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Ethereum Price Analysis for Mar 17: ETH Bears Pause Rally but Bulls Target $2,337 and $2,538

Maxwell Mutuma
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Ethereum Price Analysis for Mar 17: ETH Bears Pause Rally but Bulls Target $2,337 and $2,538

Ethereum shows strength as bulls maintain control despite selling pressure, with momentum holding while price tests resistance.

Notably, Ethereum (ETH) trades around $2,324.43, up 3.2% over the past 24 hours, after moving within a $2,242.08 to $2,377.64 intraday range. The chart shows ETH building steady upward momentum through most of the session, climbing from the low $2,240s to a peak near $2,375 before pulling back. 

Even with that retracement, price has remained well above the day’s low, which suggests buyers are still defending the broader move. In the near term, $2,375–$2,380 stands out as the immediate resistance zone, while $2,300–$2,325 now acts as the first support area, followed by stronger support near $2,240. 

But after this pullback from intraday highs, can Ethereum gather enough momentum for another breakout?

Can Ethereum Break Out?

On the technical end, Ethereum is showing a strong bullish extension on the daily chart, with price breaking above the upper Bollinger Band near $2,287. This move signals expanding upside momentum and strong buying pressure, but the latest candle also shows bears trying to push ETH back inside the band.

Ethereum Price Prediction
Ethereum Price Prediction

In technical terms, a breakout above the upper band often reflects strength, yet it can also mark a short-term overextension if buyers fail to sustain follow-through. That makes the $2,287 area the first key level to watch, as a drop back below it would suggest the breakout is losing strength.

At the same time, the Awesome Oscillator remains firmly in positive territory, and its green histogram bars are still building, which shows bullish momentum is intact for now. The broader structure has improved after ETH reclaimed the Bollinger mid-band near $2,058, and as long as price stays above the upper band or quickly reclaims it after any dip, bulls can keep control. 

However, if sellers succeed in forcing ETH back inside the Bollinger range, the market could shift into a cooling phase or short-term consolidation before the next directional move.

Market Analyst Talks

Crypto analyst Ali Martinez noted that Ethereum has confirmed a bullish breakout after successfully clearing the $2,152 resistance level, a zone that had previously capped upside attempts. According to his analysis, this move signals a clear shift in market structure, with buyers now in control.

Ethereum 4h Chart Ali Martinez
Ethereum 4h Chart | Ali Martinez

Martinez highlighted $2,337 and $2,538 as the next key upside targets, suggesting that if momentum holds, Ethereum could continue expanding its current rally. 

XRP Beats Bitcoin, Ethereum in South Korea as Spot Volume Spikes 115%

Elendu Benedict
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XRP Beats Bitcoin, Ethereum in South Korea as Spot Volume Spikes 115%

XRP spot volume has more than doubled in the past 24 hours, highlighting the heightened market activity involving the coin.

Data from Coinglass shows that the XRP spot volume climbed a staggering 115% to $1.84 billion in the past day. The volume uptick coincided with a price increase, pushing the coin to a high of $1.60 on Tuesday.

Key Points

  • XRP spot volume has more than doubled in the past 24 hours, highlighting the heightened market activity involving the coin.
  • Upbit dominated the volume heatmap in the past 24 hours, accounting for $449.4 million of the total volume.
  • XRP accounts for 18.06% of Upbit’s total $2.54 billion 24-hour volume, trouncing Bitcoin’s 11.57% and Ethereum’s 9.64%.
  • Several exchanges have seen a net outflow over the past 24 hours, suggesting that market participants are withdrawing their XRP.
  • The derivatives market is also rekindling interest in XRP, as evidenced by the growth in futures volume and open interest (OI).

XRP Spot Volume Breakdown

Coinglass data further breaks down the source of this strong market participation. Per the analysis, South Korea’s largest crypto exchange, Upbit, has dominated the volume heatmap in the past 24 hours. The platform accounts for $449.4 million of the total volume, after marking a 131.6% uptick in XRP-tied spot trading activity in the past day.

Interestingly, CoinGecko shows that Upbit has recorded an 80.6% rise in 24-hour trading volume to $2.54 billion. XRP accounts for 18.06% of this total volume, trouncing Bitcoin’s 11.57% and Ethereum’s 9.64%. This reemphasizes the level of interest XRP receives from South Korea and the broader Asian market.

