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

Abdulkarim Abdulwahab
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0
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.

Bitcoin ETFs Have Recorded $2.5B Inflows in March, on Track to Recover 2026 Losses

Sam Wisdom Raphael
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Bitcoin ETFs Have Recorded $2.5B Inflows in March, on Track to Recover 2026 Losses

Bitcoin ETFs have witnessed nearly $2.5 billion worth of capital inflows in March alone, as they embark on a campaign to recover the losses of 2026.

The ongoing market-wide turbulence has impacted both the Bitcoin (BTC) price and ETF performance. Specifically, with Bitcoin down 20.28% year-to-date, dropping from $87,496 at the start of the year to the current price of $69,791, Bitcoin ETFs have also bled out this year.

However, a recovery effort has ensued in March, leading to impressive inflow figures. Despite the struggles from late last week, these investment products have now recorded nearly $2.5 billion worth of capital inflows this month alone, and are on track to recover all the losses of 2026.

Key Points

  • The ongoing market-wide downturn that has led to a 20.28% YTD decline in Bitcoin’s price has also impacted the performance of Bitcoin ETF products.
  • Bitcoin ETFs witnessed $6.386 billion worth of net outflows from November 2025 to February 2026, recording four consecutive months of negative netflows.
  • This year alone, the products saw $1.81 billion in net outflows in January and February, with March now breaking the losing streak.
  • Bitcoin ETFs have logged $2.5 billion in capital inflows alone in March, amounting to $1.6 billion in actual netflows.
  • These products are now on the verge of recovering all the losses of the year, with net outflows for 2026 dropping to just around $210 million.

Poor Start to the Year

This is according to a recent disclosure from Eric Balchunas, a Senior Bloomberg ETF Analyst, as Bitcoin ETFs look to reclaim lost ground. Notably, these investment products had a poor start to the year alongside the broader market.

While Bitcoin’s price dropped 10.13% in January, Sosovalue data shows Bitcoin ETFs logged $1.61 billion in net outflows that month, as investors pulled capital out of the products to safer options. The bearish trend slipped into the next month despite greater resilience from bulls, with the products seeing $206.52 million in net outflows, the first figure below $1 billion since November 2025.

Bitcoin ETFs Performance Sosovalue
Bitcoin ETFs Performance | Sosovalue

Overall, in January and February alone, Bitcoin ETFs witnessed $1.81 billion in net outflows, marking their poorest start to the year since launch. This also culminated in four consecutive months of net outflows, representing the most bearish stretch for the products in history.

Bitcoin ETFs on a Recovery Path

Interestingly, the Bitcoin ETFs have now embarked on a rebound push, looking to recover the recent losses. The lower outflow figure in February 2026 indicated that interest was already returning to these products, and this has led to the impressive performance in March.

According to Balchunas, Bitcoin ETFs have witnessed around $2.5 billion in capital inflows in March alone. Balancing with outflows, this amounts to about $1.6 billion worth of netflows. This month’s outflows emerged on March 5 and 6, and March 18 to 20.

The investment products are now one good day away from recovering all the losses of the year, Balchunas remarked. Notably, with the March performance, these products have now reduced their year-to-date outflows to just $210 million, a figure they are capable of recovering in a single day.

BlackRock Bitcoin ETF, Others Seeing YTD Gains

Interestingly, the BlackRock iShares Bitcoin ETF (IBIT) and most of the other Bitcoin ETFs have individually witnessed positive netflows year-to-date. Specifically, IBIT has recorded $1.324 billion in YTD netflows, putting it in the top 2% in terms of inflows for this year, according to Balchunas.

Bitcoin ETFs Bloomberg
Bitcoin ETFs | Bloomberg

Also, the Grayscale Bitcoin Mini Trust ETF (BTC) has seen $249 million in YTD netflows, while the VanEck Bitcoin ETF (HODL) has recorded $96 million. Other products have individually seen positive netflows besides Fidelity’s FBTC, Grayscale’s GBTC, and Ark Invest’s ARKB.

Balchunas praised the products’ resilience in the face of Bitcoin’s 40% price drop over a 6-month timeframe. According to him, when gold (XAU) saw a similar 40% price drawdown a decade ago, it lost a third of its investors amid a capital flight.

NYSE Partners With Securitize to Build Tokenized Securities Platform 

Lele Jima
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NYSE Partners With Securitize to Build Tokenized Securities Platform 

The New York Stock Exchange (NYSE) has partnered with SEC-registered tokenization platform Securitize to accelerate the development of tokenized securities markets. 

