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XRP Used $73,000 in Electricity for a Year While Bitcoin Spent $8B–$12B: Details

Abdulkarim Abdulwahab
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XRP Used $73,000 in Electricity for a Year While Bitcoin Spent $8B–$12B: Details

Fresh data shared by prominent XRPL validator Vet has reignited the energy debate between XRP and Bitcoin.

According to Vet, the XRP Ledger (XRPL) used just $73,000 worth of electricity to run the entire network over the past year. In contrast, he estimates that Bitcoin consumed between $8 billion and $12 billion in electricity during the same period, calculated using industrial power rates rather than residential costs.

Key Points

  • XRP used $73K in yearly power, while Bitcoin spent $8B–$12B on electricity.

  • XRP Ledger consumed 405,938 kWh yearly, about $0.0000028 per transaction.

  • The University of Cambridge Judge Business School Centre for Alternative Finance estimates BTC at 98.19 TWh per year.

  • The gap reflects XRPL’s validator model versus Bitcoin’s Proof-of-Work mining system.

Breaking Down the Energy Numbers

Vet shared updated network metrics showing that as of February 15, 2026, XRPL’s total annual electricity consumption stood at:

  • 405,938 kWh per year
  • 0.0155644388 Wh per transaction
  • Around $0.0000028 per XRP transaction

In comparison, data from the University of Cambridge Judge Business School Centre for Alternative Finance estimates Bitcoin’s theoretical lower bound power demand at 11.20 GW, translating to roughly 98.19 TWh annually.

When converted into dollar terms at industrial electricity rates, that level of consumption implies:

  • $8B–$12B per year in electricity costs
  • Approximately $50–$80 per BTC transaction

The contrast highlights the structural difference between XRPL’s consensus model and Bitcoin’s Proof-of-Work mining system.

XRPL Developers Weigh In

Wietse Wind, founder of XRPL Labs, added that if hardware investments are excluded and the focus remains strictly on kilowatt-hour usage, XRPL’s cost efficiency could be even more pronounced. He noted that roughly 80% of XRPL Labs’ infrastructure runs on solar energy, including stored solar power used at night.

Meanwhile, XRPL developer Bird argued that XRP transactions are approximately 99.999994% to 99.999997% cheaper than Bitcoin transactions. This translates into $8–$12 billion in energy-related savings over the last year alone, according to his estimate.

Beyond cost, Bird stressed that the difference represents electricity that never needed to be generated or consumed in the first place.

XRP Maintains Lead in Energy Efficiency

The XRP Ledger has long positioned itself as one of the most energy-efficient networks among major cryptocurrencies. Unlike Bitcoin’s mining-based validation, XRPL relies on a validator consensus mechanism that does not require competitive computational work.

Previous reports citing data from the University of Cambridge have shown that Bitcoin accounts for close to 0.3% of global energy usage. By comparison, XRP’s annual network consumption has historically remained in the hundreds of megawatt-hours range.

The updated 2026 figures continue that trend, reinforcing XRP’s status as one of the lowest-energy networks among top digital assets.

Where Does the Spent $8B–$12B Come From?

Vet also addressed the question of who ultimately pays for Bitcoin’s massive electricity bill. He pointed fingers to miners.

Bitcoin miners fund electricity costs upfront and typically sell a portion of their BTC rewards to cover operational expenses. This creates what some call persistent sell pressure, especially during periods when Bitcoin’s price weakens, and mining margins tighten.

Ultimately, the numbers reinforce the argument that XRPL can deliver global payments infrastructure at near-zero energy cost. For Bitcoin advocates, the high energy usage remains central to its security model.

Jake Claver Finally Explains the Reasoning Behind His XRP to $100 Prediction

Mark Brennan
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Jake Claver Finally Explains the Reasoning Behind His XRP to $100 Prediction

Jake Claver, the CEO of Digital Ascension Group, has now explained the reasoning behind his XRP to $100 price target.

He spoke about it on one of the latest episodes of the Memes and Markets podcast. For context, Claver suggested that XRP could reach $100 by the end of 2025, even placing a bet. He held onto this target in Q4 2025 despite the consistent downturn, as XRP traded for $2. 

However, XRP failed to reach this target, even dropping below its price at the time the prediction emerged, currently sitting around $1.45 at press time. Claver’s recent comments highlighted why he held onto the prediction and what he expects going forward.

