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XRP Utility Continues to Expand, Flare CEO Explains How Flare Is Unlocking New Use Cases

Abdulkarim Abdulwahab
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0
XRP Utility Continues to Expand, Flare CEO Explains How Flare Is Unlocking New Use Cases

Ripple has highlighted the growing utility of XRP, with Flare co-founder and CEO Hugo Philion explaining how Flare is giving XRP holders access to new use cases.

Speaking on Ripple’s Onchain Economy series, Philion said Flare aims to extend the XRP ecosystem by bringing XRP into a smart contract environment. This allows XRP holders to access decentralized finance (DeFi) applications and other blockchain-based services.

Flare Connects XRP to Smart Contracts

Philion described Flare as a Layer-1 network focusing on interoperability and data protocols. One of its key products is FXRP, a bridge that connects the XRP Ledger to the Flare network.

Through FXRP, XRP can be used in smart contract applications. This opens the door to DeFi services that are not available directly on the XRP Ledger.

For example, users can use XRP as collateral, borrow against it, access stablecoins, and interact with tokenized assets. These assets can include commodities such as gold and other real-world assets.

According to Philion, these tools allow XRP holders to do more with their tokens instead of simply holding them.

Given this utility, FXRP has gained wide acceptance in the crypto community. The most recent data show that FXRP has a circulating supply of 155.76 million and a TVL of $186 million.

New Yield Opportunities for XRP Holders

Philion also highlighted yield generation as an important use case. Through Flare, users can deposit XRP as collateral to borrow stablecoins. They can then deploy those stablecoins into other markets that offer returns.

This approach allows users to earn yield while still maintaining exposure to their XRP holdings.

Flare has also integrated wallet features that let users manage XRP on Flare directly from the XRP Ledger. Philion said this creates a smoother experience between the two networks.

Privacy May Drive Institutional Adoption

Looking ahead, Philion discussed a new initiative called Flare Confidential Compute.

The system operates outside the blockchain and uses trusted execution environments to verify confidential computations. It is designed for applications that require significant computing power, such as AI models and continuous risk-monitoring systems.

Philion believes privacy will be an important requirement for institutional participation in blockchain networks. He previously noted that FXRP surpassed 100 million in supply solely through retail, without institutional participation.

Flare Sees Growth Potential in Tokenized Assets

Philion said Flare’s technology significantly expands the capabilities of Ripple and the XRP Ledger, especially in the real-world asset (RWA) sector.

He noted that once RWAs are issued on blockchain networks, Flare’s interoperability and smart contract tools can unlock additional functionality for those assets.

According to Philion, this could become a major growth area for both Flare and the XRP ecosystem as demand for blockchain utility continues to increase.

SkyBridge’s Anthony Scaramucci Says Bitcoin Four-Year Cycle Remains Intact, Eyes Major BTC Rally by Q4 2026 

Lele Jima
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SkyBridge’s Anthony Scaramucci Says Bitcoin Four-Year Cycle Remains Intact, Eyes Major BTC Rally by Q4 2026 

SkyBridge Capital founder Anthony Scaramucci believes Bitcoin remains in a normal cyclical correction and has not broken its long-term bullish structure.

Speaking during a CNBC interview, Scaramucci argued that Bitcoin’s recent price action closely mirrors the historical four-year market cycle driven by halving events. 

Bitcoin’s Current Pullback Fits Historical Market Cycles 

After reaching a new all-time high several months following the 2024 halving, Bitcoin entered a significant correction, dropping to $59,000 before rebounding to $65,000. Nonetheless, Scaramucci maintains that the market is moving through a typical post-halving downturn rather than entering an abnormal bearish phase.

Moreover, he emphasized that the current correction has been relatively mild compared to previous bear markets. Historically, Bitcoin has declined between 60% and 70% from its peak during major downturns. By comparison, he noted that the current drawdown stands at roughly 50%, indicating stronger resilience than in prior cycles.

According to Scaramucci, growing institutional participation has helped support Bitcoin’s price. In particular, spot Bitcoin ETFs have introduced a new source of demand that previous market cycles lacked, helping to cushion the asset’s decline. 

