A Dogecoin (DOGE) price breakout past its previous All-Time High (ATH) price is gradually becoming possible amid the current market setup. While still tied in a long-drawn consolidation, a potential breakout is ahead for the memecoin, according to predictions from market analysts.
Dogecoin Price and Open Interest Outlook
As of this writing, DOGE’s price has changed hands for $0.1569, which has increased by 3.3% in the past 24 hours. This price trend is a testament to how resilient the DOGE price is, having traded at a low spot value of $0.1532. The memecoin has traded at a very close range during this period.
The current DOGE outlook shows a bullish trend in the futures market as showcased by Open Interest data. Data from Coinglass pegs the total Dogecoin committed to the futures market at 9.87 billion DOGE. This was valued at $1.54 billion and has skyrocketed by more than 5% in 24 hours.
Top crypto exchanges like Binance, OKX, and Bybit saw the highest DOGE open interest record. While the price traded at a relatively close range, the open interest commitment proves that traders with leverage are betting on the asset.
DOGE Price to $5.6?
Optimism trails Dogecoin, despite its spot value now trading down 78.71% from its ATH of $0.7376. Market analyst Dogedog told his more than 58,600 followers on X that the price of DOGE is heading to $5.6.
While Dogegod did not provide a timeline or much context for his prediction, he highlighted how the memecoin breaks falling wedges. The analyst is not alone in his projection for the coin, as an earlier DOGE price analysis, Ali Martinez, predicted a $0.29 rally for the asset in the near term.
Although this price trend is not unrealistic, the broader market slowdown may serve as a bottleneck. Key performance metrics already tipped the Dogecoin price in line for a short-term breakout. With trading volume up 6% to more than $586 million as of writing, retail interest in the coin has further skyrocketed.
Dogecoin remains the lead among altcoins being considered for an exchange-traded fund (ETF) product. As reported earlier by CoinGape, 21Shares filed for a spot Dogecoin ETF, the latest asset manager to make the move. The belief is that an approval can usher in institutional funds, which can help fuel the coin’s price growth.
Ethereum Layer-2 protocol Arbitrum has launched Converge, a new blockchain designed to serve as a settlement layer for tokenized real-world assets (RWAs) and on-chain finance. Created by Ethena Labs and Securitize, Converge aims to bring billions of dollars in stable assets into decentralized finance (DeFi).
Arbitrum Converge: Key Details to Note
The Ethereum layer-two (L2) scaling solution revealed that Converge was specifically developed to support the tokenization of real-world asset and related financial applications.
Per the update, the network will use Celestia’s modular data availability layer, which ensures faster, more reliable data processing. Two key stablecoins, USDe and USDtb, will serve as gas tokens, providing stability in transaction fees.
Initially, the chain will operate with 100ms block times, with upgrades planned to bring block times down to just 50ms. Validators will secure the network using sENA. In addition to this, Converge will host major decentralized finance applications. These include DApps such as Ethereal DEX, with plans for more appchains.
Furthermore, the planned Stylus upgrade will allow developers to write smart contracts using Solidity, Rust, C, and C++. This broader programming language support ensures more efficient and scalable application development.
The assets of Ethena Labs, worth $5 billion, and those managed by Securitize, totaling $2 billion, will be moved onto Converge. Per the design, this will significantly boost its liquidity.
Ethereum Layer 2 and Competition
Beyond Arbitrum, it is worth noting that Layer 2 solutions have seen growing adoption. For example, Ethereum Mainnet averaged just 14.10 User Operations Per Second (UOPS) last year.
In comparison, Base achieved 83.99 UOPS, peaking at 155.44 on January 1, 2025. It processed over 221 million operations in 30 days, the highest among L2 networks per L2Beat data.
Arbitrum One recorded a 35.9% decline in 30-day usage, with current UOPS at 21.71. Despite this, the network’s infrastructure remains a strong contender, and rollup activity saw a surge towards the end of 2024, showing growing trust in L2 solutions.
Arbitrum Price Outlook
Recent reports indicate that U.S.-based trading platform Robinhood has added Arbitrum (ARB) to its list of tradable cryptocurrencies. The listing led to a 14% price rally for the Ethereum layer-2 network.
As of this publication, CoinMarketCap shows the Arbitrum price was trading at $0.2808, with a slight 0.11% positive change in the past 24 hours. Additionally, trading volume has risen by 6.84%, reaching approximately $115.38 million.
Based on market perception, the launch of Converge could drive more interest and engagement, which may positively impact ARB’s price in the near future.
Beyond Converge, the next major development being watched is the Ethereum Pectra upgrade, which is billed to go live on the mainnet by May 7.
Solana surged 7% on Thursday, outperforming major tokens as Canada debuts the world’s first Solana spot ETF on the Toronto Stock Exchange.
Solana ETF Debut on Toronto Exchange Sparks Rally as SOL Surpasses Ethereum, Bitcoin Gains
Solana (SOL) climbed more than 7% on Thursday retaking the $135 resistance level as it outpaced Bitcoin and Ethereum in daily performance.
Solana’s ongoing rally follows the landmark launch of the world’s first Solana spot exchange-traded fund (ETF). The ETF, launched by Purpose Investments, began trading on the Toronto Stock Exchange under the ticker CSOL, signaling growing institutional appetite for Layer-1 blockchain alternatives.
Purpose Investments’ CEO Som Seif emphasized that the fund provides “secure, compliant access” to Solana without the need for investors to manage private keys or engage with decentralized wallets. With Canada leading the charge on regulated digital asset products, the ETF is viewed as a foundational step in mainstreaming Solana exposure across North American financial markets.
The ETF’s launch arrives at a time of dovish central bank signals across global economies, bolstering risk asset sentiment.
As the European Central Bank prepares for its seventh rate cuts this month, Trump mounts pressure on the U.S. Federal Reserve to ease rates, liquidity conditions are turning increasingly favorable for more crypto demand in the weeks ahead.
Solana ETF Reinforces Institutional Credibility as Ethereum Struggles With Momentum
Beyond the immediate price reaction, Solana’s ETF debut is widely seen as a pivotal moment in the Layer-1 DeFi ecosystem battle. Solana is now making structural gains in legitimacy — a domain long dominated by Ethereum following the U.S. approval of ETH-based ETFs in 2024.
Solana total staking deposits, April 2025 | Source: StakingRewards
Since the ETF announcement, on-chain activity has validated bullish sentiment. Staking deposits on the Solana network surged by 2 million SOL—approximately $270 million—between April 13 and April 17, according to data from StakingRewards.
This increased staking deposits effectively removed a significant amount of supply from circulation, which supports the upward price pressure during periods of high market demand.
The recent repeal of a restrictive DeFi framework by President Trump has ingnited demand for other altcoins like Solana. With Ethereum mired in high gas fees and divisive upgrades, Solana is increasingly being viewed as a scalable, low-cost alternative attracting developer and institutional interest alike.
