TheCrypto'J'

Founder of The Crypto Basic (@thecryptobasic)

[TheCryptoBasic @thecryptobasic]

$XRP Repeats Historical Bull-Trap Structure as Weekly Price Tests $1.70.

XRP’s weekly structure is repeating a sequence visible in two earlier market cycles: major decline, aggressive rebound, failed recovery, extended range, and finally a durable base before the next large expansion.

The important point in the current chart is that the $0.98 low should not automatically be classified as XRP’s final cycle base. Based on the historical structure, XRP is still in the rebound/testing portion of the cycle.

In the first historical sequence, XRP recorded an approximately 103.78% rebound following its initial decline. That recovery did not develop directly into a sustained markup. Price rolled over and eventually entered a much longer consolidation around $0.20–$0.40.

That lower range became the more important structural base. The subsequent expansion produced the chart’s approximately 16x advance.

The second sequence followed a comparable pattern. XRP initially recovered approximately 76.42%, but that rebound also failed to establish a sustained uptrend. XRP Price returned toward a lower trading range and spent considerable time building a base.

Only after that consolidation was completed did the larger expansion occur, producing the approximately 10x move highlighted on the chart.

The present cycle began with XRP falling from above $3 toward approximately $0.98. From $0.98, XRP then rebounded approximately 72.79%, carrying the weekly price toward $1.69–$1.70.

The percentage is notable because the current 72.79% rebound is already approaching the magnitude of the previous 76.42% recovery. Both are substantially below the earlier 103.78% rebound, but all three demonstrate that XRP can produce very large countertrend advances before a longer-term base is established. #Ripple
https://t.co/G6zXg3Ojru

[TheCryptoBasic @thecryptobasic]

$IONQ Inc.’s public warrants are entering their final trading days before a Sept. 30 expiration, with the company’s common stock trading at nearly four times the warrants’ $11.50 exercise price.

IonQ shares were most recently quoted at $45.17 in overnight trading at 12:36 a.m. EDT Wednesday on the Blue Ocean ATS, about $33.67, or 292.8%, above the public warrants’ exercise price. IONQ had closed Tuesday’s regular session at $40.74, up 0.57%, before ending the after-hours session at $45.70, a 12.17% gain from the regular close.

The extended-hours rally followed IonQ’s Tuesday announcement of a real-time quantum error-correction decoder. The approaching warrant expiration is a separate event that IonQ disclosed in August, and there is no evidence that the warrant deadline drove Tuesday evening’s stock move

IonQ said its NYSE-listed public warrants, which trade under IONQ WS, will expire on Sept. 30. Each warrant gives the registered holder the right to purchase one IonQ common share at an exercise price of $11.50.

The warrants will stop trading before the NYSE opens on Sept. 29, a step IonQ said is intended to allow timely settlement of exercises before expiration. IonQ common shares will continue trading normally on the NYSE under the IONQ ticker after the warrants expire.
https://t.co/B7FHXUdzek

[TheCryptoBasic @thecryptobasic]

#Cardano founder Charles Hoskinson has revealed plans for a major project in Texas that he says will be the biggest project of his career.

During a recent YouTube AMA, Hoskinson said he was traveling to Texas to work on the project and planned to announce it publicly before the end of 2026.

He described the project as “world-changing” and said it will be bigger than Cardano because it involves “terraforming the whole planet”.

“I’m flying down to Texas for a special project; hopefully we’ll be able to announce that publicly this year. It’s the biggest thing I’ve ever done; it’s world-changing, bigger than Cardano.”

Meanwhile, Hoskinson did not reveal what the project is or exactly when the announcement will take place.

The project may involve technology, biotechnology, energy, infrastructure, climate or another field, especially given his reference to “terraforming the whole planet.”
https://t.co/SJq0VXiYNf

[TheCryptoBasic @thecryptobasic]

$XRP has staged a notable recovery this week, and Black Swan Capitalist co-founder Vandell Aljarrah is warning late buyers against chasing the rally.

In his view, another pullback will create a better entry point.

“If you haven’t accumulated the amount you wanted, don’t let this move lure you in,” Aljarrah said.

Notably, XRP is trading at $1.61 at press time, up 6.68% over the past 24 hours. The crypto has gained 24% over the past week and 9% over the past month, although it remains down about 12% year-to-date.

XRP’s latest price recovery follows a volatile move that began with the token falling to $0.978 in August.

The decline marked a low point before XRP broke above $1.70 in the third week of August. The move from the August low to the subsequent high was roughly a 72% gain.

