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Ripple President: The ‘Light Switch’ Has Flipped for XRP Ledger Institutional Adoption

Abdulkarim Abdulwahab
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Ripple President: The ‘Light Switch’ Has Flipped for XRP Ledger Institutional Adoption

Ripple President Monica Long has said institutional capital markets are moving onchain at a rapid pace, particularly into the XRP Ledger.

She pointed to Ripple’s latest investments in ZILO and Licuido as part of the company’s strategy to expand tokenized asset infrastructure on the XRP Ledger (XRPL).

In a post on X, Long said the industry has reached a turning point. According to her, financial institutions are no longer just testing blockchain technology. They are now deploying it in live production.

“In the last year, we’ve seen the veritable light switch flip – from bank pilots to production, from issuing tokenized assets like money market funds and liquidity funds to using them!” Long wrote.

She added that institutional capital markets are increasingly moving toward “onchain 24/7” operations. Ripple’s goal, she said, is to provide the full digital asset infrastructure stack that lets institutions manage the entire lifecycle of tokenized assets on the XRP Ledger.

Ripple Expands Institutional Infrastructure on XRP Ledger

Long’s comments came alongside Ripple’s announcement that it has made strategic investments in ZILO, a provider of digital transfer agency technology, and Licuido, a tokenization and digital asset trading platform.

Ripple said the investments add regulated transfer agency, digital issuance, and collateral mobility capabilities to its institutional infrastructure on the XRPL.

The announcement follows the recent tokenization of Aviva Investors’ US Dollar Liquidity Fund on the XRP Ledger. Ripple said this demonstrates that institutions are ready to adopt blockchain-based financial infrastructure.

Its platform combines issuance, custody, collateral management, multi-currency investment capabilities, and atomic settlement. Ripple added that its RLUSD stablecoin serves as the regulated cash leg for delivery-versus-payment transactions.

Ripple Says Tokenization Needs Real Utility

Meanwhile, Nigel Khakoo, Ripple’s Senior Vice President of Trading and Markets, said tokenization alone will not transform capital markets.

“The real value lies in what can be done with a token, including buying, selling, and settling trades instantly, or using it as collateral to borrow, lend, or post margin,” Khakoo said.

He said Ripple’s work with Aviva Investors, Franklin Templeton, and DBS highlights institutional demand for tokenized fund structures. Khakoo added that ZILO and Licuido provide the regulated infrastructure needed to scale issuance, transfer agency, and collateral mobility.

ZILO and Licuido Focus on Institutional Liquidity

ZILO founder and CEO Phil Goffin said transfer agents and asset managers need infrastructure that supports tokenized share classes without increasing operational risk.

Licuido CEO Brian Lynch said tokenization solves only part of the liquidity challenge. He explained that the company’s platform supports issuance, distribution, and collateral utility in a regulated environment. This allows institutions to put previously idle assets to productive use.

Ripple said the investments support its effort to bring traditional financial assets with real-world utility onto the XRP Ledger.

The company highlighted the XRPL’s fast settlement, predictable transaction costs, low energy consumption, and compliance features as key advantages for institutional asset managers issuing and managing tokenized funds at scale.

David Gokhshtein Says Shiba Inu Strength Could Lift the Entire Meme Coin Sector

Lele Jima
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David Gokhshtein Says Shiba Inu Strength Could Lift the Entire Meme Coin Sector

Crypto commentator David Gokhshtein believes the broader meme coin market will perform best when established leaders such as Shiba Inu (SHIB) regain momentum.

In a recent post on X, Gokhshtein questioned why many investors aggressively search for the next Dogecoin (DOGE), Shiba Inu (SHIB), or Pepe (PEPE) while simultaneously dismissing those same market leaders.

According to him, that approach is contradictory because the performance of the largest meme coins often sets the tone for the entire sector. He urged investors to recognize the influence that established meme assets have on overall market sentiment rather than focusing solely on newly launched tokens.

“The entire meme sector is better off when the biggest names in the space are moving,” Gokhshtein stated, arguing that strong rallies in leading meme coins generate momentum that eventually spreads throughout the broader meme ecosystem.

Previous Bullish Commentaries About SHIB 

Gokhshtein has consistently maintained this position. In late July, after Shiba Inu surged nearly 40% in a single day, he said the rally reinforced his conviction that the crypto industry’s original meme culture was making a comeback.

