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Analyst Sees Shiba Inu ‘Pumping Like Crazy Next Week’ if This Level Hold

Mark Brennan
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Analyst Sees Shiba Inu ‘Pumping Like Crazy Next Week’ if This Level Hold

A notable market analyst shares a Shiba Inu chart showing potential for a bullish rally next week, especially if key support holds.

Shiba Inu (SHIB) has experienced notable price movements this week, with the token initially dipping to $0.0000123 by June 2, after starting the week above $0.000014. Despite a recent 8.04% decline over the past week, there is growing optimism among analysts, with some predicting a potential upward surge.

Key Support Level Indicate Stability

Whale. Guru’s daily price chart highlights a critical support level around $0.0000127. This level has been crucial in holding the price steady after several declines, suggesting a potential floor for SHIB’s value.

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Notably, the price has bounced from this support multiple times in the past, signaling buying pressure at these levels. After falling from $0.000029 in May 2024, SHIB found this support again in September, followed by a surge to $0.000033 in December 2024.

Moreover, in May 2025, after another price drop to $0.00001030, SHIB recovered to the same support, sparking a surge to $0.00001767 by mid-May. This consistent pattern has led analysts to suggest that the $0.0000127 support could again play a pivotal role in the token’s price movement. 

Analyst Target 200% Surge

As Shiba Inu currently trades around the $0.000012 level, another upward push could materialize soon. Whale. Guru sees this as a buffer for potential bullish momentum, implying that the token could ‘pump like crazy next week. 

The analyst’s target for the price of SHIB is set at $0.00004, which would represent over a 200% increase from its current value. The last time SHIB saw the $0.00004 mark was during the meme coin mania in March 2024. This level could further trigger a rally toward $0.0001, a new all-time high, as indicated by the analyst’s arrow on the chart.

Shiba Inu Long-Term Holders Show Confidence

Meanwhile, a separate analysis by IntoTheBlock has provided insights into the behavior of Shiba Inu holders. According to the chart, the number of long-term holders (those that have held their bag for over a year) has consistently increased, with a +0.94% change in the past year. 

Screenshot 2025 06 04T121858894
Shiba Inu Addresses by Time Held

This trend indicates a growing confidence among long-term investors, who have consistently retained their positions despite price fluctuations. The increase in long-term holders suggests a shift from speculative trading to more stable, fundamental ownership of SHIB.

In contrast, the chart also reveals a decline in the number of short-term traders, with both the “Cruisers” (1-12 months) and “Traders” (less than 1 month) categories showing negative growth over the past year. 

This shift may indicate a broader market transition, where SHIB’s value is becoming less dependent on short-term speculative activity and more influenced by long-term holders. This trend is seen as a positive development for SHIB’s market stability.

Owning Just 10,000 XRP May Soon Be Impossible for 99% of Investors: Pundit

Sam Wisdom Raphael
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Owning Just 10,000 XRP May Soon Be Impossible for 99% of Investors: Pundit

An XRP community pundit has suggested that 99% of average investors may soon be unable to purchase 10,000 XRP.

This disclosure came from Edoardo Farina, founder of Alpha Lions Academy and Head of Social Adoption at XRPHealthcare. Farina’s commentary comes from the belief that XRP’s price could surge astronomically from the current level, pricing out most investors.

Interestingly, Farina has consistently urged investors to procure as much as 10,000 XRP. According to him, this decision, which is still attainable to a lot of people right now, could be important for one’s financial freedom.

Farina: Owning 10,000 XRP Could Soon Be Impossible to 99% of Investors

Now, he is suggesting that in the future, most might not have the opportunity to amass as many as 10,000 XRP tokens again. Currently, at XRP’s price of $2.23, these 10,000 tokens are worth $22,300. At this value, a few classes of investors are already priced out, but the bag remains within reach for most.

Farina believes this might not be the case in the future. Recently, the market pundit suggested that while he plans to start taking profit when XRP hits $10, he will hold most of his bag until the asset claims a $100 mark.

