Fundamental Background

The key event for XRP in May remains the fate of the CLARITY Act, which is expected to establish XRP’s status as a digital commodity at the federal level. According to CoinMarketCap, the Senate Banking Committee has scheduled consideration of the bill for 14 May 2026. According to estimates by 24/7 Wall St., if the vote does not take place before the start of the May recess on 21 May, consideration of the bill could be delayed. Against this backdrop, institutional interest remains steady: according to SoSoValue, net inflows into spot XRP ETFs totalled $34.21 million during the first ten days of May.

Technical Picture

Since July 2025, XRP has formed a descending channel from the peak near $3.6. The move culminated in accelerated selling pressure in early February 2026, with the price falling towards the $1.12 area, after which the asset entered a sideways consolidation phase. The horizontal volume profile formed during this period covers the range between the lower boundary at $1.30 and the upper boundary at $1.50. The point of control (POC) is located between $1.39 and $1.44.

The price is currently trading above the POC zone but below the upper boundary of the profile and is preparing to test the channel boundary. The POC area acts as the nearest support zone during pullbacks. The key support and resistance levels within the horizontal volume range are $1.29 and $1.60 respectively. The RSI + MAs indicator shows readings of 62, 51 and 51 — the main indicator line remains in positive territory and noticeably above the moving averages, indicating continued buyer interest, although the averages themselves remain neutral.

Key Takeaways

In the short term, the direction of XRP/USD will largely depend on regulatory developments in the coming weeks: consideration of the CLARITY Act in the coming days could become the catalyst for a breakout from the current range in either direction. The volume profile and the $1.29 level form the lower support zone, while $1.60 remains the nearest resistance above the current market profile range.

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The broader crypto market ticked lower on Tuesday with bitcoin BTC$80,984.66 falling 1% since midnight UTC to $80,800 and ether (ETH) losing 2% to $2,290.

U.S. equity futures also dropped after U.S. President Donald Trump said the ceasefire with Iran was “on massive life support,” leading to a spike in Brent crude oil to $107 per barrel and a 0.4% rise in the U.S Dollar Index (DXY).

Bitcoin, however, remains above Bitmine (BMNR) Chairman Tom Lee’s line in the sand at $76,000, which he said would confirm the end of a bull market if bitcoin can hold above that level at the end of the month.

The altcoin market is mixed with the majority of tokens underperforming the two largest cryptocurrencies, while a small corner of the market, including CRO$0.08090, curve (CRV) and toncoin (TON), bucked the bearish price action with upside moves between 5% and 10% in the past 24 hours.

Derivatives positioning

• Market-wide notional open interest (OI) in crypto futures rose to $125 billion even as volumes fell 6% to $174 million. The moves suggest reduced short-term speculation and gradual trader positioning.
• ZEC’s OI crashed over 10% to 1.90 million tokens from the 4.5-month high of 2.48 million tokens last week. At the same time, the token’s price dropped to $550 from $642. The combination suggests unwinding of bullish bets rather than fresh capital flows deployed for shorts or bearish plays.
• SUI, CORE, and HBAR were among the other major OI decliners. Open interest in Canton’s CC token, meanwhile, jumped more than 10%, with positive funding rates and a positive 24-hour OI-adjusted cumulative volume delta signaling stronger buyer dominance.
• ETH and XMR are other notable OI gainers, though their CVDs are negative, a sign that sellers are leading the price action with market orders rather than passive limit orders.
• The relentless decline in bitcoin’s 30-day implied volatility index, BVIV, has stalled this month, stabilizing near 40%. But there are no signs of a renewed upswing, which points to continued market calm, an environment favorable for further bullish price action.
• Wall Street’s volatility gauge, the VIX, which measures the 30-day implied volatility of the S&P 500 index, has jumped more than 10% this week to nearly 19 points. Though still below the recent highs above 30, the minor upswing warrants attention.
• On Deribit, the 24-hour volume ranking featured BTC calls at strikes of $80,000, $82,000, and $84,000. The calls are bets that the price of bitcoin will rally. It also included puts, or bets on a drop, at strikes of $65,000 and $74,000.

