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Expert Says Bitcoin Falling to $112,000 is Nothing More Than a Liquidation Event

Elendu Benedict
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Expert Says Bitcoin Falling to $112,000 is Nothing More Than a Liquidation Event

According to a top market commentator, Bitcoin fell to $112,000 to hunt leveraged market traders; nothing more than that.

Bitcoin (BTC) experienced a significant decline on Monday, marking an unexpected turn of events. Many expected the premier asset to lead a broader market rally following the recent rate cuts. However, it instead dropped over 2% to a low of $111,809 yesterday before rebounding to its current market price of $113,120.

Bitcoin Dump a Liquidation Event, Nothing More

The price correction sparked a crypto bloodbath, which saw a spike in liquidations. Reports indicate that over $1.7 billion was wiped out of the cryptocurrency market within 24 hours on Monday, with more than 95% of the losses from long positions.

However, according to top market analyst “IncomeSharks,” there is no need to panic yet. Notably, he called the drop to $112,000 “nothing more than a liquidation event,” insisting that things will align for Bitcoin in the coming days.

His calm in the chaos comes from an understanding that Bitcoin is still holding a key support level. An accompanying chart shows that the retracement yesterday from around $115,300 saw it retest the support at $112,000. Despite its brief decline below, BTC has rebounded from the area, as it has previously done, to its current price.

Bitcoin Holds $112,000 Support

As a result, the analyst sees no reason why people should panic over the drop. He insisted that the squiggles will soon end, and Bitcoin will target higher prices. 

Moreover, his daily chart shows that, having held the support of a developing price channel, BTC could target the upper resistance, coinciding with the levels at its current all-time high of $124,457.

Bitcoin Prints Buy Signal—Here’s the Target

Meanwhile, prominent chartist Ali Martinez believes this is the time to buy the Bitcoin dip. With its drop below $113,000 on Monday, the TD Sequential indicator triggered a buy signal on the 4-hour chart, indicating a potential rebound.

How high can Bitcoin go? Martinez says to unprecedented prices. The commentator highlighted in a parallel chart that Bitcoin needs upward pressure to complete the right shoulder of a developing inverted head and shoulders (H&S) pattern.

The left shoulder formed with the low of $111,745 on August 22, and the head when Bitcoin dropped to $107,300 in early September. Following the $112,000 support retest yesterday, Martinez noted that a bounce would complete the pattern.

Bitcoin H&S Pattern Formation/Ali Martinez

Meanwhile, when Bitcoin finally breaks out from the neckline of the H&S pattern, Martinez predicts a rally to a new all-time high of $130,000. From the current market standing, this represents a 15% price growth.

Axelar Launches mXRP: Here’s How XRP Holders Can Earn Up to 10% Yield

Sam Wisdom Raphael
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Axelar Launches mXRP: Here’s How XRP Holders Can Earn Up to 10% Yield

Axelar Network has introduced mXRP, a new liquid staking token built to give XRP holders a way to earn steady returns.

In a recent commentary, Axelar pointed out that for years, XRP has ranked among the largest cryptocurrencies by market cap but offered no built-in yield. With mXRP, the team wants to change that by bringing DeFi opportunities to the XRP Ledger and targeting up to 10% yearly returns.

Axelar Provides an Overview of mXRP

Axelar explained that most of XRP’s $180 billion market cap currently sits unused. The team pointed out that existing yield products don’t scale well, struggle to provide sustainable returns, and don’t integrate smoothly with DeFi platforms. Unveiled during the XRP Seoul 2025 event, mXRP seeks to fix those issues. 

Specifically, it works as a yield-bearing version of XRP, issued by Midas under an EU-approved framework. Notably, well-known firms like Hyperithm manage the capital through delta-neutral strategies that adjust to market conditions.

Because mXRP functions as a liquid token, users can put it to work across DeFi apps on XRPL. Platforms such as Anodos Finance, XPmarket, and Strobe Finance already allow easy swaps between XRP and mXRP. 

