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Top Exchange Says XRP Price Should Be $10

Abdulkarim Abdulwahab
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Top Exchange Says XRP Price Should Be $10

Leading exchange Bitrue has declared that XRP should already be trading at $10.

The comment came in response to a discussion sparked by real estate mogul Grant Cardone, who stated that Bitcoin should reach $280,000.

While Bitcoin currently trades around $71,200, still down more than 40% from its October 2025 peak of $126,200, market participants offered mixed reactions on how realistic such targets are.

Some traders urged caution, suggesting Bitcoin first needs to reclaim key levels like $84,000 before aiming higher. Others maintained that six-figure and even million-dollar valuations remain possible long term.

Key Points

  • Bitrue claims XRP should already be at $10, implying over 7x upside from its current level near $1.40.
  • The statement emerged amid debates over Bitcoin’s price, with mixed views on its path toward $280K targets.
  • XRP’s $10 target would push its market cap above $600B, raising questions about feasibility.
  • While some see strong upside, skeptics cite past price trends, supply growth, and market limits.

Bitrue Turns Spotlight to XRP

Amid the Bitcoin debate, Bitrue shifted attention to XRP, arguing the asset should be priced at $10.

At press time, XRP trades near $1.4. While posting a modest daily gain, it has remained down nearly 7% over the past week. The gap between its current price and the $10 target highlights the scale of the implied upside.

Specifically, XRP needs to surge more than 7X to reach $10, which would give it a $610 billion valuation.

While ambitious, this is not the first time Bitrue has taken a strongly bullish stance on XRP. The exchange has consistently supported the asset, previously hinting at a potential “moonshot” in March 2025 following the resolution of the long-running legal battle between Ripple and the U.S. SEC.

That case officially concluded after the SEC dropped its appeal, a development that briefly sent XRP soaring close to $2.60 before momentum faded.

$10 Narrative in the Community

Bitrue’s statement adds to a growing narrative that XRP is significantly undervalued at current levels.

Earlier this month, First Ledger suggested investors were effectively selling what it considers a “$10 coin” at around $1.40. Similarly, market commentators like 24hrscrypto1 have argued that anything below $10 fails to reflect XRP’s role in evolving global financial infrastructure.

These bullish arguments often point to increasing institutional interest, ETF inflows, and the global shift toward faster, blockchain-based payment systems as key catalysts.

Community Remains Divided

Despite the popular optimism, many express disagreement. Some traders pushed back on Bitrue’s claim, noting that markets rarely move in a straight line or align neatly with projected valuations.

Skeptics also highlight XRP’s long trading history and its struggle to surpass previous highs. Critics argue that supply growth over the years could limit upside.

Others warn that even if XRP eventually reaches $10, it could face sharp corrections similar to past cycles.

Ultimately, whether the token can move toward the increasingly discussed $10 level may depend on market conditions, particularly Bitcoin’s trajectory, and renewed demand across retail and institutional investors.

Shiba Inu Price on the Edge of a Triangle Breakout—Here’s the Target

Elendu Benedict
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Shiba Inu Price on the Edge of a Triangle Breakout—Here’s the Target

Shiba Inu accumulation days are nearing their end if the current momentum sustains and it breaks out of a descending triangle.

Notably, this triangle has suppressed Shiba Inu (SHIB) since mid-February, with its price shuffling between the upper resistance and lower support. As this consolidation appears to be nearing its end, the token now targets much higher prices from here.

Key Points

  • Shiba Inu is rounding out its accumulation structure near the apex of a descending triangle on the 4-hour chart.
  • After earlier attempts failed, SHIB is attempting to break out again, this time with support from the 100-period moving average.
  • Shiba Inu would have to close decisively above the descending resistance trendline to confirm a breakout, triggering a high-risk-to-reward long setup.
  • The target for this rally is a retest of the January high of $0.00001009, representing a 61% increase from the current market price.

Shiba Inu Breakout Looms

Market watcher Leeron Shim noted that Shiba Inu is rounding out its accumulation structure near the apex of a descending triangle on the 4-hour chart. The meme coin entered this triangle on February 15, following a lower high move to $0.00000725.

The upper resistance trendline has since slanted downwards, ending all bullish price action from Shiba Inu. Notably, an attempt to break higher on March 16 stopped at the triangle’s neckline near $0.00000644, forcing the token to revisit lower prices.

