TD Cowen analysts Lance Vitanza and Jonnathan Navarrete said Strategy is “better positioned than ever” to participate in a potential recovery, even as the premise looks strained amid steep declines.

XRP is testing support at $1.90 after falling 18% over five months from a July high near $3.65 to $2.20 by late November. A TD Sequential buy signal has appeared at the $1.90 level where previous ...