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XRP Ichimoku Cloud Flattening After Recent Expansion

Sam Wisdom Raphael
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XRP Ichimoku Cloud Flattening After Recent Expansion

XRP Ichimoku Cloud is moving from expansion into a flatter shape, as the price loses momentum, leading to uncertainty over its next direction.

After a strong move between April 8 and 9, the cloud has weakened and now shows a more balanced structure. This change suggests that buying pressure has slowed and XRP is no longer trending strongly.

At this stage, the market is in a waiting phase. Notably, traders would continue watching for a clear move out of the cloud, which will likely set the next direction.

Key Points

  • After XRP’s recent surge, the Ichimoku Cloud has flattened, with the price now trading inside.
  • Momentum indicators show weakness as the Tenkan-sen flattens and the Kijun-sen acts as a magnet near $1.345.
  • The DMI confirms a lack of trend strength with ADX at 12.48 and near-equal +DI (18.40) and -DI (17.98).
  • Key levels include resistance at $1.355-$1.360 and $1.3696, while support holds at $1.335-$1.330 and $1.31.

XRP Ichimoku Cloud Shows Balanced Market After Upsurge

At press time, XRP changed hands at around $1.3426 after failing to hold above its recent high of $1.39 reached on April 7. The rejection in this area ended a strong upward move that began that same day and led to a pullback, with the price now trading in a lower range.

The Ichimoku Cloud confirms that the market lacks a clear direction. Specifically, XRP is trading inside the cloud, close to both the Tenkan-sen and Kijun-sen lines, which usually indicates indecision.

Earlier, between April 6 and April 8, the cloud started thin and then expanded, helping drive the breakout. Now, the cloud has flattened and shows mixed signals. For context, a flat cloud usually indicates a balance between buyers and sellers instead of an actual trend.

Other parts of the indicator also show weaker momentum. Notably, the Tenkan-sen has flattened, which means short-term momentum has slowed. The Kijun-sen is acting as a balance point around $1.345, with the price often returning to this level. The two lines are close together and do not show a strong bullish setup.

XRP Ichimoku Cloud
XRP Ichimoku Cloud

Further, the Chikou Span also does not confirm a strong trend, as it is moving through past price levels instead of staying clearly above them. This confirms the overall idea that the XRP market currently lacks a clear direction.

DMI Shows Weak Trend Strength

The Directional Movement Index (DMI) also indicates that the market remains weak. Specifically, the ADX sits around 12.48, which is well below the level that usually signals a strong trend. This confirms that XRP is currently moving sideways.

At the same time, the +DI is near 18.40, and the -DI is around 17.98, showing almost equal strength between buyers and sellers. This close range means neither side is in control.

During the April 8 to April 9 rally, the +DI was clearly higher, supporting the upward move. Now, the lines are coming together, which shows that momentum has faded and the market is settling into a range.

Key XRP Price Levels to Watch

Currently, XRP still holds a neutral structure with a slight positive bias as long as it stays above key support. Immediate support lies between $1.335 and $1.330, while a stronger base sits near $1.31. These levels are helping to prevent a larger drop.

On the upside, resistance stands between $1.355 and $1.360, which matches the top of the cloud. The $1.3696 level remains a key barrier after the recent rejection.

The market does not yet show a clear upward trend because the price remains inside the cloud, momentum indicators are weak, and the ADX is low. At the same time, it does not show a clear downward trend because support is holding, the future cloud is still slightly green, and the -DI has not clearly moved above the +DI.

What Next for XRP?

XRP is now in a low-momentum phase after its recent rally. Both the Ichimoku Cloud and DMI suggest that the current situation is a pause, not a full reversal. The market is waiting for a stronger move to set direction.

For a bullish move, the price would need to rise above $1.355, break out of the cloud, and show stronger signals such as a clear Tenkan-sen and Kijun-sen crossover, a rising ADX above 20, and a wider gap between +DI and -DI.

For a bearish move, price would likely need to fall below $1.33, move fully below the cloud, and show stronger selling pressure with the -DI moving clearly above the +DI and trend strength increasing.

Hoskinson Tells XRP Critic: You Don’t Have to Like Me to Use Cardano

Lele Jima
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Hoskinson Tells XRP Critic: You Don’t Have to Like Me to Use Cardano

Cardano founder Charles Hoskinson responded to new criticism from an XRP supporter, saying Cardano’s growth doesn’t depend on people liking him.

