financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
Important Ripple (XRP) Developments, Cardano’s (ADA) Bull Run Potential, and More: Bits Recap May 23
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Important Ripple (XRP) Developments, Cardano’s (ADA) Bull Run Potential, and More: Bits Recap May 23
May 25, 2025 6:38 PM

TL;DR

XRP’s price has stalled lately due to potential factors like the selling spree from whales and the SEC’s delayed decision on XRP ETF applications from CoinShares and Bitwise.

Nearly one billion ADA has been withdrawn from exchanges in 2025, mirroring 2021’s pre-all-time-high trend. The shift to self-custody methods suggests reduced selling pressure and potential for a bullish breakout.

DOGE shows a renewed momentum, with analysts forecasting a rally to $0.31, supported by rising whale activity, transaction volume, and user engagement.

Whats New Around XRP?

Ripples cross-border token has recorded relatively modest gains in the past week compared to bitcoin (BTC), whose price is up 7% for the timeframe, and some altcoins, which have charted even more impressive increases. Currently, XRP is worth around $2.43 (per CoinGeckos data), representing a mere 1% rise on a seven-day scale.

An important factor that has potentially put the brakes on the assets rally is the recent whale activity. As CryptoPotato recently reported, large investors have sold more than 60 million tokens (equaling roughly $145 million) in the span of three days. 

This development showcases reduced confidence in the asset. The whales actions are closely monitored by smaller players, who may take this as a worrying sign and also decide to cash out. 

It is worth mentioning that the big investors had a much different strategy in April, purchasing more than 900 million XRP tokens. 

Another element that could have suppressed the price of Ripples cryptocurrency is the US SECs delayed decision on the launch of two XRP ETFs proposed by CoinShares and Bitwise. While the introduction of the first spot XRP exchange-traded fund in the US is still waiting for approval, there are some futures-based products which are already live. Those curious to explore the topic in detail, can take a look at our article here.

Is ADA Gearing up for a Big Move?

Cardanos native token has surged by 16% in the last month and is currently trading at around $0.81 (per CoinGeckos data). Some essential indicators, though, suggest a much more explosive rally could be just around the corner. 

CryptoPotato recently revealed that nearly one billion ADA (worth around $800 million) were withdrawn from exchanges since the beginning of 2025, mirroring the negative netflows seen prior to its 2021 all-time high. Back then, ADA soared from $1.80 to over $3. Similar on-chain behavior now suggests that investors have moved from centralized exchanges to self-custody methods, reducing the immediate selling pressure.

On the other hand, ADAs Relative Strength Index (RSI) indicates that a pullback in the short term is not out of the question. The momentum oscillator, which measures the speed and magnitude of price changes, varies from 0 to 100, and readings above 70 hint that the asset could be overbought and is due for a possible correction. The RSI spiked above that mark a few hours ago, but it is currently situated just south of it.

ADA RSI, Source: CryptoWaves

DOGEs Next Targets

The biggest meme coin is currently worth roughly $0.25, a 35% monthly rise. Its rally caught the eye of many industry participants, and some expect further gains in the near future.

Ali Martinez claimed that DOGE appears to be breaking out of a bull pennant, which suggests a target of $0.31. Earlier this month, he outlined three bullish factors that might support an additional upside. Those include the rise in active addresses, transaction volume, and whale activity.

The popular X user KALEO also chipped in. They predicted that DOGEs price has yet to reach its market top, citing the BTC halving, which has previously been a precursor for massive gains.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Is Bitcoin’s (BTC) About to Blow Up to $120K Breakout? What Does Data Show?
Is Bitcoin’s (BTC) About to Blow Up to $120K Breakout? What Does Data Show?
Jun 25, 2025
Bitcoin briefly dropped below $100,000 during the 12-day conflict involving Israeli and US strikes on Iran, along with retaliatory attacks on Israel and US bases in Qatar. Markets were shaken until US President Donald Trump confirmed that both Israel and Iran had agreed to a ceasefire. This announcement triggered a rebound in global risk sentiment. As investor confidence returned, Bitcoin...
Metaplanet Buys More Bitcoin: Stash Hits 12,345 BTC After $133M Purchase
Metaplanet Buys More Bitcoin: Stash Hits 12,345 BTC After $133M Purchase
Jun 26, 2025
Tokyo-listed investment firm, Metaplanet, has expanded its Bitcoin holdings with a new purchase of 1,234 BTC worth $133 million. The acquisition pushed its total holdings to 12,345 BTC, secured at an average price of $98,303 per coin. Metaplanets Bitcoin Strategy With this latest addition, Metaplanet has now surpassed Tesla, which holds 11,509 BTC, to become the fifth-largest corporate holder of...
Crypto Prediction Platform Kalshi Valued at $2B After Latest Funding Round
Crypto Prediction Platform Kalshi Valued at $2B After Latest Funding Round
Jun 25, 2025
Crypto prediction market platform Kalshi has raised $185 million in a Series C round led by Paradigm, reaching a $2 billion post-money valuation. “People choose to work at Kalshi not because of the money we’ve raised, but because of our ambition: build the most important financial market on the planet,” said CEO Tarek Mansour, celebrating the news on X. The...
$1.5 Billion Flows Into BTC ETFs This Week as Bitcoin Double Taps $108K
$1.5 Billion Flows Into BTC ETFs This Week as Bitcoin Double Taps $108K
Jun 26, 2025
Spot Bitcoin ETFs have seen almost $1.5 billion in inflows so far this week as institutional investors are driving the markets. In just three trading days, aggregate inflows for US spot BTC funds totalled $1.48 billion, according to Farside Investors. Additionally, there has not been an outflow day since June 6, almost three weeks ago. Its “absolutely ridiculous,” said ETF...
Copyright 2023-2025 - www.financetom.com All Rights Reserved