XRP Volume on Upbit/CoinGecko
XRP Volume on Upbit/CoinGecko

After Upbit, Binance comes next with a 24-hour trading volume of $404 million, up 95% in the past day. Others, like Coinbase and Bybit, also account for a large share of XRP’s trading volume, at $283 million and $114.3 million, respectively.

What Could Happen as XRP Volume Explodes

This is particularly interesting because spot volume usually shows increased market attention towards an asset. When this aligns with a price uptrend, it suggests that the growth is fueled by real ecosystem traction, paving the way for further upside in price.

For XRP, the spot volume growth signifies that buying pressure is active. If this persists, it could be the catalyst for a sustained price move higher. XRP has already shown this prospect with its 14% increase in 48 hours to $1.60, highlighting how market activity and broader momentum can spark major price shifts.

Net Inflow Strengthens Accumulation

Meanwhile, the Coinglass net inflow heatmap also highlights growing accumulation efforts among spot holders. Several exchanges have seen a net outflow over the past 24 hours, suggesting that market participants are withdrawing their XRP from these platforms rather than depositing it.

Upbit leads this shift to self-custody with a $26.80 million net outflow in the past 24 hours. Coinbase and Gate also saw negative net flows of $9.85 million and $3.40 million, while Binance saw net inflows of $6.18 million.

XRP Net Inflow and Volume Heatmap/Coinglass
XRP Net Inflow and Volume Heatmap/Coinglass

OI and Futures Volume Increase Signals Derivative Interest

Notably, the derivatives market is also rekindling interest in XRP, as evidenced by growth in futures volume and open interest (OI). Data shows that XRP open interest grew 3.45% in the past 24 hours to $2.87 billion.

Additionally, the XRP futures volume spiked 80.3% in the past 24 hours to $7.31 billion. With the taker buy volume slightly higher at 50.36%, the futures volume is positively skewed, with long bets exceeding short bets.

Putting all of these together highlights the positive sentiment around XRP. With network activity hitting a 5-week high on Monday, optimism about further price growth remains high among market analysts.

Saylor Calls Bitcoin Digital Capital That Can Withstand AI Disruption

Zabi
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Saylor Calls Bitcoin Digital Capital That Can Withstand AI Disruption

Michael Saylor, executive chairman of Strategy, has suggested that Bitcoin may emerge as a key beneficiary of artificial intelligence-driven disruption.

Specifically, in a post on X, Saylor argued that if AI weakens long-term business advantages, capital will shift toward assets with minimal disruption risk.

He described Bitcoin as “digital capital” that is scarce, neutral, and resistant to technological change. In this context, Saylor believes BTC could become a primary destination for capital as financial markets adapt to an AI-driven environment.

Key Points

  • Saylor calls Bitcoin “digital capital” that is scarce, neutral, and resistant to AI-driven disruption.
  • He predicts AI could erode long-term business advantages, shifting investment toward low-disruption assets.
  • Bitcoin’s fixed supply and decentralized architecture make it a potential safe haven for future capital.
  • Chamath Palihapitiya argues AI may compress corporate cash flows, challenging long-term valuation models.
  • Quantum computing poses risks, but Saylor notes all digital systems—not just Bitcoin—would need upgrades.
  • Even a partial revaluation of long-term assets (30–40%) could significantly alter global capital allocation.

AI’s Impact on Long-Term Value Sparks Debate

Saylor’s remarks were a direct response to a thesis from Chamath Palihapitiya that challenges a core assumption in modern finance. Traditionally, valuation models rely on the idea that companies can sustain competitive advantages over long periods through brand strength, network effects, and market dominance.

However, Palihapitiya argues that rapid advances in AI may erode those advantages far faster than markets anticipate. Consequently, in his view, corporate cash flows could compress into much shorter timeframes, reducing the relevance of long-term valuation frameworks.

If this scenario materializes, market behavior could shift materially. Equity prices may depend more on present earnings than projected future growth, a notable break from prevailing investment practice.

Shift in Capital Allocation

Given this potential shift, the conversation naturally turns to where capital might flow next. In this regard, Saylor contends that investors will likely favor assets that are less exposed to continual technological disruption. Specifically, he argues that Bitcoin fits this profile because of its fixed supply and decentralized architecture.

