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Top Trader Calls XRP Short — Here’s What Happened

Abdulkarim Abdulwahab
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Top Trader Calls XRP Short — Here’s What Happened

A high-profile crypto trader known as Trader Daink called for a short on XRP, expecting lower lows.

Earlier today, the price of XRP dipped to $2.80 before bulls stepped in to defend the psychological support. However, Daink had projected that the support would not hold.

He told his 91.5K followers on X to short XRP when the price was trading at $2.87, expecting it to drop from the resistance zone toward the $2.80 support area. The setup included a stop-loss around $2.896.

Daink expected to profit from a 2.5% XRP drop, from $2.87 to $2.79, which, with leverage, could have significantly amplified the potential gains.

XRP chart by Daink
XRP chart by Daink

Early Exit to Limit Damage

Meanwhile, other traders mocked Daink’s XRP short call, suggesting it came too late. Some even claimed the chart he shared looked bullish, pointing to a possible misread in his bearish setup.

For example, one trader, Hammy, revealed he opened a short when XRP traded for $2.954 and exited at $2.70. With 20x leverage, the trade yielded a 202% profit.

Interestingly, Daink later acknowledged his miscalculation regarding XRP’s short-term price action in a follow-up update.

Specifically, he disclosed that he had closed the position before the stop-loss was triggered as the market failed to break down. He noted that he took a –0.5R loss, meaning he lost half of his predefined risk amount.

Indeed, XRP bulls stepped in just as Daink announced his short. Rather than dipping, the price continued its uptrend. At press time, XRP trades at $2.92, marking an intraday high after briefly touching $2.80, a 4.29% gain.

Essentially, XRP price action defied Daink’s bearish expectations and even exceeded his highlighted stop-loss level.

Not the Time to Short XRP

Notably, a growing number of voices in the crypto community believe XRP is poised for higher prices. Developer Harry Harald recently shared this sentiment, joining other commentators like Alex Cobb, who is calling for $4 as the next target.

Analyst Ali Martinez also flagged a TD Sequential buy signal, which historically has 60–70% accuracy. Several other analysts echoed the optimism, seeing upside potential after XRP broke out of its downtrend.

Now, all eyes are on XRP reclaiming the $3 mark before pushing higher.

Arthur Hayes and Brian Armstrong Predicts Bitcoin to $1,000,000

Elendu Benedict
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Arthur Hayes and Brian Armstrong Predicts Bitcoin to $1,000,000

BitMEX co-founder and prominent American businessman Arthur Hayes has projected that Bitcoin would rally to seven-figure prices faster than most anticipate.

He stated during an interview at the Korea Blockchain Week (KBW) 2025 that Bitcoin would soar to $1 million by the end of 2028. The timeline is barely three years away, but Hayes expressed optimism that Bitcoin could surpass the price mark by then, sharing why he is convinced it will happen.

Bitcoin to Soar to $1M on US Money Printing

Notably, Hayes says that accelerated money printing by the Donald Trump administration will drive Bitcoin to this price level. He noted that the current administration will end in the next three years, and before then, they would have printed enough dollars to push BTC over his projected price target.

The prominent industry leader has been big on quantitative easing and its impact on the price of Bitcoin. Historically, when the US government lowers interest rates, the money supply tends to increase. Sometimes, to fuel this, they print more money, which increases inflation and consequently decreases the value of the dollar.

The Federal Reserve recently slashed interest rates by 25 basis points, a figure Trump believes should be higher. He has incessantly called on the US central bank to cut rates, insisting it would reduce the interest the government pays on its debt.

If the central bank continues to yield to Trump’s pressure, then many suggest that money printing is inevitable. Hayes is among those in that school of thought, predicting that the current administration will print a lot before their tenure expires.

Remarkably, Bitcoin has thrived in these circumstances, and Hayes believes history will repeat. His Bitcoin to $1 million prediction would require a 786% spike from the current price of $112,894.

Coinbase CEO Doubles Down on Bitcoin to $1M Prediction

In a parallel development, Coinbase CEO Brian Armstrong also reiterated his forecast that Bitcoin will reach $1 million by 2030. He doubled down on this prediction in his tweet today, citing his comments from a recent appearance on FOX Business.

Meanwhile, his bullish disposition comes from several factors, including the numerous tailwinds in the cryptocurrency ecosystem. He said Bitcoin was like gold and has thrived in periods of economic uncertainty.