Scaramucci Expects Bitcoin Recovery to Begin in Late 2026

Despite the ongoing downturn, Scaramucci expects Bitcoin to begin recovering in the fourth quarter of 2026, with the rally extending into early 2027.

He noted that this timeline would place the recovery roughly nine months ahead of Bitcoin’s next halving in April 2028, a period when supply dynamics have historically started tightening and investor sentiment has improved. 

Historically, Bitcoin has performed exceptionally well in the fourth and first quarters of market cycles. The asset has generated an average gain of 66.7% in the fourth quarter and 52.9% in the first quarter. 

However, the current cycle has deviated from that pattern. Bitcoin ended Q4 2025 with a 23.2% loss and followed it with a 22.1% decline in Q1 2026. The cryptocurrency also closed Q2 with a 3.73% loss. Even so, Scaramucci believes the market will regain momentum later in 2026 and carry that strength into the first months of 2027.

Scaramucci Defends Strategy 

Scaramucci also pushed back against concerns surrounding Michael Saylor and his company’s aggressive Bitcoin accumulation strategy. The discussion comes as the company faces substantial unrealized losses following Bitcoin’s price decline. Currently, its Bitcoin holdings are down approximately $8.57 billion.

As a result, some critics have questioned whether an extended bear market could place financial pressure on Saylor and the company. However, Scaramucci dismissed those fears, arguing that Saylor remains in a strong financial position.

He described the company’s balance sheet as strong, suggesting that many critics misunderstand how its financing structure works. Furthermore, Scaramucci highlighted Saylor’s recent efforts to repurchase portions of the company’s convertible debt, reducing a risk factor that had previously concerned some investors.

Market Apathy May Be Signaling a Bottom: Scaramucci 

Beyond fundamentals, Scaramucci pointed to several sentiment indicators that he believes are flashing contrarian buy signals. Notably, he observed that Bitcoin’s Relative Strength Index (RSI) has fallen to historically low levels while investor enthusiasm has largely disappeared. At the same time, Google search interest related to Bitcoin has declined significantly, reflecting widespread apathy toward the asset.

Drawing on nearly four decades of investing experience, Scaramucci argued that periods of extreme pessimism often create the conditions for powerful recoveries. 

To support his argument, he pointed to a recent rally in which Bitcoin surged from approximately $61,000 to $65,000 within a short period. According to Scaramucci, that move illustrates how quickly the asset can respond when buying pressure returns. 

Altcoins Are Not Dead, but the Easy Money Era Is Over: CryptoQuant Founder

Elendu Benedict
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Altcoins Are Not Dead, but the Easy Money Era Is Over: CryptoQuant Founder

CryptoQuant founder Ki Young Ju says altcoins are not dead, but not all will thrive as before, particularly as the crypto market matures.

For years, the altcoin market thrived on narratives. A compelling story, capturing a trending sector, or a viral community was often enough to push token valuations higher. According to CryptoQuant’s Ki Young Ju, that era has largely come to an end.

In an X thread, Ju argued that altcoins themselves are “not dead.” However, the market is becoming far less favorable toward projects that rely solely on hype and narrative. As institutional capital enters the crypto space and regulators become more involved, investors are paying closer attention to a select group of altcoins with long-term potential.

Notably, his comments come amid a broader shift visible across the crypto market in the previous bull run. While Bitcoin continued to attract capital from traditional finance, many altcoins struggled to regain the momentum they enjoyed during previous market cycles.

Hype Alone No Longer Drives the Market

Ju believes the biggest change in today’s crypto market is that simply launching a token is no longer enough to create lasting value. He suggested that the era of making easy money through token issuance is fading.

During previous altcoin cycles, capital often flowed rapidly between emerging narratives. Decentralized finance (DeFi), non-fungible tokens (NFTs), gaming projects, and memecoins each experienced periods of explosive enthusiasm. In many cases, token prices surged long before projects generated meaningful revenue or demonstrated sustainable demand, simply because they are in a trending narrative.

