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Robert Kiyosaki, the author of "Rich Dad Poor Dad," has opined that getting rich with Bitcoin is unbelievably easy.

In fact, Kiyosaki has predicted that even 0.1 Bitcoins (roughly $11,000) is going to be "priceless" two years from now.

He is convinced that this is actually the easiest time in history to "become rich and financially free."

The prominent financial writer has pointed to the cryptocurrency's scarcity to support his uber-bullish case.

Citing analyst Raoul Pal, he is convinced that the cryptocurrency will eventually enter the "banana zone."

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"Don’t be a yellow banana. Open your eyes and your mind and listen to people like Raoul Pal, Michael Saylor, Anthony Pompliano, and many others…" Kiyosaki said.

As reported by U.Today, the prominent financial writer previously predicted that the price of the leading cryptocurrency could surge to $250,000 as early as this year.

Earlier this month, Kiyosaki voiced concerns about potential hyperinflation in the U.S. while predicting that the price of the leading cryptocurrency could potentially surge to as high as $1 million.

As reported by U.Today, Bitwise CEO Hunter Horsley recently stated that Bitcoin had never been more important after centibillionaire Elon Musk warned that the U.S. could go bankrupt unless there is a dramatic increase in productivity.

Bitcoin reclaims $110,000

Meanwhile, the price of Bitcoin has now climbed above the $110,000 level once again, starting this week on a high note. Risk assets are benefiting from the trade detente between the U.S. and the EU, with the former seemingly walking back a 50% tariff threat.

The leading cryptocurrency is seeing strong institutional demand, with Bitcoin ETFs recording a net inflow of a staggering $2.75 billion.

Prominent commodities trader Peter Brandt recently caused a stir within the investment community by announcing that he was intending to buy $100,000 worth of either Solana (SOL) or XRP as soon as this week.

He has asked the community to help him pick the right coin while clarifying that he would not consider any other options.

Brandt's XRP chart seemingly shows a large symmetrical triangle formed by converging trendlines. In late 2024, the price of the token experienced an enormous rally, with the price breaking out above the upper trendline.

Brandt buying XRP would mark a major turnaround given that the chartist was extremely critical of the token in the past, accusing it of being a scam and predicting that it would ultimately crash to zero. In January, he offered XRP holders an olive branch, addressing his rather toxic interactions with the community.

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The chartist has also attached the so-called "Cup and Handle" pattern for Solana. The chart shows that the "cup" formed roughly between late 2021 and mid-2024. Meanwhile, the "handle" has started emerging in late 2021 and early 2025. Brandt has identified a potential price target for the SOL token between $518 and $707.

The trader's comments are filled with multiple suggestions and charts, with the XRP and Solana communities trying to promote their tokens.

According to the CoinGecko data, XRP and Solana (SOL) are in fourth and sixth places, respectively.

As reported by U.Today, both tokens are currently the top candidates to have their own spot ETFs in the U.S. According to analytics firm Kaiko, XRP might have the upper hand.

Earlier this year, Chicago-based derivatives giant CME Group rolled out regulated SOL and XRP futures.

It appears that XRP's recent attempt to ignite a rally through a mini-golden cross in which the 50-day EMA crossed above the 100-day EMA was a complete failure to generate bullish momentum. The market dismissed it rather than using it as a catalyst, which left XRP trapped in a descending wedge pattern and open to additional declines. XRP is currently trading just above the crucial 100-day EMA, which has previously served as both support and resistance. At the moment, the price is around $2.28, and it is clearly weaker over shorter time periods.

Despite the golden cross, the volume is low and the daily candles are closing lower, which suggests that traders are generally uninterested or even cautious. Bulls in XRP are especially irritated by this as they were hoping that the golden cross would end the downward high/lower low pattern that has beset the cryptocurrency since March.

Rather what is happening is a well-known situation for altcoins: Altcoins find it difficult to draw in new investors and are unable to maintain even bullish technical structures when Bitcoin's dominance is high as it is at the moment.

Further supporting the notion of listless price action is the RSI reading of 47, which indicates that there is no obvious overbought or oversold signal. A retest of the 100 EMA at $2.26 is becoming more likely unless XRP finds a catalyst quickly or Bitcoin stabilizes. The next probable stop is $2.15 if that breaks.

As a result, the mini-golden cross for XRP appears to be less significant in the current market conditions. Expect more consolidation or even more declines below the 100 EMA until the general risk appetite shifts back to altcoins and XRP experiences actual transactional growth or breakout volume.