Through this collaboration, both firms aim to build core infrastructure for blockchain-based finance while enabling 24/7 trading, near-instant settlement, improved efficiency, and stronger regulatory alignment. 

Key Points 

  • The New York Stock Exchange has partnered with Securitize to accelerate the growth of tokenized securities markets.
  • The initiative aims to enable 24/7 trading and near-instant settlement of tokenized assets.
  • As part of the collaboration, NYSE plans to launch a Digital Trading Platform, with Securitize serving as a key design partner.
  • Securitize will mint tokenized securities, maintain ownership records, and oversee corporate actions and regulatory compliance.

NYSE Partners Securitize

At the center of the initiative, NYSE plans to launch an affiliated Digital Trading Platform to support the issuance and trading of tokenized versions of traditional assets, such as ETFs and stocks. Notably, the platform will settle transactions directly on-chain, reducing delays and increasing transparency.

To drive this effort, Securitize will serve as a key design partner and help develop a digital transfer agent system. As the first eligible digital transfer agent, the firm will mint tokenized securities while maintaining ownership records, managing corporate actions, and ensuring full regulatory compliance.

Beyond infrastructure development, both companies will collaborate to establish industry-wide standards for tokenization participants.

These standards will define regulatory requirements, streamline operational workflows, and set technical benchmarks. Consequently, tokenized securities will meet institutional-grade expectations and integrate seamlessly into existing financial systems.

Meanwhile, both organizations emphasize integration rather than disruption. Lynn Martin, President of NYSE Group, stresses that innovation must preserve market integrity and protect investors. Similarly, Securitize CEO Carlos Domingo highlights the company’s long-standing focus on compliant digital asset infrastructure. 

Growing Momentum for Tokenization

Meanwhile, momentum around tokenization continues to build across the financial industry. For instance, Nasdaq has sought approval from the U.S. SEC to list and trade tokenized securities. The exchange argues that these assets can offer the same protections as traditional securities while improving efficiency.

In parallel, Coinbase has also requested regulatory approval to offer tokenized equities to its users. Meanwhile, the SEC continues to engage with market participants to determine the most effective regulatory framework for these innovations, including initiatives like “Project Crypto,” which explores bringing financial markets on-chain.

Notably, these developments, especially NYSE’s partnership with Securitize, highlight a broader shift in global finance. Rather than disrupting traditional systems, blockchain technology is emerging as a powerful upgrade, enhancing efficiency, transparency, and accessibility, provided it aligns with regulatory and institutional standards. 

Ripple CTO Emeritus Says Bitcoin’s Decentralization Doesn’t Come From PoW

Sam Wisdom Raphael
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Ripple CTO Emeritus Says Bitcoin’s Decentralization Doesn’t Come From PoW

David Schwartz, former CTO of Ripple, recently argued that Bitcoin’s decentralization does not come from its use of the PoW mechanism.

Schwartz’s latest comments followed a recent event where a single mining entity showed significant control. This led to discussions about how secure and balanced Bitcoin’s network truly is with the Proof-of-Work consensus mechanism.

Key Points

  • Foundry USA, the largest Bitcoin mining pool, recently mined 7 consecutive Bitcoin blocks, leading to a chain reorganization and raising concerns about mining concentration.
  • Vet, an XRPL validator, noted that Foundry USA’s hashrate is near the profitability threshold for selfish mining, suggesting large miners could exploit the system.
  • David Schwartz argued that Proof-of-Work is itself a centralizing force, and Bitcoin must continuously work to maintain decentralization.
  • Schwartz explained that changing the mining algorithm could weaken trust in Bitcoin’s immutability, but leaving it unchanged could rely too much on miner behavior.
  • He stressed that the Bitcoin community may choose to live with the issue for now, as fixing it prematurely could lead to even bigger problems.

Schwartz Speaks on Growing Concerns in Bitcoin Mining

Schwartz’s recent comments came in response to concerns raised by Vet, an XRPL validator. Notably, Bitcoin proponents still see PoW as a force of decentralization, but recent events show that mining power may be becoming more concentrated.

Specifically, Vet pointed out in a recent post that Foundry USA, the largest Bitcoin mining pool in the world, mined 7 Bitcoin blocks in a row, which raised concerns about how much control one mining group could have. 

