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Bitcoin Analyst Says “Bottom Is In” Narrative Needs One Key Confirmation Level

Abdulkarim Abdulwahab
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Bitcoin Analyst Says “Bottom Is In” Narrative Needs One Key Confirmation Level

A verified analyst at CryptoQuant, known as IT Tech, is pushing back against growing claims that Bitcoin has already bottomed.

He argues that the data still shows major resistance zones ahead of any true confirmation. The analyst said many traders are already calling a market bottom for Bitcoin, but on-chain data suggests the market still faces heavy overhead supply from underwater holders waiting to exit at break-even.

At the time of the analysis, Bitcoin was trading around $80,870.

Key Points

  • Bitcoin analyst IT Tech says BTC must reclaim and hold $88,880 to confirm a market bottom.
  • On-chain data shows major resistance zones as underwater holders may sell at break-even levels.
  • Bitcoin has rebounded over 37% since February’s $60K low, fueling fresh bottom-cycle claims.
  • The Fear and Greed Index rose from 5 to 47, signaling improving sentiment across the crypto market.

The Bottom

Notably, supporters of the Bitcoin bottom narrative believe the $60,000 price level the asset reached in February marked the lowest point BTC could fall to during this cycle.

For context, that decline represented a massive 52.5% drawdown from Bitcoin’s all-time high of $126,200. Since then, no new lows have been recorded, and the premier cryptocurrency has rebounded by more than 37%.

Given this recovery, market watchers have increasingly argued that the February low marked the cycle bottom.

Three Major Resistance Zones Above Bitcoin

Meanwhile, according to IT Tech, three important holder cohorts are currently sitting above Bitcoin’s spot price:

  • 3-month to 6-month realized price: $88,880
  • 12-month to 18-month realized price: $93,450
  • 6-month to 12-month realized price: $111,850

These realized price levels represent the average cost basis of different groups of holders who bought Bitcoin during previous market periods.

The analyst explained that these levels now act as psychological and technical resistance zones because many trapped investors may choose to sell once the price returns to their entry point.

The heaviest concentration sits in the 6-month to 12-month cohort at $111,850, roughly 29% above Bitcoin’s current price.

Why $88.88K Is Critical

IT Tech argued that Bitcoin must decisively reclaim $88,880 before any bottom confirmation becomes credible.

According to the analyst, simply touching the level would not be enough. Bitcoin would need to break above it and hold the level successfully rather than wick through it and fall back below.

The reasoning is that reclaiming $88,880 would push the most recent underwater cohort back into profit, reducing immediate sell pressure from traders looking to exit at break-even.

Until that happens, the analyst warned that rallies into the $85,000 to $88,000 range could face strong selling pressure from buyers who entered the market late between November 2025 and February 2026.

“Bottom Calls Are Narratives”

The analyst ended the thread by cautioning traders against relying purely on sentiment-driven bottom calls. Instead, the analyst emphasized that market structure and holder data remain the more important signals.

As summarized in the post:

“Bottom calls are narratives. $88,880 reclaimed and held is data.”

Notably, the market Fear and Greed Index has moved into the neutral zone at 47, compared to 5 in February. This suggests improving sentiment and reflects a stabilizing market compared to the earlier fear of further losses.

Bitcoin Rebound Above $80,000 Pushes Binance SAFU Reserve to $1.2B

Sam Wisdom Raphael
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Bitcoin Rebound Above $80,000 Pushes Binance SAFU Reserve to $1.2B

The Bitcoin recovery above $80,000 has boosted the value of Binance’s SAFU reserve to approximately $1.2 billion. 

Verified CryptoQuant author JA Maartunn recently disclosed that the Binance SAFU wallet has gained around $228 million since the exchange converted the reserve into Bitcoin in February 2026.

Key Points

  • Binance completed the purchase of 15,000 BTC for the SAFU reserve on Feb. 12, 2026.
  • The exchange converted roughly $1 billion in SAFU stablecoin reserves into Bitcoin over about 30 days.
  • The SAFU reserve has gained about $228 million since the purchase occurred, as BTC reclaims $80,000.
  • Binance introduced SAFU in July 2018 to protect users during hacks and security breaches.

