What Next For XRP as Bitcoin Loses $90,000 Level Again

Bitcoin is currently facing significant selling pressure around the $90,000 mark, with market sentiment remaining fragile due to rapid price fluctuations. Despite this, key on-chain metrics indicate that the correction may be nearing exhaustion. The Mean Reversion Oscillator has printed its first green oversold bar in months, historically signaling potential macro bottoms or significant rebounds in bull markets.

Crypto analyst Will Taylor from Cryptoinsightuk argues that discussions about an XRP bear market are premature. He maintains that XRP's higher-time-frame structure and liquidity profile remain bullish, despite recent volatility. Taylor emphasizes that XRP is trading above a multi-year resistance level, which now serves as support, and believes that as long as this support holds, the market is not in a confirmed long-term downtrend.

The XRP community is abuzz with excitement as J. Ayo Akinyele, Head of Engineering at RippleX, announces a potential transformative development for the XRP ecosystem. Akinyele hinted at the possibility of introducing native staking capabilities, which could significantly enhance the functionality and appeal of the XRP network.

Tether has significantly increased its gold reserves to 116 tons, positioning itself as a major player in the gold market, comparable to small central banks. This development highlights Tether's growing influence in the financial sector, particularly in the context of cryptocurrency.

VanEck reports that the recent downturn in Bitcoin prices is primarily driven by mid-cycle wallets, while long-term holders, known as whales, continue to accumulate. The analysis indicates that the market is experiencing washed-out conditions, with futures data reflecting this trend.

The XRP price has become a focal point in the cryptocurrency market as it continues to gain traction through ecosystem growth and market interest. Despite this momentum, XRP's valuation remains significantly lower than Bitcoin's, which currently has a market capitalization of approximately $1.84 trillion. This disparity raises the question of how high XRP's price would need to rise to surpass Bitcoin.

Industry groups have sent a letter to President Donald Trump advocating for new tax policies and agency actions on cryptocurrency initiatives, emphasizing the need for progress amid Congressional uncertainty regarding market structure work.

Kalshi, a CFTC-regulated exchange, has successfully raised $1 billion in funding, achieving a valuation of $11 billion. This positions Kalshi as a strong competitor to crypto-native Polymarket by offering event contracts with fiat access and legal clarity.