Ether (ETH) dropped to $1,814 on Wednesday, its lowest in over 14 weeks, raising concerns about whether the ETH/USD pair can stabilize above key liquidity zones near its multi-year lows at $1,800. 

ETH/USD 1-hour chart. Source: Cointelegraph/TradingView

Key takeaways:

Ether fell to a 14-week low near $1,800, with traders warning a breakdown could trigger deeper losses toward $1,200-$1,600.The Coinbase Premium Index hit its lowest level since February, signaling persistent weakness in US spot demand.Spot Ethereum ETFs logged sixteen straight days of outflows.

Ether sits on weak support at $1,800

Ether’s technical structure has weakened after losing support at $2,000 and $2,200. Note that all the major moving averages lie within this zone on the daily chart.

Today, ETH traded as low as $1,814 on Bitstamp, while the daily relative strength index (RSI) fell to 25, its lowest level since Feb. 6, highlighting strong downside pressure and oversold conditions. 

Related: Bitmine buys $52M ETH as Tom Lee says price not yet showing Ethereum’s strength

However, this might also mean that the sellers are losing momentum, suggesting a possible price rebound from current levels, akin to the 39% rebound seen in February.

ETH/USD daily chart. Source: Cointelegraph/TradingView

Traders say Ether’s bullishness hinges on the ETH/USD pair holding above the crucial $1,800 support.

“$ETH almost tapped the $1,800 level today,” analyst Ted Pillows said in a Wednesday post on X, adding:

“This is the last support zone for Ethereum before new lows.”

An accompanying chart revealed that a break below $1,800 would bring areas below $1,700 into the picture.

ETH/USD daily chart. Source: X/Ted Pillows

Additionally, fellow analyst CrypDoMillions said losing $1,800 would send ETH price lower toward $1,600.

ETH/USD daily chart. Source: X/CrypDoMillions

Not all traders had confidence in Ether’s ability to remain above $1,800, with analyst BitFrog saying that “$ETH is on life support” at current levels, adding:

“Bulls better wake up fast. $1,800 looks shaky, honestly.”

The Entity-Adjusted UTXO Realized Price Distribution (URPD) metric, showing at which prices the current set of ETH UTXOs were created, shows that ETH trades above a relatively open zone between $1,800 and $1,250, where there’s less demand.

This means ETH may move more into this range if the sell-off continues, with the downside possibly capped at $1,200. This is where investors acquired more than 1.4 million ETH.

ETH: Entity-Adjusted URPD. Source: Glassnode

Meanwhile, Ether’s cost-basis distribution heatmap shows weak accumulation between $1,200 and $1,800, suggesting a potential pathway toward the lower zone in the short term.

Ether’s Coinbase Premium falls to February levels 

The Ethereum Coinbase Premium Index, which tracks the price difference between ETH on Coinbase and Binance, dropped to -0.16 on May 28, before recovering to -0.13.

A deeply negative premium confirms that the selling pressure is originating from US entities. The last time the metric was this negative was during the early February sell-off when ETH price dropped to multi-year lows at $1,750.

Historically, extreme negative premiums often coincided with capitulation phases, as seen in April 2025 and during the 2022 bear market.

This implies that as long as US investors sell at a discount compared to the global market, the bears remain in control.

Ethereum Coinbase Premium Index. Source: CryptoQuant

“Coinbase Premium has fallen into a notable discount, signaling potential weakness in spot demand,” crypto investor and trader Thomas The Trader said in an X post on Tuesday.

“ETH Coinbase Premium just reached its lowest point since February,” analyst Inoms said in a Monday X post, adding:

“The message is clear: US demand is still weak.”

Weak US demand is also evidenced by heavy outflows from US-based spot Ethereum exchange-traded funds (ETFs). These ETFs have posted outflows for sixteen consecutive days, the longest losing streak since March 2025. 

Investors have withdrawn nearly $847.2 million from these investment products over this period, according to data from SoSoValue.

Spot Ethereum ETFs flows chart. Source: SoSoValue

Coupled with more than $257.3 million in outflows from global Ethereum investment products last week, this points to institutional selling, which will likely continue to put pressure on the price in the near term.

