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Analyst Says XRP Still on Track to Surge 12x Against Gold Despite Market Crash

Sam Wisdom Raphael
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Analyst Says XRP Still on Track to Surge 12x Against Gold Despite Market Crash

Rupert, the host of the AllInCrypto show, has renewed his bullish stance on XRP in the aftermath of the latest broader market crash. 

The market analyst insists that XRP is still on track to reach his $19 target. According to Rupert, XRP’s structure still looks strong, and it could outperform gold twelvefold once the next rally begins.

XRP Slumps Amid Market Crash

His latest analysis comes on the back of the October 10 flash crash, which caused massive liquidations worth $19 billion across the entire crypto market, marking the biggest single-day wipeout in crypto history. 

During the event, XRP fell sharply from $2.80 to $1.58 in less than an hour before rebounding to around $2.40. Notably, Rupert described the drop as one of the harshest one-hour moves this year, caused mainly by exchanges failing to handle sudden liquidity shocks. 

XRP Still in a Strong Position

He noted that despite the chaos, XRP recovered quickly and ended up trading only about 10% lower than before the crash. According to him, this quick rebound showed that the market still has underlying strength.

Speaking further, Rupert referenced the latest CoinShares digital asset report, which indicated that XRP investment funds recorded an accumulation trend even after the crash. As recently reported by The Crypto Basic, XRP investment funds saw inflows worth $61.6 million last week.

Citing this bullish event, Rupert said institutional investors continue to load up on XRP ahead of what they expect to be a major breakout. He explained that while overleveraged traders suffered heavy losses, long-term investors used the dip to buy more tokens, confident in XRP’s long-term outlook.

According to the market analyst, XRP still trades within a rising channel that has held firm since late 2024. He believes this structure will eventually break to the upside, keeping his $19.27 target within reach. He based this projection on a wedge pattern that XRP broke out of last November, a setup similar to what occurred before the massive rally in 2017.

XRP Still Within Rising Channel AllInCrypto
XRP Still Within Rising Channel | AllInCrypto

A Repeat of the 2017 Pattern

Rupert insisted that XRP’s current behavior mirrors the same 2017 pattern almost perfectly. Back then, XRP ran into its all-time high, corrected about 60 to 65%, and then skyrocketed into a new rally. He expects history to repeat, saying the recent pullback is only another shakeout before the next big move.

Rupert also said XRP’s technical outlook remains firmly bullish. He explained that the flash crash acted as a retest of the breakout level from the wedge pattern, and this confirmed that the market still holds strength. 

He also noted that XRP appears to be forming a “cup and handle” pattern. Notably, this setup often leads to explosive rallies. If this plays out, he said XRP could go far beyond $19, possibly even approaching $100 in the long run.

Meanwhile, Rupert also analyzed XRP’s chart against gold. Interestingly, he expects the token to outperform the precious metal by roughly twelve times from its current levels. With XRP currently trading for 0.0006 against gold, a 12x rally would lead to a price of 0.007, which translates to a $30 value for XRP at gold’s current price of $4,178.

The analyst described the XRP/XAU chart as “very healthy,” saying it points to a massive move ahead, even with gold’s continued strength. To him, XRP now sits in an ideal position for aggressive accumulation before its next major rally.

XRP Against Gold AllInCrypto
XRP Against Gold | AllInCrypto

Elon Musk Breaks Silence on Bitcoin After a Long Pause

Albert Brown
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Elon Musk Breaks Silence on Bitcoin After a Long Pause

After maintaining a long silence on Bitcoin, Elon Musk has once again stirred the crypto community.

In a brief but telling exchange on X, the Tesla and SpaceX CEO agreed with a post suggesting that Bitcoin’s rise is tied to the global shift toward energy-driven value creation.

His words have revived speculation that Musk may be revisiting his earlier stance on the world’s largest cryptocurrency.

Tesla’s Bitcoin Journey

The renewed interest comes against the backdrop of Tesla’s dramatic history with Bitcoin.

For instance, in early 2021, under Musk’s leadership, Tesla announced a $1.5 billion investment in Bitcoin. Unsurprisingly, this move shook both Wall Street and the crypto community.