According to Ju, that dynamic appears to be fading. He noted that projects most likely to remain relevant are those connected to real businesses, functioning products, and established ecosystems. This suggests that the crypto market is increasingly distinguishing between speculative narratives and platforms that can demonstrate actual economic activity.

Investors Shift Toward Three Groups of Altcoins

Furthermore, Ju highlighted three groups of altcoins that “still make sense” to him. Specifically, he mentioned projects with tokenized market layers, DeFi services with actual revenue, and ecosystems that align with the broader financial trends as those that will continue to attract investors.

The CryptoQuant founder pointed to assets such as Binance’s BNB and Telegram’s GRAM (formerly TON) as examples of tokens linked to large-scale platforms with active user bases and established revenue streams. In his view, they provide exposure to their underlying ecosystems rather than relying solely on speculation.

Ju also emphasized the importance of DeFi protocols that generate meaningful fees through actual usage. Platforms that serve real demand, are profitable, and have credible founders are better bets than hype projects. Ju mentioned Hyperliquid (HYPE) in this category.

At the same time, he believes some of the most promising opportunities are emerging from broader financial trends. Stablecoins, tokenized real-world assets, tokenized equities, and blockchain-based financial infrastructure are increasingly attracting attention from both crypto-native participants and traditional institutions.

Unlike earlier cycles, where capital largely circulated within the crypto ecosystem itself, these sectors connect blockchain technology with traditional financial markets and services. He noted that the market is starting to understand the purposes that blockchain technology serves, bringing in more liquidity to the sector.

Crypto May Look More Like Wall Street in the Future

Additionally, Ju highlighted how dramatically the culture of crypto has changed.

He described the industry’s early years as resembling jazz, which meant unpredictable, experimental, and driven by a spirit of freedom. Today, he sees a market increasingly shaped by regulation, institutional participation, and professional capital allocation, more like Wall Street.

The change has benefits. Greater oversight can improve transparency, reduce risk, and encourage broader adoption. Large financial institutions entering the space also bring liquidity and credibility. However, Ju acknowledged that the industry has lost some of its original character along the way.

Looking ahead, he believes the next wave of successful crypto projects may emerge from sectors that extend beyond traditional blockchain use cases. As artificial intelligence becomes more integrated into everyday digital systems, blockchain infrastructure designed for autonomous AI agents could become an important area of development.

Ju agrees with critics who argue that 99.9% of altcoins lack long-term value. Yet he insists that it is prejudiced to suggest all are irrelevant.

Standard Chartered Sees UNI at $100, Ethereum at $40K and Bitcoin at $500K by 2030

Abdulkarim Abdulwahab
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0
Standard Chartered Sees UNI at $100, Ethereum at $40K and Bitcoin at $500K by 2030

Standard Chartered has issued ambitious long-term forecasts for the crypto market as Bitcoin recovers from earlier dips.

The bank expects major gains for Uniswap’s UNI token, Ethereum, and Bitcoin before the end of the decade. Its outlook is based on the belief that decentralized finance (DeFi) and tokenized real-world assets (RWAs) will become major drivers of crypto adoption in the coming years.

The forecasts call for UNI to rise from around $3.60 to $100 by 2030. Ethereum is projected to climb from about $1,700 to $40,000, while Bitcoin could reach $500,000.

Crypto content creator Altcoin Daily reacted to the report, saying: “You aren’t bullish ENOUGH.”

UNI to Rally Nearly 40x

According to the bank, UNI could surge almost 40-fold from current levels and reach $100 by the end of 2030.

In a report led by Geoffrey Kendrick, Standard Chartered’s Global Head of Digital Assets Research, the bank said Uniswap will benefit from the expansion of tokenized assets within DeFi.

The report estimates that tokenized assets actively used in DeFi could grow from roughly $340 billion today to about $4 trillion by the end of 2028. That would represent a 37-fold increase.

Standard Chartered also expects the share of tokenized assets used in DeFi to rise sharply. It projects this figure will increase from about 3.5% today to 30% by 2030.

