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Pi Retests Critical Demand Zone: Levels to Watch

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PI has fallen into a key demand area after an extended decline, and buyers are now attempting to slow the selloff and spur a rebound. 

The broader trend of PI, the native token of the Pi Network, remains bearish, as downward pressure persists. However, the asset has now reached a critical demand zone where buyers have stepped in to cushion weak price momentum.

Per chart analysis, holding the current support could pave the way for a stronger rebound, while another breakdown would reinforce the prevailing bearish structure.

Demand Zone Sparks an Initial Recovery

On the hourly chart, PI has continued its trend of lower highs and lower lows after repeated failures to reclaim resistance levels above. After the lower high at $0.114 on July 6, the coin has dropped 11.6% to the current price of $0.1007

Notably, the latest wave of selling pressure pushed PI into the $0.100-$0.103 demand zone, an area where buying interest has started to reappear. This is evident in the series of rebounds the altcoin has experienced around the area in recent closings.

After first testing the level early yesterday following a drop to $0.1007, PI bounced to $0.103. The rebound stalled there, sparking a retest of the support again, this time dropping to $0.1001. Bulls stepped in again but could not establish a sustained rebound. Today, PI has already tested this support again twice.

Notably, this level aligns closely with its all-time low, marking its significance. Buying pressure has continued to emerge around the current support to stop the altcoin from falling to unprecedented lows.

Levels to Watch if $0.1001 Support Holds

For the short-term outlook to improve, buyers must reclaim the nearby resistance levels. First is the $0.103 level, where PI has faced repeated rejection since yesterday. Doing so increases the chance of reclaiming the 50-period MA at $0.1051.

PI 1H Chart
PI 1H Chart

The next major resistance lies between $0.106 and $0.108. Until that happens, any upward move would appear to be a relief rally rather than a confirmed trend reversal.

Beyond the second resistance zone, another supply area is between $0.112 and $0.114, 11% to 13% away from the current price. A sustained move above this region would represent the first meaningful sign that bullish momentum is returning and could shift the short-term structure in favor of buyers.

However, the $0.100 level remains the key line to watch should the bearish trend persist. A decisive break below this support would invalidate the current rebound attempt and could leave PI vulnerable to another leg lower.

Evernorth CEO Says Crypto Treasury Firms Must Move Beyond Hoarding, Backs XRP Ledger Tokenization

Evernorth CEO Asheesh Birla says the era of digital asset treasury (DAT) companies simply accumulating cryptocurrencies is coming to an end. 

He argues that firms now need sustainable revenue models by putting their crypto holdings to work through tokenization and decentralized finance.

Speaking in an interview with Bloomingbit, Birla said first-generation DAT companies mainly relied on rising crypto prices to grow their value. He believes the industry is now entering a second phase focused on generating returns from digital assets already held on corporate balance sheets.

“We want to become an XRP-based financial company rather than a simple treasury vehicle,” Birla said.

Evernorth, which strategically accumulates XRP, plans to build its business around tokenized real-world assets (RWAs). The company is exploring lending, liquidity provision, and asset management through decentralized finance protocols on the XRP Ledger (XRPL). Its goal is to generate yield from its XRP holdings.

XRPL Positioned as a Leading Tokenization Network

Birla described the XRP Ledger as one of the most competitive blockchain networks for tokenization. He cited its native support for tokenized financial assets, low transaction costs, and fast settlement speeds.

According to Birla, tokenized assets on the XRPL have grown to about $2 billion. That figure has doubled from less than $1 billion a year ago, reflecting rising adoption for real-world asset issuance.

He also pointed to growing institutional participation. Guggenheim Partners has tokenized commercial paper on the XRP Ledger. Meanwhile, Franklin Templeton is developing a tokenized money market fund on the network.

Birla said Evernorth plans to support the continued expansion of the XRPL tokenization ecosystem as more liquidity and financial products move on-chain.

