cryptonewswithjack

Veteran trader Michael XBT is doubling down on his bearish outlook for #Bitcoin , even after it has already fallen 12%.
He argues that a major breakdown could trigger a “total destruction” across the market.
In a series of posts on X, the trader said Bitcoin’s next move lower could be severe. He claimed his short positions could generate massive gains if market weakness continues. In his words:
“This next Bitcoin dump is going to be disgusting. My shorts will print so much money it will feel illegal.”
The comments come as Bitcoin trades in the mid-$60,000 range. The asset has dropped 4% over the past day and is currently trading around $66,500. On the weekly timeframe, BTC is down 12%.
Key Points
Veteran trader Michael XBT warns Bitcoin could face a major breakdown, calling the next dump “disgusting.”He says a decade-long wedge pattern is nearing a critical support test that could trigger heavy selling.Michael points to bear flag resistance and believes ongoing weakness signals capitulation is underway.Despite Bitcoin falling 47% from its peak, many bulls still view the pullback as a long-term buying opportunity.
Incoming 10-Year Wedge Breakdown
Michael shared a long-term Bitcoin chart highlighting a decade-long wedge formation. According to him, a decisive break below the lower trendline could trigger a liquidation event similar to the market collapse that followed the FTX bankruptcy in 2022.
He argued that Bitcoin has repeatedly tested a critical support zone. In his view, each retest weakens that support. As a result, he said he would not bet on the support line holding again.
The trader also warned investors against remaining heavily exposed if that support eventually fails.
BTC Bear Flag Resistance
In an earlier market update, Michael said Bitcoin was approaching a final test of bear-flag resistance. He argued that the pattern resembles previous bearish continuation setups. If buyers fail to regain control, he believes history could repeat itself.
The trader noted that the decline had already begun, telling his followers that “capitulation” was underway.
Profitable Short Position
As Bitcoin fell from roughly $75,000 toward the $66,000 area, Michael highlighted a leveraged short position that benefited from the move. He shared a screenshot showing a 20x Bitcoin short posting gains of more than 220%. The position had an entry price near $74,593 and a mark price around $66,280.
Responding to a user who praised his conviction around the $75,000 level, Michael said he had risked his reputation by turning “max bearish” despite criticism from the crypto community.
He acknowledged changing his market bias multiple times. However, he argued that correctly identifying the broader trend is what matters most.
Reputation Built on Major Bitcoin Calls
Michael’s warnings have drawn attention because of his history of making high-profile Bitcoin calls.
The trader became widely known after identifying Bitcoin’s 2022 bottom near $15,000. At the time, he also predicted a future move to $100,000 when market sentiment was deeply negative.
That forecast eventually played out. Bitcoin’s price recovered from its lows and later reached six-figure territory.
While Michael remains convinced that another sharp decline is coming, he has remained silent on how low Bitcoin could fall.
Regardless of the short-term direction, Bitcoin bulls continue to view the long-term trend as intact. Bitcoin is now down 47% from its peak of $126,200, and many investors see the pullback as a favorable entry point ahead of the next uptrend.
#CryptonewswithJack

Veteran trader Peter Brandt has surprised the crypto community by naming #XRP as one of the strongest candidates for real-world transactional adoption.
Notably, the remark came during a recent episode of Crypto Banter hosted by Ran Neuner. Brandt was asked which cryptocurrency had the best chance of becoming a widely used transactional network. His response caught the host off guard.
“XRP probably is the best,” Brandt said. “Right now, if you had to bet on a horse to become transactional, it would probably be XRP, Solana, and ETH.”
The comment is notable because Brandt has spent years publicly criticizing the asset and its supporters.
Meanwhile, he added that he believes many cryptocurrencies will ultimately prove to be “junk”. However, he highlighted XRP, Solana, and Ethereum as the leading contenders for practical, transaction-focused use cases.
Key Points
Peter Brandt surprised the crypto community by naming XRP as the leading contender for transactional adoption.Brandt said XRP, Solana, and Ethereum are the strongest candidates for real-world payment use cases.Ran Neuner expressed shock at Brandt’s positive remarks, given his long history of criticizing XRP.Despite past criticism, Brandt has occasionally praised XRP’s chart structure and long-term potential.
Ran Neuner Reacts to Unexpected XRP Endorsement
The comments gained attention after Crypto Banter Clips shared the segment on X with the caption: “Did He Say XRP?”
The account noted that even Neuner was surprised by Brandt’s answer. It said the veteran trader revealed what he believes is the best bet in crypto right now, and it was not the answer most viewers expected.