The debate emerged shortly after Hoskinson posted a satirical video mocking persistent online trolls. Although the clip aimed to ridicule critics, it quickly sparked a broader discussion about his public persona and its potential influence on Cardano’s adoption.

Key Points

  • Charles Hoskinson recently addressed fresh criticism from an XRP supporter over his influence on Cardano’s adoption. 
  • He emphasized that organizations do not need to like or agree with him personally to adopt the Cardano network. 
  • The latest exchange reflects a long-standing tension between Hoskinson and segments of the XRP community, which intensified during the Ripple lawsuit. 
  • Even though the previous feud was resolved, disagreements between Hoskinson and some XRP supporters continue to resurface. 

People Don’t Have to Like Me to Use Cardano: Hoskinson 

Reacting to the video, an XRP supporter argued that organizations might hesitate to partner with Cardano because of Hoskinson’s active social media presence, which often includes direct responses to trolls. 

The user suggested that Cardano’s challenges stem less from its technology and more from its founder’s reputation, even comparing him unfavorably with Ripple CEO Brad Garlinghouse.

However, Charles Hoskinson dismissed the claim. Instead, he emphasized Cardano’s decentralized structure and suggested that critics in the XRP community often misunderstand the concept of decentralization. Notably, he clarified that Cardano operates as a fully decentralized network, independent of any single individual.

Furthermore, Hoskinson emphasized that organizations do not need to like, agree with, or endorse him to adopt Cardano. In his view, companies ultimately evaluate the blockchain based on its technology, infrastructure, and ecosystem rather than the personality of its creator. 

Garlinghouse and Hoskinson’s Approach to Online Trolls 

Indeed, Hoskinson and Garlinghouse maintain noticeably different public personas. As one of the crypto industry’s most outspoken figures, Hoskinson regularly hosts weekly update streams and frequently engages with critics on social media, regardless of whether they are prominent figures or retail users.

By contrast, Garlinghouse tends to maintain a more restrained online presence. While he often comments on developments related to Ripple and XRP, he typically responds to criticism only from influential voices. 

For example, Garlinghouse recently exchanged remarks with Avalanche CEO Emin Gün Sirer during a public disagreement.

As a result, some XRP supporters view Garlinghouse’s communication style as more professional. Nonetheless, Hoskinson reiterated that Cardano’s decentralized nature means adoption does not hinge on personal opinions about him. 

XRP and Hoskinson Feud 

Meanwhile, the exchange also reflects a long-running tension between Hoskinson and segments of the XRP community. The conflict intensified during the legal battle between Ripple and the U.S. SEC.

At the time, Hoskinson’s comments about the lawsuit, particularly his use of the phrase “conspiracy theory,” sparked backlash from many XRP supporters. Some interpreted his remarks as labeling XRP holders themselves as conspiracy theorists. 

However, he later clarified that he used the term to describe claims that Ethereum officials had paid the SEC to target Ripple and XRP. The dispute persisted for more than a year before Hoskinson eventually apologized and attempted to ease tensions. 

He later included XRP holders among the beneficiaries of the Midnight airdrop initiative and proposed developing XRP-based decentralized finance opportunities to provide higher yields.

Despite these efforts, disagreements between Charles Hoskinson and some XRP supporters continue to resurface, leaving broader crypto observers questioning when the tensions will finally subside. 

Cardano Is a Ticking Time Bomb: Expert Trader

Elendu Benedict
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Cardano Is a Ticking Time Bomb: Expert Trader

Cardano is at a point where a directional move seems inevitable, and a recent analysis is projecting an upward breakout in a few days.

Cardano (ADA) has continued to show mixed price action in the past few days as its price enters a consolidation phase. However, the situation could change imminently, with a measured move to multi-month highs the next probable price action.

Key Points

  • An outlook referred to Cardano as a ticking bomb, ready to explode to higher prices.
  • Interestingly, this analysis predicts that this price expansion will occur this week, as ADA has no other possible price action than a breakout or breakdown.
  • ADA is at the lower boundary of a 4-year horizontal price channel on the weekly chart.
  • A descending trendline has also formed within this channel.
  • Currently, Cardano is close to the channel support at $0.23 and is also compressed at the point where it intersects the descending trendline, suggesting an imminent breakout.
  • The analysis favors a breakout from the descending trendline, targeting $1.20 before the end of the week.

