor. He is known for a more “market-sensitive approach, skepticism toward prolonged ultra-loose monetary policy, and for his close ties to Wall Street.” According to ChatGPT, this matters because bitcoin’s price has “increasingly become tied to liquidity conditions and Fed policy expectations.” It added that the bull case for BTC would be if Warsh signals faster rate cuts, which doesn’t seem likely at the moment, easier financial conditions, and support for market stability. Bitcoin would thrive under such conditions, as liquidity will increase, real yields are likely to fall, and investors would seek alternative stores of value. “A more ‘market-friendly’ Fed could quickly revive risk appetite – and bitcoin is often the first to react,” said ChatGPT. (Not So) Hidden Risks However, the popular AI chatbot outlined a different scenario, which it described as “not all doves are bullish.” It explained that Warsh has expressed concerns about “inflation persistence,” which has become more than evident after the war against Iran started, and “excessive monetary expansion.” Consequently, if his strategy continues the path laid out by Jerome Powell, meaning a more hawkish stance, then these higher rates could “pressure risk assets, including bitcoin.” ChatGPT also cautioned that the market is unlikely to experience significant volatility by the actual appointment alone. It would need clearer signals and outlined some of the key catalysts that can unlock more fluctuations: First policy speech Dot plot expectations Tone on inflation versus growth The post We Asked ChatGPT if Kevin Warsh Could Spark a Bitcoin Rally: Here’s the Brutal Reality appeared first on CryptoPotato .

24 May 2026, 05:00

Bitcoin Spot ETFs Bleed $1.26 Billion In Largest Net Outflows In 3 Months – Details

The 13 US Bitcoin Spot ETFs closed out last week with $1.26 billion in net withdrawals, amid significant price losses in the broader crypto market. Notably, data from SoSoValue shows this is the heaviest outflow from the Bitcoin ETF market since the last week in January, when investors’ activity resulted in a net loss of $1.49 billion. Bitcoin Spot ETFs Register Six Consecutive Red Days More details of the last week performance shows the Bitcoin Spot ETFs market recorded a starggering $648.64 million in net outflows on Monday, representing it’s largest daily net withdrawal since January 29. Meanwhile, the following days recorded lesser but significantly negative performance such as $331.05 million on Tuesday, $70.47 million on Wednesday, $100.82 million on Thursday, and $105.19 million on Friday. Taken together, the Bitcoin Spot ETFs translates to six consecutive trading days of net outflows while 80% of the last 10 days are also red days. Looking at individual fund performances, BlackRock IBIT investors withdrew $1.01 billion more than deposited, as its cumulative inflows reached $64.77 billion. The dominant market leader now maintains total net assets of $61.09 billion, i.e 6x its closest competitor. Meanwhile, Fidelity’s FBTC and Ark/21 Shares’ ARKB also experienced significant net outflows at $111.5 million and $106.81 million, respectively. ETFs including Bitwise’s BITB, VanEck’s HODL, Valkyrie’s BRRR, Invesco’s BTCO, and Franklin Templeton’s EZBC all registered capital outlows ranging between $3m – $10m. Notably, Morgan Stanley’s MSBT, the market’s new comer recorded the only positive performance with net inflows valued at $1.11. Other funds such as Grayscale GBTC & BTC, Hashdex’s DEFI, and Bitwise’s BTCW all registered zero net activity. Following this performance record, the Bitcoin Spot ETFs have now recorded a combined $1.00 billion net outflows in May. Meanwhile, their total cumulative net inflows stands at $57.08 billion, with their total net assets valued at $98.87 billion. Ethereum ETF Negative Streak Extends To 10 Days As the Bitcoin Spot ETFs struggle with steep withdrawals, their Ethereum counterparts are faring no better after recording a cumulative net outflows of $215.19 million in the last week. Notably, data from SoSoValue shows the Ethereum Spot ETFs have now experienced 10 consecutive trading days of net withdrawals valued at $471.1 million. Total cumulative inflows in this ETF market is valued at $11.62 billion, with total net assets of $11.84 billion, i.e. 4.73% of Ethereum market cap. At press time, Bitcoin continues to trade at $76,735 reflecting a daily 1.75% gain. Meanwhile, Ethereum is valued at $2,119 after a 2.78% increase within the same period.