Moreover, this perspective aligns with the broader implications of Palihapitiya’s thesis. For context, his analysis suggests that capital may also migrate toward tangible and low-risk assets, such as infrastructure and short-term government bonds. Taken together, these ideas point to a reallocation of capital away from high-growth, long-duration investments.

Quantum Risks and Broader Implications

As the discussion developed, attention shifted to potential technological risks. Palihapitiya noted that Bitcoin would need to be resilient against future quantum computing threats. This raises questions about the long-term security of digital assets.

In response, Saylor broadened the argument beyond Bitcoin alone. Specifically, he stated that if quantum computing can break cryptographic systems, it would affect the entire digital ecosystem. This includes AI platforms, banking systems, and internet infrastructure. According to him, any such disruption would require coordinated upgrades across all systems.

Turning Point for Investment Strategy

Overall, these perspectives highlight a possible turning point in financial strategy. If AI reduces long-term predictability, traditional investment models may lose their foundation. Growth-focused approaches, in particular, could face significant challenges.

Importantly, Palihapitiya emphasizes that even a partial shift would be meaningful. For instance, a reduction in long-term value assumptions by 30–40% could reshape global markets.

Within this evolving landscape, Saylor’s argument places Bitcoin at the center of the discussion. His view reflects a broader reassessment of how capital may be allocated in an era increasingly shaped by artificial intelligence.

Solana Price Analysis for Mar 17: SOL Bulls Defend $94, but Can SOL Break Above $97?

Maxwell Mutuma
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Solana Price Analysis for Mar 17: SOL Bulls Defend $94, but Can SOL Break Above $97?

Solana holds above key support as buyers defend recent gains, while resistance overhead continues to limit the latest breakout attempt.

Solana (SOL) is changing hands around $94.53, up 0.9% over the past 24 hours, after moving within a $92.71 to $97.26 intraday range. SOL is climbing steadily through the session before peaking above $97 shortly after midnight, then pulling back. 

Despite that retracement, the token avoided a deeper breakdown and rebounded from the $93.5–$94.0 area, suggesting buyers are still defending near-term support.

The current structure points to short-term consolidation with a mild bullish bias. SOL remains below the session high, so $96.5–$97.3 now stands out as the immediate resistance zone, while $93–$94 serves as the key support range. 

Broader performance metrics also show underlying strength, with SOL up 9.5% over seven days and 10.4% over 14 days.

Where’s Solana headed?

On the technical side, the Auto Fib setup shows SOL reclaimed the 0.382 ($83.96) and 0.236 ($87.80) levels during the recovery. It then briefly pushed above the 0 Fibonacci extension level near $94.01 before slipping back. 

Solana Price Analysis
Solana Price Analysis

That move suggests a breakout attempt, but the failure to hold above it points to seller pressure in the $94 to $97 area. This is especially after today’s candle printed a high above $97 and then pulled back toward $94.60.

As long as the price stays around or above the $94 area, bulls still have a chance to turn that former ceiling into support and make another push higher. If SOL loses momentum and falls back under that zone decisively, the chart opens room for a pullback toward $87.80 first, with $83.96 and $80.86 as the next major support bands. 

Meanwhile, the ADR at 4.771 is trending lower, which shows daily volatility is cooling and suggests the next breakout may need stronger momentum to sustain follow-through.

Solana OI-Weighted Funding Rate

Solana’s OI-weighted funding rate shows a market that has recently shifted from persistent bearish positioning to a more balanced, but still fragile, bullish structure.

From March 6 to March 14, funding stayed negative for long stretches, which signaled that short positions were paying longs and that bearish sentiment dominated derivatives activity. 

Solana OI-Weighted Funding Rate
Solana OI-Weighted Funding Rate

However, the metric flipped positive several times from March 12 onward and stayed elevated for a notable stretch into March 16.

That said, the latest move on the chart shows funding slipping back below zero after that positive run, which suggests bullish conviction has started to cool near recent highs.

Evernorth Chief Says Massive Potential Ahead as XRP Adoption “Just Getting Started”

Abdulkarim Abdulwahab
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Evernorth Chief Says Massive Potential Ahead as XRP Adoption “Just Getting Started”

The narrative around XRP is shifting toward long-term use by major institutions, with signs that it may still be early in its growth.

In a recent XRPL Japan Live Space, Evernorth’s Chief Business Officer, Sagar Shah, said XRP has “a massive amount of potential” in global finance and could be used across many industries.