Moreover, the company also revealed plans to accept Bitcoin as payment for its electric vehicles. The announcement prompted a wave of enthusiasm across markets.

However, just months later, Musk abruptly suspended Bitcoin payments, citing concerns over the energy-intensive nature of Bitcoin mining. He argued that the network’s reliance on fossil fuels was at odds with Tesla’s clean energy mission.

Accordingly, Musk said the company would consider restoring Bitcoin payments only once a substantial shift toward renewable mining practices occurred.

This reversal sent shockwaves through the crypto market. It also marked the beginning of Musk’s gradual retreat from active involvement in Bitcoin discussions.

The 2022 Sell-Off and Period of Silence

By mid-2022, as the crypto market slid into what became known as the “crypto winter,” Tesla sold roughly 75% of its Bitcoin holdings. The company cited the need to strengthen its cash position amid uncertain economic conditions.

The timing of the sale, which occurred near Bitcoin’s cycle low, drew significant attention. Yet, Musk remained notably quiet, choosing not to elaborate on Tesla’s broader crypto strategy.

Furthermore, his public detachment from the topic continued well into 2023 and 2024. Even then, this was true when other technology leaders attempted to draw him back into the conversation.

A Single Word that Spoke Volumes

That silence was broken today when X user ZeroHedge, with over 2.2 million followers, posted about the simultaneous surges in Gold, Silver, and Bitcoin.

The post argued that these rallies were driven by currency debasement with global governments ramping up spending to fund what it called an AI “arms race” between the United States and China.

Musk replied with a simple “True,” expressing agreement. He went on to express a sentiment that strongly aligned with the views of Bitcoin supporters. In particular, he noted that while fiat currency can be artificially created, Bitcoin’s foundation in energy makes it inherently resistant to manipulation.

Tesla Still Holds Billions in Bitcoin

Despite the 2022 sell-off, Tesla remains one of the few major companies still holding a significant Bitcoin reserve. Data from Arkham Intelligence shows Tesla retains approximately 11,509 BTC, worth $1.27 billion at current market prices.

Notably, Musk’s recent comments don’t confirm any changes at Tesla, but they show he’s keeping a close eye on digital assets, particularly Bitcoin and Dogecoin.

Cardano Foundation Joins the Ripple-Cofounded MiCA Crypto Alliance: Details

Elendu Benedict
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Cardano Foundation Joins the Ripple-Cofounded MiCA Crypto Alliance: Details

The Cardano Foundation has joined forces with the MiCA Crypto Alliance and will now provide resources to boost the Web3 ecosystem.

The MiCA Crypto Alliance, an organization focused on supporting crypto industry compliance with MiCA regulations, has announced a new member. On Monday, it disclosed that the Cardano Foundation has joined the alliance, adding to its growing list of compliance-focused members.

Notably, the Cardano Foundation also confirmed this move today, expressing its willingness to collaborate with the alliance to boost regulatory adherence in the Web3 ecosystem.

Cardano Foundation Joins MicA Crypto Alliance

The MiCA Crypto Alliance disclosed that its latest associate is an “independent, Swiss-based, not-for-profit” entity that oversees the advancement of the Cardano ecosystem. Cardano founder Charles Hoskinson founded the Foundation in 2015 to collaborate with the Input Output Global (IOG) and EMURGO to drive the adoption of Cardano.

Notably, the Cardano Foundation’s entrance into the association would help in the creation of the compliance resource for the Web3 ecosystem. The MiCA Crypto Alliance would also release a MiCA-compliant white paper on ADA, the native token of the Cardano network.

The alliance highlighted its importance, noting that the ADA white paper would support crypto-asset trading platforms (CATPs) in ensuring they meet the obligations of offering the token to the public. It would also serve as a benchmark for other exchanges and issuers looking to draft a similar piece.

Incorporation of Cardano-Native Tokens

The white paper template release would also incorporate Cardano Native Tokens (CNTs). MiCA Crypto Alliance would also release an updated paper for the tokens, building on the original template published by the Cardano Foundation.

The alliance noted that it will publish the ADA white paper and the updated white paper in the coming days. It will also share further updates if it releases them for public use.

