On February 23, analyst Zach Rector said on YouTube that XRP may be nearing a capitulation phase, citing rising fear, realized-loss spikes, and stronger XRP Ledger activity. He noted daily successful transactions have climbed about 40% toward 2.5 million, while XRP trades near $1.38 and remains under pressure in recent performance metrics.

Vitalik Buterin sold 1,869 ETH valued at about $3.67 million over the past two days while ether fell from roughly $1,980 to $1,850. He previously moved 3,500 ETH from Aave and earlier disposals totaled 6,958 ETH. Despite recent sales, his holdings remain above 224,000 ETH.

On February 23, 2026, SBI Holdings launched a 10 billion yen ($64.5 million) three-year bond fully managed on-chain and offering semiannual coupons of 1.85%–2.45% plus XRP-based rewards. The minimum subscription is 100,000 yen, and trading is scheduled to start on March 25, 2026, via the Osaka Digital Exchange's START platform, aiming to attract retail and SME investors to regulated tokenized securities.

Solana's SOL has dropped nearly 40% over the past month, briefly hitting about $77 before rebounding above $80. Analysts including Ali Martinez and Sjuul warn that resistance near $110 and a January 2022 sell signal raise downside risks, with key support at $76 and potential paths toward $53, $35, $23 or even around $4.

On Feb. 21, on-chain metrics flagged a sharp surge in XRP deposits to Binance led by large holders. According to CryptoQuant contributor Darkfost, more than 31 million XRP flowed in, dominated by the 100k–1M and >1M cohorts, increasing near-term sell-side risk while Bitcoin remains rangebound. XRP briefly fell to $1.33 before trading around $1.3947.

On 16 February 2026, Arizona’s Senate Finance Committee approved a bill to establish a state-managed Digital Assets Strategic Reserve Fund using seized cryptocurrencies instead of taxpayer money. The proposal, filed on 3 February 2026 by Mark Finchem, names Bitcoin, XRP and DigiByte as eligible assets, and could make Arizona the first U.S. state to formally include XRP in a government reserve structure. Under the plan, the State Treasurer would oversee custody, investment and potential lending of these digital assets within strict risk and storage rules.

According to Lookonchain data reviewed on February 23, Vitalik Buterin sold 1,869 ETH worth about $3.67 million over the past 48 hours. During that span, ETH slipped from $1,988 to $1,875 before trading near $1,916. Earlier in the month he offloaded 6,958 ETH, taking February sales to more than 8,800.

On February 21, Santiment reported XRP registered its steepest on-chain realized-loss spike since November 2022, with the last comparable episode 39 months ago when losses were around $1.93 billion. That capitulation was followed by a 114% eight-month rally; if history rhymes, a comparable rebound could target $2.70–$2.80, though XRP recently traded near $1.39 amid near-term weakness.