Technical Analysis

On Tuesday, Chart Nerd highlighted monthly Gaussian Channel fractals that could steer XRP toward $0.70–$1. On Wednesday, the token traded at $1.36 after nearly a 63% pullback from the $3.66 peak, with a break below $1 still on the table, per Crypto Patel. Institutional ETF inflows and whale activity may offset downside risk.

Ripple is reportedly moving toward an IPO with an estimated valuation near $40 billion, while XRP trades in a key technical zone highlighted by Elliott Wave analysis and strong demand between $1.00 and $1.20. Analysts point to resistance around $1.65–$1.70 and a potential move toward $2.50–$3.30 if a breakout occurs, as a recent transfer of over 116 million XRP between Kraken and Binance adds to short-term market speculation.

Bloomberg Intelligence strategist Mike McGlone argues that the roughly 45% drawdown in the Bloomberg Galaxy Crypto Index between 2025 and 2026 mirrors the Dow Jones Industrial Average’s slide during the 1929-30 crash and could mark a cyclical low for digital assets. He also notes a breakdown in the crypto-versus-metals ratio and says Bitcoin’s strong 2025 advance may foreshadow weaker relative performance against gold, silver, and other metals into 2026, while Bitcoin trades near $66,981.71 with notable short-term losses.

XRP has declined 15% over seven days, 26% over two weeks, and more than 40% over the past year; the article also notes a Fear and Greed Index reading of 7 yesterday. The review traces price points from 2018 through July 2025 and discusses Ripple, RLUSD, token concentration, and why XRP's value may not track the company's growth.

The Solana-based AI-meme hybrid Pippin (PIPPIN) has emerged as a top performer today, posting a sharp 26% gain while the broader crypto market faces downward pressure. While the rally has ignited social media FOMO, derivatives data and liquidity clusters suggest that the move may be a sophisticated "bull trap" designed to liquidate late-entry long positions.

LayerZero (ZRO) has captured the market's attention with a massive rally, soaring over 15% in 24 hours to outperform the broader crypto sector. The surge is driven by the announcement of 'Zero,' a high-performance Layer-1 blockchain backed by Citadel Securities and ARK Invest, signaling a major move toward institutional-grade on-chain finance.

Analysts warn Bitcoin could revisit the $55K–$58K area as sustained net outflows from U.S. spot ETFs pressure price and the chart trades below the 50-day moving average. A strong move back above $68K and a return to positive ETF inflows would negate the bearish setup. 10x Research also flags downside toward $52K–$55K if $60K breaks.

Bitcoin is trying to retake $70,000 after a volatile stretch, but repeated failures to hold that level have kept demand fragile. Large holders realized approximately $944 million, $431 million, $1.46 billion, and $915 million in losses on Feb. 3–6, and newer whales now carry an estimated cost basis near $90,000.

Bitcoin’s recent weakness coincides with negative inflows over the past 30 days, with roughly $2.6 billion exiting and a realized profit-to-loss ratio near 0.25. Peak fear often aligns with short-term bottoms, but any rebound would hinge on selling pressure easing and buyer support returning.

Hyperliquid has reportedly reached $2.6T in notional trading volume, nearly double Coinbase at $1.4T, while HYPE is up 32% year to date compared with COIN down 27%. Non‑crypto markets now account for over 30% of its DEX activity, and the platform has handled over 6% of total CEX perpetual volumes in 2026. Shares versus Binance, Bybit, and OKX indicate growing traction.