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Michael Saylor Buys Bitcoin as Strategy Holdings Top 720,000 BTC

Zabi
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Michael Saylor Buys Bitcoin as Strategy Holdings Top 720,000 BTC

Michael Saylor has signaled that additional Bitcoin purchases are on the way, reinforcing Strategy’s aggressive accumulation plan.

He shared the update on X on Tuesday while Bitcoin was rebounding from a brief dip. Earlier in the session, the cryptocurrency slipped below $66,500 before recovering steadily.

At the time of writing, it was trading near $68,408, up 5.4% over the past seven days, according to CoinGecko. The price rebound formed the backdrop to Saylor’s renewed buying signal.

Against this market setting, Strategy (formerly MicroStrategy) continues to anchor its corporate approach around Bitcoin. Specifically, the enterprise software company has positioned the digital asset as its primary treasury reserve, making it the largest corporate holder of Bitcoin globally.

Key Points

  • Saylor indicated on X that Strategy plans to continue buying Bitcoin, signaling ongoing corporate accumulation.
  • Last week, Strategy purchased 3,015 Bitcoin for ~$204.1 million, at an average price of $67,700 per coin.
  • Total holdings now total 720,737 Bitcoin, valued at roughly $47.5 billion, making Strategy the world’s largest corporate holder.
  • Purchases are funded via equity sales, including $229.9 million from MSTR shares and $7.1 million from STRC shares, with billions more authorized for future issuance.
  • Despite short-term unrealized losses (~$7.3 billion), Saylor reiterated a long-term commitment, planning quarterly Bitcoin purchases indefinitely and maintaining sufficient reserves for dividends and debt obligations.

Latest Purchase Expands Bitcoin Treasury

In line with that model, Strategy disclosed a new acquisition last week. The company purchased 3,015 Bitcoin for approximately $204.1 million, paying an average price of $67,700 per coin.

With this addition, total holdings climbed to 720,737 Bitcoin. At current market levels, those holdings are valued at roughly $47.5 billion. However, the company’s average purchase price stands at $75,985 per Bitcoin. In aggregate, Strategy has spent about $54.8 billion on Bitcoin, including fees and related expenses.

Relative to Bitcoin’s fixed supply of 21 million coins, the company now controls just over 3.4% of the eventual total. Based on current prices, the position reflects approximately $7.3 billion in unrealized losses. Even so, the firm has continued to increase its exposure.

Equity Sales Power Continued Buying

To finance these purchases, Strategy has relied heavily on the equity markets. Specifically, it used proceeds from at-the-market sales of its Class A common stock, MSTR, and its perpetual Stretch preferred shares, STRC.

In the past week alone, the company sold 1,730,563 MSTR shares, generating about $229.9 million in proceeds. As of March 1, approximately $7.6 billion worth of MSTR shares remained available for issuance under the same program.

During the same period, Strategy sold 71,590 STRC shares, raising around $7.1 million. In addition, the company disclosed that $3.5 billion worth of STRK shares remain authorized for future issuance and sale. Collectively, these programs provide substantial capacity to fund further Bitcoin acquisitions.

Long-Term Commitment to Bitcoin

Saylor’s recent comments are consistent with remarks he made during a CNBC interview last month. In that appearance, he said Strategy does not intend to sell its Bitcoin holdings in the foreseeable future. Instead, he emphasized that the company plans to continue purchasing Bitcoin every quarter indefinitely.

When asked about the risk of a prolonged market downturn, Saylor remained confident. He said that even if Bitcoin were to decline 90% for four years, the company would refinance its debt.

He also stated that Strategy holds sufficient cash reserves to pay dividends on its Bitcoin-backed high-yield perpetual preferred shares, such as STRC, and to meet debt obligations for more than two years.

Looking further ahead, Saylor expressed strong conviction in Bitcoin’s performance. In the CNBC interview, he said he expects the cryptocurrency to generate returns double or triple those of the S&P 500 over the next four to eight years.

XRP Next Target Will “Retire My Entire Bloodline”: Analyst

Abdulkarim Abdulwahab
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XRP Next Target Will “Retire My Entire Bloodline”: Analyst

A widely followed XRP market analyst says the current setup on XRP could be powerful enough to “retire his entire bloodline.”

The analyst, known as JayDee on X, revealed that XRP is showing a strong hidden bullish divergence on the monthly timeframe, alongside what he described as a textbook retest of a seven-year trendline.

According to his analysis, if Bitcoin dominance begins to fall meaningfully, XRP could enter its next major expansion phase and push its price into what he labels as a “green box” take-profit zone.

