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TL;DR The broader crypto market was revived in the past week as bitcoin finally broke above $100,000 and tapped a new multi-month peak at over $104,000. Many altcoins, such as DOGE , SOL, and HYPE, posted impressive gains, and so did ETH. In fact, Ethereum’s weekly increase stands at over 31%. At the same time, XRP is also in the green, of course, but its weekly surge stands at just over 9%. On a monthly scale, it has added 21% (impressive, yes) but nowhere near as notable as ETH’s 54% surge or even BTC’s 28% jump. What’s even more surprising is that the SEC officially filed for a settlement in the legal case against Ripple Labs and wants just a $50 million penalty payment, which is a fraction of the $2 billion it initially asked for. Nevertheless, XRP still managed to break through an important resistance set at $2.26 and closed well above it on the daily. The short-term target for the asset is at $2.6, said Ali Martinez, who posted an update today with even more good news for XRP’s future price performance. The analyst with over 137,000 followers on X said the SuperTrend Indicator had just flashed a buy signal for XRP. Chad Steingraber found some similarities between the current market structure and the events that transpired in January. At the time, XRP’s Open Interest soared to almost $5 billion, and its price skyrocketed from $2.3 to roughly $3.4 within a week. Now, the Open Interest is close to those levels. BitGuru noted that XRP had broken out of a double bottom and is “riding a strong uptrend with higher highs.” If it manages to stay above $2.23, which is far below the current price tag of $2.4, it could experience another bullish leg up, they added.

The Solana price today surged over 20%, hitting intraday highs near $176 before cooling off slightly around $172. On the weekly chart, SOL has convincingly reclaimed the 0.5 Fibonacci retracement level at $156, a zone that previously acted as a mid-cycle support. This reclaim now opens the door for a possible retest of the 0.382 Fib level at $189 — the next major resistance barrier in Solana’s recovery arc. The Solana price action is being driven by a clean bullish breakout on the 4-hour chart, where price broke above a multi-week triangle formation and surged past multiple horizontal resistance zones, notably the $162–$167 band. This marks a strong technical shift as bulls absorb previous selling zones with volume. Momentum indicators on the 4-hour chart remain strongly bullish. The price is trading well above the 20/50/100/200 EMAs, with the shortest EMAs fanning out upward — a classic trend confirmation. The Bollinger Bands are widening, reflecting rising Solana price volatility, and the upper band is now pushing above $181. This suggests that if bulls retain control, a move toward that band is likely in the next 24 hours. On the 30-minute chart, however, the RSI is cooling from overbought territory (currently near 57), and MACD shows weakening histogram bars despite remaining in bullish territory. This short-term loss in momentum could cause consolidation between $168 and $174 before any fresh leg higher. The upper resistance near $175–$176 is further reinforced by a descending trendline on the intraday chart, suggesting bulls may need more volume to breach it decisively. The short-term breakout has been fueled by a combination of strong technical structure and momentum shift across altcoins. Solana’s clean break of $160 triggered cascading buys, with confirmation from mid-timeframe trendline breaks and volume surges. Moreover, Solana price today is trading above its 50-day moving average for the first time since early April, which adds to the bullish tailwind. On the daily chart, SOL has left behind a strong bullish engulfing candle with volume that wipes out the past week’s consolidation. Should the price sustain above $167, the next critical hurdle lies at $175, and a successful breakout there could set up a drive toward $189 — the 0.382 Fib retracement. Looking ahead, Solana price will likely face short-term resistance near $175–$176. A decisive break above this level could accelerate gains toward $181 and possibly $189 in the near term. However, a rejection here would likely send price back to the $162–$167 region, which now acts as a key support zone. A loss of $162 could expose lower levels like $155 and even $147, though current indicators favor the bulls. This Solana price update follows previous coverage where we highlighted the $155 level as a critical support — a level that now appears firmly reclaimed. With EMAs aligned and mid-timeframe RSI still supportive, the bias remains bullish for now. Solana Price Forecast Summary Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The world of cryptocurrency is never short on surprises, and recent cryptocurrency news highlights a significant move involving one of the most prominent political meme coins: the TRUMP token. Reports have surfaced indicating a massive crypto exchange deposit from a wallet allegedly linked to the TRUMP team. This isn’t just any deposit; we’re talking about a substantial amount that has certainly caught the attention of market watchers and the broader crypto community. According to blockchain analytics firm Lookonchain, a wallet associated with the TRUMP team initiated a large transfer of tokens. Within a remarkably short timeframe of approximately 30 minutes, a staggering 3.5 million TRUMP tokens were moved to various centralized exchanges. At the time of the report, this deposit was valued at an impressive $52.66 million. Such a large movement of assets from a single wallet to exchanges is often referred to as whale activity in the crypto space. ‘Whales’ are individuals or entities holding significant amounts of a particular cryptocurrency, and their movements can potentially influence market dynamics due to the sheer volume involved. When a significant amount of a token is deposited onto centralized exchanges, it typically suggests that the holder intends to sell or increase liquidity available for trading. This potential increase in selling pressure can sometimes lead to price volatility or downward movement, depending on market conditions and the actual execution of trades. For a token like TRUMP, which falls under the category of political meme coins and has seen considerable attention and price swings, such a large deposit is particularly noteworthy. It raises questions about the team’s intentions, whether it’s strategic liquidation, market making, or something else entirely. The 3.5 million TRUMP tokens weren’t sent to just one location. The deposit was distributed across several major cryptocurrency exchanges. Here’s a breakdown of where the tokens landed: The distribution across multiple high-volume exchanges like Binance and Coinbase, along with others, suggests a potential aim to access broad market liquidity. This multi-exchange approach is a common strategy for large holders looking to execute trades without causing excessive slippage on a single platform. This significant crypto exchange deposit is bound to spark speculation within the community. For holders and potential investors of the TRUMP token, this whale activity could be interpreted in several ways: The impact isn’t necessarily confined to just the TRUMP token. As one of the leading political meme coins, its significant movements can sometimes have ripple effects or draw attention to the broader political token niche within the crypto market. For those involved in trading or holding the TRUMP token or other political meme coins, this news warrants attention. While a deposit doesn’t automatically mean selling, it increases the potential for it. Key takeaways include: This event underscores the importance of staying informed about significant whale activity and major crypto exchange deposit events in the tokens you follow. The deposit of $52.66 million worth of TRUMP token into major exchanges marks a significant event for this prominent political meme coin. While the exact intentions behind this massive crypto exchange deposit remain subject to speculation, the potential implications for market dynamics are clear. As the cryptocurrency news cycle continues, market participants will be closely watching the price action and further developments related to this substantial movement of assets, analyzing the potential impact of this whale activity on the TRUMP token and the broader political token landscape. To learn more about the latest crypto market trends , explore our articles on key developments shaping political meme coins price action. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

