Bitcoin’s recovery picked up steam on Wednesday as the cryptocurrency rallied above $74,000 amid consistent inflows into the spot Bitcoin ETFs. Do technical charts support the move in BTC and altcoins?
XRP Crypto News
Founded in 2012 as OpenCoin, Ripple Labs is the software company developing the XRP (XRP) cryptocurrency and distributed ledger technology alongside a suite of payment protocols for streamlined cross-border settlement for financial institutions.
On the Ripple Network, any currency or asset can be used for transactions without relying on XRP, though XRP acts as a bridge between currencies when needed. Ripple’s On-Demand Liquidity service utilizes XRP for cross-border transactions, eliminating the need for pre-funded accounts. This approach facilitated partnerships with major entities like Santander, Bank of America and American Express. However, XRP’s role led to legal issues with the United States Securities and Exchange Commission (SEC), which filed a lawsuit in December 2020, accusing Ripple and its executives of illegally selling XRP to investors without proper security registration.
On July 13, 2023, a court ruled that Ripple’s $728.9 million XRP sales to institutional clients constituted unregistered securities sales, giving the SEC a partial victory. Ripple targeted institutional investors, endorsing a speculative value thesis for XRP contingent on blockchain improvements. Further legal proceedings are likely, with Ripple possibly appealing or presenting new arguments against the court’s decision.
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- Altcoin Watch
XRP analysts highlighted the potential for a rebound to $1.95 as the price broke above a symmetrical triangle amid persistent institutional demand.
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Bitcoin’s return to the $70,000 level proves that buyers are absorbing the bulk of selling, but analysts warn that traders should be patient due to market bottoms taking months to form.
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XRP’s weakening technical setup suggests a drop below $1 could be in the cards over the next few weeks as supply rises on exchanges.
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Crypto ETPs saw $1 billion in inflows last week, led by $787 million into US spot Bitcoin ETFs, ending a five-week outflow streak of nearly $4 billion
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Bitcoin’s attempt to top $70,000 stalled throughout the week, but analysts believe that the short-term downside will be limited. Will altcoins hold on to their weekly gains?
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The AI bug hunter scanned the Ripple blockchain codebase to catch the vulnerability before it was deployed, enabling engineers to patch it.
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A convincing bullish reversal setup and hints of easing whale distribution may push the price of XRP up by 20% or more in March.
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Bitcoin bulls rushed toward $70,000, and ETH reclaimed $2,000 following a drastic improvement in investor sentiment, but will the gains hold?
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Bitcoin and altcoins sold-off as US stock markets digested US President Donald Trump’s fresh 15% global tariff. Are new 2026 lows in store?
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XRP has formed a classic bearish pattern on its two-day chart, and if confirmed, a price drop to $0.80 could be in the cards over the next few weeks.
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Crypto investment products posted outflows for a fifth straight week, marking the longest exit streak since early 2025.
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The failure of the bulls to start a strong recovery in Bitcoin and the major altcoins suggests that the bears intend to remain active at higher levels.
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US-listed spot Bitcoin ETFs have shed $238 million this week, potentially setting up the first five-week outflow streak since March 2025.
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Technical charts show Bitcoin price hanging on to softening support in the $68,000 to $65,000 zone, and a breakdown below the level could usher in new lows in the $50,000 range.
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