NEAR, the native token of the AI- and privacy-focused Near Protocol, has been an outlier in the broader crypto market, outperforming top coins such as Bitcoin (BTC) and Ether (ETH) in recent weeks.

As of Tuesday, NEAR traded as high as $2.75, marking a nearly 20% rebound in the last 24 hours. In comparison, the crypto market capitalization dropped by 3.7% in the same period.

NEAR/USD four-hour chart. Source: TradingView

Key takeaways:

NEAR’s bounce from a multi-year bottom zone raises the odds of its price rising toward $3.77.Fundamentals remain supportive, with NEAR Intents processing $19.69 billion in volume and generating $32.64 million in fees.

NEAR fractal targets 40% price gains

NEAR’s weekly chart shows the token rebounding from a long-term bottom area near $0.90–$1.10, a zone that also preceded its major rallies in 2021 and 2024.

The 2021 rebound from the bottom area delivered 2,375% gains, while the 2024 recovery produced a 900% rally before the top. In each case, the rally exhausted at NEAR’s descending trend line resistance.

NEAR/USD weekly chart. Source: TradingView

The current setup is smaller but structurally similar. As of Tuesday, NEAR had bounced 225% after bottoming inside the $0.90–$1.10 area in February and was approaching its multi-year descending trend line resistance.

The primary upside target came around the $3.40–$3.77 range, aligning with NEAR’s 200-week exponential moving average (200-week EMA, the blue line) and the 0.382 Fibonacci retracement level.

That would mark an upside of roughly 25%–40% from current prices.

Related: NEAR protocol leads AI token rally with a 50% pump: Is $5 NEAR price next?

Conversely, NEAR faces strong resistance in the $2.61–$2.72 area, a range coinciding with its 100-week EMA (purple) and 0.236 Fib line.

NEAR/USD weekly chart. Source: TradingView

Failing to break this level decisively may result in a pullback toward the 5o-week EMA at around $2, down by roughly 30% from current prices. Also, NEAR’s weekly relative strength index (RSI) is near 68, showing momentum is strong but nearing overheated territory.

A move above 70 would put NEAR in the classic overbought zone, increasing the odds of short-term consolidation or a pullback toward $2.

NEAR Intents, June upgrade support bullish Case

NEAR’s fundamentals favor the upside.

Investor sentiment has improved around the protocol’s AI, privacy, and cross-chain infrastructure push.

That includes NEAR Intents, a cross-chain transaction system that lets users move assets across blockchains without manually handling bridges or fragmented liquidity.

The product has processed $19.69 billion in volume and generated about $32.64 million in fees, according to DefiLlama data.

Near Intents TVL, fees, revenue, and DEX volumes. Source: DefiLlama

The bullish case has also strengthened ahead of NEAR’s expected June network upgrade, which is set to introduce dynamic resharding.

The feature is designed to automatically add network capacity as demand rises, improving scalability without requiring users or developers to manage the underlying infrastructure.

BitMEX Co-Founder Arthur Hayes predicted that NEAR’s price will grow 20x in the long term.

Hyperliquid’s native token, HYPE, has rallied more than 30% in five days to a record high near $74, with a bullish chart breakout now pointing to a potential move above $100.

HYPE/USD daily chart. Source: TradingView

Key takeaways:

HYPE has broken out of a bull pennant pattern, putting its measured upside target near $105.Hyperliquid has become the second-largest blockchain by app revenue on a 30-day rolling basis.

HYPE bull pennant hints at rally toward $105

Hyperliquid’s rally may have further room to run after HYPE broke out of a textbook bull pennant pattern.

The setup developed after HYPE’s sharp late-May rally formed the pattern’s “flagpole,” followed by a brief consolidation inside a symmetrical triangle. During this pause, the token printed lower highs and higher lows, showing tightening volatility before the next directional move.

HYPE/USD daily chart. Source: TradingView

In technical analysis, bull pennants typically resolve when the price breaks above the upper trend line. Traders then estimate the upside target by adding the flagpole’s height to the breakout point.

Over the weekend, HYPE moved above the triangle’s upper boundary on rising volume, suggesting stronger conviction behind the breakout. If the pattern plays out as intended, the price could climb toward its measured target near $105.30 by June or July, about 45% above current levels.