Now, SHIB is attempting to break out again, this time with support from the 100-period moving average. Shim feels this time is different because of the 100 MA support, as well as the token’s price stability over the past week. According to him, this signals that selling pressure is getting weaker, paving the way for a breakout.

What Needs to Happen and Breakout Target

The analyst further identified what needs to happen for a sustained breakout this time. Specifically, Shiba Inu would have to close decisively above the descending resistance trendline to confirm a breakout. This move would trigger a high-risk-to-reward long setup, targeting much higher prices.

An accompanying chart shows that the target for this rally is a retest of the January high of $0.00001009, representing a 61% increase from the current market price. Notably, this would mark a reclaim of the psychological $0.000010 price level, a move that several analysts believe would shift market sentiment in Shiba Inu’s favor.

Capital Influx Crucial for Shiba Inu Rally

Nonetheless, Shim highlighted that capital inflows are a crucial catalyst for this rally, as they would neutralize the final technical barrier. As more liquidity enters the fray, Shiba Inu gains strength, paving the way for a significant price surge.

Meanwhile, the Coinglass Shiba Inu spot flows indicate that liquidity might be slowly returning to Shiba Inu. In the past 24 hours, outflows from exchanges have trounced inflows, suggesting that holders are accumulating rather than distributing. 

Inflows stand at $6.04 million, while outflows have reached $6.87 million. The difference is $822,530, representing 131.9 billion SHIB at the current market price of $0.000006236, withdrawn from exchanges in the past 24 hours.

Further analysis shows that most of these withdrawals came from Binance, which had a net outflow of $719,340 in the past 24 hours. OKX and Bitstamp also had significant outflows of $319,050 and $152,730 worth of SHIB tokens, respectively.

Shiba Inu Exchange Netflow/Coinglass
Shiba Inu Exchange Netflow/Coinglass

XRP Could Drop to $0.87-$1.09 Before It Can Flip the Bearish Trend

Mark Brennan
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XRP Could Drop to $0.87-$1.09 Before It Can Flip the Bearish Trend

Market analysis suggests it is becoming increasingly likely that XRP needs to drop below the $1 area before it can gather strength to flip the bearish trend.

XRP has faced bearish pressure alongside the rest of the crypto market over the past few months. This ongoing downturn, which picked up pace in Q4 2025, has led to a 50% decline in XRP’s price, trading for $1.41 at the time of this press.

However, despite the deep correction, market data suggests XRP still has more room to drop further before it can comfortably turn the bearish situation around. Specifically, XRP currently trades within a Wave 2 phase, with the imminent Wave 3 potentially pushing prices to the $0.87 to $1.09 range.

Key Points

  • XRP has dropped 50% since the ongoing market-wide turbulence began in Q4 2025, currently trading for $1.41.
  • Data suggests XRP may still see steeper declines below $1 before it can gather strength to flip the bearish trend.
  • XRP now trades within an ABC sub-wave in a larger Wave 2 structure.
  • This C sub-wave would mark the end of the larger Wave 2, setting the stage for the corrective third wave.
  • Wave 3 could result in steeper declines to a range between $0.87 and $1.09 before XRP eventually recovers from the downturn.

XRP Trading Within ABC Sub-Wave

This is according to an analysis from Casi, a prominent market commentator, as she shares an update to her long-standing market exposition. According to Casi, she is still tracking XRP’s current Wave 2 structure, which split into an ABC sub-structure that has dictated the crypto asset’s price action in recent days.

Looking at the 1-hour chart shared by Casi, data shows XRP completed a corrective Wave 1 when it dropped from the March 17 peak of $1.60 to a floor price of $1.36 by March 23. 

From here, what followed was a Wave 2 upward push. However, this second wave split into an ABC sub-structure that has played out as expected since March 23. Specifically, sub-wave A pushed XRP’s price to a high of $1.46, while the B sub-wave resulted in a correction from the $1.46 high to a low of $1.38.

XRP 1h Chart Casi Trades
XRP 1h Chart | Casi Trades

Casi expected the B sub-wave to lead to deep corrections, but not as deep as the $1.38 low. Now, with XRP reaching this floor, the analyst insists that the structure remains valid, especially considering Bitcoin (BTC) also respected its own B wave.

