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Bitcoin Surpasses $70,000 as SHIB Price Rises.

Bitcoin price surpasses $70,000, boosting SHIB price. Altcoins are generally on the rise. However, significant details allow Shiba Coin to positively differentiate in this process. Indeed, its price has risen above average.

Shiba and Shibarium.

The ambitious Shibarium, launched last year with ideals and goals, did not reach the levels seen during its testnet period. However, there are intermittent increases in network activity, triggering short-term price movements. According to data from Shibariumscan, new transactions on Shibarium increased by 50%, reaching 7,691. On Friday, this was 5,150.

Additionally, the number of Shibarium users has accelerated. Starting from 105,367 on May 1, it reached 113,732 by May 27, indicating a faster recovery in network interest.

The integration of ShibaSwap into Shibarium was one of the most significant developments in May, and Shiba Inu developer Kaal Dhairya said;

"This release focuses on exploration, so let all creative geniuses make memes! Moving forward, we will continue to make regular updates and upgrades, and everyone should remember that this is not a race, but a marathon."

Shiba Coin Price Prediction.

The second-largest meme coin, continuing with a 6% increase, may target higher levels in the coming hours. The current volatility contraction pattern (VCP) indicates a breakout. The technical formation caused by increasingly narrowing price fluctuations is considered a strong signal of potential price breakouts.

There is a neckline that needs to be surpassed, and the SHIB price is lingering at this $0.00002631 neckline region. If the expected breakout occurs, we could see the Shiba Coin price increase by 32%, moving towards the resistance area at $0.00003282.

However, if the breakout is unsuccessful,
the price may retreat to the support at
$0.0000234. If this level is also lost,
$0.00002052 will be a risky target. The
total volume of cryptocurrencies climbed to $77 billion, increasing by 41%.

ADA and BNB Price Prediction for May 27.

ADA/USD.

The rate of Cardano (ADA) has risen by 1.53% since yesterday.

On the daily chart, one should pay attention to the interim level of $0.4696.

If the bar closes near it or even above it, the upward move may lead to the test of the $0.48-$0.49 zone soon.

ADA is trading at $0.4724 at press time.

BNB/USD.

Binance Coin (BNB) is less of a gainer than ADA, going up by 0.66%.

The price of BNB is trying to break $605.5. If buyers manage to do that, the accumulated energy might be enough for an ongoing rise to the $620-$630 range until the end of the week.

BNB is trading at $611.2 at press time.

Meme Coin Season Is Back. These Are the Top Performers.

Major meme cryptocurrencies have experienced substantial gains over the past 24 hours, according to CoinGecko data.

Mog Coin (MOG) and Floki Inu (FLOKI) have added 33.8% and 23%, respectively, becoming the best-performing meme coins with a market cap over

Dogecoin (DOGE) and Shiba Inu (SHIB) are also in the green, adding 1.5% and 4.5% (respectively) over the past 24 hours. Last week, the two meme coins recorded notable price increases after Tesla CEO Elon Musk paid tribute to the late Shiba Inu Kabosu who inspired the Doge meme.

Pepe (PEPE) has added almost 6%, with its market cap surpassing $7 billion. It is now just one spot away from joining the elite club of the 20 largest tokens by market capitalization.

Solana-based meme coins dogwifhat (WIF) and Bonk (BONK) have both surged by nearly 10%.

A growing force.

After Dogecoin exploded in popularity in 2021 due to Musk's tweets, many assumed that the meme coin would end up being a fad. However, it has managed to retain its place within the top 10.

Moreover, the meme coin sector continued to grow at a rapid pace, and several other rivals are now vying for Dogecoin's throne.

analyst Murad Mahmudov recently predicted that Pepe could end up surpassing both Shiba Inu (SHIB) and Dogecoin (DOGE) by market capitalization.

Meanwhile, VanEck's Market Vector recently launched a new index that includes the most popular meme coins such as PEPE and WIF.

Two Major Ethereum (ETH) Price Targets Revealed.

Ethereum is finally showing what it is capable of after rumors of the preapproval of the Ethereum ETF have spread around the crypto circle. For now, the price is getting ready for a swing toward or above $4,000, but its true strength is yet to be shown.

Ethereum has been seen in an uptrend that recently broke through $3,900. Currently, ETH is trading around $3,898, showing a gain of 1.92%, and the upsurge is supported well by swift trading volumes.