Furthermore, he cited emerging regulatory clarity, such as the GENIUS Act and the Market Structure bill, as a factor that could clear Bitcoin’s path to $1 million. Notably, the GENIUS Act has been passed into law, but the CLARITY Act now awaits approval from the US Senate.

Armstrong further noted that the US now has a strategic Bitcoin reserve. According to him, such adoption will lead the G20 and other countries to adopt Bitcoin, increasing demand.

Additionally, he also tipped new investment vehicles like the Bitcoin spot exchange-traded funds (ETFs) to attract liquidity to Bitcoin. With these demand points and just 21 million BTC ever to exist, Armstrong believes the premier crypto asset has a long way to go.

Market Research Reveals How Much Bitcoin You May Need to Retire by 2035

Sam Wisdom Raphael
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Market Research Reveals How Much Bitcoin You May Need to Retire by 2035

Market research has provided data on how much Bitcoin the average investor would need to retire by 2035.

Notably, Bitcoin is now becoming a serious part of retirement conversations, especially as the U.S. plans to include it in mainstream 401(k) retirement plans. Some of the loudest voices in the space see it as the ultimate tool for preserving wealth. 

Michael Saylor, the Executive Chairman of Strategy, has highlighted this point for years. In April 2022, he told CNBC that he believes Bitcoin is the perfect retirement asset, arguing that it is safer than real estate or stocks. 

Research Showing How Much Bitcoin You Need to Retire

Amid these discussions and the persistent accumulation trend among investors with conviction, the question is, how much Bitcoin would someone actually need to retire comfortably?

This is exactly what researcher Sminston With set out to answer. Specifically, he built a study covering 96 countries and nine different age groups, from 5 years old to 75. 

His model looks forward to 2035, assuming 7% annual inflation, and then calculates retirement costs based on each country’s average income. 

To keep the expectations realistic, he used a conservative Bitcoin price forecast: the 5th percentile of a long-term power-law trend line. He also assumed retirees would spend their Bitcoin directly on living expenses and plan to live to 100 years old.

Bitcoin Retirement Requirement by Country

Notably, the findings are rather interesting. Across most of the world, the amount of Bitcoin needed to retire by 2035 is below 1 BTC. However, the requirements depend on where you live and how old you are now.

At the top of the scale are wealthy places like Bermuda, Norway, Luxembourg, Qatar, and Ireland. In these countries, the chart shows retirement needs in the 1 to 5 BTC range for most age groups, with the youngest people requiring even more because they have longer retirements to cover. 

Bitcoin Needed to Retire by 2035 Sminston With
Bitcoin Needed to Retire by 2035 | Sminston With

On the lower end are countries with lower costs of living, such as South Sudan, Myanmar, Cameroon, Kyrgyzstan, and Cambodia, where the requirements fall below 0.1 BTC, with some as little as 0.01 to 0.05 BTC depending on age.

Meanwhile, for major economies, the results land in the middle. Specifically, in the United States and the United Kingdom, most age groups would need between 0.5 and 1 BTC to retire in 2035. 

Canada is slightly lower, with requirements closer to 0.3 to 1 Bitcoin depending on age. Countries like Turkey and Thailand sit around 0.05 to 0.1 BTC, making retirement much cheaper in Bitcoin terms compared to Western economies.

Age Makes a Difference

Moreover, age was an important part of the calculations. For instance, a 5-year-old today, who would technically “retire” at 15 in 2035 under this model, would need around 2.77 BTC to fund 85 years of life. 

Nonetheless, a 35-year-old would need coverage for 55 years, while a 75-year-old only needs enough for 15 years, so their requirement is just a fraction of a coin. This age gradient shows why younger cohorts appear on the higher end of the chart even in lower-cost countries.

Flare CEO Reveals How XRP Can Work Harder for Holders in DeFi

Lele Jima
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Flare CEO Reveals How XRP Can Work Harder for Holders in DeFi

Flare Network CEO Hugo Philion has shed more insight on Firelight, its liquid staking protocol designed to expand XRP holders’ access to DeFi opportunities. 

Speaking in an interview on the Thinking Crypto podcast, Philion explained that the initiative allows users to deposit their XRP into Firelight and mint a staked version of the asset. Specifically, once XRP is deposited into Firelight, users can mint liquid staking token stXRP.

