XRP (Ripple)

We're approaching the probable bottom on XRP chart. This is 3M chart. Evidence suggests that if the price of XRP closes above this support, we highly likely have a bottom. The case for the bottom would be even stronger if we don't witness any monthly candle moving forward closing below 0.95$ - 0.93$. While we could witness wicks of the monthly candles going below 0.95$ - 0.93$, the important thing is candles closing above the said support.

From the looks of things, we have highly likely arrived at the end of the bear market for crypto. It's likely we will witness a decent rally from the bottom and likely some period of consolidation, however the bottom should be in at that point.

Whether future resistances will be mentioned here isn't yet decided, but likely will not.

From a long-term investor's perspective, resistance levels aren't particularly important. While some traders may choose to sell at resistance and buy back during a pullback, long-term investors are focused on the bigger picture.

Those of us who believe in XRP and the broader crypto market invest today because we expect the market to recover over time. The goal isn't to watch the charts every day, but to be positioned before that recovery happens.

We are doing our work now, so we can enjoy later, and not be bothered by noise. Dealing with the noise is what traders do, not investors.

Michael Saylor's MSTR and STRC have been mentioned here lately for a reason. We finally have an answer from Michael Saylor, after both MSTR and STRC suffered great loss.

"Current Report on Form 8-K"

"What Strategy is trying to accomplish
Strategy is shifting from being primarily a Bitcoin acquisition company to becoming a Bitcoin-backed capital management company. The new framework is designed to:

1. Make its preferred securities safer and more attractive.
2. Guarantee it has cash available to pay dividends and interest.
3. Give management flexibility to sell Bitcoin, buy back shares, or raise capital depending on market conditions.
4. Preserve its long-term Bitcoin exposure while reducing financing risk.

1. $2.55B USD Reserve
This is the biggest change.
Strategy now has a Board-approved cash reserve of $2.55 billion.
That money is essentially ring-fenced and can only be used for:

1. paying preferred stock dividends
2. paying interest on debt

It cannot be used for other purposes unless the Board approves.
The company also requires that the reserve always contains at least one year's worth of expected dividend and interest payments.
This makes the preferred securities significantly safer.

2. STRC dividend becomes dynamic
Rather than automatically increasing dividends, Strategy will review the STRC dividend every month.
They'll consider things like:

1. STRC market price
2. interest rates
3. credit spreads
4. Bitcoin price
5. Bitcoin volatility
6. cash reserve size
7. capital markets

Importantly:
They specifically say they will not automatically raise the dividend simply because STRC trades below par.
Current dividend has been increased to:
12% annualized

3. $1B preferred buyback program
Strategy can now repurchase up to:
$1 billion of preferred securities
including:

1. STRC
2. STRF
3. STRD
4. STRK

Management says STRC is likely the first priority if it trades cheaply.
Buying discounted preferred shares reduces future dividend obligations and strengthens the balance sheet.

4. $1B common stock buyback
They also authorized another:
$1 billion buyback of MSTR common stock.
This gives them flexibility if management believes the stock becomes undervalued.
The authorization doesn't mean they must buy shares—it simply gives them the option.

5. Bitcoin monetization program
This is probably the most important strategic change.
Until now Strategy's reputation was essentially:
"Never sell Bitcoin."
Now the Board has formally authorized selling Bitcoin for three purposes:
A. Build the USD reserve
Up to
$1.25 billion
of BTC can be sold to increase the reserve.
B. Pay dividends or interest
Instead of issuing new stock every time cash is needed, they may simply sell some Bitcoin.
C. Fund buybacks
Bitcoin sales can also finance:

1. preferred buybacks
2. common stock buybacks
3. transaction costs

This gives management much more flexibility.
Importantly:
They are not committing to sell Bitcoin.
They are only giving themselves permission.

6. They didn't buy Bitcoin this week
For June 22–28:

1. BTC purchased: 0
2. BTC holdings remain:

847,363 BTC
Average purchase cost:
$75,651 per BTC
Total cost basis:
$64.1 billion

7. Raised another $1.15B
During the week they sold:
12.67 million MSTR shares
through the ATM program.
Net proceeds:
$1.152 billion
No preferred shares were issued during the week.

8. STRC dividend declaration
They declared:

1. $0.50/share on July 31
2. $0.50/share on August 15

Equivalent to the new 12% annual dividend.
The company also expects these distributions to be treated as non-taxable return of capital for many U.S. shareholders, subject to individual tax circumstances.
Overall significance
This filing marks a shift in Strategy's financial strategy.
Previously, the playbook was largely:

1. issue stock,
2. buy more Bitcoin,
3. hold indefinitely.

The new framework is more balanced:

1. maintain a dedicated cash reserve,
2. actively manage preferred securities,
3. repurchase undervalued stock,
4. and, if it makes economic sense, sell limited amounts of Bitcoin instead of relying solely on new equity issuance.

In essence, Strategy is evolving from a company focused almost exclusively on accumulating Bitcoin into one that actively manages its capital structure while keeping Bitcoin as its core strategic asset."

Basically, Michael Saylor is forced to sell some of his Bitcoin holdings and buy back MSTR along with STRC, so the price doesn't continue to crash. Furthermore, he raised the yield on STRC from 11.5% to 12% to attract new investors.

those two views aren't really mutually exclusive, the market's just noise from traders built on top of the convictions of investors. whether it's xrp wave counts or mstr's capital moves, it all boils down to long-term supply and demand. all that deep analysis is just background noise to the guys looking for a quick flip, but that's exactly where long-term holders actually make their money. us old timers have paid our tuition in this game, so instead of staring at charts all day trying to guess the next swing, it's better to just get positioned when everyone's panicking and sit through the cycle. real value's built by just staying the course

Hopefully, the target will be reached very soon.

We've just hit D1 resistance on XRP chart. So far, the rally is impressive. However, that's not really what's important right now.

Something interesting...

Meanwhile, we have a very good rally in crypto. XRP surging 15% in the last four days. Yes, we have to agree that price was three times higher than it is now, however crypto isn't dead. Those who didn't strongly believe in the future of crypto have just been flushed out.

Buying at 1$ level is exactly what we wanted to see. The price could still go below 1$, but it doesn't have to. Remains to be seen. Trying to figure out the bottom is the harderst thing to do. Also, 5 - 10 cents up or down doesn't really make a difference to some investors. In hindsight, whether you bought Apple at 0.50$ or 0.60$ is insignificant compared to not buying it at all. The same applies to XRP.

Strategy (Michael Saylor) started selling more BTC. Actually, the quantity of BTC sold by Michael Saylor caught everyone by surprise sending BTC lower amid fears of even more BTC being sold in the future to stop MSTR and STRC from crashing down.

It is expected that Michael Saylor will continue to sell even more BTC in the future. This opens the door for 45 000$ BTC, however time will tell.

"Strategy BTC holdings decreases by 3,588 BTC (~$225.606m) to 843,775 BTC"