This led to a quick blockchain reorganization involving Antpool and ViaBTC, something that can happen when competing chains briefly exist. Some network participants suggested this dominance could result in a possible case of selfish mining, where a miner tries to gain an advantage by holding back blocks.

Responding to these concerns, Schwartz argued that Bitcoin’s decentralization does not come directly from PoW. Instead, he said PoW can actually push the system toward centralization, meaning the network must keep working to stay decentralized.

“Bitcoin’s decentralization doesn’t come from its use of PoW,” the former Ripple CTO said, “rather, PoW is a centralizing force bitcoin has to keep fighting against.”

Concerns Around Selfish Mining

Vet also showed concerns about how Bitcoin handles these situations. He explained that chain reorganizations are a major weakness, as they show that transactions do not have absolute finality. He said, in contrast, the XRP Ledger does not face the same type of reorganization risks, boasting true final settlement.

Further, the XRPL validator noted that Foundry USA’s hashrate is close to the level where selfish mining could become profitable, based on several academic studies. This raises the risk that large miners could take advantage of the system if it becomes beneficial for them. As a result, he stressed that the Bitcoin network needs to spread mining power more evenly.

Notably, Schwartz suggested that the issue presented a conundrum for the community. He explained that changing the mining algorithm could show that Bitcoin’s rules are not as fixed as many believe. At the same time, leaving things unchanged could mean the network depends too much on large players acting in good faith.

Bitcoin and XRPL Consensus Mechanisms

For context, Bitcoin uses the PoW mechanism, where miners compete to solve complex problems, and the longest chain becomes the valid one. While this method is slow, costly, and energy-intensive, Bitcoin proponents insist that it remains secure and decentralized.

On the other hand, the XRP Ledger uses the Ripple Protocol Consensus Algorithm. In this system, trusted validators agree on transactions within seconds using a supermajority vote. This allows for faster and more efficient processing. However, the Bitcoin community argues that relying on a set of validators can also lead to centralization.

Here’s Why XRP May Not Drop to $0.73, and Bitcoin to $53K

Mark Brennan
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Here’s Why XRP May Not Drop to $0.73, and Bitcoin to $53K

The predominant bearish sentiment suggests XRP and Bitcoin may not drop further to the extreme lows most investors expect.

The crypto market has remained under pressure for months. As a result, market sentiment has turned strongly negative. Notably the Fear and Greed Index currently sits at 34 in the Fear zone. 

While some market participants expect further declines to $53,000 for Bitcoin and the $0.73 to $0.78 range for XRP, a contrarian opinion suggests these outcomes may not happen. 

Key Points

  • The crypto market has been in a sustained downtrend since Q4 2025, as Bitcoin drops 37% to $71,000, while XRP collapses 50% over the same period to $1.41.
  • The broader market has seen major capital outflows, losing about $1.45 trillion in global crypto market value since October 2025.
  • Investor sentiment has remained weak, with data placing the Fear and Greed Index at 34 and in the Fear zone for most of 2026.
  • The bearish sentiments have led to doomsday forecasts, as some analysts predict $53,000 for Bitcoin and $0.73 to $0.78 for XRP.
  • A contrarian view suggests the opposite outcome, with historical data showing that extreme fear levels often precede market stabilization or a rebound.

Market Downturn Leads to Increased Fear

Analyst Crypto Bull recently shared this contrarian opinion amid the ongoing market struggles. For perspective, the crypto market has been under strong pressure since the fourth quarter of 2025, with Bitcoin leading the decline and pulling other assets down with it. 

Since October 2025, Bitcoin has dropped by 37%, bringing its price to about $71,000. This has weakened investor confidence. At the same time, altcoins have seen even bigger losses. XRP has fallen by 50% within the same period and now trades around $1.41. 

XRP Downturn Since Q4 2025
XRP Downturn Since Q4 2025

The impact goes beyond just these two assets, as the total crypto market has lost about $1.45 trillion in value since October 2025. This shows how deep the overall downturn has been, with the global crypto market now sitting at $2.41 trillion.

As prices continue to fall, market sentiment has become negative. The crypto Fear and Greed Index currently stands at 34, which signals Fear. For most of 2026, the index has stayed in this range, moving into Neutral only once in January and once earlier this month.

