XRP Declines as PEPE Eyes Major Rally—BlockDAG Raises $210M, Targets $1 Following Keynote 3 Revelations

As XRP declines and PEPE shows promise, BlockDAG's strong foundation with a $210M raise and live testnet hints at an upcoming $1 value.

As XRP continues to decline despite Ripple’s positive legal verdict and BlockDAG's strong foundation with a $210M raise is hinting at an upcoming $1 value for the token following Keynote 3 revelations, analysts are suggesting a 300% surge for PEPE if it manages to overcome key resistance levels.

XRP Drops Despite Ripple’s Victory—What’s Causing the Decline?

XRP is currently facing a downturn, with prices falling about 4% despite recent legal triumphs for Ripple and initiatives to increase liquidity. Prices have been fluctuating between $2.37 and $2.26, baffling many who expected a rally following the anticipation.

Nansen analyst Nicolai Sondergaard points out that Ripple’s legal successes had already been factored into the price since mid-2023, with XRP gradually rising in anticipation of favorable SEC outcomes. However, this week’s subdued market response indicates that traders had already priced in the positive results.

Furthermore, recent statements by former President Trump about potential tariffs have introduced more uncertainty, dampening the overall market mood and impacting the sell-off.

While Ripple’s legal victories are certainly beneficial for XRP in the long run, current market instability and broader economic concerns are also pressing down on the token. For those with a long-term focus, the lower prices might present a good opportunity to buy XRP. However, the question of when to enter remains crucial as XRP seeks to regain stability.

Major Holder Withdraws 506B PEPE—Can It Spark a 300% Surge?

A major holder recently withdrew a massive 506.2 billion PEPE tokens, valued at approximately $4.4 million, from Binance, sparking conversation about a potential breakout for the meme coin.

The holder, known as Qianbaidu.eth, has now accumulated nearly 700B PEPE, adding to their previous gains of $7.3 million from a smaller crypto investment. This development comes as part of a broader trend that has seen the number of whale accounts holding 1T–10T PEPE increase by 15.3% since March, showcasing strong confidence in the token.

Despite a brief price drop to $0.00000859, PEPE has shown resilience, rising 13% in the last week. This rally follows a period of consolidation in March, paving the way for a potential breakout.

Analysts are also highlighting a double bottom pattern and decreasing supply on exchanges as indicators of potential growth for PEPE. If the token can manage to surpass resistance levels at $0.00002384, $0.00002965, and $0.00003466, it could potentially climb by 300%.

With heightened activity from major holders and a resurgence in interest around meme coins, PEPE may be gearing up for a significant rally in the coming weeks. For those monitoring the market for entry points, the potential for substantial gains and a limited downside at current price levels presents an interesting opportunity.