cryptonewswithjack

#XRP may fall below $1 again after showing a bearish signal that previously led to a 30% price drop, according to crypto analyst ChartNerd.
In a post on X, ChartNerd said XRP formed a daily 20/50 EMA death cross on October 19. This occurs when the 20-day exponential moving average (EMA) falls below the 50-day EMA, signaling weakening price momentum.
The analyst noted that XRP has struggled to recover above both moving averages, raising concerns about another potential price decline.
XRP Could Drop Below $1 Again
ChartNerd compared the current signal with a similar one observed between May and August, when XRP fell from around $1.40 to below $1.00, marking a drop of roughly 30%. The price later rebounded to $1.70 in August and $1.60 in September following a 20% dip.
Now that XRP has formed another death cross and remains below both moving averages, the analyst warns that the price could fall toward or even below $1 if history repeats itself. XRP is currently trading at $1.30, down 15% over the past month.
XRP’s Next Move Depends on Breaking Above Key Levels
XRP’s next move depends on whether it can rise above its short-term moving averages. If it succeeds, the price could recover. However, if it continues to struggle, XRP may fall further.
The previous 30% drop illustrates what happened the last time XRP formed this bearish signal, but it does not guarantee that the same scenario will play out again.
XRP Flashes a Buy Signal
Interestingly, XRP has flashed a buy signal on its three-day chart, according to crypto analyst Ali Martinez, raising hopes of a potential price rebound.
In a post on X, Martinez said the TD Sequential indicator had signaled a possible buying opportunity for XRP. The TD Sequential is a technical indicator that traders use to identify potential trend reversals. He noted that the last three similar signals were followed by price rebounds of 31%, 24%, and 18%, respectively.
However, XRP’s next move depends on what happens around the $1.25 level. Martinez said that if XRP stays above $1.25, it could recover toward $1.40.
Losing $1.25 Could Send XRP to $0.98
On the other hand, if XRP falls below $1.25, its price could drop toward $0.98, Martinez warned. He added that the risk could increase if large XRP holders, often called whales, continue selling to take profits.
Notably, XRP dipped to $0.98 in August but surged 70% days later. However, that rally eventually lost momentum, and the price is now at $1.30, amid renewed fears of a fall below $1.
For now, traders will be watching to see whether XRP can hold the $1.25 level, which was already tested over the weekend. The price has yet to fully recover from that test.
#CryptonewswithJack

Shares of IREN Ltd. (NASDAQ: IREN), an AI cloud and data-center operator, fell more than 4% to $23.90 in premarket trading Monday after Elon Musk warned that hundreds of specialized AI cloud providers could go out of business or be forced to merge. Musk also ruled out SpaceX acquiring any neocloud companies.
The decline coincided with share-price declines in fellow AI infrastructure companies CoreWeave (CRWV) and Nebius Group (NBIS).
In a Sunday post on X, Musk said lenders had nearly stopped providing financing to companies without substantial revenue outside AI data centers. He predicted that more than 200 neocloud providers would face what he called “guppy-level death and consolidation,” adding that only a small number would survive.
Responding to speculation that his comments were intended to push down neocloud stock prices ahead of potential acquisitions, Musk wrote, “SpaceX is not buying any neoclouds. Pointless.”
Musk also said SpaceX had closed $40 billion in debt financing to purchase graphics processing units, or GPUs, used in AI computing. He attributed the company’s access to borrowing to its investment-grade credit rating and revenue from Starlink satellite services and rocket launches.
However, Bloomberg reported that discussions over the debt’s pricing remained ongoing as of late Sunday and that the financing had not yet been priced, despite Musk’s statement that the deal had closed.
IREN Shares Trade Below Previous 52-Week Low in Premarket
IREN shares had already fallen about 47%, from $47.05 on September 23 to $24.905 at Friday’s close. Monday’s $23.90 premarket quote placed the stock nearly 69% below its 52-week high of $76.87 and below the previous regular-session 52-week low of $24.855, recorded October 22.