This may explain why Solana price climbed 7% on Thursday, while Ethereum continued to languish below the $1,600 zone.
Solana price forecast indicators flashed a falling wedge pattern on the daily chart, signaling a potential price target near $265—an implied upside of nearly 100% from current levels.
This bullish SOL price prediction emerges after weeks of consolidation within a narrowing wedge formation that began in late January. The breakout above $130, aligned with a decisive candle close outside the upper trendline, confirms the pattern’s validity and invites a measured move based on the wedge’s height.
Solana Price Forecast
More so, Solana price has now reclaimed the 50-day SMA ($130.09), establishing it as short-term support.
The Relative Strength Index (RSI) at 55.59 shows rising momentum but remains below overbought levels, suggesting room for further gains without immediate exhaustion. In a bullish scenario, a sustained close above the 200-day SMA near $166 would unlock the path toward the $265 target.
However, failure to hold above $130 could invite bearish pressure, potentially invalidating the wedge breakout and pushing SOL back toward the $120 price zone.
Binance Coin (BNB) could be on the verge of a major price movement as attention turns to its upcoming debut on Kraken, one of the longest-running cryptocurrency exchanges. Traders have begun preparing for what some call a possible shift in BNB’s trading landscape.
The Kraken Binance Coin Listing
In its latest X post, BNB Chain disclosed that the native coin will be listed on Kraken, with trading set to begin on April 22 at 14:00 UTC. Per the update, the exchange will support four trading pairs: BNB/EUR, BNB/USD, BNB/USDC, and BNB/USDT.
It is worth noting that this recent development is not unusual. In November 2024, the crypto exchange revealed plans to expand its lineup with 19 new digital assets. Binance Coin was one of them, along with FWOG, DOGS, GOAT, and others. Kraken is also rolling out integration with the BNB Smart Chain to support these additions.
Based on this development, users can interact directly with the BNB network on the platform. Expectations are high after BNB was listed on one of the industry’s most security-conscious exchanges.
Based on general market perception, the listing is a big step for BNB, giving it more reach and opening doors for users to trade and explore the BNB ecosystem on a trusted platform.
CZ Reaction and BNB Price Reaction
Former Binance CEO Changpeng Zhao, also known as CZ, added humor to the conversation. Just hours after the listing news, CZ reposted the announcement and jokingly called BNB a “meme coin.”
Following his X post, the community responded quickly. For example, one X account noted that if BNB is a meme coin, it is steadily building a solid and functional ecosystem. Despite the meme joke, CZ once denied ties to TST memecoin, which suggests his post on X might be lighthearted.
Since the announcement, BNB has maintained a positive outlook. According to CoinMarketCap, BNB’s price was trading at $592.02, up 1.80% over the past 24 hours at the time of writing. Traders are closely monitoring whether the new exposure on Kraken will trigger a further bounce.
Token Listing in the Broader Crypto Ecosystem
The potential arrival of BNB on Kraken follows a growing trend in the crypto space. Major exchanges are racing to list more tokens as interest rebounds and U.S. crypto regulation begins to relax.
In a recent development, leading cryptocurrency exchange Binance announced the launch of Aergo Perpetual Contracts. This news has sparked significant excitement in the community, driving the Aergo price to a new all-time high of $0.51.
Ethereum price stuck under $1,600 despite strong U.S. job data as investors rotate into Solana and Cardano amid tech stock volatility.
Ethereum (ETH) Price Stuck Below $1,600 as Investors Pivot to Solana and Cardano
Ethereum (ETH) remains under pressure, trading below the $1,600 mark as of Thursday, April 17, while rivals like Solana and Cardano post notable gains.
Over the past week, ETH has underperformed relative to both Bitcoin and altcoins, with investor capital flowing into faster, lower-cost chains benefiting from the recent repeal of a key DeFi regulation by U.S. President, Donald Trump.
Ethereum price action today | Source: Coingecko
While Solana has surged on ETF approval news in Canada, Ethereum has been held back by concerns around controversial network upgrades and rising gas fees.
Layer-2 solutions have attempted to address these issues, but adoption has not been swift enough to offset the momentum building behind next-gen smart contract platforms like Solana, Hedera and Avalanche.
Data from CoinGecko shows ETH has declined 3% week-over-week, while Cardano and Solana gained 8% and 12% respectively.
This divergence highlights how capital rotation is weighing on Ethereum, especially with traders seeking alternative DeFi ecosystems that offer improved scalability and better yield opportunities.
Crypto Market Performance, April 2025 | Source: Coingecko
However, Ethereum’s fundamentals remain intact. With its longstanding dominance in DeFi and NFTs, any reversal in sentiment could trigger a rapid recovery — particularly if macroeconomic tailwinds emerge.
US Unemployment Claims Could Boost Demand for ETH and Broader Crypto Markets
According to the latest report from the US Bureau of Labor Statistics, initial jobless claims fell to 215,000 in the second week of April, defying market forecasts that anticipated a modest increase to 225,000.
The figure marks the lowest number of new unemployment filings in over two months and signals strength in the U.S. labor market, despite volatile market swings linked to the ongoing US trade war
This continued labor market resilience is particularly noteworthy given heightened economic uncertainty and recent equity market volatility.
US Jobless Claims Data, April 17 2025 | Source: TradingEconomics
At the same time, continuing claims rose by 41,000 to 1.885 million, reflecting a degree of volatility in long-term unemployment trends. Filings under federal unemployment programs also nudged slightly higher, increasing by 34 to 548.
However, this remains among the lowest levels recorded since President Trump took office, largely due to severance-related delays in benefit eligibility following recent terminations by the Department of Government Efficiency (DOGE).
For Ethereum (ETH) and the broader crypto market, this data paints a compelling macro backdrop. With traditional tech stocks like NVIDIA, Apple, and Tesla posting multi-day losses — largely triggered by a $5.5 billion charge at NVIDIA amid worsening U.S.-China tensions — capital has begun rotating out of equities. Crypto markets, by contrast, have remained firm.
According to CoinGecko, total crypto market capitalization is holding above $2.7 trillion despite headwinds in other asset classes.
Historically, strong employment data has been a double-edged sword for risk assets. But in this case, resilient job numbers combined with a tech-led equity downturn could prompt investors to seek alternative growth opportunities — and undervalued crypto assets like ETH are well-positioned to benefit. With ETH still trading below $1,600, the improving macro narrative may soon trigger increased demand from savvy traders seeking assets with attractive entry points.
Ethereum price action remains muted beneath the $1,600 mark, with the daily candle on April 17 closing at $1,582.15.
The Ethereum price forecast chart reveals ETH is firmly lodged in a bearish structure, trading well below its 50-day, 100-day, and 200-day simple moving averages (SMAs), currently at $1,903, $2,438, and $2,778 respectively. The wide gap between price and these long-term averages reflects strong overhead resistance and persistent selling pressure since mid-March.