At the time, he emphasized that SHIB’s resurgence benefited more than just its own holders. Instead, he argued that the rally created positive momentum for other established meme cryptocurrencies.

He also highlighted the dominance of Dogecoin and Shiba Inu, noting that the two assets collectively account for nearly half of the total meme coin market cap. In Gokhshtein’s view, strong performances by DOGE and SHIB can bolster investor confidence, attract fresh capital, and spur broader activity across the meme coin sector.

Latest Market Recovery Favors Shiba Inu 

Gokhshtein’s latest comments coincide with renewed strength across the cryptocurrency market, as major meme coins have participated in the broader recovery.

During the latest rally, Shiba Inu climbed from an intraday low of $0.00000482 to $0.000005051, gaining 4.79% before encountering selling pressure. The token later surrendered part of those gains and slipped back below the psychological $0.000005 level to trade around $0.00000495.

Although SHIB retraced from its session high, it continues to trade above its recent lows. As a result, traders remain focused on whether the current recovery can develop into a more sustained uptrend.

Analyst Identifies Key SHIB Support and Resistance Levels

Meanwhile, market analyst Veyron believes Shiba Inu continues to maintain a constructive short-term technical structure despite its recent cooldown.

According to the analysis, SHIB has steadily recovered from its recent lows and is now consolidating just below a local resistance zone after successfully forming a higher low. While buying momentum has moderated, bulls continue to defend an important demand area.

Veyron identifies immediate support between $0.00000482 and $0.00000486, a region that has consistently attracted buyers during recent pullbacks.

On the upside, the next major resistance sits between $0.00000515 and $0.00000520, according to Veyron. He believes that holding above the $0.00000482–$0.00000486 support zone would preserve SHIB’s short-term bullish structure and improve the chances of another upward move.

Conversely, a decisive breakout above the $0.00000515–$0.00000520 resistance range could trigger another rally toward higher price levels. However, if SHIB falls below its nearby support zone, the token could undergo a deeper correction before buyers attempt another recovery.

Shiba Inu chart
Shiba Inu chart

XRP Whale Outflows Diverge on Binance and Coinbase, Exposing a 40% Gap

Mark Brennan
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XRP Whale Outflows Diverge on Binance and Coinbase, Exposing a 40% Gap

On-chain data indicates that XRP outflows on Binance and Coinbase, two of the largest crypto exchanges, have diverged.

While XRP has struggled to gain momentum, new on-chain data shows a difference in the size of outflows on Binance and Coinbase. 

The findings come from a recent analysis by CryptoQuant analyst Amr Taha, who discussed XRP outflow activity involving transfers of 100,000 XRP and above.

According to Taha, the structure of large XRP outflows looked very different on the two exchanges on Aug. 3. He found that Binance and Coinbase followed very different patterns despite both recording substantial high-value transfers.

Binance Records Stronger Million-XRP Outflows

On Binance, transfers worth more than 1 million XRP made up 55.3% of the exchange’s total daily XRP outflow value on Aug. 3. Taha noted that this was the highest share since June 30, when the same group accounted for about 56% of daily outflow value while XRP traded near $1.04.

XRP Binance Outflow by Value Share CryptoQuant
XRP Binance Outflow by Value Share | CryptoQuant

The latest figure brings this transaction group close to its previous peak, with XRP again trading at nearly the same price level. This suggests that the largest transfers have become more active again around the same price range.

However, the trend on Coinbase looked very different. There, transfers above 1 million XRP accounted for only 15% of total outflow value on Aug. 3, down from 36% on July 2.

Coinbase Sees Larger Role from Mid-Sized XRP Transfers

Essentially, on this metric, Binance exceeded Coinbase by 40.3% points or by about 3.7x.

Interestingly, Coinbase saw more activity in the 100,000-to-1-million XRP transaction group. This category grew from around 35% on June 1 to 55.8% on Aug. 3, an increase of 20.8% points over the period.

XRP Coinbase Outflow by Value Share CryptoQuant
XRP Coinbase Outflow by Value Share | CryptoQuant

On Binance, the same transaction group represented only 24.5% of total outflow value. As a result, both exchanges had a leading transaction category of roughly 55%, but they reached that level in different ways. 

Binance was led by transfers above 1 million XRP, while Coinbase was driven by transfers between 100,000 XRP and 1 million XRP.

Looking at all transfers above 100,000 XRP, they made up 79.8% of Binance’s total outflow value and 70.8% of Coinbase’s. Taha said these figures show that large transactions continued to dominate outflow activity on both exchanges, even though the mix of transaction sizes differed significantly.