The technical indicators are aligning to suggest further upward movement. The 50-day EMA stands near $3,225, while the 100-day EMA lies close to $3,175. Both moving averages have provided strong support and confirmed the current trend. In addition, the RSI is at 72, which means that, at the moment, ETH is slightly overbought. Yet, this is not critical and, therefore, in case of a minor overheating, the asset can continue to grow a bit higher.

Two major price targets have emerged for Ethereum:

the immediate level now seems to be that psychological $4,000. Anything lower would imply the prevalent bearish sentiment confirmed at the moment. This will most probably see buyers join in and push the price even higher or, in other words, liquidate some substantial amount of short orders.

As for the liquidation heatmap: at the time, there was a huge cumulative long liquidation leverage all the way down to $3,200, meaning there were $3 billion worth of longs open theoretically meaning there might be a massive sell-off in the case of liquidation. More than $1 billion in short orders get closed if the price of the second-biggest cryptocurrency on the market surges, causing a squeeze and sending bears away.

7 Billion Dogecoin (DOGE) in 24 Hours: What's Happening?

Dogecoin whales are waking up as data by Into TheBlock shows their eyes on the epic run that Ethereum and the market in general had. Major investors have been stepping up their activity, and it is only hoped that this will finally mark a rebound and recovery for Dogecoin that all investors are keeping their eyes on.

Recent data has pointed toward the rise of big transactions involving Dogecoin, with around 1.51 thousand large transactions of about 6.83 billion DOGE in the last 24 hours. This activity really is a great surge and shows that major holders are getting more active. Such upswings in activity usually show up ahead of big moves in price since major holders are quite instrumental in market dynamics.

Dogecoin has experienced relative stability and could soon move up, with the present trading value moving around $0.1695. At the moment, the price has consolidated at key resistance levels and support levels.

The key support levels that have to hold
for an uptrend to be sustained are the 50-
day EMA at $0.1588, and the 100-day EMA
at $0.1570. On the upside, the next major
resistance level is located around $0.17.
The RSI is at 55.83, indicating that market
sentiment is almost neutral, with room for
potential gains.

Large holders' concentration: Whales hold 63% of the circulating supply of DOGE.

Over $100,000 transactions: The markets reported weekly transactions over $3.32 billion, showing a substantial surge amid this cycle.

Adding to the positive outlook are good on-chain signals in net network growth and an increase in large transactions. Still, bid- ask volume imbalance is just 1.42% on the bullish side of the fence, which means larger buying interest compared to selling pressure.

The fact that Dogecoin whales are picking up some cheap coins ahead of an increase in activity might signify the start of a general market recovery for DOGE.

3 Key Things to Expect From Shiba Inu (SHIB) This Week.

Shiba Inu (SHIB) is starting this new week with a rather clean slate, with a major reset in some of the token's key growth metrics. The price of Shiba Inu is up 0.98% in the past 24 hours to $0.00002487, per data from CoinMarketCap. This mild rebound is coming after a disturbing drawdown over the weekend.

The primary goal for Shiba Inu investors remains to breach the $0.00003 price mark, with the first key catalyst to help achieve this being the burn rate.

Over the past few months, the burn rate has served as a major interest indicator in the community. At the time of writing, data from Shibburn pegs the current burn rate at 164.94% to 7,128,803 SHIB. Though the amount of SHIB burned daily is small, it does not negate the impact, which is that users believe in the project and are doing everything they can to shrink its supply.

Second, the retail sentiment on the market needs to be properly checked this week. If the token must meet the expected price mark, its volume needs to stay elevated all week long. At the moment, the daily trading volume is down by 4.12% to $363,490,960. How this adjusts over the coming days might prove pivotal to driving its growth.

Finally, SHIB whale activities are also pivotal in driving a multiweek growth record. Shiba Inu whales are currently in hi bernation mode, as data from Into TheBlock shows a 36.96% slump in this metric overnight. With this rate, only about $29.93 million were traded in 24 hours, a figure that pales in comparison to coins like Dogecoin, with $1.16 billion in whale traded volume.

The influence of Shibarium and other initiatives and partnerships within the Shiba Inu ecosystem might also help revert prices to its previously bullish path.

PEPE Market Cap on Verge of Flipping Polygon (MATIC).

Probably the most unexpected comeback in 2024 was PEPE's rise to the top, flipping numerous "serious" cryptocurrencies left and right. The most recent achievement of PEPE was flipping Polygon and gaining 18th place on the cryptocurrency market. However, it is unclear how the asset will move from here.

