New reports reveal that XRP exchange balances have experienced an uncharacteristic decline in recent weeks, recording a brand new low since the cryptocurrency’s launch in June 2012. While XRP’s price action has posted notable losses this year, the decline in exchange-held tokens appears to be much greater.

XRP Supply On Exchanges Falls To Historic Lows

Crypto market expert Chad Steingraber drew attention this week to fresh data from Glassnode, highlighting an unusual divergence in XRP’s market behavior. The analytics firm shared a chart tracking the amount of XRP held on crypto exchanges alongside the asset’s market price. 

According to Steingraber, the chart’s readings show that exchange balances have fallen well below the XRP’s price structure for the first time since the cryptocurrency’s inception. Glassnode highlighted XRP’s exchange supply with a green line on the chart and its price with a black line. At the start of the year, the supply on exchanges was around 3.8-4 billion XRP. However, through the middle, reserves gradually trended downward but mostly stayed within the 3.2-3.6 billion range. 

Notably, a Glassnode chart shared by crypto analyst ChartNerd reveals that XRP exchange balances dropped sharply from around 3.95 billion XRP to 2.6 billion XRP from November to December 2025. About 1.35 billion XRP was removed from public order books recently, representing a staggering 45% decrease in under 60 days. 

Usually, exchange supply and price move together without significant divergence because the former tends to influence sell-side liquidity, which, in turn, can affect market movements. When more XRP is held on these crypto platforms, traders have a larger pool of tokens to sell, which can increase market pressure. 

Conversely, when reserves shrink, it often signals that investors are withdrawing their assets, either for long-term storage or profit-taking after recent price moves. While the vast gap between XRP’s exchange balances and its price action raises concerns, whales have reportedly been selling off their holdings amid ongoing market volatility and as prices struggle to stage a meaningful rebound.

Glassnode Reports Massive Collapse In Daily XRP Fees

In addition to the collapse in XRP exchange balances, Glassnode’s data shows a steep drop in the cryptocurrency’s network activity, with average total fees falling dramatically. Since early February, the 90-day SMA of daily fees paid has decreased from about 5,900 XRP to only 650 XRP. This marks an estimated 89% drop and brings activity to its lowest point since December 2020. 

The decline in daily fees suggests a cooling in on-chain demand for XRP transactions, even as the price has remained weak amid broader market uncertainty. The cryptocurrency is currently trading around $2.00, reflecting a 7.7% weekly decline and a much larger 18% crash over the past month, according to CoinMarketCap.

Crypto analyst Javon Marks has provided a bullish outlook for the XRP price, predicting that it could rally to $14, frontrunning Bitcoin in the process. He alluded to a historical trend in which XRP outperformed BTC, which is why the analyst is confident that such price action can play out again. 

Analyst Predicts XRP Price To Rise To $14, Frontrunning Bitcoin

In an X post, Javon Marks stated that the XRP price is set to outpace Bitcoin by over 600% this time around, which could spark a rally to over $14 for the altcoin. He noted that when XRP previously outran Bitcoin by over 240%, its price rose by over 570%. As such, he is confident that this can play out again. 

The analyst’s accompanying chart shows that this XRP price rally could happen between now and mid-2027, with the altcoin outperforming Bitcoin during this period. Marks, however, failed to mention what could trigger such a price rally for the altcoin, considering that it has mirrored the flagship crypto so far in this market cycle. 

The XRP price notably has a year-to-date (YTD) loss of just over 7% while Bitcoin has a YTD loss of just under 2%. However, XRP is seeing renewed bullish momentum thanks to the spot ETFs, which launched between last month and this month. The XRP ETFs recently hit $1 billion in assets under management (AuM), becoming the fastest crypto asset to hit this milestone since Ethereum. 

As Ripple CEO Brad Garlinghouse noted, this highlights the demand for these crypto products, which could serve as a catalyst for a higher XRP price. Meanwhile, the XRP Ledger could soon see increased adoption following the release of the v3.0.0 upgrade, which could, in turn, boost XRP’s utility. 

XRP Still At “Decision Point”

Crypto analyst CasiTrades noted that the XRP price is still at a decision point. She explained that until XRP breaks above the $2.41 resistance and pushes toward $2.65, the bullish scenario isn’t confirmed. On the other hand, the analyst stated that if the price drops back below $2.04 support, the more bearish path opens toward $1.73 and potentially $1.64, which is the .618 macro support. 

CasiTrades reiterated that nothing has been confirmed for the XRP price as both scenarios are still fully in play. She indicated that this $2.04 is the best price level for traders to enter a position, as it positions them for either scenario. The analyst explained that if the price holds and runs upward, then these market participants are in before the confirmation. Meanwhile, if the price breaks down, they can place a stop just below support or at break-even. 

At the time of writing, the XRP price is trading at around $2.01, down over 3% in the last 24 hours, according to data from CoinMarketCap.

The Dogecoin ETFs have continued to record low demand since they launched last month, indicating the lack of interest from institutional investors in the meme coin. Notably, DOGE has also seen the lowest demand through these ETFs among the top coins by market cap. 

Dogecoin ETFs Record Dwindling Volume And Inflows

SoSoValue data shows that the Dogecoin ETFs have continued to see their daily volume and inflows decline since they launched last month. On December 10, the Grayscale and Bitwise DOGE ETFs recorded a trading volume of $125,100. Meanwhile, these funds as a group saw a total net inflow of $171,920 on the day. 

Further data from SoSo Value shows that the Dogecoin ETFs trading volume has been on a decline since December 2, when they recorded a daily trading volume of $1.09 million. These funds have recorded only three 7-figure trading volume days out of 12 trading days since November 24, when Grayscale’s Dogecoin fund launched. 

This is relatively low and signifies little demand for the DOGE ETFs among institutional investors. For context, Grayscale’s Chainlink ETF, the only LINK fund at the moment, has outperformed the Dogecoin ETFs despite launching at the start of this month. Grayscale’s LINK ETF has a total net asset of $77.71 million, while the DOGE ETFs have total net assets of $6.01 million. 