Short interest in IREN stood at 81.65 million shares as of September 30, up from 55.88 million at the end of March but below the 98.22 million shares reported at the end of July.
Separately, IREN Limited Tokenized bStocks (IRENB) was trading at $23.91, down 3.28% over 24 hours, according to CoinMarketCap. The tokenized instrument’s 24-hour performance is separate from the Nasdaq-listed shares’ premarket movement.
Gartner Forecasts Widespread Neocloud Consolidation by 2030
Musk’s warning followed an October 14 Gartner report predicting that more than 80% of neocloud providers would cease operating independently by 2030 because of rising costs and insufficient differences between competing business models.
Gartner estimated that spending on AI-optimized infrastructure-as-a-service (IaaS) would rise from $66 billion in 2027 to $174 billion in 2030. Despite that growth, the research firm warned that most AI computing providers would struggle to recover their infrastructure investments before the current generation of AI chips is replaced.
The forecast concerns the industry’s loss of independent operators, including through consolidation, rather than necessarily the closure of every affected business. It does not establish that IREN itself will fail or lose its independence.
IREN is scheduled to report its fiscal first-quarter 2027 financial results on November 5, followed by a conference call at 5 p.m. Eastern Time.
#CryptonewswithJack

October 22 brought a new financing partnership for the XRP Ledger, an interest-paying digital deposit from SoFi and expanded trading capabilities at Uniswap. The day’s announcements also included regulatory action against Coinbase Ireland, a major venture-capital rebrand and a governance decision at Starknet.
Ripple and Arf Target Payment Firms’ Funding Needs
Ripple and Arf announced a partnership to provide licensed payment companies with short-term financing in RLUSD through the XRP Ledger. The funding is intended to cover the period while international payments settle, with Arf’s financing typically repaid within one to five days. A later phase would use XRPL’s proposed native lending features once the required amendments are activated.
SoFi Introduces a Tokenized Deposit Paying 4.40% APY
SoFi unveiled SOFIE, a tokenized bank deposit offering a variable 4.40% annual percentage yield, with deposits eligible for FDIC insurance within applicable limits. Customers can exchange SOFIE for SoFiUSD at a one-to-one rate, then use the stablecoin for crypto purchases or transfers to supported external wallets. Access is being introduced to SoFi Crypto members in stages through November.
Uniswap Expands Access to Liquidity From Other Exchanges
Uniswap Labs activated aggregator hooks on Ethereum, Base and Robinhood Chain, allowing its trading system to draw on liquidity from external platforms. Seven sources are available initially through the web app and API, giving the system additional prices and trading routes to compare. Swaps using these connections also generate protocol fees that contribute to UNI token burns.
Coinbase Ireland Receives €3.25 Million Penalty
Ireland’s central bank announced a €3.25 million penalty against Coinbase Ireland for shortcomings in protecting customer funds and overseeing outsourced operations. The settlement was reached on October 21 and disclosed on October 22, with the sanctions still requiring High Court confirmation. Coinbase said it had corrected the issues and that customers had neither lost money nor been prevented from accessing their funds.
Starknet Voters Support Research Into an Independent Blockchain
A Starknet poll that closed on October 22 recorded more than 93.5% of voting power in favor of researching a transition from an Ethereum Layer 2 into an independent blockchain designed for post-quantum security. StarkWare plans to prepare a draft whitepaper for public review in November. Any actual network transition would require further governance approval.
a16z Crypto Adopts the Frontier Name and Broadens Its Focus
Andreessen Horowitz announced that a16z Crypto is becoming a16z Frontier as its new fund expands into a wider range of emerging technologies. Managing partner Chris Dixon identified opportunities around artificial intelligence, new computing devices and other businesses that may take years to develop. The firm said cryptocurrency investments and its work on crypto regulation will continue under the broader mandate.