Key Points

  • In 2025, Claver predicted XRP would reach $100 by the end of the year despite the price trading around $2 by the fourth quarter.
  • This prediction failed to materialize, with XRP even dropping below the price it held when Claver made the call.
  • Recently, Claver explained that one of the factors behind his call was the expected institutional moves toward tokenization of assets by 2028 and the need for on-chain liquidity.
  • He said geopolitical risks, including tensions involving Iran, Israel, Venezuela, and the Strait of Hormuz, contributed to his expectation of rapid market shifts.
  • Claver admitted the timing was wrong but maintained that structural financial changes could still support his thesis over time.

The “Crazy” Prediction

During the recent podcast episode, host Ben Leavitt stressed that as investors popularized Claver’s forecast, he personally suggested that the prediction was crazy. 

Responding, the Digital Ascension Group CEO accepted the “crazy” label. According to him, people with unconventional views often look crazy at first. He compared himself to investor Michael Burry, whose warnings about the housing market once faced dismissals before the financial crisis of 2008 proved him right.

Claver clarified he still believes his broader outlook could eventually play out, but admitted the timing depends on how quickly the market develops and how institutions move.

Why Claver Still Believes in XRP’s Long-Term Potential

Speaking further, the market pundit said his confidence comes from how he sees XRP fitting into the future of finance. He said XRP holders are people who remain focused on long-term stability, hoping that rising value could allow them to support their families and contribute to society in meaningful ways.

Claver also shared pointers from his business experience, noting that clients tied to his firms, including those working with Digital Wealth Partners, are mostly between 35 and 80 years old, with fewer younger investors involved. 

According to him, this group generally expects banks to remain central to the financial system and sees XRP as a tool that works within regulated structures rather than outside them.

Claver also discussed XRP’s 100 billion token supply, arguing that a large supply could make sense if the asset has to support global value transfers for generations. He believes a system built for future technologies like artificial intelligence and automation would need to scale beyond today’s economic activity.

Institutional Signals Influenced His 2025 Timeline

When Leavitt asked why he tied his prediction to a specific date, like the end of 2025, Claver highlighted what he interpreted as strong signals from major financial players. He mentioned conversations involving firms such as State Street, BlackRock, Blackstone, BNY Mellon, Fidelity Investments, and Citigroup, all of which have discussed tokenizing financial assets by 2028.

According to him, if stocks, real estate, and private markets eventually move onto blockchains, liquidity will need to grow first. He pointed out that platforms like Securitize have already tokenized funds, but without active trading markets, the benefits remain limited for now.

To him, once stablecoins, custody systems, and regulated identity solutions become more common on-chain, digital marketplaces could open up and drive adoption across the industry.

Why He Expected a Rapid Move

Claver admitted that part of his confidence came from information he said he could not publicly share. He also revealed that a social media wager helped push the prediction into the spotlight.

The market commentator explained that he wanted to make sure anyone who risked XRP in related bets would get their holdings back no matter what, which made him more comfortable taking a public stance.

He also pointed to geopolitical developments that he believed could trigger sudden financial changes. He mentioned the U.S.-Venezuela situation, rising tensions between Iran and Israel, and the disruption in the Strait of Hormuz, as such events could push energy prices higher and trigger broader economic reactions that might influence crypto markets.

“Not Financial Advice”

Meanwhile, Leavitt raised concerns that some followers may have made risky decisions based on Claver’s confident tone. In response, Claver stressed that he regularly reminds audiences he is not offering financial advice. 

He said he encourages people to speak with qualified advisers before making investment choices and views his commentary as personal opinion rather than instruction.

A Win for XRP: Japan Finance Minister Backs SBI Blockchain Settlement and Stablecoin Push

Abdulkarim Abdulwahab
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A Win for XRP: Japan Finance Minister Backs SBI Blockchain Settlement and Stablecoin Push

Japan’s Finance Minister has publicly expressed support for blockchain-based securities settlement and stablecoin integration, which could strengthen the outlook for XRP and Ripple USD (RLUSD).

The development gained attention after XRP community figure Crypto Eri highlighted remarks by Japan’s Finance Minister, Satsuki Katayama, on X following a cabinet meeting press conference.