Fear and Greed Index CoinMarketCap
Fear and Greed Index | CoinMarketCap

This ongoing fear has led to more bearish predictions. Many analysts now expect further declines, with Bitcoin possibly dropping to $53,000 and XRP falling to between $0.73 and $0.78. These forecasts reflect the general belief that the market has not yet reached its lowest point.

Crypto Bull Questions the Bearish Outlook

Amid the negative mood, analyst Crypto Bull holds a contrarian view. He suggests that these bearish predictions may not play out as expected. According to him, prices often move in the opposite direction from what most people believe.

He pointed out that when fear becomes widespread, it can indicate that the market is close to a turning point. With the Fear and Greed Index at 34, the current sentiment may already be too negative. In such situations, selling pressure can start to weaken as fewer traders remain willing to sell.

The market analyst called attention to suggestions that Bitcoin may drop to $53,000 and XRP could slip to the $0.73 to $0.78 range. His commentary directly goes against these forecasts. ” I don’t think markets work that way,” he said, speaking on the possibility of these forecasts playing out.

Signs That the Market Could Turn

Market history often shows that extreme fear does not last forever. When most traders expect prices to keep falling, the market can surprise them by moving in the opposite direction. The fact that sentiment has stayed in Fear for most of 2026 shows how negative things have become.

At the same time, the market has already gone through large declines since October 2025. Bitcoin’s 37% drop, XRP’s 50% fall, and the total loss of $1.45 trillion in market value suggest that much of the downside may already be priced in.

While many still expect further losses, this view may not be certain. If sentiment begins to improve or selling slows down, both Bitcoin and XRP could avoid the widely predicted drops to $53,000 and $0.73. However, there is still the possibility of declines to these levels if selling pressure deepens.

Veteran Analyst Shares New Plan for XRP Price

Abdulkarim Abdulwahab
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0
Veteran Analyst Shares New Plan for XRP Price

A veteran analyst has outlined a fresh short-term roadmap for XRP, warning that the current structure could mislead bullish traders before the next major move unfolds.

Tara, a long-time market watcher known for tracking both Bitcoin and XRP cycles, says the asset is now approaching a critical phase resembling a Wave 2/5 retracement.

According to her latest outlook, XRP could rise toward a key resistance level around $1.51, based on the 0.618 Fibonacci level, which also aligns with a typical correction pattern.

Key Points

  • A veteran analyst warns XRP’s current setup may trap bullish traders before a deeper corrective move unfolds.
  • XRP could climb toward $1.51 resistance, but the move may be a temporary bounce rather than true strength.
  • After the rebound, a Wave 3 decline could follow, with downside targets near $1.12 and $0.87 support zones.
  • Despite short-term risks, the analyst maintains a long-term bullish outlook, with XRP potentially reaching $9.

Possible XRP Price Drop Could Mislead Buyers

Even though prices might rise slightly in the short term, Tara warns that this does not necessarily mean XRP is gaining strength. She says it could simply be a temporary bounce that tricks buyers into expecting a breakout.

In her view, after this small rebound, XRP may enter a larger downward move (Wave 3), which could push the price significantly lower.

Important Levels to Watch

If XRP’s price continues to fall, Tara highlights a few key areas where it might find support:

  • Around $1.12, where the price could form a double bottom
  • Around $0.87, a strong long-term support level

These levels align with earlier projections from several analysts who have identified the $0.87–$0.93 region as a key accumulation zone, even if not all expect it to be reached.

Context: Final Shakeout Still in Play

This latest plan builds on Tara’s earlier view that XRP may still be undergoing a “final shakeout” before a larger bullish expansion. Previously, she highlighted the $1.47 region as a textbook support level tied to the 0.618 Fibonacci retracement.

While XRP has recently hovered in the mid-$1.40 range after facing rejection near $1.60, the current structure suggests the market remains undecided, balancing between a relief bounce and a deeper correction. At the time of writing, XRP is trading at $1.42, up 0.38% over the past day.

xrp ripple price prediction bitcoin btc crypto charts technical analysis pump bullish bottom bearjish trump clarity safe dollar fed iran war

Long-Term Bullish Case Remains

Despite the short-term caution, Tara has not changed her broader outlook. She continues to view XRP as undervalued over the long term, previously outlining a conservative target as high as $9 if the market completes its accumulation phase.

For now, however, the focus remains on whether XRP completes this corrective bounce or if the anticipated Wave 3 move begins sooner than expected.

Shiba Inu Exchange Outflows Spike: Is Accumulation Enough to Offset Bearish Signals?