As a result, the bank believes total value locked (TVL) in DeFi could reach $2.7 trillion by the end of the decade, up around 37 times from current levels.

Why the Bank Is Bullish on Uniswap

Standard Chartered highlighted several strengths that could help Uniswap capture a large share of this growth.

The bank described Uniswap as an “all-purpose” infrastructure layer with a strong brand and a long operating history. It also noted the protocol’s ability to support trading between closely related tokenized assets.

According to the report, as more real-world assets move on-chain, liquidity pools could create efficient markets for correlated assets. This structure may allow traders to access opportunities that are difficult to replicate in traditional finance.

The bank believes Uniswap could benefit significantly if it successfully commercializes these opportunities and builds partnerships with traditional financial institutions.

Standard Chartered Bitcoin Ethereum UNI Uniswap price prediction
Standard Chartered Bitcoin Ethereum UNI Uniswap price prediction

Ethereum and Bitcoin Receive Lofty Targets

Standard Chartered’s bullish outlook extends beyond Uniswap. The bank expects Ethereum to climb from roughly $1,700 to $40,000 by 2030, representing a gain of more than 22 times.

Bitcoin is projected to rise from around $66,000 to $500,000 over the same period. That would amount to a gain of more than sevenfold.

Both assets have recently rebounded from earlier declines. Bitcoin is currently trading near $65,500, up 7% over the past week. However, it remains down about 25% year-to-date.

Ethereum is trading around $1,788 after gaining 10% over the past week. Despite the recovery, it is still down roughly 40% since the start of the year.

UNI Jumps After the Forecast

The report has sparked fresh interest in Uniswap’s native token. UNI is currently trading around $3.62, up 23% in the last 24 hours and 48% over the past week. The gains followed the publication of Standard Chartered’s forecast.

Even after the rally, UNI remains about 48% lower on a year-to-date basis. 

The strong price reaction highlights growing investor confidence in the long-term potential of tokenized assets and DeFi. 

XRP Now Seeing 40.5B Coins in Loss, But Here’s Where It Must Hit to Mark the Bottom

Sam Wisdom Raphael
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XRP Now Seeing 40.5B Coins in Loss, But Here’s Where It Must Hit to Mark the Bottom

The supply of XRP in loss has risen to 40.5 billion coins, but steeper declines may be necessary before the price can find a solid bottom.

XRP has bounced back above $1.20 after declining to a new yearly low of $1.05 during the recent cryptocurrency market selloff last week. However, one analyst believes the asset may not have reached its final bottom yet.

Well-known market watcher Blockchain Backer recently argued that the amount of XRP currently held at a loss has not yet reached the levels seen during previous market bottoms, suggesting that further downside remains possible.

Bitcoin and Ethereum Have Already Reached Key Bottom Signals

In a recent market exposition, Blockchain Backer pointed out that the crypto market recently experienced several liquidation events worth more than $1 billion each. 

Despite the heavy selling pressure, market conditions have remained relatively stable over the last two weeks. He noted that different assets have shown varying price behavior during this period, while XRP has largely remained stuck near its recent lows.

According to Blockchain Backer, this is not unusual. He explained that assets typically move through different accumulation patterns before a market bottom forms. 

He also highlighted the importance of the crypto market approaching the 300-week moving average, a level that has played a major role during previous bear market lows.

Blockchain Backer suggests that the current market position is similar to conditions recorded after the FTX collapse in 2022, when the market came close to the same moving average before eventually finding support and beginning a recovery.

On-Chain Data Shows Similarities to Previous Market Bottoms

Blockchain Backer believes current on-chain data resembles conditions that existed during previous bear market bottoms. One of the main indicators is the number of Bitcoin tokens held at a loss.

He noted that Bitcoin recently reached 10.47 million coins in loss, a level that has historically coincided with major market lows. Similar readings appeared during the 2022 FTX collapse and the 2018-2019 market capitulation.