The net flows also highlight the underperformance of these Dogecoin ETFs. Since launching, Bitwise’s DOGE fund has recorded a net outflow of $972,840. Meanwhile, Grayscale’s fund has taken in just over $3 million. The funds, as a group, have recorded net inflows on five of 12 trading days. 

Possible Reason For The Underperformance

Bloomberg analyst Eric Balchunas had warned before now that crypto ETFs like the Dogecoin ETFs would record fewer assets given their distance from Bitcoin in terms of market cap. “’The further away you get from BTC, the less asset there will be,’ he said. Notably, DOGE funds have the lowest net assets among the top 10 cryptos by market cap with ETF wrappers. 

The Solana and XRP ETFs, which also just launched last month, have outperformed the Dogecoin ETFs, although there are more funds offering SOL and XRP. Meanwhile, Balachunas’ theory hasn’t applied to the LINK ETF, as it has outperformed DOGE funds despite Chainlink having a lower market cap than Dogecoin. 

Furthermore, the Hedera and Litecoin ETFs also boast larger net assets than the Dogecoin ETFs, indicating that institutional investors are simply not bullish on DOGE, possibly due to its meme coin status and lack of utility. DOGE is, so far, the only meme coin with an ETF wrapper. 

At the time of writing, the DOGE price is trading at around $0.138, down over 6% in the last 24 hours, according to data from CoinMarketCap.

Bitcoin’s price action in the past two weeks has opened a new phase of stress among traders, with on-chain data showing realized losses climbing to heights last observed in 2022. 

Glassnode’s latest Week-On-Chain report shows Bitcoin is trading above an important cost-basis level but is also visibly straining under intensified loss realization, fading demand and weakening liquidity, which has placed short-term investors in a difficult position. 

Realized Losses Return To Deep Territory

According to Glassnode, realized losses among Bitcoin entities have risen massively, and is now almost at the same magnitudes recorded during the deep retracements of the 2022 bear market. Particularly, the Relative Unrealized Loss (30D-SMA) has climbed to 4.4% after nearly two years below 2%.

The escalation in loss realization reflects how the recent drawdown below $90,000 has forced a large number of market participants to offload coins at prices below their acquisition cost. This, in turn, has disrupted the gradual improvement in profitability seen earlier in the year. 

Bitcoin’s recent bounce from the November 22 low to above $92,000 hasn’t eased the strain on holders. Glassnode noted that entities are still locking in losses at an increasing pace, with the 30-day average of realized losses now at around $555 million per day. 

These conditions mean that investors are losing confidence in short-term upside prospects for Bitcoin and choose to reduce exposure, even at unfavorable prices. Therefore, the report noted that resolving it will require a renewed wave of liquidity and demand to rebuild confidence.

Glassnode also highlights a sharp rise in profit-taking among long-term holders, whose realized gains have climbed to roughly $1 billion per day and briefly set a new record above $1.3 billion. 

Even with this elevated level of distribution, Bitcoin is currently positioned just above the True Market Mean, which is a long-standing cost-basis benchmark that serves as a point of structural support. The recent price downturn below $90,000 has pushed this zone close to its limits, but the glimpse of demand reflected around it suggests that price could revisit the 0.75 quantile near $95,000 and possibly approach the short-term holder cost basis as well.

Spot ETF, Futures, And Options Markets Indicate Weakness

Glassnode’s report points to persistent softness across ETF flows, which have cooled notably after a period of strong inflows earlier in the year. This slowdown represents a reduction in one of the largest and most immediate sources of buy-side liquidity for Bitcoin.

Spot market liquidity has also faded, with order books on major exchanges near the lower bound of their 30-day range. This has created an environment where trading activity has weakened through November and into December, and fewer liquidity flows are available to absorb volatility or sustain directional moves.

Derivatives positioning reflects similar caution, with funding rates pinned near neutral. Futures open interest has also been subdued and has failed to meaningfully rebuild since the breakdown below $90,000. 

Across all major venues, the tone is the same: liquidity is lighter, sentiment is softening, and participants are leaning defensive rather than pursuing short-term rallies. The attention is now on how Bitcoin will respond in the aftermath of the Federal Reserve’s recent rate cut.

The unexpected “589” post from Solana’s official X account quickly opened up new discussions about whether something significant is forming between Solana and the XRP ecosystem. One of the reactions came from a community figure known as Cobb, who openly wondered if Ripple had just secured a major deal with Solana.

Nothing official has been announced, but a detailed breakdown from crypto commentator SonOfaRichard has brought clearer context to the situation. His explanation outlines what may be taking shape with the XRP-Solana connection and why the two networks could end up working together in a structured way.

Solana And XRPL Operate On Opposite Ends

In his response, SonOfaRichard noted how we’ve seen talks about Solana and XRPL integrations for a while, but then it has gone quiet. The pundit explained that Solana and the Ledger are often seen as competitors, yet their strengths sit in completely different areas. 

Solana is known for dominating the consumer-facing side of crypto for fast applications, active DeFi projects, and high-volume execution. What it lacks is corridor depth in regulated markets, a strong connection to compliant liquidity.

XRP and the XRPL fill that gap. Ripple focuses on enterprise channels, settlement, compliance, and liquidity, while the Ledger acts as the underlying banking layer that institutions depend on.

This creates a situation where Solana brings the activity and the audiences, and the Ledger brings the settlement and regulatory foundation. Rather than overlapping or competing, the two ecosystems form a natural and optimal design pair: one pushes value into the economy, and the other provides the framework that allows that value to move safely and at scale.

Another major part of the pundit’s explanation is also the role of RLUSD, Ripple’s regulated USD stablecoin. Solana, despite its massive activity, does not yet have a strong, compliant USD pathway. 

RLUSD could fill that need, acting as the channel through which consumer activity on Solana connects to regulated corridors worldwide. Under that arrangement, XRP becomes the collateral and final settlement layer sitting beneath both networks.