Axelar also noted that the design of mXRP makes it more flexible than current yield products, with the goal of setting a standard return rate for the XRPL ecosystem. Overall, Axelar and Midas want to provide XRP holders with a safe, scalable way to earn yield while expanding DeFi on XRPL.

How to Get mXRP

According to the disclosure, getting mXRP takes just a few steps. Specifically, investors can either swap directly on XRPL through platforms like Anodos Finance or mint the token via the XRPL EVM. 

Those who choose to mint would first bridge XRP through Squid Router, deposit on Midas, and instantly receive mXRP. Moreover, custody providers like Fordefi and Fireblocks keep the assets safe while managers deploy the strategies behind the scenes.

Anodos Co-founder Discusses mXRP

Interestingly, Panos Mekras, co-founder of Anodos Finance, took to X to highlight how mXRP works in simple terms. He described it as a yield-bearing version of XRP whose value grows over time. 

According to him, holders don’t receive extra tokens. Instead, the token’s price gradually rises against XRP as yield builds up. For instance, if someone holds 100 mXRP for a year, they could redeem it for 110 XRP if the 10% yield stays on track.

Mekras said investors can either mint mXRP directly through Midas, which requires bridging and multiple wallets, or take the easier route of swapping XRP for mXRP on Anodos Finance’s decentralized exchange. 

He explained that the yield comes from strategies like lending, market making, and depositing on DeFi platforms. Notably, asset managers first lock the XRP, borrow stablecoins against it, and then put that capital to work in different markets. All of this activity remains transparent on Midas’ platform.

On safety, Mekras admitted no product can be risk-free. He noted that there is the possibility of smart contract bugs, technical issues, or market swings. 

Nonetheless, he highlighted that Axelar and Midas both operate under regulation, undergo audits, and bring credibility to the table. He advised users to research carefully and only commit amounts they feel comfortable holding.

Does mXRP Benefit XRP?

Mekras also pointed out that mXRP benefits XRP itself. Every XRP used to mint mXRP is locked, removing it from circulation and adding steady buying pressure. 

He explained that Anodos plays a central role by offering the most straightforward access point for swaps and liquidity pools. Meanwhile, Axelar’s bridge allows mXRP to move seamlessly between the XRPL mainnet and its EVM sidechain.

Afterward, he compared mXRP with FXRP, another XRP-based product on the Flare Network. FXRP is a trustless version backed by collateral but doesn’t generate yield on its own. Investors must manage their strategies to earn returns. Meanwhile, mXRP handles the strategies for users and builds the yield directly into the token’s value.

Shortly after the launch, Vet, an XRPL dUNL validator, shared early numbers showing how quickly mXRP gained traction. He noted that about $6.5 million worth of mXRP sits on the XRPL EVM sidechain, where the token originates. 

However, on the XRP Ledger itself, roughly $2.85 million has already been bridged through Axelar and issued as an IOU. He also pointed out that 99 wallets now hold mXRP, with 188 trustlines.

Top Analyst Says Shiba Inu Is ‘For Sure Dead’ but Predicts +600% Ahead

Mark Brennan
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Top Analyst Says Shiba Inu Is ‘For Sure Dead’ but Predicts +600% Ahead

Pseudonymous analyst MMBTtrader described the current Shiba Inu market as “dead” and frustrating for investors, warning that if the trend continues, SHIB risks falling out of the top 40 cryptocurrencies.

Despite this, the analyst noted that SHIB is still holding two key daily supports, which could enable a strong breakout if a red descending trendline is breached.

A Potential 600% Rally Back to Historic Highs

According to the market watcher, Shiba Inu has a long-term upside target of more than 600% if price clears its key resistance.

Specifically, the analyst identified $0.00007730 as the major target, a level last reached in October 2021 when SHIB recorded its all-time high.

Importantly, the expert explained that this projection relies on SHIB sustaining its major support levels and breaking through the descending red trendline that has capped price for months. 

