XRP has entered a pivotal stage as the wave structure traders have been tracking for months finally begins to take shape. With volatility increasing and crucial price levels approaching, the next few moves could provide valuable clues about whether XRP is nearing a bottom or preparing for another leg lower before a sustained recovery can begin. Breaking Key Support As Long-Awaited Setup Unfolds According to CasiTrades, the crypto market is finally showing the selling pressure that many analysts have been anticipating for months. As a result, XRP has begun breaking below a key support level, signaling that the correction may be entering a more decisive phase. Related Reading: The Rapid XRP Growth Trajectory That Investors Should Be Aware Of The analyst explained that the development of smaller subwaves has been closely monitored to determine whether the market’s ultimate downside target would be around $1.10 or the $0.87 support zone. Based on the current structure, CasiTrades believes
BitMine Immersion Technologies is seeking $300 million through a preferred stock sale that would pay a 9.5% annual dividend and, if approved, be listed on the New York Stock Exchange. The filing gives the Tom Lee-led company fresh money it can use to add more Ether while tying investor returns to a board-declared cash payout. Related Reading: XRP Is The Clear Winner For Transactions, According To Peter Brandt A New Way To Fund Ether Buying The company said it plans to sell 3 million shares at $100 each, according to a supplement filed with the SEC. BitMine also said the dividend would be paid in cash if the board declares it, which makes the structure different from a simple one-time stock sale. The filing goes further than a normal fundraising note. BitMine said its business strategy is now centered on the Ethereum blockchain, ETH, staking, validator infrastructure, and treasury management. Tom Lee / @BitMNR just filed to raise $300M through 9.5% preferred stock while ETH is breaking
New reports reveal that XRP whales are withdrawing from Binance, the world’s largest crypto exchange, in massive numbers. As a result, sell-offs on the platform have largely stopped, with whales moving most of their tokens into private wallets. With these large investors now controlling a significant portion of daily outflows, supply on exchanges is shrinking […]
Cardano (ADA) is facing a sharp downturn, having suffered a major monthly drop of around 30% and slipped below the crucial $0.20 support level on Thursday for the first time in over five years. The selloff is unfolding against two pressures at once: bearish momentum across the broader crypto market and fresh warnings from Cardano […]
Bitcoin (BTC) has crashed below $70,000, underperforming the already weak crypto market as selling pressure tests price action. Market analyst Crypto Patel noted that he had anticipated this significant drop, citing BTC’s fragile price structure and persistent bearish factors in recent weeks. Now, the expert is sharing new insights on the latest price decline, forecasting how far the ongoing correction might go and what could come next for the leading cryptocurrency. Analyst Predicts More Declines Ahead For Bitcoin Crypto market analyst Crypto Patel on X is predicting further declines for Bitcoin, identifying $50,000 as a potential bottom for this cycle. In what he called a “Bitcoin Profit Update,” Patel highlighted that he had accurately forecasted the recent 19% crash in Bitcoin in his earlier posts. Related Reading: Here’s Why The Bitcoin Price Is Crashing And What To Expect Next Previously, the analyst had warned that Bitcoin’s previous $80,000 level represented strong resistance,
Bitcoin is steadily pushing towards $60,000 and is trading close to its February 6 wick bottom. The crypto market sentiment is now back in extreme fear, and there have been multiple questions on when Bitcoin will eventually register a correction bottom. Crypto pundit Ardi believes the answer may be found less in the current candle […]
XRP has fallen to around $1.16 after losing more than 3% in a day, while an analyst argues that a retreat toward the $1.03 area could form part of a longer consolidation rather than the start of a deeper downtrend.…
The attacks heighten geopolitical tensions, impacting global markets and energy costs, with potential long-term effects on crypto stability.
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XRP has spent the better part of four months carving out a trading range with a series of contested highs and lows that kept both bulls and bears engaged. That appearance of stability is now under serious threat, as the cryptocurrency has returned to the exact support level that anchored its range lows throughout the consolidation. XRP losing this support level will determine the next significant directional move. XRP Returns To The Same Range Low XRP’s price action on the daily candlestick timeframe chart shows the cryptocurrency is currently locked inside a consolidation range that has been forming since February 2026. The upper boundary of the range is around $1.55, which has capped multiple rallies since February, while the lower boundary is around the $1.26 to $1.28 area. Related Reading: This XRP Move Has Only Happened 4 Times In History And Here’s What Happened Each Time The analysis, which was posted on the social media platform X by crypto analyst ‘Guy on the Earth,’ was mad