Cardano at Critical Junction

Mintern, the self-acclaimed chief meme officer of Minswap DEX, shared a price outlook from an unidentified “expert trader” in a recent X post. The outlook described Cardano as a ticking bomb, poised to explode into higher prices.

Interestingly, this analysis predicts that this price expansion will occur this week, as ADA has no other possible direction than a breakout or breakdown. Meanwhile, an accompanying chart provides further context.

Cardano Channel/Mintern
Cardano Channel/Mintern

Per the chart, ADA is at the lower boundary of a horizontal price channel on the weekly chart. Notably, the coin has trended within this structure since January 2022, as the price continued to weaken after making a new all-time high of $3.10 in the previous year.

Cardano dropped from $1.63 to below $0.91 the week of January 17, 2022, but subsequent price action settled near the channel’s top at $1.18. Since then, the coin has shuffled between the upper resistance and lower support.

Make or Break for Cardano

The chart also shows a descending trendline formation within this channel. This dynamic resistance first capped an uptrend in August 2025, with ADA peaking at $1.019. What has followed is downward price action, with multiple lower highs forming near the trendline.

Currently, Cardano is not only close to the crucial support boundary of the channel at $0.23 but is also compressed at the point where it intersects the descending trendline. Such tightening suggests that the altcoin is nearing a breakout for a measured directional move.

Meanwhile, the analysis favors a breakout from the descending trendline to higher prices. It expects the coin to target the upper resistance band of the horizontal channel by the end of the week. This move would take ADA near the $1.20 price level, representing a 380% rally from the current market price of $0.25.

With just two days away from the end of the week, ADA has very limited time to pull off this move, bringing the prediction’s timeline into contention. While a rally to $1.20 remains a viable move for Cardano, according to several other analysts, the current market condition might not permit this explosive price action in such a short time.

Cardano Wrecks Bears Amid Accumulation

In the meantime, ADA is down slightly in the past 24 hours after an attempt to reclaim higher prices stalled at $0.26 on Thursday. Price fluctuations have triggered liquidation events during this period, wiping out $637,590 in ADA positions.

Of these, short positions led by a wide margin, with $502,310 liquidated, while $135,280 in late longs were also affected. However, in the past 4 hours, longs have led the liquidation events, reflecting the current downward price momentum.

Cardano Liquidation Coinglass
Cardano Liquidation/Coinglass

Despite the downtrend, ADA whales appear to be taking advantage of the dip. Over the past 24 hours, outflows from exchanges have outpaced inflows, suggesting that holders are accumulating rather than selling amid price weakness. Such events often provide the needed cushion during downtrends and the momentum for a rebound.

Shiba Inu at Classic Accumulation Zone: SHIB Price Stabilizes With Tight Candlesticks

Elendu Benedict
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Shiba Inu at Classic Accumulation Zone: SHIB Price Stabilizes With Tight Candlesticks

Shiba Inu is at a market level where smart money often finds it compelling to buy, with strong fundamentals backing a breakout soon.

Notably, the prominent meme coin’s price has recently consolidated within a range, with its next direction seemingly uncertain. While Shiba Inu remains bearish in the short term, technical and fundamental catalysts point to a potential price breakout.

Key Points

  • Shiba Inu is at a classic accumulation zone, with earlier rapid price fluctuations replaced by a series of short candlesticks.
  • Typically, accumulation zones are areas of interest for smart money.
  • The token has held key support areas, confirming that momentum is building for an impulsive directional move.
  • The RSI remained neutral at 50.28, the daily chart’s MACD has also flattened, and volume has thinned.
  • Breaching the $0.0000060 resistance with strong volume is a high-conviction setup for further upside.

Shiba Inu Holds Support

Analyst Whale Scan noted that Shiba Inu is at a classic accumulation zone. Price volatility has dropped, with earlier rapid price fluctuations replaced by a series of short candlesticks. The token has also consolidated within a price range and has held key support areas, confirming that momentum is building for a subsequent impulsive directional move.

The commentator spotlighted the $0.00000564-$0.00000550 support as crucial, noting that SHIB’s trend above it is positive. While the meme coin has struggled to clear the resistance above $0.0000060, it has remained above support, maintaining the possibility of attempting higher prices in the near term.

Typically, accumulation zones are areas of interest for smart money, offering outsized risk-reward when prices eventually break out. As a result, the analyst claimed that “dip buyers” are loading up SHIB at the current zone in anticipation of the next big move.