Notably, Exponential Science (formerly the DLT Science Foundation) founded the MiCA Crypto Alliance in September 2024 with three founding members. They include Hedera, Ripple, and the Aptos Foundation. The initiative was to streamline MiCA regulation compliance, following the debut of the regulatory policy in Europe.

Additionally, the move follows the Cardano Foundation’s resolve to push the adoption of the ADA ecosystem globally. It recently approved the commitment for eight-figure ADA tokens to boost stablecoin DeFi liquidity in the network.

BlackRock Deposits $446M Worth of Bitcoin and Ethereum to Coinbase

Sam Wisdom Raphael
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BlackRock Deposits $446M Worth of Bitcoin and Ethereum to Coinbase

BlackRock has deposited nearly half a billion dollars’ worth of Bitcoin and Ethereum tokens to Coinbase Prime through its ETF products.

On-chain data captured by Arkham Intelligence confirmed the recent fund movements, which occurred over 11 minutes a few hours back. Specifically, the asset manager began with the movement of Ethereum tokens through its iShares Ethereum Trust ETF (ETHA).

BlackRock Moves $446M in BTC and ETH to Coinbase

Data indicates that ETHA first transferred 3,158 ETH tokens to Coinbase Prime at 10:38 UTC today. Interestingly, over the course of the next few minutes, it transferred nine batches of 10,000 ETH each worth over $39 million to Coinbase, with the last transaction occurring at 10:46 UTC.

Overall, the BlackRock Ethereum ETF product moved 93,158 ETH worth $368.35 million at the current price of $3,954 to Coinbase Prime within eight minutes. These latest movements reduced the ETF’s Ethereum holdings to 4.093 million tokens worth $16.19 billion, data from Arkham indicates.

Meanwhile, BlackRock’s iShares Bitcoin Trust (IBIT) followed with transfers to Coinbase Prime as well. Notably, IBIT moved 703.736 BTC worth $77.67 million at current prices to Coinbase Prime at 10:49 UTC. While the fund transferred the asset across three transactions, it did this simultaneously.

Following the recent Bitcoin movements, the BlackRock Bitcoin ETF currently holds 802,591 BTC tokens valued at a whopping $89.19 billion, as it remains one of the largest Bitcoin holders nearly two years after its launch. 

Essentially, BlackRock’s Bitcoin and Ethereum ETFs transferred $446.02 million worth of Bitcoin and Ethereum to Coinbase Prime within minutes. Expectedly, the transactions have triggered discussions within the crypto community, as proponents discuss the possible implications.

BlackRock Moves Bitcoin and Ethereum to Coinbase
BlackRock Moves Bitcoin and Ethereum to Coinbase

BlackRock Bitcoin and Ethereum ETFs See Mixed Flows

Notably, the Ethereum transactions come as the BlackRock Ethereum ETF witnesses massive outflows amid the ongoing market uncertainty. Data from Sosovalue indicates that Ethereum ETFs saw $428.52 million in outflows yesterday, with BlackRock’s product accounting for $310.13 million.

In contrast, the Bitcoin movements come on the back of inflows recorded by the BlackRock Bitcoin ETF. Specifically, while the Bitcoin ETF market experienced outflows of $326.52 million yesterday, BlackRock’s IBIT bucked the trend, recording inflows of $60.36 million.

While most market commentators have suggested that BlackRock ETFs often move tokens to Coinbase Prime for selloffs when the products see outflows, historical context indicates that this is not always the case.

Notably, with Coinbase acting as the custodian for BlackRock’s ETFs, such deposits indicate routine ETF operations. Though these operations could translate to redemptions, which lead to selloffs, they could also just involve managing liquidity. Essentially, the ETHA movements likely led to sales, while the IBIT transactions involved other routine operations.

Jim Cramer Fears Crypto Growing Grip on US Stocks, Says “the Tail is Wagging the Dog” 

Lele Jima
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0
Jim Cramer Fears Crypto Growing Grip on US Stocks, Says “the Tail is Wagging the Dog” 

CNBC’s Mad Money Host Jim Cramer expresses concerns over the growing influence of cryptocurrencies on U.S. traditional financial equities. 