Ethereum price forecast
Momentum indicators add weight to the bearish outlook. The Relative Strength Index (RSI) sits at 39.53, showing a mild recovery but still comfortably in bearish territory. Its failure to break above the neutral 50 zone signals weak buying interest and no real bullish divergence. Meanwhile, RSI’s signal line, at 36.22, closely tracks below, showing indecision without momentum follow-through.
Unless Ethereum breaks above $1,700 to challenge the 50-day SMA, downside risks prevail. A close below $1,560 could trigger a sharp move toward the next major support around $1,400. In this current setup, the path of least resistance remains to the downside.
The Shiba Inu price is indicating that it can bounce back as investors attempt to gain control of the popular meme token’s price action. SHIB appears to be creating trends that would assist in propelling it to the crucial price of $0.00002.
SHIB’s Chart Is Showing A Positive Wave Formation
Several crypto analysts have found potential bullish trends in the price action of SHIB. Analyst JAVON MARKS has indicated a common bullish divergence in Shiba Inu charts. This generally suggests that the bearish trend is losing its strength. According to the analyst, “by the numbers,” this pattern suggests bulls could be positioning to regain major control of the token’s price movement.
$SHIB (Shiba Inu) right there along with a Regular Bullish Divergence as well!
The detailed chart analysis published by trader CAPT.PARABOLIC TOBLERONE shows an Elliott Wave formation with labeled waves, suggesting SHIB may be completing a corrective phase.
The chart indicates various wave points designated by letters A, B, C, and 1-5. These adhere to the traditional Elliott Wave principle. The current level may be preparing for a fifth wave movement that may be targeting higher grounds.
The SHIB price chart has strong technical signs. It has a clear channel structure with support and resistance levels. It also indicates a potential end of a wave structure correction and some targets at various prices, of which $0.00002 is a strong target.
The SHIB/USDT currency pair is witnessing initial indications of reversing the downtrend since November 2021. Recent price action is found to be building a base for a potential uptrend.
Shiba Inu Price Levels And Resistance Areas To Watch
The way to the $0.00002 level once more poses technical hurdles for SHIB bulls. The Shiba Inu price of $0.00001190 has a limited margin of 2% rise, but it is still far from achieving the target level. Technical charts indicate a number of resistance levels that must be overcome to create a strong upward trend.
— CAPT. PARA8OLIC TOBLERONE (@CaptToblerone) April 17, 2025
The initial strong resistance appears at the $0.0000140 level. This corroborates with historical price response and wave 5 termination, evident from the technical chart.
Beyond this, the $0.0000170 zone represents another key barrier. This is because it served as both support and resistance during previous price action in 2024.
If bulls manage to maintain bullish momentum, the next key level would be $0.00002, which holds psychological importance and aligns with long-term technical structures visible on the chart. This level has acted as a major pivot point throughout SHIB’s trading history.
Solana price has recovered recently, with the cryptocurrency experiencing a 40% increase in value over the past 10 days. The SOL price surge comes as 71% of traders with open positions on Binance are betting on Solana’s upward movement. The rally has sparked increased optimism among investors, with many expecting further gains soon.
Traders Predict Solana Price Bullish Momentum
According to crypto analyst Ali Charts, many traders on Binance are positioning themselves for Solana’s continued upward movement. The data shows that 71.87% of traders with open Solana positions are betting on its price rise. This sentiment aligns with the recent surge in Solana’s value, which has increased by 40% from $95 on April 7 to approximately $133 on April 17.
This growing confidence is reflected in the trading volumes, which soared 33% in the last 24 hours to $4.53 B.
In addition, the rising interest from institutional investors, such as real estate fintech firm Janover, which added over $10 million worth of Solana to its holdings, has also contributed to the bullish sentiment. Moreover, with the launch of Solana-based ETFs in Canada on April 16, optimism for the SOL price rally is continuing to grow.
Institutional Involvement in Solana’s Growth
Solana has recently attracted significant institutional interest, with firms like Janover doubling their holdings. Janover, for instance, purchased 80,567 SOL tokens for $10.5 million, bringing its total treasury to 163,651 SOL. This move, as a result, signals a growing belief in Solana’s long-term potential as an investment asset.
Similar to the playbook of MicroStrategy’s Bitcoin strategy, Janover’s actions suggest that more traditional financial entities are exploring Solana for its growth potential and staking opportunities.
Moreover, the growing institutional adoption of Solana is not just limited to investments but also extends to its infrastructure. Coinbase has recently upgraded its Solana infrastructure to provide faster block processing and improved RPC performance.
Liquidity Inflows Strengthen Solana’s Market Position
Concurrently, another key factor contributing to Solana’s recovery is the increasing liquidity inflow into the network. Data from deBridge shows that over $120 million in liquidity was bridged from other blockchains to Solana over the past 30 days.
Ethereum contributed the largest portion, transferring $41.5 million to Solana. This influx of capital strengthens Solana’s position as a leading blockchain network, supporting its price movement.
The liquidity flow has coincided with a broader resurgence in Solana’s decentralized exchange (DEX) activity. In Q1 2025, Solana led all chains in DEX trading volume, capturing 39.6% of the market share with $293.7 billion in volume. These trends indicate a heightened demand for Solana’s services, fueling investor optimism.
SOL Price Analysis Backs Bullish Breakout
According to an analysis from TradingView, Solana’s price has broken out from a falling wedge pattern, which is typically seen as a bullish signal in technical analysis. This breakout occurred after Solana rebounded from a multi-year support trendline near $95 and moved above the upper trendline of the wedge at $120.
Traders now look toward a potential SOL price target of $200, representing a 50% increase from the current price level. As of press time, the SOL price was trading at $134, a 4.50% surge from the day’s low and 23% up from the weekly low.
SOL/USD price chart (source: TradingView)
In addition, Solana’s Relative Strength Index (RSI) has increased from 33 to 55 since early April, indicating rising bullish momentum. However, for Solana’s price recovery to remain intact, it must maintain support above the 50-day simple moving average (SMA) at $130 and overcome resistance between $160 and $180, where the 100-day and 200-day SMAs lie.
Japan’s fashion brand ANAP has announced the purchase of millions worth of Bitcoin as part of its investment strategy. The company follows in the footsteps of companies like MicroStrategy and fellow Japanese company MetaPlanet.
Japan’s ANAP Acquires $70 Million BTC As Part Of Investment Strategy
Japan’s ANAP announced in a press release that it has acquired 10 billion Yen worth of BTC (around $70 million) for its Bitcoin treasury. The company stated in the release that it had made this move as part of the group’s investment strategy, which the Board of Directors had agreed upon.
Interestingly, the company stated that the global trend of people viewing Bitcoin as a major global asset alongside the US Dollar and gold is irreversible. Furthermore, the Japanese fashion retailer stated that it believes BTC’s presence will continue to grow in the medium to long term and that there is sufficient room for its value to increase against the Japanese Yen.