He also pointed out that these metrics only show how much each transaction-size group contributed to the total daily outflow value. They do not measure the total amount of XRP leaving each exchange, net inflows or outflows, who owned the transferred XRP, or where the tokens moved to after leaving the exchanges.

XRP Remains Below Key Resistance

Meanwhile, XRP continues to trade around $1.07 while remaining inside a descending channel that has guided its price movement since July 2025. Buyers tried several times to push the price higher, but every attempt failed to break above the channel’s upper boundary.

Technical indicators also suggest weakening momentum. The daily MACD has turned negative, and XRP is trading below its 20-day EMA at $1.08. This shows that short-term strength has faded. 

In the short term, traders are watching several important price levels. XRP needs to hold above $1.05, reclaim $1.083, and then close above $1.10 to improve its recovery outlook. 

If the price falls below $1.048, it could move toward the liquidity zone between $1.00 and $1.008. On the upside, analysts generally see the $1.20 to $1.25 range as the next major resistance area that buyers need to overcome.

In addition, wider market conditions continue to limit stronger price moves. Both the CLARITY Act vote and the Federal Reserve’s interest rate decision have been delayed until September, leaving few major events that could drive the market this month.

XRP Wallet Xaman Defends Security Amid $38M Losses Linked to Coldcard RNG Flaw

Abdulkarim Abdulwahab
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XRP Wallet Xaman Defends Security Amid $38M Losses Linked to Coldcard RNG Flaw

XRP Ledger wallet Xaman has defended its key generation system amid flaws in Coldcard’s random number generation (RNG) system that caused about $38 million in losses.

Xaman founder Wietse Wind said the incident shows that labeling a wallet as “hardware” does not automatically make it secure. He argued that the method used to create private keys is just as important as the device itself.

According to Wind, a 2021 Coldcard code change replaced its hardware random number generator with a faulty software-based system. The issue went unnoticed for around five years. In other words, some users may have had wallets that appeared secure but were created using weaker randomness.

Hardware Wallet Security Depends on Seed Generation

Wind said many users misunderstand what hardware wallets actually protect. While these devices keep private keys and transactions isolated, their security ultimately depends on how the wallet seed is generated.

He explained that if the seed generation process is weak, other security features may not be enough. A device can remain offline and well-protected, but it is still vulnerable if its seed was created using poor randomness.

Xaman Uses Built-In Mobile Security for Random Number Generation

Wind said Xaman creates new XRP Ledger accounts using the built-in cryptographic random number generators on Android and iOS.

Rather than relying on custom random number tools, Xaman obtains 128 bits of randomness directly from the phone’s operating system security features.

On iOS, Xaman uses SecRandomCopyBytes, which relies on Apple’s built-in random number systems and hardware security features. On Android, it uses SecureRandom, which depends on the device’s system randomness and hardware-backed security.

Wind also said Xaman blocks JavaScript-based random number generation in its React Native app to ensure that all randomness comes from the phone’s native security systems.

Founder Says Xaman’s Security System Has Remained Unchanged

Wind said older Android SecureRandom issues affected versions released before 2013 and do not apply to current devices supported by Xaman.

He explained that Xaman does not use custom cryptography or create its own random number systems. Instead, it relies on the same built-in security sources used by many banking apps and password managers.

Wind said the main question is not whether software or hardware wallets are safer, but rather how wallet randomness is generated and whether the process has been independently tested.

He added that Xaman’s system was audited years ago, continues to be tested regularly, and has remained unchanged since the original audit.

On-Chain Data Exposes Link Between the Shiba Inu and Shibinhood Deployers

Sam Wisdom Raphael
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On-Chain Data Exposes Link Between the Shiba Inu and Shibinhood Deployers

A new review of blockchain data has revealed a link between the Shiba Inu deployer and the wallet that later launched the Shibinhood (WOOF) token on Robinhood Chain.

The on-chain records show two separate transaction paths that both end at the same wallet, which some market commentators have used to discuss the possible relationship between the two projects.

The original Shiba Inu deployer wallet, 0xB…A08, launched the SHIB token in August 2020. Etherscan identifies this address as the Shiba Inu deployer. Today, it holds more than $7.5 million in assets across five blockchain networks, including around 50 million SHIB.