What Next for XRP?

According to Casi’s chart, after the conclusion of the B sub-wave, XRP would rebound with sub-wave C. Interestingly, this appears to be playing out now, as XRP recovers to the current price of $1.41 at press time. 

Considering the current market realities, the analyst adjusted the target of the C wave upsurge to a high of $1.485, aligning with the 50% Fibonacci retracement level, instead of the earlier target of $1.51, which aligned with the 61.8% Fibonacci retracement.

The conclusion of the C sub-wave would culminate in the completion of the larger Wave 2. From here, Casi expects XRP to correct from the $1.485 high in the upcoming Wave 3, projecting much deeper declines. According to her, this Wave 3 pullback would push prices to a range between $0.87 to $1.09. At this level, XRP would then gather enough strength to finally rebound and flip the bearish trend. Casi said it is now likely this correction must play out first.

What Could Break the Structure?

At the same time, Casi called attention to certain developments that could break this current structure and render the analysis invalid. First, if the current decline pushes XRP below the $1.36 support area, this would invalidate the Wave 2 structure.

Moreover, if XRP recovers above the $1.65 price level when it has not yet slumped to the $0.87 to $1.09 range, the suggestion that it would have to decline to this area first would become invalid. Interestingly, EGRAG Crypto, another analyst, also recently identified the importance of the $1.65 mark.

Ireland Unlocks First 500 BTC in Long-Frozen Seizure Tied to Clifton Collins Case

Zabi
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Ireland Unlocks First 500 BTC in Long-Frozen Seizure Tied to Clifton Collins Case

A long-dormant Bitcoin fortune tied to a convicted Irish criminal has resurfaced, marking a breakthrough in a case that has puzzled authorities for nearly a decade.

On March 24, officials transferred 500 BTC, worth approximately $35 million, in what they described as a coordinated enforcement operation. Ireland’s Criminal Assets Bureau (CAB), working alongside Europol, successfully accessed part of the digital stash and moved the funds to Coinbase.

Key Points

  • Irish authorities recovered 500 BTC, worth about $35 million, from a decade-old criminal Bitcoin stash.
  • The assets belonged to Dublin man Clifton Collins, convicted of cannabis cultivation.
  • Collins accumulated roughly 6,000 BTC between 2011 and 2012, hiding the private keys in a fishing rod case.
  • Access to the Bitcoin was lost after Collins’ 2017 arrest and the disposal of his belongings.
  • Ireland’s Criminal Assets Bureau, with Europol, used technical expertise to unlock one wallet.
  • The total stash is now estimated at nearly €360 million, with authorities aiming to recover the remaining wallets.

Origins of the Bitcoin Fortune

The recovered assets belong to Clifton Collins, a Dublin man convicted of cannabis cultivation. Between 2011 and 2012, Collins accumulated roughly 6,000 BTC, when Bitcoin was still trading at single-digit prices.

According to authorities, he financed these purchases using proceeds from illegal cannabis operations spread across multiple Irish counties. As his holdings grew, Collins took deliberate steps to secure them.

To reduce risk, he divided the Bitcoin into 12 separate wallets, each containing 500 BTC. He then printed the private keys and hid them inside a fishing rod case stored at his home in Galway. However, this strategy later proved to be a critical vulnerability.

Loss of Access After Arrest

The turning point came in 2017, when Collins was arrested after police found cannabis in his car during a routine traffic stop.

Following his arrest, the landlord cleared out his rented property. His belongings were discarded and reportedly sent to a landfill. Among them was likely the fishing rod case containing the private keys.

Collins later suggested that a burglary may have also played a role, but regardless of the cause, access to the Bitcoin was effectively lost. This created a unique challenge: authorities had legally seized the assets, but had no way to access them.

Legal Seizure Meets Technical Barrier

In 2020, the Irish High Court ordered the confiscation of the full 6,000 BTC, then valued at around €53 million. However, without the private keys, the ruling could not be enforced in practice.

As the funds remained locked, Bitcoin’s value surged. Today, the total stash is estimated to be worth nearly €360 million, dramatically raising the stakes of any potential recovery.

How Investigators May Have Gained Access

Despite years of uncertainty, investigators eventually made progress. While officials have not revealed the exact method used, Europol confirmed it provided advanced technical expertise, including decryption support.

