XRP On The Brink of $1, Bitcoin Races to $91,500, Dogecoin Stumbles as Hyperliquid Skyrocket!

TL;DR

• XRP Trapped Near $1.00: Record U.S. spot ETF inflows of $116.74 million fail to spark a rally, leaving XRP vulnerable to a drop toward $1.05 unless Washington’s upcoming Senate vote on the CLARITY Act triggers a reversal.
• Bitcoin Eyes $91,150: Despite losing $1.26 billion in weekly ETF outflows, BTC successfully tested its middle Bollinger Band support at $75,029, setting up a potential squeeze toward the $91,150 zone as market dominance rises.
• Hyperliquid Flips Dogecoin: HYPE surged 46.68% to hit a $16.03 billion market cap, pushing DOGE to 10th place due to a massive $1.16 billion trading-fee buyback engine and aggressive institutional ETF inflows.

Millions in ETFs are not saving XRP: Why the $1.05 level is working like a magnet

Despite strong demand for XRP ETFs in the U.S., the price of XRP continues to hover around $1. However, a significant political development is gaining momentum, which could potentially reverse this downward trend.

Something unusual is happening in the crypto market: U.S. XRP exchange-traded funds (ETFs) recently saw their biggest single-day increase in investments this year, with $116.74 million flowing in, according to SoSoValue. Normally, this would cause the price of XRP to go up, but instead, it’s actually decreased slightly – down 0.16% since the beginning of May.

As a researcher following the crypto market, I’ve observed that despite significant institutional investment – millions of dollars – the overall price hasn’t really budged. It seems that even with these large inflows through ETFs, we haven’t seen the price increases some expected, suggesting that ETFs alone aren’t enough to drive up prices right now. The broader market skepticism is clearly having a strong effect.

As a researcher, I’ve been observing a lack of buying power in the market, and my attention has shifted to the weekly TradingView chart. What I’m seeing there is a clear technical pattern developing. Each week the price closes below the middle Bollinger Band, the likelihood of a price recovery diminishes. This is creating a strong pull towards the lower band, currently at $1.0596. Given the current market momentum, I believe a drop to this level, and potentially even lower towards the round number of $1.05, is the most probable outcome in the coming weeks.

Right now, the main factor preventing XRP’s price from dropping to around $1 is what happens in Washington D.C. The market is closely watching the U.S. Senate for a vote on the CLARITY Act, which is anticipated in June and could be approved by July 2026.

XRP has reacted strongly to regulatory updates in the past, once seeing a significant price increase after a positive vote in the Banking Committee. However, that initial surge didn’t last, and now XRP is likely to follow the overall market’s direction until June.

If Bitcoin’s price goes down, XRP is likely to fall as well, potentially dropping to around $1.05.

Why Bitcoin is aiming for $91,150 despite altcoin panic

Despite recent shifts in the market, like money moving from U.S. Bitcoin ETFs and ongoing events in the Middle East, Bitcoin is behaving independently. Unlike most other cryptocurrencies which are currently falling in value, Bitcoin is showing a different pattern when looking at its weekly performance.

When the price successfully tested the middle Bollinger Band at around $75,029, it didn’t just prevent a market downturn. It also maintained the possibility of a significant price increase, potentially reaching the $91,150 level.

It seems strange that Bitcoin is doing well technically, especially when you look at what’s happening with trading. U.S. Bitcoin ETFs have been experiencing net outflows for six days in a row, losing a total of $1.26 billion this week, largely due to selling pressure from BlackRock’s IBIT fund.

However, the market found the strength to absorb this massive supply overhang.

Despite concerns about Bitcoin ETFs, the price of BTC staying above a key moving average suggests a potential buying opportunity. While some investors are selling in a rush, more sophisticated traders appear to be taking advantage of the lower prices to build their positions, viewing the current dip as a strong signal to buy.