Explaining The “589” Message

The strong reaction to the post came from the fact that “589” is a well-known marker in the community. Solana followed it with another post showing the number in Morse code, paired with the flags of Solana, XRP, and Bitcoin, along with the caption “Time to flip the switch,” and even tagged Ripple’s CTO, David Schwartz.

Together, those posts have had more than six million views, making them the most-engaged content Solana has ever shared on the platform. The attention stemmed from the history of “589” itself, a number tied to long-running XRP memes and bold price expectations that have circulated within the community for years. Even so, there is still nothing concrete to confirm deeper intentions, and the posts could simply be part of a broader social media strategy.

Crypto analyst Bull Theory has explained why the Bitcoin price has been crashing recently. The analyst pointed out that Wall Street traders were responsible for the price declines, indicating that these trading desks were manipulating the market for their own benefit.  

Analyst Explains Why The Bitcoin Price Is Crashing

In an X post, Bull Theory blamed Jane Street for the Bitcoin price’s constant crash at 10 a.m. ET when the U.S. market opens. The analyst pointed out that BTC erased 16 hours of gains in just 20 minutes after the U.S. market opened. This has notably been happening since early November, when the flagship crypto fell below $100,000. Meanwhile, a similar price action also played out in the second and third quarters of this year. 

Bull Theory noted that another analyst, Zerohedge, has claimed that Jane Street is most likely the entity responsible for this Bitcoin price crash. The analyst stated that the chart shows a pattern that is too consistent to ignore, with a clean wipeout within an hour of the market opening, followed by a slow recovery. He added that this is classic high-frequency execution and that it fits Jane Street’s profile. 

Bull Theory stated that Jane Street is one of the largest high-frequency trading firms in the world and that they have the speed and liquidity to move markets for a few minutes. The analyst claimed that their behavior is simple: dump BTC at the market open, push the Bitcoin price into liquidity pockets, and then re-enter at a lower price. 

By doing this, the analyst claimed that Jane Street has accumulated billions in BTC. The trading firm is said to hold $2.5 billion worth of BlackRock’s Bitcoin ETF, which is its 5th-largest position. Bull Theory added that this means most of the dump in the Bitcoin price isn’t due to macro weakness but manipulation by this entity. He expects that BTC will continue its upward momentum once these big players are done buying. 

Bitcoin At Risk Of A Decline Post-FOMC

Crypto analyst Ali Martinez indicated that the Bitcoin price was at risk of a significant decline following today’s FOMC meeting. He pointed out that BTC has consistently reacted negatively to FOMC meetings, with six out of seven meetings this year leading to corrections for the flagship crypto. 

The Bitcoin price had rallied to as high as $94,500 yesterday in anticipation of a third rate cut this year from the Fed. According to CME FedWatch, there is currently a 90% chance that the Fed will lower rates by 25 basis points (bps). A CryptoQuant report noted how these rate cuts have turned out to be a ‘sell the news’ event on the two occasions the Fed lowered rates this year, with the probability of this price action playing out again. 

At the time of writing, the Bitcoin price is trading at around $92,600, down in the last 24 hours, according to data from CoinMarketCap.

The Chief Executive Officer (CEO) of Strategy, Phong Le, has revealed the company’s long-term approach to its staggering Bitcoin (BTC) holdings. According to the Strategy executive, the firm currently has no immediate plans to sell any of its 650,000 BTC soon. He emphasized that only dire circumstances could force a Bitcoin sell-off—a scenario he projects will not occur for at least 40 years.   

Strategy CEO Confirms 40-Year Bitcoin Hold

In an interview with CNBC on December 6, Le addressed questions about Strategy’s approach to Bitcoin and the future of its massive BTC bet. When asked whether the firm would ever sell its BTC stash of 650,000 tokens ($60.29 billion), Le emphasized that they intended to hold onto their holdings for as long as possible.

The Strategy CEO emphasized that selling would only occur under extreme market conditions, such as losing access to liquidity or US dollars, or if Bitcoin derivatives could no longer be traded. He noted that such a scenario is unlikely until 2065 and, even then, would be considered only in the event of a prolonged 40-year market downturn. 

In another interview earlier this month, Le stated that if there is a sustained 3-year down cycle in Bitcoin in which the mNAV of MSTR trades below 1x, MicroStrategy may have to sell BTC. This means the earliest the company could sell a portion of its massive holdings is in 2029. 

Moving on, the CNBC interview touched on Strategy’s role in public capital markets and whether the company has become a proxy for BTC. Le explained that their Bitcoin treasury strategy, which began in 2020, was designed to give investors access to BTC through public equities. He noted that while the introduction of Spot Bitcoin ETFs in 2024 slightly changed the landscape, Strategy remains a significant part of the crypto and BTC ecosystem. 

Growing FUD And Long-Term BTC Growth

In the interview, Le revealed that Strategy had recently raised $1.44 billion in just over a week for its US dollar reserve, covering 21 months of dividends. The CEO explained that they raised substantial capital to address rising Fear, Uncertainty, and Doubt (FUD) about the company’s ability to meet dividend obligations. 

Le stressed that, despite the current market downturn, the company had no plans to sell its Bitcoin stash to cover dividends, reassuring investors that its long-term holding strategy remains intact. He supported his views with a historical review of BTC’s broader performance, emphasizing that the leading cryptocurrency has grown by an average of 45% per year over the past five years. 

When asked about his price outlook for Bitcoin, the Strategy CEO expressed confidence in the cryptocurrency’s future, predicting that BTC will likely continue to rise over the next 20 years. He acknowledged that after 20 years, the market could evolve and innovations might emerge, but for now, Bitcoin has a long runway.

The Solana network has seen its validator count crash by more than 68% over the past three years, falling from thousands of active nodes to just around 800. The massive decline in validators has sparked discussions about whether this could become a threat to the blockchain network or a natural pruning of inactive nodes to increase efficiency. 

Solana loses 68% Of Its Validators In 3 Years

A new report from Criptonocias reveals that Solana has experienced a dramatic decline in the number of its validators, active and non-active, since March 2023. This decrease has raised concerns across the crypto community about the network’s overall health and security. 