Lele Jima
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Shiba Inu Exchange Outflows Spike: Is Accumulation Enough to Offset Bearish Signals?

As Shiba Inu gradually recovers from recent bearish pressure, on-chain data now signals the potential emergence of a fresh downside risk. 

Despite Shiba Inu’s recent price rebound, underlying metrics point to a fragile technical structure. These developments suggest that SHIB may soon experience selling pressure.

Key Points

  • On-chain data signals the potential emergence of fresh downside risk.
  • A death cross has formed on the one-hour chart.
  • Despite these bearish signals, SHIB has climbed over 5% in the past day, supported by a strong rebound in trading volume and rising exchange outflows.
  • A golden cross on the 4-hour chart, formed on March 19, remains intact, offering some technical optimism.

Weak Technicals

SHIB’s technical outlook remains bearish. The asset remains below key resistance levels, particularly around $0.0000065. Adding to the concern, SHIB recently formed a death cross on the 1-hour chart after failing to establish a golden cross on the same timeframe.

In this case, the 200-period simple moving average crossed above the 50-period SMA, reinforcing short-term bearish momentum.

Shiba Inu Death Cross on 1H Chart

Shiba Inu Soars 5%, Maintains Golden Cross on 4-Hour Timeframe

Despite these negative indicators, SHIB has posted a notable short-term recovery. The token has surged by more than 5% over the past day and is currently trading above $0.0000060.

Currently trading at $0.000006116, SHIB is up 5.81% in the last 24 hours and 0.43% over the past week, although it remains down 1.72% on the 30-day timeframe. In the meantime, the broader picture presents a mixed outlook.

Shiba Inu previously formed a golden cross on the 4-hour chart on March 19 and has maintained it since then. In addition, trading activity has rebounded sharply after an earlier dip, with volume surging 69.35% in the past 24 hours to $188.21 million.

Rising Exchange Outflows

Meanwhile, Shiba Inu exchange outflows have trended upward in recent days, according to data from CryptoQuant. The metric shows that outflows rose from 163 billion tokens on March 21 to 185 billion on March 22. Subsequently, the figure surged sharply to approximately 497.75 billion tokens yesterday, March 23.

Shiba Inu Exchange Outflows
Shiba Inu Exchange Outflows

Notably, rising outflows typically signal strong accumulation, as investors move SHIB from exchanges into private wallets for long-term holding, thereby reducing immediate selling pressure.

Conversely, declining outflows, such as the dip observed between March 21 and 22, indicate weaker accumulation. In such cases, more tokens remain on exchanges, where they remain liquid and readily available for potential selling.

While short-term momentum appears to be improving, the underlying technical signal suggests that caution remains warranted as bearish pressure could re-emerge.

XRP Completes Wave 4 of 3-Year Elliott Wave Structure, with Upcoming Wave 5 Targeting $8.5

Mark Brennan
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XRP Completes Wave 4 of 3-Year Elliott Wave Structure, with Upcoming Wave 5 Targeting $8.5

XRP has completed Wave 4 of a multi-year Elliott Wave structure, with the upcoming Wave 5 targeting a new all-time high above $8.

The ongoing market downturn has continued to impact asset prices, as XRP struggles to record a breakthrough above the current lows. However, data shows the turbulence has led to XRP completing the Wave 4 of a 3-year Elliott Wave structure, with Wave 5 eyeing new highs.

Key Points

  • The current market downtrend has impacted XRP’s price position, leading to a 61% decline from the $3.6 peak to the current price of $1.4.
  • These persistent declines have now resulted in the completion of the corrective Wave 4 phase of a multi-year Elliott Wave structure.
  • The Elliott Wave structure started forming in January 2023, with XRP recovering from the $0.29 low during Wave 1.
  • Wave 1 ended with a peak of $0.93 in July 2023, Wave 2 closed with a low of $0.38 by July 2024, and Wave 3 ended at the $3.4 high in January 2025.
  • Following the recent completion of Wave 4, chart data indicates that the upcoming Wave 5 could push XRP to an all-time high of $8.5.

Current XRP Downturn Part of the Plan

This is according to a market exposition provided by Dark Defender, a prominent analyst, as XRP struggles to rebound above current lows. These struggles led to a recovery push earlier this month, with XRP reaching a peak of $1.6 last week before pulling back to the current price of $1.4.