During the interview, Neuner openly acknowledged his surprise. He said he never imagined Brandt would speak positively about XRP. In his words:
“I didn’t imagine that Peter Brant would be talking about XRP, but I mean, you learn something new every day.”
XRP Community Highlights Brandt’s Shift
The remarks went viral within the XRP community. Prominent XRP commentator BankXRP highlighted the significance of the statement.
BankXRP noted that Brandt, who is known for calling major market tops and bottoms over several decades, had effectively chosen XRP as his preferred “horse” in the race for transactional crypto adoption.
For many XRP supporters, the comments represent one of Brandt’s most favorable public assessments of the asset in recent years.
Previous XRP Criticism
Brandt’s latest remarks contrast with many of his comments throughout 2025. In December 2025, he said no group of traders had been more easily baited than XRP and silver bulls.
In another post that same month, he described XRP and silver supporters as the “most madly obsessed perma-bulls on earth.”
He also argued that the most uneducated and biased permanent bulls he had encountered during his five decades of trading were those promoting silver and XRP.
In October 2025, concerning assets he would leave to his family, Brandt said XRP was the last thing they would want to inherit.
Brandt Previously Praised XRP’s Chart Structure
Despite his criticism of XRP holders, Brandt has occasionally expressed admiration for the asset’s technical setup.
In October 2025, he shared an XRP chart and said there had never been a “purer long-term chart.”
He also engaged XRP followers in April 2026 with a poll asking where the asset could find support in the bear market.
In sum, while Brandt has been largely critical of XRP and its holders, he still views the asset positively in certain respects.
#CryptonewswithJack

#XRP utility continued to grow in the first quarter of 2026 as institutional adoption of the XRP Ledger (XRPL) increased.
According to a new report from Messari, growth came from tokenized real-world assets (RWAs), stablecoins, and decentralized finance applications.
The report showed that XRP usage within the XRPL ecosystem continued to rise. Average daily transactions increased 35.3% quarter-over-quarter to 2.48 million.
At the same time, U.S. spot XRP ETFs expanded their holdings to 775.4 million XRP. That represents about 1.26% of XRP’s circulating supply.
Key Points
XRP utility grew in Q1 as daily XRPL transactions jumped 35.3% to 2.48 million and ETF holdings reached 775M XRP.XRPL’s tokenized real-world asset market surged 124% to $2.25 billion, ranking fourth among blockchain networks.Ripple’s RLUSD stablecoin expanded 45% to $340.3 million, becoming the largest stablecoin on XRPL.Messari says ETFs, RLUSD, and new XRPL features are driving institutional adoption and expanding XRP utility.
XRP Maintains Top Market Position Despite Quarterly Decline
Notably, XRP ended Q1 2026 as the fourth-largest cryptocurrency excluding stablecoins. Only Bitcoin, Ethereum, and BNB had larger market capitalizations.
The asset closed the quarter with a market cap of $82.21 billion. That was down 26.3% from the previous quarter as the crypto market corrected amid the bear season.
Despite the decline, XRP still accounted for 3.9% of the total crypto market capitalization excluding stablecoins. It also remained the dominant asset among chains that use federated consensus. XRP represented 93.7% of the native asset market value in that category.
Messari noted that XRP’s role within the XRPL ecosystem continues to expand. One example is the network’s upcoming native lending protocol. The feature will allow users to lend and borrow XRP directly on-chain, adding another layer of utility for the asset.
Spot XRP ETFs Continue to Accumulate
Institutional demand remained strong through U.S. spot XRP ETFs. By the end of Q1, the funds held 775.4 million XRP, up 1.9% from the previous quarter. ETF holdings reached a peak of 810.2 million XRP on March 3, 2026.
The market remained relatively balanced among four major issuers. Canary Capital’s XRPC led with 197.1 million XRP under management. Bitwise followed closely with 194.9 million XRP.
Franklin Templeton’s XRPZ held 159.7 million XRP. Meanwhile, 21Shares’ TOXR managed 105.8 million XRP.
According to Messari, spot XRP ETFs became possible after the Ripple-SEC legal dispute was resolved in August 2025. The outcome removed regulatory uncertainty surrounding XRP’s status in secondary market trading.
RLUSD and XRPL Real-World Assets Post Explosive Growth
Meanwhile, tokenized real-world assets were among the fastest-growing sectors on XRPL.
The network’s RWA market capitalization jumped 124% quarter-over-quarter to a record $2.25 billion. This growth helped XRPL move into the top tier of blockchain networks supporting tokenized assets.
At the time of publication, Messari ranked XRPL as the fourth-largest blockchain network by RWA market capitalization.
