Daily Crypto Signals: Bitcoin Consolidates Above $100K, XRP Shows Signs of Historic Rally Pattern
The crypto market continues its bullish momentum with Bitcoin consolidating above $100,000 and XRP flashing signals reminiscent of its
Quick overview
- Bitcoin remains strong, consolidating above $100,000, supported by positive macroeconomic trends and institutional confidence.
- XRP has surged over 55% from its recent low, with indicators suggesting potential for further price increases reminiscent of its previous significant gains.
- Solana's value has risen significantly, driven by strong on-chain metrics and growing interest in asset tokenization, with analysts predicting it may soon reach $200.
- Regulatory developments in Arizona have stalled cryptocurrency measures, highlighting ongoing challenges in the regulatory landscape.
The crypto market continues its bullish momentum with Bitcoin consolidating above $100,000 and XRP flashing signals reminiscent of its previous 400% surge, while positive macro trends and network metrics support further growth across major assets.
Crypto Market Developments
As Bitcoin keeps its place above $100,000 under favorable macro conditions, the crypto market is exhibiting fresh strength. A “risk-on” attitude has been stoked by the latest US-China trade agreement, which calls for a 90-day tariff freeze and 115% decrease on both sides. The CBOE Volatility Index (VIX) declining to its 30-year average of 20 from a peak of 60 earlier this year adds even more evidence for this change.
With the US Consumer Price Index (CPI) declining to 2.3% year over-year in April—the lowest since February 2021 and below consensus forecasts—inflation data is showing a favorable picture. This relieving of inflationary pressure would raise the possibility of Federal Reserve rate reduction in 2025.
Significantly in terms of institutional changes, Coinbase will be joining the S&P 500 on May 19, the first cryptocurrency company to be included on the esteemed index. After the announcement, COIN shares climbed 8.8%, therefore raising its market value to $52.8 billion. VanEck is also joining established financial companies like BlackRock and Franklin Templeton in the expanding RWA area as it is introducing first tokenized real-world asset fund offering exposure to US Treasury notes.
Regarding regulations, Arizona Governor Katie Hobbs vetoed two important cryptocurrencies measures allowing state agencies to take crypto payments and creating a Digital Assets Strategic Reserve Fund.
Bitcoin Holds Around $104,000
Bitcoin’s BTC/USD consolidation above $100,000 coincides with positive signals on market mood. Reflecting trends like to those seen following the April 2024 halving, the Bitcoin Bull Score Index has jumped from 20 to 80, its highest score in 2025.
With over $5.7 billion pouring into Bitcoin ETFs in only three weeks, institutional confidence is rebounding rather powerfully. US spot ETFs now have total assets under control of a record 1.26 million BTC.
Still, some analysts advise caution. With Bitcoin’s open interest reaching almost all-time highs at $68 billion, the market is clearly highly positioned. With their Cryptoasset Sentiment Index at its highest level since November 2024, André Dragosch of Bitwise Asset Management cautions that Bitcoin could be outpacing itself.
Since March, with changes in US policy guiding money into politically neutral assets, Bitcoin has demonstrated a greater association with gold than equities. Should gold move into a corrective phase, Bitcoin might do the same. Furthermore, seasonal trends point to possible headwinds since June and September have always been the lowest performing months for Bitcoin.
XRP Surges 55% From Local Bottom
XRP XRP/USD has rebounded by more than 55% since establishing a local bottom around $1.61 in April, today trading around $2.58. Technical and on-chain studies point to possible price spikes evocative of its 2024 boom.
Data on whale flow reveals a clear reversal of trend. From November 2024, before the correction from above $3.55 to under $2.00, XRP whale wallets had been declining holdings. This trend has inverted as of mid-May; the 90-day moving average of net flows is now positive.
Such reversals historically have signaled XRP’s significant lows. Starting when whale outflows slowed and finally turned to net inflows, XRP’s surge from roughly $0.43 in July 2024 to $3.55 in January 2025—about 400% gains—was especially noteworthy.
Technical indications confirm this view; on the 3-day chart, XRP breaks out from a multi-month declining wedge formation. Though analysts highlight intermediate opposition around $2.80, the breakout estimates a price objective near $3.45, roughly 40% above present levels.
More Gains in Solana Incoming?
Solana SOL/USD token rose 24.8% between May 6 and May 10 after Bitcoin broke beyond $100,000. Currently trading at $184, on-chain data point to more increases even with recent correction.
With its $10.9 billion total value locked (TVL) more than the whole Ethereum layer-2 ecosystem, Solana has become known as a DeFi powerhouse. Among notable 30-day TVL rises include Marinade (up 56%), Jito liquid staking (up 41%), and Raydium DEX (up 78%).
With $43.3 million in fees over a recent 30-day period—a 109% rise from the month before—the network is making big income. With 65% of supply already locked, this increasing fee income fuels demand for SOL.
Derivatives data reveals good SOL appetite, with an 8% permanent future financing rate. Analysts predict SOL might reach $200 soon, still trading 40% behind its all-time high of $295.
Growing interest in asset tokenization on the Solana blockchain, prospective approval of a spot Solana ETF in the US, and possible inclusion in state-level digital asset reserves might all be catalysts for SOL’s ongoing ascent.
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