Token talk

• All CoinDesk benchmarks are in the red since midnight UTC, with the DeFi Select Index (DFX) leading the losses with a 2.7% move, followed by the CoinDesk Computing Select Index (CPUS) down by 2.3%.
• JUP, MON and SEI are among the day’s worst-performing altcoins, tumbling by between 5.6% and 6.3% due to a persistent lack of liquidity.
• CRO$0.08090 is one of the best-performing altcoins, adding 4.1% to notch a three-day winning streak.
• CRO’s rally can be attributed to a governance proposal that, if passed, would change the project’s tokenomics by replacing inflation-driven staking rewards with a system in which yields are fully funded by actual protocol revenue.
• CoinMarketCap’s “Altcoin Season” indicator is at 50/100, the highest level since late March as sentiment across the sector shows signs of improvement.

U.S. spot XRP exchange-traded funds have pulled in their largest daily inflow in roughly four months.

According to SoSoValue data, spot XRP ETFs listed in the U.S. recorded combined net inflows of $25.8 million on May 11, the strongest single day of inflows since Jan. 5. 

Franklin Templeton’s XRPZ accounted for the largest share with $13.6 million in new capital, while the Bitwise XRP ETF added $7.6 million and Grayscale’s GXRP attracted $4.6 million.

Institutional demand has been building across several crypto ETF products in recent weeks as money continues moving into regulated digital asset vehicles. 

Bitcoin ETFs have now recorded seven consecutive weeks of positive flows, bringing in more than $3.4 billion during that period, while Solana ETFs saw $26.6 million in daily inflows, their highest level since February. 

Ether ETFs moved in the opposite direction, posting roughly $16.9 million in net outflows on the same day, according to SoSoValue data.

At the same time, Ripple has continued expanding its institutional finance business through brokerage, custody, and tokenized asset initiatives tied to the XRP Ledger ecosystem.

Last week, Ripple said it completed a pilot cross-border payment transaction backed by tokenized U.S. Treasuries alongside JPMorgan Chase, Mastercard, and Ondo Finance. The transaction used infrastructure connected to XRPL and formed part of Ripple’s push into institutional settlement services.

Days earlier, Ripple’s prime brokerage arm secured up to $200 million in financing from asset manager Neuberger Berman to expand margin lending and multi-asset trading services for institutional clients. The credit facility would support trading activity across crypto, equities, fixed income, and foreign exchange markets through Ripple Prime.

At the time of publication, XRP was trading at $1.46, up 0.4% over the previous 24 hours.

One widely watched indicator for assessing whether the crypto market is in a bullish or bearish phase is the ether-to-bitcoin (ETH/BTC) ratio.

On Tuesday, the ratio fell to 0.02835, its lowest level in 10 months and the weakest reading since July 2025. The decline comes as ether dropped more than 2% on Tuesday, compared with bitcoin’s decline of just over 1%. The ETH/BTC ratio is now down more than 35% from its August high of 0.04324.

The ETH/BTC ratio measures ether’s relative performance against bitcoin across crypto exchanges and is considered a key gauge of market risk appetite. A rising ratio typically signals that investors are rotating capital into ether and other higher risk crypto assets, reflecting stronger risk sentiment. Conversely, a falling ratio suggests investors are favoring bitcoin’s relative stability and defensive characteristics.

The pair peaked above 0.08 in December 2021 before entering a prolonged multi year downtrend. Much of the weakness through 2024 and into 2025 was driven by bitcoin’s outperformance following the launch and success of U.S. spot bitcoin ETFs in January 2024, which attracted significant institutional inflows.

The ratio eventually bottomed at 0.01770 in April 2025 during the market turmoil surrounding President Trump’s “Liberation Day” tariff announcements. It then rebounded sharply, gaining roughly 135% later in 2025 before reversing course again. Despite that recovery, the ratio has since fallen another 35% from its recent highs.

Technically, the ETH/BTC ratio remains substantially below its 200 week moving average, currently at 0.04828, reinforcing the view that ether remains in a long term bear market relative to bitcoin.

TRON traded near $0.349 after a steady three-month rally, with live market data showing a small intraday decline. 