While the recent correction has again dealt a blow to investor confidence, Dark Defender has maintained optimism. According to him, XRP has continued to follow his structure despite the ongoing downward price action that began in Q4 2025. 

In fact, the downtrend was actually part of the plan, as data points to a multi-year Elliott Wave structure on the 1-week chart that began in early 2023 and continued to guide XRP’s price action over the last three years.

The XRP Elliott Wave Structure 

According to Dark Defender’s chart, the Elliott Wave structure started after XRP collapsed to the $0.2996 low in January 2023 during the bear market of that time. From here, Wave 1 began, leading to a recovery push from the crypto asset. This first wave ended when XRP rose to $0.93 in July 2023 following the key ruling in the SEC case.

From here, the pullback that followed aligned with the start of the corrective Wave 2, which pulled prices back below the $0.5 point. Notably, the XRP price collapsed to a low of $0.3814 in July 2024, and this culminated in the completion of Wave 2. 

XRP Elliott Wave Structure Dark Defender
XRP Elliott Wave Structure | Dark Defender

Expectedly, Wave 3 began immediately after. XRP’s November 2024 explosive surge occurred during this Wave 3 rally, leading to a peak price of $3.4 by January 2025. This aligned with the end of Wave 3, with the downtrend that began leading to Wave 4, which has now reached its end at current prices.

Wave 5 Targets $8.5

Amid the current downturn, XRP recently retested the support at a lower ascending trendline that has acted as a cushion against steeper declines. The trendline took shape after the July 2024 low, with XRP seeing higher lows since then. The retest at this trendline saw XRP defend the support around $1.1, which may have marked the completion of Wave 4.

With Wave 5 on the verge of taking shape, Dark Defender has already presented targets for this upcoming phase. According to data from his chart, XRP could target $8.5 at the completion of Wave 5. Currently trading for $1.4, this would mark a 507% increase for the token, resulting in a new all-time high.

Miles Franklin CEO Admits Holding XRP, Places It in Top 10% of Investment Pyramid

Abdulkarim Abdulwahab
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Miles Franklin CEO Admits Holding XRP, Places It in Top 10% of Investment Pyramid

Andy Schectman, President and founder of Miles Franklin Precious Metals, has revealed he personally holds XRP.

He describes the asset as part of the speculative “top layer” of his long-standing investment strategy.

In an interview, Schectman expressed a cautious yet open-minded stance on XRP. He noted that while he does not fully understand its long-term outcome, he believes in it enough to allocate capital.

“I believed in it enough to own a little bit… it’s done fairly well,” he explained, adding that the asset remains intriguing despite the uncertainties surrounding its adoption.

Key Points

  • Schectman confirms he holds XRP, placing it in the top 10% of his high-risk, high-reward investment strategy.
  • He views XRP as a speculative bet, allocating only a small portion despite its strong performance so far.
  • His pyramid model prioritizes wealth preservation first, with crypto like XRP reserved for potential outsized gains.
  • Schectman says XRP’s future depends on bank adoption, while cautioning investors against overexposure.

XRP as a Speculative Bet in a Pyramid Strategy

Schectman outlined his investment philosophy using a pyramid structure, an approach he says he adopted from Swiss financial principles.

At the base sit low-risk wealth-preservation assets like real estate, physical gold, and cash, which make up roughly 60% of holdings. The middle layer, about 30%, includes income-generating investments such as bonds and dividend-paying stocks.

At the top 10%, where Schectman places XRP, are high-risk, high-reward plays like cryptocurrencies and mining stocks.

According to him, this top layer is where investors can generate outsized returns, even though it carries the highest uncertainty.

He emphasized that gains from this segment can sometimes outweigh the performance of the remaining 90% of the portfolio, but warned against overexposure.

Institutional Adoption Remains Key

Schectman suggested that XRP’s long-term success hinges largely on whether banks and financial institutions adopt it.

“If it’s going to take, it’s going to be because the banks embrace it,” he noted, reinforcing a popular view in the XRP community.

Despite his allocation, he admitted that digital assets still make him uneasy. In particular, he describes them as speculative and unfamiliar compared to traditional stores of value like gold.

Consistent Yet Cautious Bull Case

Meanwhile, this is not the first time Schectman has expressed optimism about XRP. In earlier commentary with Versan Aljarrah of Black Swan Capitalist, he described XRP as a potential pathway to significant wealth, even for investors with modest capital.