At this point, experts point to two likely scenarios. One possibility is that the wallet file was protected by a weak password, allowing authorities to use brute-force techniques to unlock it. Another theory suggests flaws in the original key-generation process that may have enabled reconstruction through cryptographic analysis.

Europol’s reference to “decryption” leaves both explanations plausible. Whatever the method, the breakthrough represents a significant technical achievement.

Potential for Further Recovery

Now that one wallet is unlocked, attention has shifted to the remaining funds. Investigators believe the same approach could potentially grant access to the other wallets.

If so, authorities could recover the entire 6,000 BTC, making it the largest asset seizure in the history of Ireland’s Criminal Assets Bureau.

For now, the recovery of 500 BTC marks a critical turning point. What was once considered a permanently lost fortune may soon become one of the most significant recoveries in the history of crypto enforcement.

Cardano Now in an “Opportunity” Zone According to This Indicator

Elendu Benedict
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Cardano Now in an “Opportunity” Zone According to This Indicator

Cardano is slowly grinding higher, with analysis suggesting that the coin is in an area where smart money finds it appealing to buy.

The prominent altcoin recently reverted from the days of price downturn, with its over 4% rise on Monday. Cardano (ADA) has had six straight red candles on the daily chart, adding fresh pessimism among holders. Following its second consecutive day of price increases on Tuesday, another indicator is flashing a positive signal for the 11th-largest cryptocurrency by market cap.

Key Points

  • Cardano is currently showing one of its weakest average return profiles in recent years, with average wallets active over the past 12 months sitting on losses of around -43%.
  • ADA has also recorded an over 71% price decline from its September high of $0.954, now trading at a massive price discount.
  • When most participants are holding losses, risk gradually decreases, and smart-money traders find these conditions favorable for buying or DCA-ing.
  • Funding rates on Binance have tilted heavily toward short positions, marking the most pronounced imbalance of shorts compared to longs since June 2023.
  • In previous scenarios, such crowded negative positioning has signaled price bottoming and led to moves in the opposite direction.

Cardano Down Considerably from Prior Highs

A recent Cardano price analysis from market intelligence platform Santiment highlights that Cardano is currently showing one of its weakest average return profiles in recent years. It noted that average wallets active over the past 12 months are sitting on losses of around -43%.

The deep losses followed the asset’s strong pullback from its highs last year. Market data show that ADA was trading at $0.731 a year ago but has since corrected 63.5% to its current price of $0.268.

Moreover, Cardano has also seen an over 71% price decline from its September high of $0.954, leaving the asset trading at a massive price discount.

Cardano at an “Opportunity” Zone: Santiment

Santiment noted that such extreme negative price action reflected in the MVRV metric, which compares market value to realized value. When this indicator drops significantly below zero, it suggests that the average holder is underwater. Typically, these conditions appear near periods of downtrend exhaustion, when selling pressure begins to fade.

For context, the crypto market moves in cycles characterized by severe price corrections and strong uptrend momentum. Historically, when assets are in a prolonged downside and average returns are heavily negative, a market reset could be in the pipeline.

According to the analysis, when most participants are holding losses, risk gradually decreases. Key stakeholders and smart-money traders find these conditions favorable for buying or DCA-ing. As such, Santiment concluded that Cardano is in an “opportunity” or “buy” zone.

Heavy Negative Market Positioning Hints at Contrarian Setup

At the same time, derivatives data is adding another layer to the current picture for Cardano. Funding rates on Binance have tilted heavily toward short positions, marking the most pronounced imbalance of shorts compared to longs since June 2023.

Cardano MVRV and Funding Rate Analysis/Santiment
Cardano MVRV and Funding Rate Analysis/Santiment

This means a large share of market participants are betting on further downside. In previous scenarios, such crowded negative positioning has signaled price bottoming and led to moves in the opposite direction. Notably, a short squeeze will liquidate bears, providing further liquidity for price increases.

Supporting this stance is a recent analysis from analyst Ali Martinez, which highlighted that Cardano has just printed a buy signal on the weekly chart. The TD Sequential indicator recorded this potential bullish reversal signal, with ADA tipped to rally in the next one to four weeks.