Key Points

  • Japan’s Finance Minister backs blockchain-based securities settlement, boosting XRP and RLUSD outlooks.

  • The FSA-led project links securities settlement to stablecoins, making trading faster and more efficient.

  • SBI Holdings’ blockchain efforts gain government support, highlighting XRP’s role in cross-border payments.

  • RLUSD launch in Japan (Q1 2026) aligns with policy amid growing institutional momentum for crypto.

Japan Backs Blockchain Settlement Initiative

During the February 13 press conference, Katayama confirmed the government’s support for a blockchain-based settlement project launched by Japan’s Financial Services Agency (FSA) in November 2025.

The project aims to track and manage international investment trust transfers on blockchain and link securities settlement to stablecoin payments, making trading faster and more efficient.

Katayama described the effort as a positive cross-industry initiative to modernize Japan’s financial infrastructure. She noted that no country has fully realized such a system. Meanwhile, she emphasized Japan’s intention to remain at the forefront of global financial innovation.

SBI’s Role in the Push

Katayama also referenced SBI Holdings’ efforts to develop a similar blockchain-based settlement system. The minister confirmed that the government is supporting these efforts on legal and regulatory fronts.

Such systems could enable Tokyo’s markets to process settlements faster and more efficiently using blockchain rails and stablecoins. For XRP supporters, SBI’s involvement is particularly significant.

Ripple and RLUSD Expansion in Japan

SBI has maintained a long-standing partnership with Ripple and has integrated XRP into its cross-border remittance services for years.

In August 2025, Ripple and SBI confirmed plans to launch RLUSD in Japan, with distribution led by SBI VC Trade. The stablecoin is backed one-to-one by U.S. dollar deposits and short-term government bonds, with monthly third-party attestations.

RLUSD is scheduled to go live in Japan in Q1 2026, pending regulatory clearance. The Finance Minister’s public support for blockchain settlement and stablecoin usage may indirectly strengthen the environment for RLUSD adoption.

While Katayama did not mention Ripple or XRP specifically, the policy direction aligns with initiatives already underway between Ripple and SBI.

Broader Institutional Momentum

SBI has also proposed crypto ETFs in Japan, including XRP and Bitcoin ETFs. If Japan successfully implements blockchain and stablecoins for securities settlement, it could boost demand for infrastructure and liquidity assets. XRP, as a bridge for cross-border payments, and RLUSD, as a regulated institutional stablecoin, could benefit from this shift.

Essentially, the Finance Ministry’s support represents another step toward regulatory acceptance of blockchain finance in one of Asia’s largest economies, a development the XRP community views as a win.

Shiba Inu Analysis for Feb 16: Is the Downtrend Over or Is $0.0000070 Resistance Just the Start?

Mark Brennan
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Shiba Inu Analysis for Feb 16: Is the Downtrend Over or Is $0.0000070 Resistance Just the Start?

Shiba Inu bulls face critical resistance, with SMA support in play, and indicators suggesting a potential reversal or further decline.

Shiba Inu (SHIB) trades for $0.00000665, a 3.4% decline over the past 24 hours. The price action reveals significant volatility, with the coin initially trading higher at about $0.00000688, before falling to $0.0000044 and settling at the current price. Shiba Inu’s 24-hour trading volume stands at $169.95 million, with spot volume at $31.45 million and futures volume at $135.43 million.

The meme coin’s performance metrics suggest a broader bearish trend. Over the past 7 days, SHIB has dropped by 8.9%, while the 30-day performance shows a significant decline of 22.1%. Even more concerning is the 58.8% decline over the past year, highlighting a tough year for SHIB holders. However, can Shiba Inu bounce back, or is this just the beginning of further downside? The coming days will be key to determining whether Shiba Inu can stabilize or head lower.

Where’s Shiba Inu Headed?

Shiba Inu’s daily price chart reveals that the price remains under pressure, with resistance testing near the $0.0000070 level. Elsewhere, support sits around $0.00000630, marked by the 9-day Simple Moving Average.

SHIBUSD Price Analysis
SHIBUSD Price Analysis

The SMA has been guiding price action and offering a dynamic resistance for SHIB, though it has now shifted into support. A breakdown below this support could push the price toward the next level, around $0.0000051.

