ETH RSI, Source: CryptoWaves

XRP price dropped 2% on May 18, sliding to $1.3865 as traders sold aggressively into the $1.42 resistance zone.

XRP fell as traders took profits aggressively after another failed push above $1.42, knocking the token back below $1.40 in the 24-hour session ending May 18.

The sharpest move came during the May 17 23:00 UTC session, when 144.3 million in volume pushed price from the $1.42 area to lows near $1.378. Buyers stepped in around $1.38 to limit the loss, and XRP recovered partially into the close.

The rejection is technically significant. As crypto.news reported, roughly 1.24 billion XRP tokens are held by investors who entered between $1.45 and $1.47, creating a structural supply wall that absorbs buying on every approach to that level.

XRP price locked in triangle compression

Analysts have pointed to a months-long symmetrical triangle compressing XRP’s price action, with the apex tightening toward a resolution in late May. The pattern is approaching a decisive breakout point, with sellers still controlling the $1.42 upper edge even as buyers defend $1.38 on each test.

Standard Chartered analyst Geoffrey Kendrick has projected that Senate Banking Committee advancement of the CLARITY Act could unlock $4 to $8 billion in additional XRP ETF inflows, making that vote the primary binary catalyst for any breakout above $1.45. As crypto.news documented, XRP ETFs recorded $81.63 million in net inflows in April, the best month of 2026, yet price failed to sustain momentum despite consistent institutional demand.

What happens if $1.38 breaks

A clean breakdown below $1.38 removes the floor under the current consolidation and opens the path toward $1.30. Traders who entered at higher levels have been the primary selling force on each recovery attempt. The crypto.news XRP price page shows the token trading at roughly a 62% discount to its July 2025 all-time high of $3.65.

A close above $1.42 would be the first signal that sellers are losing their grip on the upper range. Until then, the symmetrical triangle continues to compress toward a resolution that technical analysts warn could be sharp in either direction.

TLDR

• Revolut has launched a Dogecoin-themed physical debit card in the United Kingdom and the European Union.
• The company said customers can use the card anywhere Visa and Mastercard are accepted.
• Revolut confirmed that users will not face additional exchange fees on purchases.
• The firm stated that transactions will follow the exchange rate at the time of payment.
• Revolut said crypto card payments may create tax obligations depending on local regulations.

Revolut has introduced a Dogecoin-themed physical debit card to expand crypto payments into daily spending. The company will launch the card in the United Kingdom and across the European Union, excluding Hungary, Switzerland, and Portugal. It said customers can use the card anywhere Visa and Mastercard operate.

Revolut Expands Crypto Payments With Dogecoin Card

Revolut confirmed that it will issue the Dogecoin card to users in selected European markets. The company stated that customers can pay at any merchant that accepts Visa (V) or Mastercard (MA). It said the rollout will begin in the United Kingdom and EU member states, except Hungary, Switzerland, and Portugal.

The company shared details about the card on X. It said users will not pay extra exchange fees when they make purchases. However, it clarified that transactions depend on the exchange rate at the moment of payment and may create tax obligations under local laws.

Revolut said the card forms part of its wider crypto offering. The company has worked to connect digital assets with standard payment networks. It aims to let users spend tokens through familiar retail systems.

The Dogecoin card supports payments funded by crypto balances held within the app. Users can convert their holdings at the point of sale. The company priced Dogecoin at $0.1047 during the announcement.

Revolut has expanded its crypto services during 2025. It integrated Polygon into its platform to support remittances and staking of POL tokens. It also enabled in-app crypto card payments for supported assets.

The company stated that the Dogecoin card aligns with growing demand for crypto-linked debit products. Exchanges such as Coinbase (COIN) and Crypto.com have widened their card programs. Firms now seek to connect token balances with daily retail activity.

Banking Push and Broader Expansion

Revolut continues to grow its banking operations alongside crypto services. In March, it secured approval to launch a fully licensed bank in the United Kingdom. The company confirmed that regulators granted the authorization after a formal review.

The firm also applied for a de novo banking license in the United States. It submitted the application to expand its presence in the American market. The move would allow it to operate as a regulated bank if approved.

Revolut stated that it will manage crypto card payments through its existing app framework. The company processes transactions using established payment rails. It said exchange rates apply at the time of each purchase.

The Dogecoin card represents the latest addition to Revolut’s payment portfolio. The company continues to introduce new financial products across regions. It confirmed that the card rollout will begin with eligible customers in the United Kingdom and EU markets.

Hyperliquid DEX’s native token, HYPE, is showing potential for a 55% rally after a wallet reportedly tied to Silicon Valley-based venture capitalist, a16z, accumulated $90.87 million worth of tokens in just over a month.

Key takeaways:

• HYPE’s three-day chart shows a potential cup-and-handle breakout, with the neckline sitting near $45–$47.
• ETF launch, Coinbase-Circle USDC roles, and potential US regulatory clarity may expand Hyperliquid’s institutional demand base.