The analyst explained that Bitcoin has now reached the important 10.5 million coins-in-loss threshold. As this aligns with the broader market’s interaction with the 300-week moving average, it could mark a sign that Bitcoin may have already completed its bear market phase.

Ethereum has also reached an important level. According to Blockchain Backer, more than 54 million ETH are now being held at a loss. He noted that this matches levels last seen following the FTX collapse, making it another important signal that the market may be forming a bottom.

He believes that, as both Bitcoin and Ethereum have reached their historical loss thresholds, they may have already checked the boxes that previously marked major market lows.

XRP Still Falls Short of Historical Bottom Levels

While Bitcoin and Ethereum have reached their historical markers, Blockchain Backer said XRP has not done the same.

He noted that XRP currently has 40.5 billion coins in loss. Although this means more holders are underwater than in profit, the figure remains below the levels recorded during previous bear market bottoms.

XRP Supply in Loss Glassnode
XRP Supply in Loss | Glassnode

Looking at earlier market cycles, XRP reached 43.4 billion coins in loss during the COVID crash in 2020. During the 2022 bear market bottom, the figure climbed to 43.2 billion coins. Following the FTX collapse, XRP reached an even higher level of 45.0 billion coins in loss.

Compared to those previous lows, the current reading of 40.5 billion coins remains noticeably lower. Since XRP has not yet reached that level, he believes the possibility of another decline cannot be ruled out.

Could XRP Fall to $0.89?

Data from the analyst’s chart indicates that XRP would need to fall to around $0.89 for the number of coins in loss to reach the 43 billion level that has marked previous bottoms. Interestingly, market analysts Chart Nerd, Casi, and EGRAG have projected possible declines to similar levels before a full-blown recovery.

However, Blockchain Backer stressed that this outcome is not guaranteed. He explained that the 43 billion figure is based on historical behavior, and is not a fixed rule. While previous market lows have occurred around that level, there is no certainty that XRP must revisit it during the current cycle.

Bitmine, Arthur Hayes, and Major Ethereum Whale Accumulate Over 32K ETH in Hours

Lele Jima
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0
Bitmine, Arthur Hayes, and Major Ethereum Whale Accumulate Over 32K ETH in Hours

Large Ethereum investors, including BitMEX co-founder Arthur Hayes, continue to demonstrate strong conviction in ETH through fresh purchases.

According to recent updates from Lookonchain, blockchain wallets linked to Hayes, Bitmine, and the whale address geministar.eth acquired more than 32,000 Ethereum coins over the past day, signaling sustained confidence in Ethereum despite ongoing market volatility. 

Bitmine Leads the Purchase with 20K Fresh ETH Buy 

Notably, Bitmine, the crypto treasury company chaired by Tom Lee, spearheaded the latest Ethereum buying spree. Lookonchain reported that Bitmine acquired an additional 20,000 ETH worth roughly $35.85 million. The company executed the purchase through FalconX, a leading institutional crypto trading platform, using a newly created wallet.

This approach aligns with Bitmine’s established accumulation strategy, whereby the company acquires ETH through intermediary wallets before transferring the assets to its primary treasury wallet.

Earlier this week, Bitmine disclosed that its Ethereum holdings had reached 5.62 million ETH, representing 4.66% of Ethereum’s total supply. Notably, the company has staked around 4.71 million ETH, underscoring its long-term commitment to the Ethereum ecosystem and its yield-generating strategy.

geministar.eth Buys 11,142 ETH 

Prominent Ethereum whale geministar.eth also purchased 11,142 ETH worth approximately $19.94 million from Binance. Notably, the acquisition came less than two days after the whale bought another 21,136 ETH from the exchange. As a result, geministar.eth has accumulated 32,278 ETH over the past two days, valued at roughly $57 million.

The aggressive accumulation suggests that the investor remains highly bullish on Ethereum’s near- and long-term prospects. 

Arthur Hayes Expands Ethereum Position

Arthur Hayes also contributed to the recent buying activity. According to Lookonchain, the BitMEX co-founder purchased an additional 1,400 ETH worth approximately $2.51 million in the late hours of yesterday. The latest acquisition further increased Hayes’ Ethereum exposure and reinforced his growing confidence in the asset.