Notably, if XRP ever hit the $100 price, the 10,000 tokens, currently worth $22,300, would skyrocket to $1 million. This indicates that an average salary earner in the U.S. who makes $65,000 a year would need to save up for fifteen years without touching their annual pay to be able to afford 10,000 XRP at that time.

While XRP reaching $100 seems farfetched amid current market conditions, the prospect is not completely impossible, especially if the broader crypto market grows exponentially in the years to come. This confirms Farina’s suggestion that 99% of investors might not be able to afford 10,000 XRP in the future.

Parallels with Bitcoin History

Interestingly, this situation occurred with Bitcoin following its early days. In May 2013, when BTC traded for an average of $110, early Bitcoin adopter Davinci Jeremie charged investors to procure a few tokens. Back then, 10 BTC would have been worth $11,000, something most investors would be able to procure.

Today, with Bitcoin trading for $105,443, these 10 BTC tokens are currently valued at $1.05 million, out of reach for a lot of investors. Farina, who believes XRP could take the same direction, is now urging investors not to miss out on the token. 

These calls began last year before XRP’s impressive run in the fourth quarter of the year. Specifically, in October 2024, Farina insisted that every ambitious investor should aim to hold 10,000 XRP tokens. At the time, XRP changed hands at $0.52 at the time, with 10,000 tokens costing $5,200. Today, these assets are worth $22,300.

Despite the increase in value, Farina believes a more meteoric surge is on the way. Last month, he predicted XRP could hit $100 if Bitcoin attained $500,000. As a result, he has persistently urged investors to amass at least 10,000 XRP now.

Galaxy Digital OTC Moves 108,278 Ethereum Worth $283 Million to Whale Address, What’s Happening?

Mark Brennan
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Galaxy Digital OTC Moves 108,278 Ethereum Worth $283 Million to Whale Address, What’s Happening?

Galaxy Digital withdrew large amounts of Ethereum through OTC transactions, transferring it to an address reportedly linked to a whale or institution.

This comes as the price of Ethereum (ETH) consolidates at $2,626.51, reflecting a slight 0.64% increase in the past 24 hours.

According to Lookonchain, Galaxy Digital’s over-the-counter (OTC) wallet withdrew 89,000 ETH from an exchange. This withdrawal, worth about $234 million, quickly grabbed the market’s attention. However, the transfers didn’t stop there. 

Afterwards, Galaxy Digital facilitated an additional OTC transaction of 108,278 ETH, worth around $283 million. This transaction occurred in multiple batches: 44,000 ETH, 50,000 ETH, and 14,278 ETH, which were subsequently moved to a different address. 

Transfer to Whale Address

Following the OTC transactions, these Ethereum holdings were transferred to a new address: 0x0b26. This address now holds a total of 139,476 ETH, valued at approximately $365 million. According to Lookonchain, this address could be owned by a whale or an institution.

This transfer marks a substantial accumulation of Ethereum, especially given the significant value of the assets involved. Typically, when whales or institutions add large amounts of Ethereum, it usually signals a potential long-term holding strategy. This creates increased scarcity, possibly taking asset prices higher due to a drop in selling pressure.

In recent weeks, the Galaxy Digital OTC address has been transferring large amounts of Ethereum (ETH) through multiple transactions to exchanges like Coinbase and Binance. Notably, these transfers occurred in several stages throughout April, including transactions such as 4.4K ETH ($7.86M), 5K ETH ($8.93M), and 5.5K ETH ($9.83M) to the Coinbase exchange. These happened around the 28th of April.

ETH’s price had been declining in early April, followed by a stagnation around $1,800 when these transactions were taking place. However, as the transactions started shifting into individual addresses, the price of ETH began to pick up momentum, eventually surging past $2,500 by mid-May. Nonetheless, this might just be coincidental.

Significant Outflows from Exchanges

IntoTheBlock data further confirms that exchanges are experiencing considerable outflows of Ethereum. 