Ripple’s stablecoin, RLUSD, also expanded rapidly. Its market capitalization on XRPL grew 45% during the quarter to $340.3 million. That made it the largest stablecoin operating on the network.
Messari said new identity, compliance, and privacy-focused upgrades are helping attract institutional participants. As adoption increases, XRP benefits from several forms of network activity. These include transaction fees, reserve requirements, liquidity provisioning, and asset bridging.
Network Activity Climbs While Trading Volumes Cool
Network activity increased significantly during the quarter. Trading volumes, however, moved lower.
Average daily XRP spot trading volume fell 32% quarter-over-quarter to $2.69 billion. Average daily perpetual futures volume also dropped 28.6% to $2.99 billion.
The decline was broadly in line with XRP’s falling market capitalization during the quarter.
Despite weaker overall trading volumes, decentralized trading activity continued to grow. XRP spot volume on decentralized exchanges rose 9.4% quarter-over-quarter to $11.7 million.
The increase suggests that more trading activity is gradually shifting toward on-chain infrastructure.
XRP Supply Continues to Face Deflationary Pressure
The report also highlighted XRP’s built-in burn mechanism. On XRPL, transaction fees are permanently destroyed instead of being distributed to validators.
During Q1, transaction fees paid in XRP fell 12% to 50,750 XRP. Measured in dollars, fees declined 39.3% to $80,710.
Since the network launched, approximately 14.3 million XRP has been burned through transaction fees.
The burn rate remains relatively small because XRPL transaction fees are extremely low. Even so, the mechanism continues to create gradual deflationary pressure on XRP’s fixed maximum supply of 100 billion tokens.
Institutional Adoption Remains a Key XRP Narrative
Messari’s latest report suggests that XRP’s growth story is becoming increasingly tied to institutional adoption rather than speculation alone.
Spot ETFs now hold more than three-quarters of a billion XRP. RLUSD continues to expand, while the XRPL’s tokenized asset market has surpassed $2 billion.
These developments are helping position XRPL as infrastructure for regulated financial applications.
As new lending, compliance, privacy, and tokenization features are introduced, Messari believes XRP’s utility within the ecosystem could continue to expand throughout 2026.
#CryptonewswithJack

The #Ethereum price barely moved after Ethereum co-founder Vitalik Buterin announced that the Ethereum Foundation plans to reduce its ETH sales.
This is according to a recent assessment from leading market intelligence resource Santiment. The platform pointed out that the Ethereum price continued moving in line with the broader crypto market correction that recently dragged prices lower.
Key Points
Santiment reported about 76% bullish sentiment after the Ethereum Foundation’s decision to reduce ETH sales.Despite the improving sentiment, the Ethereum price barely moved following the disclosure.ETH briefly rebounded about 5% from $2,020 but halted at $2,115, down around 9% over 14 days.The Ethereum Foundation holds only 0.16% of the total ETH supply.The foundation sold 10,000 ETH to BitMine earlier this month, raising $22.9 million.
Sentiment Turned Bullish, But ETH Barely Moved
According to Santiment, crowd sentiment around Vitalik-related trending keywords ran approximately 76% bullish following the announcement. However, this optimism did not lead to bullish price action.
Specifically, ETH recovered by about 5% off its weekend low of $2,020 before meeting resistance and stalling around $2,115. At this price point, the asset is still down roughly 9% over the past two weeks.
Santiment also pointed out that the Ethereum Foundation holds just 0.16% of ETH’s total supply, which is well below most comparable foundation peers.
Notably, the recent discouraging price action is part of a broader market quiet phase that has emerged following the latest correction, which pushed Bitcoin from above $82,000 down to $77,000.
The EF’s latest Ethereum sale came earlier this month, when it sold 10,000 ETH over-the-counter to BitMine at an average price of $2,292 per ETH, bringing in roughly $22.9 million in stablecoins for operations.
Ethereum Foundation to Adopt a Leaner Model
For context, Buterin published a post on May 24, 2026, noting that the Ethereum Foundation would switch toward a leaner, more focused organization running on a “smaller ship” model.
He stressed that this includes selling less ETH from the treasury in order to prioritize the foundation’s long-term sustainability over a wider range of activities.
This aligns with the EF’s March 2026 mandate, which endorsed a narrower focus on censorship resistance, open-source development, privacy, and security at both the protocol and user-access layers.
The Ethereum Foundation is also expanding its board to reduce the influence of any single individual, including Buterin himself, a change he openly supports.
Interim co-executive director Bastian Aue and others, including Aya Miyaguchi, are leading much of this transition. Notably, at least eight senior researchers have left the foundation in 2026, putting the leaner model to the test during a period of restructuring.
