XRP’s weakening technical setup suggests a drop below $1 could be in the cards over the next few weeks as supply rises on exchanges.
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Technical analysis of XRP’s current price action has presented an interesting structural comparison to Amazon that could lead to an upside cycle stretch for the cryptocurrency. The comparison focuses on structure and symmetry between XRP’s current price action and how Amazon’s stock price played out after it broke a resistance. The implications for price would be dramatic if XRP were to follow what Amazon did after breaking a similar long-term resistance. The 8-Year Resistance Neckline Holding XRP Back Technical analysis of XRP’s chart shows a clearly defined horizontal resistance band stretching back roughly eight years. This 8-year resistance band is drawn across XRP’s all-time high since 2018. This analysis was posted on the social media platform X by crypto analyst ChartNerd. Related Reading: XRP Is About To Create History With This Latest Move The most recent touch of the resistance band was in July 2025, when XRP reached a new peak price of $3.65. However, price action since then has been corrective in nature, and XRP has been on a downward path for the past seven months. Interestingly, this downward path has led to the formation of a higher low compared to lows in the past eight years. This is visible in the XRP weekly price chart below as a series of higher lows supported by an ascending green trendline. The next outlook is how the XRP price resolves from here. As it stands, the decline is yet to find a defined bottom, and there is still enough room for the formation of another higher low relative to prior cycle lows. In this context, crypto analyst ChartNerd outlined a possible resolution path, pointing to a comparable technical setup that developed over 10.5 years on Amazon’s stock chart before its eventual breakout. The Amazon Structural Comparison Amazon spent years trading below a major horizontal resistance zone that capped its upside for more than a decade. During that period, price repeatedly formed higher lows along a rising support trendline, compressing into the ceiling without immediately breaking it. Related Reading: XRP’s Macro Plan Hasn’t Changed, And This Target Remains Valid There was also a notable drawdown from its prior peak, followed by a lower high, which created the impression that momentum had faded. However, once Amazon broke above its long-term resistance, the result was a sustained parabolic advance that carried price significantly higher over time. These all mirror how the XRP price is currently playing out. ChartNerd describes the structural similarities as strikingly uncanny. From a purely technical standpoint, both charts show compression beneath a horizontal ceiling, rising higher lows, and repeated rejection just before a breakout attempt. At the time of writing, XRP is trading around $1.35 on the monthly chart, down by 3.3% in the past 24 hours. The neckline area is around $3.60, which is about 170% higher than the current price. If XRP were to follow the Amazon blueprint, the first stage would involve flipping this resistance trendline into support with sustained monthly closes above. Featured image from Free3D, chart from Tradingview.com
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The post Anthony Pompliano’s ProCap buys 450 Bitcoin, boosting holdings to 5,457 BTC appeared first on Crypto Briefing.
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When markets are closed and Bitcoin is moving, the custody agreement decides who can act. A spot Bitcoin ETF fixed an awkward problem for finance. Bitcoin used to arrive as software, keys, and operational responsibility. The ETF repackaged it as a ticker that sits next to every other ticker. That convenience came with a structural […]
The post Bitcoin ETF custody concentrates power in one place, and now a single operational failure causes dangerous ripples appeared first on CryptoSlate.
Strategy added 3,015 Bitcoin at $67,700 a piece in its 101st purchase, marking another buy below cost basis and lifting total holdings to 720,737 BTC.
