SaM Yun

$XRP is trading at $2.19, supported by a 24-hour trading volume of $2.02 billion. Despite slipping nearly 1% on the day, the asset maintains its position as the fourth-largest cryptocurrency, backed by a market cap hovering around $132 billion.
With 60.3 billion tokens in circulation, the market is now buzzing with one question: is XRP finally building enough momentum to reclaim $2.58—and ultimately aim for the long-discussed $5.50 target by late 2026?
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Market Structure Shows Early Signs of Stability
After enduring months of downward pressure, XRP is starting to show structural steadiness on the charts.
The $2.1458 support zone has become a battleground where long lower wicks repeatedly hint at strong buy-side absorption—evidence that sellers are gradually losing dominance.
Meanwhile, the 20-day EMA flattening near $2.2026 is a subtle but important shift. For the first time in weeks, the trend filter has stopped angling downward. While momentum remains muted, these slow-forming layers of stability often precede a directional turn.
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Triangle Compression Poised for a December Breakout
$XRP XRP’s price action has now compressed into a tightening symmetrical triangle, a classic technical formation that often resolves with a decisive move.
The series of recent Doji candles reflects hesitation rather than weakness—traders waiting for a clear signal.
The RSI near 47 keeps the market balanced, leaving enough room for volatility in either direction.
A clean daily close above the descending trendline would be the first meaningful trigger. Beyond that:
Initial resistance: $2.3847
Next target: $2.5783
Extended move: toward $2.78
Before attempting a breakout, a modest dip toward $2.20–$2.23 may provide a healthier higher low, reinforcing support for the next upward charge.
What Traders Should Watch Heading Into 2026
The most promising structure forms if #XRP breaks above the trendline, retests it, and holds. That sequence gives bulls a clearer path and strengthens the case for larger targets as 2026 approaches.
If broader market liquidity improves alongside renewed risk appetite, the long-speculated $5.50 scenario shifts from hope into possibility.
With fresh presales drawing capital back into high-beta corners of the market, s next breakout could act as a spark—lifting holders and tempting sidelined investors back into the cycle.

Wormhole Labs — the team behind the Wormhole cross-chain protocol — has officially launched Sunrise, a new liquidity gateway designed specifically for the Solana ecosystem.
Positioned as a “canonical route” for bringing external assets into $SOL Solana, Sunrise gives users a single streamlined interface to transfer tokens from their origin chain directly onto Solana with instant, day-one liquidity. This makes newly bridged assets immediately tradable across Solana’s DeFi landscape, according to materials shared with The Block.
Sunrise aims to eliminate the typical fragmented liquidity issues that appear when new tokens enter a chain. At launch, assets bridged through Sunrise will be tradable across major Solana venues — including decentralized exchange Jupiter — and supported on Orb, the Helius-incubated block explorer, from the very start.
The gateway’s first major test will be the MON token from Monad, a high-profile Layer 1 project. Sunrise will offer day-one support for MON as its token sale concludes and begins trading tomorrow.
The launch arrives amid intensifying competition among interoperability protocols seeking to control asset flows between high-performance blockchains. Monad — which raised $225 million in early 2024 in a Paradigm-led round — remains one of the most closely monitored Layer 1 networks under development.
By positioning Sunrise as the primary bridge for MON, Wormhole Labs is strengthening its role within $SOL Solana’s expanding liquidity and market infrastructure.

Digital asset treasury firms (DATs) continue to struggle as their stock prices collapse far below the value of the crypto assets they hold. The latest example came Thursday, when Ethereum-focused treasury firm FG Nexus (FGNX) disclosed a major sale of its $ETH reserves to finance an aggressive share buyback program.
According to the update, FG Nexus sold 10,922 ETH — worth roughly $33 million at current prices — and paired it with $10 million in borrowed capital to repurchase 3.4 million shares. The average buyback price came in at $3.45 per share, notably below the firm’s reported net asset value (NAV) of $3.94.
Impact on the Market
Shortly after the announcement, $ETH dipped around 2%, while Bitcoin slipped roughly 1%, though both assets later clawed back part of the decline. The move highlights how treasury-driven selling continues to influence broader crypto price action.
FG Nexus Balance Sheet After the Sale
Even after unloading a large portion of tokens, FG Nexus still holds:
~40,000 ETH
$37 million in cash and USDC
These figures illustrate the firm’s significant remaining exposure to Ethereum — but also the long-term sustainability concerns of funding operations through crypto liquidations.
DATs Under Pressure
The situation at FG Nexus mirrors similar actions across the DAT sector. ETHZilla, another $ETH -heavy treasury firm, sold $40 million worth of tokens last month to execute its own share buyback.
DATs have seen their equity valuations plunge 50%–98% from their peaks, leaving many trading well below the value of their on-chain holdings. Buyback programs are being used as a mechanism to narrow the gap between share price and NAV — but at the cost of diminishing core crypto reserves.
FG Nexus Leadership Speaks
CEO Kyle Cerminara said the company intends to continue buying back shares while the market price remains below NAV, arguing it creates an “asymptotic effect” that boosts per-share valuation metrics as outstanding shares decline.
Despite the temporary pop — FGNX shares rose 2% early Thursday — the stock remains down over 95% from last summer’s highs.