Kategorie: Crypto Analysis

• Trading below the 100-hourly SMA, signalling bearish momentum.
• Key support levels are $2.280, $2.260, and $2.2320.
• Bulls need a clear move above $2.3720 to shift short-term trend.

XRP has lost momentum again, dropping by 1.05% over the last 24 hours to trade at $2.29.

After a brief attempt to recover, bulls failed to break through the $2.36 resistance zone, leading to renewed selling pressure.

Market data from Kraken shows the XRP/USD pair remains under its 100-hourly Simple Moving Average (SMA), with technical indicators pointing to a potential retest of key support levels if selling continues.

This latest decline follows a modest bounce from a local low of $2.2670 earlier in the week.

XRP’s price action reflects broader weakness in the crypto market, where top tokens are struggling to maintain momentum amid macroeconomic uncertainty and regulatory headwinds.

Rising expectations of delayed interest rate cuts in the US have added pressure across all major risk assets, including cryptocurrencies.

XRP faces heavy resistance at $2.36

XRP briefly rallied above $2.320 and $2.350 earlier in the week, even climbing past the 23.6% Fibonacci retracement of the downward wave from $2.4768 to $2.2670.

It also broke a key descending trend line at $2.305, offering short-term optimism.

However, this recovery stalled at the $2.360 level—currently acting as the first major resistance.

Without a clear breakout above this zone, bears regained control, pushing the price back down to $2.29.

A move above $2.3720, which aligns with the 50% Fib retracement, would be needed for momentum to turn.

Until then, XRP remains technically weak and vulnerable to further short-term declines.

Price at risk of deeper decline below $2.260

XRP is now hovering just above the $2.280 support zone.

A sustained break below this could send the token toward $2.260. Below that, support levels sit at $2.2320 and $2.2000.

The 100-hourly SMA continues to act as a barrier to upside movement, and the chart structure still shows lower highs, confirming a bearish trend.

A close above $2.360 would be needed to change short-term sentiment, but with selling pressure intensifying, further downside remains a possibility.

Meanwhile, Ripple Labs, the company associated with XRP, continues to expand its partnerships and utility-based applications globally, including ongoing developments in central bank digital currency (CBDC) platforms.

However, these advancements have yet to translate into consistent price support for the XRP token, which remains closely tied to speculative flows and broader market sentiment dynamics.

Wider market uncertainty weighs on altcoins

The drop in XRP mirrors caution across the broader digital asset market.

Bitcoin and Ethereum have also faced resistance in recent sessions, with traders reluctant to make strong moves ahead of macroeconomic data from the US.

With no immediate bullish catalysts and interest rate speculation weighing on investor sentiment, altcoins are particularly vulnerable to further downside movement.

XRP’s next moves will likely depend on whether it can hold above the $2.260 zone.

A breakdown could extend losses and signal a deeper correction, while any bounce will require a clear move above the $2.36 and $2.3720 levels to be sustained.

The post XRP drops 1.05% to $2.29 as key resistance blocks further gains appeared first on CoinJournal.

• ADA is currently priced at $0.7677, down 0.04% in the last 24 hours.
• A bullish MACD crossover has formed, supporting short-term upside.
• ADA futures open interest dropped 0.43% to $920.12 million.

Cardano (ADA) has recorded an 11% monthly gain so far in May, buoyed by a technical bounce from the $0.72 support level.

However, underlying market indicators raise caution.

Despite recent bullish momentum, ADA continues to struggle within a tight trading range and faces potential bearish pressure from weakening derivatives data.

At the time of writing, ADA is priced at $0.7677, reflecting a minor 0.04% decline over the last 24 hours.

On the 4-hour chart, ADA rebounded from the 200-period exponential moving average (EMA) at $0.74, climbing toward a short-term resistance level of $0.7745.

This movement marks the latest attempt to retest the $0.84 resistance zone, which Cardano last approached on 13 May and 23 May.

Yet, the upside move has been met with hesitation.

The token remains stuck between the key $0.72 and $0.77 levels — a range that analysts are closely monitoring as a “no-trade zone” due to limited directional clarity.