Wall Street’s attitude toward Bitcoin has flipped from euphoric to deeply skeptical after last year’s crowded long trade unraveled, according to Galaxy Digital head of research Alex Thorn. In an interview on What Bitcoin Did, Thorn said the shift has less to do with conspiracy theories or a single bearish catalyst than with exhausted demand, heavy long-term holder selling, and a market now struggling to find a fresh narrative. Thorn pushed back on claims that firms such as Jane Street are to blame for Bitcoin’s weakness, calling that line of thinking “Twitter cope.” He argued that most of the outrage reflects frustration with price action rather than evidence of deliberate suppression. “What do we think the actual incentive would be for them to suppress the price?” Thorn said. “Bitcoin’s a multi-trillion, well whatever it is, one-point-something-trillion-dollar asset. It’s hard to manipulate markets of scale in a specific direction because it is a free market and it’s a large one.” – bitcoin didn’t crash because of jane street – whale distribution was significant, inevitable, necessary, healthy – wall st negativity on BTC is real but wrong – bitcoin’s fundamental value is real and right – you need to be robotmaxxing or you’ll be forever framemogged https://t.co/GUMAARf7Pl pic.twitter.com/QQhDy3RNrg — Alex Thorn (@intangiblecoins) February 28, 2026 Why Wall Street Is Wrong On Bitcoin His broader explanation was more straightforward. From late 2024 through the period between the US election and inauguration, he said, being long Bitcoin was “the most popular trade in the world.” That changed as capital rotated elsewhere. AI-linked equities, semiconductor names, energy plays, quantum stocks and gold all began attracting attention, while Bitcoin’s momentum faded. Related Reading: Bitcoin Whale Inflows On Binance Reach Highest Level Since 2022 At the same time, Thorn said, long-term holders were consistently distributing coins into strength. He described that selling as structural rather than alarming. “That’s literally how distribution occurs and it’s how you make money in a trade,” he said, arguing that older holders taking gains is part of Bitcoin’s maturation rather than a sign of failure. He went further, framing the whale distribution as constructive for the network over the long run. “Technically you want more selling. You want it distributed to people who buy it at a higher cost basis,” Thorn said. “The realized price is higher and that’s a good thing. That means people, with enormous amounts of money, are willing to buy Bitcoin at really high prices. To me that’s a core signal of adoption.” Still, Thorn acknowledged that sentiment has deteriorated sharply, especially among professional investors. In his view, Bitcoin’s failure since September to behave like “digital gold” damaged the story many allocators had bought into. Wall Street, he said, took that label too literally. Related Reading: Fidelity Thinks Bitcoin May Be Leaving Its 80% Crashes Behind “We didn’t mean it was going to trade with a high beta to GLD,” Thorn said. “Its features are gold-like. Its trading behavior hasn’t fully caught up to that yet. The delta between those two things, if you believe it eventually closes, that’s your alpha.” That mismatch has helped sour institutional mood just as broader macro fears have worsened. Thorn said investors are anxious about AI from both directions: that it may fail to justify massive capex, or succeed so thoroughly that it destroys jobs and destabilizes markets. If equities roll over on the back of that uncertainty, he suggested, Bitcoin may struggle to stay insulated. Even so, Thorn drew a line between short-term sentiment and long-term conviction. “We really should focus on explaining its fundamental purpose and use cases and value to a holder of Bitcoin as the reason that it goes up,” he said. “Stop begging for Jay Powell to buy your bags. That’s not nearly as durable as the reason it going up being that people deeply understand the savings technology that is Bitcoin.” For Thorn, that is the real story now: Wall Street may have turned negative, but the longer-term battle is still about whether more investors come to see Bitcoin as a durable store-of-value asset rather than a passing macro trade. At press time, BTC traded at $66,109. Featured image created with DALL.E, chart from TradingView.com
The recent inflow into crypto funds indicates a potential shift in market sentiment, highlighting renewed investor confidence and strategic accumulation.
The post Crypto funds snap five-week outflow streak, drawing $1B amid Bitcoin whale accumulation appeared first on Crypto Briefing.
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Michael Saylor’s firm Strategy has added 3,015 bitcoins at an average price near $67,700, spending about $204.1 million in its most recent purchase. This move reflects continued confidence in Bitcoin’s long-term value. As of March 1, 2026, Strategy holds a total of 720,737 bitcoins, acquired at an average price of around $75,985 and a combined …
XRP price continues to trade under sustained pressure on the daily timeframe, with price action firmly locked inside a descending channel that has guided the broader correction since last year’s peak near $3.50. At the time of writing, XRP is hovering around the $1.34 region, sitting just above a critical psychological and structural support zone …
The latest purchase, funded through common and preferred stock sales, lifted total holdings to 720,737 coins valued at more than $47 billion.
Hyperliquid that was the weekend's crypto winner, setting a new record and being featured by a major news outlet's weekend market coverage.
Strategy's continued Bitcoin investment amid unrealized losses highlights the firm's long-term commitment to cryptocurrency despite market volatility.
The post Strategy buys 3,015 Bitcoin more at $67,700 appeared first on Crypto Briefing.
AI agents could reshape the crypto landscape, creating a new era of automated finance.
The post Haseeb Qureshi: AI agents have a comparative advantage in committing crimes, smart contracts are not a replacement for legal contracts, and AI will revolutionize user interaction with DeFi | Bankless appeared first on Crypto Briefing.
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The post Charles Myers: Geopolitical risk lacks discernible patterns, US safe haven status is under scrutiny, and the bond market serves as a critical guardrail | Unchained appeared first on Crypto Briefing.
The Ethereum price may be flashing red, but beneath the surface, something very different is happening. While traders focus on falling candles, holders are steadily pulling coins off exchanges and not in small amounts. Exchange reserves have dropped to 16 million ETH, down sharply from 23 million in 2023. That’s a multi-year low. And here’s …
Strategy's holdings account for more than 3.4% of the total 21 million bitcoin supply — worth around $48 billion.