XRP surged 15 percent in a day, breaking above a long-term downward trendline that has capped prices since July 2025. It rebounded to around $1.26 after sliding to $0.98 last week, according to The Crypto Basic. Analysts pointed to a weekly-chart breakout and a daily close at $1.10 above the 50-day exponential moving average. They said the $1.10 to $1.15 area is key for confirming a longer-term shift.

Cryptocurrency trader Michael XBT, who is known for predicting bitcoin’s 2022 bottom, has again warned of the possibility of a further steep drop. He said bitcoin has already fallen about 12 percent on a weekly basis, but the next leg down could be harsher. Citing a long-term chart support line, he said a clear break could trigger liquidations similar to the market collapse seen after the 2022 FTX liquidation episode. He also disclosed gains on a leveraged short position.