TheCryptoBasic @thecryptobasic

#XRPL Validator Vet Says “ $XRP Is Money!” and Explains Why It Matters Beyond Price. Vet explains that XRP plays an important role in connecting different assets on the XRP Ledger through auto-bridging, which can help users trade assets when direct trading pairs have limited liquidity. XRP is also used to pay transaction fees and meet account reserve requirements, making it essential to the network’s operations. As the ledger’s native asset, XRP does not depend on an issuer and cannot be frozen at the protocol level. He believes its price should reflect growing adoption and use of the network rather than serve as the main measure of success. XRP was trading at $1.32, down 65.61% from its previous all-time high of $3.84. thecryptobasic.com/2026/10/23/xrp…

$XRP’s Historical 12–14 Month Cycles Put July 2027 in Focus. XRP has followed a pattern of alternating upward and downward cycles lasting around 12 to 14 months since 2020. The latest analysis suggests a new upward phase began around August 2026, placing October in roughly the third month of the cycle. If this pattern continues, the current phase could extend into mid-2027, with July or August emerging as a possible turning point. XRP is currently trading near $1.30. Previous cycles show that XRP’s price movements can vary in size even when their timing is similar. The token rose to around $3.50 in July 2025 before falling to approximately $1.09 by July 2026. If the current upward phase continues, XRP could test $1.70–$2.00, with a sustained breakout potentially opening the way toward $2.50–$3.50. However, these levels remain possible scenarios, and a sustained monthly drop below $1.00 would weaken the bullish outlook. The historical pattern is a guide, not a guarantee of future price movements. #Ripple thecryptobasic.com/2026/10/23/xrp…

Moderna (NASDAQ: $MRNA) Plunges 17% Despite Melanoma Vaccine Cutting Cancer Recurrence Risk by 42%. Moderna shares fell more than 17% to $202.63 on Thursday after detailed results for its melanoma vaccine, developed with Merck (NYSE: MRK), were released earlier than planned. The vaccine, intismeran autogene, was tested with Merck’s Keytruda. Together, they reduced the risk of cancer returning or death by 42% and the risk of cancer spreading to other parts of the body or death by 38%, compared with Keytruda alone. The results briefly appeared on the Oncology Central website before being removed. The Phase 3 trial included 1,137 patients. After two years, 82.2% of patients receiving the vaccine combination remained free of cancer recurrence, compared with 70% of those receiving Keytruda alone. Despite these positive results, Moderna shares fell more than 25% during Thursday’s session before recovering some losses. The stock is still up approximately 587% in 2026. UBS analyst Michael Yee described the results as solid but said the decline reflected investors selling after the news. Merck and Moderna will present the full findings on October 24 at the ESMO Congress in Madrid. thecryptobasic.com/2026/10/23/mod…

$XRP Inverse Head and Shoulders Pattern Points to $2 Target, but $1.51–$1.67 Resistance Must Break First. XRP may be forming an inverse head and shoulders pattern that could signal a bullish reversal after months of price weakness. The pattern’s left shoulder formed near $1.2795 in early April, followed by a deeper low of $0.9874 in August that created the head. XRP’s latest pullback to $1.2550 may have formed the right shoulder, with the token now trading above $1.32. However, the pattern remains unconfirmed until XRP breaks above its neckline. The neckline aligns with a major resistance zone between $1.5093 and $1.6667, which has repeatedly rejected XRP’s recovery attempts since February. A breakout above this range could confirm the bullish pattern and open a potential path toward $2.0084, the chart’s 0.618 Fibonacci retracement level. Until XRP clears this resistance, the projected move above $2 remains a possibility rather than a confirmed outcome. #Ripple thecryptobasic.com/2026/10/23/xrp…

Crypto Analyst Master Ananda Maintains #Cardano’s $3.25 Target Despite $ADA Pullback Below $0.22. Ananda remains bullish on Cardano, arguing that short-term losses do not necessarily invalidate a broader recovery. ADA recently fell to $0.2105 before rebounding to around $0.2169. Ananda’s three-day chart shows ADA forming a falling wedge since early 2025, alongside a rounded-bottom formation that began near $0.1384 in late June and preceded a rally toward $0.28 earlier this month. Ananda maintains his price targets of $1, $2, and $3.25, with the last level potentially setting a new all-time high above ADA’s previous record of around $3.10 in September 2021. However, these projections depend on ADA sustaining its recovery, overcoming resistance, and building upward momentum. Ananda also urges traders to remain patient, manage risk, and avoid emotional decisions during short-term market declines. thecryptobasic.com/2026/10/23/car…