Ethereum raises questions

As a possible double top formation appears on the daily chart, Ethereum's price structure is beginning to show warning indications that the recent rally may not be sustainable. Ether has retreated to about $2,475, embracing the crucial 200 EMA support after testing highs close to $2,700 twice and failing to break through with convincing volume. Two peaks of comparable height are separated by a trough in this classic pattern, which could confirm a bearish reversal if the neckline at $2,400 breaks.

Concerns are increased by the fact that the RSI has moved lower from the overbought area above 70, currently hovering around 58.9, indicating that selling pressure is beginning to creep in and momentum is ebbing. Patterns of volume support this warning story. Volume has decreased since the initial spike above $2,300 in early May, suggesting that fewer buyers are joining the rally.

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Prior to a breakdown rather than a breakout, this divergence, price testing highs with declining volume, occurs frequently. If ETH loses the $2,400-$2,450 range, the 200 EMA at $2,300 would be the next crucial level. It would be especially concerning if ETH broke below this moving average since it would render the early May breakout structure void and pave the way for a retest of $2,200 and possibly $2,000 in the upcoming weeks.

Overall, Ethereum's weakness is similar to what is occurring with many other altcoins at the moment: Altcoins like ETH are having difficulty maintaining momentum while Bitcoin is still in a dominant uptrend. Ethereum's optimistic outlook is in limbo as a result of the market's shift toward Bitcoin.

This is a time for traders to exercise caution. The double top pattern is dependable, and since ETH is situated directly on a critical support zone, any significant breakdown could gain momentum rapidly. Watch that $2,300-$2,400 range, if it folds, ETH might head south next.

Solana signals growth

Technical indicators are positioning Solana for a potential big surge despite the fact that it has been progressively consolidating around the $170-$175 range. This impending change in momentum is centered on the EMA convergence. The 50-day, 100 and 200-day EMAs are beginning to converge on the daily chart just below the current price levels.

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Traditionally, these moving averages' compression and coiling indicate the impending arrival of a significant directional move, typically occurring within a few days to weeks. The odds are in favor of an upside resolution to this coiling because of Solana's recent strength in recovering from the 200-day EMA at $150 and regaining the $160-$165 region. It is supported by the volume pattern. Volume has stabilized but hasn't fallen since the strong breakout from $130 in early May, indicating that traders are merely reloading positions rather than giving up on the move.

There is still ample opportunity for another leg higher without running the risk of overbought conditions right now as indicated by the RSI's stability in the mid-50s. There are two obvious key price levels to keep an eye on: Support is at $165, and if the market becomes volatile, it will firmly settle at $150. An upward push above $180-$185 would end the current short-term decline and signal the start of the next leg up.

Canadian programmer Vitalik Buterin has taken to the X social media network to stress that Ethereum should stay resilient and private in order to be able to continue competing with cash.

Buterin pointed to a recent report, which shows that Nordic countries are currently pivoting back to cash due to fragility in centralized digital payments.

It is worth noting that Norway and Sweden spearheaded the futuristic push toward cashless societies. Cash usage saw a substantial decline in Sweden in the 2010s. In the early 2020s, only a very small percentage of purchases were made with cash due to apps like Swish gaining widespread adoption. Sweden was expected to become completely cashless by 2025.

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This was supposed to be the model for the future of finance. However, the Swedes now have second thoughts about cash, with the authorities even urging citizens to use cash more frequently for civil defense purposes. Popular payment apps, for instance, can become inaccessible in the case of cyberattacks.

In Norway, which was also at the forefront of the cashless revolution, retailers can be fined if they do not accept cash.

Now that the two Nordic countries have recognized cash as the necessary backup, Buterin believes that Ethereum has to be private and resilient enough in order to be able to play the same role.

Centralized digital payment systems clearly remain vulnerable, and it is challenging even for the most progressive and technologically advanced societies to go truly cashless. That said, it remains to be seen whether crypto can actually act as an alternative to cash.

The end of the week is more bearish than bullish, according to CoinMarketCap.

SOL/USD

The rate of Solana (SOL) has fallen by 2.50% since yesterday. Over the last week, the price has risen by 0.37%.

On the hourly chart, the price of SOL has made a false breakout of the local support of $170.36. However, the rate keeps trading near the aforementioned level.

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If no bounce back happens by the end of the day, one can expect a test of the $165-$170 range.