In an X post, Cramer pointed out that speculative behavior in the crypto market is now exerting a noticeable impact on the S&P 500. He used the metaphor, “the tail wagging the dog,” to describe a situation where the smaller part of a more volatile segment starts to influence a much larger system. 

In this context, Cramer referred to cryptocurrency speculation as the “tail” and the S&P 500 as the “dog,” suggesting that digital assets are now influencing movements in traditional U.S. equities. 

His remark implies that when crypto prices surge, the stock market tends to rally, and when the crypto market crashes, equities often follow with declines. He admitted that he had been worried about this trend materializing over the past few weeks.

Bitcoin and S&P 500 Dip 

Amid his concern, data from multiple sources show that the price of Bitcoin has plunged over 4% today, dropping from $115,500 to $110,343. Similarly, the S&P 500 has also plummeted 1.34% in the same timeframe. However, the recent drop comes amid U.S.-China trade tensions, which wreaked major havoc on the crypto market over the weekend. 

Additionally, mounting uncertainty over the U.S. Federal Reserve’s upcoming decision on interest rates has further contributed to the recent downturn in global markets. Nonetheless, Cramer still believes crypto speculation is dictating S&P 500 performance, rather than the other way around. 

Inverse Cramer Meme Resurfaces 

As expected, X users quickly flooded the comments with the “Inverse Cramer” meme, joking that his fear signals a perfect time to buy. 

The narrative revolves around how Cramer’s predictions and commentary usually move in the opposite direction. For instance, last year, he predicted that Bitcoin would crash to zero, but the apex crypto rallied over 40% several months later. 

Citing Cramer’s history of failed market calls, some users urged him to make bearish predictions for top cryptocurrencies. Tony Edward, host of the Thinking Crypto Podcast, even asked Cramer declare that Bitcoin will never reach $200,000, Ethereum will never hit $10,000, and XRP is heading to zero. 

The premise is that because Cramer’s predictions often prove wrong and move in the opposite direction, his bearish calls could actually signal major rallies for these digital assets. 

Analyst Says XRP Next Leg Up Will Be the Ethereum Killer

Abdulkarim Abdulwahab
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0
Analyst Says XRP Next Leg Up Will Be the Ethereum Killer

XRP community commentator Alex Cobb believes the next XRP pump could be the one that attempts to dethrone Ethereum in the global rankings.

Cobb shared this perspective after renowned market veteran Peter Brandt drew attention to XRP’s historical price action, calling it one of the most technically “pure” long-term charts in the crypto market.

The chart Brandt shared spans over a decade, capturing XRP’s price movements from 2013 to 2025. It showcases a precise sequence of symmetrical triangles and consolidation zones, each followed by a powerful breakout.

Three Cycles, One Pattern

Notably, Brandt’s chart identifies three key phases in XRP’s evolution. The first was the 2013–2017 period, when XRP traded in a multi-year consolidation before its explosive 2017 breakout, during which the price skyrocketed over 70,000%.

A similar pattern emerged between 2018 and 2024. Specifically, a descending structure formed after the 2018 peak, eventually leading to another breakout by late 2024. The XRP price surged by 600% during this breakout.

Now, in the 2024–2025 phase, the ongoing pattern appears to be repeating the historical structure. XRP is consolidating between $2.60 and $2.80 after facing rejection at its recent peak of $3.66. But market watchers argue another parabolic phase may be approaching.

XRP historical chart by Peter Brandt
XRP historical chart by Peter Brandt

XRP’s adherence to these formations makes it a textbook example of long-term market rhythm, confirming that a continuation of the earlier bull phase may be underway.

The XRP Next Leg Up Will Be the ‘Ethereum Killer’

Following Brandt’s post, crypto influencer Alex Cobb commented, “The next leg up on XRP will be the Ethereum killer”. In other words, he is suggesting that XRP could overtake Ethereum in the next bullish phase.

Notably, XRP currently has a market cap of $147 billion, while Ethereum is far ahead with $480 billion. To overtake ETH, XRP would need to surge by over 230% from its current price of $2.46 to cross $8. Meanwhile, any rebound in Ethereum’s price would further widen the gap, limiting XRP’s chances of overtaking ETH.

Any Chance XRP Overtakes ETH?