However, his latest remarks strike a more balanced tone, highlighting the opportunity and the risk.

By placing XRP in the top 10% of his investment pyramid, Schectman effectively frames it as a calculated gamble that could deliver outsized gains, but should remain a small portion of a well-structured portfolio.

XRP Price on Its Way to $0.87 if It Fails to Break This Resistance

Mark Brennan
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XRP Price on Its Way to $0.87 if It Fails to Break This Resistance

If XRP fails to break and hold above the mid-February resistance area, the price could correct further toward the $0.87 low.

XRP’s recent price action shows weakness after peaking around $1.6 on March 17. The asset has since trended downward, breaking key trendlines and losing its structural support. Notably, the current movement is part of a broader ABC sub-wave within a broader Wave 2 structure. 

After completing sub-wave A at $1.43, the price is expected to drop toward $1.40 to $1.41 for sub-wave B before a final push to $1.51 in sub-wave C. However, unless XRP breaks and holds above $1.65, the overall structure points to a larger Wave 3 decline toward $0.87. The last time XRP retested $1.65 was in mid-February.

Key Points

  • XRP peaked near $1.6 on March 16 before entering a downtrend that led to a low around $1.40 on March 24.
  • Price has broken below a key consolidation trendline and now trades under two major trendlines.
  • The current recovery is part of a Wave 2 ABC bounce, with sub-wave A reaching $1.43, and the current sub-wave B expected to drop to $1.40.
  • Data shows a possible recovery to $1.51 for sub-wave C, aligning with key Fibonacci resistance levels and the end of Wave 2.
  • If XRP completes Wave 2 at $1.51 to $1.55 and fails to breach $1.65, the corrective Wave 3 could push prices to a low of $0.87.

XRP Still Weak Despite Wave 2 Bounce

Market analyst Casi shared this data while analyzing XRP’s short-term price movements. Notably, the data shows XRP has been trading within a 3-wave structure on the short-term 15-minute timeframe since hitting the $1.6 high on March 17.

After this peak, XRP saw sustained declines amid the ensuing pullback, eventually dropping to a low of $1.36 by March 23. This marked the end of the corrective Wave 1. Now, XRP trades within the Wave 2 bounce, which in itself features a smaller ABC sub-structure. 

The A sub-wave pushed prices to a high of $1.43 earlier today, March 24. With sub-wave A now complete, XRP has slipped into sub-wave B. Casi expects this next step to push the price down to the $1.40 to $1.41 range. This area aligns with a key support zone and also sits close to the 0.5 Fibonacci level at $1.4136.

XRP Still Weak Below Key Trendlines

Meanwhile, the chart shows a projected move down into this zone before any further rise. At the same time, the RSI indicator is still trending upward, with readings around 59, and a clear rising trendline. 

XRP 15m Chart Casi Trades
XRP 15m Chart | Casi Trades

This suggests the bounce still has some strength. However, Casi warned that once this RSI trendline breaks, the upward momentum will likely end, and a stronger drop could begin.

Right now, the structure looks weaker because XRP is trading below two key trendlines. It has already broken under a consolidation trendline that had held for weeks. That same line is now acting as resistance. 

In addition, price sits below both the descending resistance line and the ascending support line. Casi pointed this out, explaining that the loss of this trendline support is a strong sign that the market is still leaning bearish.

Failure to Break $1.65 Keeps $0.87 in Focus

If XRP holds above $1.40 for the B sub-wave, the chart points to one more move higher in sub-wave C. This final leg could take price into the $1.51 to $1.55 range, which would complete the full Wave 2 correction. This target zone is important because it matches several resistance levels, including the 0.618 Fibonacci level at $1.5141 and the 0.786 level at $1.5551.

This same area also acted as resistance earlier, when XRP struggled before breaking down. As a result of this, the zone between $1.51 and $1.55 stands out as a strong barrier. Casi believes this is where the current bounce could end if the broader trend remains unchanged.

Casi clarified that the bearish outlook only changes if XRP can break above $1.65 and stay there. This level sits near a higher resistance zone and aligns with a broader Fibonacci level around $1.6352. Without a strong move above this area, the market structure remains bearish.

If XRP fails to break this resistance and completes the Wave 2 pattern, the next move would likely be a Wave 3 drop. The chart shows this as a sharp decline that could push the price well below recent lows. Casi’s main downside target is $0.87, which she sees as the next major support level.

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