Benefit of stXRP

According to Philion, this liquid staking token functions similarly to FXRP, Flare’s wrapped version of XRP, which is used in decentralized finance (DeFi). However, he emphasized that stXRP offers the dual advantage of allowing users to earn yield while also accessing loans without the need to sell their staked XRP.

The initiative is part of the team’s commitment to transform XRP into a yield-bearing asset. Flare has added XRP as an F-asset, enabling holders to wrap their XRP tokens into FXRP and participate in DeFi opportunities.

Earlier this year, the company elevated this ambition by announcing plans to offer low-risk staking options for XRP holders through Firelight. Last month, Philion disclosed that Firelight could help XRP holders earn up to 7% in yields.

The Firelight system is built to stay non-custodial and decentralized. These features will ensure users maintain control of their assets and avoid the risks of centralized platforms.

Potential Impact of DeFi on XRP Price

Philion expects the protocol to gain significant traction and take XRP to new heights. Meanwhile, several projects have been pushing to expand XRP DeFi opportunities.

Earlier this week, Axelar Network introduced a liquid staking solution for XRP holders via its mXRP token, allowing them to earn annual returns of up to 10%.

As Flare and other crypto projects expand DeFi opportunities for XRP, some community members believe these developments could significantly influence the token’s price.

Dom Kwok, the co-founder of EasyA, speculated that a true DeFi breakout for XRP could lift its price to roughly four figures. Other catalysts supporting Kwok’s bold prediction include increased retail and institutional participation, upcoming XRP-focused ETFs, and stablecoin payments.

In the meantime, institutional clients have shown interest in Firelight. Nasdaq-listed energy firm VivoPower has already committed $100 million worth of XRP in support of the liquid staking initiative. Leading cryptocurrency exchange Uphold has also partnered with Flare to provide retail access to FXRP.

XRP Holders Now Have Only 10 Days to Claim NIGHT Tokens

Lele Jima
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XRP Holders Now Have Only 10 Days to Claim NIGHT Tokens

Holders of XRP and Cardano (ADA) may be at risk of missing out on a historic airdrop.

Notable Cardano community member Rick McCracken has sent a gentle reminder to eligible beneficiaries of the Midnight (NIGHT) airdrop.

In a tweet today, McCracken reminded the beneficiaries that they only have 10 days left to claim their NIGHT tokens from the portal. The screenshot indicates that users have roughly 10 days and 12 hours left to claim NIGHT tokens before the first phase of the claim window closes. 

For context, the Midnight team launched the claim portal on August 5, enabling 33.6 million addresses across eight blockchains to claim their free NIGHT tokens. The supported blockchains include Cardano, XRP Ledger, Bitcoin, Ethereum, Avalanche, Solana, Basic Attention Token, and BNB. 

The team allocated 50% of the NIGHT supply to Cardano holders, 20% to Bitcoin users, while the remaining 30% is shared among the other six supported blockchains.

Although some users initially faced difficulties claiming their tokens, the team has resolved most of the glitches, enabling broader access to the airdrop.

Number of Claims 

In an August 19 update, Cardano founder Charles Hoskinson disclosed that 69,105 addresses across all networks have claimed roughly 1.32 billion NIGHT tokens, representing 5.5% of the 24 billion supply. 

At the time, Cardano users comprised 61.3% of total claims, with Bitcoin and XRP holders contributing 19.43% and 5.72%, respectively. On August 23, he revealed that over 70,000 eligible users have claimed more than 1.6 billion NIGHT tokens. 

Subsequent Phases 

With 10 days remaining before the initial phase claim portal closes, the Glacier Drop will conclude on October 4 at 12:00 p.m. (UTC). Once the Glacier Drop concludes, the next phase, called the Scavenger Mine, will commence immediately over the next 30 days. During this phase, users will earn portions of unclaimed NIGHT for completing computational tasks. 

Subsequently, the team will give eligible beneficiaries who missed out on the Glacier Drop the opportunity to claim NIGHT during the Lost and Found phase. Afterward, any leftover NIGHT will be sent to the project’s treasury. 

The claimed tokens will be released in four installments of 25% each, distributed to users’ destination addresses over the course of one year.