PEPE has accumulated a market cap of $7.02 billion and is just slightly breathing on the back of Polygon at $7.12 billion. The surge was followed by the 12.96% surge in the price of PEPE, resting at $0.00001676. MATIC has moved backward 0.69%, with its price at $0.7184.

PEPE has managed to show a very good upward trajectory by breaking many of the resistances it had faced. Currently, PEPE is trading at $0.00001698, showing strong bullish momentum. As seen from the chart below, the 50-day moving average, currently around $0.00000885, and the 100-day moving average near $0.00000765, are still far below the current price, indicating that the bullish momentum is still sustained. The Relative Strength Index stands at 78.76, showing that PEPE is very deep into overbought territory; however, big buying interest keeps pushing the price higher.

The question now is whether PEPE can maintain this current run and perhaps flip Polygon in market capitalization. Current high trading volumes are adding up to support of the bullish run, as well as to very positive market sentiment. Nevertheless, the RSI flashing overbought hints at some correction possibly coming in the short term. A quick watch of the key support levels for stability should be around $0.000015 and $0.000014.

The rise of PEPE has been very impressive, but it remains an extremely risky investment. Meme coins are extremely volatile, risky and often provide exposure that not many are willing to gain. At any given moment, the value of assets like PEPE can change rapidly without giving you a chance to cover your portfolio from losses.

31 Million XRP Mysteriously Shift to Major Exchange Ahead of Price Move.

In a surprising development, 31 million XRP tokens were recently transferred to a major cryptocurrency exchange, sparking speculation and intrigue within the crypto community.

This significant movement of XRP, worth approximately $16.87 million, comes at a time when XRP seems poised for potential price action after weeks of range trading.

Blockchain data revealed that a crypto wallet made a transfer of 31 million XRP to Bitstamp crypto exchange, yet the identity of the wallet owner remains unknown.

According to Whale Alert, "31,800,000 XRP worth $16,870,003 was transferred from unknown wallet to Bitstamp."

While the exact reason for the move remains unknown, large transfers to exchanges can indicate intentions to sell or to execute strategic trades.

The timing of the transaction is particularly intriguing, given that XRP has been trading within a range, with a key resistance level in sight that could determine its short-term direction.

A large holder, or "whale," might be preparing to sell a portion of their holdings, possibly anticipating a correction or attempting to take profits.

The transfer might also be related to a strategic trading position, where the holder aims to capitalize on anticipated market movements, leveraging the liquidity provided by the crypto exchange.

XRP's price action

The timing of this large transfer is noteworthy as XRP is grasping to gain ground above the daily SMA 50 at $0.527, a level that had constrained the XRP price since mid-April, along with the daily SMA 200 at $0.577.

Market analysts are closely watching these
levels, as sustaining above the daily SMA
50 and breaking through the daily SMA
200 could trigger significant upward
movement. Conversely, failing to break resistance might result in a period of
consoldation or a potential pullback.

At the time of writing, XRP was down 1.17% in the last 24 hours to $0.53 and up 3.30% in the last seven days, per CoinMarketCap data.

Pepe Coin Price: Smart Trader Nabs 867% Profit, PEPE Hits New All-Time High.

Pepe Coin (PEPE) has surged to new heights, hitting a new all-time high. This milestone comes amid a wave of bullish momentum in the cryptocurrency market, with PEPE making significant gains in both spot and futures trading. In addition, Pepe Coin flipped Polygon (MATIC) amid the price rally. Moreover, a smart trader bagged 867% profit amid the recent rally.

Smart Trader Bags Massive Profit From PEPE Sale.

A savvy trader has capitalized on the soaring Pepe Coin price, turning an initial investment of $250,000 into a staggering $2.42 million. According to Lookonchain, a blockchain tracking avenue, the trader purchased 160.62 billion PEPE tokens on December 6 and 7, 2023.

This strategic acquisition paid off handsomely when the trader sold all holdings for 644 ETH, valued at approximately $2.42 million. Hence, the whale realized a profit of around $2.17 million. This impressive feat represents an 867% return on investment (ROI).

Additionally, the same trader demonstrated clever trading with investments in Pepe Coin derivatives. They spent $25,000 on 139,822 Pepe Coin futures on December 6, 2023. By selling a portion of these holdings— 25,000 coins—for 30.27 ETH, equivalent to $113,000, the trader secured a substantial profit.

Moreover, the remaining 114,822 Pepe Coin futures are currently valued at $574,000. This brings the total profit on these positions to $663,000 and an extraordinary ROI of 2651%. In addition, in the past three hours alone, two newly created wallets withdrew a combined total of 182.7 billion PEPE.