Binance SAFU Reserve Grows $228M as BTC Rebounds

According to Maartunn, Binance acquired 15,000 BTC worth roughly $1 billion in February 2026 to back the SAFU (Secure Asset Fund for Users) reserve. 

He noted that the exchange designed SAFU as an emergency insurance reserve that protects customers against losses resulting from unexpected incidents such as exchange hacks and security breaches. Binance announced this decision in July 2018.

Maartunn revealed that the exchange accumulated BTC for the reserve during market lows in February. Since Bitcoin has climbed nearly 30% from those levels, the SAFU position now carries an estimated unrealized profit of around $228 million. As a result, the reserve currently stands at $1.2 billion.

Binance SAFU Reserve CryptoQuant
Binance SAFU Reserve | CryptoQuant

He also pointed out that Binance previously committed to replenishing the fund back to $1 billion whenever market volatility pushed its value below $800 million. However, the recent Bitcoin recovery has made that scenario unlikely in the near term.

Binance Completed the 15,000 BTC Purchase in mid-February 

The completion date for Binance’s full 15,000 BTC acquisition occurred on Feb. 12, 2026. Earlier, around Jan. 30, 2026, Binance announced plans to convert approximately $1 billion in SAFU stablecoin reserves into Bitcoin over a period of about 30 days.

The exchange finalized the conversion on Feb. 12 with a last tranche purchase of 4,545 BTC. This final acquisition brought the total SAFU holdings to exactly 15,000 BTC. At the time of completion, the reserve carried an estimated value of $1.005 billion based on a Bitcoin price of around $67,000 per coin.

Binance carried out the purchases in staggered tranches to reduce market impact during execution. Reports placed the average entry price between roughly $67,000 and $70,000 per BTC.

Bitcoin Price Action Keeps SAFU Reserve in Profit

Despite Binance’s accumulation at the time, Bitcoin continued to face downward pressure after the mid-February announcement. The leading cryptocurrency dropped to around $62,000 in late February before rebounding to approximately $76,000 by mid-March.

The recovery in March gained momentum partly because of developments surrounding the U.S.-Iran conflict, which helped fuel renewed activity in the crypto market. However, Bitcoin failed to maintain the upward trajectory through the end of the month.

By March 29, Bitcoin had fallen again to $64,900, pushing the SAFU reserve to $973 million. BTC later resumed its recovery trend and reclaimed the $80,000 level on May 4. Two days later, Bitcoin surged above $82,000 before meeting resistance at that price point.

Bitcoin Recovery Since March 29
Bitcoin Recovery Since March 29

Although Bitcoin has since experienced a slight pullback, the cryptocurrency continues to trade above $80,000. This sustained strength keeps Binance’s SAFU reserve in a substantial unrealized profit position following the February accumulation campaign.

Why XRP Only Rose 2.5% While ONDO Surged 29% Amid the First Near Real-Time US Treasury Redemption

Elendu Benedict
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Why XRP Only Rose 2.5% While ONDO Surged 29% Amid the First Near Real-Time US Treasury Redemption

XRP saw limited price reaction following yesterday’s cross-border US treasuries settlement on the XRP Ledger, while ONDO rallied considerably.

A major institutional blockchain test took place on Wednesday. Specifically, Ondo Finance, Ripple, JPMorgan, and Mastercard completed what participants described as the first near-real-time cross-border redemption of tokenized U.S. Treasuries on the XRP Ledger.

The transaction settled in less than five seconds and immediately attracted attention across the digital asset market. However, the price reaction revealed a familiar pattern in crypto markets. While XRP barely moved, ONDO captured most of the momentum.

Key Points

  • Ondo Finance, Ripple, JPMorgan, and Mastercard completed the first near-real-time cross-border redemption of tokenized U.S. Treasuries on the XRP Ledger.
  • While XRP barely moved, ONDO captured most of the momentum.
  • The difference highlights how markets often separate infrastructure from the applications built on top of it.
  • This structure mirrors what happened within the Telegram and TON ecosystem.
  • The muted XRP response does not necessarily diminish the pilot program’s significance.

ONDO Got the Trade, While XRP Got the Headline

Santiment data highlighted this disparity in price action in an X post on Thursday. The platform reported that over the past week, ONDO climbed from roughly $0.27 to $0.348, representing a 29% increase. 