However, momentum is becoming stretched. HYPE’s relative strength index was above 77 on Monday, placing it in overbought territory and raising the odds of a brief consolidation or correction.

If profit-taking accelerates, HYPE could retest its 20-day exponential moving average near $58.32 in June. A decisive break below that level would weaken the bullish setup and risk invalidating the pennant breakout.

Hyperliquid futures show a strong bullish bias

Derivatives market data adds another bullish layer to HYPE’s technical breakout.

Hyperliquid’s open interest has climbed to a record $3.5 billion, up from about $1.41 billion at the beginning of the year, according to Coinglass data. The sharp rise shows that more leveraged capital is entering HYPE markets as it pushes into price discovery.

Hyperliquid open interest. Source: CoinGlass

HYPE’s open interest-weighted funding rate stood near 0.0050% every eight hours as of Monday and has remained positive through most of the latest rally.

Hyperliquid OI-weighted funding rates. Source: CoinGlass

That means long traders have been paying short traders to keep their perpetual futures positions open, a sign that leveraged demand has leaned bullish. While not extreme, the consistently positive funding rate points to a clear upside bias in HYPE’s derivatives market.

Meanwhile, short sellers have taken the bigger hit during the latest rally.

Since May 20, HYPE has seen about $126.28 million in short liquidations, compared with $68.85 million in long liquidations.

Hyperliquid total liquidation chart. Source: CoinGlass

That imbalance suggests bearish traders have been forced to close positions as the price moved higher, creating a “short squeeze.”

Further gains in HYPE could put more shorts at risk of liquidation, forcing more buybacks and potentially accelerating the move toward the $100–$105 target zone.

Hyperliquid surpasses Ethereum in monthly app revenue

HYPE fundamentals are also leaning bullish.

Hyperliquid has overtaken Ethereum to become the second-largest blockchain by app revenue on a 30-day rolling basis, generating $57.9 million, according to DefiLlama.

Top revenue-generating protocols. Source: DefiLlama

The chain routes 99% of its protocol fees to its Assistance Fund, which buys HYPE on the open market. That buyback mechanism has become a core part of the bullish investment case for the token, as higher trading activity can lead to stronger recurring demand for HYPE.

The broader backdrop for perpetual futures has also improved.

On Friday, the CFTC recognized perps as useful tools for price discovery and risk management, helping legitimize the market that sits at the center of Hyperliquid’s business model, even if the protocol is not a direct beneficiary.

HYPE has rallied roughly 25% since the CFTC update.

Related: Hyperliquid launches prediction markets for real-world events

The launch of US-listed HYPE exchange-traded funds (ETF) may also help fuel the rally.

US Spot HYPE ETF net flows. Source: SoSoValue

Since their May 12 debut, HYPE funds from Bitwise and 21Shares have attracted a combined $122.2 million in net assets, according to SoSoValue, pointing to early institutional demand for exposure to the digital token.

Solana (SOL) futures dropped sharply in May as traders reduced leveraged exposure across all exchanges. SOL open interest (OI) dropped to $1.90 billion on Thursday from $2.75 billion on May 11, a 30% decline, while funding rates remained close to neutral. The combination points to weakening investor sentiment as SOL eyes a retest of its yearly low at $68. 

SOL spot demand offsets futures market weakness

The aggregated funding rate for Solana futures held near -0.005, showing balanced positioning between longs and shorts. SOL traders have not built aggressive directional bets despite the recent price slide to $80.

SOL price, aggregated open interest, and funding rate. Source: velo chart

At the same time, the aggregated futures volume cumulative volume delta (CVD) for stablecoin-margined orders fell to a yearly low of -$13 billion. The CVD tracks whether buyers or sellers are more active over time. The decline signals stronger sell-side pressure in futures markets through May.

BTC price, aggregated spot and futures CVD. Source: Coinalyze 

However, spot activity paints a steadier picture. Spot CVD has improved to $350 million since March, showing that buyers have continued to absorb supply on spot exchanges even as derivatives positioning has weakened. 

The positive flows into spot SOL exchange-traded funds (ETFs) added to that trend. The monthly net inflows reached $113 million in May, marking the strongest monthly total for SOL ETFs in 2026.