Tokenization Could Expand XRP Utility

Birla argued that the growth of tokenized assets on the XRPL will create more opportunities to use XRP in liquidity provision, lending, and other financial services. He said this would expand the token’s utility beyond simply holding it as a reserve asset.

He estimated the global tokenized real-world asset market at around $30 billion. According to Birla, it represents a major opportunity for companies looking to generate recurring revenue from digital asset reserves.

South Korea Remains a Key Expansion Market

Birla also identified South Korea as a promising market for Evernorth. He cited the country’s strong demand for XRP and growing institutional interest in stablecoins and tokenization.

The company plans to accelerate its expansion into South Korea after completing its U.S. public listing. The listing remains under review by the U.S. Securities and Exchange Commission following the submission of an amended S-4 filing.

Birla added that discussions with Korean financial institutions suggest the sector is already preparing for the tokenization era. Many firms are closely watching global regulatory developments. He believes progress on U.S. digital asset legislation, including the proposed CLARITY Act, could encourage broader regulatory frameworks and speed up tokenization adoption in South Korea and other markets.

American Supply Chain Firm Integrates Public and Private XRPL as Blockchain Infra

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A filing with the U.S. Securities and Exchange Commission (SEC) shows that Made In USA Inc. has integrated the XRP Ledger (XRPL).

The move, which adds the XRPL into the firm’s core technology infrastructure, confirms that the ledger is now supporting American supply chain verification and product certification.

The company, based in Franklin, North Carolina, has provided Made in USA certification services for more than 28 years. It disclosed the integration in a Form 8-K filed with the SEC on June 26, 2026.

Acquisition Adds XRPL Technology to the Business

The Form 8-K was filed under Item 2.01, which covers the completion of an acquisition. According to the filing, Made In USA Inc. (USDW) acquired intellectual property and technology assets from its affiliate, Made in USA One LLC, a Wyoming limited liability company, in an all-stock deal worth $25 million.

To complete the acquisition, the company issued 5 million restricted shares of common stock as the only form of payment. The transaction did not involve any cash.

The acquired assets now serve as the foundation of a technology-driven platform for Made in USA verification, certification, and supply chain transparency. 

Notably, the filing specifically states that the platform uses blockchain infrastructure built on both public and private XRP Ledger, together with Hyperledger. 

Made in USA Integrates XRP Ledger
Made in USA Integrates XRP Ledger

It also includes AI-powered verification tools, Trusted Platform Module (TPM) security for hardware attestation, enterprise resource planning (ERP) systems connected with the Internet of Things (IoT), and a modular DataWallet technology stack.

A Hybrid Blockchain Model

The platform uses a hybrid blockchain model that separates confidential business information from publicly verifiable records. With this, private XRPL networks store sensitive business data, while the public XRP Ledger records permanent proof of product authenticity.

This allows businesses to keep private information secure but give regulators, business partners, and consumers a transparent record they can verify independently.

The XRP Ledger also boasts features that make it well suited for commercial use. Specifically, it settles transactions in three to five seconds, charges only fractions of a cent per transaction, and can process up to 1,500 transactions per second. 

It also includes built-in compliance features such as authorized trust lines, asset freezing, and credential-based access controls. This reduces the need for businesses to build complicated smart contract systems to handle these functions.

XRPL Enterprise Adoption Continues to Grow

The filing comes as the XRP Ledger continues to gain traction across several industries. In May 2025, the Dubai Land Department selected XRPL for its real estate tokenization project through the Prypco Mint platform. 

The supply chain finance sector has also contributed to XRPL’s growing adoption. Hong Kong-listed fintech Linklogis partnered with the XRP Ledger to tokenize invoices and trade receivables, processing more than $2.8 billion in cross-border assets within a single year. 

Meanwhile, Brazilian securitization firm VERT launched a $130 million Agribusiness Receivables Certificate on the XRP Ledger.

Unlike many recent XRPL projects that focus on financial assets or real estate, the USDW filing introduces a new use case centered on physical goods authentication in the American manufacturing sector.

