Key Developments in Ripple (XRP), Potential Bull Run of Cardano (ADA) and More: Recap of May 23 Crypto Events

The Ripple (XRP) cryptocurrency has seen minor gains recently due to factors such as whale activities and the SEC’s delayed decision on XRP ETF applications. In contrast, Cardano’s (ADA) token has surged by 16% with indicators suggesting a potential large rally.

This followed investors' shift from centralized exchanges to self-custody methods, reducing selling pressure. The meme coin, DOGE, has caught the eye of industry participants with a 35% monthly rise.

Analysts predict a rally to $0.31, supported by increasing whale activity, transaction volume, and user engagement. Bitcoin's price is up 7% in the past week, while XRP has only seen a 1% rise.