Much of that move came after the announcement, including a sharp 8% candle shortly afterward. Meanwhile, XRP moved from around $1.38 to $1.41 during the same period, translating to a gain of only about 2.5%.

XRP vs. ONDO Price Action/Santiment
XRP vs. ONDO Price Action/Santiment

The difference highlights how markets often separate infrastructure from the applications built on top of it.

In this case, the XRP Ledger acted as the settlement rail, providing the speed and low-cost execution required for the transaction. However, ONDO represented the actual tokenized Treasury product at the center of the activity.

As a result, traders focused more heavily on the protocol directly tied to issuance, redemption, and yield exposure rather than on the blockchain that handles the settlement layer beneath.

“The rails got the headline. The protocol got the trade,” Santiment concluded.

Similar Case Between Telegram and TON

This structure mirrors what happened within the Telegram and TON ecosystem. Telegram drove mainstream attention through its massive user base and crypto integrations. Yet, much of the market value flowed toward Toncoin and projects operating directly within that network. 

Most recently, Telegram founder Pavel Durov announced that Telegram has replaced the TON Foundation as TON’s largest validator. The coin has since doubled, growing 90% in the past seven days to $2.48.

This event draws the conclusion that the infrastructure created access, but the ecosystem assets captured stronger speculation and capital inflows. The same dynamic now appears within institutional tokenization.

XRPL Validates Institutional Utility Despite Limited XRP Reaction

Importantly, the muted XRP response does not necessarily diminish the pilot program’s significance. The event demonstrated that the XRP Ledger can support institutional-grade settlement for tokenized real-world assets in near real time.

That matters because tokenized Treasuries continue gaining traction across financial markets. Faster settlement, continuous market access, and lower operational friction remain key themes for institutions exploring blockchain infrastructure.

Still, markets often reward the protocols tied directly to revenue generation, asset issuance, or user demand rather than the underlying rails themselves. ONDO benefited because its ecosystem sits closer to the economic activity surrounding tokenized Treasury exposure.

Meanwhile, the XRP Ledger functioned more as the enabling layer behind the scenes. Although the blockchain received the headline visibility, the stronger market reaction flowed toward the asset associated with the product itself. Still, industry leaders claim that XRP is the cleanest way of investing in tokenization

Moreover, the move emphasizes the growing use case for tokenization in the crypto industry. Data shows that $31.12 billion in real-world assets have been tokenized on blockchains, highlighting the steady adoption of blockchain rails to bring tangible assets on-chain.

XRP Ledger Processes First Near Real-Time Cross-Border Redemption of Tokenized U.S. Treasuries

Abdulkarim Abdulwahab
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0
XRP Ledger Processes First Near Real-Time Cross-Border Redemption of Tokenized U.S. Treasuries

XRP Ledger has just processed one of its most significant institutional transactions yet, involving tokenized U.S. Treasuries.

On X, validator Vet disclosed that he examined activity tied to Ondo Finance on the XRP Ledger. During this review, he discovered two recent Ripple transactions that redeemed Ondo Short-Term U.S. Government Treasuries (OUSG) as part of a settlement flow involving Mastercard and JPMorgan.

According to Vet, the transactions settled “for fractions of a penny in a few seconds,” highlighting XRPL’s low-cost and high-speed settlement capabilities.

Ripple Redeemed OUSG on XRPL

In his post, Vet stated that Ondo operates as a native issuer of tokenized U.S. Treasuries on the XRP Ledger. After reviewing on-chain activity, he said the transactions reflect Ripple’s participation in a cross-border settlement process involving Mastercard and JPMorgan.

The validator added that this may be the “first near real-time, cross-border, and cross-bank redemption” of tokenized U.S. Treasuries on XRP. Now, the next step is scaling adoption.

The comments came shortly after Ondo Finance announced a successful pilot connecting traditional banking systems with the XRP Ledger.

Ondo, Ripple, Mastercard, and JPMorgan Complete Pilot Transaction

In its statement, Ondo Finance confirmed that it worked alongside JPMorgan Chase & Co., Mastercard, and Ripple to complete a landmark pilot transaction.

The transaction connected the XRP Ledger with interbank settlement infrastructure and enabled tokenized U.S. Treasuries to settle across borders and banking systems in near real time, even outside traditional banking hours.

