XRP news today: Crypto Market Dips 0.73% as XRP and Bitcoin Pepe Gain Traction
2min read On Sunday, the cryptocurrency market demonstrated resilience despite a slight decrease in overall market capitalization. The global crypto market cap stood at $2.98 trillion, reflecting a 0.73% decline over the past 24 hours. Bitcoin maintained its position above the $95,000 mark, while Ethereum hovered above $1,800. In this dynamic market, investors are increasingly focusing on two projects with significant potential for substantial gains: XRP and Bitcoin Pepe.
XRP is exhibiting bullish signals due to renewed whale accumulation and growing optimism surrounding a potential spot ETF approval. On-chain data from Santiment indicates that wallets holding between 10 million and 100 million XRP added over 200 million tokens last week. This accumulation is seen as institutional positioning, coinciding with heightened expectations of an XRP spot ETF approval. Polymarket odds for such an approval have surged to 80%, and the anticipated launch of ProShares’ XRP ETF on May 14 is fueling bullish sentiment. Currently trading around $2.20, XRP has recovered from a brief dip to $2.15 on April 30, which triggered nearly $13.9 million in long liquidations. Despite this volatility, analysts such as Javon Marks remain optimistic, stating that with lower timeframes confirming bull signals, another upside move can be in the works for XRP. The recent uptick in whale accumulation and ETF-linked optimism could serve as key drivers for XRP as it eyes a potential reclaim of the $3 mark.
Meanwhile, Bitcoin Pepe is garnering significant investor attention. The project aims to unite two powerful market forces in the crypto world: Bitcoin’s credibility and meme coin virality. The team behind Bitcoin Pepe emphasizes the opportunity to merge these forces, stating, “The opportunity isn’t subtle. Meme coins hit $100B without Bitcoin. Bitcoin sits at $2T without memes. We’re the first to merge them.” Momentum behind the project is intensifying, with the Bitcoin Pepe presale raising more than $7.6 million. Demand continues to build ahead of the transition to stage 10, which begins once contributions cross $7.78 million. The project introduces the PEP-20 token standard, enabling the deployment of meme coins on the Bitcoin blockchain—a first-of-its-kind infrastructure innovation. Presale stages feature roughly 5% price increases per round. BPEP has already climbed from $0.021 in its opening round to $0.031 in stage 9—a gain of over 40% for early participants. If the current trajectory holds, the token is expected to reach $0.0864 by the final stage, offering early backers potential triple-digit returns. Bitcoin Pepe is not shy about its mission, stating, “We’re building the infrastructure that makes number go up forever, combining Bitcoin’s immortality with the pure, unfiltered power of memes.” With a presale structure that mirrors rising interest and a clear effort to build foundational tools for meme-based speculation, Bitcoin Pepe is shaping up to be more than just another viral play—it’s a platform built to scale with the next wave of crypto mania.
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