Japan’s ANAP joins MetaPlanet, another Japanese company, which has long adopted a Bitcoin Strategy. It is worth mentioning that MetaPlanet has issued $10 million in zero-interest bonds to fund another round of Bitcoin purchases.
Meanwhile, this again highlights the growing institutional interest in Bitcoin, which is a major positive for the BTC price. MicroStrategy continues to lead the way as the public company with the largest BTC holdings.
Michael Saylor’s company recently acquired 3,459 BTC for $285 million and currently holds 531,644 coins, which it acquired for $35.92 billion at an average price of $67,556 per Bitcoin.
Bitcoin Breakout Still In Play
Amid Japan’s ANAP’s BTC purchase, crypto analyst Titan of Crypto has revealed that a Bitcoin price breakout is in play on the 1-hour timeframe. He remarked that after a fakeout to the downside, BTC finally broke out to the upside.
Titan of Crypto stated that the first target on this breakout is the previous daily high of $85,500, while the second target is the Tuesday high of $86,400. The crypto analyst cautioned that this could be another fakeout.
However, in another post, the analyst remarked that the Bitcoin bounce is still valid. He added that as long as the weekly 50 EMA holds, the move is still in play. His accompanying chart showed that BTC could rally to as high as $123,000 on this bounce.
Bitcoin price forecast remains clouded by political tension, with BTC holding above $85,000 as traders weigh Fed independence and rate direction
Bitcoin price hovers above $85K as Trump escalates pressure on Fed Chief Powell
Bitcoin price tethered near the $85,000 zone on Thursday despite bearish sentiment across global financial markets linked to the US-China trade war. While equity markets faced sharp drawdowns, the flagship cryptocurrency remained resilient following heightened political friction between the White House and the Federal Reserve.
President Donald Trump amplified criticism of Federal Reserve Chair Jerome Powell, suggesting potential removal after Powell reaffirmed the Fed’s legal independence during a speech at the Economic Club of Chicago. Powell emphasized that the central bank’s autonomy is protected by statute, stating, “We’re not removable except for cause.”
US President Donald Trump Criticizes US Fed Chief Jerome Powell, April 17, 2025 | Source: TruthSocial
The remarks followed a series of posts on Trump’s Truth Social account, where he labeled Powell’s policy direction “a complete mess,” accusing the Fed of missing timely opportunities to reduce interest rates despite falling inflation and commodity prices.
Trump pointed to the European Central Bank’s expected seventh rate cut as justification for immediate Fed action.
He claimed inflation was under control and called for lower rates to support economic growth.
Treasury Secretary Scott Bessent is reportedly preparing to begin interviewing candidates to potentially replace Powell later this year, adding further uncertainty to the Fed’s policy outlook.
How could Bitcoin price react to Trump’s criticism of Powell
Interest rates play a pivotal role in shaping capital flows toward risk assets like Bitcoin. Lower interest rates typically drive investors to seek higher returns in alternative markets, including crypto, making any shift in Fed policy direction a crucial signal for Bitcoin’s trajectory.
Bitcoin price action, April 17 2025, Source: Coingecko
If Trump successfully pressures the Fed into cutting rates sooner than anticipated, it could reinvigorate bullish momentum in Bitcoin and the broader crypto market.
Lower borrowing costs and increased liquidity may encourage institutional and retail investors to allocate more capital into digital assets, potentially driving Bitcoin toward fresh highs above the $90,000 level.
Such a move would also align with broader global easing trends, particularly if the ECB proceeds with further cuts.
On the other hand, if the ECB slashes rates while Powell opts for another pause, the divergence could create a temporary imbalance in capital flows.
This might strengthen the US dollar in the short term, applying downward pressure on Bitcoin and other dollar-denominated assets.
In this scenario, Bitcoin could face renewed volatility and range-bound trading, particularly if macroeconomic uncertainty persists around interest rates and inflation targets.
Bitcoin Price Forecast: BTC Faces Rejection Risks at $88,500 Resistance
Bitcoin price forecast shows a tentative bullish stance losing momentum as BTC consolidates below the $88,454 resistance, a level defined by the upper Donchian Channel band.
While BTC price remains above the midline near $81,456, this recent rejection signals waning bullish strength. The narrowing channel range between $88,454 and $74,458 highlights tightening market conditions, a precursor often to breakout or breakdown moves.
Bitcoin Price Forecast
The MACD histogram also shows fading bullish bars, while the MACD line, although above the signal line, flattens around 551—indicating momentum is stalling rather than strengthening. Should BTC lose $81,456, a move to test the lower channel support at $74,458 is likely, with further downside to $71,000 possible if selling intensifies.
However, a decisive daily close above $88,454 with strong MACD expansion could revive the bullish trend, targeting $92,000 short term. Until then, the bias leans bearish as momentum stalls and resistance caps further gains.
Coinbase exchange has made significant improvements to its Solana network infrastructure to enhance speed, resiliency, and scalability. The exchange further said that certain technical improvements have been implemented that have boosted performance numbers for Solana transactions on the exchange.
Coinbase doubles down on Solana ecosystem commitment
As per Coinbase’s announcement, the enhancements comprise asynchronously processing transactions. This has seen block processing throughput increase five times. The company has also introduced bare metal machines that have seen RPC (Remote Procedure Call) performance improve four times. These enhancements come with better failover mechanisms, liquidity optimizations, and enhanced operating controls to enhance the overall system resilience.
We’ve been hard at work scaling our @Solana infrastructure to be faster, more resilient, and more scalable.
We have upgraded our systems to: → Process transactions asynchronously, leading to a 5x improvement in block processing throughput. → Leverage bare metal machines for 4x… pic.twitter.com/WFINzCutNK
Coinbase upgraded its infrastructure, which means it wants to improve its Solana features as more and more people use the blockchain. The exchange highlighted that these technology upgrades will enable it to process transactions more effectively and dependably for senders and receivers of SOL and Solana tokens.
Coinbase said that this work is part of their dedication to achieving the best performance for Solana transactions. The company said that they will keep working on it and plan to invest more in Solana infrastructure to keep up with the growing demand as the network grows.
The upgrades are happening now because more institutional investors and developers are becoming interested in Solana. Coinbase has changed how it manages Solana’s fast blockchain by processing transactions at the same time. The announcement comes as Canada is set to approve multiple spot Solana ETFs this week.
SOL price shows bullish indicators amid institutional interest
As Coinbase improves its technical infrastructure for Solana, analysts are noting positive price action for SOL. Analyst Andrew Griffiths has identified several bullish technical indicators in his recent analysis of Solana’s price movements.
According to Griffiths, Solana has broken out of a descending parallel channel on the daily chart, retouched the trendline, and begun moving upward. The price has remained above the 21-day exponential moving average (EMA) for several days and remains above solid support around the $117 level.