Analyst "More Crypto Online" Warns $XRP Risks Deeper Decline After Failing to Complete Five-Wave Rise. More Crypto Online says XRP’s failure to complete the expected five-wave upward pattern has increased the likelihood of a deeper decline. The analyst is watching whether the recent rebound forms a three-wave pattern, which would indicate a weaker recovery. XRP is trading around $1.31, near the 61.8% Fibonacci retracement level at $1.30928, which marks an important level for the current rebound. If XRP loses this support, the chart identifies potential downside levels at $1.29295, $1.28590, and $1.27705, followed by the $1.25 area. A broader support zone lies between $1.21237 and $1.10623. However, holding above nearby Fibonacci levels could help XRP sustain its rebound, while a further breakdown could expose the token to additional losses. thecryptobasic.com/2026/10/23/xrp…

Analyst Sjuul Follings Says #Cardano Must Hold $0.22 to Form a New Higher High. $ADA AltCryptoCast founder Sjuul Follings describes Cardano as having one of the clearest bullish market structures among major cryptocurrencies. His analysis shows ADA forming higher highs and higher lows since June, with the latest higher low near $0.22 serving as a key support level. Follings says buyers must defend this level to keep the uptrend intact and create the potential for another higher high. ADA is trading around $0.2169, slightly below the $0.22 level, amid conflicting market outlooks. However, holding the key support could allow ADA to resume its upward move, according to Follings, although he did not provide a specific price target. thecryptobasic.com/2026/10/23/car…

Gate .io Reports 115% $XRP Reserve Ratio, Holding More XRP Than Customers’ Balances. Gate. io’s latest Proof of Reserves report, released on October 20, shows the exchange held 60.39 million XRP against customer balances of 52.53 million XRP as of October 18. This puts its XRP reserve ratio at approximately 115%, meaning Gate holds more XRP than its customers collectively have on the exchange. Overall, Gate held $8.688 billion in reserves against $7.332 billion in customer assets, bringing its total reserve ratio to 118.49%. The report also shows reserve ratios of 121.6% for Bitcoin and 123.78% for Ethereum, with stablecoin reserves also exceeding customer balances. Separately, XRPScan data shows Gate holds approximately 58.65 million XRP across four XRPL accounts, representing about 0.88% of the circulating supply. thecryptobasic.com/2026/10/23/gat…

Analyst ChartNerd Says $XRP Remains Stuck in $1.25–$1.60 Range Despite Positive Ecosystem Developments. ChartNerd says XRP has traded between $1.25 and $1.60 for about 10 weeks, despite positive developments across its ecosystem. He explains that XRP is consolidating after its 70% rally in August, with its price moving between the 20-week and 50-week exponential moving averages (EMAs) to form a parallel trading channel. The channel’s lower boundary sits around $1.25–$1.30, while its upper boundary lies near $1.50–$1.60. XRP is currently trading around $1.32, down 18% over the past 30 days. ChartNerd says a confirmed break above the $1.50–$1.60 upper boundary could open the door to further gains, while a drop below the $1.25–$1.30 lower boundary could lead to additional losses. Until either level is breached, XRP may continue trading sideways. He also emphasizes that positive ecosystem news does not automatically translate into price gains, making a confirmed breakout or breakdown more important than speculation. #Ripple thecryptobasic.com/2026/10/23/why…

Santiment Reveals 2 Key Conditions for $XRP to Reclaim $1.50: Hold $1.40 and Sustain 4,000 Daily Wallet Additions. The XRP Ledger has reached a record 8.24 million non-empty wallets, while daily network growth recently surged to 4,772 new wallets, the fifth-largest daily increase since March, according to Santiment. However, XRP’s price has yet to match this growth, with the token recently trading around $1.32–$1.33. Santiment says XRP could return to $1.50 if it holds above $1.40 while daily network growth remains near or above 4,000 new wallets. On the downside, a drop below $1.30 alongside daily wallet growth falling under 3,000 would weaken the short-term outlook. Although rising wallet numbers signal continued network expansion, a price recovery still depends on XRP gaining upward momentum. thecryptobasic.com/2026/10/23/xrp…