The split between futures selling and steady spot accumulation often points to a lower level of speculative appetite rather than panic selling. This indicates that leveraged traders reduced risk exposure, while spot buyers continued to add positions gradually.

Spot SOL ETF netflows. Source: SoSoValue

Related: Three key XRP metrics suggest ‘explosive price expansion’ is next

SOL retests the $80 price floor of a three-month range

From a technical standpoint, SOL continues to trade inside a broad range between $80 and $95. The range formed after Solana fell 42% during Q1. The price returned to the lower boundary on Wednesday after another rejection near the resistance level.

SOL/USD, one-day chart. Source: Cointelegraph/TradingView

A move below $80 places focus on the yearly low near $68. The liquidation heat maps show more than $800 million in cumulative long leverage sitting near that zone, making it an important liquidity pocket if downside pressure increases.

Crypto trader Cold Blooded Shiller described SOL as one of the weaker large-cap charts in the market. In a post on X, the trader said SOL has been in a downtrend since October and lacks strong support below the current price level of $80.

Crypto commentator Zoe also placed bids near $67, closely aligning with the yearly low and the largest cluster of leveraged liquidations identified on the open leveraged positions heatmap. 

SOL liquidation map. Source: CoinGlass

Related: HYPE chases new highs as ETF inflows, institutional adoption accelerate

Stellar’s native token, XLM, has rallied more than 50% this week, outperforming the broader crypto market, which has declined by nearly 5% in the same period.

Key takeaways:

US financial giant DTCC announced it would integrate its tokenized securities platform with the Stellar Network.XLM rallied by over 50% after the announcement, but risks a sharp downside in the coming weeks.

DTCC partnership fuels XLM rally

XLM’s price surged after a major institutional partnership announcement by the Depository Trust & Clearing Corporation (DTCC), a US financial giant that clears and settles $10 trillion to $12 trillion in securities transactions daily.

In a Wednesday press release, the firm revealed plans to integrate its tokenized securities platform with the Stellar network, targeting a launch in the first half of 2027.

XLM/USD daily chart. Source: TradingView

The move builds on DTCC’s tokenized trades, launched in July 2026, based on its multi-chain strategy for tokenized asset issuance, reporting, corporate actions, and settlement.

XLM rallied 51.75% after the DTCC announcement and traded for as high as $0.224 on Friday, its highest level since January. Trading volumes rose sharply alongside the upside move, suggesting that many buyers stepped in.

Short squeeze helped fuel XLM price rally

A crowded short trade appears to have also amplified the XLM upside move. Since May 28, Stellar’s short liquidations have reached $12.41 million, compared with $6.82 million in long liquidations, according to CoinGlass.

Stellar total liquidations chart vs. XLM price. Source: CoinGlass

That means bearish traders suffered nearly 1.8 times more forced closures than bullish traders as XLM surged from around $0.15 to as high as $0.224.

XLM open interest nearly doubled during the same period, reaching $292.11 million on Friday. That shows traders added heavy leverage as the rally unfolded, instead of simply closing positions.

Stellar open interest vs. XLM price. Source: CoinGlass

At the same time, XLM’s OI-weighted funding rate dropped to around -0.0270%, its deepest level since April, even as the price climbed.

Stellar’s OI-weighted funding rate vs. XLM price. Source: CoinGlass

Negative funding means short traders paid long traders to keep their positions open, showing that bearish positioning remained crowded during the breakout.

When the price rises against heavily leveraged shorts, exchanges force bearish traders to buy back the token to close their trades. That forced buying adds fresh upward pressure, leading to a “short squeeze.”

XLM’s PayPal and Trump rallies raise sharp pullback risks

Stellar’s latest breakout mirrors earlier XLM rallies that ended with steep corrections.

In November 2024, XLM surged by roughly 640% after Donald Trump’s re-election as the US president. However, the rally quickly lost momentum, with XLM later dropping by about 68.6% from its local peak.

XLM/USD two-week chart. Source: TradingView

A similar pattern played out in July 2025, when PayPal’s stablecoin launch on Stellar and growing excitement around the Protocol 23 upgrade helped XLM rally by around 140%.

However, the upside was short-lived, with the XLM/USD pair later correcting by roughly 73.8%.

The risk now is that the DTCC-driven rally follows the same pattern.