Crypto.news price data also placed TRON (TRX) near $0.351, with a 24-hour range of $0.349241 to $0.352492. The same data showed a market cap above $33 billion and 24-hour volume near $447 million.

Meanwhile, Santiment said TRON has gained about 26% over the past three months, while crowd discussion remains mixed. The analytics firm linked part of the rally to persistent doubt around the project and its founder, Justin Sun.

The firm said many traders still view TRON as “too risky” or “too controversial” compared with newer crypto themes such as AI and DeFi. It also argued that markets often move against crowd expectations when sentiment becomes too one-sided.

TRX chart shows strong momentum

TradingView chart shows TRX in a clear uptrend from early February lows near $0.27 toward the $0.35 area. Price action has formed higher lows and higher highs through March, April, and early May.

The RSI reading sits at near 76, above the 70 level often used to mark overbought conditions. That suggests strong buying pressure, but it also shows the rally may be stretched in the short term.

At the same time, the MACD line sits at 0.00777, above the signal line at 0.00664. That setup still supports bullish momentum, while the histogram remains positive at 0.00112.

However, the latest candles show TRX pausing near the recent high. If buyers keep price above the $0.34 to $0.345 area, the trend may stay supported. A move below that zone would point to a deeper cool-off after the recent climb.

USDT activity remains central to Tron

TRON’s role in stablecoin transfers remains one of its largest market drivers. Earlier crypto.news coverage said TRON had extended its USDT lead over Ethereum, with rising active addresses and record weekly transaction volumes linked to stablecoin use.

That same stablecoin activity has also drawn scrutiny. Crypto.news previously reported that Tether froze USDT across Ethereum and Tron addresses, while a Tether-backed crime unit later froze more than $300 million in illicit assets.

Moreover, TRON has also gained wider market visibility. As crypto.news reported, Moscow Exchange plans to add a TRX index from May 13, using pricing data from Binance, Bybit, OKX, and Bitget for professional investors.

Key Takeaways

• Shares of Advanced Micro Devices peaked at $469.22 during Monday’s trading session, finishing 0.79% higher at $458.79
• According to GF Securities projections, the server CPU sector may expand from $26 billion in 2025 to $135 billion by decade’s end, representing 38% compound annual growth
• AMD’s data center CPU division is projected to experience 73% expansion in 2026, while CEO Lisa Su has doubled the company’s long-term growth forecast to 35%
• Major Wall Street firms Goldman Sachs and Bernstein elevated their ratings to Buy after the chipmaker delivered results exceeding expectations across all metrics
• Prominent investor Stone Fox Capital projects shares could climb to $600, with company revenues potentially crossing $100 billion next year

Shares of Advanced Micro Devices finished Monday’s trading at $458.79, gaining 0.79%, after establishing a fresh 52-week peak of $469.22 earlier in the session. The upward momentum reflects Wall Street’s growing interest in CPU manufacturers and data center equipment providers amid the expanding AI infrastructure landscape.

Advanced Micro Devices, Inc., AMD

What’s fueling this rally? A powerful combination of impressive quarterly results and mounting evidence that the next wave of artificial intelligence investment will flow heavily through server processors — extending beyond GPU-only strategies.

The semiconductor giant exceeded Wall Street projections across earnings, revenue, and forward guidance in its most recent quarterly disclosure. Chief Executive Lisa Su highlighted AI agents as creating “tremendous demand” throughout the entire AI adoption spectrum.

Su dramatically revised the company’s long-term server CPU market projections upward — jumping from an 18% growth forecast issued in November to a 35% compound annual growth rate, with the addressable market potentially expanding to $120 billion by 2030. AMD is actively increasing wafer procurement and back-end production capabilities to address anticipated demand levels.

According to Su, the data-center business unit has evolved into the “primary driver” of the company’s revenue expansion and profit growth, with inference workloads and agentic AI applications accelerating demand for high-performance processors and accelerators.

Wall Street Analysts Raise Ratings

Both Goldman Sachs and Bernstein elevated Advanced Micro Devices to Buy recommendations following the quarterly report, emphasizing robust CPU demand linked to AI computing requirements.

JPMorgan characterized the results as demonstrating a “structural inflection” across both server processor and data-center accelerator segments.