Hoskinson Pushes Active Participation on Cardano, Says “Use the Chain to Make It Better”

Lele Jima
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Hoskinson Pushes Active Participation on Cardano, Says “Use the Chain to Make It Better”

Charles Hoskinson has emphasized the importance of active participation, urging users to engage directly with Cardano. 

Notably, he amplified a growing community-driven call to action, urging proponents to use the chain to improve the network. 

Key Points 

  • Charles Hoskinson calls for a community-led initiative that encourages users to actively participate in improving the Cardano ecosystem.
  • The push gained traction after a post highlighted the simplicity and effectiveness of Cardano-based FluidTokens for lending and borrowing.
  • His remarks signal a broader shift within the ecosystem toward prioritizing real utility over speculative activity.
  • Hoskinson maintains that 2026 will be a pivotal year for the crypto industry, requiring a transition beyond hype to delivering tangible, real-world use cases.

“Use Cardano to Make It Better” 

This momentum began after a post praised the simplicity and usability of FluidTokens, particularly for lending and borrowing. The user highlighted how easily participants can monitor their positions on the platform and encouraged others to adopt the same approach. 

As the message gained traction, Hoskinson joined the conversation and reinforced the rallying cry. “Use the chain, make Cardano better,” Hoskinson wrote.

His response stresses that real value comes from actively using decentralized applications, not merely holding tokens. Notably, increased on-chain activity drives liquidity, strengthens adoption, and attracts developer interest.

Hoskinson has consistently argued that 2026 will mark a decisive phase for the crypto industry, especially Cardano. He believes the sector must move beyond hype-driven cycles and prove its value through real-world utility.

In this context, his latest remarks align with his long-standing view that blockchains like Cardano must demonstrate practical financial infrastructure through usage, not just theoretical promise. 

Mixed Reactions 

Meanwhile, Hoskinson’s comments sparked mixed reactions across the community. Some users pointed to growing adoption across DeFi, NFT minting, and prediction markets as evidence of meaningful progress. On the other hand, several participants raised concerns about structural inefficiencies.

Specifically, some users criticized reward mechanisms that appear to favor passive holding over active engagement. They argued that, despite executing multiple DeFi transactions and paying network fees, their Glacier Drop rewards remain minimal compared to those of large ADA holders, who earn significantly more from holding alone.

In addition, others called on ecosystem builders, including Input Output Global, to lead by example by actively using the blockchain. These concerns suggest that while adoption is advancing, Cardano may still need to refine its incentive structures to better align user activity with rewards. 

David Schwartz Reveals Why XRP Fees Can Suddenly Spike Without Warning

Sam Wisdom Raphael
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David Schwartz Reveals Why XRP Fees Can Suddenly Spike Without Warning

Former Ripple CTO David Schwartz recently explained the mechanics behind a spike in XRP transaction fees during periods of peak performance.

Notably, Schwartz discussed how validators manage the network and fee structure during increasing demand for network resources. His comments came as XRPL activity climbed toward levels rarely seen before, with sustained transactions nearing 200 per ledger.

Key Points

  • XRPL activity recently surged near 200 transactions per ledger, a threshold rarely reached in the network’s history.
  • This increased network activity resulted in higher fees and load, leading to criticisms.
  • Schwartz said fees increase when transaction demand exceeds network capacity, and even a slight overflow beyond limits like 200 TPS can push fees much higher.
  • Validators determine the clearing rate collectively, needing at least a majority and sometimes up to 80% agreement, depending on the negative UNL setup.
  • When performance drops, such as consensus rounds stretching to about 12 seconds, validators reduce transaction targets and shift the fee curve to stabilize the network.

Rising XRPL Activity

Schwartz’s explanations followed a disclosure from Vet, an XRPL dUNL validator, who called attention to a rise in usage. Vet pointed out that only a few times in XRP’s history have transactions stayed above 200 per ledger for a sustained period, noting that the network was reaching that level again. Specifically, on March 23, the XRPL recorded 190 transactions in a ledger, a 1-year high.

Notably, an XRP critic also raised concerns that came along with this feat. The critic said the network experienced a high load factor the previous night, which led to higher fees and caused several nodes to become overloaded. This suggested that the system was under pressure. Specifically, XRP burned as fees surged above 1,400 on March 23.

Responding, Schwartz presented two main reasons fees rise on the XRPL. He explained that when the number of transactions goes beyond what the network can handle comfortably, fees increase to control the flow.

