XRP is showing early signs of quiet accumulation as large wallet activity spikes, but the price remains range-bound. Over 300,000 addresses now hold 10,000 or more XRP (XRP), according to a May 5 post on X by crypto analyst Kyledoops.…

XRP whale wallets surge past 300K — is a breakout on the horizon?

**Key points:**
 * Bitcoin price hangs near $97,000 as traders await today&#8217;s FOMC minutes.
 * Bitcoin holding $95,000 as support is key for bullish price expansion in the short term.
 * Select altcoins are holding their respective support levels, opening the gates for a short-term rally.
Bitcoin (BTC) bulls are trying to knock down the immediate resistance at 
$97,895 and challenge the all-important $100,000 level. Crypto analytics 
platform Santiment said in a post on X that Bitcoin wallets holding between 10 
and 10,000 Bitcoin are positive about further gains as they have acquired 
81,338 Bitcoin over the past six weeks.
Investors have also been piling into BlackRock&#8217;s spot Bitcoin exchange-traded 
fund for the past 16 days, which has boosted its new capital inflows to about 
$4.7 billion, according to ETF Store President Nate Geraci.
Bloomberg ETF analyst Eric Balchunas also suggested that the spot Bitcoin ETF 
&#8220;will have triple gold&#8217;s ETF assets under management in 3 to 5 years.&#8221;
_Crypto market data daily view. Source:__Coin360_
According to Bitfinex data, Bitcoin must hold above $95,000 to signal a 
&#8220;structural shift&#8221; into bullish territory, opening the doors for a rally to an 
all-time high. However, if the $95,000 level cracks, the analysts expect 
Bitcoin to witness a deeper correction.
Could Bitcoin challenge the $100,000 resistance? Are select altcoins showing 
signs of a short-term up move? Let&#8217;s analyze the charts of the top 10 
cryptocurrencies to find out.
## Bitcoin price prediction
Bitcoin rebounded off the 20-day exponential moving average ($93,091) on May 
6, indicating that the sentiment remains positive and traders are buying on 
dips.
_BTC/USDT daily chart. Source: Cointelegraph/TradingView_
There is minor resistance at $97,895, but if the level is crossed, the 
BTC/USDT pair could challenge the psychological resistance at $100,000. 
Sellers are expected to vigorously defend the level because a break above it 
could propel the pair to $107,000.
Time is running out for the bears. If they want to make a comeback, they will 
have to sink and sustain the price below the 20-day EMA. If they succeed, the 
pair could tumble to the 50-day simple moving average ($87,441).
## Ether price prediction
The bears are struggling to pull Ether (ETH) below the moving averages, 
indicating a lack of selling at lower levels.
_ETH/USDT daily chart. Source: Cointelegraph/TradingView_
Buyers will try to take advantage of the situation and push the price above 
the immediate resistance at $1,873. If they do that, the ETH/USDT pair could 
pick up momentum and soar toward $2,111. There is minor resistance at $1,957, 
but it is likely to be scaled.
Sellers are likely to have other plans. They will try to tug the price below 
the moving averages, opening the gates for a fall to $1,537. Buyers will try 
to defend the $1,537 level, but if they fail in their endeavor, the pair may 
collapse to the vital support at $1,368.
## XRP price prediction
XRP (XRP) fell below the moving averages on May 4, but the bears could not 
sink the price to the $2 support.
_XRP/USDT daily chart. Source: Cointelegraph/TradingView_
The flattish moving averages and the RSI just below the midpoint suggest that 
the XRP/USDT pair may remain stuck between the resistance line and the $2 
support for some more time.
A break and close above the resistance line signals a potential trend change. 
The pair could then rally toward $3. Conversely, a break and close below $2 
opens the gates for a collapse to the $1.72 to $1.61 support zone.
## BNB price prediction
The failure of the bears to sustain BNB (BNB) below the moving averages 
indicates demand at lower levels.
_BNB/USDT daily chart. Source: Cointelegraph/TradingView_
The bulls will have to try and overcome the barrier at $620 to clear the path 
for a rally to the strong overhead resistance at $644. Sellers will try to 
halt the recovery at $644, but if the bulls prevail, the next stop could be 
$680.
This positive view will be invalidated in the near term if the BNB/USDT pair 
turns down and breaks below the $576 support. That heightens the risk of a 
fall to $520. Buyers are expected to aggressively defend the $500 to $520 
zone.
## Solana price prediction
Solana (SOL) is finding support at the moving averages, signaling a positive 
sentiment where dips are being purchased.
_SOL/USDT daily chart. Source: Cointelegraph/TradingView_
The bulls will try to strengthen their position by pushing the price above the 
$153 resistance. If they can pull it off, the SOL/USDT pair could climb to 
$180 and then to $200. That signals the pair may swing inside the large $110 
to $260 range for a while.
Sellers will have to drag the price below the 20-day EMA to prevent the 
upside. The pair could then tumble to the 50-day SMA ($133). That indicates a 
consolidation between $110 and $153 for a few days.
## Dogecoin price prediction
Dogecoin (DOGE) has been clinging to the moving averages, signaling a balance 
between supply and demand.
_DOGE/USDT daily chart. Source: Cointelegraph/TradingView_
If the price closes below the moving averages, the bears will try to pull the 
DOGE/USDT pair to the support of the range at $0.14. The bulls will attempt to 
keep the pair inside the range by buying near $0.14.
On the upside, buyers will have to drive and maintain the price above $0.21 to 
suggest a short-term trend change. The pair could rally to $0.25 and 
subsequently to the pattern target of $0.28.
## Cardano price prediction
Cardano (ADA) is witnessing a tough battle between the buyers and sellers near 
the moving averages.
_ADA/USDT daily chart. Source: Cointelegraph/TradingView_
The flattish moving averages and the RSI near the midpoint do not give a clear 
advantage either to the bulls or the bears. If the price moves up from the 
current level, it is expected to face selling at $0.75. A break and close 
above $0.75 could propel the pair to $0.83.
On the downside, there is solid support at $0.58. If the price rebounds off 
$0.58, the ADA/USDT pair could form a range. Sellers will seize control on a 
break below the $0.58 support. The pair may then descend to the $0.54 to $0.50 
support zone.
_**Related:**__**Can XRP price reach $4 in May? Analysts are watching these 
key levels**_
## Sui price prediction
Sui (SUI) rebounded off the 20-day EMA ($3.14) on May 6, indicating that lower 
levels are attracting buyers.
_SUI/USDT daily chart. Source: Cointelegraph/TradingView_
There is minor resistance at $3.50, but if it is crossed, the SUI/USDT pair 
could ascend to $3.90. Sellers are expected to defend the $3.90 level with all 
their might because a break above it could propel the SUI/USDT pair to $4.25 
and eventually to $5.
Instead, if the price turns down and breaks below the 20-day EMA, it suggests 
that the bulls are rushing to the exit. The pair risks dropping to the solid 
support at $2.86 and then to the 50-day SMA ($2.61).
## Chainlink price prediction
Chainlink (LINK) is finding support at the 50-day SMA ($13.66), but the 
failure to start a strong rebound suggests the bears have kept up the 
pressure.
_LINK/USDT daily chart. Source: Cointelegraph/TradingView_
If the 50-day SMA gives way, the LINK/USDT pair could slump to $11.68. Buyers 
will try to defend the level, but the relief rally is likely to face selling 
at the moving averages. If the price turns down from the moving averages, the 
pair could fall to the support line of the descending channel.
Contrarily, if the price turns up from the current level and maintains above 
the 20-day EMA ($13.99), the pair could rally toward the resistance line. 
Buyers will have to pierce the resistance line to signal that the downtrend 
could be over.
## Avalanche price prediction
Avalanche (AVAX) has slipped below the 50-day SMA ($19.90), indicating that 
the range-bound action could continue for a few more days. 
_AVAX/USDT daily chart. Source: Cointelegraph/TradingView_
If the price skids below $18.50, the AVAX/USDT pair could drop to the support 
of the range at $15.27. Buyers are expected to aggressively defend the $15.27 
level, as a break below it may resume the downtrend.
Alternatively, a bounce off the current level suggests the bulls are trying to 
keep the pair inside the upper half of the range. Buyers will have to drive 
the price above $23.50 to start an up move to $28.78 and then to the pattern 
target of $31.73.
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Price predictions 5/7: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, SUI, LINK, AVAX

