Bitcoin Breaks Key Trendline and Surges Toward $85K – Is $92K Next?

Okay, so things are looking a little better day-to-day, but if I zoom in on the shorter-term charts, I’m still seeing some red flags. Price recently broke down from a pattern it’s been following for weeks, which tells me sellers haven’t completely given up yet. I’m cautiously optimistic, but definitely not ready to go all-in.

XRP price breaks above $1.40 on volume surge as Bitcoin reclaims $80,000

On May 4th, XRP’s price surpassed $1.40, coinciding with Bitcoin rising above $80,000. According to a report by crypto.news, an analyst at Standard Chartered, Geoffrey Kendrick, believes that progress on the CLARITY Act in the Senate Banking Committee could bring $4 to $8 billion into XRP ETFs. The vote scheduled for the week of May 11th is seen as a key event that could push XRP’s price past the $1.45 level.