Meanwhile, the wallet 0xe…6C4 recently deployed the WOOF token on Robinhood Chain, an Ethereum Layer-2 network built on Arbitrum Orbit. Robinhood Chain officially launched its public mainnet on July 1, 2026.

Blockchain records reveal two different transaction routes connecting these wallets. One route involves a direct token transfer, while the other follows a three-step ETH funding trail. 

Despite taking different paths, both transactions reached the same WOOF deployer wallet within a 35-day period during the summer of 2020. This suggests the connection may not have been a random occurrence.

First Connection Between Shiba Inu and Shibinhood Deployers

The first connection dates back to July 24, 2020. On that day, the SHIB deployer wallet sent 200 KARMA tokens directly to 0xe…6C4, the wallet that would later deploy WOOF on Robinhood Chain.

This transfer took place just two days after the Shiba Inu deployer completed its first recorded interaction with Karma DAO. Blockchain data also shows that the deployer took part in Karma DAO’s launch on July 22, 2020.

Meanwhile, the transfer happened weeks before Shiba Inu officially launched. This shows that the WOOF deployer wallet already existed and had received assets from the SHIB deployer before SHIB became publicly available.

ETH Funding Trail

A second transaction route further confirms the link. Specifically, on Aug. 9, 2020, the SHIB deployer wallet recorded its largest single ETH transfer by sending 30 ETH to 0x4…806.

Two days later, that wallet transferred 0.1 ETH to another address, 0x7…4e5. Then, on Aug. 31, 2020, the second intermediary wallet sent 0.025 ETH to 0xe…6C4, the same wallet that had already received the KARMA tokens several weeks earlier.

Unlike the first route, this funding chain moved only ETH and passed through two intermediary wallets before reaching its destination. However, both routes ended at the same wallet within about five weeks.

After receiving the KARMA tokens and the relayed ETH in 2020, the WOOF deployer wallet remained largely inactive for almost six years. During that time, blockchain records show only one small ETH transaction in December 2022.

The two intermediary wallets also remained dormant. After completing their role in the ETH funding chain, neither wallet recorded any further activity.

However, in late July 2026, 0xe…6C4 became active again and deployed the WOOF contract on Robinhood Chain. 

Blockchain Data Does Not Confirm Identity

However, while the transaction history presents a consistent trail, it does not reveal who currently controls the wallets. Blockchain records can trace the movement of funds between addresses, but they cannot identify the people behind them.

This is important because members of the Shiba Inu ecosystem development team have previously stated that several individuals had access to the SHIB deployer wallet over time. They also noted that not everyone with access acted in the community’s best interest. 

As a result, someone other than Shiba Inu’s founder could have made the transfers in 2020. At the same time, the multi-hop ETH funding route suggests that the person behind those transactions likely followed strong wallet privacy practices.

The blockchain evidence confirms a financial link between the SHIB deployer network and the wallet that later launched WOOF. However, it does not prove that both wallets belong to the same individual. 

The available data leaves two possible explanations. The WOOF deployer could be part of Shiba Inu’s original team using a wallet funded in 2020, or it could belong to a former associate who received those transfers years ago.

When XRP Hits New All-Time Highs, Bitcoin Maxis May Sell BTC for XRP, Crypto Founder Says

Abdulkarim Abdulwahab
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When XRP Hits New All-Time Highs, Bitcoin Maxis May Sell BTC for XRP, Crypto Founder Says

Black Swan Capitalist co-founder Vandell Aljarrah has argued that Bitcoin maximalists could shift from BTC to XRP.

He believes this shift could happen if XRP begins an explosive bull run and reaches new highs. In a post on X, Aljarrah wrote that when XRP attains new all-time highs, “Bitcoin maxis will likely dump their BTC for XRP.”

The statement drew reactions from crypto commentators, with many XRP supporters agreeing with the post.

Bitcoin Moving Into XRP

Notably, popular technical analyst ChartNerd agreed with Aljarrah’s prediction. However, he suggested that many Bitcoin-only investors would enter XRP too late to benefit from the biggest part of the rally.

“By that time, it will be too late for them,” he remarked.

Meanwhile, X user Christopher Schwartz said some Bitcoin supporters may never switch positions because of their strong ideological views. In his words:

“Many of them have XRP Derangement Syndrome and would rather go down with the ship than admit they were wrong.”

Another community member, Cinnamon, questioned when the expected breakout could happen and noted that he has been holding XRP since 2018.

