CFTC issues prediction market advisory as Kalshi, Polymarket and Crypto.com 
expand event based trading including sports markets.
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CFTC issues advisory on prediction markets as event contracts expand

A lone green candle on XRP&#8217;s three-week chart is drawing attention from at 
least one analyst who believes it could be the start of something bigger than 
a routine bounce. Crypto analyst CW, posting on X, flagged a bullish 
candlestick formation on the XRP/USD 3W chart that he says signals the opening 
of a full-scale uptrend. One that, if his cycle analysis holds, with the setup 
pointing first to a retest of the all-time high zone and then, in an extreme 
scenario, to $21.5. New Uptrend Is Starting On The 3-Week Chart Technical 
analysis of XRP&#8217;s price action on the 3-week candlestick timeframe chart is 
revealing an interesting signal. The signal itself is straightforward: a green 
candlestick has been printed on XRP&#8217;s three-week chart at a time when the 
price is sitting just above $1.38. Related Reading: Analyst Maps Out XRP’s 
Exact Path For 2026, Here’s The Roadmap The analysis comes from crypto analyst 
CW, and according to this projection, this could be the first bullish wick 
that shows sellers are losing control on this higher timeframe. It is 
important to note that the rally hasn&#8217;t kicked off yet, and XRP is still 
looking to solidify a break above $1.4. Also, indicators are yet to print 
full-scale uptrend signals, but according to the analyst, these bullish 
reversal signals will appear soon. Those sub-indicators are visually 
consistent with a momentum oscillator cycling between oversold and overbought 
extremes shown in the chart below. They have printed blue dots at every 
significant XRP low since 2014, including the floors that preceded the 2017 
and 2021 rallies. A new blue dot appears to be forming now. Multi-Phase Cycle 
That Sends XRP Price To $21.5 The chart attached to the analysis lays out two 
cycle structures divided into four separate phases. In the first cycle, Phase 
1 was the initial markup, Phase 2 a massive correction, Phase 3 a prolonged 
descending consolidation inside a symmetrical triangle, and Phase 4 was a 
breakout. Related Reading: XRP Starts New Week With Bullish Confirmation, But 
This Level Is A Problem The technical analysis places the current cycle as 
tracing the same sequence almost precisely. Phase 2 printed as the post-2021 
bear market decline, Phase 3 as the multi-year compression between 2022 and 
2024, and the surge to $3.65 as the first part of Phase 4 in the new cycle. 
XRP is now, by this reading, still playing out Phase 4 into a move that 
overshoots everything that came before, despite being down by about 62% from 
its all-time high price. Interestingly, the chart also labels the first upside 
objective as a return to this all-time high. Therefore, before any talk of 
double-digit prices, XRP would first need to reclaim the zone around its prior 
record of $3.65. CW’s final projection is a cycle top at $21.5, which he ties 
to the Fibonacci 6.618 extension level. That level is marked as TP2 on the 
chart, with the all-time high zone serving as TP1. Featured image from Adobe 
Stock, chart from Tradingview.com

First Bullish Wick Appears On XRP Weekly Chart, And This Analyst Says It Will Send Price To $21.5

Federal Deposit Insurance Corporation plans to propose rules that would 
exclude stablecoins from pass-through insurance coverage, highlighting a 
regulatory divide between tokenized deposits and payment stablecoins. The 
Limits of Pass-Through Protection Federal Deposit Insurance Corporation (FDIC) 
Chairman Travis Hill said the agency plans to propose rules that would 
explicitly exclude payment stablecoins from its pass-through […]

FDIC Chairman Proposes Excluding Payment Stablecoins From Pass-Through Insurance

The startup’s smartphone-based biometric system aims to help crypto platforms 
detect AI-generated accounts while preserving user privacy through onchain 
verification.

Polychain backs VeryAI’s $10M raise to build palm-scan identity system on Solana

Tesla converts its xAI investment into a small SpaceX stake as Elon Musk 
restructures his companies ahead of the rocket makers planned IPO.
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Cryptocurrency price in GBP