On the bigger time frame, bears are seizing the initiative as the daily bar is about to close below yesterday's candle low. If it happens, traders may witness a test of the $160 area shortly.

From the midterm point of view, neither side is dominating as the rate is far from the key levels. In this case, sideways trading around the current prices is the more likely scenario.

SOL is trading at $170.73 at press time.

The prices of all top 10 coins are falling today, according to CoinStats.

BTC/USD

The rate of Bitcoin (BTC) has declined by 1.62% over the last day.

On the hourly chart, the price of BTC is on the way to the local support of $106,765. If bulls cannot seize the initiative, one can expect a test of the $106,500 range by tomorrow.

On the bigger time frame, traders should focus on the daily bar closure in terms of the support level of $106,827.

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If a breakout happens, the accumulated energy might be enough for a dump to the $105,000 area.

From the midterm point of view, the price of the main crypto has made a false breakout of the resistance of $109,356. If the weekly bar closes far from that mark, there is a chance of a correction to the $100,000-$105,000 zone soon.

Bitcoin is trading at $106,999 at press time.

XRP is under pressure against Bitcoin after recently confirming a death cross on its daily chart, a bearish technical signal where the 50-day moving average crosses below the 200-day moving average.

XRP has struggled to gain momentum against Bitcoin, failing to match the latter's current climb, which sent the largest cryptocurrency by market value to new all-time highs of about $112,000 on May 22. Since May 14, XRP has marked 10 out of the last 12 days in losses when paired against BTC.

XRP remains in consolidation between $2.65 and $2 in its USD pairing, with neither bulls nor bears gaining an edge, contributing to its lull against Bitcoin on the short-term charts.

While the short-term downtrend is keeping traders on edge, a few technical indicators may hint at reversal signals.

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The Relative Strength Index (RSI) on the daily XRP/BTC chart is now approaching oversold territory (typically below the 30 level), suggesting that selling pressure could be exhausting, and a rebound may be imminent.

Also, while the daily chart shows weakness, the weekly XRP/BTC chart has formed a golden cross, a bullish counterpart to the death cross, offering bulls hope in the long term. This occurs when the 50-week moving average crosses above the 200-week moving average, often viewed as a signal of long-term strength and a potential trend reversal.

Crypto market in red

The broader crypto market fell in the early Sunday session, with $210 million in liquidation, according to CoinGlass data.

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The crypto market saw profit-taking over the weekend after a rally in the past week, with major coins dropping. Bitcoin's price fell after reaching a new all-time high of nearly $112,000.

At the time of writing, XRP was down 2.09% in the last 24 hours to $2.3 and up 4.31% weekly. Bitcoin steadied near $107,000 after an intraday drop to lows of $106,750, trading down 1.03% in the last 24 hours to $107,597.

Market sentiment remains cautious with investors assessing macroeconomic and technical indicators to decide the next move.

While the broader crypto market fell in the early Sunday session, with over $182 million in liquidation according to CoinGlass data, Shiba Inu (SHIB) managed to stay in the green.

While the gains were minute, Shiba Inu's performance stood out, particularly during a session where most crypto assets traded in the red.

At the time of writing, SHIB was up 1.12% to $0.0000143, having earlier reached intraday highs of $0.0000147.

The surprise move comes as major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) continued their losses in the early Sunday session.

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The crypto market saw profit-taking over the weekend after a rally in the past week, with major coins seeing a significant drop. Bitcoin's price fell after reaching a new all-time high of nearly $112,000.

What's next for Shiba Inu price?

Market sentiment remains cautious, especially with macro uncertainty and technical signals suggesting a short-term price drop.

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Shiba Inu price is facing a battle between the bulls and bears. The daily RSI exactly at the 50 midpoint lends credence to this, indicating hesitation among buyers and sellers.

Eyes are currently on Shiba Inu's current price range between $0.000014 and $0.000015 where 26.38 trillion SHIB are being held by 39,780 addresses at an average cost basis of $0.000014, per IntoTheBlock data.

A rise above this key level would meet a gigantic resistance in the range of $0.000015 and $0.000019 where 539.92 trillion SHIB were previously bought at an average cost of $0.000017 by 132,610 addresses.

On the other hand, support lies at $0.000011, an average cost basis for 97.45 trillion SHIB.

XRP is starting to slip again versusBitcoin, with a rare double death cross now confirmed on the dailyXRP/BTC chart. Both the 23-day and 50-day moving averages have crossed below the 200-day average. Usually, when that happens, it's a sign that things are going to change in the long run.

