Interesting.. $XRP has just printed the first monthly bearish supertrend flip since 2018. This marks only the third time this signal has printed in history. During 2014, when the trend flipped it marked the cycle bottom. During 2018, it was the opener to a deeper drop. 2026? 🤔
When every asset class dumps simultaneously it's not a market rotation it's a margin call. The money isn't going anywhere, it's being destroyed to cover leverage that never should have existed. Cash isn't king right now, it's just the last man standing in a room full of forced sellers.
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$FLR
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Saylor selling Bitcoin
People jumping ship on Ethereum
Hoskinson loses control of ADA
One positive announcement after the other for the XRP Ledger
XRP Time!
Bitcoin decoupling from the Nasdaq at exactly the wrong moment isn't a bug it's an unresolved question about what Bitcoin actually is. Store of value, risk asset, or something else entirely. The $140K ghost price is the cost of that identity crisis, and it will get resolved violently in one direction when it does.
ripple:native however looks COMPLETELY different.
Look at the ripple:native hourly liquidity. What we can see is that we've now swept the dense liquidity around $1.27 that we've been discussing and traded all the way down into the $1.20 level that we covered in depth on yesterday's YouTube video.
What's particularly interesting is that this structure closely resembles the pattern $XLM has been forming, which we've been discussing throughout the week. If that comparison is valid, then ripple:native may already be further along in its downside liquidity sweep than Bitcoin is.
When you compare the liquidity pools on both assets, ripple:native structurally looks ahead of Bitcoin's move lower. And if you combine that with the similarities to $XLM's recent price action, plus the fact that $XLM and ripple:native have historically moved closely together, the setup starts to become quite interesting.
It's still too early to call anything definitively, but from a liquidity perspective, XRP appears to have already achieved something that Bitcoin may still be working towards. If that's the case, the risk-reward for XRP from these levels becomes increasingly compelling.
Finally, while there is still some liquidity resting below XRP and we certainly can't rule out a sweep of the $0.97 liquidity zone, the bigger picture remains interesting.
If you look at the daily timeframe, there is significant liquidity sitting above current price, and that liquidity continues to build. The setup is remarkably similar to the structure XLM formed before its recent move, something we've compared extensively on both YouTube and X. It's also comparable to the structure XRP was building before its breakout in November 2024.
That's why I think it's worth paying close attention to altcoins here. While Bitcoin dominance is pulling back and Bitcoin itself may continue to retrace, many altcoins are starting to look very different both structurally and from a liquidity perspective.
Whether that ultimately leads to an immediate breakout or requires more consolidation first remains to be seen, but the divergence between Bitcoin and parts of the altcoin market is becoming increasingly difficult to ignore.