**Daily Analysis:** – Price has broken out of a descending parallel channel, retouched the trendline, and is on the rise. – Closed above EMA21 for several days, overcoming an initial hurdle! – Price is above strong support around… pic.twitter.com/phvoODMj5o
Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators are still in a bearish trend on daily charts but are moving closer to the positive axis.
MACD and RSI are both bullish on the 4-hour time frame. Price is over the 22-period EMA, and the 21-period EMA is over the 55-period EMA. The 200-period EMA has been stable with current price action, and current candles have closed over all EMAs.
Institutional interest in SOL also appears to be growing, with analyst Gordon reporting that real estate firm Janover has purchased an additional 80,567 SOL worth approximately $10.5 million. This acquisition brings Janover’s total Solana holdings to 163,651 SOL in its treasury.
Dogecoin price continues to stall this week at the crucial support point at $0.15. Still, some crypto analysts believe that this consolidation could be calm before the storm before it stages a strong comeback. This article explores whether the DOGE price will rebound and how high it needs to rise to convert $10K to $100K.
Dogecoin Price Target to Convert $10K to $100K
Some analysts and investors believe that Dogecoin is one of the top meme coins that can help you convert $10K to $100K. As such, one needs a 900% surge to convert $10K to $100K.
With the Dogecoin price trading at $0.15, it needs to jump by 900% to $1.5200. This means that it needs to soar above the all-time high of $0.7375, then cross the psychological point at $1, and then move to $1.52.
A 900% surge seems unrealistic to most assets. However, history shows that such big moves are possible in the crypto market. Besides, Dogecoin price has surged by over 58,300% since inception. It jumped by over 850% from its lowest point in 2023 to its highest swing in 2024.
Some top cryptocurrencies have had similar pumps before. For example, before the Mantra price crash, it was up by over 1,000% in the last twelve months. XRP and XLM also went parabolic in November last year.
Some crypto analysts believe that the Dogecoin price has more upside this year. One of them, Javon Marks, noted that the coin has formed a bullish divergence on the daily chart, pointing to a 150% surge to $0.40.
Dogecoin Price Forecast
DOGE Price Technical Analysis
The weekly chart points to a strong bullish breakout in the longer term. It has dropped to $0.15, a notable level since it coincides with the ascending trendline linking the lowest swing since October last year.
The coin has formed a giant megaphone chart pattern, which is characterized with two broadening trendlines. It has now moved to the lower side of the wedge, pointing to an eventual surge in the coming months.
Therefore, there is a possibility that the Dogecoin price will bounce back, and possibly retest the upper side the megaphone at $0.60, which is a 280% surge from the current level.
The main caveat for this is that this pattern has formed on the weekly chart. This means that it may take months for it to hit the upper side of the wedge. For example, it has taken five months to drop from its upper side to the lower one.
Dogecoin Price Chart
Therefore, this means that the Dogecoin price will take months or even years to get to $1.52 and convert $10K to $ 100 K.
A drop below the lower side of the wedge will invalidate the bullish DOGE price forecastand point to more downside.
While the Shiba Inu price has crashed by 65% from its November highs, one crypto analyst believes it is too resilient to fail and that it is much better than other meme coins like Dogecoin and Pepe. As such, if her reasons are correct, the SHIB price will likely bounce back in the long term.
Shiba Inu Price Could Soar as Analyst Makes Her Bullish Case
A crypto analyst has suggested that Shiba Inu is too strong to fail. That is likely a reference to the “too big to fail” phrase that refers to the biggest banks in the United States.
In an X post, an anonymous analyst going by the name ShibaBaby Shib, explained that Shiba Inu had transitioned from being a meme coin into a full-fledged ecosystem with real utility.
She pointed to Shibarium, its layer-2 network that aims to compete with other players like Base and Arbitrum. Additionally, she pointed to other utility tokens in the ecosystem like BONE, LEASH, and TREAT. Each of these token has a clear utility in the crypto industry, with BONE being used to handle payments in Shibarium. She said:
“SHIB isn’t just hype—it’s a movement with infrastructure, vision, and unstoppable community strength.”
Shibarium has become a rapidly growing layer-2 network, handling over 1.05 billion transactions. It has also added over 197 million addresses over time. Its growth will contribute to Shiba Inu’s performance by increasing its burning mechanism.
In addition, unlike other inflationary meme coins, Shiba Inu continues to burn billions of tokens weekly. Burning reduces the number of coins in circulation, boosting the value of the remaining tokens.
SHIB Price Technical Analysis
The daily chart reveals that the Shiba Inu price has formed a few bullish chart patterns that point to 3x in the longer term. It formed a big falling wedge between November last year and March. A strong bullish breakout often follows this pattern, especially if it is a big one.
SHIB price has also formed a triple-bottom pattern at $0.00001080. This pattern is made up of three low swings and a neckline, which, in this case, stands at $0.000033, its highest level in 2024.
Most recently, it has formed a smaller double-bottom with a neckline at $0.00001567.
Therefore, while it is too early to predict, it is likely that the coin will bounce back, and possibly hit the neckline at $0.00003335. This SHIB price forecastis about 300% above today’s level.
Shiba Inu Price
The alternative scenario is dire for the coin. A drop below the triple-bottom point at $0.00001080 will be a sign that bears have won and push the coin much lower over time.
Crypto analyst Xia has claimed that Pi Network’s momentum is building rapidly, having recently surged past the $0.60 mark. Analysts have also predicted that the Pi Coin price could soon reclaim the $1 level, providing a bullish outlook for the coin, which has underperformed thus far.
Why Pi Network’s Momentum Is Building Fast
In an X post, Xia asserted that Pi Network’s momentum is building fast. The analyst noted that the Pi Coin price has surged past $0.63 with strong volume, reaching a high of $0.6441 before settling into a consolidation phase.
She added that the Relative Strength Index (RSI) is climbing while the Moving Average Convergence Divergence (MACD) is also turning bullish. Xia also alluded to Pi Network’s fundamentals, which are bullish for the Pi Coin price, stating that there were over 58,000 sellers and 1.8 million users on the Map of Pi during the Pi Fest adoption.
She remarked that these bullish fundamentals are undeniable and questioned why market participants were still fading Pi coin. While the analyst is bullish on the altcoin, experts like Dr Altcoin have discussed how to prevent a Pi Coin crash.
Dr. Altcoin recently called on the PiCoreTeam (PCT) to lay a proper foundation to prevent steep price drops for the token. The expert made this call in the wake of the OM price crash, with the altcoin dropping as much as 90%.
Three Factors That Could Stop Pi Coin From Falling
In another post, he outlined three factors that could stop Pi Network’s price from falling. First, he stated that there is a need to increase the number of KYB-approved exchanges for Pi Coin and expand the reach of already approved ones, such as OKX, into restricted markets, as this could grow the Pi user base and boost demand.