Ondo outlined the process in three steps:

  • Ripple redeemed Ondo’s OUSG token on the XRP Ledger
  • Mastercard’s Multi-Token Network channeled payment instructions to Kinexys by JPMorgan
  • JPMorgan delivered U.S. dollars to Ripple’s Singapore bank account

The company described the event as the first time a public blockchain and global banking infrastructure settled a cross-border transaction involving a tokenized fund together in real time.

XRP Ledger Pushes Deeper into Tokenized Finance

The development adds to growing institutional interest in tokenized real-world assets, especially U.S. Treasuries. Ondo’s OUSG product is backed by short-term U.S. government securities and has become one of the leading tokenized treasury products in crypto.

The pilot also shows how blockchain networks such as the XRP Ledger are being tested as settlement systems by traditional financial institutions.

The collaboration between Ripple, Mastercard, JPMorgan, and Ondo is another sign that tokenized finance is moving beyond testing and toward 24/7 global settlement infrastructure.

However, adoption remains early-stage. Only about $15 billion in Treasuries are currently tokenized out of a $30 trillion market. Notably, XRP’s ledger accounts for only $403 million of this market, while Ethereum is far ahead with $8.1 billion.

Source: https://app.rwa.xyz/treasuries
Source: https://app.rwa.xyz/treasuries

Notably, regulation remains a key hurdle. Institutions are awaiting clearer U.S. crypto rules, such as the proposed Clarity Act, before large-scale adoption can take off.

Cardano Gearing Up for a Massive Move after Bullish Breakout

Elendu Benedict
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Cardano Gearing Up for a Massive Move after Bullish Breakout

Cardano has started to show signs of strength after spending weeks consolidating below a descending resistance trendline.

Analyst “iMoneyTeam” highlighted this after Cardano (ADA) broke above the crucial neckline resistance on the 12-hour chart, following a series of decisive bullish candlesticks. The market watcher noted that the breakout has shifted short-term momentum, especially as the market continues to print higher lows across the structure.

Key Points

  • Cardano has broken above the crucial neckline resistance on the 12-hour chart.
  • Recent price momentum suggests buyers have begun to regain control of the market.
  • ADA has defended the broader support region around $0.24.
  • The breakout above the descending trendline now places focus on several upside levels.
  • A daily close below $0.236 would invalidate the bullish structure.

Cardano Breaks Bearish Bias

At the moment, ADA trades near $0.261, up 8.4% in the past seven days. Recent price momentum suggests buyers have begun to regain control of the market. Technical analysis suggests so, too, as ADA has defended the broader support region around $0.24, according to the accompanying chart.

Cardano Breakout/iMoneyTeam
Cardano Breakout/iMoneyTeam

Cardano made a swing low of $0.220 on February 6, and this level remains intact. Additionally, it marked a bullish change in character when it retested and broke above the prior lower high in late February. That combination signaled that selling pressure was fading even before the recent breakout emerged.

Cardano Breakout Opens Path for Higher Prices

Meanwhile, the breakout above the descending resistance trendline now places focus on several upside levels identified in the analysis. The first major area sits near $0.291, followed by resistance around $0.312. If momentum continues to build, the structure also points toward a 27% growth to $0.333.

Meanwhile, the chart highlights two separate entry regions. The first entry zone is at $0.267, near the current market price. The second point in the rebuy zone sits lower, near $0.249. This setup reflects a cautious approach in case short-term volatility pushes ADA back toward support, or it pulls back to retest the breakout before bullish continuation.

However, the analysis identifies the invalidation level near $0.236. A daily close below that region would weaken the current structure and suggest that bullish momentum has failed.

Spot Flow Suggests Accumulation

An accumulation effort in the past 24 hours has added optimism. Coinglass data show that exchange spot outflows have surpassed inflows, suggesting that holders are moving their ADA off platforms where they can be easily sold. Outflows stand at $37.7 million and inflows at $36 million.

Cardano’s long/short ratio also highlights a bullish bias among futures traders. The Binance ADA/USDT ratio by accounts stands at 2.165, indicating that for every account holding a short position, 2.165 others hold a long position.