Interestingly, on-chain data backs this accumulation narrative, as exchange outflow has increased by a staggering 40.5% in the past 24 hours to 321 billion tokens. This means that after removing deposits from withdrawals across exchanges, a staggering 321 billion SHIB, worth $1.9 million, left these trading platforms to self-custody addresses for long-term holding.

Shiba Inu Exchange Data Cryptoquant
Shiba Inu Exchange Data/Cryptoquant

Indicator Overview

The analysis also provided an update on the current trend of key market technical indicators. For context, the relative strength index (RSI) remained neutral, trending between 47 and 52. At the time of writing, it specifically stands at 50.28, leaving room for both upward and downward price action before reaching extreme conditions.

The daily chart’s MACD has also flattened, indicating that the market is nearing a standstill. Although the analyst noted it was bearish, the histogram showed short green bars, indicating it was slightly bullish.

Shiba Inu Analysis/Whale Scan
Shiba Inu Analysis/Whale Scan

On the other hand, Shiba Inu’s trading volume has thinned, suggesting reduced market participation. This is actually typical of markets in consolidation, as users apply caution while closely monitoring for the start of the next move. Notably, CoinMarketCap shows a 21% increase in 24-hour trading volume to $130 million, but the figure remains well below prior levels.

Shiba Inu Ecosystem Boosts

Furthermore, burn rates have spiked 156% in the past 24 hours, supporting the accumulation zone. 4,101,455 tokens have been incinerated during this period, further driving scarcity for the meme coin.

According to the analyst, the combination of rising burn rate and Shibarium upgrades is driving bullish sentiment across the Shiba Inu ecosystem. These factors would contribute to the projected breakout to higher prices.

Key Levels to Watch

With the support still holding strong and buying pressure increasing, Whales Scan highlighted key resistance levels to watch if an accumulation zone breakout occurs. Per the analysis, breaching $0.0000060 with strong volume is a high-conviction setup for further upsides.

This move opens the way for price rallies to $0.00000650 and $0.00000720, representing 9.7% and 21.6% increases from the current market price of $0.00000592. However, a break below $0.00000550 invalidates this move and poses downward risk for SHIB.

Hoskinson Turns Bitcoin Troll’s Insult Into Satirical Tale About Building Cardano

Lele Jima
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Hoskinson Turns Bitcoin Troll’s Insult Into Satirical Tale About Building Cardano

Cardano founder Charles Hoskinson has responded to fresh online criticism after a Bitcoin supporter mocked him with an offensive nickname. 

Instead of engaging in a direct argument, the Cardano founder posted a humorous monologue that reframed the insult as a fictional folk tale about a character battling internet trolls while building Cardano as a successful blockchain protocol.

Key Points

  • Charles Hoskinson recently pushed back against online criticism from a Bitcoin supporter who used an offensive nickname to mock him.
  • He used a satirical video to respond to the remark. 
  • Hoskinson portrayed the character as one who builds Cardano into a successful blockchain network despite persistent criticism.
  • While some community members praised the creative approach, others argued that such a response from a high-profile founder may come across as unprofessional or immature. 

Cardano Founder Responds to a Critic Using Satire 

The exchange began after critics claimed that Hoskinson and his company, Input Output Global (IOG), had abandoned Cardano to focus on the privacy-focused project Midnight. 

In response, Hoskinson dismissed the claims and remarked that critics continue spreading misinformation because using a PC requires no IQ, implying that some commentators fail to apply critical thinking before posting online.

However, the criticism persisted. One Bitcoin supporter, DuncanBTC, escalated the exchange by using a vulgar nickname, Cuckle McFagtits, to portray Hoskinson as immature. Rather than retaliate directly, Hoskinson responded with satire.

He posted a short video clip delivered in an exaggerated storytelling tone. In the video, he transformed the insult into a fictional character featured in a comedic folk tale.

Throughout the story, the character, Cuckle McFagtits, appears as a determined builder who spends years battling trolls across social media platforms, including X, while developing Cardano as a groundbreaking protocol. Meanwhile, the trolls remain fixated on posting insults, while the protagonist ignores them and enjoys the success of his work.

Mixed Reactions Trail Hoskinson’s Reply

As expected, Hoskinson’s satirical response quickly triggered mixed reactions online. On one hand, some Cardano supporters interpreted the clip as a humorous way to dismiss persistent critics. On the other hand, some observers argued that such responses from a high-profile blockchain founder could appear immature. 

