Home Blog Page 135

Shiba Inu Will be Free at These Prices: Top Analyst

0

Shiba Inu is currently stuck around support on higher timeframes, but the prospect of a breakout remains well in the picture.

Looking at the weekly chart, Shiba Inu (SHIB) has been consolidating for weeks, as the price tightens within a range. Volatility has declined, with the pattern suggesting momentum is building toward the next directional move.

Meanwhile, with conditions beginning to improve, the crypto market seems poised for an upward move. But at which price will SHIB finally break free?

Key Points

  • Looking at the weekly chart, Shiba Inu (SHIB) has been consolidating for weeks, with price tightening within a range.
  • The asset has held steadily above the $0.0000060 support as it slowly builds a base for an upward move.
  • However, SHIB has been stuck under a descending trendline on the 8-day timeframe since 2021.
  • With recent consolidation and brightening market conditions, a huge breakout could be imminent.
  • The first level at which Shiba Inu will finally be free is $0.00002, with chart data showing the possibility of a $0.0001 price.

Shiba Inu Shows Positive Signs

Analyst and prominent community voice SHIB KNIGHT has identified the levels Shiba Inu would need to reach to be considered free amid weeks of price consolidation. This comes as the meme coin has begun to show signs of life, reacting positively to the broader market trend.

For context, SHIB is up 4% since this week and 3.3% in the past 24 hours, as Bitcoin reclaimed $81,000. While its performance still trails that of large caps like Bitcoin and Ethereum, recent price action is positive, marking a deviation from the earlier downtrend.

Again, the asset has held steadily above the $0.0000060 support as it slowly builds a base for an upward move. These factors continue to influence sentiment about a sustained recovery push by Shiba Inu in the near future.

Descending Triangle Breakout Is Key

Meanwhile, a separate analysis from “Pepa” shows SHIB stuck under a descending trendline on the 8-day timeframe. This downward-facing resistance has capped the token’s price since its 2021 all-time high of $0.0000885, with prices forming lower highs under this trendline.

Shiba Inu Descending Trendline per Pepa
Shiba Inu Descending Trendline per Pepa

However, the dynamic resistance has now trended close to the current price levels. With recent consolidation and brightening market conditions, the analyst noted that Shiba Inu could be up for a huge breakout. This supports SHIB KNIGHT’s outlook of the meme coin finally breaking free from price barriers.

Notably, such breakouts are notable, as the asset has remained suppressed for several years. Typically, the longer the consolidation lasts, the stronger the breakout and the longer the subsequent move.

Levels Where Shiba Inu Will Finally Be Free

According to SHIB KNIGHT’s chart, the first level at which Shiba Inu will finally be free is $0.00002. The 212% rise from the current market price of $0.0000064 would not only see it reclaim psychological support levels but also revisit prices last seen since January 2025.

Shiba Inu Targets per SHIB KNIGHT
Shiba Inu Targets per SHIB KNIGHT

Further, the chart shows that a free SHIB can cancel two zeros to reach $0.0001, marking a 15,500% rise from the current price. Notably, this level has been a long-standing aspiration within the Shiba Inu community, but its possibility is up for debate for several reasons.

In the meantime, SHIB is receiving increased market attention, supporting bullish outlooks. Trading volume has surged by 20% in the past 24 hours, with open interest (OI) growing 7% in the same timeframe to confirm the rising market participation.

David Schwartz Defends His XRP Sale, Says It Doesn’t Make Him Morally Inferior

Former Ripple CTO David Schwartz has addressed criticism surrounding his past decisions to sell XRP, arguing that selling is not morally inferior to holding. 

The recent community discussion revolves around his earlier actions and his more recent skepticism about extreme XRP price predictions. Having doubted XRP’s potential to reach $0.25 in its early days, Schwartz now questions the prospect of a $100 or $10,000 price.

Key Points

  • Schwartz sold most of his XRP when it hit $0.10, having never believed it would reach $0.25.
  • He argues that if wealthy investors believed XRP had a 1% chance of hitting $10,000, buying pressure would have already pushed it to $20.
  • The Ripple CTO now defends his early sales, arguing that selling is not morally inferior to holding.
  • Schwartz sold 40,000 ETH at $1.05 each, earning $42,000 for tokens now worth $94.2 million.
  • Despite his XRP sales, Schwartz confirmed he still holds more than one million tokens.