Even a small gap between demand and capacity, such as going above a limit of around 200 transactions per second, can push fees higher until the number of transactions drops to a manageable level.

How XRP Validators Maintain Network Stability 

Schwartz also revealed that validators help control how fast the network processes transactions. According to him, the system does not match the speed of the fastest validator or slow down to the pace of the slowest one. 

Instead, validators agree on a balanced rate, usually needing at least a majority, and sometimes up to 80% agreement, depending on how the negative UNL works.

He added that the way validators are set up is particularly important. Notably, if a server already runs close to its limit and transaction volume suddenly doubles, it may fall behind even without fee increases. 

This means proper setup and tuning affect when fees begin to rise. Essentially, if fees increase too early, the network processes fewer transactions than it could. If they rise too late, parts of the network may stop working properly during heavy traffic.

Validators Determine XRP Fee Thresholds

When asked how validators decide on transaction limits, Schwartz said each validator makes its own estimate based on recent ledger activity. They look at how many transactions previous ledgers handled and use that as a guide. Then, they apply an exponential fee curve, which raises the required fee as demand increases.

He explained that the final cutoff depends on what half of the validators agree on. For instance, if recent ledgers regularly include about 200 transactions, validators will start raising fees once that number is slightly exceeded. If the network begins to slow down or validators disagree more often, they raise fees earlier to keep things stable.

Schwartz also shared how the XRPL deals with transactions waiting to be processed. Specifically, the system keeps them in a queue, sorted by the fees users are willing to pay, while giving priority to earlier transactions when fees are equal. Validators then fill each ledger with transactions until they reach one that does not meet the required fee.

He said validators vote on transactions one by one, usually following majority agreement. When the network shows signs of stress, such as consensus rounds taking about 12 seconds, validators lower the number of transactions allowed per ledger. This changes the fee curve and reduces the load on the system.

XRP Gaussian Channel Identifies Area That Could Mark the Price Bottom

Mark Brennan
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XRP Gaussian Channel Identifies Area That Could Mark the Price Bottom

The Gaussian Channel has revealed the price area in which XRP could mark its bottom for the ongoing downtrend, leading to a bull market recovery.

Notably, XRP has continued to face declines since reaching the $3.6 peak in July 2025. Currently trading for $1.4, prices have dropped 61.1% from the $3.6 high. While traders continue to look out for what could be the bottom for this downtrend, the Gaussian Channel has revealed some important pointers.

Key Points

  • Since reaching $3.6 in July 2025, XRP has continued to decline, now down 61% from this peak amid a downtrend that has lasted for five months.
  • While some analysts suggested that the new year could bring in a full-blown rebound push, XRP has failed to follow this projection, facing resistance during a January run to $2.4.
  • At the current position, investors and traders remain confused about where the bottom of this downtrend could materialize.
  • Amid the uncertainty, the Gaussian Channel shows that XRP may now be close to the bottom, which sits at the lower channel around $0.91.
  • This means XRP may still dip further below $1 before eventually recovering to new heights in a full-blown rebound.

XRP’s 5-Month Struggles 

This is according to a recent analysis from Chart Nerd, a well-known market watcher, amid XRP’s ongoing struggles. The crypto asset had attempted another recovery push from Feb. 28, but the roadblock at $1.6, attained on March 17, has since foiled this attempt.

XRP has again dropped below $1.5, with bears pushing to breach the $1.4 support in the latest round of selloffs. While some analysts suggested that a full-blown price recovery could ensue in 2026, XRP’s initial rally in early January 2026 faced premature resistance at $2.4, and the recent resistance at $1.6 is the latest to cap such rebound attempts.

Is XRP’s Bottom In?

While bulls have not yet gotten the rally they anticipate, the equally important question is: has XRP already reached its bottom for the ongoing downtrend? For context, XRP reached a floor price of $1.1 on Feb. 6 amid the downturn. While some believe this marked the bottom, others suggest prices could still go lower.

Chart Nerd belongs in the latter’s camp. According to him, XRP still has the potential to decline further from here. Interestingly, in his latest market exposition, the chartist presented a Gaussian Channel analysis to try to pinpoint the area in which XRP could hit its bottom for the bear cycle.