XRP and Bitcoin Still Trade Far Below Previous Highs

At the time of writing, XRP is trading at $1.06, down around 42% year-to-date. Bitcoin is trading at $62,565, down roughly 28.5% over the same period.

Notably, Bitcoin reached an all-time high of $126,200 in October 2025. Since then, it has fallen about 50.14%. To return to that level, Bitcoin would need to rise approximately 101.7% from its current price.

XRP reached $3.66 in July 2025. However, CoinMarketCap lists its official all-time high at $3.84, recorded in 2018. Based on that level, XRP would need to climb about 262% to set a new record.

Previous Bitcoin Maxi Shift Adds Context

Aljarrah’s comments follow a similar shift from last year involving longtime Bitcoin supporter Davinci Jeremie.

While Jeremie is a major XRP critic, he acknowledged that the token’s technical setup appeared bullish. In March 2025, Jeremie said XRP could rise above $20 and argued that technical analysis matters more than personal opinions.

“I’m not a fan of XRP… However, technical analysis doesn’t care about my opinions,” he said at the time.

He added that markets do not always move logically and suggested XRP could surpass the $20 mark over time. The comments surprised many XRP supporters because Jeremie had previously been one of the token’s strongest critics.

While some supporters criticized the major reversal after years of negative comments, others welcomed his acknowledgment of XRP’s potential outlook.

Aljarrah’s latest prediction adds to that discussion, suggesting that a major XRP price surge could cause some critics to reconsider their views.

Cardano Repeats Historic Bull Market Structure as Analyst Eyes Over 1,300% Upside to $2.9

Lele Jima
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Cardano Repeats Historic Bull Market Structure as Analyst Eyes Over 1,300% Upside to $2.9

Crypto analyst Javon Marks believes Cardano may be following the same market structure that preceded its explosive 2020–2021 bull run.

In a recent analysis, Marks argued that ADA is displaying a strikingly similar sequence of price movements, raising the possibility that the token is preparing for another major rally toward its previous all-time highs.

According to him, Cardano’s next significant move could send the asset to nearly $3, representing a gain of more than 1,300% from its current trading price of around $0.19.

Similarities Between ADA 2018 and 2021 Cycles 

The accompanying chart compares Cardano’s current price action with the market cycle that unfolded between 2018 and 2021.

During the previous cycle, ADA plunged sharply after reaching its 2018 peak of $1.32 before establishing a long-term bottom. It then traded sideways for an extended period, forming a broad accumulation base around $0.02, highlighted by a blue horizontal arrow on the chart. After breaking out of that prolonged consolidation, Cardano entered a powerful bull market that lifted its price to an all-time high of $3.10 in September 2021.

The current cycle appears to be following a similar path. Upon peaking during the 2021 bull market, ADA entered a prolonged correction characterized by a series of lower highs. More recently, the asset has traded within a descending structure, illustrated by a blue downward-sloping trendline.

According to the analysis, Cardano has now reached the lower end of that multi-year trendline, mirroring the point where it completed its previous accumulation phase before launching its historic breakout. 

$2.90 Emerges as the Next Major Target for Cardano

Based on these similarities, Marks believes Cardano could climb through multiple resistance levels before eventually reaching a price target of $2.90. From its current level of $0.1823, that would represent a gain of roughly 1,490%.

The analyst’s projection suggests this move could unfold by early 2028 if ADA continues to mirror its previous market cycle. 

ImageAnalyst Maintains Long-Term Bullish Outlook

Cardano has struggled to reclaim its September 2021 all-time high of $3.10 after enduring a prolonged bear market. Nonetheless, several analyses have continued to forecast a long-term recovery, with the $2.90 region emerging as a widely discussed upside target within the Cardano community.

Marks has consistently maintained this bullish outlook. In September 2025, he projected that a falling wedge breakout could initially propel ADA to around $1.20 before eventually driving the cryptocurrency to $2.91. 

A month later, he reiterated his optimism, forecasting a rally toward $2.96 after identifying a confirmed breakout above a long-term descending trendline, accompanied by a developing pattern of higher highs and higher lows.

Now, the analyst has returned with a similar outlook, arguing that Cardano could once again mirror the price action that fueled its historic 2021 rally and eventually climb to $2.90. 

Despite his continuous optimism, it is imperative to note that historical patterns do not guarantee future performance.

XRP Price Forecast: Could August Bring a Move Toward $2?

Abdulkarim Abdulwahab
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XRP Price Forecast: Could August Bring a Move Toward $2?