Elsewhere, the Stochastic Oscillator is currently showing values of 72.89 (K-line) and 76.78 (D-line), both just below the overbought zone. This suggests that SHIB is nearing a potential reversal or consolidation phase, as the overbought territory typically signals that the market could be losing bullish momentum.

A crossover of the Stochastic lines (K below D) could further confirm this, pointing to a possible price pullback or even a deeper correction if it fails to break above resistance levels near $0.000007.

SHIB Testing Key Resistance Level

Expert analyst Ali Martinez notes that Shiba Inu is currently testing a key level at $0.0000067 as resistance. According to him, if SHIB can successfully reclaim this level as support, the next target could be $0.0000099, where additional resistance may lie.

SHIB Price Prediction
SHIB Price Prediction

Further resistance also exists on the chart at $0.0000148, and a break through this zone could lead to even higher price levels. Higher liquidity zones exist at $0.0000221 and $0.0000329.

Cardano One of the Altcoins that Would Make a Comeback: The Moon Show

Elendu Benedict
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Cardano One of the Altcoins that Would Make a Comeback: The Moon Show

Market analysts are betting on Cardano to make a comeback from recent downsides, as its price nears historical bottom levels.

Cardano trades at a massive discount, having corrected by 90.9% from its all-time high, according to CoinMarketCap. While some might freak out, several analyses have highlighted ADA as a great asset with the potential to recover from the current setback to unprecedented prices.

Key Points

  • Market analysts are betting on Cardano to make a comeback from recent downsides, as its price nears historical bottom levels.
  • While not all altcoins will make a comeback, analysis highlighted ADA as one of the few that could recover.
  • It was better to buy Cardano here than at the December 2024 high of $1.32 or the August 2025 high of $1.019.
  • However, the tone remains cautious due to uncertainties.

Cardano Not Dead: The Moon Show

The Moon Show co-host Efe Kelemci, aka “the Crypto Kid,” is the latest market watcher to conclude that Cardano has strong rebound ability. He called Cardano a “better layer 1” and, in fact, one of the best of the layer 1 networks.

Also, he said ADA would rebound from its current lows, insisting it is not dead. He mentioned this even as the coin trades near its previous bear market lows, dropping to $0.2205 before rebounding to its current price of $0.0285.

While not all altcoins will make a comeback, Crypto Kid highlighted ADA as one of the few that would recover. He noted that the coin is in that particular category, hinging the belief on its ecosystem strength.

As a result, he sees this price level or slightly lower as a good entry point for outsized gains when the bull season starts. The analyst suggested that it was better to buy Cardano here than at the December 2024 high of $1.32 or the August 2025 peak of $1.019.

“You obviously want to buy 99% down, and that’s where we are for Cardano,” he stated.

Cardano is a Great Asset

Interestingly, Crypto Kid is not the only analyst holding this firm belief on Cardano. YouTuber Crypto Jebb also recently shared this sentiment, calling ADA a “great asset.”

According to him, it is one of the assets that one can’t resist buying at a good price. The market watcher called these levels a fantastic entry point, as the bottom price is not far away. When the recovery does start, he noted that ADA would target prices around $2.

Meanwhile, Cardano SPO is also in sync with this narrative, claiming that these levels provide generational entry points. His target is at least a twentyfold rally from the current price, which would align with a new all-time high above $5.

However, the tone is still cautious due to uncertainties. While analysts claim that the mid- and long-term expectations remain bullish, ADA would first have to withstand the current harsh market environment.

XRP DeFi Push Accelerates as FXRP Supply Nears 100M Milestone

Lele Jima
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XRP DeFi Push Accelerates as FXRP Supply Nears 100M Milestone

Flare Networks reports that FXRP supply is nearing 100 million tokens, with most of the wrapped XRP already locked in decentralized finance (DeFi) protocols. 

The project recently announced this milestone, underscoring the rapid adoption of its XRP-focused DeFi initiative, launched less than a year ago. 

Key Points 

  • FXRP supply is closing in on 100 million tokens, marking a major adoption milestone. 
  • The wrapped version of XRP from Flare has reached this level just five months after its September 2025 launch. 
  • Nearly 70% of the FXRP supply is locked across Flare-based DeFi protocols. 
  • Flare’s DeFi ecosystem has attracted 7,016 users and processed over 2.28 million transactions. 