Dune Launches Faster Data Feeds for Onchain Markets
Dune introduced a market-data service that delivers information about blockchain trades roughly one second after execution, according to its announcement. Its spot coverage spans more than 200 trading venues across 12 networks, while a separate feed covers perpetual futures on Hyperliquid and Lighter. The service supplies standardized trade details and links them to the underlying blockchain transactions.
Fireblocks Rejects Report of Acquisition Talks With Visa
Fireblocks disputed an October 22 Axios report claiming Visa was in advanced discussions to acquire the company for approximately $2.5 billion. In a response to The Block, Fireblocks said the reported talks were untrue at that time, while Visa declined to comment. The companies have announced no acquisition agreement.
#CryptonewswithJack

Crypto analyst MasterAnanda has argued that #Cardano could be approaching the end of its prolonged bear market ahead of a strong recovery.
In what he called a friendly reminder, the analyst cautioned that investors might not get another chance to buy Cardano at similarly low prices if the anticipated bullish trend materializes.
To support his outlook, MasterAnanda shared a three-day ADA/USDT chart on Coinbase. The chart highlights an extended downtrend that followed Cardano’s late-2024 rally, alongside a falling wedge and a prolonged bearish wave. It also shows a rounded-bottom formation that developed over approximately two months.
ADA Rebounds From $0.1384 Low but Faces Resistance
According to the chart, ADA recovered from a low of $0.1384 in July 2026 before climbing toward $0.28 this month. However, the cryptocurrency subsequently retreated to around $0.221, bringing it close to the $0.22 support zone highlighted in the analyst’s analysis.
MasterAnanda interprets this price action as an early recovery phase in which ADA is consolidating before potentially beginning another upward move. He believes the initial rebound was relatively modest and expects the next bullish wave to deliver a more substantial rally.
Analyst Projects ADA Could Reach $1, $2, and $3.25
MasterAnanda outlined several upside targets for ADA, with $1 representing his first major milestone. He believes the cryptocurrency could reach this level in the coming months if bullish momentum strengthens.
Beyond that, the analyst expects ADA to potentially climb to $2 in 2027, while leaving room for a move to $3.25, marking a new all-time high for the token.
However, these figures represent speculative projections rather than guaranteed outcomes. ADA would need to overcome intervening resistance levels and sustain buying pressure to reach these targets.
“Investors May Not See Current Prices Again”
Beyond his technical analysis, MasterAnanda argued that the prolonged bear market has created an opportunity that investors might not encounter again. In his view, the relatively low prices recorded throughout 2026 could become a distant memory if Cardano enters an extended bullish cycle.
He also suggested that ADA could continue appreciating for several consecutive years, potentially extending its gains into 2028 and beyond. Consequently, he encouraged investors who share his outlook to consider a long-term buy-and-hold approach.
Nevertheless, his claim that cryptocurrency markets will not experience another prolonged bear market remains speculative. Cardano continues to face broader market risks, and its ability to sustain an upward trend will depend on investor demand, market sentiment, and developments across the cryptocurrency industry.
ADA Retreats 25% From Its Recent Peak
Meanwhile, ADA has struggled to maintain the momentum behind its latest rally. Earlier this month, it climbed above $0.28, prompting several analysts to project a potential advance beyond $0.41.
However, the rally subsequently reversed, with ADA falling toward $0.21. This represented a 25% decline from its 30-day peak.
At the time of the reported figures, ADA was down 11.99% over the past seven days and ranked as the 15th-largest cryptocurrency by market cap.
Despite this weakness, some sentiment indicators continue to point to optimism surrounding Cardano.
Cardano Ranks Among Top Assets by Analyst Sentiment
In a separate development, CryptoQuant CEO Ki Young Ju highlighted Cardano among the leading crypto assets by analyst sentiment. ADA ranked fifth in the assessment, recording a positive reading of +1.2 sigma, behind Bitcoin (BTC), Solana (SOL), BNB, and Hyperliquid (HYPE).