Schwartz’s Skepticism and XRP Sales

For context, Schwartz previously revealed that he did not believe XRP could reach $0.25 during its early days. Acting on that belief, he sold most of his holdings when the token reached $0.10. 

Meanwhile, in recent remarks, Schwartz also expressed doubt about projections that XRP could climb to ambitious levels such as $100 or even $10,000. 

He argued that if a small group of wealthy investors truly believed there was even a 1% chance of XRP reaching $10,000, they would have already accumulated large amounts of the token. According to him, such buying pressure would have pushed the price to at least $20 by now. 

“Selling XRP Not Morally Inferior”

Following the latest comments, members of the XRP community pointed to Schwartz’s earlier skepticism about XRP reaching $0.25. They stressed that he had underestimated the asset before and suggested that his current doubts about higher valuations might follow the same pattern.

Amid criticisms of his sales, Schwartz defended his actions on X. He noted that everyone had the same opportunity to buy and sell XRP as he did. The Ripple CTO Emeritus also emphasized that he applied the same approach to other cryptocurrencies like Bitcoin and Ethereum, but rarely criticized those decisions.

Schwartz insisted that it is wrong to believe that selling assets is “morally inferior” to buying. According to him, investors should act in their own financial interest and should not feel an obligation to prioritize others’ gains over their own. 

He added that he has consistently supported the view that people should sell when it benefits them financially, and this was a principle that originally attracted him to the early Bitcoin community.

Past Crypto Sales from the former Ripple CTO

Besides XRP, Schwartz previously confirmed that he also sold Ethereum and Bitcoin at prices far below their current valuations. 

He revealed that he sold 40,000 ETH tokens at $1.05 each, generating $42,000 at the time. Today, those same tokens would be worth approximately $94.2 million. He added that his current Ethereum holdings now stand at less than 2 ETH.

Schwartz also shared details about his Bitcoin history. He once held more than 1,000 BTC but sold most of it at significantly lower prices. According to him, he sold a large portion of his Bitcoin holdings at $1,000 and nearly all remaining tokens at $7,500. At present, he holds less than 1 BTC.

These disclosures have led to the ongoing scrutiny, with some XRP community members using them as instances of what they think is poor investment judgment. They argue that his past decisions are similar to his current stance on XRP’s future potential.

When a separate community member argued that people who build projects have a responsibility to hold the tokens tied to those projects, Schwartz disagreed. He said he finds the reasoning illogical. He did clarify, however, that he still holds more than one million XRP.

Flare CEO Criticizes Cardano, Says It Failed to Replicate Flare’s DeFi Strategy

0

Flare Network CEO Hugo Philion has criticized Cardano, arguing that the network has underperformed in decentralized finance (DeFi) despite its early start.

A recent statement from Hugo Philion has captured the crypto community’s attention after he openly criticized Cardano. His remarks directly respond to bold claims made by Cardano founder Charles Hoskinson about bringing programmability to Bitcoin and institutional assets. 

Key Points 

  • Flare CEO Hugo Philion criticized Cardano for underperforming in DeFi despite its early launch. 
  • On-chain data from DeFiLlama shows Flare boasts a TVL of $159 million, surpassing Cardano’s $131 million. 
  • Philion dismisses Cardano’s chances of leading Bitcoin-based DeFi ambitions, stating that Flare will emerge victorious by building a unified DeFi layer. 
  • Flare advances this vision through its FXRP initiative, with about 154 million XRP locked and around 140 million deployed in DeFi protocols. 

Philion Compares Flare and Cardano DeFi Progress 

Taking to X, Philion contrasted the launch timelines of both Cardano and Flare. According to him, Cardano entered the market in 2017, while Flare launched in January 2023, six years later. Despite this six-year head start, he argued that Cardano had failed to convert its early advantage into DeFi leadership.

Moreover, Philion asserted that Cardano has attempted, unsuccessfully, to replicate Flare’s DeFi strategy. In his words, the network has been “trying and miserably failing” to copy Flare’s approach. 

He highlighted on-chain data from DeFiLlama to reinforce his argument, emphasizing performance gaps in the DeFi sector. Specifically, the data he shared shows that Flare currently holds about $159 million in total value locked (TVL), thereby surpassing Cardano’s roughly $131 million. 

Hoskinson Pushes Cardano Toward Bitcoin DeFi 

Philion’s remarks come in direct response to previous statements from Cardano founder Charles Hoskinson, in which he shared an ambitious vision for Cardano’s role in Bitcoin-based DeFi. 

