Bitcoin's price briefly dropped below $70,000 amid pressure from CPI data publication and miner selling pressure. Meanwhile, spot ETFs continued the capital inflow momentum from March, with net inflows reaching $1.56 billion. Goldman Sachs is currently the largest holder of XRP ETF with $154 million in holdings. Last quarter, institutional investors increased their positions in Solana ETF by over $540 million. In an important infrastructure initiative, StablecoinX SPAC received 97% shareholder vote approval for a Nasdaq listing under the ticker "USDE" and secured $360 million in private equity financing (PIPE).

Market analyst Paul Bennett points out that XRP's current price action is similar to the period before the 2017 surge, consolidating within a symmetrical triangle with a price range of $1.30 to $1.40. If XRP can break through the key resistance level of $1.78 to $2.30, it could potentially initiate a new round of upward momentum, with target prices rising from the current $1.39 to $22.24, replicating the previous 1500% historical gains. Despite market volatility, XRP continues to demonstrate resilience, which is attributed to XRP ETF spot trading volume reaching $1.4 billion since its launch.