Key Points

  • An XRP analyst says a hidden bullish divergence signals potential trend continuation.

  • XRP has retested a seven-year ascending trendline as strong long-term support.

  • A drop in Bitcoin dominance could trigger XRP’s next major expansion phase.

  • The projected target implies a market cap near $325 billion, or roughly $5.32 per XRP.

Hidden Bullish Divergence and 7-Year Retest

On the chart shared, XRP’s market structure shows a long-term ascending trendline stretching back about seven years (since around 2019). Over time, it has formed higher support levels, with both pullbacks and strong rallies along the way.

Recently, XRP retested this long-term trendline as support. At the same time, the RSI shows a hidden bullish divergence. Notably, a hidden bullish divergence is when market prices make a higher low while the RSI indicates a lower low. This typically suggests underlying strength, even if the market appears weak.

XRP Target to “Retire Entire Bloodline”

JayDee believes this combination of strong support and bullish divergence could lead to the next major upward move, especially if Bitcoin dominance declines.

He noted that his next profit-taking target will be triggered when BTC dominance falls. JayDee added that if the projection plays out in this cycle, it would be life-changing. If not, he believes the move could unfold in the next cycle instead.

From the chart, the analyst projects XRP’s market cap soaring to nearly $325 billion. From today’s valuation of $83 billion, this would represent approximately a 4x gain for XRP.

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For context, a $325 billion market cap would imply an XRP price above $5.32 based on the current circulating supply of 61.09 billion tokens. XRP is currently trading at $1.35, down 30% over the past eight weeks.

“Pink Box” Scenario Remains

However, JayDee also cautioned that a lower “pink box” scenario remains possible. He has previously described this pink zone as a “calculated crash,” or a deep pullback he would treat as the next major accumulation opportunity for the next bull cycle.

Importantly, he stressed that even if XRP drops into the pink box first, the hidden bullish divergence on the monthly timeframe would remain intact.

In short, he sees either immediate continuation toward major upside targets or a final shakeout before a larger multi-year expansion.

Other Analysts on Bitcoin Dominance

JayDee’s thesis aligns with broader community expectations that a major decline in Bitcoin dominance could trigger a powerful altcoin rotation.

In February, analyst Dark Defender argued that a historic drop in Bitcoin dominance could mirror the 2017 cycle. During that period, Bitcoin dominance fell from around 95% to near 37%, while XRP surged over 70,000%, from $0.0055 to $3.84.

This cycle, XRP has already climbed more than 600%, from $0.49 to $3.66 at its 2025 peak. However, Bitcoin dominance has not yet experienced a dramatic structural breakdown.

Dark Defender believes that if dominance weakens significantly into 2026, liquidity rotation into large-cap altcoins like XRP could fuel a second leg higher.

For now, XRP trades roughly 60% below its 2025 high near $3.66, hovering around the $1.30 region. As Bitcoin dominance becomes the key macro variable, XRP holders are now hoping for the long-anticipated altcoin rotation to materialize.

Dogecoin Price Analysis for Mar 4: Is DOGE’s 795% Rally to $0.80 Realistic Amid Persistent Resistance?

Maxwell Mutuma
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Dogecoin Price Analysis for Mar 4: Is DOGE’s 795% Rally to $0.80 Realistic Amid Persistent Resistance?

Dogecoin remains under heavy resistance as bearish pressure lingers, though early momentum signals and a bullish pattern hint at potential reversal.

Dogecoin is changing hands at $0.08937, down 2.8% over the past 24 hours. The 24-hour chart reveals notable intraday volatility: the price opened near $0.0925, dipped as low as $0.08878, spiked above $0.092, and settled near the lower end of its range. 

Over longer horizons, the picture is more challenging: Dogecoin has shed 3.1% in the past week, 11.6% in two weeks, 13.0% in the last 30 days, and a steep 53.9% over the past year. The question investors keep asking is whether this is merely another extended pullback phase or the prelude to something bigger. What could finally ignite the next Dogecoin breakout?

Dogecoin Price Analysis

Dogecoin’s price action remains firmly in a multi-week downtrend, trading well below the Supertrend indicator line at $0.108846. This is a clear bearish signal that has kept sellers in control since late January. 

Dogecoin 1D Chart
Dogecoin 1D Chart

Dogecoin will need a breach of the Supertrend resistance to signal a credible shift from the prevailing bearish structure. Until that flip occurs, downside risks persist toward the $0.088–$0.085 support shelf, where the coin has found temporary footing in recent sessions. 