Notably, Hoskinson has become one of the most outspoken figures in crypto. His frequent commentary on issues such as regulation and industry tribalism has earned him both supporters and critics. 

Over time, he has attracted backlash from several communities, including supporters of Bitcoin, XRP, and Solana, particularly after commenting on controversies involving those ecosystems.

Despite the tensions, Hoskinson has also attempted to bridge divisions within the industry. For instance, the Midnight airdrop initiative benefited eight different blockchain communities, including some he previously clashed with.

Nonetheless, criticism from across those communities has persisted, with Hoskinson remaining unfazed. While he continues building the Cardano ecosystem to ensure it competes with other projects, he still occasionally finds time to respond to critics. 

XRP Transactions Explode Past 2-Year High of 5M

Sam Wisdom Raphael
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XRP Transactions Explode Past 2-Year High of 5M

The XRP Ledger recently handled a sharp rise in transaction activity but consistently maintained low fees and fast settlement times. 

XRPL Validator Vet reported that the network processed this large wave of transactions at costs of just a few cents, with consistent settlement speeds of three to four seconds. As a result, he called the XRPL “financial infrastructure that scales.”

Key Points

  • The XRP Ledger processed over 5.17 million transactions in one day, marking a two-year high.
  • The network maintained low fees and steady settlement times during the surge.
  • Throughput stayed above 140 TPS, with some blocks processing up to 987 transactions.
  • Most activity came from the XRP/RLUSD pair on the DEX.
  • Transaction activity peaked in the afternoon with hourly volumes exceeding 300,000 before slowing by the end of the day.

Surge in XRPL Network Activity 

Vet highlighted the latest milestone amid an impressive surge in XRPL on-chain activity throughout this year. He noted that the network maintained throughput above 140 transactions per second during this period. Meanwhile, some individual ledger blocks processed as many as 987 transactions.

Vet pointed out that the XRP decentralized exchange (DEX) was the main driver behind the spike, especially through the XRP/RLUSD trading pair. He explained that most of the activity came from this pair, with automated bots contributing to the increase in transaction volume.

Bot Activity on the XRPL 

According to him, market-making bots constantly filled the order book with buy and sell offers. They repeatedly created and canceled orders using the same OfferSequence, and adjusted prices in real time. This added heavily to the total number of transactions recorded on the network.

He also called attention to another tactic involving spoofing, which he called ghost walls. In this case, bots placed orders that appeared to provide liquidity but were not actually backed by real funds. 

This could mislead traders into thinking there was more liquidity than there really was, allowing others to buy assets at better prices if traders did not account for slippage. He added that some arbitrage bots ended up trading into these empty liquidity areas.

Transaction Failures by Design

Notably, Vet stressed that a large number of failed transactions was not a flaw, but part of how the system works. 

According to him, ghost wall activity is meant to cause these failures. In many cases, cross-currency payments fail because they rely on paths with no real liquidity, since the orders are only spoofed entries. He estimated that about 90% of transaction failures come from this setup. 

These failures show how the XRP Ledger handles situations where liquidity is not available. Specifically, the system is designed to reject such transactions, especially when offers are not properly funded, which helps maintain its structure and reliability.

XRP Sees 2-Year Peak in Daily Transaction Count 

Data from XRPScan confirms Vet’s claims, showing that the network processed up to 5.17 million transactions in a single day. 

XRP Daily Transactions Executed XRPScan
XRP Daily Transactions Executed | XRPScan

This number pushed beyond the previous yearly high and marked the highest daily total in over two years. Of the more than 5 million transactions recorded, about 4.57 million were successful.

The data also showed that the average number of transactions per ledger rose to 253 during this time, another two-year high. Normally, this figure stays between 60 and 100 transactions per ledger, confirming the large scale of the latest increase.

XRP Intraday Transaction Trends

After his initial comments, Vet shared details about how activity changed during the day. He explained that transaction levels started low but rose in the afternoon. Despite the surge, the network handled everything smoothly.

In the early hours, transactions stayed mostly below 100,000 per hour, with some spikes reaching between 100,000 and 200,000. This pattern continued until later in the day, when activity picked up. 

XRP Hourly Transaction Trends
XRP Hourly Transaction Trends | Vet

During the peak period, hourly transactions ranged from 100,000 to 200,000 and often increased to between 200,000 and 300,000, with some periods going above 300,000.