Screenshot 2025 06 04T094709179
Ethereum Exchange Outflows

The flow of funds off exchanges has notably increased, with a 24-hour change of 20.66%, a 7-day change of 29.00%, and a 30-day change of 267.58%. This rise in outflows suggests a significant shift, as investors seem to be moving their assets off centralized platforms.

Changes in Ethereum Ownership Across Wallets

Data also shows notable shifts in Ethereum ownership among different types of investors. The percentage of Ethereum addresses that have held their ETH for over one year has increased by 1.97%. 

Screenshot 2025 06 04T094812121
Ethereum Addresses by Time Held

Meanwhile, medium-term investors who have held ETH between 1 month and 1 year saw a slight increase of 0.16%. In contrast, short-term speculators who have held ETH for less than a month experienced a more significant increase of 6.85%. These movements reflect broader changes in investor behavior, especially with the growing focus on long-term holdings.

Large Institutions Also Accumulating ETH

In addition to these wallet trends, prominent institutions have been shifting their focus from Bitcoin to Ethereum. BlackRock, for example, has been gradually liquidating its Bitcoin holdings in favor of Ethereum. 

This shift has been observed over the past few days, with BlackRock moving 5,362 BTC, worth $561 million, and simultaneously acquiring 27,241 ETH, valued at $69.25 million.

Expert Says Bitcoin Won’t Even 2x From Here and Altcoins Are Where the Real Gains Are

Elendu Benedict
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Expert Says Bitcoin Won’t Even 2x From Here and Altcoins Are Where the Real Gains Are

An experienced market analyst has encouraged a shift from Bitcoin to altcoins, arguing that the real profit would come from there.

Whales are buying Bitcoin in no small way. Prominent market analyst Ali Martinez confirmed that some of the biggest whales on the network acquired over 30,000 BTC in the past 96 hours.

The optimism surrounding the pioneering cryptocurrency stems from growing speculation that it has more room for expansion before the end of this cycle. Some predict $200,000 by the end of the year, while others project $500,000 to $1 million by the end of the cycle.

Nonetheless, Crypto Beast, an experienced crypto market trader, is one of the few to advocate for dumping Bitcoin for altcoins at this time. While the FOMO around Bitcoin intensifies, he has dropped a reality check on the asset’s further upward trajectory for the rest of the bull cycle.

Bitcoin Won’t 2x, Altcoins Will: Analyst

Crypto Beast shared in his June 3 X post that he no longer holds Bitcoin. The largest cryptocurrency by market cap rallied 121% last year, up nearly 13% so far this year. With Bitcoin having claimed a new all-time high around $112,000 in May, the analyst feels the top for the asset is closer than most think.

He highlighted that he has taken full profit from his earlier Bitcoin stash because he knows what’s coming. Citing his experience in past cycles, he insisted that the crypto leader would not increase twofold from its current price level.

Meanwhile, he urged a diversion to a more lucrative sector: the altcoin market. He described exposure to altcoins at this point as “where the real gains are,” insisting it would outperform any gains that holding Bitcoin would offer at this stage in the bull cycle.

While he did not specifically mention any altcoin, he emphasized that almost any would suffice. According to him, those who would hold on to their Bitcoin stash and neglect his call for altcoin diversification would wish they paid more attention one day.

Furthermore, he attached a chart showing that the Bitcoin dominance is nearing its top. It highlighted that, as in the last bull cycle, the metric is approaching its “actual top,” a resistance level where it starts to dump. He also called attention to a bearish divergence involving the RSI, which suggests an imminent drop in Bitcoin dominance looms.

Bitcoin Dominance Analysis/Crypto Beast

Bitcoin’s market cap dominance has been trading within an ascending channel since its bottom in 2023, taking Bitcoin’s price with it to the detriment of altcoins. Crypto Beast’s analysis suggested that the top is near, and the dominance breakdown will send the altcoin market cap higher.