Key Points

  • Evernorth’s Sagar Shah says XRP adoption is still early, with massive long-term potential across global finance use cases.

  • XRP could become core financial infrastructure, especially in cross-border payments worth over $150T annually.

  • Regulatory clarity in the U.S. and Europe is unlocking institutional demand and driving inflows into XRP-linked products.

  • Evernorth plans to build an XRP treasury strategy that generates yield while supporting DeFi growth in the XRPL ecosystem.

XRP as Core Financial Infrastructure

Shah described XRP as becoming “structural to finance,” particularly in the global payments industry. He highlighted cross-border payments as a key opportunity, noting the market exceeds $150 trillion annually. Yet this enormous market remains inefficient and costly under traditional systems.

According to him, high fees and slow settlement times on legacy rails create a strong case for blockchain-based alternatives like the XRP Ledger, which offers faster, cheaper transactions.

Regulatory Clarity and Institutional Entry

A major factor driving optimism is improving regulatory clarity. Shah pointed to the end of the Ripple lawsuit with the SEC and ongoing efforts to establish the Clarity Act to regulate crypto in the U.S. as supportive frameworks for XRP. Moreover, he cited MiCA in Europe as another step toward regulatory clarity for crypto.

This clearer regulatory environment appears to be unlocking institutional participation. Shah referenced growing interest from major financial players, including reports that Goldman Sachs holds approximately $150 million in XRP ETFs. He also mentioned broader inflows into these products surpassing $1 billion in the second half of the year.

Evernorth’s XRP Treasury Strategy

At the center of this institutional shift is Evernorth’s treasury approach. The firm plans to accumulate XRP and deploy it across the XRPL ecosystem to generate yield while supporting decentralized finance development.

This aligns with earlier remarks from CEO Asheesh Birla, who noted that institutional DeFi infrastructure on the XRP Ledger has reached a point where traditional finance can begin moving on-chain at scale.

Evernorth aims to play a dual role: generating returns on its XRP holdings while injecting liquidity into emerging XRPL protocols. The company also intends to support the network more directly by running validators and contributing to new technical standards.

“Adoption Is Just Getting Started”

Despite the growing momentum, Shah emphasized that the market remains early in its lifecycle. He pointed to the combination of regulatory clarity, institutional capital inflows, and expanding use cases as signals that XRP’s adoption curve is only beginning.

Evernorth plans to list on Nasdaq under the ticker XRPN and position itself as a major XRP treasury company, focusing on utility, yield, and deeper ties to global finance.

As these trends come together, holders see XRP not just as a digital asset, but as part of the future financial system.

David Schwartz Says No One Expecting XRP to Reach $1.5 Would’ve Sold for Pennies in 2017

Mark Brennan
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David Schwartz Says No One Expecting XRP to Reach $1.5 Would’ve Sold for Pennies in 2017

David Schwartz, Ripple’s former CTO, has admitted that Ripple executives underestimated the potential of XRP in the early days.

Former Ripple CTO David Schwartz made a series of honest admissions during a recent online discussion, revealing that he and other Ripple executives never truly believed XRP would reach the heights it has today. 

Key Points

  • Schwartz confirmed that back in 2012, he estimated the odds of XRP ever reaching $0.25 at just 1 in 100, and even Ripple’s own investors preferred company equity over XRP allocations.
  • He also revealed that when Bitcoin was trading at $2, he gave it only a 10% chance of ever hitting $100, showing that skepticism ran across the entire crypto industry at the time.
  • He admitted that no one at Ripple believed the company could hold onto so much of the XRP supply and eventually make billions from selling it, at least not until much later.
  • When asked about XRP’s price floor, Schwartz noted that XRP had already climbed to $3 before falling to $0.20, and a drop to the $0.25 to $0.31 range is unlikely but not impossible if it hit $4.

Schwartz Admits He and Other Ripple Execs Underestimated XRP 

The former Ripple CTO made these comments while engaging in discussions around censorship. During the conversation, one investor argued that Ripple did not create XRP out of vision but due to financial need. 

He claimed that Ripple created XRP because they had no money and simply kept selling XRP to stay afloat, eventually buying stakes in other companies and building wealth along the way. 

In response, Schwartz said that if he and his colleagues had known what was coming for XRP with regard to its price appreciation, they would have done many things differently. He confirmed that, to his knowledge, no one at Ripple truly believed the company could hold onto so much of the XRP supply and eventually make billions from selling it.