Ethereum Down Despite Buying Momentum
Meanwhile, verified CryptoQuant author Carmelo Aleman published an analysis explaining why ETH has struggled to hold its ground despite buying momentum and the recent sentiment improvement.
Aleman noted that Ethereum entered a downtrend on May 11 and maintained a weak short-term structure throughout, with the price sliding from $2,375 to $2,031 by May 23. This marked a decline of nearly 14.5%.
According to him, the major issue is not a shortage of buyers, but that the market keeps falling even with aggressive buying activity present.
On the spot side, volume dropped from 470,770 ETH to 256,963 ETH over just 12 days, representing a 45.4% decline. This sort of volume pullback explains why even active buyers have been unable to push the price higher in any sustainable way.
After assessing derivatives data, Aleman concluded that Ethereum is falling because selling supply exceeds the demand needed to sustain the price. The market sees buying in both spot and futures markets, but limit sell orders and available supply in the market keep absorbing it.
#CryptonewswithJack

#Shiba Inu could experience a valuation expansion if a multi-year descending resistance trendline finally makes way.
Notably, this trendline has long suppressed Shiba Inu (SHIB), clamping down on every attempt to climb higher. However, a breakout would send the meme coin soaring to much higher valuation levels.
Key Points
A descending resistance trendline has capped Shiba Inu’s efforts to attain a higher valuation since the December 2024 peak of $19.7 billion.As such, its market cap has continued to slide, dropping 82.5% to the current level.Shiba Inu could enter a “full send mode” once it breaks out from the multi-year descending resistance.The first area to watch is the $3.74 billion valuation mark, which aligns with the tip of the diagonal resistance.
Shiba Inu Market Cap Stuck Below Resistance
Analyst Don shared a chart of SHIB’s market cap, showing how it has remained suppressed for years. Currently at $3.43 billion, its valuation places it as the 29th-largest cryptocurrency in that metric.
Technically, a downward-sloping resistance trendline has capped efforts to attain a higher valuation since the December 2024 peak of $19.7 billion. As such, its market cap has continued to slide, dropping 82.5% to its current level.
This has also been reflected in its price, which has also declined by the same rate from $0.00003343 in December 2024 to $0.00000582 today, reflecting an almost unchanged circulating supply.
Accumulation Amid Price Weakness
Although the correction mirrors broader market weakness, the analysis suggests there may be more to it than catches the eye. Typically, a prolonged period of consolidation below a resistance allows the underlying asset to build strength for an explosive directional move.
Don agrees with this, stating that Shiba Inu will enter a “full send mode” once it breaks out from the multi-year descending resistance. The analyst didn’t stop there; he highlighted key levels to watch for when SHIB’s market cap starts to show signs of recovery.
An accompanying chart shows that the first area to watch is the $3.74 billion valuation mark, which aligns with the tip of the diagonal resistance. Attaining this would involve adding $310 million to its current market cap, translating to a price of $0.00000634.
Shiba Inu Breakout Targets
Meanwhile, the chart highlights two other market cap targets upon breakout. The first point is the $8.54 billion valuation. With a circulating supply of 589.24 trillion, this culminates in a price of $0.0000145.
The final target is $20 billion, which represents a price of $0.0000339. This places it slightly higher than the December 2024 peak price. Based on its current market standing, SHIB would need to grow by 483% to reach this price level.
In the meantime, the market tone around Shiba Inu remains cautious, and that needs to change if the uptrend is to happen soon.
Notably, open interest has dropped 3% in the past 24 hours to $49.8 million, suggesting a decline in derivative activities. Exchange spot inflows have also increased, with netflow standing at 15.47 billion in the past 24 hours.
#CryptonewswithJack

Despite recent setbacks witnessed by #Cardano , market analysts believe the asset could be poised for a measured upward move.
Cardano (ADA) is consolidating near support after recent price swings stalled at a familiar price level. The asset attempted to break above the resistance near $0.288 in the previous week, but selling pressure around this region proved too strong, forcing a pullback to the $0.250 support. Still, a big move could be on the horizon for Cardano, according to a recent outlook.
Key Point
Cardano could be set for a massive move higher amid a descending trendline breakout.A measured move to the golden pocket Fibonacci level would not be a big deal for ADA.The 0.618 Fib. level is at $0.67, and the 0.65 Fib. level is at $0.71, bringing the target near $0.70.Analysts do not see Cardano reaching $1 in the near term, calling it a “long way” from here.
Cardano Weekly Breakout
Specifically, Tim Warren predicted a massive move higher for Cardano in his YouTube podcast, citing a breakout from a descending trendline.