Mixed technical signals

Currently, ADA is consolidating above the 200-day EMA, with the moving average structure offering some near-term support.

The MACD indicator has formed a bullish crossover, further confirmed by positive histogram bars.

This setup suggests that buyers still maintain some control over short-term price action.

However, not all technical signals are aligned. A bearish crossover between the 50- and 100-day EMAs is beginning to form.

If ADA breaks below the 200-day EMA, this crossover could result in a “death cross” scenario — a historically bearish technical pattern that often signals extended declines.

Cardano’s ability to maintain momentum will likely depend on whether it can break through the $0.77 resistance barrier.

A successful breach could lead to a rally back toward the $0.84 level.

In contrast, failure to hold above $0.72 could see ADA retesting longer-term support near $0.70.

Derivatives data weakens

While spot prices hold firm, data from the derivatives market presents a less optimistic view.

According to CoinGlass, open interest in ADA futures contracts has declined 0.43% to $920.12 million.

This declining activity in the derivatives space reflects weakening trader interest and reduces the likelihood of a strong breakout.

It also indicates that large speculative positions are being trimmed or closed, a trend that often leads to price consolidation or short-term reversals.

ADA at a critical level

Cardano’s price action now depends on whether it can decisively break out of its current range.

While there is potential for a move back to $0.84 if bulls regain momentum, current market dynamics suggest ADA could remain range-bound or even experience renewed selling pressure.

Volatility in the broader crypto market has also contributed to ADA’s stagnation.

Bitcoin is currently holding near the $109,000 level, and major altcoins are consolidating after strong April rallies.

Without a strong catalyst, Cardano may struggle to attract fresh inflows in the short term.

As of now, ADA remains in a technical holding pattern, with both bullish and bearish scenarios in play.

The next few trading sessions will be critical in determining whether Cardano can reclaim its March highs — or face another leg lower.

The post Cardano gains 11% in May, but weak derivatives data hint at looming pullback appeared first on CoinJournal.

• Cardano has surged more than 65% since its April low of $0.5114.
• Derivatives open interest hits 2025 high of $917 million.
• A breakout above $0.85 could send the price to $0.93 in the near term.

Cardano’s ADA token is once again in the spotlight after bouncing sharply from its April lows to reclaim the $0.80 mark.

The move follows a surge in Bitcoin to a fresh all-time high of $111,861 on 22 May, which lifted sentiment across the crypto sector.

This broader market optimism has pushed ADA up over 65% from its recent trough, fuelling a renewed bullish narrative.

Analysts are now watching closely to see if Cardano can sustain momentum and test the next resistance zone near $0.93 in the days ahead.

At the time of writing, Cardano is trading at $0.8026.

Cardano price structure signals upside continuation

Cardano’s current rally comes after a volatile two-month stretch that saw its price tumble from $1.19 on 2 March to a low of $0.5114 by 2 April — a 57% decline driven largely by profit-taking.

Since that low, ADA has steadily climbed, reclaiming $0.84 on 10 May before a minor pullback to $0.71 on 19 May.

The rebound above $0.80 this week suggests resilience in bullish structure, characterised by higher lows and a break above a rising trendline.

Key Fibonacci retracement levels show support at $0.7526 (0.236 Fib) and immediate resistance at $0.8533 (0.5 Fib).

A confirmed breakout above this zone could lead to a retest of $0.934 (0.618 Fib) in the short term.

This price structure is further reinforced by the RSI, which recovered from 45–48 last week to 61.13 on 22 May, indicating strengthening buying momentum.

The MACD also completed a bullish crossover on 21–22 May, and green histogram bars have continued to expand, adding confirmation to the upward trend.

BBTrend, volume, and derivatives metrics confirm momentum

The BBTrend indicator, which measures directional strength based on Bollinger Band volatility, has flipped significantly, moving to +8.9913 — the most bullish reading in months.

This shift signals not only increased price volatility but also a directional tilt in favour of bulls.

Volume and derivatives data further confirm the bullish outlook. Open interest in ADA-related derivatives markets has surged to $917 million, the highest level seen in 2025.

This jump in open positions suggests increased confidence and capital deployment from traders, which supports the sustainability of the ongoing rally.