Michael Saylor: Bitcoin Will Grow 10X Larger Than Gold

Zabi
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Michael Saylor: Bitcoin Will Grow 10X Larger Than Gold

Michael Saylor, the co-founder and executive chairman of Strategy, has once again drawn global attention with his bullish outlook on Bitcoin.

In a recent interview, Saylor predicted that the world’s largest cryptocurrency could grow to ten times the size of gold. The statement reflects his long-standing conviction that Bitcoin will become the dominant global store of value.

His remarks come at a time when both assets are making headlines for reaching record highs in valuation. Additionally, Bitcoin is drawing unprecedented levels of institutional and corporate demand.

Comparing Two Giants: Bitcoin and Gold

As of writing, Bitcoin’s total market capitalization sits at around $2.24 trillion. Gold, on the other hand, holds a valuation of more than $25.5 trillion.

Saylor’s prediction implies that Bitcoin could eventually surpass a $250 trillion market cap. Given its fixed supply of only 21 million coins, this would translate into a value of nearly $11.9 million per coin.

The path to such a figure would require an extraordinary rally of more than 10,000% from current trading levels. As of publication, Bitcoin is trading at $112,599, down 0.50% over the past 24 hours.

Why Saylor Believes Bitcoin Will Surpass Gold

The foundation of Saylor’s argument lies in the dynamics of demand versus supply. According to him, the growing appetite from corporate treasuries and institutional investors is creating a structural supply squeeze.

Currently, Bitcoin miners generate around 900 coins per day. However, reports show that demand far outstrips this output. A study from River Financial noted that businesses buy roughly 1,755 BTC per day. In addition, ETFs acquire an average of 1,430 coins. Combined, demand exceeds new supply by more than threefold, putting persistent upward pressure on prices. 

Saylor explained that companies adopting Bitcoin are not just accumulating. In fact, they are often buying more than the daily mining output, leaving little for the open market. He believes this steady imbalance is one of the strongest signals that Bitcoin’s valuation could climb dramatically in the coming years.

Bitcoin’s Edge Over Gold

For Saylor, Bitcoin’s superiority over gold is not only about numbers. He stresses that Bitcoin, unlike gold, is borderless, programmable, and tariff-resistant. He often contrasts the ease of transferring Bitcoin across borders with the physical constraints of gold, famously noting, “You can’t teleport gold.”

Saylor also voiced support for the proposed U.S. strategic Bitcoin reserve bill, noting its potential benefits. He argued that holding Bitcoin can strengthen both corporate and national balance sheets. In his words: “Bitcoin is money, everything else is credit.” 

The phrase, once associated with gold, underscores his belief that Bitcoin has become the ultimate form of digital capital.

Expanding Corporate Treasuries

Corporate treasuries are increasingly validating Saylor’s thesis. Strategy (a.k.a. MicroStrategy) itself, under his leadership, continues to expand its Bitcoin reserves.

Just last week, the company announced the purchase of 850 BTC worth nearly $100 million at an average price of $117,344. This lifted MicroStrategy’s total holdings to 639,835 BTC, acquired for $47.33 billion at an average price of $73,971 per coin.

The firm also reported a 26% yield on its Bitcoin holdings, cementing its status as the largest corporate holder of the cryptocurrency.

Other corporations are following suit. Japan’s Metaplanet recently expanded its reserves by $632 million, boosting its total holdings to nearly $3 billion.

In Latin America, Brazil’s OranjeBTC purchased 3,650 coins worth $385 million ahead of its public listing. This acquisition propelled it to become the region’s largest corporate Bitcoin treasury.

Today, more than 190 publicly listed companies hold Bitcoin on their balance sheets. Together, their institutional holdings exceed 1.5 million BTC. ETFs led by financial giants such as BlackRock are also steadily buying on behalf of institutional clients, further tightening the market.

Broader Financial Perspectives

Saylor is not alone in drawing comparisons between Bitcoin and gold. Author and investor Robert Kiyosaki, best known for Rich Dad Poor Dad, has repeatedly advised investors to diversify into Bitcoin alongside gold and silver to shield themselves from financial uncertainty.

Meanwhile, traditional finance institutions are beginning to acknowledge Bitcoin’s growing role. A recent Deutsche Bank report suggested that by 2030, central banks could hold both Bitcoin and gold as part of their reserves.

The report highlighted the shared qualities of scarcity, liquidity, and trust, suggesting that the two assets could complement rather than replace one another.