Bitcoin’s Performance vs. Altcoins

In truth, Bitcoin has been the standout caliber digital asset so far this cycle, raising speculations that it could be a “Bitcoin-only” bull market. Institutional adoption and the giant strides of the US Bitcoin spot ETFs have ensured that Bitcoin broke its 2021 peak price before the April 2024 halving event for the first time ever and have continued to set record highs even above $100,000.

In contrast, most altcoins have struggled to match Bitcoin’s feat. Only a handful of them have reached new all-time highs during this bull cycle, with some trading significantly off their peak price.

For instance, altcoin leader Ethereum is down 46% from its all-time high (ATH) of $4,891, XRP trades 41.84% away from its seven-year high of $3.84, and Dogecoin and Shiba Inu are down 73.47% and 85.2% from their respective ATHs.

Remarkably, history suggests there is a phase in the bull cycle, widely known as the “altcoin season” or “altseason,” when alternative coins start to outperform Bitcoin. It is in view of this and the altcoins’ current trend far below their peak prices that Crypto Beast, like others, is encouraging exposure to these coins now.

Analyst Mikybull Crypto also shares the same sentiment. In a tweet today, he stated that the altseason is brewing and many would miss the train when the rally fully kicks in. Meanwhile, as seen in the past, altcoin leader Ethereum would have to resume a bullish uptrend to set the stage for others to follow.

Expert Shares Proof of How Bitcoin and XRP Will Make Many Millionaires

Abdulkarim Abdulwahab
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Expert Shares Proof of How Bitcoin and XRP Will Make Many Millionaires

Widely followed crypto commentator Coach JV recently presented bold arguments supporting the perspective that Bitcoin and XRP will make many millionaires.

Although both cryptocurrencies have been around for over a decade and have delivered incredible returns for early adopters, some believe the future holds even greater promise, countering the fear that it may already be too late to invest.

The argument for Bitcoin is based on its potential to reach a unit price of $1 million per coin within the next few years. Numerous industry commentators, including big names like Binance’s CZ, Robert Kiyosaki, Samson Mow, and Jack Dorsey, have predicted that BTC could hit $1 million by the end of this decade.

Bitcoin’s Path to $1 Million “Confirmed”

Accordingly, Coach JV argues that Bitcoin and XRP still hold the potential to make investors millionaires. He highlighted that Bitcoin’s path to $1 million will be largely due to increasing adoption and a supply shock.

He emphasized that 95% of Bitcoin’s total supply has already been distributed, with only 5% remaining. This implies that much of Bitcoin’s supply is already held, and as global interest grows, there’s limited availability for new investors. As is often said, there’s not enough BTC for every millionaire in the world to own even one full coin.

Eric Trump, son of former U.S. President Donald Trump, recently commented on the difficulty of acquiring Bitcoin, saying, “Nobody is selling and everybody wants Bitcoin.” His conservative price estimate for Bitcoin is $170K, though he also supports the $1 million projection.

Coach JV further noted that prominent voices are driving the Bitcoin narrative, including President Donald Trump himself. Trump signed an executive order for the U.S. to hold BTC and not sell it, aligning with supportive legislation emerging from Washington.

Meanwhile, the U.S.’s decision is also influencing other nations to adopt Bitcoin. In a Bloomberg interview, Reform UK Chairman Zia Yusuf warned that excluding Bitcoin from the UK’s sovereign wealth fund could leave the nation significantly poorer in the decades to come.

With global demand growing, many believe that Bitcoin’s price could stay elevated for years. Some even suggest that the new wave of institutional and governmental adoption will shift the typical bull-bear cycle to one dominated by long-term bullish trends.

As a result, commentators like Coach JV believe this shift could transform today’s holders into tomorrow’s millionaires.

Bitcoin Today Is Like Apple in 1995

Moreover, Cedric Youngelman, host of the Bitcoin Matrix podcast, compares buying Bitcoin at $105,000 in 2025 to investing in Apple stock in 1995, when many thought the best gains were already behind them.