In a widely circulated video, he proposed making potential U.S. Bitcoin reserves programmable through Cardano’s smart contract infrastructure. Furthermore, Hoskinson suggested that this initiative could extend to institutional holdings, including those tied to BlackRock and major corporations. 

Philion Rejects Cardano’s Bitcoin DeFi Ambitions

In response, Philion dismissed Cardano’s chances of becoming the leading platform for Bitcoin-based DeFi. Instead, he expressed confidence that Flare will take the lead by building a unified DeFi layer.

According to him, this framework will support a broad range of assets, including FXRP, FBTC, FXLM, real-world assets (RWAs), and stablecoins, within a single interoperable system. As a result, Flare aims to position itself as a central hub for cross-chain liquidity and yield generation.

Notably, the network has already made progress through its FXRP initiative. Currently, around 154 million XRP is locked on Flare, with users minting FXRP equivalents. Of that amount, approximately 140 million FXRP tokens are deployed in DeFi protocols, generating yield for participants. 

Cardano Expands Its Own DeFi Strategy

Nonetheless, Cardano continues to build its own approach to Bitcoin DeFi. The network is focusing on non-custodial collateral models, enabling users to access yield opportunities without surrendering control of their assets.

In addition, Cardano has strengthened its infrastructure with the launch of Cardinal, its first Bitcoin DeFi protocol. This solution enables users to bridge and stake BTC within Cardano’s UTXO-based architecture.

Looking ahead, Cardano also plans to expand DeFi support to XRP. Hoskinson recently confirmed that XRP integration remains on the roadmap, even as the asset gains traction in other ecosystems, including Solana. 

ChangeNOW Brings Its Voice to Consensus Miami 2026 Panel Lineup

0

Consensus Miami 2026 is once again living up to its reputation as the crypto industry’s premier gathering, and this year, ChangeNOW is making its presence felt well beyond the exhibition floor. 

On May 6th, the team joined two back-to-back panel discussions organized by NOWNodes at the Miami Beach Convention Center’s dedicated “Meet Ups” zone. NOWNodes is the blockchain node infrastructure, an arm of the NOW ecosystem.

The panels aim to provide sharp perspectives on infrastructure resilience, tokenization, and the real-world adoption challenges facing the industry today.

Representing ChangeNOW at both events was Pauline Shangett, the company’s Chief Strategy Officer, who took on moderating duties for the first session in her role as Strategic Advisor to NOWNodes.

Worth noting that the NOWNodes panels are only part of Pauline’s schedule at Consensus this year. On May 5th, she’s appearing at the Capital Markets Summit for a session on onchain privacy and identity (11:25 AM), and later that afternoon at “FQ Trust by Design: Building On-Chain Systems People Believe In” (1:20 PM). Further, on May 7th she plans to attend the panel: “The Next Commodity Revolution: RWA Meets Instant Liquidity” at 4:40 PM.

Three days, five panels, one consistent thread running through all of them: what does it actually take to build systems people trust with their money.

A bit of context on ChangeNOW

ChangeNOW began operations in 2017. It is a non-custodial cryptocurrency exchange, which means it never keeps your money. It allows exchanges between more than 110 blockchains and more than 1,500 digital assets, and most transactions don’t require users to set up an account. With more than eight million users, the platform has developed into a larger ecosystem that includes NOW Wallet, NOWPayments, NOWTracker, and NOWNodes, which offers blockchain API infrastructure to companies and developers that choose not to maintain their own nodes.

The questions being debated on stage aren’t academic for them. Every day, ChangeNOW’s systems have to reliably process swaps across dozens of chains, surface accurate data in real time, and do it without ever having custody of user assets. The infrastructure reliability question is something they live with, not just talk about. 

The first panel: “Trust Under Pressure”

The session, titled “Trust Under Pressure: Can Tokenized Systems Stay Consistent at Scale?”, starts at 10:35 and until 11:10, Pauline Shangett (the panel moderator) will be leading the conversation alongside with an epic lineup: Kwon Park (Global Head of Digital Assets, Crypto.com), Abi Dharshan (Head of Product from Zerion’s founding team), Vidor Gencel (Co-founder and Co-CEO of Solflare), and Philipp Zentner (CEO of LI.FI).

The framing was deliberately confrontational. Tokenization isn’t an experiment anymore. There are real users, real assets, real money at stake and when a system can’t agree on who owns what, that’s not a bug report, it’s a business crisis. The session aims to push panelists away from technical abstractions and toward the uncomfortable specifics: at what point does a data inconsistency become a board-level incident? What’s the actual cost (not theoretical, but quantified) of one major failure?