The outlined move reflects a direct comparison to SHIB’s historical peak, which the analyst uses as the reference point for the 600% rally.

Shiba Inu is Dead but 600% move may come
Shiba Inu is Dead but 600% move may come

The 200% Target as a Key Barrier

In a separate analysis, MMBTtrader also outlined a 200% upside target for Shiba Inu, placing it near $0.00003364. Notably, the price reached this zone in March 2024 and again in December 2024, but on both occasions, sellers eventually outweighed buyers, leading to strong pullbacks. 

As a result, this repeated rejection has reinforced the level as a significant resistance barrier. Importantly, clearing this threshold is now considered essential for SHIB to unlock higher targets.

Meanwhile, until a breakout occurs above $0.00003364, upside progress remains limited, with further targets such as the 400% and 600% levels staying dependent on overcoming this established barrier.

Major Supports and the Path to A 400% Target

Moreover, the analyst identifies two major support zones for Shiba Inu at $0.000006 and $0.000010, which have previously marked turning points for upward rallies.

Meanwhile, the key resistance at $0.00003364 remains the crucial gateway to higher gains. A clear break above this threshold would pave the way for a 400% rally, a level last achieved in November 2021.

Importantly, maintaining these supports while overcoming resistance would establish the structure needed for SHIB to progress toward long-term objectives.

Thailand’s Best Performing Asset Is XRP—Not Bitcoin, Gold or Stocks

Elendu Benedict
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Thailand’s Best Performing Asset Is XRP—Not Bitcoin, Gold or Stocks

Thailand’s top market regulator has ranked XRP as the top asset for the ninth month running as the token maintains its lead over Bitcoin, gold, and stocks.

XRP has emerged as Thailand’s hottest asset, according to the Thai Securities and Exchange Commission’s monthly cryptocurrency market report. The regulator has ranked XRP as the top asset for nine consecutive months, as it maintains its healthy lead over other major forms of investment based on performance.

XRP Is the Hottest Asset in Thailand

For context, the report covered major assets based on their year-over-year performance as of August 2025. Again, XRP topped the ranking for the month, maintaining a strong 390% upside despite a 9.41% decline last month.

The growth has seen it outrank assets like Bitcoin, gold, and stocks. BTC sits second on the list with an 85% growth, which is miles off XRP’s uptick. Meanwhile, Ethereum’s 17.21% rally in August saw it displace gold to become one of the top three assets in Thailand.

Screenshot 2025 09 23 071818
XRP Leads Other Assets in YoY Performance

Meanwhile, XRP is still up 380% YoY despite its dip to $2.86. This positions it to maintain its lead, as no other asset has come close to its performance over the past year.

Remarkably, cryptocurrencies now comprise the top three assets in Thailand, indicating the sector’s significant growth potential. Their performances would continue to enhance their investor appeal, as they have consistently outperformed traditional investment vehicles, such as gold and equities.

XRP Leads Expanding Cryptocurrency Market in Thailand

Meanwhile, cryptocurrencies continue to thrive in Thailand, the report emphasized. The monthly trading volume grew 2% to reach 299.4 billion baht, which is about $8.2 billion.

The number of active addresses also saw an 8.44% uptick in August to 230,000, largely dominated by retail traders. They accounted for 42% of the total trades in Thailand, followed by institutional traders at 21%. Juristic entities and external investors constituted the remaining percentage at 18% and 16%, respectively.

Interestingly, this growing demand for digital assets persists despite Thailand banning most cryptocurrencies as a means of settlement. The exceptions are stablecoins like Tether, which the country approved for trading and settlements, and Bitcoin payments for tourists.

Nonetheless, Thai locals are increasingly tilting towards cryptocurrencies, especially with the latest debanking event, where 3 million locals lost access to traditional banking services due to a nationwide “mule account” crackdown. Many suggest that this hands alternative systems like blockchain technology the opportunity to penetrate the Thailand market.