Yet the MACD is flashing the first tentative signs of a momentum shift. Specifically, the histogram has flipped from red to green bars in the most recent sessions, while the MACD line sits at −0.004250 and has edged just above the signal line at −0.004404. Both lines remain in negative territory, but the divergence suggests weakening downside pressure.

Where’s Dogecoin Headed Next?

In an X post, Trader Tardigrade highlights that Dogecoin has formed the identical bullish Morning Doji Star candlestick pattern on the monthly chart, mirroring previous setups that preceded major reversals. This classic formation signals the conclusion of the ongoing downtrend and the start of a strong shift toward a sustained uptrend for DOGE.

Dogecoin Prediction
Dogecoin Prediction

The monthly chart projection reinforces the bullish outlook, with the pattern’s confirmation pointing to substantial upside momentum along a clear curved path toward a target near $0.8. For Dogecoin to rise from $0.08937 to $0.80, it would need to surge by approximately 795.16%.

XRP Range Trading Continues as Analysts Eye 25% Bounce From Key Support

Elendu Benedict
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XRP Range Trading Continues as Analysts Eye 25% Bounce From Key Support

XRP is consolidating within a price channel, presenting an opportunity for scalp traders looking to leverage the market trend.

Notably, the XRP chart has looked similar to that of large-cap cryptocurrencies in recent days. Instead of the highly volatile price swings recorded earlier, the coin has started to settle around a key support area, presenting a good opportunity for speculators who trade price ranges.

Key Point

  • XRP is consolidating within a price channel, presenting an opportunity for scalp traders looking to leverage the stable market trend.
  • Chart data highlights that XRP has been in a descending wedge on the 4-hour timeframe, shuffling between the structure’s upper resistance and lower support trendlines.
  • There remains a chance that XRP could drop further from here to the channel’s lower support level at $1.2.
  • After this, XRP may pull back to $1.40 or $1.50, an 18% and 25% increase from the wedge’s support at $1.20.

Recent XRP Price Action

Pseudonymous market analyst JimmyTok shared this opportunity in a March 3 TradingView analysis. There, the market watcher shared a 4-hour chart highlighting that XRP has been in a descending wedge, representing a good opportunity for scalpers.

XRP Descending Channel/JimmyTok
XRP Descending Channel/JimmyTok

Usually, an asset in a consolidatory wedge shuffles between the structure’s upper resistance and lower support trendlines, providing an avenue for traders to short and long at each point and benefit from the short-term price swings.

This price trend has been in play since the February 15 peak of $1.67. XRP rallied to the level in a failed attempt to sustain recovery to higher prices. It built this momentum after a February 6 drop to a 15-month low of $1.11, but bears regained control after the $1.67 peak.

From there, XRP entered this range, making lower lows and lower highs. Notably, the last notable swing was an attempt to break out on March 2, when the coin reached a high of $1.42, but resistance in the area neutralized the upward momentum. This has opened up a scalp opportunity.

Scalp Targets

According to the analysis, XRP would drop further from here to the channel’s lower support level. Specifically, this targets a dip to $1.2, representing an 11.76% correction from the current market price of $1.36. This would mark a 23.52% return on a 2x leverage and a 58.8% gain on a 5x leverage for short traders.

After this, the market commentator predicts a pullback to $1.40 or $1.50. This suggests a breakout from the descending channel, as these price levels surpass the upper resistance trendline around $1.37. 

The chart shows that the first target of $1.42, an 18% rise from the channel’s support trendline, is resistance that XRP must overcome to confirm a breakout from the wedge. Breaking this paves the way for a 25% increase from the $1.20 support to $1.50.

However, these targets are solely based on the analyst’s market outlook and do not represent financial advice. There’s no guarantee they will play out as uncertainty continues to ravage the cryptocurrency market. Moreover, XRP has been consolidating, and a break in any direction remains very likely depending on the broader market conditions.

Billionaire Ray Dalio Says Bitcoin Can’t Match Gold’s Safe-Haven Credentials

Zabi
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Billionaire Ray Dalio Says Bitcoin Can’t Match Gold’s Safe-Haven Credentials

Billionaire hedge fund manager Ray Dalio has cast doubt on Bitcoin role as a long-term safe-haven asset, arguing that it lacks the institutional support and structural strengths that underpin gold.

Speaking Tuesday on the All-In Podcast, Dalio pushed back on the popular “digital gold” narrative, outlining why he believes the comparison ultimately falls short.

Key Points

  • Ray Dalio says gold’s established role and central bank adoption make it a stronger long-term store of value than Bitcoin.
  • Bitcoin lacks comparable institutional support, limiting its viability as “digital gold.”
  • The cryptocurrency’s price often correlates with tech stocks, undermining its defensive asset profile.
  • Structural factors, including traceable transactions and potential technological threats, pose risks to Bitcoin.
  • Dalio recommends cautious portfolio allocation, suggesting up to 15% exposure to either Bitcoin or gold. 
  • Recent market divergence shows Bitcoin falling more than 45% from its peak while gold gains over 30%, reinforcing Dalio’s caution.

Dalio Challenges the ‘Digital Gold’ Narrative

During the interview, Dalio emphasized gold’s long-standing position in the global monetary system. He described it as one of the most established forms of money and noted that it remains the second-largest reserve asset held by central banks. In his view, that level of official adoption sets gold apart from other assets.

By contrast, Bitcoin has yet to achieve comparable institutional endorsement. Dalio questioned why central banks would choose to accumulate Bitcoin for long-term reserves.

He suggested there is little incentive for monetary authorities to shift from a time-tested asset to a relatively new digital alternative. This distinction, he implied, weakens the argument that Bitcoin can truly function as digital gold.

Although he has previously acknowledged Bitcoin’s “hard money” traits, Dalio noted that the cryptocurrency often moves in tandem with technology stocks. That correlation, he suggested, undermines its positioning as a defensive asset.

In periods of market stress, investors may be forced to liquidate Bitcoin to meet margin calls or offset losses elsewhere, behavior more typical of risk assets than safe havens.

Structural Concerns: Privacy and Technology

Beyond price behavior, Dalio highlighted structural considerations embedded in Bitcoin’s design. He noted that blockchain transactions are traceable, which, in his assessment, limits financial privacy. While transparency is fundamental to the network’s architecture, it may deter those seeking discreet transactions.

Looking further ahead, Dalio warned about potential technological risks. Specifically, he referenced quantum computing as a possible long-term threat to Bitcoin’s security framework.

Although he did not outline a specific timeline, he framed the issue as a non-trivial risk that investors should monitor.

From Portfolio Allocation to Market Divergence

Interestingly, Dalio’s skepticism does not mean he rejects Bitcoin entirely. In July, he recommended allocating 15% of a portfolio to either Bitcoin or gold to enhance risk-adjusted returns, particularly amid mounting concerns over US debt levels and currency debasement.

In the months that followed, both assets initially moved higher. Between July and early October, Bitcoin and gold posted gains. However, market conditions soon shifted as a broader crypto downturn wiped out nearly $20 billion in leveraged positions, triggering renewed volatility.

Following that sell-off, their paths diverged. Bitcoin has fallen more than 45% from its October peak of $68,420. Over the same period, gold has climbed more than 30%, reaching $5,120. This divergence has reinforced Dalio’s broader argument about their differing roles in portfolios.

Broader Warning on Global Stability

Dalio’s latest remarks are consistent with his wider macroeconomic concerns. Last month, he warned that the US-led world order—dominant for nearly a century—has weakened, citing rising geopolitical tensions and economic instability as drivers of elevated financial risk.

Within that context, Dalio reiterated his preference for tangible stores of value during periods of currency stress. He cautioned that debt-based assets tend to become more vulnerable as uncertainty intensifies and credit systems face strain.

Taken together, Dalio’s position is clear. While Bitcoin may offer diversification benefits, he does not regard it as a substitute for gold within the global financial architecture. In his assessment, gold retains its central role when investors prioritize stability amid systemic uncertainty.

XRP Could Break Below $1 or Rise Above ATH Depending on How It Reacts to This Key Level

Mark Brennan
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XRP Could Break Below $1 or Rise Above ATH Depending on How It Reacts to This Key Level

The XRP price could either break below $1 or rise above its current all-time high, depending on how it reacts to a key level.

XRP has stayed under strong bearish pressure, extending a downtrend that began in October 2025. So far this year, XRP has fallen 26%, as it trades for $1.35, putting it on course for its most bearish performance since the 2022 bear market. 

Market data shows that XRP’s next major move depends largely on how the price reacts at $1.55, with downside risk toward $0.85 if rejection occurs, or upside potential toward $2.2 and beyond if bulls breach the level. The outcome at these levels could determine the direction of XRP’s multi-month trend.

Key Points

  • XRP has declined 26% in 2025 and currently trades at $1.35 after dropping 63% from its $3.66 peak in July 2025, based on market data.
  • Price remains inside a descending channel that began influencing structure after the July 2025 rally from $1.9 to $3.66.
  • XRP’s next major direction would largely depend on how it reacts to the pivotal $1.55 level.
  • If XRP fails to break above $1.55, market data suggests it could retest $1.26, fall toward $1, and potentially sweep the $0.95-$0.85 macro support zone.
  • A successful break above $1.55 would weaken the bearish outlook, while a weekly close above $2.20 would invalidate the descending structure.
  • Whether XRP takes the bearish path or the bullish path, data shows the ultimate target still rests around $7.

The Descending Channel Structure

This is according to an analysis from market watcher EGRAG Crypto. According to him, amid the ongoing downtrend, XRP still trades inside a white descending channel on the weekly timeframe.

Data from his chart shows that since the channel started forming years back, XRP traded below it. Even the explosive rally to $3.31 in January 2018 failed to push XRP into the structure. Likewise, the surge to $3.4 in January 2025 did not move the asset into the channel.

However, after recovering from $1.9 in June 2025, XRP rallied aggressively and reached a peak of $3.66 in July 2025. This rally marked the first time XRP entered the descending channel. 

XRP 1W Chart EGRAG Crypto
XRP 1W Chart | EGRAG Crypto

Since topping at $3.66, XRP has corrected by 63% and now changes hands at $1.35. Despite this steep decline, the price remains inside the descending channel, meaning the pace of the drop has not exceeded the slope of the channel itself. As a result, the broader structure remains intact.

EGRAG said the current momentum was corrective, not impulsive. He believes every move from XRP within the channel represents distribution, not a breakout. Within this structure, the upper trendline acts as resistance while the lower trendline provides support. Only a decisive break above the upper trendline would invalidate the bearish structure and confirm a bullish trend change.

XRP Bearish Scenario

EGRAG then shared two possible paths that XRP could take from here. He argued that XRP’s next major move depends on how the price reacts around the critical $1.55 level. This level will determine whether XRP continues sliding toward sub-$1 territory or flips into a bullish expansion that could eventually lead to a new all-time high.

The first path is a bearish red trajectory that could play out if XRP fails to reclaim $1.55. From the current $1.35 level, he expects XRP to attempt a move toward $1.55. If sellers reject the price below $1.55, this rejection could activate the bearish pathway.

Under this scenario, XRP would first revisit the $1.26 lows before bouncing back to test $1.55. If price faces rejection at $1.55, it could then slide toward $1. After a relief bounce that again stalls at $1.55, XRP could enter a second corrective phase. The second pullback would sweep the macro support zone between $0.95 and $0.85.

However, EGRAG does not see the move to $0.85 as a market collapse. Instead, he calls it a controlled higher-timeframe reset. He assigns a 55% to 65% probability that XRP will face rejection at $1.55 and follow this deeper pullback path.

XRP Bullish Scenario 

For the bullish path, EGRAG emphasized that a decisive break above $1.55 would weaken the red trajectory. If XRP rises to $1.55 and breaks through instead of facing rejection, this move would act as the first trigger against the bearish thesis.

He identified $2.20 as the major invalidation level. Specifically, a weekly close above $2.20 would push XRP above the descending channel, break the descending structure, invalidate the bear thesis, and activate a bullish continuation phase. Such a breakout would indicate a structural change.

EGRAG believes that once XRP clears $2.20, a push toward the $2.7 to $3.6 range could ensue. A sustained move through that zone could even open the path to a new all-time high. He estimates a 35% to 45% probability that XRP will push above $1.55 and initiate this early breakout scenario.

Whether XRP faces rejection at $1.55 and follows the bearish path or breaches $1.55 to follow the bullish path, EGRAG’s chart suggests the ultimate target lies above $7. Taking the bearish path would only make the journey to this target lengthier.

ChatGPT Latest Model Predicts Cardano Price for 2026 Ending 

Lele Jima
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ChatGPT Latest Model Predicts Cardano Price for 2026 Ending 

ChatGPT’s latest model has projected that Cardano (ADA) could reach a fresh all-time high this year.

So far, 2026 has delivered persistent downside pressure across the broader crypto market. Macroeconomic headwinds, including geopolitical tensions, have continued to weigh on major digital assets, including Cardano.

For context, ADA opened the year at $0.3328 but has since declined 21.96% to $0.2597. Although Bitcoin sparked a short-lived recovery this week, ADA failed to sustain bullish momentum.

After briefly approaching $0.30, the token reversed course and slipped back below $0.26. Despite this, several analysts maintain that ADA could still close the year strongly and potentially print a new record high.

Key Points

  • Latest forecasts place Cardano between $0.50 and $3.25 by year-end.
  • A $3.25 price target would mark a new all-time high for Cardano.
  • Cross-chain bridge launches and expanding real-world adoption fuel the bullish outlook.
  • Despite a 20% year-to-date decline, Cardano’s community remains confident in a rebound.

ChatGPT Shares New 2026 Forecast for Cardano

In a post on X, TapTools shared an outlook from ChatGPT that places ADA’s potential 2026 valuation above $3 under favorable market conditions.

The projection ties Cardano’s potential upside to measurable ecosystem progress rather than pure speculation. Specifically, it points to expanding smart contract usage, broader ecosystem growth, and increasing real-world utility as the primary catalysts.

Under a conservative scenario, the model expects ADA to trade between $0.50 and $0.65 by year-end. Even at this modest range, the asset would need to rally roughly 92% to 150% from current levels.

Meanwhile, the neutral forecast places ADA between $1.20 and $2.50, implying gains of approximately 362% to 862%. This scenario assumes that key developments, such as cross-chain bridges and stronger adoption, materialize later this year.

In a bullish case, the AI model projects ADA could climb to between $2.75 and $3.25 by year-end, representing a surge of 958% to 1,151%. If realized, that move would surpass Cardano’s previous all-time high of $3.10, recorded in September 2021.

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Other ADA Forecasts for Year-End

While ChatGPT projects ADA could reach as high as $3.25 by year-end, Changelly expects a more modest peak of $0.729 by December 2026. Similarly, Telegaon estimates ADA could trade around $2.43.

Notably, ChatGPT emphasized that users should not treat its outlook as financial advice, given the industry’s volatile nature.

Is 2026 Shaping Up as a Pivotal Year for Cardano?

Meanwhile, the broader Cardano community remains optimistic about 2026. Founder Charles Hoskinson has described the year as a potential breakout period for ADA and NIGHT. He suggested that Cardano could replicate its strong performance from the 2021 bull cycle if market conditions align.

To drive that growth, Cardano has lined up several major releases. It plans to launch Midnight as a partner chain on the Cardano mainnet. Moreover, it intends to roll out Ouroboros Leios to improve scalability.

In addition, the network aims to integrate Bitcoin and XRP DeFi solutions to attract liquidity from those ecosystems. At the same time, Cardano continues strengthening its DeFi sector, where early momentum has followed the integration of Circle’s USDCx.

Moreover, the project’s 2026 roadmap targets five core priorities, including securing a Tier-1 stablecoin, building cross-chain bridges, and improving pricing feeds and oracle reliability. Supporters believe these initiatives could accelerate adoption and expand network utility.

Shiba Inu Tests Rare Price Levels Seen Only Twice in Three Years

Elendu Benedict
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Shiba Inu Tests Rare Price Levels Seen Only Twice in Three Years

Shiba Inu dropped to price lows that have historically served as bottoms, bringing its potential uptrend back into focus.

The retest came amid selling pressure and macro uncertainties, weighing heavily on sentiment and prices. Following the broader altcoin market’s direction, Shiba Inu (SHIB) corrected to notable price lows on Tuesday, with market participants pondering what’s next.

Key Points

  • Shiba Inu dropped to price lows that have historically served as bottoms, bringing its possible subsequent trend back into focus.
  • The meme coin reached an intraday low of $0.00000526 on March 3, marking its closest attempt to retest its yearly low of $0.00000507 reached on February 6.
  • This yearly low aligned with multi-year price levels that Shiba Inu has only reached twice in three years.
  • Shiba Inu responds to macro trends, positive community sentiment, bullish ecosystem developments, and broader market momentum and liquidity expansion. 
  • A combination of these factors would shape its subsequent price direction.

Shiba Inu Drops but Shows Strength

TradingView data shows that SHIB recorded its sixth consecutive red daily candle on Binance yesterday after a mild, less than 1% correction. But what catches the eye is the token’s intraday low.

For context, the meme coin reached a low of $0.00000526 on March 3, then recovered with the rest of the market and closed at $0.00000548. The low marked its closest attempt to retest its yearly floor of $0.00000507 reached on February 6.

Shiba Inu Daily Chart
Shiba Inu Daily Chart

Meanwhile, this yearly low aligned with multi-year price levels that Shiba Inu has only reached twice in three years. Aside from the early February retest, it last dropped to $0.0000050 in June 2023. What followed was a strong recovery, which turned into sustained bullish price action.

As such, market data suggests this $0.0000050 support is a historic price bottom. With Shiba Inu closing near this area, the conversation of a rebound, as seen in the previous two visits, has begun making the rounds.

Moreover, Shiba Inu is already showing strength around the low. From the Tuesday lows, the token bounced 4% to its closing price, indicating the heavy buying pressure in and around the yearly lows.

What Needs to Happen Next?

Notably, an asset like Shiba Inu responds to macro trends, positive community sentiment, bullish ecosystem developments, and broader market momentum and liquidity expansion. As a result, a combination of some of these factors would shape its subsequent price direction.

Bitcoin (BTC) has shown admirable resilience in the face of sentiment-dampening factors like the ongoing war between Israel and Iran. Notably, Iraq’s Rumaila, the world’s second-largest oil field, saw a drop in production as a result of the conflict, further pressuring the global economy with prospects of oil scarcity.

Under these circumstances, Bitcoin has not made new lows; rather, it has bounced to reclaim $68,000. If this momentum persists, altcoins like SHIB would benefit. 

Buying activity also needs to return if the meme coin is to recover. Data shows spot inflows to exchanges outpaced outflows in the last 24 hours, indicating holders are relocating their stash to platforms where it is easily sold. A shift in disposition from distribution to accumulation would aid SHIB’s rebound.

Technically, the meme coin would have to hold the multi-year bottom at $0.0000050. Whales would need to sustain the buying pressure around this area for a recovery. Falling below would create more panic and see SHIB dump to much lower prices.

Cardano Founder Says XRP Qualifies as a Security Under Proposed SEC Standard

Lele Jima
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Cardano Founder Says XRP Qualifies as a Security Under Proposed SEC Standard

Cardano founder Charles Hoskinson has criticized a proposed rule from the U.S. SEC that would automatically classify most tokens, including XRP, as securities unless they meet a strict decentralization standard. 

Hoskinson raised these concerns while outlining certain flaws in the Digital Asset Market Clarity Act, a bill designed to clarify how digital assets should be regulated in the U.S.

Key Points 

  • Cardano founder Charles Hoskinson argues that XRP would qualify as a security under a proposed SEC decentralization standard.
  • The draft rule bars any issuer or coordinated group from controlling more than 20% of a network’s stake.
  • Ripple holds over 30% of XRP’s total supply, with most of it locked in escrow.
  • Hoskinson believes XRP and other major, established tokens could ultimately be exempt from automatic securities classification.

Requirements for Digital Commodity Classification 

During a recent podcast, Hoskinson pointed to a provision in the Clarity Act that requires issuers seeking digital commodity status to formally petition the SEC for graduation. 

The draft legislation gives the agency 60 days to review such applications. However, the SEC can pause the review clock or request additional information before issuing a decision, potentially extending the process. 

To qualify as a commodity, projects must satisfy several requirements. Most notably, they must prove they are sufficiently decentralized. Citing the SEC’s beneficiary sufficiency standard, Hoskinson explained that issuers must demonstrate that no single entity or coordinated group controls more than 20% of the network’s stake. 

XRP Could Be Classified as a Security Under this Rule

Hoskinson suggested that this standard could automatically categorize XRP as a security, despite its prior legal clarity following a multi-year court battle with the SEC. He based this argument on Ripple’s significant holdings of XRP.

For context, out of the token’s 100 billion total supply, Ripple holds approximately 33.61 billion XRP, or 33.6%, in escrow, according to data from XRPL Services. Since this exceeds the 20% control threshold, Hoskinson argued that the SEC could deem XRP a security under the proposed rule. 

Furthermore, he described the standard as illegitimate and warned that it could also negatively affect proof-of-stake networks, including Cardano. 

XRP Exemption 

Meanwhile, Hoskinson argues that the proposed rule could create a two-tier system. Under such a framework, the top 10 crypto projects, including XRP, might effectively be “grandfathered in” and shielded from securities classification. In contrast, smaller and newer projects would need to prove decentralization before achieving commodity status.

Notably, Ripple maintains that XRP’s non-security status remains intact because it stems from a federal court ruling.

The Road Ahead

In the meantime, Ripple continues to support the Clarity Act, arguing that the legislation, in its current form, is better than no bill at all. Ripple CEO Brad Garlinghouse has expressed optimism that the bill could become law next month.

However, the legislation still faces hurdles. Crypto and banking industry leaders remain divided over provisions related to stablecoin yields. Nevertheless, negotiations continue ahead of a potential markup session in the Senate Banking Committee later this month. 

XRP Needs to Defend This Ascending Support Trendline to Keep the $8 Hope Alive

Mark Brennan
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XRP Needs to Defend This Ascending Support Trendline to Keep the $8 Hope Alive

XRP must defend a multi-year ascending support trendline to maintain a bullish stance and keep the $8 hope alive.

XRP has remained under strong selling pressure since the downtrend began in Q4 2025, falling more than 52% during this period. The price dropped 16.32% in February 2026, marking its fifth consecutive monthly loss for the first time since 2017, with a sixth straight decline possible if weakness continues. 

However, chart data indicates that the downtrend is likely a normal correction within a broader bull market. At this point, XRP must defend its long-standing ascending support trendline around $0.8 and break above a descending resistance trendline to revive momentum toward $8.

Key Points 

  • XRP has fallen more than 52% since Q4 2025 and posted a 16.32% loss in February 2026, marking five straight monthly declines for the first time since 2017.
  • Market data suggests that XRP may be trading within a Wave C correction, following its Wave B peak at $3.66 in July 2025.
  • This correction fits within a normal market pattern, and XRP must defend its ascending support trendline to keep hopes of a recovery alive.
  • A drop below the trendline and a weekly close below Fib. 0.786 at $0.6248 could expose XRP to a deeper downside toward $0.3855 and $0.2087 to $0.0956.
  • On the upside, XRP must break resistance around a descending resistance trendline to push toward a minimum target of $8, and potentially $27.

XRP Repeating a Familiar ABC Pattern 

This is according to a recent analysis from market watcher CoinsKid. Notably, he called attention to XRP on the weekly chart and pointed out similarities to the ABC correction that unfolded between 2021 and 2023. 

Back then, XRP climbed to $1.96 in April 2021 before dropping to $0.51 in July 2021, forming Wave A. It then bounced to $1.41 in September 2021 for Wave B, only to fall to $0.30 in January 2022 in Wave C. 

The analyst believes a similar pattern may be forming now. Specifically, XRP peaked at $3.4 in January 2025, then fell to $1.61 by April 2025 to complete Wave A. Wave B pushed prices higher again, reaching a new all-time high of $3.66 in July 2025. Since then, Wave C has taken over, dragging XRP down to $1.35, and this phase may not be over yet.

The Ascending Trendline Around $0.85 Is Crucial

Interestingly, CoinsKid mentioned an important ascending support trendline that has guided XRP since 2018 as the key focus of his analysis. Right now, that support sits near $0.85, and the market watcher argues that XRP must defend this area to keep the bullish case intact.

XRP Ascending Support Trendline CoinsKid
XRP Ascending Support Trendline | CoinsKid

In the past, XRP touched this trendline several times and bounced. Notably, it did so at $0.11 in March 2020, $0.17 in December 2020, $0.30 in January 2023, and $0.38 in July 2024. Each time, the asset formed higher lows and later moved higher. CoinsKid believes that this long period of price compression along the trendline helped fuel the breakout to $3.4 in January 2025.

However, he warned that a drop below the trendline support and a weekly close below the 0.786 Fibonacci level at $0.6248 would indicate trouble. A drop beneath that level could open the door to losing the Fib. 1 level at $0.3855. If that happens, XRP could slide further toward the Fib. 1.272 ($0.2087) and Fib. 1.618 ($0.0956) range.

Key XRP Fibonacci Levels and Resistance to Watch

Speaking further, CoinsKid shared several support levels that traders should watch. Specifically, he pointed to the 0.5 Fibonacci level at $1.19, the 0.618 golden ratio at $0.9127, and the major 0.786 level at $0.6248. According to him, XRP often pulls back to the 0.618 level before finding support.

On the upside, XRP faces resistance at a descending trendline that sits near $1.55, which also matches the 0.382 Fibonacci level. To regain strength, XRP must break above this area. If price dips toward the ascending support trendline first and then rebounds above $1.19 at the 0.5 level, that move could clear the descending trendline and set up a strong third wave higher.

Projected Break Above Descending Resistance Trendline
Projected Break Above Descending Resistance Trendline

For now, XRP continues to form lower highs and lower lows, confirming the ongoing downtrend. CoinsKid suggested that traders wait for a clear breakout above the descending trendline instead of trying to predict the exact bottom.

XRP to $8 Remains on the Table

The analyst noted that he sees the rally to $3.66 in July 2025 as Wave 1 and the current decline as a Wave 2 pullback. He now expects a massive Wave 3 that could send the price into new territory once XRP holds the ascending support trendline and breaks above resistance.

He also called attention to past breakouts above similar descending resistance lines. In July 2020, XRP broke above the descending resistance at $0.2 and later climbed to $1.96 by April 2021. In January 2023, it moved above $0.4 and eventually surged to $3.66 by July 2025.

Based on this history, CoinsKid sees $8 as his long-standing minimum target. Meanwhile, over a longer time frame, he even considers $27 possible.

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