Cardano Long/Short Ratio per Coinglass
Cardano Long/Short Ratio per Coinglass

The top trader long/short ratio on the Binance ADA/USDT pair also reflects this optimistic outlook. The largest traders on the platform maintain a long-to-short ratio of 1.74, suggesting they expect the coin to rally further.

Market Veteran Says XRP Bottom Is In, Many People Not Paying Attention

Elendu Benedict
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Market Veteran Says XRP Bottom Is In, Many People Not Paying Attention

Veteran analyst MichaelXBT has said XRP could be on the verge of another major breakout move after months of consolidation.

The veteran market watcher posted on X that “all eyes” should be on XRP, while arguing that most traders are currently overlooking the asset. “Most aren’t paying attention here. That’s exactly what they want,” he said.

He later followed up with a chart, claiming that the “XRP bottom is in” and that a “major bullish rally” is imminent.

Key Points

  • XRP bottom is in, says Michael XBT, predicting a breakout as traders ignore accumulation.
  • The chart shows XRP dropping from $3.6 to $1, with resistance at $1.8–$2 and a $3 target.
  • He sees altcoins undervalued and expects a parabolic run as Bitcoin nears $83K and $100K.
  • Past calls include BTC $15K bottom and XRP rally; analysts now eye $8–$12 XRP by 2027.

“XRP Bottom Is in,” Major Rally Next

Michael’s XRP chart highlights the coin’s drop from its $3.6 peak to lows just above $1, followed by weeks of sideways movement around the $1.3 price range. The analyst believes the worst is over, considering the coin has fallen approximately 70% from its peak.

His chart projects an attempt to break stubborn resistance between $1.8 and $2. He believes successfully overcoming this region would open the door for XRP to retest the $3 level after seven months of trading below it.

Considering XRP is trading at $1.4, this outlook suggests a potential 2x upside for today’s holders.

Image

“Altcoins Are Ready to Explode”

Beyond XRP, Michael XBT also shared a bullish outlook for the altcoin market. He argues that many crypto assets are currently trading at “rock bottom,” making them set for a parabolic run.

Meanwhile, according to him, many investors are focusing on Bitcoin while ignoring what could become a major altcoin expansion phase.

He added that “everything just changed” and predicted that altcoins could soon enter a parabolic phase marked by massive “god candles.”

Notably, this promising outlook comes as the broader market becomes gradually more bullish again. The move is being led by Bitcoin, which approached $83,000 yesterday after four months of trading below that level.

Remarkably, Michael believes Bitcoin is set to target above $100,000 again. This move could trigger renewed fear of missing out across the market and push capital into altcoins such as XRP.

Michael XBT’s Previous XRP and Bitcoin Calls

The analyst has gained attention in crypto circles for several major market calls in recent years.

Michael XBT previously predicted Bitcoin’s bottom near $15,000 in January 2023 while forecasting a future move toward $100,000. That played out as Bitcoin later crossed the six-figure mark for the first time in December 2024.

He also became known for an early XRP prediction made before the token’s explosive rally. When XRP traded around $0.50, the analyst forecasted a breakout from its long-standing seven-year pattern.

XRP later surged to around $3.40 by January 2025, representing gains of nearly 600%. Following that rally, XRP entered a prolonged consolidation phase and dropped more than 50% before eventually recovering above the $3 level again in July 2025.

Michael XBT now believes that the consolidation period since that peak is ending, setting the stage for another upward move.

Analysts Eye Higher XRP Targets

Beyond Michael, several other market watchers in recent weeks have expressed bullish sentiment about XRP. They believe the coin could set a new peak in the coming weeks. One analyst even issued a bold timeline for XRP to hit $8 to $12 as early as April 2027.

Ripple, Mastercard, Ondo, and JPMorgan Complete Historic XRPL Settlement Transaction

Lele Jima
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Ripple, Mastercard, Ondo, and JPMorgan Complete Historic XRPL Settlement Transaction

A landmark pilot transaction has successfully connected the XRP Ledger with traditional interbank settlement infrastructure, marking a major milestone for tokenized finance. 

The initiative brought together major players from both the crypto and traditional financial sectors, including Ripple, Mastercard, Ondo Finance, and JPMorgan. 