Newly released documents show the New York Attorney General urged the SEC to 
classify Ethereum as a security. This urgency was evident during the SEC&#8217;s 
2023 enforcement action against crypto exchange KuCoin. However, the SEC 
ultimately declined to publicly state…

NY Attorney General pressed SEC to call ETH a security in KuCoin case

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The Bybit exchange has recovered its liquidity to pre-hack levels just 30 days 
following the February 2025 attack that drained nearly $1.5 billion in funds.
According to a report from crypto research and analytics firm Kaiko, Bitcoin&#8217;s 
(BTC) 1% market depth, a measure of liquidity, returned to pre-hack levels of 
around $13 million per day in March 2025.
_Bitcoin liquidity on Bybit exchange rebounds to pre-hack levels. 
Source:__Kaiko_
Altcoin liquidity levels on the exchange have been slower to recover than 
Bitcoin but have rebounded to around 80% of the pre-hack levels. The authors 
of the Kaiko report added:
&gt; &#8220;This lag is largely due to the risk-off market environment, which has 
&gt; impacted altcoins more severely. While Bitcoin is still seen as a risky 
&gt; asset, it remains the crypto market&#8217;s safe haven.&#8221;
Overall, the exchange&#8217;s trading volumes remain in recovery; however, the 
report notes that this drop reflects the broader market trend in response to 
the ongoing macroeconomic uncertainty that has rattled risk asset markets and 
is not an effect of the biggest hack in crypto history.
_Altcoin liquidity on the platform has been slower to recover than Bitcoin 
liquidity. Source:__Kaiko_
 _**Related:**__**Hacken CEO sees &#8216;no shift&#8217; in crypto security as April hacks 
hit $357M**_
## Bybit&#8217;s incident response
The Bybit exchange was hacked by cybercriminals on February 21, 2025, 
resulting in $1.5 billion in stolen funds. A post-mortem update revealed a 
compromised device from a SafeWallet developer, the firm responsible for the 
multi-signature wallet custody solution used by the exchange, as the cause of 
the hack.
Bybit kept withdrawals open during the incident, allowing users to access and 
pull their funds with little delay during the crisis.
_A condensed timeline of events of the February 2025 Bybit hack. 
Source:__Kaiko_
Ben Zhou, the CEO of Bybit, reassured investors that the exchange was solvent 
and said that the company&#8217;s reserves could cover the shortfall whether or not 
the stolen funds were ever recovered.
Zhou&#8217;s response united the crypto industry behind Bybit, with many competitors 
providing bridge loans to the exchange, technical assistance, and freezing the 
stolen funds on their protocols.
_**Magazine:**__**Deposit risk: What do crypto exchanges really do with your 
money?**_

Bybit recovers liquidity levels 30 days after hack — Kaiko

Solana&#8217;s DEX volume reached $806.8 billion this year, with more than half of 
the gains in January.