However, XRP later gave back part of those gains, falling 26.6% to approximately $1.2468. The token has since recovered, climbing back above $1.60 after trading near $1.65 on Tuesday evening.

Aljarrah expects the recent rebound to be followed by another decline, giving investors who missed the earlier move another opportunity to enter.
https://t.co/xpCqQp5Jmq

[TheCryptoBasic @thecryptobasic]

$XRP Breaks Above $1.60 as Whale Transactions and New Wallet Activity Surge.

Santiment’s chart shows XRP reaching the $1.60 area as the number of transactions valued at more than $100,000 climbed to 1,917, representing the strongest high-value transaction activity in roughly a month.

The increase in whale transactions measures activity rather than direction. The data does not establish whether the transactions represented accumulation, selling, transfers between wallets, or other movements.

Network growth also increased during the price move. Santiment recorded 3,647 newly created XRP wallets, indicating that the latest advance coincided with an influx of new addresses rather than activity being limited to existing wallets.

The latest market activity comes as the XRP Ledger’s financial infrastructure has also expanded. According to the supplied data, tokenized-asset and RLUSD balances on XRPL recently reached approximately $4.26 billion, while Ripple reports roughly $2.4 billion of RLUSD in circulation.
https://t.co/wx97PmertM

[TheCryptoBasic @thecryptobasic]

Tesla’s #Bitcoin Holdings Approach $1 Billion After $BTC’s 14% Weekly Rise.

The electric vehicle manufacturer holds 11,509 BTC, currently valued at approximately $994.90 million, based on the figures provided. The value of the position increased by about $122.62 million in one week as Bitcoin rose roughly 14%.

The weekly increase reflects the higher market price of Bitcoin rather than a new purchase or realized profit.

The latest 14% weekly Bitcoin increase has consequently pushed Tesla’s position close to ten figures. Based on the supplied valuation, the company’s 11,509 BTC are now worth about $994.90 million, compared with approximately $872.28 million a week earlier.

The roughly $122.62 million difference is an increase in the market value of the holdings, rather than cash generated or realized profit from selling Bitcoin.
https://t.co/9x1gDNK0ds

[TheCryptoBasic @thecryptobasic]

Ash Crypto Sets $XRP Target at $10 as He Predicts Major Crypto Market Rally.

Crypto commentator Ash Crypto, who has approximately 2.1 million followers on X, has published a new set of crypto price targets that includes XRP reaching $10.

In his latest market outlook, Ash Crypto said he is aiming for $10 for XRP, while placing substantially higher targets on several other major cryptocurrencies. His projections include Bitcoin at $250,000, Ethereum at $10,000, and Solana at $1,000.

The $10 XRP forecast represents one of the largest moves included in Ash Crypto’s outlook when compared with XRP’s current price.

With XRP recently trading around $1.64, a rise to $10 would require an increase of approximately 510%. Put another way, XRP would need to trade at roughly 6.1 times its $1.64 price to reach Ash Crypto’s stated target.

Ash Crypto did not provide a specific date for XRP to reach $10 in the statement provided.

He characterized the current market environment as the beginning of what he expects to become the largest crypto bull run in history. That characterization represents his market outlook rather than an established market outcome. #Ripple
https://t.co/8Oi0AgXmag

[TheCryptoBasic @thecryptobasic]

#ShibaInu has rallied following positive developments surrounding Shibarium, but activity on the L2 blockchain remains significantly below its previous highs.

Mazrael, a Shiba Inu proponent, recently shared an update concerning the network’s migration. According to Mazrael, Kaal Dhairya, a major member of the ecosystem team, confirmed that the development team had resolved Shibarium’s reorganization issue.However, one step remains. Mazrael said there is still a need for the DRPC to complete the transition.

Days after the Shibarium update emerged, Shiba Inu climbed above $0.000006 and reached a multi-week high of $0.000006254.

The broader market rally appears to have provided the primary catalyst for SHIB’s move. As a result, some market participants expected the renewed interest in $SHIB and the progress on Shibarium to translate into higher Layer-2 activity. The latest data portrays a different picture.

At press time, Shibarium was processing only around 1,680 daily transactions. That figure represents a 99.96% decline from the 4.69 million daily transactions the network recorded on August 21, 2025.

The Layer-2 network also recorded significantly higher activity during its early months following its 2023 launch. At the time, Shibarium frequently processed around 4 million transactions per day.
https://t.co/bEx05s3obG

[TheCryptoBasic @thecryptobasic]

Advanced Micro Devices Inc. (NASDAQ: $AMD) entered the $1 trillion market-capitalization club for the first time on Monday as a broad rally in artificial-intelligence semiconductor stocks lifted the chipmaker to a record high.