Over the last three years, the Solana network has steadily lost validators, going from 2,500 to 2,100 in November 2022 and now hovering around 800. This decline means the blockchain has lost a total of 1,700 validators. Although this considerable decrease should trigger warning alerts, it could be a result of ledger pruning, which involves removing inactive or redundant nodes to streamline a network and improve its performance without compromising security. 

Notably, validators are crucial for the operation of a blockchain network, as they run nodes, confirm transactions, and help maintain the integrity of the system. Each validator adds to the diversity of the network and reduces the risk of any single entity gaining excessive control.  

According to the report, some voices in the Solana ecosystem see the reduction of validators in a positive light. They argue that losing “Sybil validators,” which are nodes pretending to be multiple independent operators but are actually controlled by a single party, can be beneficial. Based on this perspective, having a smaller number of reliable and active validators is healthier than maintaining thousands of nodes that do not contribute meaningfully to the blockchain network.

Criptonocias revealed that teams such as Layer 33, which develops infrastructure node tools and provides network services for Solana, point out that many of the validators leaving the blockchain are not Sybils but legitimate node operators. This suggests that the drop in numbers does not automatically equate to improved network quality despite widespread talks about ledge pruning.  

Notably, the potential impact on the Solana network, whether negative or positive, depends on the independence of the remaining validators and the distribution of power among them. An updated report of the validator count reveals that it has dropped again from 800 to 795. 

Solana Faces Liquidity Crunch As Profitability Declines

Amidst its decline in validators, the Solana network is showing signs of strain as liquidity dries up and profitability declines. On-chain data from Glassnode highlights a troubling trend in the network’s trading activity, with the 30-day average realized profit-to-loss ratio remaining below 1 since mid-November. 

This level is typically associated with bear market conditions and points to a growing imbalance between gains and losses among traders. A ratio below 1 also indicates that traders are realizing losses more frequently than profits, underscoring the cryptocurrency’s weakening market sentiment.

Crypto pundit JackTheRippler recently drew the community’s attention to Ripple CEO Brad Garlinghouse’s appearance at the Senate Banking Committee hearing. The CEO spoke about XRP amid his talk on how his company is building the “internet of value.”

Ripple CEO Talks About XRP During Banking Committee Appearance

In an X post, JackTheRippler shared a video of the Ripple CEO at the Banking Committee hearing, where he spoke about Ripple and XRP. Garlinghouse stated that they were building the internet of value, where money moves as easily as information. He added that their payment services were made possible through the use of the XRP Ledger (XRPL) and its native token XRP. 

The Ripple CEO further noted that XRP is built to enable fast, low-cost, and highly scalable transactions, which makes it suitable as the bridge currency for their cross-border payment services. Garlinghouse made these comments in relation to his testimony on the need for “smart” crypto regulations, including market-structure legislation, to eliminate regulatory uncertainty and advance innovation in the U.S. 

The CEO mentioned that his company was among the notable victims of the previous SEC administration’s regulation-by-enforcement approach. The commission had sued the crypto firm, arguing that XRP was a security and that the firm had violated securities laws through institutional sales of the token. 

However, as the CEO noted, Judge Torres ruled that XRP was not a security in itself. Garlinghouse believes that the crypto market structure legislation will help the crypto industry progress while also protecting consumers, like XRP holders, who were affected by the SEC vs. Ripple lawsuit. XRP’s price was affected by uncertainty about its legal status at the time of the lawsuit, which spanned over four years. 

DAS Research Provides Bull Case For XRP

In an X post, market expert Stern Drew highlighted a report from DAS Research, which provided a bull case for XRP. Drew highlighted how the report stated that XRP and Ripple are no longer competing in crypto. Instead, they are evolving into a global payment infrastructure, which will be adopted by banks, fintechs, and cross-border networks that demand speed, scale, and settlement certainty. 

Drew further pointed out three core realities highlighted by the report. The first is that XRP is said to have the structural advantage with fast settlement, low cost, being a neutral bridge asset on a globally distributed ledger, and with institutional-grade reliability. 

The expert noted that this is why adoption is rising among enterprises that need predictable value transfer. The other two realities are Ripple’s integration of the RLUSD stablecoin and its institutional partnerships, which will help boost XRP’s utility. 

At the time of writing, the XRP price is trading at around $2.08, up in the last 24 hours, according to data from CoinMarketCap.

Ripple’s most recent funding round has become one of the biggest crypto-related deals of the year, mainly because of who joined in and how the deal was structured. 

According to details shared in Bloomberg’s report, major Wall Street names, including affiliates of Citadel Securities, Fortress Investment Group, Brevan Howard, and Galaxy Digital, put $500 million into Ripple, giving the company a valuation of around $40 billion. This instantly turned the round into one of the strongest signs yet that traditional finance is taking a serious interest in the XRP ecosystem.

How Wall Street Structured The Deal To Protect Themselves

In early November 2025, Ripple closed a major private equity round that injected $500 million into the company, resulting in a valuation of roughly $40 billion. However, new details show that the most surprising part of the transaction is not the amount raised but the agreement behind it. Bloomberg reports that investors in this round did not simply buy Ripple shares and hope the value rises. Instead, they secured built-in protections that guarantee them profits later.

They were given the right to sell their shares back to Ripple in three to four years at a 10% yearly return, unless Ripple goes public before then. At that rate, Ripple would need to pay roughly $732 million to buy the shares back after four years. That means even if Ripple’s valuation stays flat or drops, the investors still walk away with guaranteed gains.

However, if Ripple decides to buy the shares back earlier, the investors get an even higher payout of around 25% annualized rate. A liquidation preference was also included, meaning these investors get paid first if anything goes wrong. Ripple noted in its announcement of the investment round that it has repurchased more than 25% of its outstanding shares over the past few years.

Why The Deal Is Really A Bet On XRP

Even though the investors bought equity in Ripple, not XRP itself, most of Ripple’s value still comes from its massive XRP holdings. According to Bloomberg, two of the funds that put in money noted that at least 90% of Ripple’s net value is tied to XRP. As of July 2025, Ripple held around $124 billion worth of XRP, although most of its XRP holdings are held in escrow.