As the day moved into the evening, activity began to slow down. XRP Ledger transaction levels dropped back to between 100,000 and 200,000 per hour, and eventually returned to below 100,000 by the end of the day.

Market Updates: Saylor Sees Bitcoin Bottom Near $60K, $285M Drift Protocol Hack Under Probe, U.S. Treasury Pushes Clarity Act

Zabi
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Market Updates: Saylor Sees Bitcoin Bottom Near $60K, $285M Drift Protocol Hack Under Probe, U.S. Treasury Pushes Clarity Act

Latest Market Updates: As of 9th April 2026.

Bitcoin Likely Found Bottom Near $60K, Says Michael Saylor

Bitcoin could have already established a local bottom near $60,000, according to Michael Saylor.

Speaking at a Mizuho investor event, he emphasized that market bottoms typically form when forced sellers are exhausted rather than when confidence returns.

In particular, Saylor attributed the recent downturn to liquidations among over-leveraged miners and weaker market participants, which intensified selling pressure.

Looking ahead, Saylor also downplayed concerns around quantum computing. He described the risk as distant and manageable, noting that Bitcoin’s open-source structure would allow timely upgrades if threats begin to materialize.

$285M Drift Protocol Hack Triggers Legal Probe

In a separate development, the U.S. law firm Gibbs Mura has opened a class action inquiry following the April 1 breach of Drift Protocol.

The exploit is estimated to have caused losses of approximately $280–$285 million. Investigators are now also examining potential claims involving Circle Internet Financial, after more than $230 million in USDC was reportedly routed through its cross-chain infrastructure without being frozen.

Blockchain analytics firm Elliptic has further linked the attack to a suspected North Korean threat actor group.

Following the incident, Drift’s total value locked (TVL) fell sharply from about $550 million to below $250 million, while its native token declined by more than 40%. In addition, over 20 DeFi protocols have reported indirect exposure to the broader fallout.

JPYC Stablecoin Gains Traction, Polygon Dominates Volume

Meanwhile, Japan’s yen-backed stablecoin JPYC is gaining traction, signaling growing demand for localized digital currencies.

The token, issued by JPYC Inc. in October 2025, has generated $137 million in trading volume over the past six months. During this period, Polygon dominates usage, accounting for 66% of activity ($90.4 million), while Avalanche and Ethereum follow.

Polygon co-founder Sandeep Nailwal highlighted the milestone in a recent X post.

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U.S. Treasury Pushes for Clear Crypto Rules

On the policy front, U.S. Treasury Secretary Scott Bessent is pressing Congress to advance a comprehensive crypto framework, referred to as the Clarity Act.

In an op-ed for The Wall Street Journal, he warned that regulatory uncertainty is driving crypto firms offshore.

Specifically, he pointed to jurisdictions like Abu Dhabi and Singapore as more attractive alternatives due to clearer frameworks, cautioning that the U.S. risks losing both innovation and capital without decisive policy action.

Exodus Movement Expands Crypto Holdings in Q1

Elsewhere, Exodus Movement, a U.S.-listed self-custody cryptocurrency company, reported steady growth in its crypto holdings for Q1 2026. 

By the end of March, the company held 628 BTC, reflecting a net addition of 18 BTC.

At the same time, its Ethereum holdings increased to 1,857 ETH, while Solana holdings reached 17,541 SOL. During the period, the firm added 17 ETH and 1,847 SOL, thereby signaling steady accumulation across major assets.

Bloomberg’s Mike McGlone Says Bitcoin ETF Boom Has Hit Peak, Cites $10K Price Risk

Abdulkarim Abdulwahab
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Bloomberg’s Mike McGlone Says Bitcoin ETF Boom Has Hit Peak, Cites $10K Price Risk

Mike McGlone of Bloomberg Intelligence argues that the Bitcoin explosive run past $100,000 following the launch of U.S. spot ETFs may already be over.

In a series of posts, he suggested that Bitcoin could be signaling a reversal across risk assets, warning of a potential drop back toward $10,000. Notably, Bitcoin is trading at $72,000 today and would need an over 86% drop to reach McGlone’s dip target.

Key Points

  • Bloomberg’s Mike McGlone warns Bitcoin’s ETF-driven surge past $100K may have marked a late-cycle peak.
  • He says Bitcoin signals a reversal in risk assets, with downside risk toward $10,000.
  • McGlone links the rally to ETF inflows, politics, and “peak beta” conditions that often precede sharp drops.
  • He notes Bitcoin ETFs lag gold and risk-adjusted returns, hinting capital may shift to safer assets.