HYPE cup-and-handle setup eyes record highs

HYPE appears to be forming a cup-and-handle pattern, a classic bullish continuation setup.

A cup-and-handle forms when price makes a rounded recovery, pauses near resistance, and then breaks higher. Traders calculate the upside target by measuring the cup’s depth and adding that distance to the breakout level.

In HYPE’s case, the “cup” developed after its price fell from around $46 to nearly $21, then gradually recovered in a rounded structure back toward the $45–$47 resistance zone. That area now acts as the pattern’s neckline.

HYPE/USDT three-day price chart. Source: TradingView

As of Monday, HYPE was forming the structure’s “handle” part, confirmed by its slightly downward consolidation. The token may climb toward the $71–$72 range in 2026 if the breakout above the $45–$47 neckline area plays out as intended.

That would mean about 55% rise from current prices, a new record high for the token.

a16z-linked wallet accumulates $90.87M HYPE

HYPE’s bullish technical setup has gained support from a fresh on-chain accumulation signal.

On Monday, wallet 0xb5E4, which Lookonchain describes as linked to Andreessen Horowitz, or a16z, bought another 372,000 HYPE worth about $16.91 million in three hours.

Transaction records of the wallet ‘0xb5E4.’ Source: Arkham Intelligence

HYPE stood out in an otherwise weaker crypto market, gaining roughly 7% over 24 hours as Bitcoin (BTC) slipped 1.22% and Ether (ETH) lost 2.22%. On a year-to-date timeframe, HYPE was up 80% compared to BTC’s and ETH’s losses of nearly 12.5% and 28.3%.

HYPE/USDT year-to-date price performance vs. BTC/USD and ETH/USD. Source: TradingView

The latest “massive HYPE buy” lifted the a16z-linked wallet’s total accumulation since April 14 to 2.11 million HYPE, valued at roughly $90.87 million.

Source: X

Large venture-linked accumulation may strengthen market confidence, especially when it occurs while the price is already testing a major resistance zone.

The reported a16z-linked purchases add to a strong catalyst run for Hyperliquid.

Last week’s US spot HYPE ETF launches opened a regulated access point for traditional investors, while Coinbase and Circle’s USDC deployment roles strengthened Hyperliquid’s stablecoin infrastructure capabilities.

Trader Pentoshi said Hyperliquid’s revenue could “grow 5x–10x” if a compliant US framework, such as the CLARITY Act, allows hedge funds, prop desks, and asset managers to trade on the platform.

Source: X

Higher institutional activity may boost HYPE demand through stronger volume, revenues, and confidence in Hyperliquid’s growth.

TLDR

• Crypto funds recorded $1.07 billion in net outflows, ending a six-week streak of inflows.
• Bitcoin products led withdrawals with $982 million in outflows during the week.
• Ether funds posted $249 million in outflows, the largest since late January.
• XRP and Solana investment products attracted fresh inflows despite broader market weakness.
• US-based funds accounted for $1.14 billion of total outflows from crypto products.

Crypto investment products reversed course last week as investors reduced exposure to risk assets. CoinShares reported $1.07 billion in net outflows from digital asset exchange-traded products. The withdrawals ended a six-week inflow streak and marked the third-largest weekly exit this year.

Bitcoin and Ether lead Crypto funds retreat

Bitcoin investment products drove most of the weekly redemptions across global markets. Investors withdrew $982 million from Bitcoin funds, according to CoinShares. The pullback concentrated largely in United States-listed products.

Ether products also faced heavy selling during the same period. Funds tied to Ether recorded $249 million in outflows. That figure represented the largest weekly exit since the week ending January 30.

Most withdrawals originated in the United States, which posted $1.14 billion in net outflows. Meanwhile, Switzerland, Germany, and the Netherlands recorded modest inflows. The shift followed a broader decline in the S&P 500 from recent record levels.

Energy market disruptions near the Strait of Hormuz pushed oil prices higher last week. Rising energy costs contributed to a renewed increase in US inflation. Official data showed inflation reached its highest level in more than three years.

XRP and Solana attract inflows as regulation advances

While major tokens fell, select altcoins attracted fresh capital during the week. XRP investment products brought in $67.5 million in net inflows. Solana funds followed with $55.1 million in new allocations.

CoinShares head of research James Butterfill linked the flows to US policy developments. He said select altcoins benefited from improving regulatory sentiment. Butterfill cited progress on the CLARITY Act as a supportive factor.

The Senate Banking Committee advanced the CLARITY Act with bipartisan backing last week. Lawmakers designed the bill to establish clearer oversight for digital assets. Industry groups argue that the framework would reduce regulatory uncertainty in the United States.

Crypto Council for Innovation CEO Ji Hun Kim addressed the bill’s movement. He said, “The momentum and progress are both strong” as lawmakers review the legislation. However, several Senate Democrats requested stronger ethics provisions tied to officials’ crypto holdings.

Republican Senator Thom Tillis also commented on the draft legislation. He said, “more work remains in the weeks ahead to make this legislation even better.” Lawmakers continue discussions as the bill moves through Congress.