XLM is running hard into long-term resistance

XLM’s latest rally has pushed the token into a major long-term resistance zone, raising the risk of a pullback or consolidation.

As of Friday, XLM was trading near the $0.198–$0.224 ceiling area, and a zone that also overlaps with three exponential moving averages (EMA), namely the 50-week EMA (red) near $0.2216, 100-week EMA (purple) near $0.2281 and 200-week EMA (blue) near $0.2083.

XLM/USD weekly price chart. Source: TradingView

Failure to break above the resistance confluence, which analyst MAGIC called “too strong for the first test,” risks sending the XLM price toward the $0.112–$0.136 area, down 30%–40% from current levels, by June or July.

The downside target area aligns with the lower trendline of XLM’s prevailing descending channel pattern.

Related: Altseason is dead, expect shorter cycles and ‘violent’ rotations: Crypto exec

Conversely, a decisive breakout above the resistance area raises the odds of XLM rallying toward the channel’s upper boundary near the $0.28–$0.30 range by June or July. That’s up roughly 40% from the current price levels.

DEXE rose more than 11% intraday to trade above $19.16, with a 32% weekly gain.
Daily trading volume climbed about 38% to nearly $40 million, suggesting accumulation.
Technical support sits at $15, while bulls could target $24 or higher next.

DeXe (DEXE) rallied sharply on Friday, climbing toward the $20 mark as buying pressure intensified across major exchanges.

The spike in volume and a string of weekly gains have drawn renewed attention from traders and analysts, who are assessing whether the asset can extend its advance or if profit-taking will cap further upside.

DeXe price rises 11% amid volume spike

DeXe price jumped more than 11% to trade above $19.16 after a strong intraday advance, propelling DEXE onto CoinMarketCap’s list of top weekly movers.

The token’s 24-hour performance contributed to a one-week rally that saw DeXe gain roughly 32%, placing it among the market’s notable gainers.

Other top performers included Stellar (+42%), Humanity (+23%), and Injective (+21%). DeXe has also climbed more than 58% over the past month.

The latest gains coincided with a notable increase in on-chain and exchange activity, with daily trading volume rising roughly 38% to around $40 million.

The surge in volume suggests growing accumulation, with buyers stepping in at key levels.

The combination of rising prices and stronger trading activity supports the case for continued near-term momentum and positions DEXE to challenge higher resistance zones if bullish sentiment persists.

DEXE price analysis

The technical outlook for DeXe shows the token testing levels last seen in March 2025, marking a return to multi-month highs.

Moving averages continue to support the broader uptrend. The 50-day simple moving average (SMA) is currently acting as a dynamic support level, while the 100-day SMA sits lower and provides a deeper technical cushion for holders.

Key resistance remains near $20, followed by a more significant barrier around $24. These zones could attract profit-taking from short-term traders and may act as hurdles for further upside.

On the downside, initial support is located near $15, a level that aligns with previous consolidation and areas of intraday demand.

Stronger support is positioned near the 50-day SMA around $12.84 and the 100-day SMA near $9.17. A sustained decline toward those levels would signal weakening bullish momentum and could trigger increased selling pressure.

For bulls to maintain control, DEXE would need to close decisively above the $20 resistance area while sustaining elevated trading volume, reducing the risk of a rapid retracement.

However, if the token fails to break above $20 and sellers regain control, the rally could lose momentum quickly.

A rise in sell-side volume would increase the likelihood of a pullback toward the $15 support zone.

 

Avalanche’s network has reached a new record high in distributed RWA value.
Data shows over $1.16 billion on-chain, boosted by BlackRock.
AVAX price looks to hold $9.00 support amid this ecosystem growth.

Avalanche price hovered $9.25 on Wednesday as bulls attempted to solidify the uptick from intraday lows of $9.10.

The declines had put AVAX price down about 4% in the past 24 hours amid wider market weakness, with most altcoins shedding gains after Bitcoin briefly slipped below $75,000.

While the pullback in BTC could continue to pressure altcoins, could AVAX bounce to above $10.00 as the project hits a new high in terms of distributed real-world assets?

Avalanche RWA ecosystem sees sharp growth

Latest data indicates that Avalanche’s RWA ecosystem has recorded fresh momentum this month, reaching a new milestone for distributed RWAs on-chain.

