Coincheck Acquires 97% of 3iQ Corp for $111.8 Million
- Strategic Acquisition: Coincheck Group announced the acquisition of 97% of Canadian digital asset manager 3iQ Corp for $111.8 million, marking the third strategic acquisition by Japan's leading crypto exchange in the past 12 months, with the transaction expected to close in Q2 2026 pending regulatory approval.
- Equity Structure Adjustment: Coincheck will issue 27,149,684 new ordinary shares valued at $4.00 each to acquire the majority stake from Monex Group, with provisions to offer equivalent terms to minority shareholders, potentially issuing an additional 810,435 shares for 100% ownership.
- Enhanced Market Position: This acquisition provides Coincheck with 3iQ's 12-year operational history and institutional product suite, with CEO Gary Simanson stating that by combining strengths, they will be better positioned to meet the needs of institutional and sophisticated investors, thereby enhancing competitive positioning.
- Expected Revenue Synergies: Coincheck plans to leverage synergies with 3iQ and Aplo to offer services to institutional clients, with the deal anticipated to be earnings accretive, further driving growth in the digital asset space.
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Technical Analysis for XRP
Technical Sentiment Analysis for XRP (XRP) As of , XRP (XRP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
XRP (XRP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.459 | 0.788 | 1.155 | 1.484 | 1.851 | 2.18 | 2.547 |
| Fibonacci | 0.788 | 1.054 | 1.218 | 1.484 | 1.75 | 1.914 | 2.18 |
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