The second panel: “Can RWA Deliver?”

The second panel is planned right after the first session. “Selling Trust: Can RWA Deliver on the Promise of Mass Adoption?” will take place from 11:15 to 11:45. Samuel Hood Burke (Chief Content Officer at CCN) will moderate the discussion, which will feature panelists from Houdini Swap, TON Foundation, Paxos, and GlobalStake.

The setup doesn’t pretend RWAs are in a great place. The pitch for tokenized real-world assets (treasuries, real estate, yield-bearing instruments brought on-chain) sounds compelling. But mass adoption hasn’t happened, and the panel is there to figure out why. Is it awareness? Liquidity? Regulation? Or is the industry pitching something users don’t actually want?

Join the discussion to find the answers from the frontier of the crypto industry. 

Why this matters beyond the conference circuit

These panels were organized by NOWNodes, but the questions they raised belong to the whole industry. For ChangeNOW, the connection is direct, the company has spent nearly a decade building infrastructure designed to be fast, private, and consistent at scale, and the debates on stage are ones their engineers navigate in production every day.

The purpose of the NOW ecosystem’s attendance at Consensus Miami this year is not to introduce new products or make announcements. Instead, it’s about taking part in the discussions that will influence the industry’s future.

The sessions will begin at 10:35 AM on May 6th in the Miami Beach Convention Center’s Meet Ups area. These are the types of talks that usually run out of time before they run out of things to say, so it’s worth arriving early if you’re attending Consensus Miami this week.

Can’t come this time? Follow ChangeNOW and NOWNodes on social media. After the event, stay tuned for a comprehensive review.

Bitcoin Leads April Recovery with $6B+ as Ethereum Lags in Demand, XWIN Research Finds

Japan-based crypto research firm XWIN Research has outlined a divide between Bitcoin and Ethereum.

It argues that April’s market rebound was driven largely by Bitcoin, not a broad crypto recovery.

Key Points

  • Bitcoin led April’s crypto rebound, gaining 11.85% as Ethereum lagged with a 7.28% rise.
  • XWIN says Bitcoin’s rally was due to strong U.S. institutional demand and ETF inflows.
  • Ethereum showed weaker demand, with price gains mainly driven by reduced selling pressure.
  • The report suggests capital is becoming more selective, favoring assets with clearer demand signals.

Bitcoin Drives the Rebound

According to the report, Bitcoin climbed from $68,219 to $76,306 in April, marking an 11.85% gain and briefly testing $79,500. In contrast, Ethereum rose from $2,103 to $2,256, a smaller 7.28% increase, with a weaker peak near $2,466.

This gap, XWIN says, reflects bigger structural differences rather than simple price performance. Bitcoin’s recovery was backed by strong demand, particularly from U.S. institutional investors.

A key indicator, the Coinbase Premium, moved back into positive territory, confirming renewed buying interest, including flows linked to spot ETFs.

For instance, Michael Saylor’s Strategy acquired over 56,200 BTC in April, investing over $4 billion in the market. Moreover, Bitcoin ETFs, led by BlackRock, invested over $1.197 billion in BTC in the same month and have already bought $1.16 billion in May.

Strategy's Bitcoin Acquisitions in April | Saylortracker
Strategy’s Bitcoin Acquisitions in April | Saylortracker

Meanwhile, Bitcoin exchange netflows showed consistent outflows, suggesting investors were moving assets off exchanges and reducing sell pressure. Together, these trends point to a market where demand is rising while available supply is tightening.

Ethereum Shows Supply-Driven Movement

Ethereum, on the other hand, did not display the same level of institutional demand. Its Coinbase Premium remained relatively flat, indicating weaker capital inflows compared to Bitcoin.

Instead, ETH’s price movement appeared more tied to shifts in exchange supply. Periods of reduced selling pressure helped lift prices, but without strong underlying demand, the rally lacked the same conviction seen in Bitcoin.

XWIN described Ethereum’s structure as more reactive, driven by changes in supply rather than active accumulation. Notably, Ethereum ETFs only attracted $356 million in inflows in April compared to nearly $3 billion for Bitcoin ETFs.

Shift Toward Selective Capital Allocation

The report concludes that April’s rebound signals the start of a more selective phase in the crypto market. Rather than moving in unison, capital is increasingly flowing toward assets with clearer demand signals.