From Hedge to Financial Backbone

Saylor argues that Bitcoin is evolving beyond its role as a hedge against inflation. He sees it becoming digital capital for the credit markets, similar to how gold once underpinned centuries of global trade.

“The world ran on gold-backed credit for 300 years,” Saylor said. “The world’s going to run on digital gold-backed credit for the next 300.” 

He believes this shift positions Bitcoin not just as an alternative investment, but as the very foundation of future financial systems.

Here’s Dogecoin Price Target For Cup and Handle Pattern on Weekly chart

Elendu Benedict
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Here’s Dogecoin Price Target For Cup and Handle Pattern on Weekly chart

Dogecoin could rally to a new all-time high upon breaking out of a developing classical cup and handle pattern on the weekly chart.

The broader market correction did not spare Dogecoin (DOGE), which has declined by over 10% in the past seven days. Most of its losses came on Monday, when it retraced by 7.8%, contributing to the crypto bloodbath that liquidated $1.7 billion worth of trading positions in 24 hours.

Bullish Pattern Bolsters Dogecoin Rebound Optimism

Dogecoin now trades around the $0.240 support, an area analysts believe would trigger a strong rebound if it holds. Meanwhile, a recent Dogecoin prediction commentary has identified another catalyst for a push to levels never seen in the token’s history.

Specifically, CobraVanguard shared a comprehensive analysis of the DOGE/USDT weekly chart on Tuesday, which buttressed the meme coin’s current situation. It highlighted a developing classical cup and handle pattern, which could potentially set Dogecoin up for a parabolic expansion.

Notably, the cup side of the structure has fully formed. It emerged from the peak price of $0.760 in May 2021 and formed a U-shaped pattern ending at the December 2024 peak price of $0.4846.

Meanwhile, the handle-shaped formation began immediately after the December 2024 high, with the meme coin also dipping in alignment. After touching the base of the handle with its drop to $0.13 in April, the price of Dogecoin has started to go parabolic to complete the structure.

Pattern Confirmation and Dogecoin Breakout Target

The accompanying chart shows that Dogecoin would have to breach the resistance level around $0.4846 to confirm the cup and handle structure. This would mean a 102% rally from its current market price of $0.240 to the price last seen in December 2024.

Screenshot 2025 09 24 102654
Dogecoin Cup and Handle Pattern/CobraVanguard

If Dogecoin pulls this off and forces the breakout, the analyst notes that it would rally past $0.50. Specifically, his chart shows the target for the cup and handle pattern breakout is a 267% surge to a new all-time high of $0.880.

Remarkably, CobraVanguard has been consistent in his prediction that Dogecoin will rally to $0.88 for a while now. He spotted this developing cup and handle structure in April and has remained optimistic about its completion.

Moreover, his prediction aligns with growing optimism that Dogecoin will rebound from recent dips to new highs. Trader Tardigrade recently predicted a 3x rally, while JezzaBTC claims that DOGE holders are about to get rich, as a recurring pattern targets an ambitious $18 price mark.

Whales Pour $61M Into ASTER as Token Hits New All-Time High

Zabi
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Whales Pour $61M Into ASTER as Token Hits New All-Time High

The crypto market has been buzzing as whales continue to pour millions into ASTER, the native token of the decentralized derivatives exchange Aster.

Blockchain analytics firm Arkham Intelligence revealed that in the last 24 hours alone, three whale wallets added 31.26 million ASTER, valued at $61.64 million. This wave of accumulation highlights growing confidence among big investors in the token’s long-term potential.

Massive Whale Accumulations of ASTER

One wallet, labeled 0xFB3B, deposited about $73.95 million in USDT to the crypto exchange Gate.io. Hours later, the same wallet withdrew 24 million ASTER, worth $46.56 million. This suggests a large-scale conversion strategy, turning stablecoins into ASTER.

Another significant purchase came from wallet 0x5e30, which spent 1,090 BNB (approximately $1.11 million). With this investment, it acquired 549,194 ASTER at an average cost of $2.02 per token.

Adding to the frenzy, a newly created wallet, 0x5bd4, entered the market with a major buy. The wallet purchased 6.72 million ASTER, valued at $13.97 million, directly from the Bybit exchange at 02:59:13 UTC today.

