Crypto&#8217;s reaction to geopolitical news highlights its growing role in global 
finance, but extreme market fear suggests volatility persists.
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Trump’s Iran diplomacy post jolts crypto markets higher as equities wobble

Cardano founder Charles Hoskinson says years of marketing and propaganda have 
left the XRP community having trouble thinking critically. The CLARITY Act 
Controversy Cardano founder Charles Hoskinson lashed out at the XRP community, 
calling its members “evil” and accusing them of lacking critical thinking 
skills. While he expressed support for Ripple in its battle with […]

Incapable of ‘Critical Thinking’: Hoskinson Blasts the XRP Community

XRP is approaching what market commentator Will Taylor describes as a critical 
technical inflection point, with a tightening descending wedge, oversold 
weekly momentum and a lopsided liquidation profile all pointing to a market 
that may be close to exhausting the downside. That is the core XRP takeaway in 
The Weekly Insight – Week 188, where Taylor argued that while crypto may still 
face one final flush lower, XRP is already trading in a zone that has 
historically aligned with major lows. XRP May Be Close To A Bottom Taylor 
framed the XRP setup against a broader macro backdrop that remains fragile 
but, in his view, not broken. In the same note, he argued the S&amp;P 500 may 
still need to complete a deeper correction, volatility could rise further, and 
crypto altcoins may have “one more small dip” left before a more durable 
bottom forms. Even so, he suggested the market is already close enough to 
prior cyclical lows that downside from here may be limited relative to the 
potential upside. Related Reading: 3 Reasons XRP Rallies Stall — What Must 
Change For A Sustained Recovery For XRP specifically, the focus was on 
structure. Taylor said he has been tracking “a potential descending wedge or 
parallel channel” on the weekly chart, with the key question now being whether 
XRP still needs “one more pullback into the bottom of that channel” into the 
$1.10 region or whether it can begin breaking higher from current levels and 
reclaim support on the way up. He tied that pattern to momentum signals that, 
in his reading, are starting to look familiar. “This is on the weekly 
timeframe, and the weekly RSI has been touching the oversold area, just as it 
did at the absolute lows in 2022 during the bear market,” Taylor wrote. “So 
there are a few indicators here that are suggesting we are very close to the 
lows, if not already there.” That matters because Taylor is not presenting XRP 
as an isolated chart. In the newsletter, he argued the broader crypto market 
is already trading near levels that, on weekly RSI measures, have historically 
marked either outright bottoms or zones within roughly 10% to 15% of them. In 
that context, XRP’s wedge is being read less as a standalone pattern and more 
as part of a market-wide compression phase that could be nearing resolution. 
Related Reading: XRP Needs Higher Prices To Handle Bank-Scale Flows, Jake 
Claver Argues The more distinctive part of the XRP thesis came from 
liquidation data. Taylor wrote that if XRP were pushed higher toward $3.60, 
more than $320 million in short positions would be liquidated. By contrast, a 
move down toward $0.39 would liquidate roughly $130 million in longs. That 
imbalance, in his view, creates a cleaner incentive to run price upward rather 
than lower. “And if we pair this up with the amount of liquidity that we can 
see for XRP, cumulatively, if price is pushed up towards $3.60, we would 
liquidate over $320 million worth of shorts,” he wrote. “But if price is 
pushed down towards $0.39, it would only liquidate around $130 million worth 
of longs. So from a liquidity perspective, the opportunity for market makers 
and exchanges is clearly to the upside.” That argument leans on the idea that 
once the current period of macro stress passes, XRP’s positioning could 
amplify any recovery. Taylor added that open interest is “reinforcing that 
view,” suggesting leveraged participation has not yet undermined the bullish 
setup. The caveat is timing. Elsewhere in the newsletter, Taylor said he still 
expects one more modest dip across crypto before the market fully turns, and 
he linked the broader bottoming process to macro developments that could play 
out over the next four to six weeks. For XRP, that leaves two plausible paths: 
a final sweep toward the lower boundary of the wedge, or an earlier breakout 
that confirms the pattern without a deeper retest. At press time, XRP traded 
at $1.35. Featured image created with DALL.E, chart from TradingView.com

XRP Nears Key Turning Point As Descending Wedge Tightens

AI music licensing breaks on remixes and ownership. Blockchains embed smart 
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Tokenization startup Midas&#8217;s Series A round was led by RRE and Creandum to 
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