{"id":28260,"date":"2025-05-23T10:16:51","date_gmt":"2025-05-23T10:16:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=28260"},"modified":"2025-05-23T10:16:51","modified_gmt":"2025-05-23T10:16:51","slug":"important-ripple-xrp-developments-cardanos-ada-bull-run-potential-and-more-bits-recap-may-23","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=28260","title":{"rendered":"Important Ripple (XRP) Developments, Cardano\u2019s (ADA) Bull Run Potential, and More: Bits Recap May 23"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li data-start=\"0\" data-end=\"301\">\n<p data-start=\"2\" data-end=\"301\">XRP\u2019s price has stalled lately due to potential factors like the selling spree from whales and the SEC\u2019s delayed decision on XRP ETF applications from CoinShares and Bitwise.<\/p>\n<\/li>\n<li data-start=\"302\" data-end=\"522\">\n<p data-start=\"304\" data-end=\"522\">Nearly one billion ADA has been withdrawn from exchanges in 2025, mirroring 2021\u2019s pre-all-time-high trend. The shift to self-custody methods suggests reduced selling pressure and potential for a bullish breakout.<\/p>\n<\/li>\n<li data-start=\"523\" data-end=\"724\" data-is-last-node=\"\">\n<p data-start=\"525\" data-end=\"724\" data-is-last-node=\"\">DOGE shows a renewed momentum, with analysts forecasting a rally to $0.31, supported by rising whale activity, transaction volume, and user engagement.<\/p>\n<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Recap_CB-8.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-397659\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Recap_CB-8.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Recap_CB-8.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Recap_CB-8-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Recap_CB-8-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Recap_CB-8-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Recap_CB-8-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>What\u2019s New Around XRP?<\/h2>\n<p><span data-preserver-spaces=\"true\">Ripple\u2019s 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 CoinGecko\u2019s data), representing a mere 1% rise on a seven-day scale.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">An important factor that has potentially <\/span><span data-preserver-spaces=\"true\">put the brakes on<\/span><span data-preserver-spaces=\"true\"> the asset\u2019s rally is the recent whale activity. As <\/span><em><span data-preserver-spaces=\"true\">CryptoPotato<\/span><\/em><span data-preserver-spaces=\"true\"> recently <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/xrp-price-suddenly-drops-by-5-as-ripple-whales-offload-tokens\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">reported<\/span><\/a><span data-preserver-spaces=\"true\">, large investors <\/span><span data-preserver-spaces=\"true\">have<\/span><span data-preserver-spaces=\"true\"> sold more than 60 million tokens (equaling roughly $145 million) in <\/span><span data-preserver-spaces=\"true\">the span of<\/span><span data-preserver-spaces=\"true\"> three days.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This development showcases reduced confidence in the asset. <\/span><span data-preserver-spaces=\"true\">The<\/span><span data-preserver-spaces=\"true\"> whales\u2019 actions <\/span><span data-preserver-spaces=\"true\">are closely monitored by smaller players, who may take this as<\/span><span data-preserver-spaces=\"true\"> a worrying sign and <\/span><span data-preserver-spaces=\"true\">also<\/span><span data-preserver-spaces=\"true\"> decide to cash out.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It is worth mentioning that the big investors had a much different strategy in April, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/900000000-xrp-bought-in-a-month-what-do-ripple-whales-know\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">purchasing<\/span><\/a><span data-preserver-spaces=\"true\"> more than 900 million XRP tokens.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Another element that could have suppressed the price of Ripple\u2019s cryptocurrency is the US SEC\u2019s<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/JSeyff\/status\/1925665892710445284\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\"> delayed decision<\/span><\/a><span data-preserver-spaces=\"true\"> on the launch of two XRP ETFs proposed by CoinShares and Bitwise. <\/span><span data-preserver-spaces=\"true\">While the introduction of the first spot XRP exchange-traded fund in the US is still waiting for approval, <\/span><span data-preserver-spaces=\"true\">there are<\/span><span data-preserver-spaces=\"true\"> some futures-based products <\/span><span data-preserver-spaces=\"true\">which<\/span><span data-preserver-spaces=\"true\"> are already live. Those curious to explore the topic in detail<\/span><span data-preserver-spaces=\"true\">, <\/span><span data-preserver-spaces=\"true\">can take a look at our article <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/ripple-xrp-etf-news-april-30-everything-you-need-to-know\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">here<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Is ADA Gearing up for a Big Move?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Cardano\u2019s native token has surged by 16% in the last month and is currently trading at around $0.81 (per CoinGecko\u2019s data). <\/span><span data-preserver-spaces=\"true\">Some essential indicators<\/span><span data-preserver-spaces=\"true\">, though,<\/span><span data-preserver-spaces=\"true\"> suggest a much more explosive rally could be just around the corner.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<p><em><span data-preserver-spaces=\"true\">CryptoPotato<\/span><\/em><span data-preserver-spaces=\"true\"> recently <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/cardano-ada-exploded-to-new-ath-the-last-time-this-happened-details\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">revealed<\/span><\/a><span data-preserver-spaces=\"true\"> 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.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On the other hand, ADA\u2019s 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.<br \/>\n<\/span><\/p>\n<figure id=\"attachment_397657\" aria-describedby=\"caption-attachment-397657\" style=\"width: 2404px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/ADA-RSI.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-397657\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/ADA-RSI.png\" alt=\"ADA RSI\" width=\"2404\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/ADA-RSI.png 1202w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/ADA-RSI-300x50.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/ADA-RSI-1024x170.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/ADA-RSI-768x128.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/ADA-RSI-50x8.png 50w\" sizes=\"auto, (max-width: 2404px) 100vw, 2404px\"><\/a><figcaption id=\"caption-attachment-397657\" class=\"wp-caption-text\">ADA RSI, Source: CryptoWaves<\/figcaption><\/figure>\n<h2><span data-preserver-spaces=\"true\">DOGE\u2019s Next Targets<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">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.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Ali Martinez <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/ali_charts\/status\/1925349892714615046\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">claimed<\/span><\/a><span data-preserver-spaces=\"true\"> that DOGE \u201cappears to be breaking out of a bull pennant, which suggests a target of $0.31.\u201d Earlier this month, he <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/3-bullish-signals-for-dogecoin-as-doge-battles-key-resistance-levels\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">outlined<\/span><\/a><span data-preserver-spaces=\"true\"> three bullish factors that might support an additional upside. Those include <\/span><span data-preserver-spaces=\"true\">the rise in<\/span><span data-preserver-spaces=\"true\"> active addresses, transaction volume, and whale activity.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The popular X user KALEO also chipped in. They <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/CryptoKaleo\/status\/1925493144524673049\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">predicted<\/span><\/a><span data-preserver-spaces=\"true\"> that DOGE\u2019s price has yet to reach its market top, citing the BTC halving, which has previously been a precursor for massive gains.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/important-ripple-xrp-developments-cardanos-ada-bull-run-potential-and-more-bits-recap-may-23\/\" rel=\"nofollow\">Important Ripple (XRP) Developments, Cardano\u2019s (ADA) Bull Run Potential, and More: Bits Recap May 23<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR XRP\u2019s price has stalled lately due to potential factors like the selling spree from whales and the SEC\u2019s delayed decision on XRP ETF applications from CoinShares and Bitwise. Nearly one billion ADA has been withdrawn from exchanges in 2025, mirroring 2021\u2019s pre-all-time-high trend. The shift to self-custody methods suggests reduced selling pressure and potential [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-28260","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28260"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28260\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}