All three whale wallets now hold ASTER as their largest position, signaling strong conviction over short-term speculation.

ASTER Price Surge Breaks Records

This whale-driven activity has had a direct impact on the token’s market performance. Over the past day, ASTER surged 34.47%, hitting a new all-time high of $2.25.

The rally has pushed ASTER’s total market capitalization to $3.72 billion, cementing its place as the 36th largest cryptocurrency in the world.

From Pennies to Billions: ASTER Explosive Debut

ASTER’s journey has been nothing short of extraordinary. The token was launched on September 17, 2025, at its token generation event (TGE), priced at just $0.02. 

In under seven days, the token’s value skyrocketed by more than 10,000%, making it one of the fastest-growing assets in the industry. For early backers, this represents life-changing returns. For the wider market, it highlights how quickly new projects can gain traction when supported by the right mix of technology, liquidity, and influential voices.

Binance Founder Support Boosts Investor Confidence

The rise of ASTER has also been powered by the endorsement of Changpeng Zhao (CZ), the former CEO of Binance. CZ remains a highly influential figure in the crypto ecosystem, and his backing has added credibility to Aster’s ambitious roadmap.

On September 19, CZ disclosed that Aster had become the second-largest holder of BSC-USDT, with holdings of approximately $131 million, second only to Binance itself, which holds $236 million.

On September 22, CZ congratulated Aster DEX after it reported an astonishing $3 billion in perpetual trading volume within 24 hours. His public encouragement has fueled hype around the project and likely influenced whale behavior.

Aster DEX

ASTER powers the Aster decentralized derivatives exchange (DEX). Built by YZi Labs, previously known as Binance Labs, the platform is designed with professional traders in mind.

Unlike many existing platforms, Aster introduces advanced features such as hidden orders, enabling stealth trading strategies, and extreme leverage options of up to 1001x. These tools aim to attract high-frequency and institutional-grade traders seeking flexibility beyond what traditional platforms offer.

The project is also backed by PancakeSwap, a major player in decentralised finance (DeFi). This backing strengthens its liquidity foundation and positions it to take on Hyperliquid, the current leader among decentralized derivatives exchanges.

Dogecoin Tests Crucial Support — Analysts Predict Next Steps

Mark Brennan
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Dogecoin Tests Crucial Support — Analysts Predict Next Steps

Dogecoin now rests on a crucial support area, with analysis projecting its next price action if it continues to hold the current level.

Market analyst DeGRAM, who claims to have a 90% accuracy in his Telegram channel, identified this current trend in a TradingView analysis on Monday. His prediction comes as Dogecoin follows a broader market correction, which has seen it retrace by nearly 9% since the start of this week.

The leading meme coin by market cap reached an intra-week low of $0.2308 today but has since rebounded. Interestingly, DeGRAM’s analysis suggests Dogecoin could see higher prices depending on its reaction to the current price level.

Dogecoin Reaches Support

The analysis highlighted that Dogecoin has now dropped to the $0.2400 support level following its earlier sideways trend. Notably, DOGE consolidated around the support in early September before its uptick to $0.3074, aligning with the resistance of a rising channel structure. After this, DOGE slipped to the current support region as the broader market corrected.

Screenshot 2025 09 24 091055
Dogecoin Analysis/DeGRAM

The analyst suggested that the meme coin could recover to upper levels if it holds the current support area. He expects the momentum from the current support to spark a rebound, retesting a notable resistance trendline.

The resistance resides around the $0.2860 price mark, representing a 19.8% rally from its current price of $0.2387. DeGRAM noted that a rally to this area would confirm bullish continuation for DOGE, opening the path for higher prices.

Positive Fundamentals to Support Rebound

Moreover, the analysis shows that recent fundamental developments support this rebound. It emphasized that Dogecoin sentiment is improving, as the recent 25-basis-point interest rate cut by the Federal Reserve favors risk assets.

The commentary also highlighted the inflow to crypto investment products in the previous week as a strong fundamental catalyst. While Bitcoin led the $1.96 billion influx, altcoins also saw massive investor traction, and the analyst stated that this shows demand.

There have also been positive developments from the Dogecoin spot ETF front. For instance, Swiss-based 21Shares recently registered its DOGE ETF on the Depository Trust & Clearing Corporation (DTCC), bringing its launch one step closer.