Bitcoin Peak Coincides With Historic Market Stretch

McGlone says Bitcoin’s price may have peaked in 2025, when it traded at $126,200, around the same time the U.S. stock market’s capitalization relative to GDP reached its highest level since 1928. This metric is often used to gauge whether equities are overvalued.

According to his analysis, the launch of spot Bitcoin ETFs in 2024 helped drive massive inflows and pushed prices into six-figure territory. However, that same surge may have marked the late stage of a market cycle.

ETFs, Politics, and “Peak Beta” Conditions

The analyst also links the 2025 rally to a mix of structural and sentiment-driven factors. These include ETF adoption and the growing political embrace of crypto by figures like Donald Trump.

He describes this phase as a “pump then dump,” meaning prices rise quickly and then fall. He believes Bitcoin may be in a “peak beta” stage, where risky assets briefly outperform before dropping sharply.

Notably, McGlone also points out that Bitcoin ETFs have underperformed the S&P 500 on a risk-adjusted basis, mainly because Bitcoin is significantly more volatile, about four times more so, which makes it less attractive to institutional investors.

Bitcoin ETFs Lag Behind Gold

Another key takeaway from McGlone’s analysis is the relative performance gap between Bitcoin and gold since the launch of ETFs.

He claims the iShares Bitcoin Trust by BlackRock helped boost Bitcoin by about 50% since early 2024, but that’s similar to the S&P 500 and much lower than gold, which rose around 135%.

This divergence, according to McGlone, suggests that capital may be rotating away from high-risk crypto assets toward traditional safe havens.

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Shift in Market Leadership

McGlone concludes that the Bitcoin ETF boom may have been less of a long-term catalyst and more of a late-cycle signal. If his outlook holds, Bitcoin could decline along with other speculative assets, while gold may perform better as a safer store of value.

While Bitcoin remains a dominant force in crypto, the data suggests its role as a high-beta asset could work against it if market conditions tighten and investors become more cautious. These factors explain why McGlone continues to call for a $10,000 price drop for BTC.

XRP Could See 12x Rally as Measured Move: Analyst

Lele Jima
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XRP Could See 12x Rally as Measured Move: Analyst

A prominent crypto analyst has projected that XRP could target a major long-term price level near $17 based on a technical move. 

This bold outlook comes as XRP shows mixed short-term performance, leaving analysts divided on its next direction.

Key Points

  • A prominent crypto analyst projects that XRP could reach a long-term price target of $17 using a measured move strategy.
  • The projection relies on a measured move derived from XRP’s previous bull-market rally.
  • Achieving the price target would require a gain of over 1,100%, or roughly a 12x increase.
  • XRP’s recent mixed performance has left analysts divided on its short-term direction.

XRP Measured Move Target Sits Close to $17

Market analyst Javon Marks has outlined a bullish long-term scenario for XRP, arguing that the asset could climb to nearly $17 based on a measured-move projection.

Notably, his chart highlights a large pennant pattern that formed since 2017 after XRP’s previous bull-market surge. Such formations typically signal a period of consolidation before the continuation of an existing trend.

According to his analysis, XRP broke out of this pennant in late 2024 during the post-election market rally. This breakout, he suggests, marks the beginning of a new upward cycle.

By measuring the size of the 2017 rally and projecting that magnitude from the point at which the pennant reportedly broke out in late 2024, Marks derived a measured-move price target of approximately $16.39.

This approach assumes that the breakout will continue to follow historical market behavior, meaning the next expansion phase could mirror the scale of XRP’s previous major rally. From current levels, reaching this target would require a gain of more than 1,111%, or roughly a 12x increase.

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A Massive Discount?

The projection has sparked debate, with some XRP proponents asking whether a fake breakout could occur before any significant rally. In response, Marks acknowledged the possibility of volatility but stressed that the current structure closely mirrors XRP’s 2017 cycle.

He further argued that, with XRP still trading well below the $17 target, current prices may represent a relative discount. In his view, the breakout structure suggests XRP could still be in the early stages of a much larger move if historical patterns repeat.

What Other Analysts Say

Meanwhile, XRP has delivered mixed performance this week. After rallying to around $1.39 following the Iran ceasefire, the token has since pulled back to about $1.33, marking a 3.32% decline over the past 24 hours.

