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Midweek crypto market opens uneasy as XRP's chart lines up for a possible drop under $2, Bitcoin faces a brutal 400% long-side liquidation imbalance and a 15-year-old whale just unloaded $1.5 billion in BTC into circulation.

Some analysts expect XRP to climb sharply from its current price of $2.39. According to posts on X by a popular analyst known as Egrag Crypto, the coin is trading at the bottom of a descending triangle and could stage a strong rally in the coming weeks. Related Reading: Could Shiba Inu Triple? Analyst Sees 200% Move Coming Analysts Point To Historical Setups According to Egrag, two earlier runs give the pattern some weight. He compared the present chart to moves in 2017 and 2021. Back then, XRP went from $0.097 to $3.84 across a roughly three-month span around 2017–2018. In 2021, it rose from below $0.45 to above $1.90 in two monthly candles. Based on those moves, he expects a comeback within four to six weeks and projects gains of about 300% to 1,400% from today’s p...

Breeden said loosening UK stablecoin rules could fuel risky bank outflows, urging stronger safeguards as the Bank of England finalizes its crypto framework.

Canary Capital’s XRP ETF is set to be the first US-based fund to directly hold the token, following the company’s key SEC filing that could see it launch on Thursday.

SoFi CEO Anthony Noto says the bank also plans to introduce a stablecoin called SoFi USD and views blockchain and crypto as a “super cycle technology.”

Morgan Stanley’s Denny Galindo likens Bitcoin’s cycle to the seasons, warning that the market’s “fall” phase is a time to secure gains before a downturn.