Following the purchase, Hayes now holds a total of 4,400 ETH, making Ethereum his largest holding by dollar value. Notably, the latest purchases from Bitmine, geministar.eth, and Hayes amount to 32,542 ETH acquired within a short period. 

Market participants closely monitor whale accumulations because large investors often influence market sentiment and can signal expectations of future price appreciation. 

ImageEthereum Attempts Recovery Above $1,800

The accumulation trend comes as Ethereum attempts to reclaim the $1,800 level. After falling to a monthly low of $1,506 earlier this month, ETH has steadily recovered and posted modest gains. The asset also benefited from a broader crypto market rally this week following reports that the conflict between the United States and Iran has been resolved. 

Amid the renewed optimism, Ethereum climbed to approximately $1,850 before retracing below the key $1,800 threshold. At press time, ETH trades at $1,792, up 1.71% over the past 24 hours and 10.53% over the past seven days. 

Ali Martinez Says XRP Is Breaking Out, Here’s the Price Target

Abdulkarim Abdulwahab
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0
Ali Martinez Says XRP Is Breaking Out, Here’s the Price Target

XRP is showing renewed strength after recovering from this month’s sharp decline. 

Analyst Ali Martinez believes the token is now in the middle of a bullish breakout that could drive prices higher in the near term.

In a post on X, Martinez noted that XRP had spent the past week consolidating within a symmetrical triangle pattern. The asset has now broken out of that formation, prompting the analyst to set a near-term target of $1.30.

At the time of his post, XRP was trading around $1.1784. Since then, the token has climbed to $1.24, a gain of roughly 5.2%. XRP is also up about 7.5% over the past seven days.

XRP Rebounds After Testing Key Support

The latest rally follows a period of intense selling pressure earlier this month. During the first week of June, XRP briefly fell to around $1.03. The drop brought the asset close to losing the psychologically important $1 level for the first time in eight months.

Since hitting that low, XRP has rebounded by about 25.24%, rising from $1.03 to $1.29. Even so, the token remains down roughly 32% year-to-date.

The recovery has helped revive bullish sentiment. Some traders now believe XRP may have formed a local bottom and could be preparing for another move higher.

Martinez Previously Flagged Sub-$1 XRP as a Buying Opportunity

Martinez’s latest outlook follows an earlier analysis he shared on June 8. At the time, he identified the $0.90 region as an attractive long-term buying zone if XRP experienced another correction.

He pointed to a monthly chart showing XRP still trading within a long-term bullish structure. The setup is supported by an ascending trendline that has held since the asset traded near $0.11.

Based on that structure, Martinez outlined several long-term targets, including $3.32, $8.50, and $13. He argued that XRP could remain on track for a major expansion phase as long as its long-term support stays intact.

Buy Signal Emerges, but Whale Activity Slows

On June 12, Martinez also highlighted a buy signal from the TD Sequential indicator on XRP’s three-day chart. The signal appeared after the asset fell 18%, dropping from around $1.33 to $1.03.

However, he warned that on-chain data was less encouraging. 

According to Martinez, the number of XRP transactions worth more than $1 million fell by over 57% in nine days, declining from 157 to 67. Data from Santiment also showed that whales sold approximately 60 million XRP during the same period.

The decline in whale activity suggests that large investors may be waiting for clearer market direction.

Meanwhile, traders are watching to see whether XRP price can sustain its breakout momentum. A move to Martinez’s $1.30 target would represent an additional gain of nearly 5% from current levels.

XRP Could be Seeing the Start of Something “Huge” as It Breaches Long-Term Wedge

Mark Brennan
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XRP Could be Seeing the Start of Something “Huge” as It Breaches Long-Term Wedge

XRP could now be witnessing the start of a significant move as its dominance chart finally breaks above a months-long descending wedge.

XRP has taken advantage of the latest market-wide rebound campaign to recover some of the losses incurred earlier this month. The token has since reduced its monthly decline to 7.24%, and a run above $1.33 could finally put it back in the green zone.