Specifically, the Gaussian Channel features an upper band at $2.16, with a middle band around $1.54. Meanwhile, the lower band sits at $0.91. Chart Nerd suggests that this $0.91 area aligning with the lower Gaussian Channel band could mark XRP’s bottom, from which a proper recovery could ensue.

XRP 2W Gaussian Channel Chart Nerd
XRP 2W Gaussian Channel | Chart Nerd

Historical Data Gives Pointers

Notably, the analyst called attention to historical data that indicates that XRP’s bottom in previous cycles always aligned with the lower Gaussian Channel band on the 2-week chart. 

Data shows that this occurred in March 2017, when XRP dropped to $0.0048, close to the lower Gaussian Channel band at the time. This floor price marked the bottom for the 2017 downtrend, and from here, XRP recovered to the $3.31 peak in January 2018. 

This played out again during the 2020 bear market, as XRP declined to $0.1049 in March of that year. The price aligned with the lower band of the Gaussian Channel and represented XRP’s bottom at the time. While XRP failed to engineer a rebound to new heights due to the SEC lawsuit, which started in December 2020, it still recovered to $1.96 by April 2021.

The last time XRP repeated this pattern was in 2022, when the price declined to $0.2875 in June of that year, following the Terra implosion. This low marked the bottom, as it aligned with the Gaussian Channel’s lower band. From here, XRP started to rebound, but the full rally only came in during the November 2024 upsurge.

XRP Run May Not Be Immediate 

Now, with the lower band of the Gaussian Channel sitting at $0.91, Chart Nerd believes the price could gravitate toward this level to form the bottom, like in previous cycles. XRP’s ability to see bottoms at higher lows, including $0.0048, $0.1049, $0.2875 and now, potentially $0.91, shows it has built strength over the years.

However, it remains uncertain if the $0.91 price will actually mark the bottom. Also, even if the bottom comes in at $0.91, this will indicate that XRP had already recorded its lowest price for the cycle, but it doesn’t guarantee an immediate full-blown upsurge. Most times, such rallies occur months after the price hits the bottom.

Bitcoin Has Likely Bottomed, Still Targets $150,000 By Year’s End: Bernstein

Elendu Benedict
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Bitcoin Has Likely Bottomed, Still Targets $150,000 By Year’s End: Bernstein

Bitcoin may have likely reached its lowest price and could rebound from here to higher prices, according to a recent analysis from Bernstein.

The Wall Street brokerage firm’s senior analyst on digital assets, Quantum Chhugani, said this in a note to clients on Tuesday. He expects Bitcoin to recover strongly from here, targeting higher prices.

Key Points

  • Bitcoin may have likely reached its lowest price and could rebound from here to higher prices, according to a recent analysis from Bernstein.
  • Bernstein still maintained its $150,000 price target for Bitcoin before the end of this year, reflecting 113.4% growth from the current price.
  • Bernstein noted that resilient ETF inflows and corporate demand for BTC would drive this price expansion.
  • The brokerage firm called Strategy a high-beta Bitcoin play, backed by its strong balance sheet.

Bitcoin May Have Bottomed

Bitcoin trades around $70,290 at the time of writing, down a little over 1% in the past 24 hours. It reclaimed the $70,000 price level and rose higher to $71,800 on Monday, following reports that Donald Trump has ordered a 5-day ceasefire in attacks on Iran.

While the current market condition remains unstable, Bernstein’s Chhugani noted that Bitcoin may have bottomed. In the note, he noted that BTC has “found its trough,” and its subsequent direction is northward.

Notably, if this proves true, it will mean that the low of around $60,130 on February 6 would be the lowest price in the ongoing corrective phase. Additionally, this will mean Bitcoin only experienced a 52% correction, one of the lowest from previous ATHs in history during bear markets.

Bitcoin Now Targets $150,000

Interestingly, Bernstein still maintained its $150,000 price target for Bitcoin before the end of this year. With the projection that the bearish wave is nearing its end, the firm expects the cryptocurrency to surge past its current all-time high of $126,200 to the unprecedented price level, reflecting 113.4% growth from the current price.

On catalysts, the brokerage firm cited institutional demand. Bernstein noted that resilient ETF inflows and corporate demand for BTC would drive this price expansion.