The Crypto Basic, Daily Edition: What Happened in Crypto on October 22, 2026. Ripple and Arf Target Payment Firms’ Funding Needs. SoFi Introduces a Tokenized Deposit Paying 4.40% APY. Uniswap Expands Access to Liquidity From Other Exchanges. Coinbase Ireland Receives €3.25 Million Penalty. Starknet Voters Support Research Into an Independent Blockchain. a16z Crypto Adopts the Frontier Name and Broadens Its Focus. Dune Launches Faster Data Feeds for Onchain Markets. Fireblocks Rejects Report of Acquisition Talks With Visa. Details on: thecryptobasic.com/2026/10/22/tcb…

Black Swan Capitalist Co-Founder Vandell Aljarrah Says Losing Patience Is a Novice Mistake as $XRP’s Past Rally Reached 119,000%. Vandell Aljarrah says investors who lose patience during prolonged market consolidation make a novice mistake. He points to XRP’s roughly 742-day consolidation between $0.004 and $0.011 before its 2017–2018 bull run, which took the token to a peak of $3.84. Aljarrah estimates XRP gained approximately 119,000% from its 2014 cycle lows to the 2018 peak, though the figure depends on the starting price used. XRP now trades around $1.34, about 65% below its previous high. However, XRP’s past rally does not mean it will repeat the same performance, as market conditions have changed since 2017–2018. #Ripple thecryptobasic.com/2026/10/22/los…

Analyst Casi Trades Says $XRP Must Break Above $1.65 to Confirm Bullish Reversal Casi says XRP must break above $1.65 to confirm that its recent price bottom is in. XRP is currently trading around $1.33 after falling from its September high near $1.65. Under Elliott Wave Theory, she views the recent decline as a Wave 2 correction and considers XRP’s ability to hold the $1.27 support level an early sign that a bottom may be forming. However, she warns that the reversal is not confirmed until XRP breaks above key resistance. If XRP clears $1.65, Casi Trades sees a potential Wave 3 advance toward $2.40. Before reaching that target, XRP must overcome intermediate resistance around $1.35, $1.41, $1.46, $1.53, and $1.58. On the downside, a break below $1.27 could expose XRP to $1.10, with $0.87 as a deeper downside target if selling pressure increases. thecryptobasic.com/2026/10/22/wil…

Space Exploration Technologies (NASDAQ: $SPCX) Jumps 9.66% as Quarterly Profit Reaches $4.4 Billion and Merger Review Begins SpaceX shares rose 9.66% to $162.06 in pre-market trading after the company reported its first quarterly profit since its June public listing. Third-quarter net income reached $4.4 billion, compared with a $541 million loss in the previous quarter, while revenue surged 161% year over year to $14.58 billion. Its Super Intelligence division generated $7.56 billion in revenue, accounting for nearly 52% of the total. CEO Elon Musk also confirmed that independent committees at SpaceX and Tesla are evaluating a possible merger, although no terms have been agreed and the deal is not guaranteed. Musk highlighted potential cooperation in AI, chip design, robotics, and connectivity. Meanwhile, SpaceX projected first-quarter 2027 revenue of $33 billion to $37 billion, while rising investment in computing infrastructure is expected to drive higher capital spending. thecryptobasic.com/2026/10/21/spa…

Analyst AltWolf Sees #Cardano Rallying Toward $0.50 as Rising Trendline Holds. $ADA Market commentator AltWolf suggests Cardano could climb toward $0.50, citing an ascending trendline that has supported ADA since July, when its price was near $0.14. The chart shows several rebounds from this rising support, indicating that buyers have stepped in during previous pullbacks. ADA is now trading around $0.2244 after retreating from its October high near $0.28, with the $0.21–$0.22 zone serving as key support. For ADA to strengthen its recovery, it must break through resistance at $0.23–$0.24 and then $0.28. Reaching AltWolf’s $0.50 target would require a gain of approximately 123%. thecryptobasic.com/2026/10/21/car…

