Amid the recent sell-off that pushed the XRP price to test the key $1 support level, a small window of optimism has started to show up again. The token is beginning to align with a rare monthly relative strength index (RSI) setup that—according to past cycles—has appeared before major, explosive rallies.
Major proof-of-stake networks saw broad contraction in staked value over the past week, with Cardano (ADA) posting the steepest drop among leading chains even as Binance's BNB Chain (BNB) stood out for strengthening reward metrics. The divergence underscores how token price moves can pressure 'staking market cap' while protocol-level payout dynamics remain resilient—or even improve—on select networks.
The push for Bitcoin tax reforms could simplify crypto transactions, reducing burdens on everyday users and signaling potential regulatory shifts. Jason Somensatto advocates for Bitcoin tax reforms before US lawmakers.