PsiQuantum co-founder Terry Rudolph said in July it has no plans to attack 
Bitcoin, even if its upcoming facility becomes powerful enough to break the 
blockchain’s cryptography.

Construction begins at quantum facility big enough to break Bitcoin

XRP recorded a sharp rebound of roughly 5% as the broader crypto market 
experienced a brief wave of relief following weeks of persistent volatility. 
The move comes after a difficult February for digital assets, a period defined 
by escalating geopolitical tensions and a macroeconomic environment that has 
continued to deteriorate. Despite these pressures, several large-cap altcoins 
have demonstrated relative resilience, with XRP among the assets managing to 
stabilize near key technical levels. Related Reading: The Quiet Accumulation: 
13,500 Bitcoin Leaving Binance Signals A Strategic Whale Pivot at $66,000 
According to analysis shared by top analyst Darkfost, derivatives data reveal 
a particularly notable shift in market positioning. Funding rates for XRP on 
Binance have recently moved into deeply negative territory while the asset 
traded within a range between $1.35 and $1.50. Negative funding rates 
typically indicate that short positions dominate the derivatives market, 
meaning traders betting on further downside are paying a premium to maintain 
those positions. This dynamic highlights the extent of bearish sentiment 
currently surrounding the asset. Even after XRP has already undergone a 
significant correction of approximately 60% from previous highs, a large 
portion of derivatives traders continue to position on the short side. Extreme 
Negative Funding Rates Could Signal Short-Term Rebound Darkfost explains that 
this type of market configuration often functions as a contrarian signal 
within derivatives-driven environments. When market consensus becomes 
excessively aligned in a single direction, historical patterns show that price 
action frequently moves against the majority’s expectations. In the case of 
XRP, the deeply negative funding rates observed on Binance suggest that a 
large share of traders is currently positioned on the short side of the 
market. When this imbalance grows too pronounced, it can create the conditions 
for a short squeeze or a corrective rally, as traders betting on further 
downside are forced to close positions if the price begins to move upward. 
Historical data support this interpretation. Previous periods where XRP 
funding rates reached similarly extreme negative levels have often been 
followed by short-term rebounds. These moves tend to occur when the market 
becomes overcrowded with bearish positioning, leaving the price vulnerable to 
sharp upward adjustments once selling pressure begins to fade. While extreme 
funding conditions can indicate a temporary imbalance in positioning, they do 
not necessarily guarantee the beginning of a sustained bullish trend. Instead, 
this setup may represent a constructive signal for investors seeking potential 
entry zones or opportunities to gradually build exposure as market conditions 
stabilize. Related Reading: The $11,000 Deficit: Why the Record $8.9B Bitcoin 
ETF Drawdown Is Paralyzing Wall Street’s BTC Appetite XRP Trades Near Key 
Support After Prolonged Downtrend The chart shows XRP trading near $1.43 after 
an extended correction that has significantly altered its broader market 
structure. Since peaking above the $3.50 region in mid-2025, the asset has 
entered a clear downtrend characterized by lower highs and persistent selling 
pressure. This structural shift became more evident as XRP lost the support of 
its key moving averages, which now act as overhead resistance. Price is 
currently trading well below the 50-period and 100-period moving averages, 
while the 200-period average sits even higher near the $2 zone. This 
configuration reflects a market where bullish momentum has largely faded, with 
buyers struggling to reclaim higher levels. Each rebound attempt over recent 
months has failed to break through resistance, reinforcing the prevailing 
bearish structure. Related Reading: The Quiet Accumulation: 13,500 Bitcoin 
Leaving Binance Signals A Strategic Whale Pivot at $66,000 However, the chart 
also highlights the emergence of a consolidation phase between approximately 
$1.30 and $1.50. This range developed after a sharp capitulation move in early 
2026, when XRP briefly dipped close to the $1.20 area before stabilizing. For 
XRP to shift toward a more constructive structure, the price would likely need 
to reclaim the $1.60–$1.80 region and break above its short-term moving 
averages. Otherwise, the current range could continue acting as a base while 
the market searches for direction. Featured image from ChatGPT, chart from 
TradingView.com