Distributed RWAs represent assets that use the network as a distribution layer to enable investors to subscribe, hold, and manage tokenized securities or instruments through wallets or custodians.

Rwa.xyz values Avalanche shared shows the metric has surpassed $1.16 billion, with the network posting roughly 58% growth in distributed RWA value over the past two weeks.

Much of the uptick to increased activity from large institutional issuers and managers, notably BlackRock’s additional allocations to its USD Institutional Digital Liquidity (BUIDL) Fund.

Such flows into Avalanche-based products have pushed capital onto the chain, attracted liquidity providers, and boosted ancillary services such as custody, compliance tooling, and secondary-market trading.

As a whole, these services make Avalanche an appealing distribution layer for tokenization projects.

Industry observers say the growth reflects a broader trend by which the global value of tokenized assets has expanded significantly over the last year as institutions race to capture efficiencies from programmable settlement and fractional ownership.

AVAX price outlook

The AVAX token has struggled to recapture the momentum that pushed it to highs of $33 in late 2025.

From a technical perspective, AVAX’s daily chart shows the token under short-term pressure.

The Relative Strength Index (RSI) has edged lower toward neutral territory, signaling that momentum has weakened following the recent retracement.

 

Key support levels to monitor include $9.00 and $8.30, which align with recent intraday lows.

A deeper support band lies near $7.40, a level that would be tested if broader risk-off selling intensifies.

On the upside, resistance could emerge around $10.40, where sellers previously capped rallies.

The $12 area offers a more significant barrier tied to moving-average confluence and prior supply.

What’s the near-term outlook?

In the near term, AVAX’s direction is likely to remain correlated with BTC price action and institutional flows into Avalanche’s RWA products.

Renewed buyer interest, particularly if institutional subscriptions continue, could propel a recovery toward resistance.

Conversely, a sustained crypto-wide pullback would increase downside risk and test the supports outlined above.

XRP (XRP) is down roughly 64% from its July 2025 multi-year high, but several onchain and technical indicators suggested the altcoin was due for a “strong price rebound.”

Key takeaways:

XRP’s MVRV ratio fell to -47%, a level historically linked to strong market rebounds and accumulation.XRP Ledger transaction spikes suggest rising network activity and a possible macro price floor near $1.30-$1.50.XRP’s bullish falling wedge pattern projects a 134% price breakout to $3.10.

MVRV ratio: XRP is in an “extreme undervalued” zone

XRP’s market value realized value (MVRV) ratio, or the market cap divided by the realized cap, has dropped to levels that have historically aligned with accumulation zones and market bottoms.

The chart shows that XRP’s 30-day MVRV has now fallen to -47%, its lowest level since December 2020.

Related: XRP price risks 50% drop despite 9-day ETF inflow streak

This suggests that fear and frustration among investors have “reached rare extremes that have historically preceded strong rebounds,” onchain data provider Santiment said in a Tuesday post on X, adding:

“Historically, MVRV’s (average trading returns) will always average out to 0%, making this current level an extreme undervalued zone for $XRP. ”

XRP MVRV ratio. Source: Santiment

Deeply negative MVRV readings tend to appear when retail traders have largely given up, creating conditions where even small positive catalysts can trigger strong rallies.

While weak MVRV readings alone do not guarantee complete trend shifts, they “often signal that the majority of panic selling has already occurred and downside risk becomes more limited compared to potential upside,” Santiment added.

Meanwhile, XRP’s MVRV Z-score is hovering near zero, a level that historically aligns with accumulation zones and market bottoms, according to data from Glassnode.

XRP MVRV Z-score vs. price. Source: Glassnode

The last time XRP’s MVRV Z-score fell to similar levels in late 2024, it coincided with a macro market bottom at $0.30 before a rally of 500% to a multi-year high above $3. The gains were 215%, 94% and 1,050% in 2023, 2022 and 2021, respectively.

Analyst: XRP price “creating stable macro floor”

The XRP Ledger saw a massive transaction volume spike in April, suggesting that “deep ecosystem activity and accumulation are quietly building beneath the surface,” CryptoQuant analyst TopNotchYJ said in a Monday Quicktake note. 