FXRP Nears 100M Supply Milestone 

According to Flare, the supply of FXRP, its wrapped version of XRP, is fast approaching 100 million, reaching that level just five months after its September 2025 debut. Since launch, the supply has surged as more users deposited XRP into Flare vaults to mint FXRP in return.

Initially, only a few tokens entered circulation within the first few days. However, supply quickly climbed to 97.25 million at the time of Flare’s report. It has accelerated further to 98.82 million at press time, representing roughly $145.05 million in value. 

Notably, users minted these tokens across 37,570 transactions, indicating strong, sustained network activity. As a result, FXRP now sits just 1.18 million tokens shy of the 100 million milestone. 

Image

Nearly 70% Locked Across DeFi Protocols 

Meanwhile, Flare emphasized that the vast majority of FXRP, representing about 81.35 million tokens, is locked across DeFi protocols on the network. They include projects like Kinetic, Firelight, BlazeSwap, and Upshift, among others. 

So far, the Flare ecosystem has attracted 7,016 DeFi users and processed over 2.28 million DeFi transactions, further confirming the rapid expansion and deepening engagement within the FXRP network. 

Highlighting the milestone’s significance, Flare stressed that the surge reflects the power of giving XRP real on-chain utility, including yield generation and liquidity provision.

Giving XRP Holders Passive Income Opportunities 

Flare now stands among the few platforms enabling XRP holders to access decentralized finance, a capability previously unavailable to the token. Consequently, the initiative opens new passive-income opportunities, a vision strongly backed by Flare CEO Hugo Philion.

Meanwhile, although Flare and similar projects have expanded yield-generating options for XRP holders in recent months, some concerns persist about their long-term relevance once the XLS-66 amendment introduces native lending on the XRPL. However, leading community voices, including Vet, have dismissed these fears, arguing that both ecosystems will complement rather than compete.

Moreover, beyond DeFi, Philion recently outlined plans to support XRPL’s push into real-world asset (RWA) tokenization by providing privacy tools and secure computing features, further strengthening the network’s broader utility and institutional appeal. 

EMJ Capital CEO Eric Jackson Outlines $50 Million Bitcoin Vision for 2041

Mark Brennan
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EMJ Capital CEO Eric Jackson Outlines $50 Million Bitcoin Vision for 2041

EMJ Capital CEO Eric Jackson has issued one of the most ambitious long-term forecasts yet for Bitcoin.

He suggests that the cryptocurrency could reach $50 million per coin by 2041 and evolve into a foundational pillar of the global financial system.

In an interview with financial journalist Phil Rosen, Jackson said Bitcoin’s future role may extend far beyond its current reputation as a digital store of value. Instead, he believes it could ultimately function as core financial infrastructure underpinning sovereign balance sheets and global liquidity.

Key Points

  • Eric Jackson projects Bitcoin could reach $50 million per coin by 2041.
  • He believes Bitcoin may serve as core financial infrastructure for sovereign balance sheets and global liquidity.
  • Jackson compares Bitcoin to gold, noting its scarcity, independence from political control, and programmability.
  • His “Vision 2041” sees Bitcoin as a neutral, apolitical reserve asset underpinning existing currencies and bonds.

From Contrarian Investing to a Bitcoin Thesis

Jackson compares his Bitcoin thesis to the same contrarian investment philosophy that guided his earlier successes, what he calls the “hundred bagger” strategy. The approach focuses on identifying assets that appear fundamentally broken in the short term but retain strong long-term potential.

He pointed to Carvana as a defining example. In 2022, the company’s stock collapsed from roughly $400 to about $3.50 amid widespread pessimism. 

Despite the sharp decline and negative sentiment, Jackson believed the company’s core platform remained valuable. Customers continued to rely on its convenience, and he saw a path to recovery through operational improvements and debt restructuring.

For Jackson, the episode reinforced a key lesson: markets exaggerate fear during downturns. He now sees similar emotional extremes influencing Bitcoin, with both critics and advocates contributing to distorted expectations.

Moving Beyond the “Digital Gold” Narrative

Jackson argues that Bitcoin’s long-term significance is often obscured by short-term price volatility and polarized debate. While some skeptics dismiss it entirely, he says others promote unrealistic forecasts that undermine serious analysis.