Secondly, he stated that Pi Coin needs more institutional buyers, with companies like BANXA purchasing up to 100 million Pi directly from Centralized Exchanges (CEXs) to help absorb the coin’s supply. A CoinGape market analysis recently revealed that Pi Coin could rally to as high as $30 if major US Banks start using Pi Network.
Lastly, Dr. Altcoin stated that there should be major updates from the Pi Core Team. These updates could include impactful announcements and product launches that significantly increase the demand for Pi and help stabilize Pi Network’s price.
A Rally To $1 Could Be On The Cards
Crypto analyst Moon Jeff recently predicted that the Pi Network price could soon reclaim $1. He remarked that Pi Coin is holding the support at $0.61 nicely. As such, he expects a pump towards the $1 resistance.
Crypto analyst PiNewsZone also asserted that the Pi Coin price will be unstoppable once it pumps above $1. The analyst urged market participants to be patient and continue accumulating as many coins as possible.
However, it is worth noting that CoinGape’s Pi Coin prediction page indicates that the altcoin may not reach $1 anytime soon and is likely to continue consolidating within this range.
XRP has been outperforming Ethereum for five straight months in terms of price performance. This is a record run in the battle between these two top cryptocurrencies. Market statistics presented in the shape of a heat map of monthly returns show that this is the first time in history that XRP has outranked ETH for so long a duration.
XRP dethrones ETH for 5 months straight
The monthly performance comparison shows XRP gaining against ETH consistently since the beginning of 2025. Major outperformance could be seen in January (47.3%), March (39.6%), and April (14.3%).
Crypto analyst Dom pointed out the historical significance of the current performance streak. He also questioned how much longer the coin’s price can maintain its advantage over Ethereum. The monthly returns chart shows this is an anomaly in the historical relationship between the two assets. Recent analyses also speculate that the Ripple price can hit $45 if the coin follows the pattern from 2017.
This is the first time in history $XRP has outperformed $ETH for more than 5 months in a row
The anticipated approval and launch of XRP exchange-traded funds appear to be a primary driver behind the asset’s sustained outperformance against Ethereum. Industry experts are suggesting that the prospect of several XRP ETFs is creating a lot of demand for purchasing ahead of regulatory announcements.
Cryptocurrency YouTuber Good Morning Crypto calls these ETF products “big vacuum cleaners” that suck the XRP out of the market. Every time an investor buys a position in an ETF, the XRP is stored by a reliable custodian, which reduces the amount of coins available for trading.
How XRP/ETfs and Market Makers will fight over XRP.
— Digital Perspectives (@DigPerspectives) April 16, 2025
There are about 18 products in development, which would drive prices considerably higher. The analyst also referenced rumors that BlackRock, which has assets under management of some $11 trillion, might soon introduce an XRP ETF. Such involvement by large companies might spur this trend further.
ETF momentum fuels the coin’s relative strength
The improving regulatory environment for XRP is creating a scenario where both investors and commercial users are competing for the same limited supply. Good Morning Crypto explained that regulatory progress in areas such as market infrastructure, taxation, and stablecoins could be completed as soon as August 2025.
Once this regulatory clarity is established, businesses will begin integrating XRP into their operational models. Market makers and payment providers who need to use XRP daily will recognize that increasing demand from ETF investors is continuously driving up prices.
This creates a compelling economic incentive for commercial users to secure their XRP supply now rather than later. As the YouTuber described, businesses realize that “today it costs less than it will tomorrow.” This will push them to purchase not just for current needs but for anticipated future requirements as well.
The monthly performance data visible in the heat map shows that this accumulation pattern may already be underway. While XRP price has historically experienced high volatility in its ETH pairing, the current five-month streak shows more consistent positive performance than in previous years.
It is worth mentioning that there has also been speculation on how high the XRP price could rise if the Swift payments integrates the Ripple network this week.
The crypto market continue to waver this week as fears of a downturn in the United States remain. Ethereum has stalled below $1,500, while Bitcoin and Ripple have remained in a narrow range. In contrast, gold and the Swiss franc have continued to attract the attention of investors because of their safe-haven roles. This article provides a BTC, XRP, and ETH price prediction and what to expect.
Swiss Franc and Gold are Doing Well as Safe Haven Demand Rises
The Swiss franc (CHF) and gold (XAU) have maintained their role as good assets as concerns about a recession remain. Gold price has surged to $3,330, bringing the year-to-date gains to 25%. It has moved to its all-time high and is one of the best-performing assets this year.
The CHF has also soared in the past few months. The USD/CHF exchange rate rose for five consecutive weeks and is trading at its highest level since 2021.
These two assets have surged because investors see them as safe-haven assets. Gold has a long heritage as a safe asset, and is seeing more demand from central banks and institutional investors.
On the other hand, the CHF is seen as a safe haven because of the strength of the Swiss economy and the fact that the country is neutral on geopolitical issues.
Bitcoin is also gaining its strong credentials as its price has remained at $84,000 this week. It has dropped by 8% while the Nasdaq 100 and S&P 500 indices have fallen by 13% and 12%, respectively.
Bitcoin vs S&P 500 vs Nasdaq 100
ETH Price Prediction
Ethereum price has crashed this year. On the 1D chart, it has slumped below the crucial support level at $2,140, the neckline of the triple-top pattern. On the positive side, the coin has formed a giant falling wedge pattern, which happens when there are two falling and converging trendlines.
These two lines are about to converge, meaning that a breakout is possible. If it does, the most likely ETH price forecastis bullish, with the initial target being at $2,140, the neckline of the triple-top pattern. The bullish outlook will be cancelled if the coin drops below $1,385, the lowest point this year.
ETH Price Chart
BTC Price Technical Analysis
Bitcoin price has remained in a tight range above $84,000, after it formed a double-bottom pattern at $76,650 in March and April. It is attempting to move above the 50-day moving average.
A move above that level would confirm the bullish outlook of the double-bottom and point to more gains to the neckline at $88,745. A surge above that level means that the BTC price may surge above $90,000.
The alternative scenario is where it pulls back and retests the double-bottom at $76,650.
BTC Price Chart
XRP Price Forecast
Like BTC, the XRP price has remained in a tight range in the past few days. It has stalled at a key resistance level where the descending trendline connects the highest swings since January. Also, the coin has found a strong resistance at the 50-day moving average.
XRP Price Chart
Therefore, a strong XRP price rallywill be confirmed if it rises above the descending trendline and the 50-day moving average. If this happens, the coin will then soar to $2.90, which coincides with the neckline of the head and shoulders pattern.
The crypto market has been under bearish pressure because of President Trump’s tariff policy. The Federal Reserve Chair Jerome Powell has also sparked concerns after his recent remarks revealed that US inflation may also rise because of these tariffs. This article explores the top altcoins that crypto traders should sell as the economic climate flips bearish.
