XRP ETF inflows double after Ripple’s tokenization breakthrough; SHIB diverges from DOGE; BTC targets $94,500

Too long; didn't read

• XRP surges: Weekly institutional spot XRP ETF inflows double to $34.2 million following a landmark 5-second cross-bank tokenization test by JPMorgan, Mastercard, and Ripple.
• Memecoin divergence: Shiba Inu fully decouples from memecoins. Dogecoin price drops 8%. Amid heightened expectations for multi-asset ETF integration, trading volume surges as the market enters a consolidation phase.
• Bitcoin target broken: BTC has broken through the seasonal "Sell in May" trend, solidifying its bullish weekly Bollinger Band position and setting a technical target price of $94,533.
• Cryptocurrency market outlook: The digital asset market is preparing for volatility ahead of the upcoming U.S. CPI data release on Tuesday and the Senate’s final review of the CLARITY Act.

According to statistics, the weekly net inflow into the U.S. spot XRP ETF more than doubled. SoSoValue As of the week ending May 8, its market value surged to $34.21 million. Institutional investors may have benefited from historic breakthroughs in the tokenization of real-world assets (RWA). XRP Ledger Blockchain

The direct catalyst for the inflow of funds is Ondo Finance’s launch of the first cross-platform redemption of tokenized U.S. Treasuries through its OUSG fund, with redemptions available 24/7 and settled within five seconds. The settlement infrastructure involves JPMorgan’s Kinexys, Mastercard, and Ripple’s infrastructure.

In this context, as Santiment reported, retail speculators drove the price of the ONDO token up by 17.9%, while XRP itself remained "flat" at $1.39.

However, by the end of the week, regulated funds began actively purchasing ETF shares, bringing total inflows to $1.32 billion. The net asset value of the XRP ETF rose to $1.12 billion, demonstrating that large sums of capital are bypassing exchange volatility and flowing directly into the XRP market, indirectly validating Ripple’s view that XRPL is the “north star” for interbank tokenization.

There is a clear divergence in trend strength across the memecoin market. Dogecoin, according to the DOGE/USDT daily chart as of May 10, 2026, has declined by 8% over the past five days, retreating to $0.10820. TradingView charts clearly show a strong bearish momentum, with price rapidly breaking below the long-term 200-day moving average (the red line at $0.12231) and also falling below local moving averages.

Meanwhile, Shiba Inu (SHIB) has shown a distinctly independent trend. Unlike Dogecoin (DOGE), SHIB’s price has been tightly compressed within a narrow range near $0.00000645.

Technical accumulation, not capitulation: Despite Dogecoin continuing to make new May lows, SHIB is currently within a high-volume range (VRVP) and is refusing to allow sellers to push the local bottom lower.

SHIB buyers have maintained the Relative Strength Index in a neutral to bullish range, while Dogecoin’s RSI (at 59.59 on the chart) continues to decline alongside its price.

Fundamental barriers: While speculative capital is withdrawing from inflation-driven Dogecoin following the April hype cycle, SHIB is supported by institutional backing—particularly expectations around integration into multi-asset spot ETFs, including products tied to T. Rowe Price and the Coinbase 50.

While Dogecoin (DOGE) faces the risk of dropping toward the next major support level at $0.09764, SHIB’s movement is the opposite. Through narrow consolidation, SHIB is building momentum. A breakout above the recent psychological resistance at $0.00000700 could trigger a strong rebound, ultimately solidifying its status as an asset independent of Dogecoin.

While the market still debates whether Wall Street’s old “Sell in May and go away” rule applies in 2026, Bitcoin’s technical indicators are showing… the weekly chart provided by TradingView a distinctly opposite signal. The leading cryptocurrency has now firmly held above the middle band of its Bollinger Bands on the weekly chart, reversing its prolonged period of low volatility and shifting the momentum in favor of buyers.

Holding the middle band indicates that bulls have taken control. This level currently serves as strong local support. Meanwhile, the upper Bollinger Band is also under pressure. Bitcoin is currently trading at $94,533.

In the absence of strong resistance, this technical target appears to be the most realistic expectation for May. Meanwhile, the lower boundary has moved to $57,868 per Bitcoin, forming a strong long-term support level.

The current technical focus stems from the involvement of the indicator's creator, the legendary trader himself, John Bollinger, who has identified a trend reversal. His Bitcoin automated trading model has entered the "profitable" zone, and the Tactica investment program has also established a long position.

Currently, the market is not showing seasonal weakness, but rather a controlled accumulation phase, preparing to test the upper boundary of the current trading range.

Amid accelerating legislative activity in Washington, Bitcoin price has been consolidating above $80,000, but expectations surrounding the latest U.S. inflation data are putting significant pressure on long-term investor positions, causing the market trading range to narrow mid-week.

Key checkpoints:

• Bitcoin price outlook: Currently trading at $80,735 (up 0.12% over the past 24 hours), BTC remains firmly within the short-term uptrend line. A successful breakout above the key psychological resistance at $82,800 could propel prices toward $91,000, while strong structural support near $77,300 remains intact.
• May 12 macroeconomic trigger: Investors are focused on the U.S. Consumer Price Index (CPI) data released on Tuesday. If inflation data shows signs of cooling, it could strengthen market expectations that the Federal Reserve may initiate a monetary easing cycle later this year. Driving Bitcoin prices toward $85,000 Conversely, an overly “hot” report could trigger a sharp downward squeeze aimed at liquidating overheated leveraged long positions.
• The legislative battle over the CLARITY Act: The global digital asset market is closely watching the U.S. Senate Banking Committee, which will conduct its final review this week of the structural cryptocurrency bill named the CLARITY Act. On one side are traditional banks opposing the yield model of decentralized stablecoins; on the other are potential driving forces: Decentralized Finance (DeFi) and institutional liquidity inflows for the remainder of 2026.