Key Points 

  • Ripple, Mastercard, Ondo, and JPMorgan completed a landmark pilot transaction linking the XRPL with traditional interbank settlement infrastructure.
  • The XRP Ledger served as the blockchain layer that facilitated the redemption of tokenized assets during cross-border transactions.
  • Traditional banking rails were still used to complete the fiat settlement portion of the transaction.
  • Popular XRPL dUNL validator Vet argued that Mastercard and JPMorgan’s participation demonstrates that major financial institutions recognize the utility of XRPL.  

XRPL Connects with Traditional Interbank Structure for Settlement of Tokenized US Treasuries

In a recent announcement, Ondo Finance confirmed that it completed the pilot transaction in collaboration with Ripple, Mastercard, and JPMorgan’s Kinexys platform. Together, the firms executed the transaction through a coordinated three-step process that combined blockchain infrastructure with traditional banking rails.

First, Ondo Finance processed Ripple’s redemption of OUSG on the XRPL. Next, Mastercard’s Multi-Token Network routed the settlement instructions to Kinexys by JPMorgan. Finally, Kinexys facilitated the transfer of U.S. dollar funds to Ripple’s Singapore-based bank account through the conventional banking system.

According to Ondo, the transaction represents a breakthrough for tokenized U.S. Treasury settlements. The company noted that the pilot marked the first time tokenized Treasury assets were settled across borders in near real time and outside traditional banking hours.

A Step Toward 24/7 Global Financial Markets

Following the announcement, Ripple described the pilot as a meaningful step toward “24/7 global financial markets. The company argued that integrating the XRPL with global banking infrastructure demonstrates how institutions could eventually process cross-border transactions through a single unified workflow. 

The pilot highlighted how the XRP Ledger can serve as the blockchain layer for tokenized asset redemption, while traditional payment rails continue handling fiat settlement. Notably, the initiative supports Ripple’s long-standing view that blockchain technology can improve cross-border settlement efficiency without fully replacing banks. 

Institutions Continue to See Practical Value in XRPL Despite Growing Concerns 

Meanwhile, XRPL dUNL validator Vet emphasized the broader significance of the development. According to Vet, the involvement of Ondo, Mastercard and JPMorgan shows that major institutions see practical value in using the XRP Ledger for cross-border payments and banking infrastructure.

Moreover, he dismissed recent concerns about XRP that emerged after former Ripple CTO David Schwartz disclosed that he had sold most of his XRP holdings. Following Schwartz’s comments, some investors questioned whether Schwartz had lost confidence in XRP and whether the token remained a viable long-term investment.

However, Vet argued that the pilot transaction demonstrates why institutions are likely to remain engaged with the XRP ecosystem. In his view, large financial firms act rationally and will continue adopting technologies that solve real-world settlement and payment challenges, while weaker narratives and speculation eventually fade away. 

Time for Shiba Inu to Wake Up and Pump Hard—Analyst Says Massive Move Will Surprise Us

Elendu Benedict
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Time for Shiba Inu to Wake Up and Pump Hard—Analyst Says Massive Move Will Surprise Us

Shiba Inu could be gearing up for a massive price move that will surprise many after several years of boring price actions.

The analysis came from MMBTrader, who noted in a TradingView post that Shiba Inu (SHIB) is about to move. According to him, it is time for the meme coin to “wake up and pump hard.” But what is fueling this bold claim?

Key Points

  • Shiba Inu could be gearing up for a massive price move that will surprise many after several years of boring price actions.
  • Shiba Inu has been stuck within a broader descending channel since making a lower high of $0.00001765 in May 2025.
  • It entered a smaller wedge in October 2025 and continued to make lower highs and lower lows until a breakout on April 16.
  • Boring accumulation phases have often preceded strong price pumps.

First Shiba Inu Bullish Signs

The bullish outlook comes after years of underwhelming price underperformance. SHIB has been on a downward trajectory since its 2021 peak near $0.0000885, a trend that has plagued the broader meme coin and altcoin market.

Shiba Inu has lost over 90% of its value and is currently trading near $0.00000635. However, MMBTrader emphasized that this trend is nearing its end, citing the first technical signs of bearish exhaustion.