Notably, XRP has gained 4.19% this week amid a broader market resurgence after recording a milder 2.64% increase last week. With this, the crypto asset is on track to witness a second consecutive weekly gain for the first time since April.

The XRP Falling Wedge

Amid this upward push, XRP’s market dominance has broken above a long-term descending wedge that has guided its path since July 2025. Well-known market analyst Austin highlighted this breakout, suggesting it could trigger a bullish move.

For context, a descending wedge is a bullish chart pattern formed when price moves lower within two converging downward-sloping trendlines. As the range tightens, selling pressure weakens. It usually signals a potential upward breakout once price breaks above the upper trendline with increased volume.

Notably, market commentator CryptoInsightUK was first to call attention to this descending wedge on the XRP.D weekly chart. The structure began with the formation of a lower descending trendline, which pivoted from resistance to support after XRP’s November 2024 upsurge. 

Due to XRP’s price rally above $1 in November 2024, the dominance chart pushed above this trendline and continued to treat it as support. 

Meanwhile, the upper trendline of the wedge took shape after the XRP price pulled back from the $3.6 all-time high in July 2025. As a result of this price slump, XRP’s market dominance dropped from a high of 5.528% in July 2025 and has continued to see consistent lower highs and lower lows since then, forming the wedge.

XRP Dominance Records Crucial Breakout

Over the past few weeks, XRP’s dominance had been attempting to breach the upper trendline of the wedge, but these attempts met resistance, as the price recovery was not sustained. 

XRP Dominance Breaches Descending Wedge Resistance Austin
XRP Dominance Breaches Descending Wedge Resistance | Austin

This week, a breach has occurred, as XRP’s dominance shoots up by an impressive 2.85% to the 3.41% level on the back of the price rebound effort. Dominance initially surged to 3.5% earlier in the week, but faced resistance at this mark, pulling back to the current area.

Despite the slowdown in market momentum, with XRP’s market dominance dropping 0.22% today, Austin believes “this could be the start of something HUGE for XRP.” 

Notably, such breakouts often lead to massive upsurges when momentum resumes, but not before the asset retests the breakout for strength. XRP’s dominance appears to be moving toward retesting the trendline breakout. If it holds, this confirms underlying strength and a potential rally. However, this remains uncertain at press time.

XRP May Not Retest the $0.90 Support if This Happens

Elendu Benedict
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XRP May Not Retest the $0.90 Support if This Happens

XRP could start a new bullish trend as it approaches one of its most important technical levels in months after a sharp rebound from the $1.09 support zone. 

According to experienced analyst CasiTrades, this recent XRP development could invalidate the expectations of a deeper decline toward the $0.90 macro support area. The level below $1 has been a long-discussed target, but the strength of the latest recovery is beginning to challenge that outlook.

Why the XRP Bounce Has Changed the Outlook

This week, XRP has increased by nearly 5%, building on the strong momentum from the previous. CasiTrades highlighted that what makes the current rally noteworthy is the strength of the reaction from the macro 0.786 Fibonacci retracement near $1.09.

XRP traded around that level earlier in the month after dropping to an intra-month low of $1.05. However, it has recovered considerably, bouncing 12.8% to its current price of $1.23.

The support zone around $1.05-$1.09 has repeatedly attracted buyers, but this latest rebound stands out because of its speed and momentum. XRP quickly formed a higher low before bouncing from a short-term ascending trendline visible on an accompanying chart.

XRP Bounces from $1.09 Macro Support/CasiTrades
XRP Bounces from $1.09 Macro Support/CasiTrades

Momentum indicators are also showing improvement. The relative strength index (RSI) has pushed above 80 on the 4-hour timeframe, reflecting the strongest buying pressure seen since April.

CasiTrades noted that the recovery from $1.09 has introduced a new scenario in which XRP may already have bottomed and could start a new uptrend. However, that alone does not confirm the structural shift or invalidate the larger downtrend towards $0.90 yet.