Cobb’s projection reflects optimism within the XRP community that the token could overtake ETH by the end of this bull cycle. During XRP’s breakout run in late 2024 and early 2025, there were widespread expectations and projections for XRP to become the second-biggest cryptocurrency, as it briefly did in 2018.

This optimism was fueled by Ethereum’s sluggish price movement at the time, during which it significantly underperformed. However, Ethereum’s position has since improved. In August, it even set an all-time high of $4,950, after surging 239% from its April lows of $1,385.

This shift led commentators like analyst Charting Guy, who once predicted the XRP “flippening,” to reverse his stance.

Charting Guy stated XRP may only climb 2.5x from its price at the time, arguing that it will still trail Ethereum. He cautioned against overly optimistic projections and encouraged holding both ETH and XRP.

XRP advocate Bill Morgan echoed this sentiment, stating that a flippening is unlikely in this cycle but could happen in the future.

Citigroup Targets 2026 for Regulated Bitcoin and Ethereum Custody Platform

Zabi
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Citigroup Targets 2026 for Regulated Bitcoin and Ethereum Custody Platform

Citigroup is preparing to roll out cryptocurrency custody services in 2026.

The initiative will enable the bank to offer secure storage of native digital assets for institutional clients. Among these assets are Bitcoin and Ethereum, according to CNBC.

Biswarup Chatterjee, Citigroup’s global head of partnerships and innovation for services, leads the initiative. He said the project has been in development for nearly three years.

According to him, the custody platform aims to provide a credible, regulated storage solution for crypto assets. Specifically, it is designed to offer asset managers and other institutional investors secure and reliable access to digital assets.

Building a Hybrid Custody Framework

Citigroup’s upcoming service will use a hybrid model that combines internal development with selective external partnerships. For instance, certain components of the custody system will be built internally. Meanwhile, others may depend on third-party technologies to support a variety of asset types.

Chatterjee emphasized that the bank remains open to multiple approaches as it finalizes the framework. 

“We may design certain tools ourselves, while exploring external collaborations for others,” he told CNBC, adding that no specific options have been ruled out.

Regulatory Changes Encourage Bank Participation

The move follows recent regulatory adjustments in the United States that have made it easier for traditional banks to enter the crypto market.

In early 2025, the Federal Reserve, FDIC, and OCC rescinded guidance that had mandated banks to inform regulators before pursuing crypto-related activities.

Consequently, the shift has eliminated major obstacles for established financial institutions, enabling them to explore new opportunities. In response, several Wall Street firms are expanding their roles in crypto custody and blockchain services.

Positive Market Outlook Fuels Momentum

Complementing the custody plans, Citigroup analysts are expressing confidence in the continued strength of Bitcoin (BTC) and Ethereum (ETH). 

In a recent CNBC interview, Scott Chronert, Citi’s U.S. equity strategist, predicted that both cryptocurrencies are likely to sustain their upward trajectory into 2026.

Moreover, Chronert noted that Bitcoin and Ethereum now act as hedging tools for investors seeking to diversify beyond equity markets. Thus, this trend highlights the growing sophistication of digital assets in institutional portfolios.

Expanding Focus on Stablecoins and Cross-Border Payments

While advancing its custody plans, Citigroup is also strengthening its involvement with stablecoins. In particular, the bank regards them as key tools for transforming cross-border payment systems.

Chatterjee noted that stablecoins could play a transformative role in emerging markets with limited banking infrastructure, enabling faster and more efficient money transfers. 

Reflecting this belief, Citi Ventures, the bank’s venture capital arm, recently made a strategic investment in BVNK, a firm specializing in stablecoin solutions.

Joining a European Stablecoin Consortium

In addition to its U.S. initiatives, Citigroup plans to join a consortium of nine European banks. Together, they are developing a regulated euro-denominated stablecoin, according to Bloomberg.

The group, which includes ING, UniCredit, and DekaBank, intends to launch the token in the second half of 2026.

Expert Says When Major Price Action Come for XRP, Don’t Expect Easy Exits

Lele Jima
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Expert Says When Major Price Action Come for XRP, Don’t Expect Easy Exits

Jake Claver, CEO of Digital Ascension Group, warns that retail XRP holders may face liquidity shortages on exchanges during significant price movements. 

