XRP rally meets heavy resistance

May 11, 2026

 

Reading time: 5 minutes

Strategy slows Bitcoin buying as Capital B expands treasury

Key points:

  • Strategy resumed Bitcoin buying with a $43 million purchase, though its pace of accumulation has slowed sharply in recent weeks.

  • Capital B raised $17.8 million to expand its BTC treasury, showing that Strategy-style Bitcoin treasury strategies are gaining traction outside the U.S.

News - Michael Saylor’s Strategy jumped back into Bitcoin buying last week, acquiring 535 BTC worth roughly $43 million after briefly pausing purchases ahead of its latest earnings call.

The latest buy lifted Strategy’s holdings to 818,869 BTC at an average acquisition price of about $75,540 per coin. However, the purchase also marked the company’s smallest weekly Bitcoin buy of 2026 so far, a sharp slowdown from the 34,164 BTC it added during the week ending April 20.

Meanwhile, Paris-listed Capital B raised $17.8 million from investors including Adam Back and TOBAM as it pushed to expand its own Bitcoin treasury.

Investor attention has increasingly shifted toward Strategy’s evolving treasury strategy after Saylor acknowledged the company may periodically sell Bitcoin to fund dividends, manage taxes, or support balance sheet operations. The comments sparked debate among investors, especially given Saylor’s long-standing stance against selling BTC.

From Bitcoin accumulation to balance sheet strategy - Strategy previously used a similar approach in 2022, when it temporarily sold Bitcoin for tax-loss harvesting before rebuilding its position days later.

Despite concerns around potential future sales, Strategy shares still rose in premarket trading following the latest purchase announcement.

Capital B accelerates Europe’s treasury race - The Paris-listed company said the funding could help lift its holdings to 3,125 BTC, showing how Strategy’s corporate Bitcoin playbook is increasingly influencing treasury firms outside the United States.

Bitcoin holds $80K, but $82K still blocks breakout

Key points:

  • Bitcoin stayed above $80,000 despite sharp volatility triggered by U.S.-Iran tensions, CME futures gaps, and more than $400 million in crypto liquidations.

  • Analysts say a decisive move above $82,000 could reignite bullish momentum, with institutional inflows and onchain data still supporting a broader uptrend.

News - Bitcoin opened the week with another round of sharp price swings, briefly surging above $82,000 before slipping back toward the $80,000 range as traders repositioned around CME futures reopening and rising geopolitical tensions.

More than $400 million in crypto liquidations swept across the market during the turbulence, with both long and short positions getting flushed as liquidity clustered around nearby price levels. The volatility intensified after U.S. President Donald Trump reportedly dismissed Iran’s latest peace proposal as “totally unacceptable,” pushing oil prices and the U.S. dollar higher while weighing on broader risk assets.

Still, Bitcoin managed to defend the $80,000 zone, keeping traders focused on whether bulls can finally reclaim the key $82,000 resistance area tied to Bitcoin’s 200-day moving average and nearby CME futures gaps.

Bulls still eye higher targets - According to analysts, a sustained daily close above $82,000 could trigger Bitcoin’s next major leg higher, while other traders projected a possible move toward the $84,000-$85,000 range if momentum strengthens.

Institutional demand also remained firm. Crypto investment products recorded $858 million in inflows last week, including more than $700 million flowing into Bitcoin-focused funds alone.

Onchain data signals stronger buyer conviction - CryptoQuant analysts said spot buyers are becoming increasingly aggressive again, signaling a shift from passive accumulation toward direct market buying.

Meanwhile, a dormant Bitcoin whale wallet inactive since 2013 suddenly moved roughly $40 million in BTC on-chain, adding fresh attention to an already volatile market backdrop.

Ripple’s $200M expansion lands amid XRP rally tension

Key points:

  • Ripple secured a $200 million financing facility from Neuberger Berman to expand its Ripple Prime brokerage platform amid rising institutional crypto demand.

  • Meanwhile, XRP traders remain split as bullish breakout signals collide with rising leverage, weakening holder accumulation, and strong resistance near $1.50.

News - Ripple announced a new $200 million financing facility backed by Neuberger Specialty Finance to expand Ripple Prime, the company’s institutional brokerage platform built from its 2025 Hidden Road acquisition.

Ripple said Ripple Prime’s revenue has tripled year over year as institutional demand for digital asset financing and brokerage services continues growing. The funding is expected to increase margin capacity for clients trading across both traditional and crypto markets.

The expansion arrives as XRP itself faces a critical technical test after briefly breaking above $1.45 and retesting the $1.50 resistance zone.

XRP rally meets heavy resistance - XRP rallied on strong breakout volume, with analysts pointing to tightening Bollinger Bands, bullish triangle formations, and improving funding-rate setups as signs a larger move could be building.

Some traders are now eyeing a possible move toward the $1.80-$2 range if XRP can sustain momentum above key resistance levels.

However, bearish signals have also emerged beneath the rally. Analysts flagged a possible double top near $1.50, while XRP open interest climbed to roughly $940 million as leveraged long positions rapidly increased.

Holder conviction weakens - Onchain data also showed long-term XRP holder accumulation slowing sharply in recent weeks, raising concerns that derivatives-driven momentum may be outpacing spot demand.

Traders are now watching whether XRP can firmly reclaim the $1.50-$1.51 zone or risk another pullback toward lower support levels.

Stablecoin fight intensifies as CLARITY Act nears key Senate vote

Key points:

  • Banking groups are escalating pressure on lawmakers ahead of the CLARITY Act markup, warning that yield-bearing stablecoins could pull deposits away from traditional banks.

