Bitcoin (BTC) Price Rally, Dogecoin (DOGE) Growth, Ripple (XRP) Predictions: Bits Recap May 23

TL; DR

The price of BTC rose above $71,000 due to the optimism adopted by the Ethereum ETF, which led to gains of 6% and 13% on a weekly basis, but returned to $69,500. The price of DOGE rose as well, briefly surpassing $0.17 for a market cap of nearly $25 billion. Significant metrics increased, with 85% of holders making profits. XRP price has seen a slight increase due to bullish indicators on further profit forecasts. The outcome of Ripple's lawsuit with the SEC could cause significant volatility.

BTC Uptrend

The price of the main cryptocurrency started the current week at around $67,000, a similar level seen over the weekend. However, the reinforcement He reached the end On May 21, BTC rose above $71,000.

of Main He appeared to be encouraging for the rally Hopes appeared again The US SEC may approve Ethereum ETFs as early as this week.

Over the past few days, the price of BTC has bounced back slightly and is currently trading at $69,500 (per CoinGecko data). The figure shows a 6% increase on a weekly basis and a 13% increase on a month-on-month basis.

Many analysts believe that Bitcoin has yet to experience a real bull run. Alpha analysis of X user soon He predicted Property prices can jump. As high $138,000 this summer as history repeats itself.

DOGE climbs the crypto ladder

The leading meme coin – Dogecoin (DOGE) – has also experienced a significant price increase recently, briefly surpassing the $0.17 mark. The market capitalization reached about 25 billion dollars before settling around 24 billion dollars Advanced Toncoin (Ton) as the ninth largest cryptocurrency.

Important metrics related to the Dogecoin ecosystem have also seen significant increases. On May 21, the total daily volume, where each transaction exceeds $100,000; It has passed 1.5 billion dollars. A few days later, the number exceeded $ 2 billion.

As the momentApproximately 85% of all DOGE holders sit down On paper profits, with whales control 63% blood supply.

XRP predictions

Ripple's XRP has been one of the digital currencies that has seen significant growth in recent times. In a more modest fashion than the competitors. Many analysts expect the property to do much better. coming soonListing amazing predictions.

X user JAVON MARKS He said he deserved it. A major breakout is in the cards as XRP nears “major rally point” and “RSI pattern” that is It currently shows price progress.

The Relative Strength Index (RSI) is a metric used in technical analysis to measure the speed and volatility of price movements. An RSI above 70 suggests that the coin is overbought and may be due for a correction. Data It shows The ratio is mostly hovering below The above image In the ongoing month, it now points at 49.

Based on these factors, the analyst has set a target of $15-$20 for XRP value. “There are bullish signs, and it's only a matter of time on this road. It is showing.” they argued.

One important factor that can cause severe volatility in the price of XRP is the outcome. charge Between Ripple and the US SEC. For those interested in learning more about the issue and its impact on the property, feel free to watch our dedicated video below: