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Cardano Price Analysis for Feb 23: What’s Next After Support Tested and Longs Liquidated $1.76M?

Mark Brennan
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Cardano Price Analysis for Feb 23: What’s Next After Support Tested and Longs Liquidated $1.76M?

Cardano remains in a bearish daily trend with Supertrend resistance active overhead and Stochastic showing fading momentum near oversold.

Cardano (ADA) is trading at $0.2648, down 4.2% in the last 24 hours, with a tight 24-hour range between $0.2589 and $0.2772. The live chart reveals a sharp vertical sell-off in recent hours, followed by a modest recovery attempt that has pushed the 1-hour performance into positive territory (+0.9%).

Despite the brief bounce, broader momentum remains firmly bearish: ADA is down 4.9% over the past week, 26.5% in the last 30 days, and a punishing 65.5% over the past year.

The longer-term view shows Cardano trapped in a multi-year downtrend since its 2021 highs, with the current price action testing critical lower support near the $0.26 zone. Volume has remained relatively stable, but the steep 30-day decline signals sustained selling pressure across the market.

With a market cap still above $9.7 billion and full dilution at $11.86 billion, ADA continues to hold its top-15 ranking, though traders are now watching whether the latest dip will find buyers or accelerate toward fresh yearly lows.

What’s Next for Cardano

On the daily timeframe, Cardano remains firmly entrenched in a bearish trend, as evidenced by the Supertrend indicator, which is positioned well above the current price at approximately $0.31571.

Cardano Price Analysis
Cardano Price Analysis

The red-shaded Supertrend zone has been active for an extended period, reflecting persistent downward momentum since the price rolled over from higher levels earlier in 2026. This setup continues to act as dynamic resistance on any attempted recoveries, suggesting that sellers retain control and that traders will likely sell into any rallies until the Supertrend flips bullish.

This would, however, require a decisive close above $0.31571. Supporting the bearish bias, the Stochastic Oscillator shows %K at 28.29 trailing below %D at 42.39 in the lower portion of the oscillator range. This configuration indicates weakening momentum with no immediate bullish crossover in sight, while the reading is edging closer to, but has not yet reached, oversold levels.

Cardano Liquidation Data

Cardano derivatives data reveals a clear shift in market pressure. Short-term liquidations (1h and 4h) total $56K–$58K, almost entirely from short positions ($55.83K in 1h and $57.72K in 4h).

Cardano Rekt Data
Cardano Rekt Data

In contrast, the broader 12h and 24h windows show $1.46M and $1.82M in total rekt, overwhelmingly dominated by long liquidations ($1.40M and $1.76M respectively) versus minor short hits ($60K). This shows that earlier bullish leveraged traders were heavily punished during the sustained sell-off. 

Bitcoin Price Analysis for Feb 23: Bearish Breakdown or Ultimate Buy-the-Dip Opportunity?

Mark Brennan
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Bitcoin Price Analysis for Feb 23: Bearish Breakdown or Ultimate Buy-the-Dip Opportunity?

Bitcoin breaches key Fibonacci level signaling a stronger downtrend with RSI near oversold, yet an analyst sees bullish setup.

Bitcoin (BTC) is trading at $64,796.37, marking a sharp 4.7% decline over the past 24 hours. This drop positions the crypto within a 24-hour range of $64,435.13 to $68,211.66, highlighting increased short-term volatility.

Performance indicators reveal a consistent downtrend: a minor 0.2% slip in the last hour, escalating to 5.2% over seven days, 8.2% in two weeks, a steeper 27.7% drop over 30 days, and a concerning 32.8% loss year-over-year.

The treasury holdings of 1,760,272 BTC add an intriguing layer, suggesting institutional involvement that could either stabilize or exacerbate swings. As Bitcoin teeters at the lower end of its range, one can’t help but wonder: is this the ultimate buying opportunity for the bold, or the harbinger of a deeper bear market that reshapes the crypto landscape?

Bitcoin Price Analysis

On a technical viewpoint, Bitcoin is currently showing clear signs of weakness on this daily chart. Traders are closely watching the Auto Fibonacci Retracement levels drawn from a recent high near $70,943 down to a low around $59,998.

These levels act as potential support and resistance during pullbacks. Bitcoin has already tested and breached the important 0.5 Fibonacci level at approximately $65,460, a break that often indicates the downtrend is strengthening rather than pausing for a simple correction.

Bitcoin Price Analysis
Bitcoin Price Analysis

The price is now hovering just above the deeper 0.618 level around $64,166. If selling pressure continues without a strong reversal, the next major areas of interest could be $62,300 or even the extended 1 level near $59,977 in a more severe scenario.

On the upside, reclaiming the 0.5 level around $65,460 would require significant buying power to signal any meaningful recovery. The Relative Strength Index on the 14-period setting is currently reading 32.29, with the signal line around 34.47.

This places the RSI very close to oversold region. While the indicator shows persistent weakness, it has not yet reached extreme oversold levels, meaning downside risk remains present but a relief rally could develop if buyers step in aggressively at these lower prices.

Where’s Bitcoin Headed?

Elsewhere, analyst SuperBro described Bitcoin’s current daily chart setup as a “beautiful bullish” formation in his February 23 analysis. He argued that the price action has strategically cleared out lower liquidity by wiping out most leveraged longs below while deliberately leaving overhead shorts untouched to serve as potential fuel for a later squeeze. 

Bitcoin Prediction
Bitcoin Prediction

Although he acknowledged that the pattern could technically be interpreted as a bear pennant breakdown targeting below $50K, he views such a deep move as overly ambitious for the bears given that it would land directly into a major multi-year support zone, making it unlikely to materialize.

SuperBro emphasized that this remains a setup rather than a certainty, but if Bitcoin holds its current lows on a closing basis, the path will open for a strong rally back into the $70,000 region and potentially higher.

Cardano Risks Breakdown from 3-Year Support Level

Elendu Benedict
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Cardano Risks Breakdown from 3-Year Support Level

Cardano (ADA) is hovering near a multi-year support level, and sustained bearish momentum could trigger a price breakdown.

Notably, this breakdown could bring severe pressure to ADA’s price, which has struggled for months. The current trajectory suggests this is the most likely outcome unless a remarkable shift in sentiment and trend occurs in the coming days.

Key Points

  • Cardano is hovering near a multi-year support level, and sustained bearish momentum could trigger a price breakdown.
  • At press time, ADA is already down 3.5% since the start of today, mirroring broader market momentum that saw Bitcoin briefly fall below $65,000.
  • ADA’s sideways trend continues to escalate, with the asset on track for its sixth consecutive monthly pullback and near a three-year support level.
  • Cardano formed a base price around $0.240, a support level that aligned with its bottom during the previous cycle’s bear market.

Cardano at 3-Year Support

It is a new week, and Cardano has started on a bearish note. At press time, it is already down 3.5% since the start of today, mirroring broader market momentum that saw Bitcoin briefly fall below $65,000.

The ADA sideways trend continues to escalate, with the asset on track for its sixth consecutive monthly pullback. This trend has now brought it close to a three-year support level, as identified in a recent post by the widely followed analyst “Mercury.”

For context, the cryptocurrency formed a base price around $0.240, a support level that aligned with its bottom during the previous cycle’s bear market. Attempts to break below, including a June 2023 drop to $0.220, have failed to break the demand zone.

Eventually, Cardano gained momentum from the support following in October 2023, from $0.239 to the heights seen in the just-concluded bull market. ADA rose nearly 6x from the support to its bull market high of $1.320 before relinquishing all the gains to trade close to the zone again.

Will ADA Break Down?

Meanwhile, ADA has already attempted to break below the support as it did in 2023. A sharp drop during the February 6 macro-inspired crypto sell-off saw it dip to $0.220, but bulls stepped in around that level to push prices higher.

Some have argued that this low could be the coin’s bottom price for this corrective phase, suggesting a period of further price consolidation before the start of an impulsive move to higher prices.

However, analysts like Mercury are already discussing the possible impact if ADA loses this support. The commentator noted that he is curious about what would happen to the prominent altcoin if it broke below this 3-year support level.

For one, this scenario looks very likely unless momentum changes fast. How low ADA would go now depends on the broader market trend and the level of panic triggered by the breakdown.

How Low Could Cardano Go if It Breaks Below?

The last time ADA traded below this support was in late December 2020, when it was gearing up for its 2021 rally to its current all-time high of $3.10. But the chart shows there is no major support until the $0.17 level, where the coin consolidated for weeks before the takeoff in December 2020.

Cardano Supports
Cardano Supports

The subsequent support level lies around the psychological $0.10 price level, last seen in early November 2020. This would mark a 62% retracement from the current market price of $0.265.

XRP to $1.11 Is Very Possible as Market “Shakes Out the Cry Babies” Before Monster Move Up: Analyst

Abdulkarim Abdulwahab
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XRP to $1.11 Is Very Possible as Market “Shakes Out the Cry Babies” Before Monster Move Up: Analyst

XRP is again facing downside pressure, and according to some market watchers, a retest of $1.11 remains on the table before any meaningful breakout unfolds.

Over the past day, XRP’s price dipped 4%, touching $1.33 after briefly trading in the $1.42 range earlier. On a 30-day timeframe, XRP is down 29% from the near-$2 level where it previously traded.

As bearish pressure persists, some analysts believe a rebound is due, but a lower price may emerge first.

Key Points

  • XRP could revisit $1.11 as analysts warn of one more shakeout before a potential breakout.
  • CryptoBull says the market may “shake out the cry babies” before a monster move higher.
  • After a 70% drop from $3.66, some believe XRP may be forming a long-term bottom.
  • Bullish targets range from $4 to $9, with optimism tied to regulatory progress and momentum.

$1.11 XRP “Very Possible”

In a recent post on X, analyst CryptoBull stated that XRP revisiting the $1.11 level “is very possible”. He added that this could happen because the “market loves to shake out the crybabies before the monster moves up.”

His comment comes as XRP struggles to build momentum after failing to reclaim higher resistance levels.

Notably, this is not the first time CryptoBull has warned of short-term pain before long-term gains. Earlier this month, when XRP briefly touched $1.11 during a major market sell-off, he described the move as part of a repeating cycle.

Historically, XRP has endured steep corrections that tested investor conviction. The asset has previously dropped from $3 to $0.11 and from $1.96 to $0.28, only to recover in later cycles. During the ongoing downturn, XRP has moved from $3.66 to $1.11, a decline of roughly 70%.

With such a major drawdown from its peak, a growing consensus suggests the market may be near a bottom.

3-Day Structure Signals Shakeout

In his latest chart update, CryptoBull highlighted XRP’s 3-day timeframe, suggesting the current structure resembles previous consolidation phases that preceded explosive breakouts.

XRP is slowly trending lower after failing to hold recent highs, and he believes there could be one more drop toward $1.11.

He says this dip would act as a final shakeout, pushing out weak holders before a stronger upward move begins. He has projected higher targets between $9 and $11 based on past market cycles.

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$9 XRP Target Within Weeks

Notably, CryptoBull predicts XRP could surge to $9 within weeks, citing a 2017-style breakout pattern on the 3-day chart. He believes XRP could hit $4 by early March and extend toward $9 shortly after, implying potential 2x–7x gains.

Other analysts share the bullish outlook, with some targeting $10, though skeptics warn that a deeper pullback toward $0.50 remains possible. Overall, the projections reflect strong optimism but remain dependent on broader market strength.

‘Major XRP Development’

The price of XRP could also be strengthened by positive news on the horizon. Media personality Paul Barron recently said a major XRP-related development tied to the Clarity Act is around the corner. He described it as Ripple’s “biggest bombshell yet,” adding that the opportunity is “hidden in plain sight,” with more details expected next week.

The teaser comes as regulatory momentum builds in the U.S., with Brad Garlinghouse stating there is an 80% odds the Clarity Act could become law by April.

Clearer rules could boost institutional adoption and expand activity on the XRP Ledger. The XRP community is watching closely ahead of the expected reveal.

Analyst Predicts Two Shiba Inu Price Targets by Late 2026

Lele Jima
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Analyst Predicts Two Shiba Inu Price Targets by Late 2026

An on-chain analytics platform has issued a bullish outlook for Shiba Inu, projecting that the token could erase a zero by the end of this year. 

Shiba Inu has been trading in bearish territory for several months. However, investor interest in its long-term prospects remains elevated, with growing discussions about where the token could stand by the end of 2026. Leading analysts have stepped in to share forward-looking projections for the token.

Key Points

  • Despite trading in bearish territory, analysts expect SHIB to erase one zero by year-end.
  • The outlook indicate SHIB could surge 400% to 700% from its current price by the end of 2026.
  • Optimism is driven by speculation about a crypto supercycle and potential regulatory progress.
  • Amid these bullish projections, SHIB extended its losses over the weekend, slipping below $0.000006.

Shiba Inu to Hit $0.00003 – $0.00005

In a recent tweet, Whale Scan offered an optimistic forecast, predicting that Shiba Inu could climb to $0.00003–$0.00005 by late 2026. The estimate followed a request to adjust a price chart to highlight SHIB’s potential cycle top.

Notably, the projected range represents a 401%–736% surge from the current price of $0.000005979.

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2026 Projections for Shiba Inu

Whale Scan’s outlook closely aligns with growing expectations of a major rally later this year. Several other analysts and platforms have issued similarly optimistic forecasts, reinforcing bullish sentiment around SHIB.

For instance, Changelly and Telegaon expect Shiba Inu to erase a zero by year-end. Specifically, Changelly sets SHIB’s maximum 2026 price at $0.0000142, while Telegaon projects a much higher target of $0.0000543.

Meanwhile, ChatGPT offers an even more bullish outlook, estimating that SHIB could climb to $0.000115 under favorable market conditions. However, Coincodex remained conservative, projecting that SHIB could trade at $0.000009616.

Catalysts Fueling Bullish Projections

The optimism that SHIB will close 2026 on a bullish note stems from speculation about a potential supercycle later in the year. Proponents argue that the traditional four-year cycle has shifted to a five-year cycle, with the bull phase likely unfolding in the coming months.

Additionally, regulatory momentum could strengthen sentiment. Industry leaders, including Ripple CEO Brad Garlinghouse, believe the CLARITY Act could become law by the end of April. Treasury Secretary Scott Bessent has emphasized that the legislation is crucial for market stability. Supporters argue that its passage would boost investor confidence and attract institutional capital, potentially favoring SHIB.

Moreover, Shiba Inu could gain its first U.S.-based spot ETF exposure this year. The SEC is set to decide on T. Rowe Price’s filing, which mentions SHIB as a potential fund asset, by February 26.

Caution Remains

Despite these bullish projections, Shiba Inu remains under strong bearish pressure. Over the weekend, the token declined again, slipping from $0.000006 to $0.000005933.

In addition, ecosystem challenges continue to weigh on sentiment. Low token burns and concerns that the team is not prioritizing SHIB have intensified selling pressure, leading skeptics to rule out any significant rally this year.

Ultimately, how Shiba Inu could perform in 2026 remains to be seen.

Ripple CEO Reveals Primary Reason Ripple Has Spent $3B in Acquisitions Since 2023

Sam Wisdom Raphael
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Ripple CEO Reveals Primary Reason Ripple Has Spent $3B in Acquisitions Since 2023

Ripple CEO Brad Garlinghouse has explained why the company has spent nearly $3 billion on acquisitions since 2023. 

According to him, Ripple wants to connect traditional finance with decentralized finance, using these deals to build better links between the financial system and the crypto industry.

Key Points

  • Ripple has completed six acquisitions since 2023 with disclosed values totaling about $2.7 billion.
  • Major deals include Metaco for $250 million, Hidden Road for $1.25 billion, and GTreasury for $1 billion.
  • Ripple CEO Brad Garlinghouse recently confirmed that the company went on this acquisition spree to connect TradFi with DeFi.
  • Garlinghouse said GTreasury, now called Ripple Treasury, handled about $13 trillion in payments last year, yet none of those transactions used crypto or stablecoins.
  • He added that more than 1,000 corporate customers use GTreasury’s technology, and many CFOs and CEOs now want to use crypto tools.
  • Ripple plans to slow acquisitions in the near term, focus on integration in the first half of the year, and build on two major deals that have already performed ahead of forecast.

Ripple’s Acquisition Spree

For context, since 2023, Ripple has completed six acquisitions with disclosed values totaling about $2.7 billion. When the company adds undisclosed deals and strategic partnerships, estimates put the figure above $4 billion. 

Specifically, Ripple bought Metaco, a crypto custody firm, in May 2023 for $250 million. A year later, in June 2024, the company acquired Standard Custody, a regulated trust company. However, it chose not to reveal the price. 

Meanwhile, in April 2025, Ripple announced its $1.25 billion purchase of Hidden Road, a prime brokerage firm. Then four months later, the company acquired Rail, a stablecoin payments platform, for $200 million. 

Ripple followed this deal with the acquisition of GTreasury, a treasury management provider, last October for $1 billion. Shortly after, in November 2025, Ripple acquired Palisade, a wallet technology firm, but failed to disclose the purchase price.

Ripple Aims to Build Bridges Between TradFi and DeFi

Garlinghouse recently discussed these purchases during an interview on FOX Business with Maria Bartiromo. Notably, Bartiromo pointed out that Ripple had spent about $3 billion on acquisitions since 2023, moving into custody, prime brokerage, treasury management, and stablecoin payments.

She asked the Ripple CEO how his firm plans to keep scaling and nudged him to discuss where the company plans to go next with all these businesses now under its control.

In response, Garlinghouse confirmed that Ripple has focused on building bridges between traditional finance and decentralized finance, or crypto. He explained that these bridges represent the primary intent of the company’s acquisition spree. Essentially, Ripple seeks to connect TradFi with DeFi.

GTreasury Deal to Bring Crypto into Treasury Management 

Garlinghouse shared an example with the GTreasury acquisition. He said Ripple acquired GTreasury, a treasury management services business that now operates as Ripple Treasury. According to him, GTreasury handled about $13 trillion in payments last year. However, none of those payments used crypto or stablecoins.

He stressed that GTreasury had zero crypto-enabled payments and zero stablecoin-enabled payments, even though more than a thousand corporate customers rely on its technology. He said corporate treasurers, CFOs, and even CEOs now push for ways to use new technology to improve their systems.

Garlinghouse explained that Ripple now has a strong set of solutions that can introduce crypto to those customers. At this point, no overlap exists between Ripple’s crypto products and what GTreasury previously offered. He said Ripple now works to bring those two areas together.

Ripple Plans to Slow Down on Acquisitions

Bartiromo then asked whether Ripple plans to make more acquisitions to keep scaling. Garlinghouse answered that Ripple bought two large companies last year, so the company will focus on integration during the first half of this year instead of rushing into more deals.

He shared that he had visited Chicago the day before, where GTreasury has its headquarters. The Ripple CEO confirmed that he feels excited about the direction his company sees. 

He also stated that both of the recent acquisitions have performed far better than the company expected when it completed the deals. For now, Garlinghouse said Ripple will slow down for a moment, focus on integrating its recent purchases, and then speed up again later.

Research Team Reveals Something Big Is Brewing for XRP

Abdulkarim Abdulwahab
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Research Team Reveals Something Big Is Brewing for XRP

Media personality Paul Barron has sparked fresh excitement within the XRP community after hinting that a major development involving Ripple, XRP, and RLUSD could soon come to light.

In a recent post on X, Barron revealed that his research team uncovered “something big” brewing for XRP in connection with the Clarity Act.

According to him, the development is “hidden in plain sight” and could turn out to be Ripple’s “biggest bombshell yet”. He added that he will share more details next week, urging followers to “Lock In XRP.”

Key Points

  • Paul Barron hints at a major XRP development tied to the Clarity Act, calling it Ripple’s “biggest bombshell.”
  • His research team says the opportunity is “hidden in plain sight.”
  • Growing momentum behind the Clarity Act could boost institutional adoption and XRP Ledger activity.
  • Rising RLUSD integration and liquidity could be a strategic move that the XRP community awaits the reveal.

Excitement Spreads Among XRP Holders

The comment quickly attracted massive engagement, with users speculating about what the revelation could involve. One X user, Jay Dubya, said it could point to deeper RLUSD bank integration, higher XRP Ledger activity, and stronger token burn effects.

According to that view, infrastructure is quietly stacking up, value is gradually accruing, and the long-term strategy is unfolding in phases.

Clarity Act Momentum Builds

Barron’s hint comes at a time when regulatory clarity in the United States appears closer than at any point in recent years.

Ripple CEO Brad Garlinghouse recently said there is an 80% chance the Digital Asset Market Clarity Act could become law by April. The bill is now moving toward a Senate Banking Committee markup after talks between lawmakers, banking leaders, and crypto executives.

Garlinghouse has long argued that clear rules would open the door for more institutional investment in crypto. While a federal court ruled that XRP is not a security in secondary market sales, he says the broader industry still lacks consistent legal definitions.

If the Clarity Act becomes law, it could give major financial institutions the confidence they need to expand their use of blockchain technology.

RLUSD and Ripple’s Bank-First Strategy

Meanwhile, Garlinghouse has recently said Ripple’s acquisitions seek to strengthen the XRP ecosystem. He also highlighted RLUSD as an important tool for boosting liquidity on the XRP Ledger.

More liquidity usually means faster settlements, increased developer activity, and stronger institutional use cases. If RLUSD adoption by banks grows under clearer regulations, it could drive higher transaction volume on the XRP Ledger. This could speed up XRP’s token burn process, though the impact on price could be negligible.

Hidden in Plain Sight?

Ultimately, Barron’s comments suggest the signs may already be there through regulatory progress, growing infrastructure, rising liquidity, and stronger institutional alignment.

The timing of his teaser, alongside momentum around the Clarity Act, has led many to believe Ripple may be preparing a major strategic move. Now, the XRP community is waiting for next week’s reveal.

17 Reasons For Being Bullish on XRP: Analyst

Lele Jima
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17 Reasons For Being Bullish on XRP: Analyst

Popular chartist CryptoBull combines legal, technical, and market factors to explain why he remains strongly bullish on XRP.

While many investors have voiced frustration over XRP’s recent performance, CryptoBull offers a contrasting view. He outlines 17 reasons he believes the fourth-largest cryptocurrency by market cap is positioned for substantial long-term growth. 

Key Points 

  • Despite recent price underperformance, CryptoBull argues that XRP remains positioned for strong long-term growth.
  • He bases his bullish outlook on a combination of regulatory clarity, technical strengths, and favorable market dynamics.
  • He also highlights the XRP community as one of the asset’s strongest advantages, citing its loyalty and long-term commitment.
  • Ripple’s partnerships with leading institutions reinforce XRP’s real-world utility in global payments, fueling CryptoBull’s bullish sentiment. 

Reasons Why CryptoBull Is Bullish on XRP 

In his view, XRP’s regulatory clarity, real-world utility, and growing institutional adoption clearly set it apart from competing digital assets, driving his “mega bullish” stance on the token. 

Regulatory Advantage

CryptoBull anchors his thesis on XRP’s regulatory edge following the SEC v. Ripple case, in which Ripple Labs secured a partial victory. 

He argues that XRP is the only digital asset in the United States to have received explicit judicial clarification that it is not inherently a security. In his view, this clarity removes a key overhang that continues to pressure much of the broader crypto market.

Technical Strength

From a technical standpoint, he highlights the advantages of the XRP Ledger, the underlying blockchain of XRP. He describes the network as faster, cheaper, and more energy-efficient than Bitcoin and Ethereum, emphasizing its low transaction costs and absence of congestion. 

He also points to its uninterrupted operational history and user-friendly wallet infrastructure, including XUMM, as added strengths.

Adoption Drivers

On adoption, CryptoBull cites Ripple’s partnerships with major financial institutions such as SBI Holdings and Franklin Templeton. He argues that these collaborations position XRP as a practical tool for cross-border payments rather than a purely speculative asset. Consequently, he believes this utility could accelerate mainstream adoption.

Market Dynamics

He also factors in broader market trends. He anticipates liquidity inflows, expects potential capital rotation from Ethereum to XRP due to the ETHGate scandal, and suggests that geopolitical and stock market uncertainty could push investors toward digital assets as alternative stores of value.

Furthermore, he notes that XRP still trades below its previous all-time high near $3.80. From its current level of $1.43, the token would need to rally roughly 165% to retest that peak.

Finally, CryptoBull underscores the strength of the XRP community, describing it as one of the most loyal and vocal in the industry. This community support has played a critical role in XRP’s milestones, including its regulatory progress in the United States. Based on these reasons, CryptoBull emphasized that he is mega bullish on XRP’s long-term prospects. 

Japan SBI Launches On-Chain Bonds That Instantly Reward Investors With XRP

Lele Jima
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Japan SBI Launches On-Chain Bonds That Instantly Reward Investors With XRP

Japan-based financial group SBI Holdings has launched on-chain bonds that grant holders an equivalent amount of XRP. 

SBI announced the initiative yesterday, marking what it describes as the first-ever on-chain Security Token (ST) bond issuance. The offering allows individual investors in Japan to purchase blockchain-based bonds that automatically deliver an equivalent amount of XRP upon subscription. 

This structure effectively bridges traditional fixed-income products with XRP exposure, allowing investors to access the asset through a regulated bond framework. 

Key Points 

  • SBI Holdings has launched its first-ever on-chain Security Token bonds, marking a major step in blockchain-based finance. 
  • The JPY 10 billion ($64.5 million) bond issuance targets retail investors and operates fully on blockchain infrastructure. 
  • Investors receive XRP equivalent to their subscription amount shortly after purchase, providing near-instant exposure to the digital asset. 
  • Beyond the initial XRP distribution, additional XRP rewards will be paid on interest dates in March 2027, 2028, and 2029. 

SBI Launches First-Ever On-Chain Bonds 

SBI Holdings, a major strategic partner of Ripple, disclosed plans to issue its first Series ST Bonds totaling JPY 10 billion ($64.52 million). The company designed the bonds specifically for retail investors and will issue, manage, and settle them entirely on the blockchain rather than through Japan’s conventional securities settlement systems.

Instead of relying on traditional registration methods, SBI digitally registers and tokenizes the bonds on-chain through the “ibet for Fin” platform developed by BOOSTRY. 

Meanwhile, investors will trade the bonds on the START proprietary trading system operated by Osaka Digital Exchange, with secondary market trading scheduled to begin on March 25, 2026.

XRP Incentive Structure 

Notably, the issuance incorporates a built-in XRP reward mechanism. Bondholders will receive XRP tokens equivalent to their subscription amount shortly after payment confirmation. However, eligible investors must hold an account with SBI VC Trade and complete the required procedures by May 11 to qualify.

In addition, SBI will distribute further XRP benefits on each interest payment date in March 2027, March 2028, and March 2029. This approach promotes long-term participation while strengthening XRP’s integration into tokenized financial products. 

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Potential Impact for XRP 

The potential impact of this offering is significant. Analysts within the XRP community argue that rising demand for the bonds could drive sustained XRP purchases to support issuance and future payouts.

Moreover, community figure Jay Nisbett linked the development to the Japanese yen carry trade, where investors borrow yen at low interest rates and allocate capital to higher-yielding assets. 

In this context, the structure could channel additional liquidity into XRP-linked instruments. Nisbett further suggested that SBI could expand the $65 million offering to attract institutional participants.

If SBI scales the initiative, it could accelerate institutional XRP adoption by embedding the asset into structured financial products rather than relying solely on spot market demand. Meanwhile, market participants are closely watching how this package could accelerate XRP adoption in Japan. 

Whales Amassing 3,170,000,000 XRP, Now Hold Their Largest Supply Share in History

Sam Wisdom Raphael
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Whales Amassing 3,170,000,000 XRP, Now Hold Their Largest Supply Share in History

XRP whales with balances between 10 million and 100 million XRP now hold their largest supply share in history.

This development comes on the back of a recent accumulation campaign carried out by this exclusive tier of addresses. The purchase spree has seen them amass up to 3.17 billion XRP, currently valued at $4.5 billion since October 2025, when the ongoing market downtrend picked up momentum.

Key Points

  • XRP whales holding between 10 million and 100 million tokens now hold 17.04% of the circulating XRP supply, representing their largest share in history.
  • This feat comes on the back of a recent accumulation trend that has seen these whales procure 3.17 billion XRP since October 2025.
  • The accumulation trend gained steam shortly after the ongoing market turbulence began, pointing to a possible “buy-the-dip” campaign.
  • While this tier has accumulated, another set of whales, holding between 100,000 and 10 million tokens, has distributed 3 billion XRP since October 2025.

XRP Struggles Impact Market Sentiment

This is according to data provided by market intelligence platform Santiment, as XRP battles to escape the ongoing bearish spell. For context, XRP, which soared to an all-time high of $3.66 in July 2025, has now slumped to the current price of $1.42. This represents a 61.2% drop from the summit.

Market data confirms that the ongoing downturn for XRP began in August 2025 but picked up pace in October, when the broader crypto market also flipped bearish. Now, XRP has recorded four consecutive red monthly candles since October 2025, and is on track to see a fifth consecutive one, with a 13.33% decline in February. The last time XRP saw five straight red monthly candles was in 2016/2017.

XRP Whales Take Advantage

While the downturn has had a hit on market sentiment, certain tiers of XRP whales seem to be taking advantage of the “buy-the-dip” opportunity. Specifically, addresses holding between 10 million and 100 million XRP have continuously increased their holdings since October 2025 in what appears to be their sharpest purchase spree in history.

XRP Address Behavior Santiment
XRP Address Behavior | Santiment

For context, these wallets held a cumulative balance of 7.89 billion as of Oct. 1, 2025. Today, the figure has increased to 11.06 billion XRP, indicating that they have procured 3.17 billion tokens or nearly 5% of XRP’s circulating supply, since then. Within this period, the XRP price has dropped 50%.

Interestingly, the bulk of this accumulation occurred within just twenty days in November. Notably, between Nov. 8 and 28, 2025, these XRP whales increased their balance from 8.33 billion to 10.82 billion tokens. This marked an additional 2.49 billion XRP in that time span, representing their sharpest purchase spree in history.

As a result of the accumulation campaign, Santiment data indicates that these whales now hold 17.04% of XRP’s circulating supply, up from 12.21% in October 2025. This marks their largest supply share in history, as they appear to have continued accumulating while others capitulate.

XRP Whales Santiment
XRP Whales | Santiment

Other XRP Address Tiers Distributing

For context, addresses holding between 100,000 and 10 million XRP currently have a balance of 10.09 billion, as those with 100,000 to 1 million tokens hold 6.32 billion XRP, while the ones with 1 million to 10 million tokens hold 3.77 billion XRP.

Cumulatively, both tiers of addresses had a balance of 13.12 billion XRP on Oct. 1, 2025, indicating that they have distributed or sold 3.03 billion XRP tokens since then. Most of the decline came from the addresses holding 1 million to 10 million, which contributed 2.8 billion tokens to the total.

Interestingly, these wallets also witnessed their steepest decline in balance in November, coinciding with the sharp increase for XRP whales holding 10 million to 100 million XRP. This could point to a redistribution from smaller whales to larger whales or a combination of funds from XRP whales into fewer wallets.

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