Fed Chair Warns Tariffs Will Fuel Inflation – Time to Sell Altcoins?
According to Powell, the ongoing tariff war will have a negative impact on inflation. Following these remarks, Reuters reported that experts are also expressing concerns about US economic growth. One expert noted,
“Powell is confirming what investors have been worried about, and that is the likelihood of slowing economic growth and more stubborn inflation as a result of the tariffs.”
Meanwhile, US President Donald Trump attributes the wrangles in the financial markets to Powell’s hawkish stance on inflation. In his recent post on Truth Social, Trump noted that other central banks were lowering their rates to stimulate economic growth.
Trump Truth Social
Despite the mounting concerns, data from CME FedWatchTool shows that 87% of investors believe that interest rates will remain the same next month after the FOMC meeting. If this happens, the crypto market faces volatility, hence the need for traders to seek the best altcoins to sell to minimize risks.
Top 3 Altcoins to Sell Now to Avoid Losses
The harsh macroeconomic situation is spooking crypto investors, and some are looking for the best altcoins to sell. The top altcoins to sell amid growing concerns are Mantra (OM), Pi Network (PI), and Trump (TRUMP)
Mantra (OM)
One of the top altcoins to sell to avoid losses is Mantra. This token recently recorded one of the worst crashes in crypto history, and it is now down by 92% from its all-time high recorded only two months ago.
Despite this dip, the RSI remains historically low at 27, which highlights a bearish momentum. At the same time, the ADX line is rising, which is a sign that the downtrend is gaining strength. This technical outlook supports a bearish Mantra price prediction.
OM/USDT: 1-day Chart
Pi Network (PI)
Pi Network (PI) is also another altcoin to sell due to upcoming token unlocks. On-chain data shows that over 10M PI Coin tokens will be added to the circulating supply in the next month.
PI Token Unlocks
According to an X post by analyst Dr Altcoin, these unlocks are the main reason that the Pi Coin price is falling. These events have led to the Pi Coin market being flooded by more sellers than buyers, which is having a bearish effect on the price.
TRUMP (TRUMP)
TRUMP is also one of the top altcoins to sell as traders remain concerned about inflation and tariffs. Data from Coinglass shows that TRUMP’s funding rates have been predominantly negative in the last month. This indicates that many traders are taking long positions, further showing bearish momentum.
TRUMP Funding Rates
Summary of Top Altcoins to Sell
The Federal Reserve Chair Jerome Powell has warned that US inflation may rise again due to tariffs. His remarks have drawn criticism but have also caused concerns in the crypto industry about a possible downtrend. If the market starts to drop, the top altcoins to sell are Mantra (OM), Pi Network (PI), and the TRUMP meme coin.
The crypto market is poised for a significant rally as President Donald Trump criticized Federal Reserve Chair Jerome Powell’s interest rate cut plans. The President’s approach to cryptocurrencies, coupled with these recent comments on the Fed’s monetary policy, has sparked enthusiasm within the crypto community.
Let’s explore how Donald Trump’s urge for a rate cut could impact the crypto market and trigger a bullish rally.
Donald Trump Slams Fed Chair: How Will It Impact the Crypto Market?
In a Truth social post, US President Donald Trump shared a critique on Federal Reserve Chair Jerome Powell’s interest rate cut moves. Addressing Powell as “Too Late,” Trump condemned the latter’s monetary policy decisions as “TOO LATE AND WRONG.”
Notably, Trump’s push for Fed’s interest rate cut has sparked anticipations of a potential rally in the crypto market. Currently, the crypto market is on a neutral path, with top cryptocurrencies poised for a bullish rebound. If Jerome Powell reduces interest rates in response to Trump’s call, a bullish rally could be on the horizon.
What Drives Trump’s Criticism?
Interestingly, Trump’s criticism follows Jerome Powell’s Wednesday’s speech at the Economic Club of Chicago, which led to a notable stir in the crypto market. The Chair posited that the administration’s tariffs have put the central bank in a challenging position, forcing it to balance between controlling inflation and boosting economic growth. As a result, the Fed is adopting a wait-and-see approach, prioritizing clarity on economic trends before making further policy decisions.
Powel stated,
If that were to occur, we would consider how far the economy is from each goal, and the potentially different time horizons over which those respective gaps would be anticipated to close.
In response to Powell’s report, Trump stated, “[Powell] yesterday issued a report which was another, and typical, complete “mess!”.”
Trump Calls For Rate Cut, What’s Ahead?
Specifically, the US President’s criticism is directed towards the Fed’s interest rate cuts, invoking speculations within the crypto market. Citing the European Central Bank’s (ECB) rate cut for the seventh time, Trump noted that the Fed should have lowered interest rates long ago.
Significantly, the ECB reduced the deposit facility rate by 25 basis points to 2.25%. Reportedly, the ECB lowered its key interest rates, cutting the main refinancing rate to 2.4% from 2.65% and the marginal lending rate to 2.65% from 2.9%.
Citing ECB’s developments, Trump stated that the Fed is too late to lower its interest rates. He added, “He should certainly lower them now.”
Crypto Market Watches as Trump Calls for Powell’s Firing
Trump has criticized Powell’s monetary policies multiple times. However, this is the first time the President has explicitly called for Powell’s firing. He stated, “Powell’s termination cannot come fast enough!”
The crypto market’s reaction to Trump’s statements is uncertain, but may lead to increased volatility. Though it is unknown if Powell would lower rates, the community believes that the criticism could make a significant impact on the crypto market.
Mike Novogratz’s Galaxy firm has been making waves in the web3 industry. Today only Galaxy announced that its venture firm is set to surpass its set target of $180 million in fundraising by June 2025.
Now, in another strategic effort by it for the deeper integration of traditional finance (TradFi) with the world of digital assets, it has revealed new product launch with State Street’s Hong Kong Branch.
According to the sources, as one of the world’s largest asset manager, State Street and Galaxy’s investment arm are set to launch a new crypto investment application”soon”. The new application will be aimed at institutional and retail investors across Asia.
Notably, this launch is part of their collaborative partnership signed in June, 2024 for working on new crypto trading products together.
What is Galaxy-Side Street New Crypto App About
Set to launch later this year, the app is tentatively named “GalaxyStreet”.
Though the info about the details of the app remain scarce, the app is set to provide users with seamless access to curated crypto portfolios, real-time market analytics, tokenized asset investments, and decentralized finance (DeFi) opportunities.
According to the vision of Galaxy-Side Street partnership unveiled last year, the State Street Galaxy App will be aimed at providing democratize access to digital asset investment opportunities
Certain expected features include:
1. It can use Galaxy’s proprietary analytics to track token movements, wallet activity, and market sentiment. This will help in providing on-chain analytics and real-time blockchain monitoring
2. There can be built-in tools as well for hedging volatility, analyzing token correlations, and assessing protocol risk.