As a result, the analyst believes that these factors would support Dogecoin’s rally to $0.2860. However, he stressed that this run would only materialize if bears do not push DOGE below the $0.2400 support level.

Aligning Dogecoin Bullish Expectations

Meanwhile, Ali Martinez also shares a similarly bullish outlook on Dogecoin. He revealed in a recent tweet that this is a great zone to buy Dogecoin, as a breakout to $0.50 is imminent.

Dogecoin Breakout/Ali Martinez

Supporting this Dogecoin prediction is its bounce from the support region of an inverted descending triangle in the 12-hour timeframe.

He expects a bullish continuation from the current level, breaking past the upper resistance of the structure to the 1.618 Fibonacci extension at $0.50. This would mark a 109.4% rally from the current market price.

Here’s Why 13% of XRP Supply May Get Locked, Triggering a Supply Shock

Sam Wisdom Raphael
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Here’s Why 13% of XRP Supply May Get Locked, Triggering a Supply Shock

Digital Asset Investor (DAI), an XRP community figure, believes XRP could face a major supply crunch soon amid the ambitions from mXRP and FXRP.

Notably, his warning came on the back of the launch of mXRP, a yield-bearing project from Axelar Network. Following the launch, DAI called attention to two interviews that revealed how much XRP Axelar and Flare want to take out of circulation through their respective staking products.

Axelar and Flare Eye XRP Targets with mXRP and FXRP

In the most recent interview, Eleanor Terrett from Crypto in America asked Georgios Vlachos, co-founder and Director of the Axelar Foundation, what success would look like for the newly launched mXRP. 

In response, Vlachos said if the team had to identify a single measure, it would be assets under management. According to him, the team wants to manage $10 billion worth of XRP, which equals about 5% of the circulating supply.

Meanwhile, the second interview came from the Paul Barron Show. During the interview, Flare’s co-founder, Hugo Philion, gave a similarly ambitious target. Specifically, when Barron asked how much FXRP he expected to unlock this year, Philion said he wanted to see 5 billion XRP secured on Flare by mid-2026.

Imminent Supply Shock?

After highlighting both interviews, DAI argued that there could be massive implications. Notably, if Axelar succeeds in locking 5% of the supply through mXRP and Flare reaches its goal of 5 billion XRP through FXRP, the total adds up to around 8 billion XRP. 

For context, this figure equals about 13% of the current circulating supply. DAI suggested that just these two projects alone could contribute to the supply shock that most individuals in the community have been anticipating.

However, the goals remain ambitious at press time. For instance, the mXRP product, unveiled recently at XRP Seoul 2025, currently holds only 3.851 million XRP across the EVM Sidechain and the XRP Ledger, with most of the tokens, about 2.786 million on the sidechain. 

Axelar mXRP on XRPL EVM
Axelar mXRP on XRPL EVM

This represents just a tiny fraction, about 0.006% of the XRP circulating supply, when compared to the project’s $10 billion target. Still, it is important to point out that mXRP is in its early stages, so the project has time to grow.

Collapsing Exchange Reserve and Reduced Liquid Supply

Meanwhile, DAI’s supply shock warning comes at a time when XRP balances on exchanges also appear to be shrinking. 

Specifically, Coinbase’s XRP balance has dropped sharply in recent months. In June, the exchange held about 970 million XRP spread across 52 cold wallets. By Sept. 20, the balance had collapsed to just 32 million XRP sitting in two wallets. 

The sharp decline has led to speculation within the community that exchange balances are drying up, though Coinbase has not explained the movements or responded to questions.

Also, other community members point out that a large part of the supply is already tied up. Analyst 24HrsCrypto recently noted that Ripple controls 37.3 billion XRP in escrow and another 3.5 billion in liquid form. Chris Larsen holds 2.3 billion, while Arthur Britto holds 1.3 billion. Together, these account for about 44.4 percent of all XRP in existence.

He pointed out that institutional investors have also started building positions. For one, Purpose ETF owns 29.6 million XRP while Canadian manager 3iQ holds 45 million XRP. 24HrsCrypto estimated that retail investors probably own no more than 15% of the supply. 

The market pundit added that once major banks like JPMorgan, Wells Fargo, and Goldman Sachs enter the market, billions more XRP could end up in cold storage. Moreover, spot XRP ETFs, which could launch later this year, may also lock up some of the tokens in supply.

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