Gaia Labs’ AI smartphone and Solana’s latest devices highlight a renewed push to merge blockchain features in consumer tech.
XRP is trading below $3 after repeated rejections above $2.8 in the past 24 hours. A new chart analysis from crypto MadWhale shows the pressure building inside a descending channel that might push the XRP price down to $2.4. However, what stands out in his analysis is not just the price target; it’s the bigger question of whether XRP is starting to behave like a meme coin that is being controlled by crowd psychology and whale activity. XRP’s Psychological Cycle That Resembles Meme Coins In his analysis, which was posted on the TradingView platform, crypto analyst MadWhale outlined the repeating psychological cycle that often dominates meme coin markets and suggested that XRP may not be immune from it. Related Reading: Analyst Says XRP Price Is Yet To Hit Its First Bearish Target – Details The cycle begins with excitement, where social media buzz generates hype, followed by greed as traders rush in without much thought. This stage then shifts into social proof, when influencers amplify the golden opportunity narrative to pull in new investors at peak prices. It is at this very moment that whales begin quietly offloading their positions and cause the meme coin to enter a sharp correction. The result is panic selling by small traders, culminating in a capitulation where whales buy back cheap, restarting the cycle all over again. According to MadWhale, this trend is not limited to meme coins alone, but XRP’s current trading behavior is showing signs of fitting the same mold. MadWhale described whales as “masters of illusion,” capable of buying large chunks to pump the price, spread optimism, and then sell into the frenzy. This strategy is starting to create a cycle of retail fear and greed in XRP, where smaller traders are often left holding losses while whales re-enter the market at bargain prices. He noted that technical tools like Volume Profile, RSI, and the Fear and Greed Index can expose these plays. For instance, heavy volume accumulation at specific levels combined with overbought RSI readings and extreme greed sentiment show the perfect moment when whales start selling. Descending Channel Points To $2.40 Target According to MadWhale’s chart, XRP is trading within a well-defined descending channel that has shaped its price action since July 19. The repeated rejections around the $3 price zone have caused lower highs that have made it increasingly difficult for bulls to mount a sustained breakout. The most recent rejection was at $3, and the ensuing selling pressure has caused XRP to create successive 12-hour bearish candlesticks. Related Reading: XRP Price Gets $20 Target: The 2 Scenarios That Could Play Out From Here The analyst’s projection on the chart shows a possible 14% decline to another major support resting around $2.40. This zone has been identified as the main daily support area, and reaching it would mark the latest stage of XRP’s corrective move inside the channel. On the other hand, any rebound attempts would first need to clear the $3 resistance. At the time of writing, XRP is trading at $2.80, up by 1.4% in the past 24 hours. Featured image from Getty Images, chart from Tradingview.com
The rebound from support was fueled by above-average activity and a clean break above nearby resistance could shift sentiment.
The expansion of xStocks aims to integrate tokenized stocks with Ethereum’s vast DeFi ecosystem., the firms said.
The combined market cap of the 13 U.S.-listed bitcoin miners the bank tracks reached a record high last month.
The PYTH price is in decline mode, which is not something many are happy about, because no investor wants their gains to reduce when such a strong spike came last week. But the experts find PYTH is undergoing a healthy correction after rallying sharply in late August. Since, after a 130% surge to $0.26, the …
Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, is making big moves in the U.S. and Europe. With a planned IPO, a new European license, and an XRP rewards card, the company is pushing ahead for growth despite challenging market conditions. Gemini Eyes $2.22 Billion Valuation in IPO Gemini is gearing up for …
The treasury company targets 1% of the cryptocurrency's supply by the end of the year, equivalent to approximately 1.4 million BNB.
Spot Ethereum exchange-traded funds took in about $3.9 billion in August while U.S. Bitcoin ETFs posted roughly $750 million in net redemptions. The split extends a summer stretch in which Ethereum funds have consistently drawn capital since late July, as Bitcoin products saw intermittent outflows. The rotation follows a record July for Ethereum vehicles, with […]
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Hong Kong-listed Yunfeng Financial purchased $44 million of ETH to support its expansion into Web3, real-world assets and tokenized finance.
CleanCore Solutions (NYSE: ZONE) has secured $175 million through a private placement to establish the official Dogecoin Treasury. This initiative is backed by the Dogecoin Foundation and House of Doge. Key investors include Pantera, GSR, and FalconX. CleanCore will adopt Dogecoin (DOGE) as its primary treasury reserve asset, aiming to leverage the growing utility and …
Tokenizing mobility and autonomous robotaxis may be among the next emerging blockchain trends with fully onchain business models.
Whale inflows into Ethereum are getting bigger as investors take profits from Bitcoin and rotate capital into Ether, raising hopes of new all-time highs soon.
Winklevoss brothers-founded crypto exchange Gemini has filed for an IPO, seeking to raise up to $317 million as an “emerging growth company.”
ETHZilla (NASDAQ: ETHZ) announced plans to deploy $100 million worth of Ethereum into EtherFi, a liquid restaking protocol, marking its first engagement with DeFi platforms. The move aims to enhance yields on its 102,246 ETH treasury, valued at $456 million. This strategic partnership not only unlocks higher returns but also strengthens Ethereum’s network security through …
House of Doge has partnered with NYSE-listed CleanCore Solutions to form the "official" Dogecoin digital asset treasury.
Traditional compliance can’t keep up with 24/7 crypto markets — AI-native systems embedded at the core offer real-time risk detection and scalable solutions.