This means the investment round, in reality, is also a bet on XRP’s long-term relevance and future market strength. If the price of XRP grows, Ripple benefits, and so do the investors who now hold equity backed by a company sitting on one of the world’s largest digital asset reserves. 

However, the $500 million investment does show that serious investors believe Ripple will continue growing, but just that Ripple’s success is still directly linked to the XRP price.

Spot XRP ETFs first debuted in the United States back in 2025, and since then, it has been a story of success. The very first, the XRPC by Canary Capital, opened the floodgates, and since then, multiple XRP ETFs have been approved by the US Securities and Exchange Commission (SEC), all to great success. As a result, Ripple CEO Brad Garlinghouse has taken time out to celebrate these approvals and the immense success that the ETFs have enjoyed since launch.

Ripple CEO Celebrates XRP ETFs’ Success

Earlier this week, it was reported that the XRP ETFs currently trading in the market have crossed $1 billion in Assets Under Management (AUM). While this is not out of the ordinary, with others such as Bitcoin and Ethereum Spot ETFs sitting at billions of dollars in AUM, the difference that XRP made is how fast it reached this target.

Garlinghouse took to the X (formerly Twitter) platform to share that XRP was the fastest cryptocurrency ETF to hit the $1 billion milestone. The anticipation and rapid buy-in from institutional investors saw inflows ramp up quickly, and in less than four weeks, crossing the $1 billion mark. Furthermore, this $1 billion milestone was in the United States alone, suggesting much higher figures from other regions.

This milestone prompted the crypto founder to elaborate on why this is, giving a number of reasons. The first is the fact that the market looks ready for more crypto-related products. The speed with which XRP ETFs crossed this milestone is evidence of rising demand, and with over 40 crypto products launched this year, Garlinghouse explains that this shows there has been “pent-up demand.”

In addition to the demand, there is also the rising demand for there to be more long-lasting investment options in the crypto market. The advent of ‘pump-and-dumps’ has done significant damage to crypto’s reputation. However, these “off-chain crypto holders”, who buy into these crypto products, are moving more toward “longevity, stability, and community.”

Quickly Become An Investor Favorite

Following the launch of the XRP ETFs, institutional interest has quickly blown up. According to the CoinShares Digital Asset Fund Flows Weekly Report, institutional investments in the altcoin managed to surpass that of Ethereum over the last week, putting it behind only Bitcoin.

As the report shows, net flows for XRP came out to 244.7 million, compared to only $39.1 million for Ethereum. This has brought up its AUM to $3.112 billion as of the latest report, showing a rapid increase in investment. Year-to-date inflows have also risen drastically, up to $3.1 billion from the $608 million recorded back in 2024.

Currently, there are a total of nine XRP ETFs trading in the open market. Additionally, there are still nine pending applications that are expected to be approved.

Over the last few days, the Bitcoin price has fluctuated, but the most prominent moves have been upwards, going from below $90,000 to over $94,000. As expected, this rapid climb already has investors calling for a return of the bull run, but not everyone is convinced. For some, the current Bitcoin price momentum is most likely a bull trap, and crypto analyst Xanrox highlights this in a recent analysis, outlining the best level to start selling the digital asset.

Why The Bitcoin Price Risks A Crash To $74,000

Xanrox’s analysis focuses on the bearish formations that have appeared on the Bitcoin price crash following the recent upward move. While many in the crypto community celebrate the rise above $90,000 again, the crypto analyst sounds an alarm that this is the time to go bearish on the cryptocurrency.

According to the analysis shared on the TradingView website, there has been a clear bear flag formation for the cryptocurrency. This bearish formation is visible on both the 12-hour chart and the 1-Day chart. Regardless, both of these charts point to one possible outcome, and that is an almost perfect textbook bear flag formation.

In addition to the bear flag formation, Xanrox also highlights that there is a WXY corrective pattern inside the bear flag. Both of these point to a possible continuation to the initial downtrend that began after the Bitcoin price hit $126,000 back in October.

As for how far the current rally could go, the crypto analyst sees it reaching as high as $96,000 before momentum runs out. This presents the “perfect” time to sell or enter a short as the price continues its decline. The target for this is an over 25% crash that will send the price going toward $74,000.

The $74,000 target makes an appearance as it is a swing low from April 2024, meaning that crypto traders who are long on the digital asset would have their stop losses below it. Thus, this makes it an attractive point for market makers to push the price towards in order to clear significant liquidity.

The timeframe for this to play out is placed over the next few weeks, riding out the end of 2025 and moving into January 2026. However, the swing low support at $74,000, if it holds up, could end up serving as the next bounce-off point for the Bitcoin price.

The latest S-1 registration submitted to the US Securities and Exchange Commission has placed Ethereum back at the center of market speculation. A recent SEC document shows that BlackRock’s iShares division has formally filed to launch a staked ETH exchange-traded fund, a move that would give traditional investors access not only to ETH price exposure but also to staking rewards through a regulated product.

A New ETF Structure That Brings Staking Into Traditional Finance

The proposed trust, which is called the iShares Staked Ethereum Trust ETF (ETHB), differs from previous Ethereum filings because it incorporates staking into its core design. According to the S-1 filing, the ETF would hold ether directly while delegating most of its balance to external validators, allowing staking rewards to feed into the trust’s net asset value. This approach offers institutions a pathway to access ETH’s yield component without interacting with on-chain staking infrastructure themselves.

Related Reading: Industry Leader Shares Why Ethereum Price Will Reach $12,000

The structure is bullish for Ethereum, as it shows that major asset managers like BlackRock are looking beyond basic price exposure and toward products that reflect how Ethereum now operates after its transition to proof-of-stake.

The first indication of BlackRock’s interest in ETH staking was in July, when it filed an application to add ETH staking in its iShares Ethereum Trust (ETHA). It seems the fund issuer is now taking proactive action on the staking trust with the recent standalone filing. Under SEC procedure, the new filing begins the review period, although a formal approval timeline does not start until the exchange responsible for listing the ETF submits a Form 19b-4.

