Bitcoin Consolidates Above $100K, XRP Shows Signs of Historic Rally Pattern

The crypto market continues its bullish momentum with Bitcoin consolidating above $100,000 and XRP flashing signals reminiscent of its

The cryptocurrency market continues to show bullish strength as Bitcoin consolidates above $100,000 and XRP shows signals reminiscent of its previous 400% rally, while positive macro trends and network metrics are supporting further gains across major assets.

Crypto Market Summary

As Bitcoin maintains its price action above $100,000 during favorable macroeconomic conditions, the crypto market is displaying renewed vigor. The latest US-China trade agreement, which includes a 90-day deferment on tariffs and a 115% reduction in both countries, has contributed to a "risk-on" appetite. Furthermore, the CBOE Volatility Index (VIX) decreasing to its 30-year average of 20 from a high of 60 earlier in 2025 provides more evidence for this shift.

In terms of inflation data, the US Consumer Price Index (CPI) decreased to 2.3% year-over-year in April, reaching the lowest level since February 2025 and falling short of consensus predictions. This alleviation of inflationary pressure would increase the possibility of the Federal Reserve decreasing rates in 2025.

Institutionally, Coinbase is set to join the S&P 500 on May 19, becoming the first cryptocurrency company to be included in the renowned index. Following the announcement, COIN shares increased by 8.8%, raising its market value to $52.8 billion. Additionally, VanEck is introducing the first tokenized real-world asset fund that provides exposure to US Treasury notes as it joins established financial companies like BlackRock and Franklin Templeton in the expanding RWA domain.

In terms of regulations, Arizona Governor Katie Hobbs vetoed two crucial cryptocurrency bills that would have permitted state agencies to accept crypto payments and established a Digital Assets Strategic Reserve Fund.

Bitcoin Price Consolidates Above $104,000

Bitcoin’s BTC/USD consolidation above $100,000 coincides with positive signals on market mood. Reflecting trends like to those seen following the April 2024 halving, the Bitcoin Bull Score Index has jumped from 20 to 80, its highest score in 2025.

Institutional confidence is also returning rather powerfully, with over $5.7 billion flowing into Bitcoin ETFs in only three weeks. The US spot ETFs now have a record 1.26 million BTC in total assets under control.

However, some analysts advise caution. With Bitcoin’s open interest reaching nearly all-time highs of $68 billion, the market is clearly highly positioned. And with their Cryptoasset Sentiment Index at its highest level since November 2024, André Dragosch of Bitwise Asset Management warns that Bitcoin might be outpacing itself.

Since March, with changes in US policy guiding money into politically neutral assets, Bitcoin has shown a greater correlation with gold than equities. Should gold move into a corrective phase, Bitcoin might do the same. Moreover, seasonal trends suggest possible headwinds as June and September have always been the worst performing months for Bitcoin.

XRP Price Surges 55% From Local Bottom

XRP XRP/USD has rebounded by more than 55% since hitting a local bottom around $1.61 in April, currently trading around $2.58. Technical and on-chain studies suggest potential price rallies reminiscent of its 2024 bull run.

Data on whale flow indicates a clear reversal of trend. From November 2024, before the correction from above $3.55 to below $2.00, XRP whale wallets were decreasing their holdings. This trend has reversed as of mid-May; the 90-day moving average of net flows is now positive.

Such reversals have historically signaled major lows for XRP. Notably, as whale outflows slowed and eventually turned to net inflows, XRP’s rally from around $0.43 in July 2024 to $3.55 in January 2025—offering gains of roughly 400%—commenced.

Technical indicators also support this view; on the 3-day chart, XRP is breaking out from a multi-month descending wedge formation. While analysts highlight intermediate resistance around $2.80, the breakout predicts a price target of about $3.45, which is roughly 40% above the present levels.

Solana Price Shows Potential For More Gains After Recent Correction

The Solana SOL/USD token increased by 24.8% between May 6 and May 10 after Bitcoin broke out of $100,000. Currently trading at $184, on-chain data indicates that the price may rise further despite the recent correction.

With its $10.9 billion total value locked (TVL) exceeding the entire Ethereum layer-2 ecosystem,