With both shorter-term averages now trending beneath the long-term line, a full bearish flip in the structure has been confirmed. Price action has already begun to reflect this shift: XRP continues to slide, with each rebound failing to regain lost ground.

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This situation is not an unprecedented one. Back in late 2024, the same pattern played out, and XRP fell 21% against BTC in the following weeks. Based on the current chart, the next likely target is around 0.0000155 BTC, which is about 28% below current levels.

That zone lines up with a prior demand area from November's breakout move and may offer the next real support.

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What makes this situation more concerning is Bitcoin's strength. Unlike last time, BTC is not consolidating; it’s holding up and slowly pushing higher. This puts extra pressure on altcoins, and XRP is clearly falling behind. With BTC dominance climbing, it's getting harder for alts to find relief.

The trend looks set to grind lower unless XRP can quickly flip the short- and midterm averages back to the upside. A death cross alone doesn't move the price, but in this environment, it adds weight to an already negative chart.

A major structural shift has occurred inStellar (XLM) after it broke below a key trendline that had been holding its price since mid-April. A push toward the $0.26 area could be set up by the maneuver, allowing sellers to gain more control in the short term.

Up until now, the price of XLM had been trending within an ascending channel, gradually building momentum and hitting higher lows. Its four-hour chart now shows that the channel has been broken, with the price dropping through the lower boundary and slipping under the 0.618 Fibonacci level near $0.274.

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Current trading price is around $0.286, still close to the break but noticeably below the support level. The last bounce off the channel line failed to hold, and since then, price action has turned more bearish, with lower highs forming and pressure building to the downside.

The next area to watch is the $0.26 zone, which lines up with previous lows and may offer short-term support. Failure to hold that level would open the chart up toward the next key Fibonacci level at $0.243.

#Stellar $XLM could be breaking out of an ascending channel, potentially targeting $0.26! pic.twitter.com/DLSOF4CQOe

— Ali (@ali_charts) May 24, 2025

Right now, this Stellar shift is happening alongsideBitcoin holding solid at around $107,000, following a strong rally that lasted several weeks. Concurrently, XRP remains within a narrow price range below $2.35, displaying no clear upward or downward trend. In that context, XLM's clean breakdown below the trendline support stands out more, especially with BTC andXRP being relatively stable.

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The recovery structure that had been helping XLM rise now looks broken, and with major cryptocurrencies not offering much momentum either way, there's little external support to lean on. Unless Stellar can bounce back above $0.29 and solidify that position, it looks like the short-term trend is bearish.

This isn't a confirmed trend reversal by any means, just the most notable technical signal XLM has shown in weeks. And with other large caps moving sideways, chances are this drop is going to stay on the radar heading into next week.

With a market cap of $8.45 billion,Shiba Inu (SHIB) now ranks 16 among the largest cryptocurrencies byCoinMarketCap, surpassing Bitcoin Cash (BCH), which follows closely behind with a market value of $8.24 billion. It’s a small difference, and yet it's another moment where a meme coin has beaten out a more traditional project.

Despite its price remaining at just above $0.000014, there is a large and active SHIB holder base of over 1.5 million, and the total circulating supply is approaching 589 trillion tokens. Its daily trading volume is around $178 million.

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By contrast, with just under 20 million coins in circulation, Bitcoin Cash trades at over $415 and sees higher daily trading activity at about $243 million.

Nonetheless,SHIB outperformed and its rise echoes a bigger trend as the market currently favors more reactive, attention-grabbing assets, with meme coins right at the center.

Even though Bitcoin Cash offers exposure to Bitcoin’s original vision and plays a role in the payment space, its pace hasn’t been enough to match the current attention surrounding tokens like SHIB.

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It's unlikely that this latest flip will change long-term outlooks, but it shows where the market’s focus is. Especially during periods of low conviction or sideways movement, coins that move quickly and engage large communities are likely to be in the spotlight.Shiba Inu keeps benefiting from that trend.

According to the most recent data from IntoTheBlock, Shiba Inu is at the point where things might turn around, as the asset lingers at the 539 trillion SHIB on-chain resistance level. This level, which includes 132,610 addresses and an average price of $0.000017, is serving as a stronghold of selling pressure as shown by the thick red bands on the In/Out of the Money charts. The bullish argument is also not supported technically by the SHIB daily price chart.