Youngelman argues that Bitcoin’s growth potential remains strong. He notes that a $1,000 investment in Apple in 1995 would be worth $63 million today, suggesting a similar long-term upside could await Bitcoin investors over the next 30 years.

Becoming an XRP Millionaire Amid Bitcoin Momentum

Regarding XRP, commentators like Coach JV argue that both Bitcoin and XRP are leading a wave of financial transformation. As Bitcoin climbs to $1 million per coin, they expect XRP to rise alongside it.

For example, Edoard Farina claims XRP could soar over 4,000% to $100 if Bitcoin reaches $500K. In that scenario, an investor holding 10,000 XRP tokens, currently worth just over $20,000, could see their portfolio hit the $1 million mark.

Other analysts, like BarriC, suggest XRP could reach between $500 and $1,000 by the 2030s when Bitcoin attains its $1 million target. However, these projections remain speculative.

Spanish Coffee Brand Plans to Invest Over $1B in Bitcoin

Lele Jima
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Spanish Coffee Brand Plans to Invest Over $1B in Bitcoin

Popular Spanish coffee chain brand Vanadi Coffee SA seeks to become a Bitcoin-first company by acquiring over $1 billion worth of BTC using MicroStrategy’s playbook. 

Local media Alicanteplaza reports that the company’s chairman, Salvador Martí, recently proposed this plan to the board. 

Under the plan, Vanadi aims to accumulate up to $1.13 billion (€1 billion) worth of Bitcoin, potentially turning itself into a BTC-first company from a coffee brand. 

Vanadi’s Chair Seeks to Pivot to Bitcoin Amid Company’s Financial Woes 

Vanadi’s Bitcoin transition plan follows its announcement of a net loss of $3.7 million in 2024. In addition, the report claimed that Vanadi’s shares (VANA) have crashed significantly since their debut in July 2023. 

VANA, which debuted at a unit price of €3.28 ($3.73) in July 2023, has plunged nearly 91.46% to €0.28 ($0.32). Amid the financial losses, Martí asked the board to pivot Vanadi into a Bitcoin-first company. 

Instead of buying and holding Bitcoin to offset the losses, Martí floated a more ambitious plan that could tie the company’s overall success to BTC’s performance. 

Additionally, Martí asked the board for a “carte blanche” to enable the firm to negotiate convertible financing. The proposal would see Vanadi offer new shares to fund the acquisition of Bitcoin. 

Notably, the board will deliberate on Martí’s proposal at its next meeting on June 29. 

VANA’s Performance After Initial Purchase of 5 BTC 

To demonstrate how Bitcoin might impact Vanadi’s performance, Martí made an initial purchase of 5 BTC at an average cost of $527,110. 

Interestingly, the value of its stock skyrocketed to around €0.49 ($0.56) from €0.40 ($0.46), registered the previous day on May 21. However, VANA has lost these gains, as it trades at €0.28 ($0.32). 

Vanadi Coffee stock performance
Vanadi Coffee stock performance

The drawdown coincides with a drop in Bitcoin’s price. For perspective, Bitcoin crashed from the $111,000 mark to $105,000 within this period. Vanadi’s chaotic stock performance reflects the risk of transitioning to a Bitcoin-first company, as BTC would majorly influence its price. 

Growing Interest in Bitcoin 

Nonetheless, Martí still considers Bitcoin the best hope of saving Vanadi from its recent financial woes. This ambition could be driven by the growing interest in Bitcoin among institutions and governments. 

Since MicroStrategy began buying Bitcoin in August 2020, the trend has gained global momentum. Many companies are now converting part of their cash reserves into Bitcoin or raising funds to acquire the asset.

As previously reported, at least 12 companies, including GameStop, have invested in Bitcoin since the beginning of this year. This trend may not end anytime soon, especially as the United States intends to buy and hold BTC as a reserve asset. 