Pepe Coin Price.

The Pepe Coin price continued trading in the green amid the bullish sentiment in the market. As of writing, the PEPE price surged 12.35% to $0.00001692 on Monday, May 27. Whilst, the Ethereum- based meme coin's market valuation stood at $7.19 billion. Whilst, the 24- hour trading volume surged 98.75% to $3.10 billion.

Analyst Predicts Decline in Solana's Price.

Last year, the well-known cryptocurrency
analyst Bluntz, who was bullish on Solana
(SOL), suddenly shifted to expecting a
decline in the Ethereum (ETH) competitor.
Addressing his followers on the social
media platform X, the analyst shared his
latest views on Solana's SOL price
movements. According to Bluntz, SOL appears to have completed a five-wave
rally, signaling a potential change in the
market trend.

Shift to Expecting a Decline in Solana's SOL.

Bluntz uses the Elliott Wave theory, a technical analysis approach that predicts future price movements based on crowd psychology, which tends to move in waves. The theory suggests that after completing a five-wave upward movement, an asset is likely to go through a corrective phase. According to Bluntz, SOL has been in a downtrend since reaching its recent high of around $210 in March.

The analyst highlighted that Solana experienced a significant five-wave rise from the bear market's lowest levels. However, after this rise, Solana also underwent a five-wave decline followed by a three-wave upward correction. Bluntz indicated that Solana is now starting to fall again, suggesting a potential struggle to maintain its upward momentum. He believes Solana is likely to form a lower macro peak at $188 and eventually fall further.

Could Fall to $80.

Bluntz's analysis shows that Solana could fall to $80. At the time of his prediction, Solana was trading at $165. The price chart shared by the analyst indicates a downward trajectory for Solana, reinforcing the bearish outlook.

He emphasized that Solana's recent price movements do not show the continuation of the five-wave rise but instead indicate a five-wave downtrend, potentially signaling further downward movement. Bluntz's sudden shift from a bullish to a bearish perspective has significant implications for traders and investors. His use of the Elliott Wave theory provides a structured approach to understanding Solana's potential price movements.

Ethereum (ETH) Rally Imminent? Analyst Predicts New All-Time High.

Ethereum (ETH) is showing strong signs of an imminent rally, potentially reaching new all-time highs. This optimistic outlook was highlighted by prominent crypto analyst Jelle, who recently tweeted that ETH has broken out from the falling wedge and flipped its key areas into support. He mentioned that Ethereum is now pushing for $4,000 before potentially reaching a new all-time high.

As of the latest data, Ethereum is priced at $3,904, reflecting a 2.66% increase in the past 24 hours. More impressively, the cryptocurrency has surged by 25.69% over the last 30 days. This robust performance has been accompanied by a significant rise in trading volume, which has jumped by 73.17% in the past day, reaching $18,148,744,905.

Factors driving Ethereum's surge.

Several factors are contributing to Ethereum's recent price surge and the optimistic predictions for its future. Key among them is the recent regulatory development in the United States. On Thursday, the Securities and Exchange Commission (SEC) approved applications for the listing of eight spot Ethereum exchange-traded funds (ETFs). While further approvals are necessary before these ETFs can be traded, this move is seen as a positive step toward the broader adoption of ETH on the financial markets.

Technical analysis supports bullish outlook.

Moreover, Jelle's analysis points to a strong technical foundation for Ethereum's current rally. The breakout from the falling wedge pattern is a bullish signal, indicating a reversal of the previous downtrend. The ability to flip key resistance areas into support further strengthens the case for continued upward movement.

In technical analysis, a falling wedge is a bullish reversal pattern that occurs when the price makes lower highs and lower lows within a converging downtrend. The breakout from this pattern suggests that the selling pressure is waning, and buyers are gaining control. Additionally, the flipping of resistance levels into support indicates strong buying interest at higher price levels.

MAGA vs PEPE : Top Reasons MAGA Might Flip PEPE?

MAGA and PEPE meme coins soar to all- time highs on Ethereum. Find out if MAGA'S momentum can flip PEPE's dominance in the crypto market.

In the fast-paced world of cryptocurrency, where trends change quickly, two meme coins are currently gaining attention: MAGA (TRUMP) and Pepe Coin (PEPE). Both tokens, located within the Ethereum network, have hit all-time highs today, as the crypto market celebrates the approval of the Ethereum ETF. The crypto community is wondering if MAGA token can surpass PEPE as it gains attention and investments from crypto enthusiasts. Let's delve into details for more.