In the meantime, other bullish projections continue to emerge. For instance, analyst CG recently pointed to a two-year Elliott Wave structure, suggesting that Wave 3 could drive XRP toward $24.

Additionally, market commentator Dark Defender stated that XRP could be approaching a new all-time high after breaking out of a resistance-support triangle pattern.

Despite these bullish signals, some analysts believe a dip to under $1 remains a possibility before the next leg up.

Bitcoin Signals Early Recovery Stage as Key Metrics Present Compelling Risk-Reward Setup

Elendu Benedict
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Bitcoin Signals Early Recovery Stage as Key Metrics Present Compelling Risk-Reward Setup

Bitcoin is nearing technical levels where risk-reward becomes very compelling, and price recovery begins, but patience remains vital.

Bitcoin (BTC) hovers near $70,700, down slightly over the past 24 hours. Its price has struggled to reclaim higher levels as bears continue to control market proceedings. Amid these, recent on-chain signals are drawing attention as two widely followed indicators begin to align, offering insight into current market conditions and next possible steps.

Key Points

  • Two Bitcoin metrics are aligning to send a clear message that the current market presents an intriguing opportunity for patient holders.
  • The two indicators are the Short-Term Sharpe Ratio and the Buy/Sell Pressure Delta (30).
  • The Short-Term Sharpe Ratio has dropped sharply to deeply negative levels near -40.
  • Such negative readings have only appeared during key turning points, including in 2015, 2019, 2020, and 2023.
  • The Buy/Sell Pressure Delta (30) shows that Bitcoin is transitioning from periods of aggressive selling pressure to areas with compelling risk-to-reward ratios.

Two Indicators, One Message

A recent analysis from CryptoQuant’s verified author, Moreno, identified two metrics that align to convey one clear message: the current market presents an intriguing opportunity for patient holders.

The two indicators are the Short-Term Sharpe Ratio and the Buy/Sell Pressure Delta (30). Each reads different market conditions but has a converging opinion on the current Bitcoin trend and how it could develop, citing historical context.

For perspective, the Short-Term Sharpe Ratio has dropped sharply, reaching deeply negative levels near -40. Historically, similar readings have aligned with areas of generational entry, presenting a compelling opportunity for those who care to listen.

The analysis highlighted that such negative readings have only appeared during key turning points, including in 2015, 2019, 2020, and 2023. An accompanying chart further identified this trend and the developments that followed for Bitcoin.

Bitcoin Short-Term Sharpe Ratio/CryptoQuant
Bitcoin Short-Term Sharpe Ratio/CryptoQuant

In each of those periods, the market subsequently entered a recovery phase. Currently, Bitcoin appears to be revisiting that same zone, which has previously coincided with major accumulation windows in the last decade.

Pressure Indicators Suggest Bitcoin in Transition Phase

At the same time, the Buy/Sell Pressure Delta (30) provides additional context. This metric helps track shifts between selling intensity and emerging demand, offering a clearer picture of market behavior.

Historically, market bottoms tend to develop over time rather than forming instantly. The process often begins with a strong wave of selling pressure, where participants exit positions aggressively. This phase is typically followed by a gradual slowdown in selling as supply thins, pushing the metric into the “Sell Pressure” zone, marked in green in the attached chart.

Bitcoin Buy/Sell Pressure Delta (30)/CryptoQuant
Bitcoin Buy/Sell Pressure Delta (30)/CryptoQuant

Current data indicates that this initial phase has already occurred, with a visible spike in sell pressure. Since then, the metric has started to recover, suggesting that the market is moving away from extreme conditions.

Bitcoin Recovery Signals in Process

However, the transition is not yet complete. While selling pressure has eased, the indicator has not fully shifted into a clear demand-driven phase. In previous cycles, stronger recoveries only took shape once buying activity clearly outweighed selling pressure, and the indicator pushed back to the “Buy Pressure” zone marked in blue.

Notably, this “Buy Pressure” zone has consistently offered compelling risk-to-reward ratios, making it an area that smart money pays keen attention to.

In the meantime, Bitcoin is in the gap between reduced selling and renewed demand. This phase is crucial, as it has historically been a period where conditions begin to stabilize.  However, the confirmation of a broader trend reversal is still pending.

For now, the analyst noted that external factors such as liquidity conditions, macroeconomic uncertainty, and overall sentiment continue to influence the pace of this transition. While risks remain, the data suggest the market may be in an early-stage recovery, presenting new opportunities for market enthusiasts.

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