WLFI to Launch Branded Crypto Wallet Amid Controversy, While Truth Media Files for Bitcoin ETF

Elendu Benedict
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WLFI to Launch Branded Crypto Wallet Amid Controversy, While Truth Media Files for Bitcoin ETF

New developments emerged from the Trump family’s crypto venture, with the WLFI teasing a crypto wallet and Truth Social filing for a Bitcoin ETF.

Multiple crypto-related updates emerged from the Donald Trump family yesterday. One came with controversy, while the other further marked enthusiasm for broader exposure to the digital asset sector from the family.

World Liberty Financial to Launch Crypto-Branded Wallets

Donald Trump Jr., a Web3 Ambassador to World Liberty Financial (WLFI), revealed the project’s plans to launch a branded crypto wallet and trading application. The official wallet would allow users to trade digital assets, including the TRUMP meme coin token.

Trump Jr. made the announcement in an X post on Tuesday while debunking WLFI’s involvement in the imminent launch of a similar product. 

For context, @GetTrumpMemes, the official X account of the TRUMP token, announced yesterday that it was launching a crypto wallet branded with President Trump’s pictures. The project announced that it is an easier route to buy digital assets and join the Trump community.

Interestingly, the launch featured prominent NFT marketplace Magic Eden. The Trump project announced that Magic Eden will power the wallet, with the marketplace offering up to $1 million in TRUMP token rewards for joining a waitlist for the imminent crypto wallet.

However, both Trump Jr. and Eric Trump have denied involvement with the crypto wallet, raising controversy, since the announcement came from the official Trump token X account. Nonetheless, Trump Jr. noted that WLFI would launch a similar product in the near term.

Truth Media Dabbles in Bitcoin Spot ETF

While the controversy rolled, another firm associated with President Trump announced a foray into a different crypto-related venture. The New York Stock Exchange (NYSE) Acra filed for a Truth Social Bitcoin ETF on behalf of Truth Social.

The Tuesday 19b-4 filing with the US SEC is requesting a rule change to list and trade the Bitcoin spot ETF on the NYSE. Meanwhile, the form shows that the sponsor of the ETF is Yorkville American Digital, a Florida-based asset management firm.

Furthermore, a filing followed a partnership between Trump Media and Crypto.com in April to launch a series of “Made In America” ETPs. The planned offering includes Bitcoin and Crypto.com’s Cronos token, with yesterday’s filing marking the first product to be introduced since the collaboration.

Eric Balchunas, the senior ETF analyst at Bloomberg, confirmed the filing in a tweet, noting it will offer investors alternative exposure to Bitcoin and trade on the NYSE Arca. If approved, the product will become the 13th US Bitcoin spot exchange-traded fund (ETF), joining the likes of BlackRock and Fidelity.

Remarkably, this adds to the growing list of crypto ventures tied to President Trump. The WLFI had earlier moved into stablecoins, with Trump Media recently announcing a Bitcoin Treasury that would be worth an initial $2.5 billion.

WLFI Airdrops USD1 to Presale Participants as $48M in TRUMP Meme Coins Offloaded to Exchanges

Albert Brown
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WLFI Airdrops USD1 to Presale Participants as $48M in TRUMP Meme Coins Offloaded to Exchanges

World Liberty Financial (WLFI), a DeFi project connected to President Donald Trump, has initiated an airdrop of its USD1 stablecoins to wallets involved in its presale. 

On June 4, analytics firm Lookonchain revealed that several wallet addresses participating in the WLFI token sale had received 47 USD1 tokens each. This move follows the approval of a proposal recommending the distribution of the USD-pegged stablecoins.

The choice of the number 47, tied to Donald Trump’s position as the 47th U.S. President, appears to be a deliberate reference. Several WLFI token holders on social media platforms have confirmed receiving the airdrop, which is an experiment in testing the project’s airdrop function.

Stablecoin Airdrop Sparks Increased Activity

The proposal for the airdrop was passed on May 14, receiving overwhelming support with 99.96% approval from a governance vote, totaling 12,000 votes. 