Liquidity Shortages Could Trap XRP Holders 

Jake Claver, CEO of Digital Ascension Group, has issued a stark warning, pointing out that the real challenge is not whether XRP will achieve lofty valuations, but whether investors will be able to preserve their wealth once it does. 

In his view, this liquidity shortage stems from institutional buyers dominating over-the-counter (OTC) markets, leaving retail traders struggling to access the market through ETFs tied to XRP. 

How XRP Holders Can Preserve Wealth 

In the X post, Claver criticized the common mindset that merely holding XRP would be enough to generate generational wealth. However, he cautioned that without prior planning — covering wealth infrastructure, tax strategies, and custody solutions — most investors could lose their fortunes.   

According to him, wealth preservation has nothing to do with the size of one’s portfolio, but rather with strategic preparation. As a result, he outlined a practical framework that XRP holders should follow in anticipation of life-changing gains. 

First, he urged existing investors to plan their exit strategy by determining the price level at which they intend to liquidate portions of their holdings. 

The second step involves obtaining real custody, which requires investors to transfer their XRP from exchanges to secure institutional custody or a decentralized wallet to avoid freezing and insolvency risks. 

Third, he urged investors to establish wealth structures early when XRP’s price is at $2.45, not when it surges to $3,000. This involves establishing LLCs and trusts for asset protection and tax efficiency. 

Finally, Claver called on community members to understand that XRP’s price catalyst has gone past retail FOMO and is now increasingly tied to institutional adoption, which ranges from banks settling transactions with XRP to stablecoins utilizing the token as a bridge asset. 

XRP’s Future Role in Finance Already Happening 

Furthermore, he argued that much of the groundwork for XRP’s future role in finance is already in place. According to him, XRP already has regulatory clarity following the SEC v. Ripple case, in which it was deemed not to be a security. 

He further noted that banks are increasingly exploring distributed ledger technology to manage risk in the over $400 billion derivatives market, with initiatives like DTCC’s Project ION having been operational since 2022. Claver also highlighted Ripple’s recent $250 million acquisition spree aimed at tokenizing banking assets. 

While he believes XRP is well-positioned to reach significant price levels as institutional adoption soars, he emphasized that the real challenge is whether investors are prepared to preserve the generational wealth it could create. 

Analyst Says XRP Supply Shock Is No Longer a Meme

Abdulkarim Abdulwahab
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0
Analyst Says XRP Supply Shock Is No Longer a Meme

XRP community figure Zach Rector says the long-discussed XRP supply shock is no longer just a meme but starting to materialize. 

In a recent update, Rector noted that DeFi projects like Flare Network’s FXRP are now locking up massive amounts of XRP. This implies the token’s freely tradable supply is shrinking faster than many realize.

Rector disclosed that he recently minted $100 worth of FXRP, on top of $90 minted last week, as part of his experiment with the Flare ecosystem. 

Each minting round locks up XRP in Flare’s core vault, effectively removing it from circulation while creating a wrapped version, FXRP, that can earn yield in decentralized finance (DeFi) protocols.

Flare Leads the XRP DeFi Boom

Flare’s FAssets project, which allows non-smart contract tokens like XRP to access DeFi utilities, has seen explosive demand since launch.

A previous report from The Crypto Basic confirmed that more than $43 million worth of XRP had already been bridged onto the network to mint FXRP as of October 8. Today, that figure has increased to $56 million at current market rates, representing roughly 20 million FXRP in circulation.

Notably, the project currently maintains a weekly minting cap of 5 million FXRP, which has been consistently sold out within hours. The first 5 million allocation was fully minted in four hours, and the most recent round reached its cap in just three hours.

This highlights the enthusiasm among XRP holders seeking yield opportunities without selling their tokens.

Why This Matters for XRP’s Circulating Supply

While each FXRP minted represents XRP locked away on the XRP Ledger, analysts argue that this process could significantly reduce the amount of XRP available for trading. 

Philion revealed that Flare aims to secure up to 5% of XRP’s total supply through its FXRP system. This development aligns with widespread community warnings about an impending XRP supply crunch.