CEO of German Investment Firm Sees Potential XRP Dip Below $1

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XRP could still make a sweeping move below the psychological $1 mark, according to Tokentus Investment CEO Oliver Michel.

Michel shared this prospect in a recent XRP price analysis on Germany’s Der Aktionär TV. He identified major resistance and support areas while highlighting the disconnect between the XRP ETF inflows and the asset’s price trend.

XRP Could Fall Below $1

Michel analyzed the XRP weekly and daily charts, identifying a show of strength. Notably, XRP had recovered from the July 1 low of $1.02 to $1.18 on Saturday before the recent drop to its current price.

The analyst highlighted two possible trends for XRP, majorly dependent on the broader crypto market trend. He sees XRP potentially targeting higher prices if Bitcoin does not wash off again and weakens the market momentum.

In this case, the resistance at $1.29 becomes crucial. XRP peaked at this level on June 15, forming another lower high. A sustained break above this supply zone paves the way for higher prices. Michel predicted a breakout, subsequent retest, then bullish continuation.

However, he sees XRP falling below the $1 mark if Bitcoin drops lower. In this case, the rebound to Saturday’s high of $1.18 becomes a relief rally before the next leg down.

In the analysis, he identified the strong support at $0.91-$0.93 as the next likely target. From the current market price of $1.07, this represents a 15% to 13% drop.

XRP Price Targets/Oliver Michel
XRP Price Targets/Oliver Michel

XRP Dropping Despite Strong ETF Inflows

The Tokentus Investment CEO also discussed the disconnect between XRP’s price action and the institutional demand from its investment vehicles. Particularly, the US XRP spot ETFs have continued to attract fresh capital while the underlying asset’s price trends sideways.

Last week, the ETFs recorded net inflows of $17.19 million, marking their 9th consecutive weekly net positive flow. During the previous week, XRP increased by 10.4%. However, it has witnessed similar gains in subsequent inflow weeks.

During the past nine weeks, XRP has only recorded three green candlesticks. This has seen it drop from the high of $1.54 in mid-May to its current price, representing a 30.5% drop.

XRP ETFs’ performance also contradicts that of other major cryptocurrencies. For context, the Bitcoin ETFs saw net outflows of $526.6 million last week, their 8th consecutive weekly sell-off. The Ethereum spot ETFs also recorded outflows of $13.7 million last week, as some capital rotated into XRP.

Despite this price-inflow disconnection, Michel believes it is a matter of time before XRP goes parabolic. He believes something is brewing, and soon the inflow pressure from the ETFs will start reflecting on prices. When it does, a repeat of the late 2024 rally could happen.

The analyst mentioned events like the Ripple MiCA full compliance disclosure and the potential DTCC XRP integration as possible catalysts.

Hoskinson Says “There’s No Locking in Cardano,” Criticizes Ethereum Staking Model

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Input Output Global (IOG) CEO Charles Hoskinson has criticized Ethereum’s staking mechanism, arguing that Cardano provides a better alternative.

In a recent commentary, Hoskinson took aim at several aspects of Ethereum’s proof-of-stake (PoS) architecture, particularly its staking design. According to him, Ethereum forces users to navigate unnecessary fund lockups, slashing risks, bonding periods, with liquid staking solutions built around derivative assets such as Lido.

“You have to lock your funds, and have slashing and bonding, and all this garbage, and create synthetic assets like Lido,” Hoskinson said.

He contrasted Ethereum’s approach with Cardano’s staking model, emphasizing that Cardano does not require users to lock their assets to earn staking rewards. 

“There’s no locking in Cardano,” Hoskinson said. 

Ethereum and Cardano Take Different Approaches to Staking

Although Ethereum and Cardano both rely on the Proof-of-Stake (PoS) mechanism to secure their networks, they implement staking in fundamentally different ways.

Ethereum requires validators to stake 32 ETH to operate a validator node. The network also incorporates slashing penalties to discourage malicious behavior and uses withdrawal queues that can delay access to staked funds.