Market Performance MAGA vs PEPE?

The price of MAGA (TRUMP) has shown a strong increase across different time periods. In the past day, its value surged by 24.02%, with a seven-day increase of 67.83% and a one-month rise of 143.79%. This momentum resulted in a market capitalization of $561.9 million, placing it at 231st position, according to CoinMarketCap.

The amount of trading activity has also increased significantly, reaching $33,769,738 in a 24 - hour trading volume, which is an 81.17% rise. MAGA's price movement showcases significant growth with 43,997,357 TRUMP tokens in circulation and a fully diluted market cap of $594. The token reached a significant milestone today by reaching its all-time high of $12.99.

On the other hand, (PEPE) has also demonstrated commendable performance. PEPE price surged by 11.61% in the past day, with gains of 79.10% over the last seven days and 137.52% over the last month. This rapid growth has boosted PEPE'S market value to $7.07 billion, solidifying its ranking at 19th in the market.

The volume of trading has also significantly risen, hitting $2.82 billion in a day, showing a 59.47% increase. Featuring 420.69 trillion PEPE tokens in circulation and reaching its all-time peak of $0.00001701 today, PEPE shows resilience and strength in the volatile world of cryptocurrencies.

Bitcoin Price Analysis Shows Stability Over the Weekend.

Bitcoin price at the time of writing is at $69,200, and altcoins generally remained stagnant today. BTC was relatively stable. This is not surprising for weekends as volumes drop significantly. So, what do crypto analysts predict for a breakout?

Crypto Analyst Commentary.

Although the predicted weekend rise scenario did not materialize, BTC is making higher closes as the weekly close approaches. The launch date for ETH is still unknown, opening the door for speculative price increases. Activity may start here as of Monday.

Popular crypto analyst Daan Crypto Trades said:

"While the price hovers around $69,000, some liquidity is forming on both sides. Most importantly, $68,300 and $69,800. These are good levels to watch in the short term as we head into next week."

Material Indicators co-founder Keith Alan wrote in his latest market assessment:

"Bitcoin has returned to $69,000. This is our strongest and most important resistance level on the chart. I want to see a weekly close above $69,000 to gain some confidence for a measured move towards $73,000."

Tomorrow, US markets will be closed due
to Memorial Day, meaning there will be no trading in the Spot Bitcoin ETF channel.
This means investors will be left to the
crypto exchanges.

Bitcoin Short-Term Predictions.

Rekt Capital is focusing on closes above $71,000. Although BTC made strong attempts this week, it couldn't solidify the key level. Still, the popular crypto analyst said the "danger zone" has ended since the halving event in April.

"Since the end of the 'Danger Zone' post-Bitcoin Halving, Bitcoin has risen to $71,500. However, this level is where the highest resistance of the Reaccumulation Range is, and where Bitcoin was rejected. Consolidation continues, and history shows this could last a few more weeks between $60,000 and $70,000.”

So, according to the analyst, if we are to
see a big move, it will be within a few
weeks. Perhaps during this period, we will
learn more about the launch date for the
ETH ETF.

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Ethereum (ETH) Price Prediction for May 26.

ETH/USD.

The price of Ethereum (ETH) has risen by almost 2% over the last day.

On the hourly chart, the rate of ETH is looking bullish as it is breaking the local resistance level of $3,816. If buyers can hold the gained initiative, the upward move may continue to the $3,850-$3,900 zone soon.

On the daily time frame, one should pay attention to the nearest level of $3,841. If the bar closes above it and with no long wick, the accumulated energy might be enough for an ongoing rise to $3,950.

The price of Ethereum (ETH) has almost touched the resistance of $3,993. However, buyers might need more time to accumulate energy for a further rise. In this case, sideways trading in the range of $3,700-$3,900 is the more likely scenario.

Ethereum is trading at $3,820 at press time.

PEPE Frenzy: 100% Gains In 30 Days, But Can The Memecoin Keep Its Composure?

PEPE On A Tear: New Highs And Whale Activity.

Over the past month, PEPE has been on a tear, exceeding expectations and leaving a trail of green for investors. The price triumphantly reached a new all-time high, surging over 100% in just 30 days. This astronomical rise translated to happy hodlers, with Into TheBlock data revealing that a whopping 97% were sitting pretty in profit.

CoinGecko data show that Pepe has risen 56% in the previous week and 99% in the last month, recovering its position as the third-largest meme coin by market capitalization from Dogwifhat (WIF).