$XRP Long Positions on Bitfinex Climb Above 5 Million, Hitting Three-Week High. XRP long positions on Bitfinex climbed to 5.088 million tokens on October 20, reaching a three-week high and representing more than $6.7 million at XRP’s price of $1.33. The increase follows several weeks of declining long exposure, suggesting some traders are becoming more optimistic about a potential price recovery. Although positions have eased slightly since then, they remain above 5 million XRP. The increase coincided with XRP’s 2.44% price gain on October 20, which marked its largest daily rise in a month. Across the broader derivatives market, long positions account for 51.02% of leveraged exposure, slightly ahead of shorts at 48.98%. However, XRP still faces resistance at $1.3877, followed by $1.40. On the downside, support at $1.2857 remains important, as a break below it could expose XRP to $1.24. thecryptobasic.com/2026/10/21/xrp…

Analyst Ali Martinez Warns #Cardano Could Drop to $0.17 as SuperTrend Turns Bearish. $ADA Martinez warns that Cardano could face another significant decline after its SuperTrend indicator turned bearish. The last similar signal appeared on May 22, when ADA fell from around $0.25 to $0.135, a drop of approximately 46%. However, ADA whales holding 100 million to 1 billion tokens have kept their combined holdings relatively stable at 2.72 billion to 2.76 billion ADA since October 10, showing no clear signs of selling. ADA was trading at $0.2243, with $0.21 serving as a key support level. A daily close below this level could open the way toward $0.17, according to Martinez. Meanwhile, analyst Crypto Tony sees a possible drop to $0.19 if ADA fails to break above $0.23 resistance. Despite a 3.79% daily gain, ADA remains vulnerable to further losses. thecryptobasic.com/2026/10/21/car…

Analyst EGRAG Says $XRP Approaches Fourth Corrective Stage With Targets Up to $31.87. Analyst EGRAG suggests XRP is approaching a fourth corrective stage, comparing its current two-week chart with the 2018–2020 and 2021–2024 cycles. In both previous periods, XRP went through four corrective stages before major bullish expansions. EGRAG sees a similar pattern developing in 2025–2026, with the latest stage forming near a descending trendline, although a bullish reversal remains unconfirmed. XRP is currently trading at $1.33, with EGRAG identifying $1.06–$1.25 as a key support zone. A breakdown could expose $0.92, while a recovery could bring upside levels of $1.67, $2.40, and $3.57 into focus. His longer-term projections extend to $9.36, $15.47, and $31.87, though these remain potential targets. #Ripple thecryptobasic.com/2026/10/21/xrp…

#Cardano Founder Charles Hoskinson Welcomes Midnight’s Planned $TRON Integration. Hoskinson welcomed TRON to Midnight after SIG Network CEO David Millar-Durrant announced plans to bring Midnight’s privacy technology to TRON payments in December 2026. The integration will use Nightmode, a solution designed to add privacy features to existing blockchains without requiring users to leave their networks. It already supports Ethereum, with TRON planned as the next addition. Nightmode aims to enable private payments, protect wallet balances and transaction details, and give applications control over information users must disclose. It will also support screening tools used by centralized exchanges to meet compliance requirements. Hoskinson welcomed the announcement on X and tagged TRON founder Justin Sun, with whom he has maintained a friendly relationship. thecryptobasic.com/2026/10/21/car…

#Cardano ($ADA) Holds Major Support as $0.594 Pivot Emerges as Key Resistance. Cardano is attempting to recover after testing major long-term support around $0.13–$0.15 in June 2026. ADA is now trading near $0.2232, but its monthly chart shows the price remains below a multi-year descending resistance line. The monthly candle has fallen about 9.5%, while the RSI near 40.9 indicates that momentum remains weak. The next major hurdle is the $0.594 pivot, which would require a roughly 166% rise from current levels. A sustained recovery above this level could open the way toward higher resistance at $0.914, $1.495, $1.815, $2.135, and $2.456. For now, holding the $0.13–$0.15 support zone is crucial, as a sustained break below it could weaken the potential long-term bottom. Although the Stochastic RSI is turning upward, ADA has yet to confirm a broader trend reversal. thecryptobasic.com/2026/10/21/car…