Furthermore, he drew the familiar comparison to gold, which continues to serve as a reserve asset for central banks and sovereign governments. Bitcoin, he noted, shares several key characteristics, including scarcity and independence from political control. However, unlike gold, Bitcoin is fully digital and programmable, offering potential advantages in a modern financial system.

At the same time, Jackson acknowledged Bitcoin’s limitations as a transactional currency. Although early examples, such as the well-known 2011 pizza purchase, demonstrated its use in payments, widespread adoption in everyday commerce has remained limited.

Vision 2041: Bitcoin as a Global Collateral Layer

Jackson’s most ambitious projection stems from his analysis of the historical evolution of global finance. Gold once anchored monetary systems, but its influence diminished as new financial structures emerged. For context, beginning in the 1960s, offshore dollar markets reshaped global liquidity, and sovereign debt eventually became the primary collateral supporting modern financial systems.

Today, governments rely heavily on sovereign bonds to finance operations and maintain liquidity. Jackson believes this structure contains inherent vulnerabilities, therefore creating an opening for a neutral, digitally native reserve asset.

Under what he calls “Vision 2041,” Bitcoin could emerge as that neutral base layer. Rather than replacing existing currencies, like the U.S. dollar, or bond markets, he envisions Bitcoin serving as foundational collateral beneath them. Its decentralized and apolitical design, he argues, makes it uniquely suited for this role.

Given the immense scale of global sovereign debt markets, Jackson believes Bitcoin’s value would need to rise dramatically to support such a function. This reasoning underpins his $50 million price target by 2041.

At the time of writing, Bitcoin was trading at $68,582, down 3% over the previous 24 hours. The price also remained 46% below its October peak of $126,080.

XRP Surge to $1.66 and Subsequent Crash Tracked to Upbit, as Volume Hits $614M

Mark Brennan
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XRP Surge to $1.66 and Subsequent Crash Tracked to Upbit, as Volume Hits $614M

Data shows the sudden XRP price spike to $1.66 and subsequent collapse largely came from trading activity on Upbit.

For context, XRP recorded sharp price swings over the weekend, climbing to a two-week high of $1.66 before plunging sharply within hours. Market data now suggests that activity on Upbit, South Korea’s largest crypto exchange, may have triggered much of the volatility.

Key Points

  • XRP rose from $1.53 at 3 AM UTC on Sunday to $1.6698 by 8 AM UTC, marking a 9% increase within five hours.
  • Following the peak, XRP collapsed to $1.44 by 20:00 UTC on the same day, a 13.7% drop within 13 hours.
  • Market data now suggests that Upbit, Korea’s largest exchange, may have contributed significantly to the price swing.
  • The XRP/KRW pair on Upbit has recorded $613.9 million in 24-hour trading volume, surpassing both Bitcoin and Ethereum on the platform.
  • Upbit accounted for 12.16% of XRP’s global trading volume, exceeding Binance’s $461 million across two pairs and Coinbase’s $269 million.

Upbit Contributing to XRP’s Price Swings

According to a recent analysis from Dom, a widely followed market analyst and order book specialist, XRP touched $1.66 over the weekend before dropping 16% from that level. 

Interestingly, he noted that once XRP reached the $1.66 peak, Upbit began placing heavy sell pressure on the order books. Dom reported that 50 million XRP had been net sold at market over a 15-hour period. The analyst then questioned what was happening behind the scenes at the exchange, as this may reflect manipulation tactics.

Manipulation May Be Out of the Picture

However, in a follow-up analysis, Dom said he conducted full forensics on the activity. He found that wash trading accounted for less than 0.07%, suggesting that the bulk of the activity came from genuine spot selling rather than artificial volume. 

He concluded that the transactions appeared to come from real retail or institutional participants. Notably, this indicates that manipulation may be out of the picture.

Dom also identified 12,775 unique trade sizes, which he suggested was a sign of multiple entities or a sophisticated distribution strategy. 

Between 8 AM and 12 PM KST (11 PM and 3 AM UTC), he observed roughly 2,500 sell orders per minute, with individual trade sizes ranging from 100,000 to 250,000 XRP. He noted that this wave of selling created a 12.5% market impact. Despite the pressure, Dom stressed that Upbit had sufficient liquidity to absorb the volume.