The bullish momentum hasn't shown any signs of slowing down. The past 24 hours saw another surge of 3.7%, further propelling PEPE to its current peak. This impressive performance has garnered significant attention, not just financially, but also on social media. The coin's social volume has spiked, indicating a surge in interest and online chatter.

Lookonchain, a blockchain analytics platform, recently reported a whale withdrawing a staggering 500 billion PEPE from Binance, a major cryptocurrency exchange. This mass accumulation suggests a whale-sized vote of confidence in PEPE's future.

Buying Frenzy Or Overheated Engine?

While the recent price increase and social media buzz are undoubtedly positive signs, some analysts are urging caution. A closer look at technical indicators reveals potential signs of an overheated market. The Chaikin Money. Flow (CMF), which measures buying and selling pressure, has registered a decline.

Similarly, the Money Flow Index (MFI) and Relative Strength Index (RSI) are both hovering in the overbought zone, suggesting PEPE's price might be due for a correction.

Further complicating the picture is the presence of selling pressure. While some investors are piling in, others might be cashing out on their profits. Santiment, a crypto analytics platform, observed a rise in PEPE's exchange outflow last week, indicating buying pressure.

Solana (SOL) Price Prediction for May 26.

SOL/USD.

The rate of Solana (SOL) has declined by
1.61% since yesterday. Over the last week,
the price has fallen by 2.47%.

On the hourly chart, the price of SOL is in the middle of the narrow channel between the support of $162.23 and the resistance of $166.94.

As most of the daily ATR has been passed, any sharp moves are unlikely to happen by the end of the day.

On the bigger time frame, the rate has made a false breakout of the support of $162.50. If a bounce back does not happen, there is a chance of a more profound decline to $160 and below.

From the midterm point of view, the weekly bar is about to close bearish. In this case, traders are likely to see a test of the $150-$160 range next week.

SOL is trading at $164.11 at press time.

Dogecoin Whales Disappear After DOGE
Meme Dog Kabosu's Passing.

Dogecoin (DOGE) has seen a noticeable decline in the activity of major players, or "whales," coinciding with the recent passing of Kabosu, the dog immortalized in the iconic Doge meme. Analysis of key metrics shows a significant decline in whale activity.

Thus, according to Into TheBlock, large transactions involving DOGE have dropped significantly over the past 24 hours, down 29.69% to 6.63 billion DOGE. Of particular note is the drop in transactions exceeding $100,000, from $1.56 billion to $1.12 billion, with 1,300 such transactions recorded during the period.

The decline in whale activity is also evidenced by a marked reduction in the inflow and outflow of funds to wallets containing at least 0.1% of DOGE's circulating supply. Inflows into these wallets fell 87.52% to a modest 59.86 million coins, while outflows fell to 103.87 million coins, down 29.59% from the previous day.

This decline coincided with the announcement of the death of dog Kabosu by its owner on social media. Kabosu's image became synonymous with the Doge meme, which later inspired the creation of Dogecoin in 2013. With a current market capitalization of $24.43 billion and daily trading volume approaching $2 billion, Dogecoin has a major place in the cryptocurrency market.

While a direct link between Kabosu's death and the decline in whale activity remains speculative, it is possible that the emotional resonance associated with the beloved dog may have influenced investor sentiment.

XRP Will Disappoint Bulls in June If XRP Price History Comes True.

The popular cryptocurrency XRP, which rose 7% in May, could face potential turbulence in June. Last month, XRP ascended above the important psychological mark of $0.5 and maintained stability, much to the annoyance of investors expecting more significant price changes.

Despite the performance in May, which is in line with the token's historical average gain of 27.7%, June may not bring the same positive returns.

Historically, the first month of summer has not been favorable for XRP. Over more than a decade of history, the average return for June is -5.59% and the median return is -8.92%. This suggests a likely downturn for XRP in the coming month. According to CryptoRank, the last profitable June for XRP was in 2017, and all subsequent Junes have ended with losses of at least 8.15%.

While the crypto market is known for its unpredictability, the historical data for XRP represents a significant sample given its status as one of the oldest tokens on the market. Investors should be cautious as patterns over the years indicate a high probability of negative returns in June.

The stability that XRP showed in May, despite the lack of strong swings, is now in stark contrast to the less optimistic outlook for June. If historical trends continue, XRP bulls may find themselves disappointed as the token could face a decline.

While the market awaits the results, the reliability of the XRP price history remains in question. Whether historical patterns will continue in June remains to be seen, but the data suggests that investors hoping for growth in the first month of summer should be cautious.