Since Ethereum staking traditionally involves locking assets while awaiting withdrawals, many investors have turned to liquid staking platforms such as Lido. These services issue derivative tokens that represent staked ETH, allowing users to trade or deploy those assets across decentralized finance (DeFi) applications while the underlying ETH remains staked.

Conversely, Cardano employs a native liquid staking model that allows ADA holders to delegate their tokens without locking their funds. Users retain full control of their ADA throughout the staking process and can spend or transfer their holdings at any time while continuing to earn rewards through Cardano’s Ouroboros consensus mechanism.

In Hoskinson’s view, this design eliminates unnecessary complexity while making staking more accessible to everyday users.

Ethereum EUTXO Dispute

Hoskinson’s remarks come shortly after he accused Ethereum of borrowing key ideas from Cardano without acknowledging their origin.

As previously reported, he criticized an Ethereum Foundation proposal that seeks to introduce native UTXO-style payments through “one-shot” objects. The proposal aims to reduce Ethereum’s state bloat by up to 99.8%, while preserving the network’s existing account-based architecture.

According to Hoskinson, the proposal replicates Cardano’s Extended UTXO (EUTXO) model, which has been a core component of the blockchain since its launch. He argued that Ethereum adopted concepts pioneered by Cardano over 10 years ago without giving the project proper credit.

Hoskinson Expects More Cardano Innovations to Influence Ethereum

Looking ahead, Hoskinson suggested that Ethereum could eventually adopt additional innovations pioneered by Cardano.

He predicted that the network may embrace Cardano’s on-chain governance framework, Ouroboros consensus protocol, and treasury system as it continues evolving its architecture.

His latest comments extend a long-running rivalry between the two leading Proof-of-Stake blockchains, with Hoskinson continuing to position Cardano’s staking design and broader architecture as more efficient, accessible, and sustainable than Ethereum’s current model. 

YFSX / VIN: The Dual-Token DeFi Ecosystem Bringing Utility, Liquidity, and Governance Into One On-Chain Model

The next chapter of decentralized finance is unlikely to be defined by louder promises. It will be defined by systems that can explain themselves clearly, operate transparently, and give users a more direct role in how value is created and maintained.

That is the position YFSX / VIN is moving toward.

Built on BSC, YFSX / VIN is an open-source dual-token DeFi ecosystem designed around code-based execution, liquidity incentives, automatic burn mechanics, and community governance. At its core are two connected assets: YFSX, the governance and deflationary token, and VIN, the application and liquidity-mining token. Together, they create a model that attempts to align holders, liquidity providers, and ecosystem participants through smart-contract-based mechanics rather than centralized management.

This distinction is important in the current market. Crypto users have become more cautious, and the industry has become more demanding. It is no longer enough for a project to describe itself as decentralized. The more important question is whether decentralization is actually reflected in the structure of the system. Who controls the liquidity? Are token allocations transparent? Can assets be frozen? Are users participating through their own wallets? Are the rules visible on-chain?

YFSX / VIN is designed around these questions. According to the project’s official materials, the ecosystem has no team allocation, no pre-mine, and no backend authority capable of freezing user assets. Participation is non-custodial, transactions are executed through decentralized exchanges, and the core mechanics are handled by smart contracts. For users who value the original principles of DeFi, this creates a stronger foundation than a model dependent on centralized control.

Security also strengthens that foundation. In DeFi, an audit is not just a technical formality; it is one of the clearest ways for a project to show that its smart contracts and token mechanics have been independently reviewed. In April 2026, YFSX VIN successfully passed a CertiK audit, achieving exceptionally high scores across both code security and token scanning assessments. For a project built around code-based execution and non-custodial participation, that audit result adds an important layer of credibility to the broader ecosystem narrative.

The dual-token structure gives the project its economic identity. YFSX has a fixed total supply of 19,999 tokens and is positioned as the governance and deflationary layer of the ecosystem. Its transaction model includes an automatic burn component and liquidity support, helping connect token activity with long-term ecosystem mechanics. VIN, with a fixed total supply of 19,999,000 tokens, serves as the application and liquidity-mining layer. It is designed to support participation, LP rewards, and the broader utility side of the ecosystem.

