Ripple, Cardano, and Dogecoin: A Breakdown of Recent Market Movements – Bits Recap – May 23

This week’s crypto market witnessed notable developments across various projects. Ripple (XRP) saw a price plateau due to potential selling pressure from whales and the SEC’s delayed decision on XRP ETF applications. This led to relatively modest gains compared to other altcoins. Meanwhile, Cardano (ADA) displayed bullish momentum with nearly one billion tokens withdrawn from exchanges, potentially indicating reduced selling pressure. DOGE has been showing renewed upward movement, with analysts predicting a rally towards $0.31 supported by increasing whale activity and transaction volume.