An analysis says XRP is again forming a structure that has appeared before sharp rallies. Market analyst Chart Nerd said XRP could dip once more to a long-term rising trendline and then rebound, putting a potential bottom zone at $0.70 to $0.90. He flagged a break below a weekly bull market support band as a key variable and said XRP is compressing in the $1.30 to $1.50 range. He set a Fibonacci-based long-term target of $27 if XRP clears its $3.60 prior high, but said it may first make a new cycle low and retest the trendline.

Crypto exchange Kraken filed nearly 56 million cryptocurrency transaction reports with the U.S. Internal Revenue Service for the 2025 tax year, it said, with many tied to very small transactions. It said 18.5 million reports were for transactions under $1 and more than half were $10 or less. Kraken said the current system forces taxpayers to reconcile incomplete data and can raise compliance costs, and it called for changes to de minimis exemptions and staking taxation.