The analysis shows that ADA broke out of this downward-sloping resistance line in early May when it rallied 13% in a single week. Notably, this supply zone had capped upward moves since the February high of $0.313 until the breakout in the week of May 4.
The analyst identified potential targets for this imminent rally using a larger ascending resistance level on the weekly timeframe.
This key dynamic resistance dates back to January 2023, with ADA peaking every time it touches it. Some instances include the April 2023 high of $0.46, the December 2023 high of $0.68, the March 2024 high of $0.81, and the December 2024 peak of $1.32.
Breakout Target and $1 Possibility
The analyst drew the Fibonacci retracement tool from the line and discussed possible targets if breakout momentum persists. According to him, a measured move to the golden pocket Fibonacci level would not be a big deal for ADA.
Notably, the golden pocket is the price level between the 0.618 and 0.65 Fibonacci levels. The chart shows that the 0.618 Fib. level is at $0.67 and the 0.65 Fib. level is at $0.71. This brings the target to around $0.70, representing a 181% increase from the current price of $0.249.
However, Warren does not see Cardano reaching $1 in the near term, calling it a “long way” from here. Nonetheless, he sees the coin currently standing at a good opportunity point for a substantial move.
Cardano Bullish Confirmation
In a parallel analysis, CryptoLifer also confirms bullish possibilities for Cardano. His analysis featured a possible breakout from a descending channel on the daily chart. This wedge pattern began forming at the high of $0.288 on May 10, with the price compressing between its upper and lower bands.
This formation looks bullish to the analyst, who insisted that a continued trend above the previous resistance-turned-support near $0.245 would confirm upward momentum. Under these circumstances, ADA could surge to $0.31, representing a 24% increase from the current price.
#CryptonewswithJack

Analyst Ali Martinez believes #Cardano may be entering a new bullish phase after a key technical indicator flipped positive for the first time in months.
In a recent post on X, Martinez said the SuperTrend indicator has issued a fresh buy signal on ADA’s daily chart.
He described the indicator as one of his most reliable tools for tracking Cardano’s long-term direction. According to him, the same indicator previously flashed a sell signal on September 25, 2025, a call that accurately marked the beginning of a 73% correction in Cardano’s price.
After enduring months of heavy downside pressure, Martinez now believes the exhaustion phase may be ending. In other words, a trend reversal could be underway.
Key Points
Cardano flashes a buy signal as SuperTrend turns bullish, hinting at a possible trend reversal ahead.Ali Martinez sees ADA recovery forming with key support at $0.25, still holding firm.Upside targets include $0.33 and $0.42 if momentum continues in the current setup.Whales continue to accumulate over 25B ADA, signaling strong long-term confidence despite past declines.
SuperTrend Indicator Turns Bullish on ADA
Martinez explained that the recent change in the SuperTrend indicator suggests Cardano may be preparing for a strong upward move if current support levels hold.
He identified $0.33 as the first major resistance target. With ADA currently trading at $0.2668, a rally to that level would represent an increase of approximately 23.2% from current levels.
If bullish momentum continues beyond that point, Martinez expects Cardano to push toward a secondary target of $0.42. That move would represent a gain of roughly 56.8% from ADA’s current price.
However, the analyst also pointed to the importance of the $0.25 support zone. According to Martinez, his bullish outlook remains valid as long as ADA stays above that level. A breakdown below $0.25 could delay the expected recovery and potentially weaken the current setup.
Price Gradually Climbs
According to CoinMarketCap data, Cardano is trading at $0.2668, up 0.83% over the past 24 hours. ADA has also posted gains of around 1.32% over the past week, while extending its monthly performance to roughly 12%.
Cardano’s latest daily move has closely tracked the broader crypto market trend. Over the past day, Bitcoin touched $82,000 before retracing, suggesting ADA’s recent recovery is partly being supported by improving market-wide sentiment.
“Incredibly Clean” Chart with $4 ADA Target
In a separate update, analyst Celal Kucuker argued that Cardano is one of the strongest candidates in the current bull cycle. Specifically, he said its long-term chart structure is “incredibly clean.”
Accordingly, he projects a potential move toward $4.21 if ADA breaks above key resistance near $1. A rally to $4 from current levels around $0.2600 would represent gains of nearly 1,394%, surpassing ADA’s 2021 all-time high of $3.10.
Given these prospects, whales are already aggressively accumulating ADA. Millionaire wallets now control a record 25.09 billion ADA, representing over 67% of the circulating supply.
Notably, accumulation has continued since December 2023 despite a 71% price drop during the period. This suggests large investors are positioning for a long-term recovery rather than exiting.
#CryptonewswithJack