Prior to the airdrop announcement, USD1 transfer volumes reached an all-time high on April 29, 2025, with transactions totaling $4.2 billion. 

This surge marked an extraordinary spike compared to previous activity. While the volume dipped slightly afterward, it has remained consistently higher than prior levels, hovering around $1.6 billion. The chart below shows an astounding increase of 8,862,627.8% in transfer volume following the airdrop.

Screenshot 2025 06 04T082105107
USD1 Transfer Volume

Increased Trump-Linked Crypto Activities

In addition to the airdrop, there has been a significant increase in transactions involving Trump-related crypto tokens. On the same day, several major exchanges, including Binance, OKX, Bybit, and Coinbase, saw substantial deposits of TRUMP tokens.

These tokens were mostly transferred from the Squads Vault. A total of 4.166 million TRUMP tokens, worth approximately $48.68 million, were transferred across these platforms.

A month earlier, similar deposits occurred, totaling 3.849 million TRUMP tokens, valued at around $57.61 million. These transactions have sparked further discussions around the broader crypto ecosystem surrounding Trump-linked initiatives.

Surge in TRUMP meme coin to exchanges
Surge in TRUMP meme coin to exchanges

Melania Trump’s Meme Coin Expands 

In another development, Melania Trump’s meme coin project, MELANIA, has gained attention through a partnership with Wintermute for liquidity supply.

Following the announcement, 150 million MELANIA tokens, valued at approximately $50 million, were transferred from the community wallet, with 20 million tokens sent to Wintermute. The team has also hinted at launching a new website soon.

In the midst of these developments, rumors have circulated regarding an “Official Trump Wallet” crypto project. However, both the Trump Organization and his sons have denied involvement in such an initiative, despite the growing interest and speculation.

Ripple CEO Says Ripple Never Offered $10-$20B to Acquire Circle: Report

Lele Jima
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Ripple CEO Says Ripple Never Offered $10-$20B to Acquire Circle: Report

Ripple CEO Brad Garlinghouse has clarified the swirling rumors about the company’s alleged bid to acquire USDC stablecoin issuer Circle.

In an X post yesterday, fintech policy expert Chris Brummer summarized key takeaways from his fireside chat with Garlinghouse during the XRP Las Vegas conference.

According to the summary, Garlinghouse and Brummer discussed Ripple’s future direction and addressed rumors surrounding a potential acquisition of Circle.

Rumors of Ripple’s interest in acquiring Circle have been circulating since April. Multiple reports suggested that Circle rejected an initial offer from Ripple in the range of $4 billion to $5 billion, deeming it insufficient. Notably, subsequent reports claimed that Ripple raised its offer to between $10 billion and $20 billion.

Ripple Never Offered $10-$20B for Circle 

However, according to Brummer, Garlinghouse refuted this claim at the XRP Las Vegas conference, denying that Ripple ever offered $10–$20 billion to acquire Circle.

While his statement implied that Ripple may have made an offer at some point, he did not disclose specific financial details. According to Brummer, Garlinghouse indicated that Ripple was not pursuing an outright takeover of Circle.

In the meantime, Circle has dismissed reports about potential plans to sell itself to Ripple. A spokesperson affiliated with the stablecoin issuer revealed that the company is currently focused on its long-term goals. 

Weeks after denying the acquisition rumors, Circle filed for an IPO on the NYSE, offering 24 million Common A shares at $24 to $26 each. 

Other Major Key Points From Garlinghouse

Meanwhile, Brummer also shared other key points Garlinghouse made at the conference. 

RLUSD’s Use in Hidden Road 

According to Brummer, Garlinghouse hinted that Ripple’s acquisition of Hidden Road signals deeper ambitions. The deal, which would see Hidden Road utilize RLUSD as a collateral asset for its prime brokerage services, signals Ripple’s intent to position RLUSD as an on-ledger collateral, not just another stablecoin.  