XRP Faces a Critical Test at $1.30

The analysis further highlighted $1.30 as the first major resistance zone. XRP is currently testing this region after the bounce from the 0.786 Fibonacci macro support. According to the chart, this level was a former support that cushioned price weakness earlier in the year before falling below earlier in June.

Interestingly, CasiTrades noted that the move has already exceeded what she would typically consider a standard corrective C-wave target. While it confirms nothing at the moment, it raises the possibility that the XRP structure could be changing its trend.

A rejection at the resistance would keep the broader bearish structure intact and could reopen the possibility of the long-discussed move toward $0.90.

The Level That Could Cancel the $0.90 Scenario

Despite the improving outlook, the analyst remains cautious because the broader chart structure has not fully shifted. According to her, the level that would invalidate the need for lower support levels is $1.65.

The chart identifies this area as a major resistance zone that has capped uptrends since February. Until XRP can break above $1.65 and establish it as support, the market watcher does not completely dismiss the possibility of a decline to $0.90. From the current price level, XRP would need to rally 34% to reach this decisive zone.

Hoskinson Says Cardano Still Has a Path to Success, Urges ADA to Break Away From Crypto’s Damaged Image

Lele Jima
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0
Hoskinson Says Cardano Still Has a Path to Success, Urges ADA to Break Away From Crypto’s Damaged Image

Despite recent market downturns, IOG CEO and founder Charles Hoskinson maintains that Cardano still has a clear path to success.

Speaking during a recent livestream, Hoskinson argued that the network’s long-term future will not depend solely on its protocol or ADA token. Instead, he emphasized that Cardano’s success ultimately rests on the commitment of its community. According to Hoskinson, the ecosystem remains highly adaptable and can evolve as market conditions change.

Cardano Can Reinvent Itself and Continue Growing: Hoskinson 

Hoskinson stressed that neither Cardano’s technology nor its branding is fixed. He noted that the ecosystem can upgrade its protocol, introduce new distribution models, launch entirely new initiatives, or even rebrand if necessary.

However, he believes one element remains irreplaceable: the community behind the network. According to him, Cardano’s true value lies in the developers, entrepreneurs, investors, and supporters who continue to build and contribute to the ecosystem. 

As a result, he remains confident that Cardano can achieve long-term success, as its community can adapt, innovate, and create new opportunities regardless of market conditions.

Hoskinson Says ADA Must Move Beyond Crypto’s Damaged Reputation

Meanwhile, Hoskinson offered a broader critique of the cryptocurrency industry. He argued that years of speculative excess, including meme coins, NFT bubbles, scams, market collapses, and Trump-themed tokens, have damaged the sector’s public image.

He believes many people no longer view cryptocurrency as a trustworthy industry. To ensure long-term survival, Hoskinson argued that Cardano must distance itself from that reputation and evolve into something more meaningful. 

He pointed to Midnight, Cardano’s partner chain, as an example of the type of project that reflects this strategic shift toward broader utility and real-world relevance.

Bear Markets Separate Conviction From Speculation

Hoskinson also emphasized that bear markets play an important role in strengthening ecosystems. Although downturns can be painful, he argued that they reveal which participants remain genuinely committed while forcing both individuals and communities to reassess their motivations and beliefs.

In his view, bear markets represent more than ordinary financial cycles. Rather, they serve as moments of self-reflection that test conviction and clarify who remains aligned with a project’s long-term vision.

His comments come as some longtime participants reassess their commitment to Cardano amid governance disputes and project shutdowns. Notably, prominent contributor Chicken recently announced his departure from the ecosystem, while crypto analyst Dan Gambardello revealed that he had shifted part of his ADA exposure into Sui.

Hoskinson Remains Confident in Cardano’s Future

Despite ADA falling below $0.20 and growing investors’ frustration, Hoskinson has continued to express confidence in Cardano’s future. Earlier, he argued that Cardano could eventually surpass Bitcoin and emphasized that the network possesses the resilience to survive and evolve under any circumstances, even without his direct involvement.

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