The crypto market is currently experiencing a shakeout, with Bitcoin proving more resilient than other cryptocurrencies. XRP and several major altcoins are showing signs of weakness, falling below key support levels when compared to Bitcoin. This suggests money will likely flow into Bitcoin, increasing its dominance in the market.

This split is happening because of shifts in the overall economic climate. Investors are starting to understand that the potential peace agreement in the Middle East isn’t just about reducing conflict in that region – it’s a game-changer with wider implications. The oil market, where many traders were already betting on a decrease in prices, is already reflecting expectations of de-escalation.

For stock markets to truly recover and keep rising, we need clear announcements from authorities and, crucially, the free flow of traffic through the Strait of Hormuz. Currently, disruptions there are contributing to rising prices worldwide.

Buybacks and ETFs lift Hyperliquid above Dogecoin

Hyperliquid’s cryptocurrency, HYPE, has rapidly gained popularity, now ranking as the 9th largest globally according to CoinMarketCap. This move has bumped Dogecoin (DOGE) down to 10th place. HYPE’s price surge past $63 resulted in a market value of $16.03 billion, slightly exceeding Dogecoin’s $15.95 billion.

This shift highlights a battle between two different approaches to the crypto market: the enthusiastic support of a dedicated community, versus a focus on precise financial design. While Dogecoin is holding steady around $0.103 thanks to its loyal followers, HYPE saw a significant 46.68% increase in value over the last week by attracting investment from institutions and utilizing automated DeFi strategies.

Hyperliquid’s success is largely due to its self-sustaining system. Unlike cryptocurrencies like DOGE that rely on outside events for price increases, HYPE benefits from constant, automated buying. The platform’s Assistance Fund uses 97% of all trading fees to purchase HYPE directly from the market, and has already spent over $1.16 billion doing so.

Increased buying interest happened at the same time that trading companies were rapidly taking HYPE tokens out of circulation. The PURR fund, for example, secured about 10% of the available HYPE supply using automated trading strategies. These firms are significant players: PURR has a $1 billion line of credit, and in early 2026, its holdings even replaced Solana and XRP ETFs on Goldman Sachs’ books.

The growth of traditional finance in the cryptocurrency space was recently strengthened by new ‘spot’ ETFs from 21Shares and Bitwise. These ETFs attracted $57 million in net investments within just one week.

Despite recent dips, it’s still too soon to dismiss Dogecoin. It benefits from existing momentum and continued support from large investors. Even as excitement peaked, wallets holding significant amounts of Dogecoin – between 10 million and 100 million coins – bought over 525 million more in a single week, creating a strong base around the $0.10 price point.

Crypto market outlook: Bitcoin ignores panic ahead of Memorial Day

Bitcoin is currently staying above $77,000 after quickly recovering from a dip to $75,000. Even though many individual investors are worried about $1.26 billion leaving exchange-traded funds (ETFs) this week, a shift is happening in the market. Money is moving out of struggling alternative cryptocurrencies (altcoins) and flowing into Bitcoin, which is strengthening its position as the leading cryptocurrency.

Key checkpoints:

• Bitcoin price and on-chain: The local growth trigger is progress in diplomatic negotiations in the Middle East. While spot ETFs are applying selling pressure, strong hands are using the consolidation for aggressive position accumulation.
• American Reserve Modernization Act (ARMA): A major bipartisan bill on a strategic Bitcoin reserve under the U.S. Treasury has been submitted to the House of Representatives. Agencies will be required to transfer all seized coins into centralized custody for at least 20 years. BTC sales will be allowed only to repay government debt.
• Institutional inflows: The capital rotation is confirmed by first-quarter reports. Bank of America, the second-largest bank in the United States, increased its stake in the IBIT fund to $37 million while liquidating positions in ETH and Solana.
• Macro shock on May 28: The main focus of the week is the release of April Core PCE. Against the backdrop of cheaper oil, markets are waiting for softer Fed rhetoric. A short-term pause in liquidity will come from Memorial Day in the United States on May 25, when U.S. exchanges and ETF trading will be fully closed.

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2026-05-24 16:19