Shiba Inu: Shibarium Bridge Exploiter Liquidates Entire BAD Tokens as Sell-Offs Continue

Lele Jima
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Shiba Inu: Shibarium Bridge Exploiter Liquidates Entire BAD Tokens as Sell-Offs Continue

In the latest development surrounding the Shibarium Bridge exploit, attackers have sold off the last of their BAD token holdings. 

Christopher Johnson (Mr. Lightspeed), President of Lightspeed Crypto Services and advisor to the Bad Idea AI (BAD) project, recently drew attention to the transaction. 

According to him, the attackers liquidated their stash of BAD tokens yesterday. Blockchain data also confirmed the transaction, showing that the attackers executed a swap of 2,057.39 BAD tokens for 3.2 ETH through MetaMask. 

The timestamp indicates that the swap occurred yesterday, September 22, 2025, at 02:36 (UTC). With the latest transaction, the attacker has officially cleared out their BAD stash. Shortly after swapping the BAD tokens, they transferred all 3.2 ETH to another address, 0x45b…0DF2a. 

Other Related Sales 

For context, following the exploit of the Shibarium Bridge on September 12, the attackers stole over $4 million of assets, including SHIB, ETH, and ROAR. The 2,057 BAD tokens were among the assets stolen in the attack. 

Notably, the attacker has been selling the tokens, according to on-chain data. Kaal Dhairya, a top developer of Shiba Inu, also confirmed the sale in his personal foreword. 

Over the past three days, the address linked to the attackers — the same one (0x45b…0DF2a) that received the 3.2 ETH — has liquidated most of its assets. 

On September 20, it sold 1.01 billion SHIB for 2.90 ETH ($12,107) through MetaMask. The following day, the address also swapped another stash of 3 billion SHIB for 8.64 ETH. Additionally, it also liquidated some of its LEASH holdings, selling 1,000 LEASH for 3.46 ETH. 

Current Holdings 

At press time, the address (0x45b…0DF2a) has a balance of 51.16 ETH, currently valued at $213,515. It also holds 4,746 LEASH tokens worth $52,255.

In the same wallet used to offload the BAD tokens, 0x3B7…511A8, the attackers still hold roughly 3,630 LEASH (valued at about $40,075). Notably, they also control additional tokens from the exploit across other wallets. 

Hackers Ignore 50 ETH Bounty 

In the meantime, the development has sparked mixed reactions within the community, with several members voicing frustration over the continuous sell-offs. 

However, another user pointed out that the attackers have so far rejected the Shiba Inu ecosystem team’s 50 ETH (approximately $208,000) bounty offer to return the stolen funds. Instead of considering the reward, they have been selling the stolen tokens for ETH.  

The Shiba Inu team has implemented containment measures to prevent further exploits. This includes suspending the Shibarium Bridge until further notice, while collaborating with authorities and security researchers to recover the stolen funds. 

US Lawmakers Push SEC to Speed Up Crypto Access in 401(k) Retirement Plans

Zabi
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US Lawmakers Push SEC to Speed Up Crypto Access in 401(k) Retirement Plans

A group of U.S. lawmakers is urging the SEC to speed up work on rules that would enable American workers to invest in crypto through their 401(k) retirement accounts.

The push reflects growing political momentum to treat digital assets as part of mainstream retirement planning.

Lawmakers Urge Swift Action

On Monday, nine lawmakers, led by House Financial Services Committee Chairman French Hill and Subcommittee on Capital Markets Chair Ann Wagner, wrote to SEC Chair Paul Atkins.

They urged him to coordinate with the Labor Department and make “necessary adjustments” to regulations. Doing so would enable cryptocurrencies and other alternative assets to be included in retirement plans.

According to the letter, the lawmakers believe the SEC must play a central role in updating guidance to reflect the changing investment landscape. They argue that retirement savers should have the freedom to access digital assets if fiduciaries find them appropriate.