The reported ranking suggests that analyst sentiment toward Cardano remains relatively constructive despite its recent price decline. The assessment also linked ADA’s position to its potential adoption in AI-focused payments and real-world enterprise applications.
However, positive sentiment alone does not guarantee a sustained price recovery. ADA must regain upward momentum and overcome key resistance levels before MasterAnanda’s ambitious price targets become attainable.
#CryptonewswithJack

XRP Chart Copies 2017 Bull-Run Magnitude Onto Current Setup—Here’s What the Blue Line Means.
XRP’s weekly chart shared by Patrick L Riley is drawing a direct comparison with the historic 2017 rally by copying the magnitude of that move onto the current market structure.
The blue vertical measurement is the most aggressive part of the setup: if XRP ever repeated the percentage expansion that followed its 2017 breakout, the move would extend into the hundreds of dollars.
The chart snapshot places XRP around $1.3758, while current CoinMarketCap data has the asset near $1.39.
On the weekly candle shown, XRP opened near $1.5203, traded as low as $1.3188, and was down roughly 9.5% at the time of the snapshot.
What the Blue XRP Line Actually Represents
The blue measurement is not simply adding the dollar amount XRP gained in 2017.
It is copying the percentage magnitude of the old bull run onto the newer structure.
The Crypto Basic previously tracked XRP’s historic move from around $0.005 in March 2017 to $3.31 in January 2018, an increase of roughly 66,000%.
That works out to an ending price roughly 662 times the starting level.
The latest chart places another blue vertical measurement over the current cycle, beginning around the recent $0.95-$1.00 region.
Applying a similar 662x expansion from that area would mathematically produce roughly $630-$660 XRP.
That is why the top of the blue projection reaches the neighborhood of $650 on the logarithmic scale.
This is a historical-repeat calculation, not evidence that XRP will actually reproduce a 66,000% rally.
Blue Line XRP Targets Shown on the Long-Term Chart
The chart maps several upside reference levels if XRP eventually breaks from its current compression.
The first major area is the previous cycle-high region around $3-$3.60, which price would need to reclaim before the larger projections become relevant.
Beyond that, the logarithmic channel places higher reference zones around $12 and $165.
The main green projection then extends toward roughly $650, which represents the chart’s equal-magnitude comparison with XRP’s 2017 bull run.
An even higher blue channel rail appears around the $1,300 region as the structure extends into 2027, although this is a long-term channel reference rather than a confirmed price objective.
For now, those distant levels remain secondary. XRP first needs to defend its macro support and clear the descending resistance sitting much closer to current price.
XRP Is Still Compressing Near Long-Term Support
The more immediate structure is far less dramatic.
A red ascending trendline runs underneath XRP’s long-term price action, while a descending turquoise trendline from the 2025 highs continues to press down from above.
Those two lines are converging into late 2026 and early 2027, leaving XRP inside another tightening structure.
The recent low near the $0.95-$1.00 region is therefore important. It sits close to the rising macro trendline and serves as the base from which the blue historical comparison is measured.
Closer to the current price, this week’s $1.3188 low provides the first support visible in the latest candle.
A decisive break below the rising red trendline and the recent sub-$1 area would damage the setup because XRP would lose the structural base used for the projected repeat.
XRP Still Has Major Resistance Before Any Historic Repeat
The chart also makes clear that XRP would not move directly from $1.39 into triple-digit territory.
The descending turquoise resistance line is the first hurdle. Above that, XRP would still need to recover the 2025 peak region around $3.5-$3.6 before entering genuine price expansion beyond the previous cycle highs.
The broader chart includes several parallel blue ascending rails on the logarithmic scale.
These appear to provide long-term channel references rather than clearly labeled standalone targets.
The projected green path rises sharply only after the current compression resolves, eventually approaching the upper end of the copied 2017 move.
So while the blue line draws attention because of its scale, the current technical question is much simpler: can XRP defend the $1 area and break out of the tightening weekly structure?
Without those steps, the equal-magnitude comparison remains only a historical scenario.
#CryptonewswithJack