XRP could be in for a volatile August with promising upside, according to crypto analyst Jay Nisbett.

He believes the token is more likely to move higher than lower this month. Notably, his outlook includes a rally into the $2 range before a sharp pullback.

At the time of writing, XRP trades at $1.07. It is down 1.0% over the past 24 hours, 3.63% over the past week, and 5.78% over the past month. The token is also down 42% year-to-date, according to CoinMarketCap.

Several August Scenarios for XRP

In a post on X, Jay Nisbett shared multiple projected price paths for XRP. He said volatility is possible in both directions, but his overall bias is bullish.

According to Nisbett, XRP is most likely to trade between $1.02 and the low-$1.30 range during August. From there, it could break into the mid-to-upper $1 range or even reach the low-$2 region.

He noted that any move into those higher levels would be short-lived. A rapid retracement could follow before the broader trend resumes.

Nisbett also said he relies heavily on his chart levels. Once they are plotted, he trusts them “almost blindly.”

Key Technical Levels to Watch

Nisbett’s charts highlight several technical levels that could shape XRP’s price action throughout the month. His chart uses:

  • White dotted lines for the trend-balanced price.
  • Blue dotted lines for likely swing highs.
  • Green dotted lines for likely swing lows.

He outlined four possible price paths, shown in different colors, but said XRP will likely move somewhere between them instead of following one exact route.

In one scenario, XRP climbs to $2.50 before pulling back. In another, it rises more modestly to around $1.60 before falling back to support levels.

Considering XRP’s current price, these targets present a promising outlook for holders, with potential gains ranging from 49.53% to 134%.

Image

Market Maker Theory Supports Bullish View

Beyond the technical setup, Nisbett also shared a psychological view of the market.

He argued that many traders are waiting for XRP to return to $1.00 or below, believing it represents the safest buying opportunity. According to him, this hesitation could cause investors to miss the move if the asset never returns to that level.

Instead, he argues many investors may end up buying after XRP has already climbed into the mid-$1 to $2 range. At that point, larger players could trigger a sharp pullback, catching late buyers off guard.

Nisbett described this as thinking “like a market maker,” implying that markets often move against prevailing retail expectations before establishing a sustained trend.

Although he expects price swings to remain high throughout August, Nisbett still believes XRP is more likely to move higher in the near term.

XRP Leverage Remains Low

Meanwhile, CryptoQuant data shows that traders are using much less leverage on XRP than they did during the strong rallies earlier in 2025.

On July 31, Binance’s open interest in XRP stablecoin-margined futures fell to about $186 million, its lowest level since April 2025. Bybit recorded the highest open interest at roughly $229 million, while OKX stood at about $49 million.

Most leveraged XRP trading is now happening on Bybit and Binance, which together account for nearly 89% of the open interest across the three exchanges.

Lower open interest suggests XRP is trading with fewer leveraged positions than earlier this year. While this alone does not indicate the next price direction, it points to a less crowded derivatives market. Analysts typically evaluate open interest alongside funding rates, trading volume, liquidations, and spot-market demand to assess broader market conditions.

XRP Maintains Controlled Correction as Historical Pattern Suggests Major Weekly Rally Ahead

Mark Brennan
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XRP Maintains Controlled Correction as Historical Pattern Suggests Major Weekly Rally Ahead

XRP remains in a downtrend, but the weekly chart suggests the decline has stayed under control instead of turning into a panic-driven selloff. 

The price action currently shows a healthy correction, with traders taking profits and weaker holders leaving the market. As a result, the market has avoided the sort of sharp collapse that often follows widespread panic selling.

Notably, since falling from its $3.6 peak in July 2025, XRP has spent the last 12 months trading inside a descending channel. 

During this period, buyers have repeatedly defended the lower trendline whenever the price came under heavy pressure, while sellers have continued to cap recoveries near the upper trendline. 

This tug-of-war between buyers and sellers has kept XRP on a gradual downward path instead of triggering a much steeper decline.

XRP Trades Within Descending Channel

The structure of the correction has remained consistent throughout the past year. XRP has continued to form lower highs and lower lows, a pattern that has kept the descending channel intact.

After falling from its $3.6 all-time high in July 2025, XRP dropped to $2.7 by September 2025 before attempting a recovery. This rebound carried the token to $3.1 by October 2025, but the move lost momentum after running into resistance at the channel’s upper trendline.