To show just how low expectations were back then, Schwartz said that in 2012, he would have put the odds of XRP ever reaching $0.25 at roughly 1 in 100. He also noted that even Ripple’s own investors were not betting on XRP as an asset. When given the choice, those investors opted for company equity instead of XRP.

The Skepticism Cut Across the Entire Crypto Market

Schwartz also confirmed that this cut across the entire crypto market. He shared that when he first got into the space, and Bitcoin was sitting at just $2, he thought there was only about a 10% chance it would ever hit $100. This shows that the skepticism was not unique to XRP.

Responding to these comments, a Ripple supporter said Schwartz’s honesty confirmed what many had already suspected, that even the people who built XRP and ran Ripple never truly believed the asset would reach meaningful price levels. 

Schwartz admitted that he and others had underestimated XRP. According to him, if anyone had genuinely believed XRP would be worth $1.50 in 2025, they would never have sold it for a penny back in 2017. He then revealed that he personally sold 40,000 ETH at $1.05 because he thought the price had already topped out. 

Could XRP Still Drop to $0.25 After Hitting $4?

When someone in the discussion asked whether XRP could fall back to the $0.25 to $0.31 range if it ever climbed to $4, Schwartz pointed out that XRP had previously risen to $3 before dropping all the way down to $0.20, so ruling out a similar move would be hard to justify. However, he said such a drop would be unlikely.

Reports show that when early allocations were handed out at Ripple, Schwartz chose company equity over XRP tokens, believing at the time that ownership in Ripple was the better call. He has since admitted that this was probably not the right move, since XRP would have been more liquid than the Ripple shares.

XRP Surpasses $93B Market Cap, Overtakes BNB, Rises 9.85% in 7 Days

Lele Jima
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XRP Surpasses $93B Market Cap, Overtakes BNB, Rises 9.85% in 7 Days

XRP has regained strong momentum, reclaiming a market capitalization above $90 billion and surpassing BNB to rank fourth globally. 

Notably, this renewed strength has boosted investor sentiment, as XRP reclaimed the key $1.5 psychological level and recovered ground lost during the market downturn in February.

Key Points

  • XRP has surged over 9% in the past week, pushing its market cap back above $90 billion.
  • It has also surpassed BNB to become the fourth-largest cryptocurrency globally.
  • XRP now holds a market cap of $93.72 billion, ahead of BNB at $92 billion.
  • Factors such as declining exchange supply may have supported XRP’s recent rebound.

XRP Reclaims $90B Market Cap

This week, XRP staged a strong comeback, benefiting from a broader crypto market recovery that has lifted major assets. Notably, the token has gained more than 9.2% on the weekly timeframe, reversing earlier losses that had pushed its market cap down to around $73 billion in February.

As momentum accelerated, XRP broke above the $90 billion threshold, a level it last held in mid-February. At press time, its market cap stands at approximately $92.7 billion, reinforcing its position as a leading digital asset.

XRP Overtakes BNB to Become Fourth-Largest Token

Moreover, the rally has pushed XRP ahead of BNB, which had maintained the fourth position since last month. This shift underscores XRP’s competitive strength within the crypto market.

However, the margin remains tight. XRP currently holds a valuation of about $93.72 billion, while BNB closely follows at roughly $92 billion, now ranking fifth globally.

XRP Reclaims $90B Market Cap
XRP Reclaims $90B Market Cap

Overall, XRP’s latest performance highlights its resilience and ability to capitalize on improving market conditions, positioning it for further upside if bullish momentum continues.

At the time of writing, XRP trades around $1.53, reflecting a 24-hour gain of 3%, while 9.85% in 7 days. It also stands out as the top gainer among the five largest crypto assets by market cap. In addition, trading activity has surged significantly, with volume jumping 91.33% to approximately $5.19 billion, signaling heightened market participation.

Potential Catalysts Behind XRP Rally

Several underlying factors have supported XRP’s recent surge. Notably, the token’s supply on Binance declined sharply, a sign that often precedes price increases as demand rises.

Furthermore, institutional demand has strengthened through XRP ETFs. According to data from SoSoValue, inflows into XRP ETFs total $1.2 billion. Major financial players such as Goldman Sachs and Jane Street are among the largest participants.