The $1.35 Floor: How Extreme Negative Funding Is Priming XRP For A High-Velocity Trend Reversal

Rising tension between Wall Street banks and crypto platforms is fueling 
debate over savings yields, with Eric Trump accusing major U.S. banks of 
lobbying to block stablecoin products that could offer Americans far higher 
returns. Eric Trump Criticizes JPMorgan, Bank of America, Wells Fargo Over 
Efforts to Block High-Yield Crypto Products The debate over banking […]

Eric Trump Says Big Banks Block Crypto Yield Products to Protect Profits From Low Savings Rates

Federal banking regulators on Thursday said tokenized securities should 
generally receive the same capital treatment as their traditional 
counterparts, reinforcing that existing bank capital rules remain technology- 
neutral even when blockchain enters the chat. OCC, FDIC, and the Federal 
Reserve Release Guidance on Tokenized Securities for Banks The clarification 
arrived through a joint release from three […]

Federal Banking Agencies Clarify Capital Rules for Tokenized Securities, Signaling Tech-Neutral Approach

A crypto analyst&#8217;s Elliott Wave chart suggests XRP could be on the verge of 
one of its most explosive moves yet, but the real fireworks depend on where 
exactly we are in the cycle. In a post on X, crypto analyst HovWaves said his 
macro primary expectation is still the same, adding that he has been looking 
for a $15-$20 price target for XRP and that the destination does not change 
even if the current structure turns out to be a different corrective leg than 
first assumed. The $15-$20 Target That Hasn&#8217;t Changed XRP’s price action since 
the start of the year has hardly resembled that of an asset preparing for an 
explosive move into double-digit territory. Even so, the lack of strong upward 
price momentum has not discouraged many bullish proponents from maintaining 
extremely optimistic projections based on technical and fundamental analyses. 
Related Reading: XRP Price Turns Completely Bearish, But Is A Crash To $1 
Still Possible? One such analyst is HovWaves, who has been consistent in his 
projections. In a recent post on X, the analyst wrote: &#8220;Macro primary 
expectation remains the same for XRP. Been looking for that 15-20 macro 
target.&#8221; The basis of HovWaves’ prediction is that the Elliott Wave label on 
the XRP price chart can change, but the larger price objective of double 
digits stays on the table. He looked at the current XRP structure as a choice 
between a smaller-degree pullback and a deeper corrective phase, stating that 
the price action could either be a 4th on the immediate degree or a deeper 
Wave 2. That matters because Wave 2 and Wave 4 corrections can look similar in 
real time, but they usually imply different upsides once the correction ends. 
HovWaves also added a key condition: if the market is actually carving a Wave 
2, then the final target will likely be much higher. This is interesting 
because it means that the $15 to $20 bracket could be a waypoint if the bigger 
impulse thesis plays out. Bi-Weekly Elliott Wave Count Points To Final Impulse 
The chart features an Elliott Wave count stretching all the way back to 2013. 
In it, HovWaves shows a completed five-wave impulse structure from XRP&#8217;s 
earliest days through its 2018 peak at $3.4, followed by a lengthy corrective 
phase. This was a sprawling ABC correction that bottomed out in 2020 before a 
new impulse began taking shape. Related Reading: XRP Mirrors The Russell 2000, 
What This Means And Why It’s Important The wave structure currently in focus 
is a five-wave advance from that 2020 low. Waves 1 and 2 look complete, and 
Wave 3 culminated in the July 2025 all-time high at $3.65. According to the 
chart, XRP is now working through a Wave 4 consolidation with a downtrend and 
intermediate choppy phases before what would be the final fifth wave launch to 
a peak between $15 and $20. At the time of writing, XRP is trading at $1.43, 
and traders are anticipating a break above $1.50. Featured image from Adobe 
Stock, chart from Tradingview.com

Cryptocurrency price in NZD