“Massive, vertical spikes in transaction counts serve as early network leading indicators, predating explosive price expansions,” the analyst added.

In November 2019, a surge in transaction count preceded the 2021 rally from $0.15 to $1.79 (nearly 1,200%). A similar dynamic played out in July 2024, with a gain of 600% to its eventual cycle peak of $3.17 in mid-2025 from $0.50.

XRP is currently consolidating within the crucial $1.30–$1.50 accumulation zone, and the massive network spikes suggest that the price is “creating a stable macro floor,” the analyst said, adding:

“If history repeats and this current consolidation solidifies into a launchpad, a conservative 5x macro projection positions XRP’s next major target area between $7.50 and $8.00.”

XRP Ledger transaction count. Source: CryptoQuant

As Cointelegraph reported, other key XRP Ledger metrics, such as record whale wallet and monthly transaction counts, suggest that the XRP/USD pair was primed for a strong upward move. 

XRP falling wedge breakout targets $3.10

XRP price action is trading within a falling wedge pattern on the weekly chart, a structure typically associated with bullish reversals after a prolonged downtrend.

The price has been compressing between two descending trendlines since July 2025, with the lower boundary now being key support near the $1.30 psychological level

XRP/USD weekly chart. Source: Cointelegraph/TradingView

Meanwhile, the weekly relative strength index (RSI) has recovered from oversold conditions, suggesting that sellers are losing momentum. Historically, similar RSI conditions have preceded strong rebounds in XRP.

For example, XRP rallied as much as 660% between July and December 2024 following the RSI’s recovery from near oversold conditions. The gains were 95% in mid-2022.

A confirmed breakout above the wedge’s upper trend line at $1.50 could open the way for a run toward the measured target of the prevailing chart pattern at $3.1, about 134% above the current price. 

As Cointelegraph reported, buyers will have to break and sustain the XRP price above the $1.40-$1.60 resistance zone on the daily chart to confirm a long-term trend shift.

XRP (XRP) traded within a key “value zone” where whales recently accumulated $170 million, signaling a tightening liquidity supply.

Key takeaways:

XRP whales withdrew 122 million XRP, worth about $170.8 million, from Binance, signaling strong accumulation near the key $1.35-$1.40 support zone.Exchange outflows and steady spot XRP ETF inflows point to a tightening liquidity supply and growing investor demand for XRP.XRP price could target $2.33 if bulls break above $1.50 resistance, with Bollinger Bands signaling a major move ahead.

122 million XRP leave Binance exchange

XRP whale withdrawals, large exits above 1 million coins per transaction, hit 122 million on Binance on May 22, worth about $170.8 million at current rates, according to data from CryptoQuant. 

This marked their first daily withdrawal above 100 million XRP since the 278 million XRP seen in early February. 

“What makes the latest move more important is the price context,” CryptoQuant analyst Amr Taha said in a Monday Quicktake post.

Note that the Feb. 9 withdrawal spike happened while XRP was trading near $1.43, while the May 22 spike came with XRP around $1.35. 

“This makes the $1.35–$1.40 range an important zone to watch for XRP,” the analyst said in another Quicktake post, adding: 

“Repeated withdrawals near the same price range may indicate that some larger players view this area as a value zone.”

XRP: Whale outflows from exchanges. Source: CryptoQuant

This coincided with sharp exchange outflows, as the XRP net position change among exchanges dropped to -$30 million on Sunday, its most negative value since April 9, when the price was trading at $1.28. This preceded a 17% move to $1.51 on April 17.

XRP: Exchange net position change

Such outflows typically indicate strong accumulation by large holders, who move tokens to cold storage or increase exposure to XRP investment products, thereby reducing immediate sell-side pressure.

Meanwhile, demand for US-based spot XRP ETFs continues with these investment products recording positive flows for 16 consecutive days, totalling $116.75 million. This points to consistency in demand from US investors, adding to XRP’s tailwinds.

Spot ETH ETFs flows chart. Source: SoSoValue

XRP price must hold $1.30 as support

The XRP/USD pair has been trading in a tight range between $1.30 and $1.50 since early February. 

XRP’s bullishness now hinges on holding $1.30 as support if it “stands another chance at retesting $1.50 resistance,’ analyst ChartNerd said in a recent post on X. 