Rather than placing every function inside one token, YFSX / VIN separates governance and utility into a more layered model. YFSX represents scarcity, governance, and long-term alignment. VIN supports liquidity participation and practical ecosystem activity. This creates a dual-token flywheel where transactions, liquidity, rewards, and governance are meant to reinforce one another over time.

Liquidity is one of the most important parts of this story. In DeFi, liquidity is not simply a technical feature; it is the foundation that allows users to enter, exit, trade, provide capital, and build confidence in a protocol. Many projects treat liquidity as a launch requirement. YFSX / VIN treats it as part of the core operating system.

Through its transaction mechanics, a portion of activity is directed back into liquidity and LP incentives. This gives liquidity providers a more meaningful role in the ecosystem. They are not just temporary participants looking for yield; they help support the infrastructure that allows the project to function. This is why the project’s framing around holders and LP providers is central to its message: holders participate in the long-term governance narrative, while liquidity providers contribute to the system’s operating strength.

There is also a broader market context behind YFSX / VIN. DeFi began with the idea that financial infrastructure could become open, programmable, and accessible without traditional intermediaries. Over time, however, the market became crowded with projects that used the language of decentralization without always delivering its substance. Today, users are more likely to look for clear mechanics, fairer structures, verifiable data, and models that do not depend entirely on a central team.

YFSX / VIN fits into that more serious DeFi conversation. Its appeal is not based on a single event or short-term campaign. It is based on a longer-term thesis: that code-governed ecosystems, transparent liquidity mechanics, and community participation still matter.

The project’s next stage is likely to be defined by communication as much as technology. For international users, YFSX / VIN needs to be easy to understand. The dual-token model, burn mechanics, liquidity rewards, governance structure, and participation process must be explained in a way that feels accessible without losing the seriousness of the underlying architecture.

That is why the project’s current direction is significant. Rather than relying only on aggressive promotion, YFSX / VIN is moving toward stronger international positioning, educational content, improved social channels, broader Web3 visibility, and clearer onboarding for new participants. In the current market, that kind of foundation-building can be more valuable than short-term attention.

The strongest Web3 ecosystems are not built only through technology. They are built through trust, repeated communication, community culture, and the ability to make complex systems understandable. YFSX / VIN already has the ingredients of a serious DeFi narrative: decentralization, dual-token design, liquidity incentives, deflationary mechanics, DEX-based access, and community governance.

The opportunity now is to translate those mechanics into a broader global story.

In a market where users are learning to separate infrastructure from noise, YFSX / VIN offers a clear message: decentralized finance should be transparent, participatory, and governed by code. If the project continues to strengthen its communication and community presence, it could become one of the more interesting dual-token ecosystems to watch in the next phase of DeFi.

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Cardano Forms RSI Bullish Divergence: What This Means for Price

Cardano recently formed a bullish divergence involving the daily RSI, suggesting that the selling pressure may be weakening.

Cardano (ADA) remains under pressure, trading at $0.16697 and down 4.19% on the day. However, a major technical signal has appeared on the daily chart, suggesting that bearish momentum may be losing strength.

The signal comes from a bullish divergence between ADA’s price and the Relative Strength Index (RSI). While this pattern does not confirm that the downtrend has ended, it shows that sellers are losing momentum even as the price continues to make lower lows.

Cardano RSI Divergence Indicates Improving Momentum

The bullish divergence developed between two swing lows that formed about three weeks apart. Specifically, on June 8, ADA dropped to $0.1487, pushing the RSI down to 12.78, an extremely oversold level that reflected heavy selling pressure during the early-June decline.

Later, on June 25, ADA fell further to $0.1380, creating a lower low on the price chart. However, instead of falling further, the RSI posted a higher low of 25.10 on the same day. This created a bullish divergence, where price makes a lower low but the momentum indicator forms a higher low.