Bitcoin, in this case, is being actively accumulated, while Ethereum’s gains have largely come from a slowdown in selling activity.

XWIN notes that broader altcoin participation may depend on Ethereum showing sustained spot demand similar to Bitcoin. Until that happens, Bitcoin’s market dominance could continue.

In this view, April was not just a recovery period but the beginning of a structural shift in how capital moves across the crypto market.

At press time, Bitcoin is now trading above $81,500, one of its highest prices since January.

Financial Analyst Shares Timeline for XRP to Reach $8–$12

A new technical outlook projects an ambitious timeline for XRP to enter the double-digit price range.

Data analyst Celal Kucuker recently shared an outlook on when the asset could climb as high as $8 to $12, based on long-term chart structure and historical price behavior.

Key Point

  • XRP could reach $8–$12 in two years, based on a multi-year ascending channel and historical price trends.
  • The asset trades near $1.40, with steady gains and signs of a broader bullish structure forming over time.
  • Key targets include $6.70 resistance and a potential breakout toward $12 if momentum and macro conditions hold.
  • A tight Bollinger Bands squeeze signals low volatility, with analysts expecting a sharp move soon.

XRP Holds Steady as Broader Structure Builds

XRP is currently trading around $1.40, posting modest gains of 0.64% on the day, 1.26% over the past week, and about 8.2% over the last month. While short-term movement appears relatively calm, the bigger picture suggests a steadily forming bullish structure.

Kucuker’s analysis focuses on a multi-year ascending channel, where XRP has consistently printed higher lows while respecting a rising trendline. This structure highlights gradual accumulation ahead of a stronger breakout phase.

Technical Setup Points to Higher Targets

According to the chart, XRP is moving within a well-defined range, with resistance zones aligning near key Fibonacci extension levels. The projected path shows XRP continuing its upward trajectory, eventually testing:

  • Around $6.70 (intermediate resistance)
  • Followed by a move toward $12+ at the upper boundary of the channel

The analyst suggests that if momentum builds and macro conditions remain supportive, XRP could reach this range within the next two years, specifically by April 2027.

Image

What $8 and $12 Mean for XRP Investors

If XRP climbs from $1.40 to $8, it will represent a gain of approximately 471%. Meanwhile, a move to $12 would mark an even larger increase of about 757% from current levels.

These projections highlight the scale of the potential upside, though they remain dependent on continued market strength and sustained demand.

Momentum Signals Show Early Shift

Supporting the bullish case, the MACD indicator on the chart shows signs of a potential reversal after a prolonged bearish phase. At the same time, XRP remains above important support levels, indicating that buyers are still in control despite recent sideways movement.

That said, it still needs to break past nearby resistance to confirm a stronger upward move. Until then, the price may continue moving sideways with a slight upward bias.

Meanwhile, Kucuker’s projection adds to a growing number of long-term bullish forecasts for XRP.

Imminent Breakout as Volatility Hits Multi-Year Low

For instance, analyst Seth recently revealed that XRP has formed its tightest Bollinger Bands squeeze in years. This observation implies extremely low volatility and a likely sharp move ahead.

According to the analyst, key levels include resistance at $1.67, $2.00, $2.40, and $2.90, and support at $1.25 and $1.10. While the signal remains neutral, some analysts see accumulation and easing sell pressure as bullish signs.

Bitcoin Supercycle Targets $250,000: BTC Analyst

0

Bitcoin is entering what analysts describe as its first supercycle, with price action already following a structure that differs from past market cycles.

This narrative strengthened as Bitcoin (BTC) pushed past $81,000 in grand style, reclaiming levels last seen in late January. Renewed institutional activity via US Bitcoin spot ETFs and easing geopolitical tensions have played a major role in this rebound. 

Still, analysts believe the premier crypto asset could go way higher than its current price.

Key Points

  • Prominent analyst Plan C highlighted that Bitcoin is about to enter its first supercycle.
  • This cycle started in November 2022 and could extend to early 2028, with Bitcoin targeting $250,000.
  • The current cycle is showing signs of a mild retracement, aligning with earlier events in 2020 and 2021.
  • The outlook refers to the February 6 lows near $60,000 as the current cycle’s base.

Bitcoin Supercycle Narrative

Specifically, prominent analyst Plan C highlighted that Bitcoin is about to enter its first supercycle. In his X post, he noted that the target for this extended bullish phase is an unprecedented price of $250,000.