“$1.30 is a current guardrail,” the analyst said, adding:

“If lost, a deeper drop to the lower $1 territory is likely in the coming weeks.”

XRP/USD daily chart. Source: X/ChartNerd

The chart below shows that the altcoin traded in a multi-year range between May 2022 and November 2024. Eventually, a break above the upper limit of the range at $0.68 ushered in a more than 400% rally to $3.40 in January 2025.

If the XRP/USD pair holds within its current range, a similar upward move could be seen once a decisive move supported by strong volume above the upper limit at $1.50 is achieved.

XRP/USD three-day chart. Source: Cointelegraph/TradingView

The Bollinger Bands are still at their tightest level since mid-2024. Similar occurrences have previously led to between 58%-82% upward moves in XRP price, as shown in the chart above. 

As such, XRP could rise as high as $2.33, if a similar breakout plays out. 

Analyst Crypto Patel referred to the current range as the “best accumulation zone,” adding that the muted price action resembles the calm before its major breakout in late 2024.

The analyst projected an upside target at $10, implying a roughly 7x potential from the lower end of the accumulation range if XRP repeats its 2022–2024 cycle-style expansion.

XRP/USD two-week chart. Source: X/Crypto Patel

As Cointelegraph reported, overhead resistance at $1.40-$1.50 is likely to keep the price in consolidation if it is not broken. 

XRP (XRP) has fallen 12% over the last five days, and the confirmation of a bearish pattern now points to the risk of more losses ahead.

Key takeaways:

XRP/USD’s bear pennant pattern on the three-day chart points to a possible 52.5% drop toward $0.65.Persistent institutional demand through exchange-traded products supports the case for a recovery in XRP price. 

XRP’s descending triangle breakdown is underway

Since early February, the XRP/USD pair has been consolidating inside a bear pennant on the three-day chart.

In technical analysis, bear pennants are typically viewed as bearish continuation patterns. The pattern was confirmed when the price produced broke below the pennant’s lower trend line at $1.40, as shown in the chart below.

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The downside target is derived by taking the height of the initial drop (the pennant’s post) and placing it lower from the point where the price breaks below the pattern’s lower trend line.

XRP/USD three-day chart. Source: Cointelegraph/TradingView,

XRP’s measured downside target comes in near $0.65, about 52.5% below current levels.

XRP’s Stoch RSI on the weekly chart “has confirmed a deathcross, marking the third time this signal has flashed since the July‑2025 ATH,” technical analyst ChartNerd said in a recent post on X.

The previous two crosses produced deeper corrections of about 50%, and the one in January came after a “relief rally into a weekly 20/50 EMA death cross,” the analyst said, adding:

“A failure at the weekly 20 (just retested) or the weekly 50 ($1.80) will likely open the next leg down later in the year.”

XRP/USD weekly chart. Source: X/ChartNerd

The daily RSI has dropped to 42 from 63 over the last seven days, suggesting increasing bearish momentum. 

As Cointelegraph reported, buyers are expected to aggressively defend the $1.27 as a close below it may sink the XRP/USDT pair to $1.11 and later to the psychological level at $1. 

XRP price shuns ETF demand

The five-day price correction comes even as institutional sentiment remains relatively positive, as reflected in steady inflows into US-based XRP spot ETFs.

According to data from SoSoValue, XRP ETFs added $750,000 on Monday. This marked nine consecutive days of net inflows, totaling $95.5 million. This streak has pushed cumulative inflows to nearly $1.4 billion and assets under management (AUM) to $1.14 billion.

Spot XRP ETF flows chart. Source: SoSoValue

Global XRP investment products also registered weekly inflows of approximately $67.6 million during the week ending May 15, outperforming Bitcoin (BTC) and Ether (ETH), which saw $981.5 million and $250 million in outflows, respectively.

Global crypto ETP flows table. Source: CoinShares

This indicates institutional appetite for XRP products is “heating up, signalling growing confidence in regulated crypto exposure,” TronWeekly said in a post on Tuesday.

As Cointelegraph reported, stronger technical validation, passage of the CLARITY Act in the US and recovering network activity could also contribute to XRP’s recovery.