If approved, the ETF could influence Ethereum’s circulating supply over time. The plan is to stake between 70% and 90% of the trust’s ETH, and this means that large inflows would steadily route more ether into long-term staking, reducing the volume actively available on the open market.

What This Could Mean For ETH’s Price Outlook

The potentially smaller liquid supply is going to contribute to a bullish ETH price, particularly during periods when demand for ETH rises. The filing itself does not change ETH’s price in the short term, nor does it signal any immediate regulatory approval. 

Related Reading: Ethereum Buyers Have Re-Entered The Arena Below $3,400, Here’s How Much They’ve Bought

What the filing does provide is a clearer picture of how ETH might fit into the next generation of institutional investment products. A staked ETH ETF would formalize staking as an investable feature and increase the types of investors who consider the altcoin a viable long-term asset.

Any eventual impact on Ethereum’s price will depend on how the approval process unfolds and how much capital flows into the product once it launches. BlackRock’s existing footprint in the Ethereum ETF niche shows how influential those inflows can be. Its iShares Ethereum Trust (ETHA) has consistently led other spot issuers, including over the past 24 hours, when ETHA recorded $23.66 million in inflows compared to Grayscale’s $11.83 million, while other issuers saw no inflows at all.

Once approved, shares of the iShares Ethereum Staking Trust are expected to trade on Nasdaq under the ticker ETHB.

A well-known crypto investor, who claimed to have bought Bitcoin when it was $3,000, has announced that he has dumped all his BTC to load up on XRP. The unexpected move comes at a time when the market is experiencing significant volatility, with Bitcoin trading at an uncharacteristically low price and XRP experiencing a downtrend. Despite choppy market conditions, the analyst is highly confident in the altcoin’s future performance.

Crypto Investor Sells Entire Bitcoin Stash To Buy XRP

A crypto entrepreneur who goes by Crypto X AiMan on X social media shocked the broader market this week by announcing that he had sold his entire Bitcoin position and moved the proceeds into XRP. The crypto investor unapologetically declared he had gone 100% all-in on the token. The unexpected pivot sparked instant reactions, with many in the crypto community voicing similar optimism for the altcoin and admitting they have already made, or plan to make, the same move. 

In his post, AiMan explained that his primary reason for the sudden portfolio switch was the level of regulatory clarity that XRP gained in the United States after the resolution of its prolonged legal battle with the Securities and Exchange Commission (SEC). While the broader legal landscape around digital assets is still evolving, the crypto investor argues that XRP now holds a unique position as a non-security among established cryptocurrencies in the US. 

AiMan also highlighted Ripple’s considerable reserves and its more than 300 banking and payment partnerships as primary reasons for his decision to diversify into the third-largest cryptocurrency. At present, Ripple owns more than 45 billion XRP, representing over 45% of the total supply of 100 billion tokens. Under normal circumstances, such a concentration might raise concerns about centralization and excessive issuer control. However, AiMan has indicated that this level of institutional oversight is actually a strategic advantage. 

Additionally, the crypto investor pointed to Ripple’s partnerships with central banks and major financial institutions, especially those preparing for the ISO 20022 upgrade, which is expected to reset global messaging standards in 2026. With all of these in place, AiMan views the token as an asset with incredible potential.

The crypto entrepreneur drew a comparison between the altcoin and BTC. He described Bitcoin as a form of digital gold that prioritizes scarcity and decentralization, but that faces limitations in speed and transaction costs. On the other hand, he portrayed XRP as a “digital dollar,” framing it as a more practical instrument for cross-border payments, designed to move value quickly and at low cost. 

Investor Embraces Full Risks As He Goes All In On The Altcoin 

In his post, AiMan acknowledged the significant risks of investing 100% of his BTC proceeds into XRP. He admitted that XRP could lose all of its value, leaving him with nothing. Despite this, he remained undeterred, emphasizing that if things go well, the potential rewards could be life-changing. 

He pointed out a stark contrast between Bitcoin’s current market capitalization of over $2 trillion and the global cross-border payments industry, which is valued at approximately $250 trillion. According to the crypto entrepreneur, if the altcoin were to capture just 1% of that market, its value could increase exponentially.

Since Bitcoin’s launch, the number of addresses holding more than 0.1 BTC has climbed steadily through every market cycle, until now. Data shows that addresses in this cohort haven’t grown at all over the past two years, breaking a trend that held for more than a decade. 

The stagnation indicates a change in how smaller and mid-sized investors engage with Bitcoin, even as broader institutional activity in the market continues to rise.

Small Holder Participation Reaches A Standstill

The 0.1 BTC threshold has historically represented an important milestone for retail holders, large enough to signal commitment but small enough to remain widely attainable. For more than a decade, wallets crossing that line grew year after year, even during drawdowns when long-term buyers were accumulating quietly.

That pattern is no longer intact. The number of addresses with more than 0.1 BTC has flattened since 2023 and is showing no signs of returning to its previous trajectory. Particularly, data from the on-chain analytics platform Santiment shows that the number of these addresses has stalled at around 4.44 million for the past year. This suggests that fewer new participants are choosing to build self-custodied Bitcoin positions at this level.

The stagnation becomes more notable considering Bitcoin’s rising mainstream visibility and repeated pushes toward new all-time highs this year. In earlier cycles, such conditions have led to a surge in retail accumulation. This time, the address count has stayed frozen, and this means retail addresses holding Bitcoin might actually be plateauing. 

How Bitcoin’s Holder Base Is Changing

Although on-chain data points to a slowdown in the growth of overall Bitcoin addresses holding more than 0.1 BTC, it doesn’t necessarily signal a decline in overall adoption. For many market participants, Bitcoin exposure now happens entirely off-chain.

Larger investor cohorts, from high-net-worth individuals to funds and corporate entities, are buying huge amounts of Bitcoin. For instance, Santiment data shows that large Bitcoin holders controlling more than 100 BTC have increased their balances throughout 2024 and 2025, even as smaller address cohorts have stalled.