Timeline of the Weekend XRP Price Swing

Broader market data confirms that XRP experienced one of its largest price swings over the weekend, as the market remained in a downtrend. Specifically, a recovery began on Saturday, Feb. 14, when XRP traded at $1.40 by 6 AM UTC. From that point, the asset posted a gradual but consistent climb.

By 3 AM UTC on Sunday, XRP had reached $1.53. The move gained momentum from here. Notably, between 3 AM and 8 AM UTC on Sunday, XRP surged from $1.53 to a two-week peak of $1.6698, marking a gain of more than 9% in just five hours.

However, the rally quickly reversed. By 20:00 UTC on the same Sunday, XRP had fallen from $1.6698 to $1.44. For perspective, this drop represented a 13.7% decline within 13 hours. 

Since then, the price has stabilized, fluctuating between $1.45 and $1.49. At the time of reporting, XRP trades at $1.4655. Dom now suggests that the sharp reversal largely came from massive sell volume concentrated on Upbit, which ranks among XRP’s largest trading venues globally.

Upbit’s Dominance in XRP Trading Volume

Additional market data shows Upbit’s massive role in XRP trading. The XRP/KRW pair on Upbit has posted a 24-hour trading volume of $613.9 million, making XRP the most traded asset on the platform. The volume significantly exceeded that of other major crypto assets.

XRP Trade Volume on Upbit
XRP Trade Volume on Upbit

Specifically, XRP’s $613.9 million volume was 3.71 times higher than Ethereum’s $165.3 million and nearly five times greater than Bitcoin’s $125 million on the same exchange. 

XRP also led trading activity on Bithumb, the second-largest exchange in Korea. On Bithumb, XRP generated more than $315 million in volume, surpassing Bitcoin’s $152 million and Ethereum’s $90 million.

On a global scale, Upbit continues to lead XRP trading activity even after the XRP/KRW volume eased to $587.9 million at press time. Upbit accounts for 12.16% of XRP’s worldwide trading volume. This figure places it ahead of Binance, which recorded $461 million across two XRP pairs, and Coinbase, which posted $269 million.

XRP Global Trade Volume
XRP Global Trade Volume

Why Reclaiming $0.0000067 Support is So Important for Shiba Inu

Elendu Benedict
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Why Reclaiming $0.0000067 Support is So Important for Shiba Inu

Following the recent Shiba Inu drop, the price now trades just below a key support level, which is crucial to its next trajectory.

The doggy-themed meme coin broke lower earlier in February, as most other cryptocurrencies did, dipping below the famous October 10 lows. Two weeks ago, specifically, SHIB fell to $0.00000507, marking a new historic low.

However, Shiba Inu has shown resilience since then. While it has reclaimed higher levels, it still remains below a crucial demand zone that could significantly affect its price direction.

Key Points

  • Following the recent Shiba Inu drop, the meme coin now changes hands just below a key support level, which is crucial to its next price trajectory.
  • Two weeks ago, specifically, SHIB fell to $0.00000507, marking a new historic low.
  • While it has reclaimed higher levels, it still remains below a crucial demand zone that could significantly affect its price direction.
  • The former support at $0.0000067 is crucial, as it has previously served as a base for SHIB’s price on higher timeframes.
  • With the meme coin less than 1% away from support, reclaiming it would pave the way for higher prices.

Shiba Inu Below but Testing Key Support Level

Following its 30% bounce from the early February low to its current market price of $0.0000066, Shiba Inu now sits around a key resistance area. This former support at $0.0000067 is crucial, as it has previously served as a base for SHIB’s price on higher timeframes.

The weekly chart shows that it formed a bottom in early 2021 when the token looked weak post-launch. SHIB consolidated around this area for months before eventually breaking out in September 2021 to reach its all-time high of $0.0000885 the next month.

The support also formed a base during the 2022/2023 bear market. Specifically, Shiba Inu retested this area multiple times during this period before gaining momentum, lifting from there to the cycle’s high of $0.00004567.

Notably, the recent dip saw Shiba Inu fall below its support to mark a new low. With bullish momentum slowly returning, the token is attempting to reclaim the $0.0000067 support level. Market watcher Ali Martinez highlighted this in his recent price analysis, reinforcing its importance.

What’s Next After if SHIB Reclaims Support

With the meme coin less than 1% away from support, Martinez noted that reclaiming it would pave the way for higher prices. An accompanying chart shows that this support lies in the lower boundary of a price range.