XRP Controlled Correction
XRP Controlled Correction

Since then, XRP has met resistance at $2.69 in October 2025, $2.41 in January 2026, and $1.54 in May 2026. Each rejection occurred along the upper trendline.

This trendline sits around $1.21, while XRP currently trades at $1.06. With the price now approaching the apex of the pattern, the market could soon face a major test. If XRP breaks above $1.21, it could move out of the descending channel and open the door to a broader recovery.

XRP’s Large Weekly Gains

Meanwhile, historical data further reveals that XRP has repeatedly posted major weekly gains 51 to 52 weeks later, and these strong moves have mostly occurred in July.

One instance came in July 2023, when XRP recorded a 59.54% weekly gain following the favorable ruling in the SEC vs. Ripple lawsuit. The pattern appeared again in July 2024, when XRP posted a 24.05% weekly gain before adding another 15.03% the following week.

XRP Massive Weekly Candlesticks
XRP Massive Weekly Candlesticks

The trend continued in July 2025. During that month, XRP gained 24.89% in one week and followed it with another 21.81% gain in the next. Because this pattern has repeated over the past several years, the market could be close to another similar move.

A Possible Delay This Year

Unlike previous years, XRP has not recorded a similarly strong weekly candle in July 2026. However, some analysts believe the expected move may simply arrive later than usual. They expect it could play out in early August instead of July.

Importantly, the Clarity Act could provide the catalyst for such a rally. If that happens, XRP could finally deliver the strong weekly gain that historical data has pointed to.

A rally of that size could also push XRP above the descending channel’s upper trendline at $1.21, allowing the token to break out of the year-long pattern and possibly begin a broader recovery. 

However, this remains a possible scenario, not a certainty, and should not be taken as investment advice.

Analyst Eyes Gradual Shiba Inu Breakout: Here’s Why

Lele Jima
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Analyst Eyes Gradual Shiba Inu Breakout: Here’s Why

A popular crypto analyst believes Shiba Inu could be approaching a major technical turning point after spending years trading beneath a key descending resistance trendline.

Sharing daily and weekly Binance SHIB/USDT charts, analyst Eunice Wong argued that Shiba Inu has built a long-term bottoming structure and is now attempting to break above the descending trendline that has capped every major rally since the token reached its all-time high in 2021.

The weekly chart shows that SHIB is approaching the descending resistance that has constrained its price action since it peaked at $0.00008854 in October 2021. Every meaningful recovery attempt over the past few years has failed to reach this level, creating a series of lower highs throughout the prolonged bearish trend.

Currently trading around $0.00000498, SHIB sits near the point where price meets the multi-year trendline. The prolonged consolidation around historical support has strengthened the case for a potential bottom. 

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Daily Chart Shows Improving Bullish Momentum

The daily timeframe also points to improving market sentiment.

After bottoming near $0.00000405 in June, SHIB rebounded to $0.00000596 last week before briefly pulling back. Buyers quickly stepped back in, pushing the token toward the same resistance zone highlighted on the weekly chart.

SHIB has recovered roughly 22% from its recent low near $0.00000402, with rising volume accompanying the initial rally, indicating stronger market participation. Even so, the token continues to trade below a key long-term exponential moving average, suggesting additional resistance could emerge even if it clears the descending trendline. 

Rather than forecasting an immediate rally, Wong emphasized that SHIB’s breakout could develop gradually. The token may need additional time to build enough momentum to overcome a resistance level that has remained intact since the 2021 market peak.

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Double-Bottom Pattern Hints at Shiba Inu Potential Surge to $0.00000520

Adding to the optimistic outlook, another market analyst, BuddyKing, believes SHIB is forming a potential double-bottom pattern.

According to the analysis, buyers have consistently defended the $0.00000455–$0.00000460 support zone while the token challenges the $0.00000485–$0.00000490 neckline. A confirmed breakout above that resistance could pave the way for a move toward $0.00000520.

Although momentum appears to be gradually shifting in favor of the bulls, BuddyKing stressed that confirmation remains essential before anticipating the next leg higher. 

imageMeanwhile, SHIB continues to hold onto part of last week’s strong rally, during which it briefly climbed to around $0.000006. It is up 9.87% over the past month, although it has slipped 5.16% over the past week. 

Trading activity has also slumped, with daily volume falling 44.83% to $90.67 million, indicating that traders are waiting for clearer confirmation before committing to the next major move. 

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