Wedbush’s Matt Bryson increased his price objective to $450 with an Outperform designation, highlighting improved unit volumes and favorable pricing dynamics associated with compute infrastructure supporting agentic AI.

Citi’s Atif Malik elevated his target to $358 while maintaining a Neutral stance, expressing optimism regarding AMD’s CPU market opportunity.

The prevailing Wall Street consensus reflects a Strong Buy recommendation, comprising 27 Buy ratings alongside 8 Hold ratings. The mean 12-month price objective stands at $442.94.

The Optimistic Outlook

Analytical firm GF Securities identified AMD, Intel, and Qualcomm as well-positioned to capitalize on an emerging server CPU supercycle. The research house forecasts 73% revenue growth for AMD’s server CPU business in 2026.

Mizuho’s Jordan Klein suggested to CNBC that the semiconductor sector’s momentum might represent a “changing of the guard in AI,” with capital flowing toward AMD, Intel, Micron, and Corning.

Prominent investor Stone Fox Capital, ranked among the top 4% of equity analysts on TipRanks, describes the CPU market opportunity as “huge” and anticipates AMD’s server processor revenue expanding tenfold by 2030.

Stone Fox projects the company could achieve $100 billion in aggregate revenue next year — surpassing consensus analyst projections of $75 billion for 2027 — and potentially exceeding $175 billion by decade’s end.

This revenue trajectory, according to Stone Fox’s analysis, supports a valuation of $600 per share when applying a 20x price-to-earnings multiple.

Cautionary Voices Emerge

BTIG’s Jonathan Krinsky sounded a cautionary note, drawing parallels between the current semiconductor rally and the late-1990s technology bubble. He cautioned the sector might experience a correction ranging from 25% to 30% following aggressive valuation expansion.

Bank of America projects the data-center CPU market expanding from $27 billion in 2025 to $60 billion by 2030, a notably more restrained forecast compared to GF Securities’ $135 billion estimate.

Intel’s CEO Lip-Bu Tan reinforced AMD’s optimistic CPU outlook during his company’s recent quarterly call, validating the perspective that server processors represent a significant growth catalyst throughout the semiconductor industry.

US authorities have unsealed an indictment against three men accused of stealing at least $6.5 million in a “violent robbery spree targeting cryptocurrency owners.”

The Justice Department said in a statement Monday that a federal grand jury indicted three men for allegedly planning to kidnap and rob four people around San Francisco and Los Angeles for their crypto.

The trio, Elijah Armstrong, Nino Chindavanh and Jayden Rucker, are alleged to have posed as delivery drivers to force their way into residences and use threats of violence to extract crypto seed phrases.

So-called wrench attacks, where crypto owners are subject to physical threats, have increased globally since 2025. French authorities charged 88 people in April with committing attacks against local crypto owners.

US prosecutors claimed they identified at least four people the trio targeted from Nov. 22 until Dec. 31. One of the people was allegedly forced to transfer $6.5 million in crypto to a wallet controlled by the trio, according to an unsealed indictment filed in a San Francisco federal court.

One of the victims was allegedly forced to transfer $6.5 million in crypto to the attackers. Source: PACER 

“These individuals, as alleged, terrorized their victims in the hopes of stealing vast sums of cryptocurrency,” Craig Missakian, the US Attorney for the Northern District of California, said in a statement Monday. “The scheme was not only sophisticated, it was brazen, violent, and dangerous.”

Related: Law enforcement freezes $41M connected to $150M crypto Ponzi collapse 

Source: FBI San Francisco

The three men were arrested in December last year and face charges of conspiracy to commit robbery, conspiracy to commit kidnapping, attempted robbery, and attempted kidnapping.

Armstrong and Rucker are scheduled to appear in court on Tuesday. Chindavanh is scheduled to appear in court on June 26.

Blockchain intelligence company TRM Labs reported in May last year that wrench attacks have been on the rise because of the ease with which bad actors can gather personal data online, the perceived pseudonymity of crypto transactions and the public visibility of wealth in the crypto sector.

Magazine: Guide to the top and emerging global crypto hubs — Mid-2026