The accompanying chart shows that Shiba Inu has been stuck within a broader descending channel on the daily timeframe since making a lower high of $0.00001765 in May 2025. Meanwhile, within this structure is a smaller descending wedge that further contained the token’s price.

Shiba Inu Descending Channel Breakout/MMBTrader
Shiba Inu Descending Channel Breakout/MMBTrader

It entered this smaller wedge in October 2025 and continued to make lower highs and lower lows until a breakout on April 16. Shiba Inu still trades above this smaller wedge, and the analyst views it as the first technically bullish sign.

Boring Accumulation Precedes a Strong Pump

The analyst added that boring accumulation phases have often preceded strong price pumps. The current phase has been prolonged, with the meme coin missing the previous bull phase that pushed major cryptocurrencies like Bitcoin, Ethereum, and XRP to new all-time highs.

This trend has tired out most holders, and according to the commentator, that is what market makers want. They use periods of prolonged accumulation to buy SHIB at lower prices, making outsized gains when the market rebounds.

As such, he suggests patience, stressing that the next phase of price expansion will be massive. He expects Shiba Inu to break out of all the descending channels to greater heights.

Possible Shiba Inu Price Targets

The chart shows that Shiba Inu targets an over 70% rise following the smaller channel breakout, taking its price past the larger channel’s resistance trendline around $0.00000861. Meanwhile, a sustained trend above this zone will kickstart a heavy pump.

According to the chart, the major target is $0.00002049, representing a 220% increase from the current market price. Before this price mark are micro supply zones at $0.0000130, $0.0000150, and $0.0000202.

In the meantime, on-chain data still show cautious sentiment among market participants. Open interest has declined by 4% to $61.5 million in the past 24 hours, suggesting that derivative interest is reducing. Trading volume has also dropped 13%, backing this narrative.

Additionally, eXchange netflow has turned positive, with 112 billion more tokens flowing into trading platforms in the past 24 hours. This suggests distribution rather than accumulation.

Exchange Netflow/CryptoQuant
Exchange Netflow/CryptoQuant

XRP to Print a Big Bullish Candle Next, but the Real Rally Starts at This Level

Elendu Benedict
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0
XRP to Print a Big Bullish Candle Next, but the Real Rally Starts at This Level

Analysts expect XRP to begin printing heavy bullish candlesticks in the coming weeks, citing a recurring price fractal on higher timeframes.

Currently, XRP trades at $1.41, up 3.4% in the past seven days. Its price has continued to hold key support levels, and market analysts expect a breakout from the current consolidation phase to new heights.

Key Points

  • XRP is showing bullish signs, specifically on the 3-week chart.
  • The RSI line has crossed above the RSI-based MA line, signaling that strength is beginning to return to the market.
  • Chart data shows a recurring price fractal on higher timeframes, which usually ends up in a new all-time high for XRP.
  • Each fractal has four stages, highlighting different price behaviors.
  • The real rally will begin once XRP breaks above the all-time high resistance around $3.35.

XRP Price Expansion Next

One analyst fronting this XRP price expansion narrative is CW. In a recent price outlook, the market commentator highlighted that the altcoin is showing bullish signs, specifically on the 3-week chart.

After three consecutive bearish candles on this timeframe, XRP printed its first green candle in late March. So far, it is consolidating on that and looks poised for a second bullish close with the current candle.

Meanwhile, a bullish RSI crossover is supporting this momentum. The RSI line has crossed above the RSI-based MA line, signaling that strength is beginning to return to the market.

The analyst not only expects XRP to sustain the current run and print its second consecutive green candle on the 3-week chart, but he also expects an even bigger bullish move in the next candle. Backing his belief is the view that XRP has entered a phase that has historically spurred massive price expansion.

XRP Price Fractal Repeating

An accompanying chart shows a recurring price fractal on higher timeframes. In each fractal, the coin enters a symmetrical triangle after peaking in the previous cycle, consolidates within it in phases, and then breaks out to new all-time highs.

XRP Price Fractal/CW
XRP Price Fractal/CW

The first instance played out between 2013 and 2017, taking XRP from around $0.0059 to $0.439. Currently, the second fractal is in the final stages, following the exact same pattern as the first. 

Notably, each fractal has four stages, each highlighting different price behaviors. Phase 1 is the late stage of an uptrend, where XRP makes its final northward push before peaking. During this phase in the current fractal, XRP rose from $0.43 to its 2018 peak price of $3.35.

