Altcoin
XRP Whales Accumulate Over 90 Million XRP Ahead Crypto Summit
XRP whales have shown no signs of slowing down their accumulation spree as they continue to load up coins. Over the last 72 hours, whales have bought over 90 million XRP as the ecosystem braces for an announcement that could send prices on a rally.
XRP Whales Accumulate 90 Million Coins Valued At Nearly $250 Million
Onchain analyst Ali Martinez has identified significant whale activity in XRP’s ecosystem in the build-up to the White House Crypto Summit. In the last three days, XRP whales have purchased over 90 million XRP in a massive accumulation spree.
The total value of the XRP whales’ purchase stands at nearly $250 million, reversing a mass whale dump at the end of February. The recent whale accumulation follows a raft of positive metrics for XRP as investors ready themselves for a rally-inducing bull run.
Apart from the recent purchases, XRP whales have transferred over $5 billion worth of coins between addresses during the week. Furthermore, XRP’s active addresses have surged to 462,000 from lows of 74,589 as the plot thickens.
On the flip side, there are fears that the accumulation may be a classic “pump and dump” ahead of the White House Crypto Summit.
Is Something Big Incoming?
While on-chain indicators are largely positive for XRP, recent fundamentals are pointing to incoming positives for the ecosystem. The inclusion of the coin in the Crypto Strategic Reserve signals regulatory acceptance for the project in Washington.
For now, a potential big announcement will be the dismissal of its long-running case against the US SEC. There have been speculations that a Ripple SEC lawsuit could be next after the Commission agreed to dismiss the Kraken lawsuit
Furthermore, there are whispers that Ripple co-founder Brad Garlinghouse may be tapped for a government appointment. The community is hinging their theories on Garlinghouse’s attendance at Friday’s White House Crypto Summit.
XRP whales and the rest of the community expect the policy discussions at the summit to be largely bullish for the embattled project. At the moment, the crypto is exchanging hands at $2.60, rising by 5% over 24 hours, buoyed by growing optimism.
Aliyu Pokima
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Crypto analyst DOGECAPITAL has provided an ultra bullish outlook for the Dogecoin price, predicting it could reach as high as $90. The analyst also revealed when the foremost meme coin could reach this price target.
When The Dogecoin Price Could Reach $90
In an X post, DOGECAPITAL predicted that the Dogecoin price could reach $90. He noted that the price target was the highest point of a red area, which he believes the top meme coin could peak at in this market cycle. Interestingly, the analyst’s accompanying chart showed that DOGE could reach this price target by the end of 2025, which he noted.
Based on DOGECAPITAL’s analysis, this parabolic rally to $90 will happen in phase 3 of the meme coin’s bull run when it reaches this parallel red zone. This move will mirror previous cycles when Dogecoin reached its peak before starting a new cycle.
The analyst noted that the bottom of that red zone sits at $26, his minimum target for this cycle. He said that the bottom of this red zone could gradually increase over time due to the slope of the line. Meanwhile, DOGECAPITAL claimed that the timing of DOGE’s approach to this red zone will determine when market participants can expect this cycle’s ultimate peak.
In the meantime, DOGECAPITAL noted that the weekly candle continues to hold the same parallel line level, mirroring its behavior during the 2017 and 2021 bull runs. He predicts that phase 2 of DOGE’s bull run will begin once the bottom is fully confirmed. The accompanying chart showed that the Dogecoin price will surge above $2 during this phase 2 of its bull run.
DOGE Could Soon Hit $3
Crypto analyst Trader Tardigrade recently predicted that the Dogecoin price could hit $3. This came as the analyst revealed that DOGE’s monthly candle had formed a Doji, which was mirroring the same position in the previous cycle.
The analyst remarked that this Doji might kick off a bull run for the DOGE price, similar to the massive spike in 2017 and 2018. His accompanying chart showed that the top meme coin could reach $3 as it records this massive spike.
Meanwhile, crypto analyst Ali Martinez stated that if the Dogecoin price maintains support at the channel’s lower boundary at $0.17, it could trigger a strong rebound toward $2.74.
However, according to a CoinGape market analysis, there is still the possibility of DOGE suffering downward pressure before any potential price rebound. The analysis noted that the Dogecoin price is on the verge of forming a death cross, which may trigger a 42% crash to a five-month low of $0.11.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Tron founder Justin Sun is rippling with optimism over the future of Tron (TRX) as he eyes a new price level. According to Sun, TRX’s price will reach a new all-time high (ATH) despite the current on-chain indicators and fundamentals around the asset.