AMD shares jumped 9.95% to close at $615.52 on Monday, Sept. 21, after reaching a new 52-week and all-time intraday high of $616.69. The move made AMD the fourth U.S. chipmaker to cross the $1 trillion threshold, following Nvidia, Broadcom, and Micron.

The stock pulled back in early Tuesday trading, changing hands at $608.99 at 05:40 a.m. ET, down 1.06% in premarket trading, according to Yahoo Finance.

Monday’s rally came amid renewed buying in AI infrastructure stocks after Meta Platforms’ Muse AI agent climbed to the top of Apple’s free-app rankings. Bloomberg reported that the development helped lift shares of companies exposed to server CPUs used in agentic-AI workloads, including AMD, Intel and Arm.
https://t.co/LX6jKZhPUm

[TheCryptoBasic @thecryptobasic]

Market veteran Dan Gambardello has urged traders not to write off #Cardano as $ADA approaches a potentially important technical breakout.

Cardano started the week on a positive note as the broader cryptocurrency market staged a recovery. ADA climbed from an intraday low of $0.23 to around $0.25, strengthening its recent rebound despite the token’s significant decline over the past several months.

According to Gambardello, ADA could reach $0.40 “in an instant” if it escapes its current technical structure. His comment highlights the importance of the resistance levels ADA is currently testing and the possibility of a stronger rally if the token breaks above them.

The accompanying chart shows ADA trading around $0.241 while testing an ascending yellow trendline that has recently acted as resistance. Recent candles have moved above the trendline, suggesting that buyers are attempting to push the token into a stronger position above this level.

Meanwhile, ADA has recovered significantly from its recent low near $0.14 and has formed a series of higher lows. The blue moving average has also turned upward and remains below the current price, indicating that short-term momentum has improved.

Nonetheless, ADA still faces resistance from the longer-term red moving average, which continues to trend downward from higher levels. Therefore, a sustained break above these resistance areas could play an important role in determining whether ADA can extend its recovery.
https://t.co/YABnr3VbqP

[TheCryptoBasic @thecryptobasic]

Novo Nordisk (NYSE: $NVO) shares suffered their sharpest decline in months after the drugmaker’s long-term strategy failed to ease concerns about slowing growth, pricing pressure, and its reliance on semaglutide,

This came even as fresh Phase 3 data gave investors a more favorable look at next-generation obesity candidate CagriSema.

Novo’s U.S.-listed shares closed 7.96% lower at $39.80 on Monday, Sept. 21, down from $43.24 in the previous session. Trading volume reached about 49.34 million shares, more than four times its roughly 12 million-share average, underscoring the intensity of the reaction.

The decline stood out against a strong day for the broader U.S. market. The S&P 500 advanced 1.49% Monday, while the Nasdaq Composite closed at a record high, suggesting the pressure on Novo was primarily company-specific rather than part of a broad risk-off move.

The selloff followed Novo’s Capital Markets Day in London, where management laid out its ambitions through 2030 but stopped short of providing the level of growth acceleration some investors had hoped for.

The investor-day weakness came despite encouraging new CagriSema results.

Novo said the REIMAGINE 5 Phase 3 trial tested once-weekly CagriSema at 1.0 mg of cagrilintide plus 1.0 mg of semaglutide against tirzepatide 5 mg in adults with type 2 diabetes inadequately controlled by existing therapy.

At week 60, patients receiving CagriSema lost an estimated 12.4% of body weight, compared with 9.1% for tirzepatide. CagriSema reduced HbA1c by 1.71 percentage points versus 1.67 points for tirzepatide, satisfying the non-inferiority objective for glycemic control.
https://t.co/iqiLBewTOX

[TheCryptoBasic @thecryptobasic]

Moscow Exchange $XRP Perpetual Futures now live as Crypto Derivatives Lineup Expands.

Moscow Exchange (MOEX) has launched its new XRPUSDF perpetual futures contract, expanding its cryptocurrency derivatives offering with an instrument tied to the Moscow Exchange Ripple Index (MOEXXRP).

Trading was scheduled to begin on September 22, 2026, alongside four other new crypto index perpetual futures.

The development follows our previous report on MOEX’s September 16 announcement, when the exchange disclosed plans to introduce perpetual contracts linked to Bitcoin, Ether, Solana, XRP, and TRON.

The MOEX data shows the underlying Ripple Index at 1.5148, with a displayed increase of 1.30%.