Pi Network has had a tough year with big ups and downs. Many investors left after the price dropped, raising doubts about its future. But crypto analyst Dr. Altcoin is still positive. He says Pi doesn’t need to be a $1 stablecoin to work for peer-to-peer (P2P) payments. The question is, can it really succeed …
Berns’ commitment brings company's ETH holdings to over $2.1 billion as it prepares to go public via a merger later this year.
Yunfeng Financial, a Hong Kong-listed investment firm, has added 10,000 ETH to its strategic reserves, investing $44 million from internal cash reserves. Closely linked with Alibaba founder Jack Ma, the company views this move as a key step towards expanding its presence in digital assets and Web3 technologies. The ETH assets support Yunfeng’s focus on …
The 150,000 ETH investment from longtime Ethereum proponent Jeffrey Berns will hit the firm's wallet later this week.
Hedera’s token rebounded after testing key support levels, with easing sell pressure and growing enterprise adoption pointing toward renewed upside momentum.
The Winklevoss-led company plans to sell 16.67M shares at $17–$19 each, tapping a hot IPO market.
Meet the leaders shaping crypto in 2025 (BlackRock, Tether, Ethereum, Solana and EigenLayer) and what’s next on ETFs, stablecoins and restaking.
Bitcoin is facing renewed volatility after losing the $110,000 level just a few days ago, a breakdown that has fueled uncertainty across the market. Bulls are attempting to reclaim this crucial support, but fear of a deeper correction continues to weigh heavily on sentiment. With every failed rebound, traders are left questioning whether this pullback is simply a pause within the broader uptrend or the beginning of a larger downtrend. Related Reading: Ethereum Demand Stays Strong As Exchange Reserves Keep Falling – Details Crypto analyst Darkfost has shared new data providing context for the current environment. Since Bitcoin’s most recent all-time high near $123,000, the asset has retraced by roughly -12%. According to Darkfost, this move remains well within the boundaries of a normal correction, especially when compared to historical pullbacks in previous bull cycles. Such corrections are often healthy, serving to reset leverage, cool overheated sentiment, and create fresh entry points for long-term investors. While uncertainty remains in the short term, history suggests that Bitcoin’s current retracement does not necessarily signal the end of the cycle. Instead, it may represent a period of stabilization before the next major move. Bitcoin Correction Aligns With Historical Patterns According to Darkfost, Bitcoin’s current retracement should be viewed within the broader context of this cycle rather than as a sign of structural weakness. Looking more closely, since the first all-time high in March 2024, the largest drawdown recorded so far reached 28%. Importantly, Bitcoin has not corrected more deeply than that throughout the ongoing bull market. Historically, the most severe pullbacks in bullish phases have averaged between -20% and -25%, placing the present move well within the expected range. With Bitcoin now down roughly 12% from its latest all-time high of $123,000, the retracement is still modest compared to prior cycle corrections. Darkfost emphasizes that this behavior is not unusual and could even extend further without breaking the underlying bull trend. In fact, such drawdowns are often healthy and necessary in long-term uptrends. They serve several functions: flushing out excessive leverage in the derivatives market, cooling down overheated sentiment, and shaking out short-term speculators. At the same time, they create new entry opportunities for investors who may have missed earlier stages of the rally. For long-term holders and institutions, these phases are less about panic and more about preparation. Historically, similar corrections have preceded renewed strength, as Bitcoin stabilizes before resuming its upward trajectory. If the current pattern holds, this retracement may ultimately strengthen the market foundation, setting the stage for the next leg of growth. Related Reading: Binance Network Activity Outpaces Ethereum As Active Addresses Double Since April Testing Recovery Level After Deep Pullback Bitcoin is attempting to recover after a sharp correction that took the price down to the $108K region. As shown in the chart, BTC recently bounced back above $110K but continues to struggle to sustain momentum. The rejection from the $123K zone marked the cycle’s most recent all-time high, and the market has since been in a retracement phase. The 12-hour chart highlights how BTC dipped below its 200-day moving average (red line) but quickly rebounded, signaling that bulls are still defending this crucial support. The 50-day (blue) and 100-day (green) moving averages, however, are trending downward, suggesting that pressure remains in the short term. BTC will need to reclaim the $112K–$115K zone to shift sentiment back toward bullish momentum. Related Reading: Galaxy Digital Sells 1,167 Bitcoin Amid Ongoing Volatility On the downside, losing the $108K level could open the door to a deeper correction toward $105K or even the $101K region, where the 200-day MA sits as the last line of defense. Bitcoin is consolidating in a fragile position. A decisive move above $115K could reignite bullish momentum, but failure to hold current support may confirm a prolonged correction phase before any attempt at a new all-time high. Featured image from Dall-E, chart from TradingView
RARI Foundation’s Anna Riabokon told Cointelegraph that licensing revenue and fee buybacks will sustain the platform’s rewards program.
SharpLink added 39,008 ETH at an average $4,531, implying a $177 million acquisition cost as Ethereum treasury companies grow their crypto balance sheets.
Gemini has announced plans for an initial public offering (IPO), offering 16.7 million Class A shares priced between $17 and $19 each. The company aims to list on the Nasdaq stock exchange under the ticker symbol “GEMI.” Leading the offering are Goldman Sachs and Citigroup, with Morgan Stanley and Cantor also participating. This move marks …
Polymarket contracts price less than a 1% chance that President Donald Trump will resign today, as traders position into a 2 P.M. ET Oval Office announcement reported by multiple outlets citing a White House advisory. The Oval Office announced the planned appearance, though the topic was not disclosed. According to his schedule, Trump spent Labor […]
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Analyst Mark Palmer reiterated his buy rating and $705 price target on the Michael Saylor-led company, which is more than a double from current levels.