  • Despite the political clash, crypto investment products attracted nearly $860 million in inflows last week as optimism around U.S. crypto legislation continued building.

News - The battle over stablecoin regulation is intensifying in Washington as the Senate Banking Committee prepares to mark up the Digital Asset Market CLARITY Act on May 14.

The American Bankers Association (ABA) has launched a fresh lobbying push urging senators to tighten stablecoin provisions in the bill, arguing that interest-like rewards tied to stablecoins could encourage consumers to move funds out of traditional bank accounts.

Banking groups warn that large-scale migration into yield-bearing stablecoins could weaken funding used for mortgages, business loans, and other forms of credit. Crypto and fintech firms, however, continue arguing that stablecoins enable faster payments and more efficient digital transactions.

Senate vote approaches amid political pressure - The stablecoin yield debate has already delayed progress on crypto legislation in recent months. Lawmakers eventually reached a compromise that would ban passive yield on stablecoin balances while still allowing activity-based rewards programs.

Galaxy Digital said seven Democratic senators on the Banking Committee could prove critical to advancing the bill during Thursday’s markup vote, where bipartisan support remains essential.

Institutional optimism continues building - Even with political tensions rising, institutional appetite for crypto remained strong.

Digital asset investment products attracted nearly $858 million in inflows last week, including more than $706 million into Bitcoin-focused products alone, as investors increasingly positioned around expectations that clearer U.S. crypto regulation may finally move closer to reality.

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Did you know?

  • A pair of glowing red eyes became one of Bitcoin’s biggest internet movements: The “laser eyes” trend that swept crypto social media in 2021 was originally tied to a community campaign pushing for Bitcoin to hit $100,000. Even years later, the meme remains deeply embedded in crypto culture and still resurfaces during major Bitcoin rallies and bull market optimism.

  • A U.N. agency built a crypto fund before most governments had rules for one: UNICEF launched its Cryptocurrency Fund in 2019, allowing it to receive, hold, and disburse Bitcoin and Ether to support open-source tech projects for children and young people. The fund remains contextually relevant today as UNICEF’s innovation arm still describes crypto funding as a way to receive and deploy donations transparently.

  • A British man’s lost hard drive is now one of crypto’s most expensive cautionary tales: James Howells has spent years trying to recover a hard drive containing 7,500 BTC that was accidentally discarded in 2013. With Bitcoin’s price surge over the years, the lost stash has periodically crossed hundreds of millions of dollars in estimated value, turning the landfill saga into one of crypto’s most infamous stories.

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Top 3 coins of the day

XDC Network (XDC)

Key points:

  • XDC climbed to $0.0333 after strong breakout candles pushed the token toward its recent local high near $0.0335 on the 4-hour chart.

  • MACD momentum strengthened again with expanding green histogram bars, while rising volume supported the latest bullish continuation phase.

What you should know:

XDC maintained strong upward momentum after breaking out from its earlier consolidation zone near $0.030. The latest rally aligned with growing optimism around the network’s institutional expansion, especially after investment platform Republic joined XDC as a masternode validator earlier this month. Investor sentiment also improved following reports that XDC’s tokenized real-world asset ecosystem crossed $717M in value.

On the technical side, the Elliott Wave structure suggested an ongoing impulsive move, with Wave (3) extending sharply before a possible short-term pullback toward the $0.031-$0.0313 region. Meanwhile, the MACD remained bullish after recovering from a brief cooldown phase. If buying pressure holds, traders may continue watching the $0.0335-$0.034 zone as the next immediate resistance area.

Ethereum (ETH)

Key points:

  • ETH hovered near $2,338 after recovering sharply from last week’s lows, though sellers capped upside momentum near the $2,380-$2,420 resistance range.

  • The CMF climbed deeper into positive territory while rising volume signaled continued capital inflows during the latest rebound phase.

What you should know:

Ethereum regained strength after buyers defended the $2,280-$2,300 region and pushed the asset back above its middle Bollinger Band support. The recovery coincided with reports of whales accumulating more than 140,000 ETH in recent days, alongside renewed momentum in U.S. spot Ethereum ETFs, which reportedly attracted over $260M in inflows across a three-day stretch earlier this month.

Market sentiment also improved amid growing anticipation around Ethereum’s upcoming “Glamsterdam” upgrade and tightening exchange supply conditions caused by rising staking participation. On the chart, the upper Bollinger Band near $2,380-$2,420 remains the next major resistance zone, while the CMF continues to reflect sustained buying pressure.

Sui (SUI)

Key points:

  • SUI pulled back toward $1.27 after an explosive rally briefly sent the token near the $1.41 mark on the 4-hour chart.

  • The Stochastic RSI turned lower from overbought territory, while elevated trading volume signaled active profit-taking after the weekend surge.

What you should know:

SUI remained one of the market’s strongest-performing altcoins despite cooling from its recent peak. The rally accelerated after Nasdaq-listed SUI Group Holdings revealed it had staked its entire 108.7M SUI treasury, removing a sizable portion of liquid supply from circulation. Investor interest also strengthened following announcements that the network plans to introduce confidential transactions and zero-fee stablecoin transfers later this year.

On the chart, price action stayed above the rising 9 SMA even after the latest correction phase, suggesting the broader uptrend remained intact. However, the Stochastic RSI lost momentum after hovering in overbought territory for several sessions. Traders may continue monitoring the $1.23-$1.24 region as the nearest support zone.

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