$METIS another leg up will start soon. Ethereum is showing strength, which means METIS will definitely rally. I think a correction to $19 followed by the next leg up towards $28-$30 is highly likely. Metis is not just a $ETH L2 but its a modular multi-chain infrastructure + AI specialized chain leader.

Bitcoin’s recent price ascent took the asset to a new multi-month peak of over $104,000 where it faced some resistance and now sits above $103,000. Many altcoins continue to post impressive gains, with ETH standing well above $2,300, while DOGE has soared past $0.21. If we roll back the clock to May 6, we will see that BTC’s price was just rejected at $98,000, and the asset had slipped back down to under $94,000. Although this $4,000 price drop might sound painful, a broader look would show that bitcoin has still added roughly $20,000 since the early April lows. Impressive, right? Well, the primary cryptocurrency wasn’t done yet, not by a long shot. It bounced off that support line, and it took about a day to fly past the coveted $100,000 line. As such, BTC stood within a six-digit price territory for the first time in over three months. The gains kept coming on Friday as bitcoin exploded to its highest price level since late January of over $104,000. It met some resistance there and was pushed south by a few grand, but that was short-lived. As of now, BTC stands well above $103,000 – a 7% weekly surge and a 26% monthly pump. Its market capitalization has risen to $2.050 trillion, while its dominance over the alts has taken a hit and is down to 60.5%, as many altcoins have registered mindblowing price increases. Many altcoins have doubled down on yesterday’s price increases with massive gains today as well. ETH is among the leaders as another 6% surge has taken it to $2,350 where it faces a crucial resistance. Binance Coin, Solana, Avalanche, and Shiba Inu have marked similar pumps, while DOGE has risen by over 12% and now trades above $0.21. As a whole, the meme coins have posted the biggest gains, with PEPE and FARTCOIN leading the charts with substantial double-digit price increases. The total crypto market cap has surged to $3.4 trillion on CG. This means that the metric has added roughly $400 billion since May 6 .