The analyst places the start of this cycle in November 2022, when Bitcoin formed a bear-market low near $16,000. Weak market conditions and the FTX implosion, spurred by founder Sam Bankman-Fried’s reported fraudulent activity, adversely impacted Bitcoin, pushing it to those lows.

As these pressures dwindled and a new market phase began, BTC recovered. From around sub $16,000, it rallied to a peak of $126,200 in October 2025. Plan C highlighted this current all-time high as the first major top within the current cycle. 

After that rally, the asset corrected to roughly $60,000 in February 2026, which Plan C identifies as a mid-cycle bottom. His outlook aligns with Grayscale’s, referring to the February 6 lows as the current cycle’s base.

The analyst expects the next bull peak to be between late 2027 and early 2028, targeting $250,000. This move would mark a 207% growth from the current price of $81,350.

Current Cycle Aligns with Earlier Mild Correction Phases

Meanwhile, an accompanying chart shows that Bitcoin has experienced mild-cycle corrections, as it is in the current market phase. An example is the COVID-19 pandemic in 2020, which affected global markets, including digital assets. BTC dropped 57% before recovering to higher prices.

Bitcoin Supercycle Chart/Plan C
Bitcoin Supercycle Chart/Plan C

A similar event occurred in May 2021, during China’s ban on all mining activities. BTC dropped 55% from around $65,000 to $28,700 but again recovered to its November 2021 all-time high of $69,000.

These rapid declines created strong bearish narratives at the time, yet Bitcoin continued to move higher after each event. As such, the commentary suggests that these corrections did not break the long-term structure but instead reinforced it.

The current cycle is showing signs of a mild retracement, with BTC correcting 50% from last year’s high to the February lows before the current rebound. If it mirrors other scenarios, then it could rally further from here.

Bitcoin Outlook Reflects Structural Shift

Moreover, this cycle is different. Plan C noted that this would be Bitcoin’s first supercycle, marking a deviation from the typical 4-year cycle. 

Rather than ending after each peak, BTC would build on previous gains while absorbing volatility along the way. According to him, this cycle started in November 2022. If it ends around 2028, as he projected, it will mark six bull years for BTC, with a mild mid-cycle retracement this year.

Several industry leaders had predicted this, citing the changing tides in the crypto sector amid institutional adoption. Binance’s Changpeng Zhao and Bernstein are among those who called this extended bull market run.

XRP Treasury Firm Evernorth Strengthens Board With Four New Directors, Includes Ripple CLO

0

World’s largest XRP treasury firm Evernorth is accelerating toward its planned U.S. public listing, announcing the appointment of four high-profile directors to its board. 

With this move, the company strengthens its leadership structure while reinforcing its ambition to operate at the intersection of traditional finance and blockchain infrastructure. The appointed board members bring expertise across crypto regulation, accounting, institutional investing, and digital asset operations. 

Key Points 

  • Evernorth has appointed four high-profile directors to its board, strengthening its leadership ahead of a public listing in the U.S.
  • New appointees include Stuart Alderoty and former Twitter executive Robert Kaiden.
  • They will serve alongside CEO Asheesh Birla, forming a more robust and balanced board structure.
  • Evernorth has filed an S-4 registration statement with the SEC as part of its ongoing listing process.

Biggest XRP Treasury Firm Appoints Four Directors as Board Members

According to the announcement, Evernorth will add four new directors upon completing its business combination with Armada Acquisition Corp. II. This step marks a key milestone as the company prepares for its anticipated listing on Nasdaq. 

The first director on the list is Stuart Alderoty, Ripple’s Chief Legal Officer (CLO). He brings extensive regulatory and legal expertise, having previously held senior roles at CIT and HSBC North America. As a result, Evernorth strengthens its ability to navigate complex compliance landscapes. 

Next, Robert Kaiden, Chief Financial Officer (CFO) of the OpenAI Foundation, will contribute his financial leadership experience. He previously served as Twitter’s Chief Accounting Officer and as an audit partner at Deloitte, positioning him to enhance Evernorth’s financial transparency and reporting standards.

In addition, Ted Janus brings more than three decades of institutional investing experience as a principal at J Capital. His background is expected to support disciplined treasury management and long-term capital allocation strategies.

Finally, Derar Islim adds operational depth, drawing on his experience as former COO and interim CEO of Genesis Global Trading. Consequently, Evernorth gains valuable insight into crypto market cycles and restructuring dynamics.

