Spot XRP ETFs posted net inflows of just over $22 million over the prior business week, extending a run of three consecutive positive weeks. XRP did not break above $1.42, fell to under $1.30 yesterday, and later recovered to around $1.35 after dropping about 15% from the May 17 move to $1.55.

A debate around Cardano's valuation resurfaced after a May 23, 2026 post highlighted what it described as weak on-chain activity versus ADA's roughly $9 billion market cap. The critique pointed to about $128 million in DeFi TVL, $1.3 million in 24-hour DEX volume, around $26 million in stablecoins, and roughly 17,000 active addresses. Separately, ADA remains far below its 2021 peak above $3 and is trading under $0.25 after failing to clear $1.3 during the 2025 rally.

Spot Bitcoin ETFs recorded their heaviest weekly net withdrawals since late January, with $1.26 billion leaving over the past five trading days. Monday accounted for nearly $650 million in outflows, and May’s month-to-date total has flipped to about -$1 billion. Bitcoin also slipped into negative territory for May, after printing a monthly low of $74,200 and trading below $75,500.

Ethereum (ETH) fell to just above $2,000 on May 23, 2026, marking its lowest level in almost two months and a 17% drop from its monthly high of $2,425. Analysts pointed to $2,050 giving way and warned that losing the $2,000 psychological level could lead to fresh lows, while CoinGlass data showed over $250 million in ETH long liquidations. Separately, Lookonchain reported an OG whale resumed buying, accumulating over $8 million worth of ETH around $2,050 after previously selling above $2,850.

Bitcoin slid to a monthly low slightly above $74,000 after extending its week-long drop. Analysts said BTC has fallen below the 100-day and 50-day moving averages, while one market watcher argued whales are placing buy orders to absorb selling. Another analyst said a rebound would likely require reclaiming the low $80,000 area around the daily 200MA/EMA.

XRP fell to $1.33, its lowest level since April 13, after failing to break $1.55 less than ten days earlier. Whale activity also dropped sharply, with large $1M+ transactions sliding from 157 to 67 over the last 9 days. Analysts additionally pointed to rising short positioning and said a move toward $1.30 remains possible if broader weakness persists.

Dogecoin fell to slightly above $0.10, its first return to that level since April 30, after failing to hold last week's move toward $0.12. Large holders have continued accumulating, including more than 525,000,000 DOGE over four days, while some analysts argue DOGE is echoing prior post-bottom setups that previously preceded strong rallies.

Bitcoin was above $82,000 in the prior business week before a sharp rejection pushed it down by more than $7,000 to a monthly low of $75,000 overnight. The pullback has been attributed to potential sell-side flows to exchanges, macro uncertainty tied to the incoming Fed chair, and renewed worries around U.S.–Iran military escalation.

Bitcoin fell below $76,000 after a sharp selloff, sliding from nearly $78,000 to $75,500 and marking its lowest level since April 30. Major altcoins also declined as ETH moved toward $2,050, XRP slipped under $1.35, and SOL dropped below $85. Total liquidations reached $485 million, including more than $430 million in long positions.