Spot trading volumes have also picked up after a slow start to the month, indicating stronger retail participation as ADA regains price levels not seen since March.

Key price levels to watch this week

Traders are closely watching the $0.85 resistance zone. A successful breakout above this could accelerate gains toward $0.93–$0.94 over the next 7–10 days.

On the downside, the $0.75–$0.77 support band remains critical. A breakdown below this range could expose ADA to deeper losses, possibly toward $0.72 or even $0.647 if selling pressure increases.

While the overall technical setup remains bullish, much depends on whether the price holds key support levels and maintains current volume momentum.

The post Cardano price surges past $0.80: where is ADA headed? appeared first on CoinJournal.

Bitcoin price rallied to a fresh all-time high of $111,881 earlier on Thursday as the bulls eye $120,000. With the heightened risk-on mood, leading altcoins and meme coins, including Ethereum and Ripple, have recorded significant gains. 

Notably, the Bitcoin-led rallying has attracted more buyers to the first meme ICO on the Bitcoin network, Bitcoin Pepe. The project, which is already experiencing a surge in investor interest ahead of its presale end on 31st May, is set to record 100X growth in coming months. Indeed, it has already announced CEX listings. 

Ethereum ETF records streak of daily inflows as investor interest surges

Ethereum bulls have succeeded at defending the crucial support zone of $2,500; bolstering the top altcoin to a one-week high as Bitcoin reached a new all-time high. At the time of writing, ETH was trading at $2,683; slightly lower than the three-month high it hit last week. 

In addition to the price action, US ETH spot ETFs are moving in tandem with the bullishness in the broader crypto market. Data released by SoSoValue highlights a streak of inflows over the past four sessions. 

On Wednesday, BlackRock’s ETHA topped daily net inflows at $24.86 million. At the same time, Fidelity’s FETH recorded daily net outflow of $24.28 million will the rest in the top 9 list had zero flows.

On its daily chart, Ethereum price continues to trade above the 25 and 50-day EMAs. With the heightened risk-on mood, I expect the crypto major to continue holding steady above the crucial support zone of $2,500 as the bulls strive to hit a fresh 3-month high at $2,750.

Interest in Bitcoin Pepe skyrockets as Bitcoin hits new all-time high

On 11th February, Bitcoin Pepe presale started and in the first 90 seconds, it had already sold out stage 1. Indeed, it raised over $1.2 million on its first day as investors rushed to be part of this one-of-a-kind project. Its attractiveness was largely founded on its mission of using a Layer-2 solution to merge the meme culture and Bitcoin’s security. It sort to bring meme coins back home to the most secure network and investors were sold.

Three months later, that momentum has not slowed. Infact, since Bitcoin Pepe announced a CEX listing on 31st May, investors are rushing to amass some BPEP tokens at the current price of $0.0359. With its robust growth potential, this might be the lowest price that the meme crypto will ever get to moving forward. 

So intense is the FOMO, that the project has raised over $1 million in just one week. Since the start of the 90-day presale, it has raised over $10 million. As the presale flows skyrocket and Bitcoin hits a new all-time high, crypto enthusiasts have a short window to enter the market and watch as their initial investment grows a hundred-fold. Hurry up and buy Bitcoin Pepe here.

Ripple price defies path set by bearish pattern as market sentiment improves

Over the past one week, Ripple price has largely been trading within descending trend lines as the market processed the court’s rejection of the Ripple Labs – SEC joint agreement request. As Bitcoin’s fresh all-time high boosts the sentiment in the broader market, XRP appears to be attracting more buyers. 

A look at its four-hour chart shows the 25 and 50-day EMAs converging at the crucial support zone of $2.3865. With the probable formation of a bullish golden cross pattern, the range between that support zone and $2.4550 is worth watching. 

Past that level, more buyers may bolster the altcoin to the next target at $2.5000. On the flip side, a pullback would place the support level at $2.3464 as the bulls keep the crypto off the previously formed descending trendlines.

The post Ethereum and XRP prices regain momentum as Bitcoin Pepe gains steam appeared first on CoinJournal.