These directors will join CEO Asheesh Birla, completing a board that spans legal, financial, investment, and digital asset expertise. 

Additionally, Evernorth is expanding its executive team. The company has appointed Boris Kapeller as Chief Risk Officer and Charles Stewart as Chief Communications Officer. Through these hires, Evernorth underscores its commitment to robust risk oversight and clear strategic communication.

Regulatory Progress and Strategic Backing

Meanwhile, Evernorth continues to advance its regulatory process to become a publicly traded company in the United States. The firm recently filed an S-4 registration statement with the U.S. SEC and has already submitted an amended version as part of the review process.

Additionally, the company has raised over $1 billion from strategic investors, including Ripple and SBI Holdings. Backed by key figures such as Ripple Chairman Chris Larsen, Evernorth now holds more than 473 million XRP, according to its latest SEC filing.

Moreover, several Ripple executives, including CEO Brad Garlinghouse, CTO Emeritus David Schwartz, and CLO Stuart Alderoty, currently serve as strategic advisors. This alignment further highlights Evernorth’s deep integration within the XRP ecosystem as it moves toward becoming a publicly listed XRP treasury company. 

XRP Targets $8, $13, and $27 Once It Establishes This Foundation in 2026

0

While XRP remains under pressure in 2026, historical patterns suggest a strong base could trigger a major rally toward $8, $13, and $27.

Market analyst Chart Nerd revealed that XRP follows repeating cycles, where corrections lead to strong breakouts. He expects a possible bottom between $0.70 and $0.90 in 2026, which could set up massive upside based on Fibonacci extension levels.

Key Points

  • Chart Nerd says XRP has seen over 10 years of repeating cycles with strong rallies following corrections.
  • Past breakouts came after long consolidation phases, including moves from $0.10 to $2 and $0.40 to $3.60.
  • XRP may see short-term relief toward $1.80-$2.00 before another correction phase.
  • A likely bottom could form between $0.70 and $0.90 based on historical support trends.
  • Fibonacci projections suggest upside targets of $8, $13, and $27 if a solid base forms.

Past XRP Cycles Following Specific Patterns

According to Chart Nerd’s latest analysis, XRP’s price action over more than 10 years has followed a repeated cycle. He noted that these patterns can help investors understand what may happen next, especially in identifying where the price could settle before moving higher.

Chart Nerd focused on key zones that have often signaled strong upward moves instead of trying to time the exact bottom of this ongoing downtrend. He used Fibonacci extensions to compare the 2017 rally with the period between the 2018 peak and the 2020 low, using both to estimate future targets.

He noted that XRP has reached these Fibonacci levels before, which suggests it could do so again. His chart highlights green areas for strong upward moves and red areas for sharp declines or bear markets. These cycles show a pattern of “rise, correction, and then another rise.”

The analyst also called attention to pivotal long-term rising support lines. Over roughly 13 years, every time XRP has dropped back to these lines during weak periods, it has later moved up strongly.

A Repeating Pattern From 2013 to 2025

For context, XRP reached a peak of $0.0614 in 2013, then formed a rising support line with touches in 2014, 2015, and 2017. After this, it surged and met Fibonacci targets between $0.14 and $0.40, following a long period of trading between $0.003 and $0.04.

Chart Nerd explained that XRP spent years moving within a tight range before breaking out. This pattern of long consolidation leading to a strong rally has appeared in multiple cycles, with the rising support line holding firm until the 2017 breakout.

XRP Cyclical Pattern Chart Nerd
XRP Cyclical Pattern Chart Nerd

In the next cycle, XRP peaked at $3.31 in 2018 and later dropped to around $0.10 to $0.12 in 2020. From there, it formed another rising support line that is still in place today. 

A bounce in 2020 pushed the price from $0.10 to $2 in 2021. Another move from about $0.30 brought it close to $1, and a later rise from around $0.40 sent XRP to about $3.60 in July 2025, marking the latest all-time high.

Possible XRP Bottom for Ongoing Downtrend

Chart Nerd pointed out that each return to the rising support line has marked the start of a new upward move. During weak periods, XRP often forms patterns like falling wedges or channels, where the price tightens before breaking out.

According to him, the current situation is another correction, not a major breakdown. The analyst believes XRP is not heading to zero. Instead, the long-term trend still shows higher lows, which suggests a gradual move upward over time.