At the same time, on-chain activity has accelerated. The XRP Ledger recently recorded approximately 2.7 million daily transactions, highlighting growing network usage and adoption.

Cardano Forecast for Mar 17: ADA Stuck Below Key Resistance at $0.305 With Bears in Control

Maxwell Mutuma
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Cardano Forecast for Mar 17: ADA Stuck Below Key Resistance at $0.305 With Bears in Control

Leading altcoin Cardano remains under pressure below key resistance as bearish momentum dominates the market.

Cardano (ADA) is trading around $0.284, showing short-term weakness after failing to hold above the $0.292–$0.293 resistance zone. The daily chart highlights a clear rejection at this level, followed by a sharp bearish move that broke the prior sequence of higher lows. 

This shift signals that sellers have regained control in the near term, with price dropping toward the $0.282 support area after losing momentum around $0.288.

If ADA fails to hold $0.282, further downside toward $0.280 becomes likely. However, if buyers defend this level, the price may stabilize and form a consolidation range.

Cardano Price Analysis

Notably, Cardano remains under bearish pressure on the daily chart, with its price below the Supertrend resistance at $0.305, which continues to signal a prevailing downtrend. 

Cardano 1D Chart
Cardano 1D Chart

The structure shows a series of lower highs, confirming that bulls have yet to regain control despite a recent bounce from the $0.24–$0.26 support zone. As long as ADA remains below the Supertrend level, upside attempts are likely to face rejection.

Further, the Advance-Decline Line shows a gradual upward slope, indicating improving market breadth and a potential increase in buying participation. This divergence suggests early accumulation, but it has not yet translated into a confirmed trend reversal. 

A decisive break above $0.305 would be necessary to shift momentum bullish, whereas failure to do so would keep ADA in a bearish-to-neutral consolidation phase.

Cardano Futures Flows

Cardano derivatives data show short-term bearish pressure, with consistent net outflows across lower timeframes. In the past 24 hours, futures recorded a net outflow of $13.79M, as outflows ($302.50M) exceeded inflows ($288.71M).

Cardano Futures Flows
Cardano Futures Flows

The trend is more pronounced on shorter intervals, with $16.62M and $17.16M net outflows over 4-hour and 8-hour periods, respectively. However, the broader picture indicates a shift toward accumulation on longer horizons, with net inflows of $10.77M over 3 days and $12.04M over 5 days.

Robert Kiyosaki Forecasts Gold at $35K and Bitcoin at $750K as “Biggest Bubble in History” Set to Burst

Zabi
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Robert Kiyosaki Forecasts Gold at $35K and Bitcoin at $750K as “Biggest Bubble in History” Set to Burst

Financial educator Robert Kiyosaki has renewed his warning of a potential global financial breakdown, arguing that a major market collapse may be closer than many expect. 

In his view, such a shock would likely trigger sharp gains in alternative assets, particularly gold and Bitcoin, within a relatively short period.

Key Points

  • Kiyosaki warns that a global market collapse could occur sooner than expected.
  • Gold and silver could surge dramatically post-crash, with gold potentially hitting $35,000 per ounce.
  • Bitcoin and Ethereum may see substantial gains, with Bitcoin reaching $750,000.
  • The private credit market could be a possible trigger for the next financial crisis.
  • High global debt and institutional vulnerabilities, including firms like BlackRock, could amplify a downturn.
  • Investors are advised to diversify into safe-haven assets, cryptocurrencies, and tangible investments to mitigate risk.

Bold Predictions Following Potential Crash

Expanding on this outlook, Kiyosaki recently shared striking price projections in a post on X. He suggested that within a year of a market crash, gold could surge to $35,000 per ounce, while silver may climb to $200.

He also anticipates significant upside in digital assets. Bitcoin, he claims, could reach $750,000 per coin, with Ethereum rising to $95,000 over the same timeframe. These projections align with his broader thesis that alternative assets tend to outperform traditional markets in the aftermath of financial shocks.

While outlining these forecasts, Kiyosaki acknowledged that the exact trigger for such a collapse remains unclear. However, he emphasized that a downturn is inevitable and may arrive sooner rather than later.

Concerns Rooted in Past Financial Crises

To support his warning, Kiyosaki pointed to unresolved structural weaknesses stemming from the 2008 Global Financial Crisis. According to him, many of the systemic issues exposed during that period were never fully corrected.