Cardano RSI Bullish Divergence
Cardano RSI Bullish Divergence

This pattern suggests that sellers are beginning to lose control. Although they managed to push ADA to a new low between June 8 and June 25, they did so with much weaker momentum. 

Since then, the RSI has climbed to 47.57, while its signal line stands at 42.93. An upward trendline now connects the RSI readings of 12.78 and 25.10, confirming the improving momentum. If the RSI moves above 50 and stays there, it would provide stronger confirmation that buyers are now gaining control.

Cardano Fibonacci Levels

Meanwhile, ADA’s daily chart also shows Fibonacci retracement levels from the swing high of $0.28935 to the June 25 swing low of $0.13800, which also marks the point where the RSI bullish divergence formed. These levels present key support and resistance areas for ADA.

Right now, ADA is testing the 0.786 Fibonacci retracement at $0.16169, a level that has served as both support and resistance in recent sessions. Just below it sits the 0.888 retracement at $0.14993, which provides another important support area. 

If ADA closes below that level, the market could revisit the $0.13800 low. A break below that support would then expose the 1.272 Fibonacci extension at $0.11283 and the 1.414 extension at $0.10156, although reaching those levels would likely require a much weaker crypto market overall.

On the upside, ADA first needs to reclaim the 0.618 Fibonacci retracement at $0.18311 to improve the short-term outlook. 

Cardano Fibonacci Levels and MACD
Cardano Fibonacci Levels and MACD

Holding above that level could then open the door to the 0.33 retracement at $0.22663, representing a gain of about 35% from the current price. The previous swing high at $0.28935 remains the major resistance level over the longer term.

MACD and Bollinger Bands Show Weakening Pressure

The Moving Average Convergence Divergence (MACD) also shows improving momentum. The MACD line currently stands at 0.00462, while the signal line sits at -0.00095. 

During the sharp sell-off in June, the MACD histogram recorded deeply negative readings. Since then, the histogram has moved closer to the zero line and has begun shifting toward positive territory, showing that bearish momentum continues to weaken despite today’s decline.

Meanwhile, the middle Bollinger band stands at $0.16047, while the upper and lower bands sit at $0.19128 and $0.12966, respectively. ADA is trading slightly above the middle band, placing it in a neutral position rather than confirming either a breakout or another breakdown. 

The upper Bollinger Band at $0.19128 also sits close to the 0.618 Fibonacci retracement at $0.18311, creating a strong resistance area that buyers will need to overcome.

What Could Come Next for Cardano?

In the short term, $0.16169 remains the most important level to watch. ADA needs to stay above this 0.786 Fibonacci retracement on a daily closing basis to keep the bullish divergence valid. 

A drop below the 0.888 retracement at $0.14993 would show that buyers failed to build on the improving momentum and could lead to another test of the June 25 low at $0.13800. If that level breaks, the current bullish setup would lose its validity, and the Fibonacci extension targets could come into focus.

If ADA holds its ground and the rising RSI trendline remains intact, the first upside target stands at $0.18311, where the 0.618 Fibonacci retracement meets the upper Bollinger Band. 

A strong daily close above that level, together with an RSI move above 50 and continued improvement in the MACD, would point to a greater change in market structure and could pave the way for a move toward $0.22663.

Meanwhile, it remains to be seen if the $0.13800 low will prove to be the cycle bottom. The bullish RSI divergence and improving MACD momentum point to that possibility. 

However, ADA still needs to reclaim and hold above the 0.618 Fibonacci retracement at $0.18311 before the broader trend can shift from bearish to bullish. Until then, the RSI divergence is just a promising signal, not the confirmation of a full trend reversal.

XRP Price Risks Crashing as Japanese Yen Carry Trade Unwind Gains Momentum

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How the XRP price will possibly react has come into focus as rumors of a major decision by the Bank of Japan gain momentum.

History shows that the last Japanese yen carry trade unwinding did not pan out well for XRP, as the asset lost more than a third of its value in days. Unconfirmed speculation of a similar unwinding is growing, and concerns of its implications for XRP have resurfaced.