Earlier, XRP commentator Chad Steingraber suggested that only 21 million XRP, comparable to Bitcoin’s total supply, may eventually remain available for public trading. 

He highlighted that Axelar’s mXRP aims to manage $10 billion in XRP, while Flare’s FXRP is targeting 5 billion XRP by mid-2026. Combined, the two projects could lock up 8 billion XRP, roughly 13% of the current circulating supply.

Shrinking Exchange Balances and Institutional Accumulation

The potential supply shock comes amid sharp declines in XRP exchange balances. Coinbase, for instance, saw its XRP reserves plunge by over 96% in less than three months.

Meanwhile, institutional interest is accelerating. Asset managers like 3iQ and REX-Osprey already hold millions of XRP via ETFs. Additionally, as many as seven spot XRP ETFs are launching soon.

Companies, including VivoPower and Wellgistics, have also announced plans to hold XRP as a reserve asset.

The Beginning of the XRP Supply Shock Era

According to Rector, this is “just getting started”. As more XRP tokens go into DeFi protocols, institutional funds, and long-term reserves, the liquid supply available for open-market trading could dwindle fast.

Interestingly, hypothetical estimates suggest XRP price could soar to four digits if only 21 million tokens are publicly available for trading. 

Cardano Rebound Flashes Similarity With 2020/2021 Cycle

Mark Brennan
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Cardano Rebound Flashes Similarity With 2020/2021 Cycle

A recent analysis has drawn similarities between the current ADA/BTC trend and the 2021 cycle, suggesting that Cardano could see greater highs.

Notably, Beastlorion shared what he called “Cardano hopium” in his Monday X post. His optimistic approach comes as sideways price action persists for the 10th-largest cryptocurrency by market cap.

In the past 24 hours, ADA has pulled back by nearly 6%, taking its seven-day decline to 20.2%. Data further identifies a 25% retracement over the past month, with its year-to-date performance standing at a negative 19%.

Repeating Historical ADA/BTC Trend

Nonetheless, Beastlorion highlighted a recurring pattern in the ADA/BTC chart that could deliver a glimmer of hope for holders. It shows a descending trendline breakout, which, if the price action from 2021 repeats, could lead to Cardano gaining against Bitcoin.

For perspective, during the 2017/2018 bull cycle, Cardano outperformed Bitcoin extensively, reaching a peak of 0.00008788 against BTC. However, the bear market retracement that followed led to a drop to around the lows of 0.0000040 in early 2020, with a descending trendline forming on the 1-month chart.

Meanwhile, a breakout ensued around July 2020, with ADA breaking out against BTC and pushing the descending trendline. The outburst ensured that Cardano outperformed Bitcoin, rallying to its cycle top of $3.10 while the ADA/BTC chart topped at 0.00006271 by September 2021.

The chart shows that a similar pattern is repeating. After the 2021 top, ADA regressed against Bitcoin within another descending trendline until its lows of 0.00000470 in November 2024. Cardano’s bullish price action in November prompted a breakout from the resistance trendline to the top of 0.00001380 in early December.

ADA/BTC Chart
ADA/BTC Chart

Cardano Could Follow Past Price Action

Now, ADA is retesting the trendline breakout, a pattern it observed in 2020 before the final rally. If Cardano receives similar momentum from the 2020 breakout, then it could see more upside.

The chart shows a possible surge from the current price of 0.000006 to 0.000050, which would boost the price of ADA to $5.5 at the current BTC price of $110,855. Meanwhile, at Bitcoin’s all-time high of $126,220, this could culminate in a Cardano price of $6.3.

Notably, while ADA did not reach its 2018 highs against Bitcoin in 2021, it still managed to make a new all-time high. This analogy suggests that the token could still reach unprecedented prices even if it doesn’t reach its 2021 high against BTC.

Nonetheless, this depends solely on the performance of Bitcoin. It also bears mentioning that a growing ADA/BTC chart does not mean that Bitcoin is in a bearish trend. It only implies that Cardano is performing better.

Remarkably, the chart shows a massive decline in trading volume between the 2021 bull cycle and the current market condition. The discrepancy, among others, raised doubts over the possibility of a repetition.

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