At the same time, more investors are choosing to access Bitcoin through custodial avenues instead of managing their own wallets. Spot Bitcoin ETFs have become one of the most important gateways for new BTC exposure. In the US alone, Spot Bitcoin ETFs now control almost $120 billion worth of Bitcoin, with BlackRock’s IBIT consistently recording the strongest demand. 

Together, these developments point to a new phase in Bitcoin’s development. What was once dominated by individual self-custodied users is now increasingly shaped by institutions, ETFs, funds, and professionally managed capital. Therefore, the numbers from on-chain wallet metrics reflect a smaller portion of the actual user base.

Crypto pundit Pumpius has provided insights into Ripple’s XRP’s role to enable the trillion-dollar tokenization market on the XRP Ledger (XRPL). He also explained how the altcoin and Ripple’s RLUSD stablecoin work hand in hand rather than being competitors on the network. 

Ripple XRP’s Role In Enabling Tokenization On The XRPL

In an X post, Pumpius stated that XRP handles cross-border liquidity and deep global routing while Ripple’s RLUSD supports domestic flows, tokenized assets, and institutional balance sheets. This came as he noted that pairing XRP with RLUSD creates a two-asset settlement engine in the push for tokenization on the XRPL. 

The crypto pundit further stated that both XRP and Ripple’s RLUSD unlock instant settlement for tokenized assets, atomic swaps, capital-efficient markets, and unified liquidity across the entire XRPL ecosystem. He asserted that without instant, programmable, and compliant settlement, tokenized assets are nothing more than digital placeholders. 

Pumpius remarked that this is where Ripple’s RLUSD becomes transformative. He explained that the stablecoin is the operational backbone for real-world assets on the XRP Ledger. The crypto pundit added that it is the first dollar that settles at XRPL speed with institutional-grade transparency and regulatory alignment.  

In line with this, Pumpius reiterated that tokenization is useless without settlement. While RLUSD fixes the settlement problem, he stated that XRP amplifies it and that the emerging ZK layer will protect it. Regarding the ZK layer, the pundit stated that as private ZK infrastructure begins to anchor the XRPL identity, privacy and compliance layers will slot into this model, making settlement fast, verifiable, and shielded when needed. 

He declared that settlement, privacy, and compliant identity are the final form institutions have been waiting for before they begin tokenizing on the XRP Ledger. Notably, Ripple has already included introducing privacy features on the network into its roadmap. 

Ripple CTO Defends XRP And XRPL

In an X post, Ripple CTO David Schwartz defended XRP and the XRPL after the altcoin was described as being “extremely centralized” because it is permissioned. Schwartz rebutted the statement that it was permissioned, noting that no one needs, or could have, any special permission to issue or execute XRPL transactions.

He further stated that XRP is unpermissioned for the same reason Bitcoin is. He added that if anyone were to exercise control over the network in a way that is perceived as unfair, everyone else would change whatever was needed to regain fairness. The Ripple CTO also mentioned that, over more than a decade, no XRP transaction has been censored. At the same time, he claimed that Bitcoin miners routinely delay transactions they disfavor for any reason. 

At the time of writing, the XRP price is trading at around $2.05, down in the last 24 hours, according to data from CoinMarketCap.

A crypto analyst has forecasted that the Litecoin price is gearing up for an explosive rally to $110. Unlike Bitcoin and Ethereum, which have seen considerable declines over the past few months, Litecoin appears to be stabilizing, gaining about 7.8% this past week, according to CoinMarketCap. Although LTC has seen its fair share of declines this year, analysts still hold hope that the cryptocurrency could cross the $100 threshold and reclaim former highs. 

Litecoin Price Targets A $110 Breakout

Litecoin may be preparing for a strong upward move, according to a new analysis from TradingView market expert MadWhale. The analyst has indicated that the cryptocurrency has the technical structure needed to break out of its long-term descending channel and potentially climb toward $110. With its current price sitting around $83, a surge to this level would represent a significant 33% rally. 

MadWhale has based his bullish LTC forecast on weekly candlesticks and how the cryptocurrency has consistently responded to past support and resistance levels. He explained that the altcoin had been trapped in a descending channel that has controlled its price for several weeks now. According to the TradingView analyst, Litecoin is now approaching the upper resistance region of the descending channel–a point where traders usually watch for either a clean breakout or a sharp rejection.

From the analyst’s price chart, Litecoin’s support zones have repeatedly held firm, showing that buyers consistently defended the area. Due to this steady support, he expects Litecoin’s bounce near the descending channel’s upper resistance to build momentum. If the support holds, MadWhale suggests the cryptocurrency could skyrocket to $110, completing its breakout from the descending channel. 

A breakout could signal a significant shift, potentially transforming Litecoin’s recent downtrend into a new bullish phase. MadWhale’s chart also highlights the cryptocurrency’s volatility, showing that in early October, LTC had rallied around 33.84%, climbing above $120. However, just days later, it crashed more than 17%, coinciding with the October 10 liquidation event that shook the market. 

Update On LTC’s Price Action

Litecoin is approximately 79% below its all-time high of over $410, recorded during the 2021 bull run. The cryptocurrency has dropped 17.68% over the past week and is down 33% for the year, mirroring the broader decline seen across altcoins. Despite its performance, LTC’s Fear and Greed Index remains in the neutral zone, suggesting that crypto investors are cautiously optimistic.

According to market analyst CW on X, the next sell wall for Litecoin is at $98, about 15% above its current price. Once the cryptocurrency reaches this level, CW expects a significant number of sellers to offload their coins. His chart also highlights the next key resistance levels for LTC, suggesting a potential surge to $98 first and then to the $106-$110 range.

Shiba Inu has recorded a notable surge in spot trading activity on several exchanges over the last seven days. This provides a bullish outlook for the second-largest meme coin by market cap, which has been one of the underperformers in this market cycle. 