Consequently, he views today’s financial system as inherently fragile, with lingering vulnerabilities that increase the likelihood of another major downturn.

Building on this argument, Kiyosaki identified the private credit market as a potential flashpoint for the next crisis. He cautioned that stress in this sector could trigger a rapid and severe financial shock. 

He also referenced large investment firms such as BlackRock, suggesting that disruptions involving major institutions could further amplify market instability.

Potential Impact on Investors and Economy

If such a scenario unfolds, the consequences could be far-reaching. Kiyosaki warned that retirement savings, particularly those of baby boomers, could suffer substantial losses. At the same time, elevated global debt levels may exacerbate financial instability, compounding the effects of any downturn.

Taken together, these risks could significantly deepen the impact of a future crisis.

Investment Strategy for Uncertain Times

In light of these concerns, Kiyosaki urged investors to prepare proactively. His approach centers on assets that may preserve value during periods of economic stress.

His strategy includes traditional safe-haven assets like gold and silver. He also highlighted cryptocurrencies such as Bitcoin and Ethereum. Beyond that, he suggested tangible investments, such as stakes in operational oil wells, as part of a diversified strategy to navigate uncertain financial conditions.

XRP Ledger Hits 7.7 Million Holders for the First Time in Its 13-Year History

Elendu Benedict
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XRP Ledger Hits 7.7 Million Holders for the First Time in Its 13-Year History

The XRP Ledger has set a new record regarding the number of XRP holders as network activity on the blockchain reignites to multi-week highs.

Traction towards XRP, the fourth-largest cryptocurrency by market cap, and the XRP Ledger, its native network, has ticked up lately. As its price rebounded, holders grew considerably, and active users climbed to levels last seen several weeks ago.

Key Points

  • Traction towards XRP, the fourth-largest cryptocurrency by market, and the XRP Ledger, its native network, has ticked up lately.
  • Data shows that the number of non-empty addresses on the XRP Ledger surged to 7.7 million on Monday, the highest in its 13+ year history.
  • Concurrently, the number of active addresses on the XRP Ledger reached 46,767, the highest level of user participation in the past five weeks.
  • Over the last 48 hours, XRP has surged 14% to reclaim $1.60 before slightly sliding, reflecting the growing network activities.

XRP Ledger Non-Empty Wallets Hit New ATH

Data from the market analytics platform Santiment showed that the number of non-empty addresses on the XRP Ledger has surged to an unprecedented level. This metric surged to 7.7 million wallets on Monday, the highest level of adoption seen in the Ledger’s over 13-year history.

Notably, the number of holders on the Ledger has been steadily increasing, as users continue to create new non-empty wallets. This persisted even during periods of market downturns, suggesting they were capitalizing on dips to buy native tokens at a discount. Eventually, it reached the reported ATH of 7.7 million holders, confirming the strong traction towards XRP.

Active Addresses Hit 5-Week High

Concurrently, the number of active addresses on the XRP Ledger also surged on Monday. Santiment reported that it reached 46,767 addresses, the highest amount of user participation in the past five weeks.

XRP Ledger Hits 5-Week High in Active Addresses/Santiment
XRP Ledger Hits 5-Week High in Active Addresses/Santiment

This dates back to early February, when the number of active daily wallets climbed following XRP’s drop to a 15-month low of $1.11. After the dip-buying, network activity slowed, coinciding with the token’s consolidation. 

As prices began to regain ground, users slowly returned to the network. At the close of Monday, the daily active users on the network climbed to the multi-week high, confirming strong utility.

Renewed Traction Drags XRP Price Higher

Santiment highlighted that this renewed network activity on the Ledger has been evident in the XRP price. In the past 48 hours, the coin surged 14% to reclaim $1.60 before slightly sliding. This bullish push also saw it reclaim fourth place in the market cap ranking, displacing its former occupant, BNB.

Looking back further, XRP has rebounded considerably from its February 6 low of $1.11. At $1.60 and the current market price of $1.52, it has grown by 38% and 45%, respectively, highlighting the benefits of buying the dip.

Meanwhile, some analysts consider this modest compared to what lies ahead for the XRPL native token. With its supply on exchanges thinning out and demand returning, market observers are predicting a rally to a new all-time high of $8.6 before the end of the year. However, this remains speculative, and there is no guarantee it would happen.

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