SHIB was knocked back to $0.0000142 after making a strong attempt to regain the $0.000015 level. At this point it is teasing the important short-term support at $0.0000140. While the 100 and 200-day EMAs are still firmly above the market preventing any sustained breakout attempts, the 50-day EMA (green) has flattened.

Momentum is evaporating as the RSI struggles around the neutral 50 level. This is supported by volume data, which shows waning buy-side fervor even as SHIB tests important support. In summary, the chart displays a classic example of bullish fatigue. What is the significance of this 539 trillion SHIB level then?

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This resistance cluster is a battlefield of market psychology rather than merely a collection of idle bag holders. Since many of these addresses are probably waiting for an opportunity to break even, any rally into the $0.000015-$0.000017 zone is probably going to encounter strong sell pressure as these trapped holders sell. It is a formidable barrier for SHIB to overcome because of this.

The $0.0000140 support is essential for bulls to hold. Anticipate a decline to $0.0000135 and possibly $0.0000120 if it breaks, wiping out the gains from the May bounce. The psychological level of $0.000018 would be the next target if SHIB could absorb the selling at the 539 trillion resistance and flip it. SHIB is currently at a crossroads: Either hold up against the 539 trillion sell wall and rise or watch as the last wave of buyers pulls the rug out from under it.

The crypto market is mainly falling today, according to CoinStats.

SHIB/USD

The price of SHIB has declined by 0.42% over the last day.

On the hourly chart, the rate of SHIB is closer to the support than to the resistance level. However, if the growth continues, one can expect a test of the resistance by tomorrow.

On the bigger time frame, the situation is also more bearish than bullish.

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If the daily bar closes below $0.00001397, traders may witness a support breakout, followed by a move to the $0.00001350 zone.

From the midterm point of view, one should pay attention to the weekly bar closure in terms of the nearest level of $0.00001397. If the candle closes below it, the fall may continue to the $0.000012 area.

SHIB is trading at $0.00001438 at press time.

An oldEthereum (ETH) wallet that hadn’t been touched in nearly a decade just came back to life — and it’s holding millions. The address, created during Ethereum’s pre-mine phase, originally received 2,153 ETH back in 2015 when that amount was worth around $667. On May 24, 2025, it moved for the first time in 9.8 years, now holding ETH worth over $5.43 million as reported byWhale Alert.

The address "0x10df68" made its first transaction in almost a decade, sending 30 ETH worth about $75,970 to another wallet: "0x967e37." Just a few hours later, that second wallet began routing the funds through Tornado Cash, a crypto mixing service often used to break the link between wallets and obscure the transaction history.

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On-chain data shows that after receiving the funds, the second wallet quickly started making multiple transactions — mostly 1 ETH at a time — directly to Tornado Cash. Within hours, the full 30 ETH had been split up and moved through the mixer.

💤 A dormant pre-mine address containing 2,153 #ETH (5,433,793 USD) has just been activated after 9.8 years (worth 667 USD in 2015)!https://t.co/MqGPrKIyw4

— Whale Alert (@whale_alert) May 24, 2025

The original wallet still holds over 2,100 ETH, valued at more than $5.2 million. Its reactivation after almost 10 years, combined with the immediate use of a privacy tool, has definitely drawn attention from those tracking long-dormant wallets and earlyEthereum holders.

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There is now only around 2.78 ETH, worth just under $7,000, in the second wallet. Given Tornado Cash's involvement and no additional large transfers yet, it’s unclear what the long-term plan is for the remaining funds.

Vitalik Buterin?

It's possible that this could beVitalik Buterin. The address dates back to Ethereum’s Genesis phase, limiting the possible owners to a small group of early insiders. Additionally, the immediate move to Tornado Cash stands out — a tool that Vitalik Buterin has supported and admitted to using for personal privacy. While there's no hard proof it's him, the pattern fits just enough to raise the question.

In his recent social media post, centibillionaire Elon Musk voiced his concerns about the U.S. national debt and excessive government spending.

Musk has opined that productivity growth in the U.S. is the most surefire way of preventing a financial crisis instead of austerity. He has gone as far as predicting that the U.S. could face bankruptcy.

"Bitcoin has never been more important"

Bitwise CEO Hunter Horsley is convinced that fiat currencies of the likes of the U.S. dollar will continue losing their value due to inflation.

In light of Musk's recent warning, Horsley opined that Bitcoin has never actually been more important.