In the near term, he believes XRP could rise toward $1.80 to $2.00, but this may only be a short-term recovery before another drop. He expects the price to form a bottom later in 2026, possibly in Q2 or Q3, with the key support area between $0.70 and $0.90.

XRP Building Foundation for Higher Targets

Even if XRP falls into the $0.70 to $0.90 range, Chart says this is not a negative sign, but a normal part of the cycle and a possible opportunity. He pointed out that XRP has gone through similar or even deeper declines in the past, often followed by stronger recoveries.

If XRP settles around $0.80, Fibonacci projections suggest large gains could follow. A rise to $8 would mean about a 9x increase, while $13 would be close to a 16x gain based on the 1.414 level. The 1.618 level points to a possible move to $27, which would be about a 32x increase.

Even if XRP does not drop to lower levels and instead forms a base higher up, the analyst still expects gains of about 5x to 20x. While he remains confident in XRP and Ripple’s long-term direction, he also noted that the asset often goes through long periods of decline and sideways movement.

Meanwhile, Chart Nerd added that if XRP breaks above key levels such as $1.80, $2.00, and $2.40, this could change the outlook and possibly lead to a stronger move upward sooner than expected.

Cardano Will Start Pumping When Bitcoin Crosses This Key EMA

0

Cardano is consolidating around a key support level, but everything depends on how Bitcoin navigates through near-term price barriers.

This narrative is interesting as Cardano continues to trail Bitcoin in price performance. In the past 30 days, BTC has increased by 20%, compared to ADA’s 6% rise. However, an analysis suggests that Cardano would soon start moving on account of Bitcoin’s resurgence.

Specifically, “Drini” noted that the broader direction remains closely tied to Bitcoin, which is attempting to regain strength near $80,000. This correlation continues to shape expectations for Cardano and the wider altcoin market beyond the current trend.

Key Points

  • An analysis suggests that Cardano would soon start moving on account of Bitcoin’s resurgence.
  • The correlation between Cardano and Bitcoin remains a defining factor, as ADA has historically followed the crypto leader’s moves, but often with a delay.
  • Bitcoin breaking the 55-week exponential moving average in the $86,000 area is key to altcoins rallying.
  • ADA could climb as high as the 127% Fib. level at near $4, marking a 1,500% rise from the current market price

For Cardano, Everything Depends on Bitcoin

According to the commentary, the correlation between ADA and Bitcoin remains a defining factor. Historically, ADA has followed the crypto leader’s moves but often with a delay. This means that when Bitcoin begins to recover, ADA may take time to mirror that momentum.

For Bitcoin, the 55-week exponential moving average at the $86,000 area is key. It confirms that bulls are in control of the market, a dynamic that could pave the way for a broader altcoin recovery. In that scenario, ADA’s historical correlation with Bitcoin and its current position near long-term support could serve as a base for an upward move.

Drini noted that those who believe that Bitcoin has bottomed should load up some Cardano. Its historical beta play and current trend in a good opportunity zone for over three months make the coin one to watch.

However, if Bitcoin fails to break through $86,000 and turns lower again, ADA may continue to move sideways or retest lower levels.

Cardano Price Structure Holds

From a technical perspective, Cardano is holding near a long-tested support zone, with price hovering around the $0.25 range after several weeks of sideways movement. 

The chart shows ADA repeatedly finding stability near previous cycle lows, with multiple touches of this area met by buying pressure. This suggests that the market is recognizing the current range as a structural bottom, at least in the meantime.

Cardano Price Analysis
Cardano Price Analysis

However, ADA is trading below key moving averages, including the 50- and 100-week EMAs at $0.44 and $0.52. These have acted as support during past rallies and reclaiming them shifts momentum upwards.

Fibonacci Targets for Rebound

The chart also shows Fibonacci retracement levels, with the price currently sitting near the 0% level near $0.23. Should ADA regain momentum, the technical tool provides possible areas to watch.

The closest is the 23.6% Fibonacci level at $0.42, representing a 68% rise. Interestingly, the chart shows that ADA could climb as high as the 127% Fib. level near $4, marking a 1,500% rise from the current market price of $0.25.

However, everything hinges on Bitcoin moving above a critical threshold near its 55-week EMA. Until that level is cleared, altcoins like ADA are likely to remain constrained, with limited upside despite holding support.

The analyst also expects Cardano to build past the recent internal ecosystem conflict. Treasury spending and IOG’s budget funding request have been at the center of this fallout involving major stakeholders like Charles Hoskinson and Iagon CEO Navjit Dhaliwal.