Justin Sun Targets New All-Time High For TRX
Barely three months after TRX hit an all-time high, Justin Sun says the asset will surpass its previous milestone. The project’s founder took to X (formerly Twitter) to predict the future price of TRX amid a cloud of uncertainty.
For Justin Sun, TRX will set another all-time high in the coming months following a steep drop in asset prices. TRX set a new all-time high of $0.44 in December 2024 on the back of a broader altcoin rally but recent prices pale in comparison.
“TRX will hit ATH no matter what happens,” said Sun in an X post.
With prices at $0.24, TRX has fallen by 44.22% from its all-time high but analysts are still sharing a similar sentiment with Justin Sun. TRX’s seven-day chart indicates a steady upward climb of nearly 7%, sparking speculation that TRX will reach $1.
Tron Network’s Activity Heats Up To A Boil
Despite trading at nearly 50% from its all-time high, the Tron network is recording impressive network activity. Onchain analyst Ali Martinez confirmed that active addresses have reached 2.94 million, marking a two-month high.
Pseudonymous analyst Crypto Patel revealed that TRX is barrelling toward $1, expressing confidence that the asset will reach the target in this bull run.
A hefty investment by Justin Sun in the Trump family-backed World Liberty tokens has fuelled speculation for an upward climb for TRX. However, the exclusion of the TRX in the Crypto Strategic Reserve has left a bad taste in the mouth of investors.
Amid speculation involving TRX, the Chinese-born entrepreneur is grappling with his fair share of legal troubles. Justin Sun is staring down at the possibility of a lawsuit from blockchain protocol Chain for market manipulation. The US SEC is exploring a resolution to Justin Sun’s civil fraud case following the securities watchdog dismissal of Kraken’s case.
Aliyu Pokima
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Cardano price is facing increased selling pressure as the price moves within a descending triangle pattern, a technical formation that traders often associate with bearish momentum. The altcoin has been trading below key resistance levels, with its movement showing signs of consolidation near a critical support zone. As bearish sentiment grows, traders are closely watching the price action to determine whether ADA will break below or attempt a recovery.
Will Cardano Price Hold Key Support?
Analyst Winghaven Crypto has taken to X, pointing out that Cardano broke below a symmetrical triangle on the 4-hour chart, confirming a bearish trend. The breakdown suggests that the selling momentum is increasing, pushing ADA toward lower support levels. The current market structure indicates a continuation of downward pressure unless buyers step in to defend key price zones.
The immediate resistance level for Cardano price is at $0.85, where previous price rejections have occurred. If ADA fails to reclaim this level, the probability of further declines increases. On the downside, support is identified at $0.76, a level that has held firm in recent sessions. A failure to maintain this support could open the door for a deeper decline toward $0.68, a level that aligns with previous demand zones.
Despite the bearish outlook, Cardano whales have been aggressively accumulating, adding 420 million ADA since Donald Trump’s announcement about the US Crypto Reserve, including altcoins like XRP, ADA, and SOL. Analysts believe that if bullish momentum sustains, ADA price could rally toward $12, marking a long-term breakout.
Trend Reversal or Further Decline?
A sustained move above the $0.85–$0.90 range could signal a potential shift in momentum, possibly reversing the bearish outlook. If Cardano price manages to break above this resistance, it could regain bullish strength and attract renewed buying interest. However, the downward-sloping trendline continues to act as a strong barrier, limiting upward movement.
In contrast, if the current selling pressure persists, ADA may struggle to hold its support. A confirmed break below $0.76 would likely lead to additional downside moves, potentially testing $0.70 or lower. The declining trading volume further indicates weak buyer participation, which may hinder any immediate recovery efforts.
Analyst Ali Martinez Weighs In
Analyst Ali Martinez has also provided insights into the current Cardano price action. According to his latest analysis, ADA is consolidating within a descending triangle pattern, which is often considered a bearish continuation structure. His analysis suggests that the breakout direction will determine the next major price movement, with potential for a 33% price swing.
Martinez emphasizes that if Cardano price breaks below key support, further losses could follow. However, if buyers manage to push the price above the descending trendline, it could spark an altcoin rally, leading to a strong recovery.
In the meantime, Cardano investors remain optimistic, closely watching for a breakout above the $1.14 resistance level to confirm a rally toward $2. Despite the recent price dip, analysts highlight the right-angled descending broadening wedge pattern as a bullish signal. With Cardano price inclusion in the U.S. crypto stockpile, market sentiment remains strong.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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