3. It will be useful for institutions and high-net-worth individuals who want more than just BTC/ETH exposure.
Given the crypto-focused ETFs that SideStreet launched with Galaxy last year, it can provide access to digital asset ETFs, managed portfolios, and potentially tokenized securities in the future.
Notably, Canada is set to launch the world’s first spot Solana ETFs this week after receiving regulatory approval from the Ontario Securities Commission (OSC).
The app seems to be developed for Institutional investors which includes asset managers, pension funds, family office and accredited retail investors too. Especially in regulated Asian markets like Hong Kong and Singapore.
According to reports, Galaxy and Side Street eyes $5 billion in AUM for the app – by end of 2026.
Notably, this app represents a milestone for institutional crypto adoption in Asia as it combines Wall Street-grade asset management (State Street) with crypto-native intelligence (Galaxy).
Regulatory Tailwinds
The Galaxy Street launch further aligns with Hong Kong’s push to become a regulated crypto hub.
Hong Kong is set to roll out an updated “virtual‑asset policy framework” by the end of 2025, which will introduce dedicated compliance licenses for over‑the‑counter (OTC) trading, custody services, and stablecoin oversight.
Thus, the regulatory clarity is improving in Hong Kong with a growing appetite for digital assets among Asia-Pacific investors.
The launch is also part of a larger trend of institutional TradFi players leaning into the crypto ecosystem amid renewed global interest in digital assets.
With Bitcoin ETFs making headlines in the U.S. and Europe, and Asia warming up to regulated crypto platforms, the GalaxyStreet app could serve as a blueprint for future collaborations.
The crypto world will be watching closely as its planned beta launch is scheduled for Q4 2025.
The crypto investors are looking for Solana and XRP spot ETF approvals, as they witness the impact that Bitcoin and Ethereum exchange-traded funds have on the digital assets’ prices. Not only can this provide the much-needed regulatory clarity, especially for the Ripple token, but it could boost its price. Now, as both the ETFs await the SEC’s approval, let’s discuss which one is better and why.
Solana ETF vs XRP ETF, Listing, Approval & Other News Updates
With the approval of the Bitcoin and Ethereum spot ETFs in 2024, investors have been awaiting the approval of the other altcoin spot ETFs. Based on the demand, the Solana and XRP exchange-traded funds are next in line. Interestingly, Canada recently became the first jurisdiction to launch multiple spot Solana ETF.
However, despite that, the U.S. is lagging in approval, as U.S. firms like Grayscale, Bitwise, and VanEck await the SEC’s approval. The same is true for the XRP exchange-traded fund, which has higher filings than SOL. Interestingly, May 22 is an important date for this Ripple token’s ETF, as the SEC might respond to Grayscale’s application.
Experts like Kaiko’s research claim that XRP is leading the U.S. Spot Altcoin ETF race and may get approved next. The prime reason behind this is the high liquidity of this digital asset on the U.S. exchanges.
Which is Better Between Solana ETF and XRP ETF?
Although both ETFs are far from approval at the time of writing, crypto experts believe their assets’ demand and performance could help in concluding which one is better. The XRP ETF approval odds in 2025 on Polymarket have reached 77%, but the same for SOL has reached 88%.
These odds have surged significantly since Teucrium launched the XRP ETF and Canada launched the Solana ETF. Moreover, Paul Atkins’s taking over the SEC also influences investors’ sentiments.
A better exchange-traded fund depends on the investor’s needs, as XRP already dominates in terms of liquidity and has less slippage. It has previously flipped Solana, and further clarity on the Ripple vs SEC case could make that happen again.
With that, the XRP spot Exchange Traded Fund seems a better option, but the approval, investors’ acceptance, and other factors could bring different results.
XRP price has shown signs of recovery today as the broader crypto market stayed in the green. But experts are not convinced about a full recovery yet. In fact, popular analysts warn that XRP could still dip sharply to $1.4 or even $1.3 before rallying toward higher price targets, potentially hitting double digits in the coming days.
XRP Price Soars But Analyst Warns Another Dip Ahead
XRP price was up over 1% today and traded at $2.09 along with its trading volume falling 6% to $3 billion. The crypto has touched a 24-hour high and low of $2.12 and $2.06, respectively, while its Futures Open Interest rose 0.5% to $3.09 billion.
However, the market pundits might not be convinced yet of a continuing rally ahead. Instead, they predicted that the crypto could slip to $1.4 or even lower before a strong rebound. Besides, with recent developments in the Ripple Vs SEC case, investors are also keeping close track of the crypto.
Analyst Warns Dip Ahead
Despite recent optimism, crypto analyst EGRAG CRYPTO suggests that Ripple’s native crypto may not be out of the woods and said “The XRP Kangaroo is Clucking”. In a recent post on X, he noted that unless XRP closes above $2.30–$2.50 on the 5-day chart, a retest of $1.85 remains likely. More alarmingly, he hinted at a possible liquidation event that could cause a temporary “wick” to $1.4.
Source: EGRAG CRYPTO, X
Meanwhile, he added that such sharp moves often come with surprise headlines. These narratives, he believes, are often orchestrated by market makers to trigger volatility. Drawing parallels with past events, the analyst highlighted how government policies like China’s mining bans or tariff announcements have been used to manipulate market sentiment.
EGRAG clarified that he isn’t trading actively right now. He’s neither shorting nor longing for the asset. Instead, he’s simply holding his position and accumulating more XRP at pre-defined levels. Despite the near-term risk, he remains confident in long-term targets at $7.50, $13, and even $27.
XRP Analyst Sees Liquidation Event As Market Tactic
EGRAG’s perspective suggests that the XRP price is vulnerable to quick, news-driven price swings. For context, the first XRP ETF goes live in the US successfully, fueling market sentiment recently. Besides, experts have said that Ripple price could hit a high of $15, citing JPMorgan’s prediction of ETF inflow.
Notably, these swings, according to him, aren’t always about fundamentals. Instead, they’re often tactics used by large players to shake out weak hands. He emphasized, “Tariffs on? The market dumps. Tariffs off? The market pumps.” This approach reflects how non-technical events are increasingly becoming tools for engineered volatility in crypto markets.
XRP Price Might Dip To $1.29 Before Rally
Adding to this cautious outlook, analyst Ali Martinez shared a similar bearish signal. He cited technical patterns that show XRP might fall to $1.29 before bouncing back. Martinez referenced renowned chart expert Thomas Bulkowski, stating that such a dip is not unusual.
“This pullback happens just to make trading interesting,” Martinez explained, referring to classic market behavior that aims to keep traders on edge. So, while a drop to the $1.4–$1.29 range looks possible, both analysts maintain a bullish long-term view.
Source: Ali Martinez, X
Considering that, the analysts have advised us to stay calm, avoid panic selling, and watch the charts. In other words, despite short-term woes, the experts are still optimistic about the long-term trajectory of the XRP price.
BNB (@cz_binance) 
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