Brummer described this approach as “infrastructural thinking,” perhaps unexciting to some, but foundational for the industry.

XRPL’s Selection in Dubai Real Estate Tokenized Project 

Additionally, the Ripple CEO also commented on the selection of the XRP Ledger (XRPL) for Dubai’s real estate tokenization project. The Dubai Land Department, in collaboration with Ctrl Alt, the Dubai Future Foundation, and the Virtual Assets Regulatory Authority, would issue tokenized title deeds on XRPL. 

Reacting, Garlinghouse asserted that tokenization is transitioning into a practical experiment in some regions like Dubai. 

Unity in Crypto 

Furthermore, the Ripple CEO also advocated for unity across the broader crypto space as he weighed in on the company’s donation of the Skull of Satoshi to the Bitcoin community. 

In his view, the continuous conflict between crypto communities yields no positive results but harms the entire industry. Hence, he encouraged the industry to unite in achieving shared goals. 

Top Analyst Predicts $38 Price Target for XRP — Here’s the Main Reason Why

Sam Wisdom Raphael
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Top Analyst Predicts $38 Price Target for XRP — Here’s the Main Reason Why

XRP could be on track to resume its bull run after retesting the neckline of a years-long double bottom structure.

Veteran analyst and Dutch market technician Gert van Lagen highlighted this situation in one of his previous analyses. However, despite weeks of price action, data suggests the analyst’s commentary is still relevant, as XRP has maintained this retest.

Specifically, Van Lagen previously spotlighted a double bottom XRP formed on the 2-week chart that has persisted for seven years. 

XRP Forms 7-Year Double Bottom

For the uninitiated, a double bottom is a pattern that signals a possible shift from a downward trend to an upward one. Notably, it resembles a “W” shape, forming when the price drops, recovers, dips again to nearly the same level, and then climbs.

In XRP’s case, the first bottom formed when the asset collapsed from the $3.8 all-time high in January 2018 to a floor price of $0.1140 by March 2020. XRP eventually recovered from this floor to a new high of $1.96 in April 2021 during the bull run at the time. This confirmed the first formation.

XRP Forms Double Bottom Gert Van Lagen
XRP Forms Double Bottom | Gert Van Lagen

Meanwhile, the second bottom formed when XRP slumped from the $1.96 high in April 2021 to another floor price of $0.2870 in June 2022. This materialized on the back of the Terra collapse in May 2022. However, XRP recovered to the $2 mark in December 2024, sealing the second formation.

With these two bottoms fully formed, the structure took shape, featuring a neckline at the $2 price level. In such patterns, a break above the neckline is often a signal of a bullish breakout. Nonetheless, the market typically expects a retest of the neckline support following that breakout before a price run.

Interestingly, XRP broke above the neckline in December 2024, soaring further to a high of $3.4 by January 2025. However, at $3.4, the asset faced resistance, eventually retracing to the $2 mark. XRP has struggled at $2 since February, and as it faces these struggles, the asset is essentially retesting the neckline.

Analyst Sets XRP Target at $38, but Insists It’s Conservative 

To maintain its bullish structure, XRP must defend the $2 mark, which represents the neckline. As long as this structure remains, the double bottom pattern is still intact, and a recovery could lead to the much-anticipated price explosion.

The analyst also identified an ascending triangle that began forming after the first bottom. Importantly, Van Lagen has set a target of $38, marking a 1,604% increase from the current XRP price of $2.23. Nonetheless, the analyst insists this target is conservative due to historical precedent. 

Specifically, when XRP witnessed a similar double bottom structure from December 2013 to April 2017, the post-breakout rally was more parabolic than what it would witness from here to $38. Despite this more parabolic run, the previous double bottom took less time to form, with just over three years.

Notably, several analysts have also predicted a possible run to the $30 range. For instance, market watcher EGRAG suggested in February that XRP could claim $34. Also, wealth mentor Linda Jones mentioned last November that XRP’s 4-year cycle could push the asset to $33.

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