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What next as Ripple-linked token ends early-2026 downtrend

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What next as Ripple-linked token ends early-2026 downtrend

XRP pushed higher after breaking a months-long descending trendline, with a surge in trading volume confirming renewed momentum above the $1.39 resistance zone.

News Background

  • XRP has struggled to sustain rallies through early 2026 as sellers repeatedly defended a descending resistance line formed by lower highs since January.
  • The latest move marks the first decisive break above that structure, shifting short-term sentiment as traders reassess whether the corrective phase may be ending.
  • Fund flows offered a mixed backdrop. U.S.-listed XRP ETFs recorded roughly $3.9 million in outflows during the session, extending a short streak of redemptions even as technical momentum improved.
  • Meanwhile, activity on the XRP Ledger continued to rise. Daily transactions recently climbed to around 2.7 million, among the highest levels in recent months, partly driven by projects focused on tokenizing real-world assets.

Price Action Summary

  • XRP climbed from about $1.37 to $1.41 during the 24-hour session
  • Price cleared the $1.39 resistance zone that capped rallies earlier this year
  • Trading volume surged to roughly 205 million tokens, more than triple the recent average
  • The token traded within a roughly $0.057 intraday range during the breakout

Technical Analysis

  • The key technical development was XRP’s break above the descending trendline that had defined its downtrend since early 2026.
  • The move came with a sharp expansion in trading volume, suggesting the breakout reflected active participation rather than thin liquidity.
  • After the breakout, price briefly tested the $1.41 area before consolidating slightly lower.
  • On shorter timeframes, XRP held above the $1.40 zone, forming a sequence of higher lows that indicates buyers are attempting to establish the former resistance area as support.
  • If this structure holds, it would confirm a shift from the previous pattern of lower highs that dominated the past several months.

What traders say is next?

  • Traders are now watching whether XRP can hold above the $1.39–$1.40 area.
  • Maintaining that level would confirm the trendline breakout and could open the door for a move toward the next resistance zones around $1.44 and $1.50.
  • A failure to hold above the breakout level, however, could pull XRP back toward the $1.34–$1.37 support band and signal the move was a short-term liquidity sweep rather than the start of a sustained trend reversal.

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Crypto World

BlackRock Launches Staked Ethereum ETF Offering Yield

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Ethereum, Staking, Ethereum ETF, BlackRock, Yields

BlackRock is expanding its crypto investment lineup with a new Nasdaq-listed product tied to Ethereum staking.

BlackRock on Thursday introduced its iShares Staked Ethereum Trust ETF, or ETHB, describing it as an exchange-traded product (ETP) that combines spot Ether (ETH) exposure with “monthly income potential” by staking a portion of its ETH holdings.

Ethereum, Staking, Ethereum ETF, BlackRock, Yields
Source: iShares

The product expands BlackRock’s digital asset offerings, which include the iShares Bitcoin Trust ETF (IBIT) and the iShares Ethereum Trust ETF (ETHA). Both ETPs are the largest in their class, with more than $55 billion and $6.5 billion in assets under management, respectively.

“By bringing together spot ether exposure and staking rewards in an ETP, ETHB provides investors with an important new avenue to participate in the ecosystem’s evolution,” said Robert Mitchnick, BlackRock’s global head of digital assets.

ETHB will use Coinbase as custodian and staking provider

According to a prospectus with the Securities and Exchange Commission, BlackRock’s ETHB will use Coinbase as its custodian and staking provider.

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The fund’s approved validators are currently limited to Figment, Galaxy Digital and Bitwise-owned Attestant.

Ethereum, Staking, Ethereum ETF, BlackRock, Yields
Source: James Seyffart

Staking rewards are intended to be distributed monthly but “no less frequently than quarterly by the trust,” the filing notes.

Related: Vitalik Buterin envisions ‘one-click’ Ether staking for institutions

At launch, ETHB offers a 0.25% sponsor fee with a one-year waiver, reducing the fee to 0.12% on the first $2.5 billion assets under management.

Grayscale first to enable staking for Ether ETFs in the US

BlackRock’s Ether staking product arrives as several competitors have launched similar offerings.

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Grayscale Investments, BlackRock’s largest crypto ETF competitor by assets under management, launched staking for the Grayscale Ethereum Trust ETF (ETHE) and the Grayscale Ethereum Mini Trust ETF (ETH) on Oct. 6, 2025, becoming the first US crypto issuer to do so.

The company also enabled staking on its Grayscale Solana Trust (GSOL), which began trading in late October. Additionally, Grayscale debuted the Grayscale Avalanche Staking ETF (GAVA) on Thursday.

Ethereum, Staking, Ethereum ETF, BlackRock, Yields
Source: Grayscale

Other issuers, including 21Shares and REX-Osprey, also support staking Ether ETFs. 21Shares in February announced its expected 2026 distribution dates for staking rewards from the 21Shares Ethereum ETF.

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