The other contracts introduced in the same rollout are BTCUSDF for Bitcoin, ETHUSDF for Ether, SOLUSDF for Solana and TRXUSDF for TRON. Access to all five instruments is restricted to qualified investors. #Ripple
https://t.co/Czng0MFmsd

[TheCryptoBasic @thecryptobasic]

#ShibaInu has rebounded above $0.0000057, but its token-burning activity has dropped sharply, creating a notable divergence between #SHIB’s price recovery and its recent supply reduction.

Shiba Inu is benefiting from the broader crypto market recovery led by Bitcoin, which has surpassed the $83,000 mark. Against this backdrop, SHIB has posted a strong recovery, gaining more than 6% over the past 24 hours. The move pushed the token to a multi-week high of $0.000005720.

For context, SHIB last traded around these levels on August 25, when it reached an intraday high of $0.000005739. Therefore, the latest rally has returned SHIB above the $0.0000057 threshold after the token experienced significant weakness in recent weeks.

However, SHIB’s price recovery has not translated into stronger burn activity.

According to Shibburn data, the Shiba Inu burn rate plunged 90.69% over the past 24 hours. During that period, the community removed just 6.72 million SHIB from circulation, worth $37 at the current price.

This figure represents a sharp decline from the more than 72.18 million SHIB burned during the preceding 24-hour period.

Notably, a single transaction accounted for the entire 6.72 million SHIB burned during the latest period. A Coinbase user initiated the transaction more than 14 hours ago, while the burn contract has recorded no additional community burns since then.
https://t.co/yq6fOhYy6M

[TheCryptoBasic @thecryptobasic]

$XRP exchange data showed an unusual spike during the week ending Sept. 20, as more tokens flowed into Binance.

Notably, Binance recorded average XRP inflows of 21,718,631 tokens per day, which stood 663% above the quarterly baseline.

However, the increase did not continue throughout the week. Most of the activity came from three sessions that also fell around major regulatory and economic events.

For context, the weekly data show no recorded XRP inflows on Sept. 12, 15, 18, or 19. In addition, Sept. 20 also had no recorded price, open interest, funding, or transaction data.

This left three sessions responsible for most of the weekly average. Specifically, XRP inflows reached 91.2 million tokens on Sept. 11, 44.5 million on Sept. 16, and 41.7 million on Sept. 17.

Interestingly, the Sept. 16 and 17 inflow spikes came just after two major events. On Sept. 15, the U.S. Senate failed to move the Clarity Act forward after a 49-50 procedural vote. The bill sought to establish formal regulatory definitions for digital assets, including XRP.

Also, the Federal Reserve raised the federal funds target range by 25 basis points to 3.75%-4.00% on Sept. 16. The move marked the Fed’s first rate increase since 2023. Meanwhile, the 10-year Treasury yield closed the period at 4.96%.

XRP fell toward $1.27 during the Federal Open Market Committee session before recovering to close at $1.410 on Sept. 19. This makes the timing of the September 16 and September 17 inflows notable.

One possible explanation, though the data do not confirm it, is that traders or large holders moved XRP between exchanges while adjusting their positions around the rate decision instead of preparing for outright selling.
https://t.co/fxnpz7MKJr

[TheCryptoBasic @thecryptobasic]

Crypto in America host Eleanor Terrett has highlighted the growing social media hype surrounding projections that $XRP could eventually reach $1,000.

Terrett noted that her X feed had become dominated by debates over the failed CLARITY Act and bullish posts promoting the $1,000 XRP price target. Meanwhile, the projection gained renewed attention across X over the weekend.

The latest wave of speculation intensified after EasyA co-founder Dom Kwok suggested that an XRP price of $1,000 is now more plausible than ever.

Although Kwok’s latest post did not explicitly mention XRP, he has previously promoted the $1,000 target, including in April. As a result, his latest comments reignited discussion among both XRP proponents and critics.

Jake Claver, Chairman of Digital Ascension Group, also reacted to Kwok’s comments. He said he would pay attention to the prediction because of Kwok’s professional background and experience.

Similarly, other XRP supporters pointed to Kwok’s résumé, including his reported experience at Goldman Sachs and Circle and his involvement with EasyA. They argued that his background gives greater weight to his latest comments about XRP potentially reaching $1,000. #Ripple
https://t.co/pQ1KZpxxSB

[TheCryptoBasic @thecryptobasic]

$XRP Outperformed #Bitcoin During August 2026 Crypto Market Recovery, CoinMarketCap Data Shows.

XRP recorded a substantially larger percentage gain than Bitcoin during the major crypto market recovery in the second half of August 2026, according to historical price data from CoinMarketCap.