Trump’s Executive Order as the Foundation

The request is anchored in President Donald Trump’s executive order from August, which set new guidelines for retirement investing. Notably, it focused on “democratizing access to alternative assets for 401(k) investors.”

The order instructed regulators, including the SEC, to remove barriers that limit the inclusion of crypto in participant-directed plans. Especially, the executive order mentions easing restrictions tied to accredited investor and qualified purchaser rules.

Potential Impact on Retirement Savings

Lawmakers backing the effort argue that crypto exposure could help 90 million Americans diversify their retirement portfolios. They stress that fiduciaries, not federal agencies, should decide on whether including digital assets is a sound strategy.

For context, the 401(k) system currently holds about $9.3 trillion in assets. Analysts say that if just 1% of these funds were directed toward cryptocurrencies, nearly $93 billion could flow into the digital asset market.

This amount would dwarf the $60.6 billion that has entered spot Bitcoin exchange-traded funds (ETFs) since their launch in January 2024.

Changing Stance from the Labor Department

The push comes after the Department of Labor walked back its earlier opposition to crypto in May. Its earlier guidance had urged fiduciaries to exercise “extreme care” when considering crypto in retirement plans, effectively discouraging adoption.

Meanwhile, even before clear regulations were in place, some public pension funds began experimenting with crypto-linked investments.

The Michigan Retirement System expanded its holdings during the second quarter by purchasing $10.7 million in the ARK 21Shares Bitcoin ETF while continuing to hold $15.6 million worth of shares in the Grayscale Ethereum Trust.

On the other hand, the Wisconsin Investment Board took the opposite approach. After being one of the first state pension funds to buy into BlackRock’s Bitcoin Trust ETF, it sold off its stake in the first quarter.

if Bitcoin Climbs to $200K, Here’s XRP Price Based on XRP/BTC Ratio

Sam Wisdom Raphael
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if Bitcoin Climbs to $200K, Here’s XRP Price Based on XRP/BTC Ratio

Dennis, a well-known crypto analyst who goes by the name Virtual Bacon, recently joined Paul Barron on his show to discuss the XRP market outlook. 

During the interview, Dennis projected where XRP could go in price by the end of this year and at the peak of the current market cycle. He based his forecast on XRP’s historical relationship with Bitcoin, providing specific price levels that he believes could play out.

XRP EOY and Cycle Top Targets

When Barron asked for his position on XRP’s near-term prospects and its long-term potential, Dennis looked to the XRP/BTC ratio. He explained that XRP faced suppression during the 2020 cycle, failing to approach the highs from 2017. 

For this reason, he has focused on whether XRP can reclaim its 2020 ratio top against Bitcoin, which stood at roughly 0.000033 BTC. According to him, if Bitcoin recovers to $120,000, though he personally expects it to reach closer to $150,000 at the midpoint, then XRP could reach a price of about $4.50. 

XRPBTC Chart Virtual Bacon
XRPBTC Chart | Virtual Bacon

Notably, Dennis believes this would likely play out by the end of the year or in early January, once the initial wave of ETF-driven excitement fully settles.

Meanwhile, the analyst also extended his outlook to the top of the cycle. Specifically, if Bitcoin appreciates further to $200,000 and XRP’s ratio against Bitcoin pushes higher to around 0.00005 BTC, then XRP could rise toward the $9 to $10 range. Currently, the XRPBTC ratio sits at 0.000025, which means Dennis expects XRP to outperform BTC by 100%.

Importantly, he noted that these targets represent realistic mid-cycle and peak projections. According to him, anything beyond them would require highly optimistic conditions where altcoins outperform Bitcoin by an impressive margin.

Potential Impact of XRP ETFs

Besides price action, Dennis and Paul Barron also discussed the potential impact of XRP ETFs. Notably, Barron pointed out that XRP recently launched an ETF product alongside Dogecoin, noting that some market watchers now consider it a momentum trade. 

