Cryptocurrency Morning Report: XRP May Become a $2 Stablecoin; Coinbase Announces Four Cryptocurrency Reset Proofs; "$10,000 Zcash" Advocate Ends Speculation About ZEC Developer Scandal

CoinNetwork · 2026-01-09T12:42:22+00:00

XRP technical signals are conflicting, with a daily target price of $2.34, while the weekly chart may drop to $1.39. Coinbase Institutional cited factors for market reset, and the Zcash team clarified the loss issue after restructuring, helping ZEC partially recover.

CoinNetwork

2026-01-09 12:42:22

Abstract generation in progress

The technical signals for XRP are contradictory: the daily chart shows a target price of $2.34, while the weekly chart indicates it could drop to $1.39, forming a liquidity-tight zone around $2.00. Coinbase Institutional points out four factors for the market reset: the resumption of ETF capital inflows, systemic leverage dropping to a multi-month low of 3%, balance in the spot order book, and options positions stabilizing and trending upward. On the other hand, Helius CEO Mert Mumtaz refuted reports of a large exodus of Zcash developers, calling it exaggerated panic and clarifying that the team has reorganized into a lab model and expanded, which helped ZEC recover some of its 10% decline to around $435.

XRP0,43%

ZEC3,09%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.