Bitcoin is touted by its advocates as a safe haven due to the fact that its supply is limited to just 21 million coins, meaning that it could act as a hedge against currency debasement.

"Too little, too late"

Musk has been spearheading the efforts of the new administration to cut government spending with the help of the Department of Government Efficiency (DOGE).

However, many critics believe that the efforts of the agency are insufficient to make a substantial impact.

Peter Schiff, a frequent critic of Bitcoin, claims that a dollar crisis has already started.

"Unfortunately, I think DOGE was too little, too late to really move the needle on a sovereign debt and dollar crisis. The process has already started," he said.

The U.S. Dollar Index (DXY), which tracks the strength of the greenback against a basket of foreign currencies, has plunged by 10%.

Dogecoin co-founder Billy Markus, also known as "Shibetoshi Nakamoto" on X, has reacted to the wave of bold Bitcoin forecasts flooding the crypto media landscape. In a recent tweet, the Dogecoin co-founder poked fun at exaggerated predictions: "Crypto article headlines be like: (random guy no one has heard of) predicts bitcoin will reach $250,000 by the end of the year."

crypto article headlines be like:“[random guy no one has heard of] predicts bitcoin will reach $250k by the end of the year”

— Shibetoshi Nakamoto (@BillyM2k) May 24, 2025

Markus is known for his dry humor and critical take on the state of crypto discourse. While his comment was tongue-in-cheek, it resonated with many in the crypto community.

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Since stepping back from the active development of Dogecoin, Markus has remained a vocal and often satirical figure, frequently calling out what he sees as irrational exuberance and misinformation in the crypto space.

At a current price of $107,102, Bitcoin (BTC) is 133% of the ambitious target of $250,000. Hitting this aim in a matter of months would necessitate an explosive rally, which is not impossible but likely unusual at its current pace.

Bitcoin price action

On May 22, Bitcoin reached a new all-time high of almost $112,000. Unlike the rocket rallies to new records that long-time Bitcoin enthusiasts are used to, the cryptocurrency has been climbing at a slower-than-usual pace, fueled by increased institutional ownership and corporate adoption.

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At the time of writing, Bitcoin was down 1.13% in the last 24 hours to $107,102, owing to profit-taking following recent highs and macroeconomic concerns in the market.

Bitcoin price predictions

This year, several Bitcoin forecasts have been made. Veteran trader Peter Brandt predicted that Bitcoin would reach $125,000-$150,000 by the end of August.

Geoffrey Kendrick, head of digital assets at Standard Chartered, who predicted Bitcoin would reach $120,000 by the second quarter, stated his price call was "too low."

As reported, market analyst Willy Woo predicted that Bitcoin could skyrocket to $118,000 if its all-time high were decisively breached.

XRP Ledger's on-chain activity has fallen 90% from its recent peak, posing concerns about the network's usage and overall health, putting XRP in a precarious position. The volume of payments and transactions on XRP Ledger has virtually vanished despite the fact that XRP has managed to stay between $2.30 and $2.40. This is a concerning indication that speculative interest is significantly outpacing actual usage. This change in sentiment is technically reflected in the price action of XRP.

In early May, XRP showed promise by breaking out of a descending wedge pattern, but it has since been trapped in a tightening consolidation. At $2.30 the price is testing a support zone that also happens to be the 100-day EMA. The 200 EMA (black line) indicates the next area of interest is located around $2.20. The entire bullish setup of the previous two months could be undone if there was a slip below that, which would put $2.05 into play.

Although it is not yet oversold, the Relative Strength Index (RSI) has fallen to the mid-50s, indicating that momentum has slowed. Additionally, volume has significantly decreased, highlighting the possibility of a further decline if support breaks. What is causing the decline in XRPL activity? Analysts cite a number of reasons, including a halt in speculative trading volumes, decreased institutional usage as a result of ongoing regulatory uncertainty and the dominance of Bitcoin (with BTC at elevated levels) suckling liquidity away from altcoins like XRP.

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The ledger's payment volume charts demonstrate a sharp drop, which could be attributed to either a lull in retail demand or decreased enterprise usage — two factors that are essential to XRP's central story as a payments token. Investors should now keep a careful eye on the $2.20 and $2.30 support zones.

XRP might retest the $2.50 breakout point if it bounces from these levels, but a breakdown would expose it to a much deeper retracement. Since 90% of its usage volume has been used up, XRP must demonstrate that it can spark real-world transactions again, if not, price action might soon follow the on-chain trend.