He asked Dennis whether this early ETF activity signaled upside potential. For context, this referred to the Rex Osprey hybrid ETF, which holds up to 80% exposure. Following its debut, the ETF saw the highest natural opening volume for any 2025 launch.

Responding to Barron, Dennis explained that while momentum does exist, the true turning point will come once spot XRP ETFs debut, which should arrive in about a month.

Barron then mentioned Steven McClurg of Canary, who predicted that XRP ETFs could see inflows as high as $5 billion, which he argued might make it the biggest ETF launch ever. In contrast, James Seyffart of Bloomberg Intelligence expressed more caution, believing Bitcoin would still maintain the crown. 

In response, Dennis highlighted the difference between price performance and inflows. He said that XRP’s ETF, thanks to the coin’s volatility, could outperform Bitcoin in price terms and possibly match Ethereum given their similar market caps. 

However, in terms of inflows, $5 billion would represent only 1.5% of XRP’s circulating supply, which is modest when compared to Ethereum, where spot ETFs already hold 5.5% of the total supply. 

XRP in a Delicate Position

Outside of the Barron interview, other analysts are also looking at XRP’s price action, especially amid the recent drop. For instance, Dark Defender recently noted that XRP rejected resistance around $3.13 and tapped key support levels, including a primary trendline. 

XRP 1D Chart Dark Defender
XRP 1D Chart | Dark Defender

He said the structure remains intact and pointed out that the daily RSI is nearing oversold territory. The analyst noted that he is still optimistic of a breakout from the falling wedge pattern, setting targets of $4.17, $4.92, and $5.85 while citing support levels at $2.8057 and $2.64.

Meanwhile, analyst Javon Marks focused on XRP’s ability to hold above $2.47. According to him, this is the foundation for a continued move higher. He set a target of $4.804, representing a potential 66% climb from current levels.

XRP Explodes if Crypto Market Hits $25T and Ethereum $28K, per Ark Invest Forecast

Abdulkarim Abdulwahab
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XRP Explodes if Crypto Market Hits $25T and Ethereum $28K, per Ark Invest Forecast

The price of XRP could surge to an unprecedented level if ARK Invest’s bold $25 trillion market forecast and Ethereum’s projected climb to $28,000 materialize.

As the crypto market struggles to regain bullish momentum, a long-term projection from ARK Invest is sparking fresh excitement within the community.

Altcoin Daily founder Austin Arnold recently highlighted a multi-trillion-dollar crypto market forecast from Lorenzo Valente, Director of Crypto Research at ARK Invest.

In the disclosure, Valente outlined a scenario in which the total crypto market capitalization climbs to $25 trillion by 2030.

For context, the global crypto market currently stands at only $4.03 trillion. In other words, this outlook calls for a dramatic revaluation of leading digital assets like Bitcoin, Ethereum, and XRP.

Based on ARK’s estimates, Ethereum alone could be worth nearly $28,000 per coin, a more than sixfold increase from today’s price of $4,477.

This ambitious forecast is now fueling speculation about the impact on XRP price, the third-largest crypto by market dominance.

Ethereum Path to $28,000

Valente noted that Ethereum currently represents about 13.5% of the entire crypto market capitalization. If the total market grows to $25 trillion, ETH’s share would equate to roughly $3.375 trillion in market value.

With Ethereum’s circulating supply around 120.7 million tokens, that would imply a price of approximately $27,958 per ETH—effectively $28,000. This represents an extraordinary rise of over 520% from its current price of $4,477.

Valente pointed to Ethereum’s growing dominance in DeFi, stablecoins, and real-world asset tokenization as the primary catalysts.

He emphasized Ethereum’s revenue-generating capabilities, its role as the top collateral asset in DeFi, and the expanding adoption of layer-2 scaling solutions that could bring millions more users on-chain in the coming years.

Projecting XRP Potential

If the total crypto market capitalization reaches $25 trillion and XRP maintains its current 4.51% market dominance, its market value could reach approximately $1.127 trillion.