Bank of Japan Planning Drastic Policy Measures?

Yuto, an account claiming ties with the Bank of Japan (BOJ), has raised eyebrows with a recent cryptic message. In a tweet, the account suggested that the BOJ is preparing a measure that will “affect the lives of billions of people.”

Its mention of the Western countries further adds context. The tweet expressed its deepest apologies to them, suggesting the policy would majorly affect them.

Notably, this raises concern because Yuto reportedly has a track record of foreshadowing the Bank of Japan’s policy decisions before official announcements. While the post did not state specifically what the coming measure will be, many have linked it to the yen carry trade unwinding.

BOJ Interest Rate Hikes and Why July 30 Is in Focus

Since Prime Minister Sanae Takaichi entered office in October 2025, Japan has increased the interest rate twice. In June, the BOJ raised the rate by 25 basis points to a 31-year high of 1%, while declaring its readiness to further increase it to curb inflation.

With the rising cost of imports and the yen’s consistent price weakness, analysts are speculating that the BOJ could further increase borrowing costs. This brings July 30 into focus, which aligns with the next rate decision day for Japan’s central bank.

If what Yuto mentioned is anything to go by, the BOJ could be planning a jumbo interest rate hike similar to what it did in 2024. For context, the BOJ made a historical decision to raise the cost of borrowing from around 0%-0.1% to 0.25% in July 2024, sending the global market into a frenzy.

Such a decision would spark a yen carry trade unwinding and bring renewed volatility to the global market, including cryptocurrencies. Notably, the size of the yen carry trade is in hundreds of billions of dollars. When rates become too high, the trade becomes unprofitable, pushing investors to sell off assets overseas to cover loans in yen.

XRP Fell 35% the Last Time

Like most cryptocurrencies, XRP suffered from the adverse market conditions of the yen carry trade unwinding in 2024. As investors sold, liquidity left the digital asset sector, dragging the asset lower.

On July 31, 2024, XRP reached a high of $0.659. Following the rate hike and the unwinding that followed it over the course of the next few days, the coin dropped drastically. It declined by 34% to a low of $0.432 on August 5.

The concern is that if the unwinding reaches levels similar to 2024, it could have the same effect on the price of XRP. A 34% drop from the current market price of $1.09 would take XRP to a low of $0.72. 

Notably, this remains highly speculative and lacks certainty. However, as rumors continue to grow, how XRP will react to a yen carry trade unwinding continues to draw attention, particularly in the current weak market conditions.

XRP Weekly New Addresses Rise 40% with 26,000 New Wallets, as Growth Hits Three-Month High

New wallet creation on the XRP Ledger reached its highest level since March during the final week of June.

The increase adds to signs of rising network activity alongside growing institutional adoption and tokenized asset issuance.

According to on-chain data shared by Evernorth, about 26,000 new XRP wallets were created in the week ending June 29. That was up roughly 40% from around 18,400 the previous week.

It marked the strongest weekly wallet growth since March and suggests renewed interest in the XRP ecosystem.

XRPL Network Activity

Notably, new wallet creation trended higher throughout June. Weekly additions rose from 18,100 at the start of the month before dipping to 16,900. They then recovered to 18,400, jumped to 24,400, and reached about 26,000 in the final full week of the month.

Evernorth said the surge shows that “on-chain adoption doesn’t lie.” The firm suggested the trend could indicate XRP is either in an accumulation phase or entering a broader expansion cycle.

Image by Evernorth on X
Image by Evernorth on X

Amid the sharp increase in new participants joining the XRP network, the total number of XRP accounts has reached 7.98 million. Data from the XRP Rich List confirms a steady rise in the number of XRP wallets over the past year, increasing from around 6.6 million to nearly 8 million.

Tokenized Assets Top $4B on XRP Ledger

Beyond wallet growth, Evernorth highlighted rising institutional use of the XRP Ledger. The firm said about $4 billion in tokenized real-world assets (RWAs) now reside on XRPL across more than 500 products.

