Why XRP ETF proposals are increasing and what is keeping other issuers on the sidelines

Crypto analyst Charting Guy has identified a potential bullish setup for XRP, suggesting that the token is undergoing a Wyckoff reaccumulation phase. Despite a year of trading within a narrow range, XRP is currently priced around $2.23 after an 8-9% weekly gain, indicating a consolidation below its 2025 peak of approximately $3.317. Key Fibonacci levels have been established to support this analysis.

Bitcoin mining has evolved significantly since the first halving, with increased competition from solo and hobbyist miners adopting innovative strategies to enhance their operations. This shift reflects a dynamic landscape in the cryptocurrency sector as miners adapt to changing market conditions.

An Ethereum ICO whale has cashed out approximately $60 million after achieving a staggering 9,500x gain, despite a backdrop of market downturns and some early investors selling their holdings. This move comes as the top 1% of Ethereum holders continue to accumulate the cryptocurrency, indicating a divergence in investor sentiment within the market.

New research highlights that the supply of ERC-20 stablecoins has reached an all-time high of $185 billion, a classic indicator of bullish sentiment in the cryptocurrency market, despite recent price declines. This increase in stablecoin supply is seen as a positive signal for future price movements in the crypto space.

Avail’s Nexus aims to transform the landscape of Web3 by providing a unified solution for crosschain transactions, allowing users to move assets seamlessly between different blockchains. This initiative seeks to address the complexities and fragmentation currently present in the blockchain ecosystem.

A technical analysis by crypto analyst Tony Severino indicates that Bitcoin is forming a bearish harmonic 'Shark' pattern, predicting a potential price crash to $41,000. This development comes amid a broader market downturn, where Bitcoin has already seen significant declines, including a drop below the 50-week Moving Average for the first time in the current cycle.

Turkmenistan has enacted a comprehensive law that legalizes cryptocurrency trading, set to take effect in 2026, while imposing strict regulations through licensing and the potential use of state-controlled ledgers.

XRP, the fourth-largest cryptocurrency, recently faced a flash crash on October 10, dropping to $1.25, and has since seen a decline to $1.82. Despite a brief recovery above $2, experts predict a potential price drop to $1 by 2026 due to ongoing market pressures.