Given XRP’s supply of 59.77 billion tokens, this would translate to a price of about $18.86 per coin.

That represents a more than sixfold increase from today’s price of around $3. Meanwhile, reaching a $25 trillion total market cap would also require Bitcoin to hit new all-time highs.

Bitcoin Potential in a $25 Trillion Market

If the total crypto market reaches $25 trillion and Bitcoin maintains its 57.98% dominance, it would command a market capitalization of approximately $14.49 trillion.

This scenario implies a potential BTC price of about $727,000, more than six times higher than today’s price. Notably, Bitcoin is currently trading at $115,909 with a market cap of approximately $2.31 trillion.

Can XRP Be Worth More?

Meanwhile, some voices within the XRP community argue that XRP’s value could far exceed $18 in a $25 trillion market.

This perspective is based on XRP’s historically higher dominance compared to its current 4.51%. For example, in 2017, XRP’s dominance peaked at 18.1%, according to TradingView data.

XRP dominance chart | TradingView
XRP dominance chart | TradingView

At the time, XRP attracted significant liquidity away from other crypto assets. Amid that surge, XRP’s market cap even briefly surpassed Ethereum’s in January 2018, making it the second-largest cryptocurrency behind Bitcoin for a few days.

Today, many XRP advocates are calling for a return to that historic dominance. In this speculative scenario, if XRP were to reclaim an 18.1% market share, its market cap would rise to $4.525 trillion in a $25 trillion global crypto market. Specifically, this would translate to an XRP price of approximately $75.60.

Notably, this scenario suggests that XRP would surpass Ethereum in market cap ($4.52T vs $3.37T). Many XRP enthusiasts believe this outcome is achievable. However, broader sentiment across the crypto market remains more skeptical of such an outcome.

Developer Says XRP Is About to Make a Move Higher, Predicts Next Stop

Abdulkarim Abdulwahab
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0
Developer Says XRP Is About to Make a Move Higher, Predicts Next Stop

Harry Harald, a widely followed web developer in the XRP community, has expressed confidence that XRP is preparing for its next move higher.

Having been away from the XRP circle for several months, his return with a bullish statement is sparking speculation that $4 could be the next target for XRP.

Notably, XRP started the week on a bearish note, dipping to $2.77 before slightly recovering to $2.82 at press time. It had traded in the $3 region yesterday before the bears drove prices lower.

Currently, XRP is changing hands at an over 5% discount on the daily chart, with minimal signs of recovery. The coin has been consolidating around the $3 level for several weeks. It first got stuck at this level in July and has been unable to break out since.

Having remained below its swing high of $3.66 for two months, during which it dropped by 25%, market watchers believe a move to higher levels is now due.

XRP Set for $4?

Harald tweeted about this over the weekend in his first XRP post since May. His statement attracted significant attention from XRP proponents.

Alex Cobb, a widely followed influencer in the XRP community, remarked that when Harald speaks, he listens, and suggested that $4 is the next stop for XRP on a rebound.

From its current price of $2.81, XRP would need to surge 42.34% to hit $4, which would mark an all-time high for the coin. XRP has been trading under $3.84 since 2018.

Historically Accurate TD Sequential Says It’s Time to Buy XRP

Meanwhile, other market analysts also believe XRP is set for a rebound. In a tweet, Ali Martinez pointed out that XRP’s 4-hour chart has triggered a TD Sequential buy signal. This typically indicates the end of a downtrend after nine consecutive lower closes. Martinez called XRP a “buy,” suggesting a rebound is likely.

Image

Supporting Martinez’s observation, XRP advocate Bill Morgan highlighted the strong historical accuracy of the TD Sequential indicator, citing data from Grok AI.

According to Grok, the indicator has been reliable on higher timeframes, with 60–70% accuracy in historical backtests. Notably, three out of four 2-week buy signals since 2022 have led to major rallies.