According to Evernorth, that makes the network’s tokenized asset market roughly four times larger than the entire XRP ETF market.

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The company also pointed to growing institutional adoption. Earlier this year, a Treasury redemption involving JPMorgan, Ondo, and Mastercard reportedly settled on the XRP Ledger in about four seconds, based on statements from the participating companies.

ETF Inflows Support Adoption

Evernorth also highlighted continued demand through spot XRP exchange-traded funds. The firm said spot XRP ETFs recorded net inflows for eight consecutive weeks. They attracted about $23 million during the final week of June, bringing cumulative net inflows to roughly $1.47 billion.

According to Evernorth, the combination of rising wallet creation, expanding tokenized assets, and steady ETF inflows points to multiple sources of demand emerging at the same time.

“Tokenized assets, institutional capital, and new wallets, all growing at once,” Evernorth said. “Three different forms of demand, pointing the same way. This is what early adoption looks like up close.”

XRP Take-Profit Targets All the Way to $7

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A recent XRP trading strategy presents a tiered take-profit plan, showing how much investors could consider selling at different price levels up to a $7 peak. 

The bear market has persisted into its tenth month, and XRP has not escaped the onslaught. After recently recovering to a $1.18 high, XRP has recorded three consecutive intraday losses and is now on track for a fourth one, as prices retrace to $1.09.

However, amid the downward price action, a recent trade setup indicates that this presents an opportunity for investors to enter the scene at lower prices, presenting a tiered take-profit plan all the way to a new all-time high around $7.

XRP Trade Entry Plan

The trade calls for deploying 25% of intended capital in the $1.35 to $1.36 range, a level XRP currently trades below. At present, the market is moving toward the deeper entry zones where the strategy places its heaviest allocation.

Specifically, the trade deploys capital across three distinct price ranges, with the largest commitment reserved for the lowest level. 

The first tranche of 25% targets the $1.35 to $1.36 area, which XRP has already lost. The second tranche of 25% targets a range between $0.90 and $1.00, a level XRP has not yet reached during this downturn. Meanwhile, the final tranche, carrying 50% of total capital, targets the $0.55 to $0.65 range. 

Notably, reserving the largest allocation for the lowest price level could maximize the return potential if XRP embarks on a full recovery, since the average cost basis drops as the price falls further before a rebound.

XRP Take-Profit Targets Up to $7

Essentially, the trade assumes XRP will rebound from whichever of these lower levels it touches, with the recovery projected using a Fibonacci extension model based on its long-term base at $0.2411.

The first major take-profit target sits at $4.9192, which aligns with the 4.0 Fibonacci extension. Reaching this level would mean XRP more than quadruples from its current price and multiplies several times over from the deepest entry tier. 

XRP Trade Setup
XRP Trade Setup

At this point, the setup instructs participants to sell 80% of their accumulated position. This would allow them to secure the bulk of gains while the asset retains momentum.

Meanwhile, the terminal take-profit sits at $7.2582, aligning with the 6.0 Fibonacci extension from the base anchor. This level is more than six times above the current price and would represent a new peak for XRP by a wide margin. The trade directs participants to close the remaining 20% of the position here, completing the full exit.

How a $10,000 Trade Would Look

To put things into perspective, a $10,000 capital deployment would purchase 7,692 XRP at $0.65 with 50% entry, 2,777 XRP at $1 with 25% entry, and then 1,838 XRP at $1.36 with 25% entry. This brings total XRP procured to 12,307 with the $10,000 capital.

If the investor follows the take-profit plan, they will sell off 9,845 XRP or 80% of their holdings at a price of $4.9192, securing $48,433. Moving further, the remaining 20% bag, about 2,461 XRP, could be sold at $7.25 for $17,845. 

Overall, the $10,000 capital could grow to over $66,000. However, this depends on XRP surging to the take-profit targets of $4.9 and $7.25, which remains uncertain at press time.