Shiba Inu Sees Surge In Spot Trading Activity

CoinGlass data show a 154% surge in Shiba Inu USD spot trading volume on Kraken over the last seven days. There has also been a significant surge on other major exchanges, such as Binance, Bybit, OKX, and Gemini, during the same period. This indicates that spot buyers may be stepping in to defend the SHIB price at a critical support amid the broader crypto market decline. 

Notably, Shiba Inu is one of the altcoins that are in the green over the last week, suggesting that the bulls may be in control at the moment. CoinMarketCap data shows that the second-largest meme coin by market cap is up almost 7% during this period despite Bitcoin’s choppy price action. 

Meanwhile, further data from CoinGlass also shows that most leverage traders are currently betting on an increase in the Shiba Inu price, with the long/short ratio currently above 1. However, it is worth noting that derivatives volume is down by over 10% and open interest is down by almost 4%, which presents a bearish outlook for the meme coin. 

Another positive for Shiba Inu, besides the surge in spot trading volume, is that the Fed is likely to cut interest rates again at this week’s FOMC meeting. This could inject more liquidity into the crypto market, with altcoins like SHIB benefiting from it. Meanwhile, Bitcoin is currently looking to hold above the psychological $90,000 level, which could pave the way for higher prices for SHIB given their positive correlation.  

Community Gives Update On SHIB’s Progress

In an X post, Shiba Inu community member Shibizens gave an update on SHIB’s progress over the last few days. The community member noted that over 45 billion SHIB have been moved off exchanges, indicating that holders are accumulating. Shibizens also alluded to a $35 million whale transfer into a private wallet, suggesting that SHIB whales are also bullish. 

Furthermore, Coinbase is set to launch Shiba Inu futures on December 12 for institutional and retail investors, which could boost the meme coin’s adoption. Meanwhile, NYSE Arca has filed the 19b-4 for T. Rowe’s Shiba Inu ETF, bringing the ETF one step closer to launch. 

Shibuzens also highlighted upgrades on the Shibarium network, which could provide a major boost for SHIB. This includes the RPC upgrade, while a full privacy upgrade has been confirmed using encrypted tech. There are plans to roll this out by next year. 

At the time of writing, the Shiba Inu price is trading at around $0.000008498, up in the last 24 hours, according to data from CoinMarketCap.

Following the Bitcoin price crash below $100,000 back in November, different bearish predictions have begun to make the rounds in the crypto community. For some, this crash signifies the end of the bull market, ushering in the dreaded bear market. While some of the predictions have been conservative, putting the pioneer cryptocurrency somewhere around $50,000 at the bottom, one analyst in particular has predicted a deeper crash, and this was done using the gold chart.

Why A Crash Could Be Coming For The Bitcoin Price

Crypto analyst The Great Martis took to X (formerly Twitter) to share their prediction of where the Bitcoin price is headed next. The chart shows a possible decline that could send Bitcoin moving below $20,000, before eventually reaching a bottom at around $15,000. Although this is not out of the ordinary for analysts to predict such crashes, the reason why Mathis believes this is possible is what is interesting.

The crypto analyst points out that the gold performance, which has seen the asset hitting new all-time highs this year, was being driven by speculation. Martis explains that the Fed’s intervention is something that will continue to drive the price of gold higher, and this could, in turn, continue to push down the Bitcoin price.

Furthermore, the analyst expects that the gold price will rise into the $12,000 territory, putting it in the same region that the Bitcoin price was in back in 2021. The interesting thing to note about Bitcoin in 2021 is that this was the year that the digital asset went on one of its most explosive rallies so far.

If Bitcoin continues to perform inversely to gold, then a rise to 5-digits for gold would mean a bearish market for Bitcoin. A crash to $15,000 would translate to a more than 70% decrease in price from the current level, and an almost 90% decline from its $126,000 all-time high.

So far, this year, gold has been the better performer of the two when compared side-by-side. For context, the gold price is already up over 55% in the year 2025; meanwhile, the Bitcoin price suffered a major 30% drop in price after hitting $126,000 back in October.

While both of these assets continue to lead in their respective sectors, gold continues to remain the standard for what investors consider a “safe” investment compared to Bitcoin, which is known for its wild price fluctuations.

The Dogecoin price is already struggling amid the bearish pressure that has dominated the crypto market recently. After the initial fall to $0.2, DOGE bulls had attempted to hold support, pushing for a rebound. However, with the bearish headwinds of the last quarter of the year, the Dogecoin price has since succumbed and is now trading below the $0.15 support level, and continues to struggle.

Despite the already troubling price performance, crypto analyst Weslad says that the worst might be yet to come. This is due to a corrective structure that has appeared on the meme coin’s price chart, and the result of this has been a bearish flag. As these technical developments unfold, the crypto analyst has warned investors of what to expect, outlining why the Dogecoin price could see a major crash while attempting to recover.

Dogecoin Price To Rise And Then Fall

The analysis, which was shared on the TradingView website, points to the bearish flag as a precursor of what is to come. Weslad explains that the bearish flag had triggered the Dogecoin price breakdown that had led to the downward leg. As a result, the sentiment has skewed negative so far, suggesting that there could be more declines to come.

However, the crypto analyst points out that the Dogecoin price is still well below its breakout zone. Given this, it is likely that there could be an initial relief rally for the meme coin. If this rally plays out, then there would be an initial decline below $0.12 to form support above $0.118. Once this support is established, then the resulting bounce is expected to push the Dogecoin price to $0.2.

Once this move is completed, though, the analyst predicts an even deeper crash on the horizon. From the $0.2 mark, Weslad’s chart shows that the Dogecoin price could decline another 70%, falling toward $0.05 in the process, which would mean a return to 2-year lows.

“The immediate plan is to monitor a pullback toward the minimum bearish flag targets around the $0.12 region, which aligns with the former structure support and breakout zone,” the crypto analyst said. This bottom area serves as a “supply on the retest” and could trigger the next decline.

For now, the analyst expects that the Dogecoin price will continue on its bearish path. This is dependent on the broader market performance, and so far, a breakdown looks to be more likely.