Not the Time to Be Bearish on XRP

Separately, trader Unipcs noted that XRP has broken a major downtrend after bottoming at $2.69 on September 1. While he does not hold XRP himself, he sees strong upside potential if market conditions remain stable. “It’s hard to be bearish on XRP,” Unipcs said.

Analyst Gonzo also shared this sentiment, highlighting XRP’s breakout and retest of key levels. XRP is currently holding above the 50% Fibonacci retracement and the 50-day moving average, both considered bullish signals.

Beyond technicals, many investors are increasingly bullish on XRP due to strong fundamentals—most notably the potential for an XRP ETF.

With SEC approval possibly coming next month, some believe “billions” could enter the XRP market, driving the price significantly higher.

Scaramucci Backs $700M Avalanche Token Buy via AVAX One

Zabi
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Scaramucci Backs $700M Avalanche Token Buy via AVAX One

Anthony Scaramucci and crypto firm Hivemind Capital are backing a bold new venture to buy Avalanche blockchain tokens.

AgriFORCE, a Nasdaq-listed company with ongoing clean energy operations, is rebranding as AVAX One and plans to raise $550 million to acquire Avalanche tokens.

Notably, Anthony Scaramucci is among the most high-profile names behind the move. Known both for his hedge fund career and his brief stint as a White House communications director under Donald Trump, Scaramucci has become an outspoken supporter of digital assets.

As part of AVAX One, he will serve as the head of the advisory board. His focus will include capital raising and investor outreach, as well as positioning the company within the broader financial community.

Another key backer is Hivemind Capital Partners, founded by former Citigroup executive Matt Zhang. The firm has already committed what it described as “meaningful capital” to the venture.

Zhang is expected to become chairman of the board. Together with Scaramucci and other private investors, Hivemind will take majority ownership of the rebranded company.

Building a Massive AVAX Treasury

AVAX One has set a target of acquiring more than $700 million in AVAX tokens. It also plans to tokenize real-world assets on Avalanche’s blockchain. This means representing traditional financial instruments, such as funds or equities, in digital token form.

In the long term, management envisions acquiring fintech and insurance companies, then transitioning their operations to the Avalanche network.

Avalanche as a Tokenization Hub

Avalanche, launched in 2020, is widely regarded as one of the fastest blockchain platforms available. It has already attracted interest from established finance. Investment giants KKR, Apollo, and J.P. Morgan have experimented with tokenization projects on the chain.

The AVAX token, which powers the network, currently carries a market capitalization of around $14 billion. Its appeal lies in speed and scalability, qualities often cited as crucial for real-world adoption.

For Scaramucci, the potential is clear. His firm, SkyBridge Capital, has already tokenized $300 million of hedge fund assets on Avalanche.

In a statement, he predicted that “all assets will eventually be tokenized” and positioned Avalanche as a leading platform for that transition.

Regulatory Shift Opens the Door

The timing of AVAX One’s launch coincides with a shift in U.S. regulatory policy. President Trump recently signed the GENIUS Act, a new law that establishes rules for stablecoins and sets a framework for tokenized assets.

Investors have welcomed the measure, calling it a turning point. For the first time, U.S. regulation appears supportive of large-scale tokenization efforts.

“We finally have a regulatory environment that allows us to dream big,” Zhang said in an interview.

Industry Track Record and Pitfalls

Despite the optimism, challenges remain. The model of stockpiling crypto through listed companies has produced mixed results. According to K33 Research, nearly a quarter of all Bitcoin treasury firms now have a market value lower than the value of the coins they hold.

Many of these businesses followed a playbook pioneered by MicroStrategy, raising funds through debt or new share issuance to build crypto reserves. While the strategy once attracted strong demand, enthusiasm has cooled.

Still, AVAX One’s backers argue that tokenization offers a more sustainable path. By combining token accumulation with plans to acquire financial and insurance businesses, they hope to build a stronger long-term growth engine.

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