The outperformance was not limited to the August recovery window. Across the full month, XRP rose from $1.0605 on July 31 to $1.3790 on August 31, producing a gain of approximately 30.0%.

Bitcoin increased from $62,813.75 to $78,548.63 over the same period, representing a gain of approximately 25.1%.

That means XRP outperformed Bitcoin by roughly 5 percentage points during August, based on CoinMarketCap’s month-end snapshots.
https://t.co/9SaBGnCbdt

[TheCryptoBasic @thecryptobasic]

For the first time in 45 weeks, #Bitcoin has closed above its 50-week moving average, following a 29% price increase over the past 35 days.

According to data from Galaxy Research, Bitcoin finished the week ending September 20, 2026, at $81,159, compared with a 50-week moving average of $78,786. That placed the weekly close approximately 3% above the long-term average. Bitcoin’s 200-week moving average stood at $65,487, about 23.9% below the latest weekly closing price.

The September 20 close ended a prolonged period below the 50-week average. Bitcoin’s previous weekly close above the indicator occurred on November 9, 2025, followed by 44 consecutive weekly closes below it.

The moving-average reclaim follows a substantial recovery in Bitcoin’s price. BTC has risen approximately 29% over 35 days, climbing from around $62,900 in mid-August to more than $81,000 by September 20.

Galaxy Research’s historical analysis found that Bitcoin’s 50-week moving average has frequently acted as resistance during previous bear-market periods.

Galaxy’s historical review found 13 occasions since 2011 when Bitcoin regained its 50-week moving average, with BTC avoiding a new market low in 11 cases.
https://t.co/4wqIuQ4ara

[TheCryptoBasic @thecryptobasic]

#Ripple is expanding the $XRP Ledger’s role in AI-powered payments by adding support for XRP and $RLUSD to the Machine Payments Protocol, an open payment standard developed by Stripe and Tempo.

The integration arrives through version 1.1 of the XRPL AI Starter Kit, giving developers new tools to build AI agents capable of making payments and managing blockchain wallets.

Through the new integration, AI agents can use XRP and assets issued on the XRP Ledger, including Ripple’s dollar-backed RLUSD stablecoin, to pay for digital services.

Potential use cases include API access, computing resources, data services, and other tools that AI applications may need to purchase automatically.
https://t.co/zwacTiJKD5

[TheCryptoBasic @thecryptobasic]

#Cardano founder Charles Hoskinson has argued that $ADA and $XRP should be treated as genuine commodities under U.S. crypto regulation.

Hoskinson made the remarks while explaining why the CLARITY Act failed to advance in the U.S. Senate. He focused on what he sees as a fundamental problem with the legislation’s proposed approach to classifying and regulating digital assets.

According to him, one of the fundamental problems was the attempt to treat a wide range of digital assets as commodities and place the CFTC at the center of crypto regulation.

He argued that securities and commodities have fundamentally different characteristics and therefore require different regulatory approaches. In his view, the SEC has a larger workforce and broader tools for disclosure and market oversight, while the CFTC traditionally operates as a principles-based commodities regulator.

However, Hoskinson’s criticism does not appear to be directed at the use of commodity regulation for crypto assets generally. Instead, he argued that lawmakers should first establish which digital assets genuinely qualify as commodities and which belong in a separate digital-security category.

He specifically identified Bitcoin, Cardano, and XRP as examples of crypto assets that he considers “truly commodities.”
https://t.co/GcvYLLFeqk

[TheCryptoBasic @thecryptobasic]

#ShibaInu traders are holding more than $62 million in open futures positions, even as overall derivatives activity remains relatively subdued.

According to CoinGlass data, Shiba Inu’s open interest stood at $62.25 million, while its 24-hour futures volume reached $54.42 million.

As a result, open interest has moved above daily futures turnover, indicating that traders are maintaining a significant amount of leveraged exposure rather than actively rotating those positions through the market.

Meanwhile, the derivatives market currently accounts for much of Shiba Inu’s trading activity. Notably, Shiba Inu recorded approximately $54.25 million in 24-hour futures volume, compared with roughly $19.99 million in spot volume. Therefore, futures trading was about 2.7 times higher than spot activity.

Despite the derivatives-heavy market, $SHIB has posted a modest gain. The token climbed 3.99% over the past 24 hours to $0.000005040 at press time.

According to data from CoinGlass, a total of 73 SHIB traders recorded $182,650 in liquidations over the past 24 hours. Long positions accounted for most of these losses, with about $162,740 in long positions liquidated, compared with $19,910 in short positions. This imbalance comes as SHIB remains below its weekly high of $0.0000054.
https://t.co/cuQDM5OBpd