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$XRP XRP, the cryptocurrency associated with Ripple Labs, is displaying signs of renewed bullish momentum. Its funding rate has returned to the positive region, according to the latest data from Coinglass.

The funding rate is a tool the crypto futures market uses to balance the price between the spot and futures markets. When this rate is positive, it suggests that more traders are betting on XRP price to rise. Hence, they are taking long positions.
In contrast, when this rate is negative, traders are bearish about XRP's price. Hence, they're taking short positions in the belief that the crypto's price will drop. XRP derivatives sentiment shifts
The XRP funding rate has shown multiple variations over the past few days. On April 30, it was in the negative zone for a brief period, a sign that sellers were in control of the XRP market. However, the tide turned on May 1, with the rate moving above zero.
This change indicates that the bulls are back in control of the XRP derivatives market. This funding rate is important as it proves that traders’ confidence in XRP is growing. Even though this rate doesn't provide a guarantee that a price rally is about to happen, it is usually a leading reflection of market sentiment. The positive funding rate indicates that traders won't mind paying a premium to hold long positions as they expect XRP's price to rise soon.
Following the positive funding rate change, XRP's price has also increased slightly. It's up 1.8% in the last 24 hours and trades at $2.23 at the time of writing, according to CoinGecko data.#writetoearn

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$TAO
Bittensor (TAO) has firmly cemented itself as one of the standout performers in the crypto space this month. Since the start of April, TAO’s price has surged from $255 to nearly $400, marking a remarkable rise.
This upward momentum aligns with CCN’s earlier analysis, which suggested that TAO had the potential to continue its bullish run.
While many altcoins have recently exhibited similar price increases, TAO is setting itself apart by refusing to relinquish its gains.
TAO Continues Ascending
TAO’s price rally began after the altcoin broke out of a bullish pennant formed between February and April 7.
A bullish pennant resembles a small symmetrical triangle formed by converging trendlines after a strong upward move and downtrend.
Once the price breaks out of the top, it tends to resume the bullish trend. This was the case with TAO, as the breakout led to higher lows and highs for the cryptocurrency. As of this writing, TAO trades within an ascending channel, aiming to break the resistance near $400. A critical look at the daily chart shows that TAO’s price will likely move above this threshold quickly.
One indicator that supports this forecast is the Chaikin Money Flow (CMF). The CMF measures the accumulation or distribution of an asset over a specific period (usually 21 days).
It combines price action and volume to assess the market’s buying or selling pressure. A reading below zero indicates dominant selling pressure. TAO Price Analysis: Golden Cross Support More Upside
Zooming into the same daily chart, we observed that TAO has formed a golden cross. A golden cross forms when a shorter-period Exponential Moving Average (EMA) rises above the longer one, and is usually bullish.
The 20 EMA (blue) has climbed above the 50 EMA (yellow), indicating a bullish trend. The last time a similar thing happened, TAO’s price went from $290 to $680 within a month.
Therefore, if history rhymes with the current price action, the market value could rise and breach the $458.10 resistance within a few weeks.#writetoearn

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$XRP
Crypto analyst Egrag Crypto predicted a macro channel breakout that could be imminent for the XRP. The analyst indicated that the altcoin could reach double digits if this breakout plays out as expected.
XRP Price Eyes Rally To $55 With Potential Macro Channel Breakout
In an X post, Egrag Crypto raised the possibility of a macro channel breakout for the XRP price and stated that the measured move points to a potential high of $55. He stated that he had his eyes on the $27 target, although he indicated that the altcoin will likely surpass this price level on this move as it looks to hit $55.
This ultra-bullish prediction came as the analyst revealed that the XRP price is currently in candle number 5. He remarked that if history is any guide, then market participants should be looking at a mega monthly candle. If XRP were to follow the same pattern, the analyst affirmed that the target of $17 is definitely in play. In another X post, Egrag Crypto again predicted that the XRP price could at least reach $27 in this market cycle. He stated that he is becoming increasingly convinced that XRP is mirroring the 2017 bull run, although the timing may be either delayed or accelerated. The analyst predicted that the altcoin would reach double digits by the end of Wave 3 this summer.
Meanwhile, he believes Wave 4 will unfold over the next three years, followed by a bear market, and then the XRP price will reach triple digits in the next bull run. Egrag Crypto is confident that XRP could reach as high as $120 when that time comes. In the meantime, XRP is still battling to break above key resistance levels, which could pave the way for a new all-time high (ATH).
A Bull Pennant Forming On Weekly Chart
In an X post, crypto analyst XRPunkie drew attention to a bull pennant that was forming for the XRP price on the weekly chart. He stated that this bullish pattern is ready for a breakout once XRP completes the final pullback to between $1.80 and $2. The analyst added that the technical target of this bull pennant is between $13 and $14.#writetoearn

$XRP The XRPL EVM Sidechain Testnet is now available on Leap Wallet, which means users can now try out Ethereum-like features on the XRP network. The testnet enables users to receive and send tokens, check prices, and access decentralized applications (dApps) on the XRP network. The users can do this using Leap Wallet, a multichain wallet that supports more than 200 chains. This is an achievement because XRP, known for its fast and cheap transactions, hasn’t been able to use Ethereum’s features like smart contracts until now. The XRPL EVM Sidechain is a solution to this issue. It allows users of XRP to access Ethereum’s Virtual Machine (EVM), thereby being capable of interacting with Ether applications and smart contracts. This creates a whole new world of possibilities for XRP holders. They can now use their tokens on decentralized finance platforms, trade tokens, and even NFTs.
Additionally, the XRPL EVM Sidechain also utilizes Cosmos technology to enable simpler connectivity of XRP with other blockchains. This allows XRP to interface with more than 70 various blockchain networks, therefore providing more liquidity and more opportunities for users. Moreover, it alters the game for the XRP ecosystem, particularly because it makes XRP more valuable across various blockchains, and not just within its own. The full mainnet launch is expected in the second quarter of 2025, but for now, users can access the testnet to start experimenting with the new features.

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