Phase 2 is a corrective post-peak period in which XRP pulls back to test the support of a broader symmetrical triangle. Meanwhile, Phase 3 is a consolidation phase. Volatility declines in this stage, with the coin building momentum for a subsequent breakout.

A symmetrical triangle breakout usually occurs in Phase 4, followed by a price expansion to new all-time highs. Prices are currently in this phase, with XRP breaking out in November 2024 and then pulling back to retest the breakout.

The Real Breakout Starts After the ATH Breakout

According to CW, the real rally will begin once XRP breaks above the all-time high resistance around $3.35. A similar scenario played out in the first fractal in 2017, with XRP printing large bullish candlesticks afterward.

From the current price, XRP would need to increase by 137% to reach this resistance. The chart shows that breaking above sets the stage for a measured move to $20, a staggering 1,318% surge from here. This aligns with an analysis from Hov, who sees the altcoin rallying to $15-$20, citing an Elliott Wave pattern.

Cardano Founder Says Crypto Exists to Change the World, Not Enrich Banks

Lele Jima
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0
Cardano Founder Says Crypto Exists to Change the World, Not Enrich Banks

Cardano founder Charles Hoskinson argued that the cryptocurrency industry’s ultimate mission is to transform society rather than enrich powerful financial institutions. 

Hoskinson shared this perspective during a keynote speech at Consensus 2026, where he emphasized self-sovereignty, decentralization, and the need for blockchain technology to empower individuals rather than strengthen traditional financial systems.

Key Points 

  • Cardano founder Charles Hoskinson argues that the cryptocurrency industry’s core mission should focus on changing the world, rather than enriching large financial institutions.
  • Hoskinson believes blockchain technology should empower individuals to become their own bank by giving them full control over their wallets, assets, and digital identities.
  • He stresses that it does not matter whether this transformation is driven through XRP Ledger, Solana, Bitcoin, or Cardano. 
  • Hoskinson highlighted JPMorgan Chase as an example of how traditional financial institutions have shifted from aggressively criticizing crypto to actively operating blockchain-based products and services.

Hoskinson Says Crypto Is Here to Change the World  

During his speech, Hoskinson presented a vision for the future of the cryptocurrency industry. He stressed that the sector should not focus on making large financial institutions wealthier, particularly those he believes contributed to the 2008 global financial crisis. 

Instead, he argued that the industry should prioritize empowering individuals through financial sovereignty, digital identity ownership, and decentralized infrastructure.

According to Hoskinson, crypto exists to change the world by enabling people to become their own bank, control their own wallets, and manage their own identities. 

I Don’t Care If Change Comes Through Cardano, XRP, or Bitcoin: Hoskinson 

Despite leading the Cardano ecosystem, he rejected blockchain maximalism. He emphasized that it does not matter whether this transformation comes through the XRP Ledger (XRPL), Solana, or the Bitcoin network. 

Furthermore, Hoskinson urged the industry to focus on the “connecting tissue” between blockchain ecosystems rather than fueling rivalries between networks. 

Notably, Hoskinson has consistently advocated for interoperability across the crypto sector. In late 2024, he attempted to build alliances with Ripple and Stellar. Additionally, Cardano’s partner chain, Midnight, distributed some of its tokens to users across seven different blockchains, including Bitcoin and XRP. 

Cardano Founder Reflects on Crypto’s Survival

Hoskinson also reflected on the cryptocurrency industry’s resilience despite years of regulatory scrutiny, skepticism, and repeated market downturns.

“It’s been a wild time. The industry is still here. We’re not dead, and we’re not in jail, and the president likes it,” Hoskinson remarked.

Moreover, he contrasted the industry’s difficult early years with today’s increasing institutional acceptance, specifically referencing JPMorgan Chase. According to Hoskinson, the bank once shut down accounts linked to crypto-related activities. 

However, JPMorgan has since changed its stance and now offers blockchain-related products and crypto exposure to wealthy clients. The bank also operates a private blockchain network and has its own stablecoin. 

Hoskinson argued that this shift demonstrates how far the crypto industry has progressed and serves as evidence that the sector is “doing something right.” 

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