For context, yesterday, the Bitcoin spot ETFs recorded a net inflow of $167.23 million, per SosoValue. While it was their first inflow in four days, the funds have brought in a staggering $1.60 billion since the start of March, suggesting renewed traction after months of outflow.

Recently, Australia’s pension giant Hostplus announced plans to offer clients Bitcoin exposure, adding to a broader corporate clamor for exposure to the pioneering cryptocurrency. Banking giant Morgan Stanley is also close to launching a US Bitcoin spot ETF, a move that reflects the asset’s growing appeal even to giants in the financial institution.

Strategy as Bitcoin-Beta Play

Bernstein further lauded the resilience of Michael Saylor’s Strategy in accumulating Bitcoin despite the dip. Yesterday, the business intelligence company announced it bought $76.6 million worth of BTC last week, pushing its stash to 762,099 BTC. The $53.5 billion bag now represents 3.6% of the total Bitcoin supply.

Chhugani called Strategy a high-beta Bitcoin play, backed by its strong balance sheet. Despite MSTR falling 50% from its ATH, he sees it recovering, as he sets $450 price target.

Not Everyone Believes Bitcoin Has Bottomed

Bernstein’s bottoming call, however, is not in alignment with the analysis from other market watchers. Recently, top chartist Ali Martinez noted that while the future holds bullish prospects for Bitcoin if it follows history, it could also see lower prices.

According to him, BTC could drop as low as $41,500 and could reach that bottom by mid-October 2026. However, he expects an accumulation and expansion phase to follow this bottom.

Standard Chartered Bank also believes BTC would drop further to $50,000. The firm has repeatedly reiterated that the asset would revisit this price mark before moving higher, citing weak economic environments and a lack of demand. The bank also reviewed its 2026 forecast from $150,000 to $100,000.

U.S. State Missouri to Make XRP an Official Reserve Asset

Abdulkarim Abdulwahab
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U.S. State Missouri to Make XRP an Official Reserve Asset

A new legislative push in Missouri is proposing to place XRP alongside major digital assets like Bitcoin, Ethereum, Solana, and USDC in a state-managed reserve.

The House Committee Substitute for HB 2080, sponsored by Representative Ben Keathley, has advanced with a “Do Pass” recommendation after clearing the Commerce Committee in a 6–2 vote. The bill proposes the creation of a crypto Strategic Reserve Fund.

Key Points

  • Missouri advances bill to include XRP in a state-managed crypto reserve alongside Bitcoin and Ethereum.
  • HB 2080 would allow the State Treasurer to buy, hold, and manage crypto assets for long-term strategy.
  • The proposal enables USDC payments for taxes and fees, expanding real-world crypto use in state systems.
  • XRP’s inclusion signals rising institutional adoption as governments explore digital asset reserves.

XRP Included in State-Level Crypto Holdings

Under the bill, XRP is among the digital assets that the State Treasurer can accept, hold, and manage. The fund would allow the state to receive crypto through donations, grants, or transfers from residents and government entities.

The Treasurer would also have authority to:

  • Purchase and invest in cryptocurrencies using state funds
  • Store digital assets for a minimum of five years
  • Later sell, convert, or allocate those holdings as needed

This positions XRP not just as a speculative asset, but as part of a long-term state reserve strategy, similar to how governments traditionally manage gold or foreign currencies.

Missouri crypto reserve bill
Missouri crypto reserve bill

Crypto Integration Into State Systems

Beyond reserves, the legislation introduces real-world utility for digital assets. Government entities across Missouri would be authorized to accept USDC for payments, including taxes, fees, and fines, subject to approval by the Department of Revenue.

The bill also outlines strict compliance measures:

  • Prohibits transactions tied to foreign or illegal entities
  • Allows partnerships with third-party custodians for security
  • Requires biennial transparency reports from the Treasurer

Ultimately, the initiative will help Missouri diversify its investment portfolio and modernize its financial infrastructure. Interestingly, there was no opposition voiced during committee hearings, reflecting rising acceptance of crypto at the policy level.

For XRP, inclusion in a government-managed reserve adds another layer to its evolving narrative as an asset tied to institutional and public-sector use.

At the federal level, President Trump also signed an executive order in 2025 to establish an altcoin stockpile and a national Bitcoin reserve. Efforts are underway to bring this initiative to fruition.

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