Bitcoin’s recent golden cross, where the 50-day EMA crossed above the 200-day EMA, has historically been seen as a bullish milestone. However, the market didn’t waste any time pulling back, and BTC has already dropped from highs around $112,000 to test trendline support just above $107,000. The sharp retracement has some traders worried, but here’s why this “golden cross dump” is pretty normal, and why it may actually be healthy for the next leg of the rally.

As of right now, analysts concur that this price action is textbook and follows a golden cross. As one commenter stated, "At this point it appears that Bitcoin will continue to decline after the golden cross." It might linger for a few days before rebounding sometime the following week. Although the 50/200 EMA cross indicates a bullish long-term trend, traders frequently lock in gains from the previous run with a short-term washout.

Both the price and volume are still above important support levels, particularly the $102,000 breakout zone. Although momentum has cooled, it hasn't collapsed, according to the RSI, which is currently at 69 after cooling off from near-overbought conditions. Another indication that this could be a healthy dip rather than a complete reversal are the retracements occurring on declining volume.

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Analysts have questioned if this move increases their level of optimism. To put it another way, the bullish structure that has been established since Bitcoin broke $100,000 is not broken by the anticipated short-term consolidation.

The golden cross is still indicating a more general bullish environment, even though it may have lost some of its luster in the short term. Resetting leverage and preparing for the next leg are opportunities presented by pullbacks such as this one. The golden cross remains valid as long as Bitcoin remains above the $102,000-$105,000 range; it is simply undergoing the shakeout that it typically requires prior to a significant breakout.

According to Lookonchain, top trader James Wynn closed his entire long position on Sunday.

The trader in question had accumulated a total of $1.25 billion worth of long positions.

After closing the trades, Wynn took a massive loss of $13.4 million.

Notably, the price of Bitcoin dipped by 1.3% on the Hyperliquid platform after the whale closed the massive position.

At press time, the leading cryptocurrency is changing hands at $107,342.

The cryptocurrency has now dropped by more than 4% from its current all-time high of $112,000 that was reached May 22.

Altcoin trades

Prior to going long on Bitcoin, the whale also closed his long positions on Pepe (PEPE) and secured a massive profit of $25 million.

On Saturday, however, he also closed his long positions on Ethereum (ETH) and Sui (SUI), logging a loss of $5.3 million.

Flipping bearish

After closing the recent long, Wynn has now flipped bearish on Bitcoin, which means that he has opened a short position.

His current short position stands at $112 million. The whale will get liquidated if the Bitcoin price surges to $149,100, which is a highly unlikely scenario in the short term.

Recent liquidations

According to data provided by CoinGlass, roughly $212 million worth of crypto has been liquidated over the past 24 hours. Obviously, long positions account for the vast majority of this sum ($169 million).

The leading cryptocurrency seems to be on the verge of dipping below the $107,000 level, meaning that bears remain in control for now.

During a Sunday ask-me-anything (AMA) session on YouTube, Cardano founder Charles Hoskinson downplayed the antitrust concerns surrounding Ripple's potential acquisition of Circle.

Hoskinson spoke favorably of a potential deal, arguing that it would ultimately make the crypto space better.

"I think it would make the space better. There's like this Coinbase-a16z-Circle mafia where they've built an ecosystem, and it's self-serving in that ecosystem, and if you are outside of it, you get completely blacklisted, and it's hard to get listed, it's hard to get liquidity, and it's hard to get a stablecoin," he said.

Ripple and XRP could break apart the existing monopoly and create more diversity, according to Hoskinson.

"And I think they'll be a better custodian…than some of the people, especially on the circle side," Hoskinson added.

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Bloomberg first reported in late April that Circle rejected a $5 billion acquisition offer from Ripple because it was deemed to be too low.

Hoskinson says that he has heard rumors that Ripple is willing to pay as much as $11 billion to acquire Circle.

According to Fortune, Ripple and Coinbase are the current top contenders for acquiring Circle, with the latter seemingly having the upper hand due to its extensive ties to the company.

Circle filed for an IPO in early April, and it seems like the fintech company still intends to go public despite some reports of acquisition talks.

Asreported by U.Today, MetaLeX Labs founder Gabriel Shapiro previously opined that Ripple buying Circle would cause a full-blown "crypto apocalypse." That said, he believes that a potential deal, if it does take place, will ultimately fail to pass the antitrust muster.