Shiba Inu Weekly Chart/Ali Martinez
Shiba Inu Weekly Chart/Ali Martinez

If Shiba Inu breaks above this, it could reclaim the mid and upper bands of the range. The midpoint aligns with the $0.0000148 support and the upper band at $0.0000329, representing 122% and 393% increases from the current price.

Meanwhile, Martinez noted that the closest target is $0.0000099, close to the psychological $0.000010 level. SHIB would have to rise 48% from here to reclaim this level.

It is worth noting that this bullish price action is no guarantee, as the market could turn sideways again. Another Bitcoin downturn would invalidate the uptrend; hence, caution is advised.

If Shiba Inu Returns to Its Previous ATH, Here’s What $1,000 or $5,000 in SHIB Today Could Become

Lele Jima
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0
If Shiba Inu Returns to Its Previous ATH, Here’s What $1,000 or $5,000 in SHIB Today Could Become

Despite the broader crypto market’s weak performance, investors continue to assess the potential profits Shiba Inu (SHIB) could generate if it revisits its previous all-time high.

Indeed, a return to its former peak of $0.00008845 would mark a major recovery and deliver significant gains to today’s investors. This projection highlights how a renewed bullish cycle could impact small- and medium-sized investments of around $1,000 or $5,000

Key Points 

  • A return to $0.00008845 for Shiba Inu would deliver substantial gains for early investors. 
  • Investments of $1,000 or $5,000 in Shiba Inu would fetch about 151 million SHIB or 756 million. 
  • Analysts now project that SHIB could revisit its ATH between 2027 and 2031. 
  • Despite these bullish projections, several challenges, including massive token supply and limited major catalysts, could delay a sustained breakout. 

Potential Worth of $1K or $5K SHIB Investment if Price Rallies to $0.00008845 

Shiba Inu reached its ATH of $0.00008845 on October 28, 2021, just 14 months after launch. However, the token has since declined sharply and now trades at $0.000006614, representing a 92.52% dip from its peak. 

While this prolonged downturn has frustrated holders, some investors see the lower price as an opportunity to accumulate ahead of a potential bullish cycle. 

At the current price, a $1,000 investment would purchase roughly 151.2 million SHIB tokens. If SHIB climbs back to $0.00008845, that holding would be worth about $13,380, generating over $12,000 in profit.

Similarly, a $5,000 investment would secure approximately 756 million tokens. At the same ATH level, that position would grow to nearly $66,900, delivering an ROI of roughly $62,000. 

$0.00008845 Price Predictions

During the 2024/2025 market cycle, several analysts projected that Shiba Inu would reclaim its previous all-time high of $0.00008845 and even surpass $0.0001 as early as 2025. However, that scenario failed to materialize, as SHIB declined alongside the broader crypto market.

Meanwhile, other forecasters have adopted more conservative timelines. Analysts at Changelly initially predicted SHIB would exceed its ATH by 2027 but have since revised the target to October 2031.

Changelly $000008845 prediction for Shiba Inu
Changelly $000008845 prediction for Shiba Inu

Similarly, Telegaon expects SHIB to reach $0.00008845 by 2029. In addition, ChatGPT projected that the target could be achieved by 2027. 

SHIB to $000008845 prediction Telegaon
SHIB to $000008845 prediction Telegaon

Based on these estimates, investors could realize major gains of between 2027 and 2031 if SHIB returns to its former peak.

However, some industry figures avoid setting firm timelines. For instance, Shiba Inu’s marketing lead, Lucie, suggested the token could surpass its ATH, citing catalysts such as Valour’s SEK-denominated SHIB ETP launch. Nonetheless, she did not specify when such a breakout might occur. 

Can SHIB Reclaim Its ATH?

SHIB would need to rally approximately 1,237% from its current level to revisit $0.00008845. It is worth noting that the token has delivered even larger gains during the 2020/2021 bull run.

Despite this precedent, a near-term return to the ATH appears unlikely. SHIB faces key structural challenges, including its massive token supply, competition, and shifting ecosystem priorities under lead developer Shytoshi Kusama. Moreover, the project lacks major catalysts, such as a U.S.-based spot ETF, that could fuel a sustained breakout.  

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