Connect with us

Crypto World

XRP Price Analysis: Critical $1.65 Level Tests Relief Rally While $0.90 Target Looms

Published

on

21Shares Introduces JitoSOL ETP to Offer Staking Rewards via Solana

TLDR:

  • XRP reached first relief target at $1.52 after RSI hit multi-year lows during last week’s selloff 
  • Critical $1.65 resistance zone will determine if XRP continues rally or drops toward $0.90 support 
  • Ripple partners with Aviva Investors to tokenize real-world assets on XRP Ledger throughout 2026 
  • Analysts warn against panic selling as XRP flirts with correction lows and potential bullish setup

 

XRP price action shows signs of relief following last week’s sharp decline that pushed technical indicators to extreme levels.

Market analysts track the $1.65 resistance zone as a critical threshold for the digital asset’s near-term direction. A failure at this level could open the door to targets as low as $0.90.

The current phase presents multiple scenarios for traders watching key support and resistance zones.

Critical Price Levels Define XRP’s Next Move

XRP has entered a Wave 4 relief phase after last Thursday’s massive selloff tested market sentiment. Technical analyst CasiTrades noted the decline pushed RSI to multi-year lows across trading platforms.

Advertisement

The subsequent bounce has already reached the first Wave 4 target near $1.52. This price point coincides with the 0.382 retracement level and macro 0.65 fibonacci zone.

The market now approaches a decisive juncture at the $1.65 resistance area. This level represents the 0.5 retracement and macro 0.618 fibonacci extension.

The asset’s ability to flip this zone into support will determine the next directional move. Technical patterns suggest two distinct paths forward based on price behavior at current levels.

A rejection at $1.65 could trigger another wave down to lower support zones. CasiTrades outlined potential targets at $1.09 and approximately $0.90 in this scenario.

These levels would mark the completion of a corrective structure from recent highs. The analyst emphasized that RSI has reset enough to allow for such a move.

Advertisement

However, the relief bounce offers an alternative bullish scenario for market participants. If XRP successfully reclaims $1.65 and holds it as support, buying pressure could increase.

Traders would then wait for confirmation through a back-test of this support level. The analyst cautioned against panic selling given the asset’s proximity to correction lows.

Ripple Partnership Adds Fundamental Support

Ripple announced a collaboration with Aviva Investors to tokenize real-world assets on XRP Ledger. Reece Merrick from Ripple shared the development, marking the first partnership with a European investment management firm.

The initiative will bring traditional fund structures to the blockchain throughout 2026. Aviva Investors cited the ledger’s speed, cost efficiency, and sustainability as key factors.

Advertisement

The partnership addresses growing institutional interest in blockchain-based asset management solutions. Traditional finance firms continue exploring distributed ledger technology for operational advantages.

XRP Ledger provides the infrastructure necessary for large-scale tokenization projects. European investment managers show increasing willingness to adopt blockchain platforms.

Advertisement

Asset tokenization represents a expanding sector within the digital asset industry. The collaboration aims to bridge institutional finance with blockchain utility at scale. Real-world assets moving onto public ledgers could drive long-term adoption metrics. This development provides fundamental support independent of short-term price fluctuations.

The announcement comes as XRP navigates technical correction levels on price charts. Fundamental developments often diverge from immediate market sentiment during volatile periods.

Long-term investors may view the partnership as validation of the ledger’s institutional appeal. Technical traders meanwhile focus on price action to determine entry and exit points.

 

Advertisement

Source link

Advertisement
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto World

Nikkei 225 Retreats From Record High

Published

on

Nikkei 225 Retreats From Record High

As the chart shows, the Nikkei 225 index (Japan 225 on FXOpen) reached a historic high near 58,500 points on Monday. Bullish sentiment was driven primarily by political developments.

According to media reports, the rally followed the decisive victory of the Liberal Democratic Party (LDP) under Sanae Takaichi, who has signalled aggressive fiscal stimulus measures (a package exceeding $135 bn), food tax cuts, and the continuation of an accommodative monetary policy stance.

However, today the Nikkei 225 is showing signs of a pullback. It is possible that major market participants have begun taking profits amid the wave of optimism, as Takaichi’s victory had already been largely priced in, and official confirmation of a parliamentary supermajority may have acted as a trigger to close long positions.

From a technical perspective, a retracement also appears justified.

Advertisement

Technical Analysis of the Nikkei 225 Chart

It is worth noting that:

→ after the RSI moved into extreme overbought territory, it formed a bearish divergence with price;
→ price action itself produced a bearish triple top pattern.

As the decline unfolds, a local trendline (shown in purple) has shifted from acting as support to functioning as resistance.

In light of the above, it is reasonable to assume that an extended pullback could drive the Nikkei 225 towards the median of the long-term ascending channel.

In the event of a deeper correction, the support zone below the 56,000 level may come into play, where a previous bullish imbalance formed characteristics of a Fair Value Gap pattern.

Advertisement

Trade global index CFDs with zero commission and tight spreads (additional fees may apply). Open your FXOpen account now or learn more about trading index CFDs with FXOpen.

This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Source link

Advertisement
Continue Reading

Crypto World

ARK Invest Snaps Up $33M in Robinhood Shares Amid Bitcoin Dip

Published

on

ARK Invest Snaps Up $33M in Robinhood Shares Amid Bitcoin Dip

ARK Invest, the investment firm led by Bitcoin bull Cathie Wood, snapped up a significant batch of crypto-linked stocks on Wednesday as BTC briefly dipped below $66,000.

ARK purchased 433,806 shares of Robinhood (HOOD) for approximately $33.8 million, according to a trade notification reviewed by Cointelegraph.

The asset manager also boosted its exposure to crypto exchange Bullish (BLSH) and USDC (USDC) issuer Circle (CRCL), acquiring 364,134 shares valued at $11.6 million and 75,559 shares worth $4.4 million, respectively.

The purchases came as all three stocks traded lower on the day, with Robinhood shares sliding nearly 9%, according to TradingView data.

Advertisement

ARK withheld from buying more Coinbase (COIN) shares after dumping $17 million of the stock last week.

Robinhood becomes top crypto holding in ARK’s flagship fund

ARK’s latest Robinhood acquisition coincided with the company’s official testnet launch of the Robinhood Chain, a permissionless layer 2 (L2) blockchain built for financial services and tokenized real-world assets (RWAs).

Earlier this week, Robinhood reported record net revenue of nearly $1.28 billion for the fourth quarter of 2025. While revenue surged 27% year over year, it fell short of Wall Street expectations of $1.34 billion, sending the stock down about 8%.

Source: Robinhood

As of Feb. 11, Robinhood stands as the largest crypto-linked position in ARK’s flagship ARK Innovation ETF (ARKK), accounting for roughly 4.1% of the portfolio, or about $248 million, according to the fund’s data.

Spot Bitcoin ETFs mirror BTC weakness as inflows stall

Broader market weakness has spilled over into US spot Bitcoin (BTC) exchange-traded funds (ETFs), which failed to sustain momentum after a three-day inflow streak.

Advertisement

According to SoSoValue data, Bitcoin ETFs recorded $276.3 million in net outflows on Wednesday, nearly wiping out weekly gains, which now stand at just $35.3 million. Total assets under management declined to $85.7 billion, the lowest level since early November 2024.

Daily flows in US spot Bitcoin ETFs. Source: SoSoValue

Ether (ETH) ETFs also posted losses, with daily outflows totaling $129.2 million. XRP (XRP) funds saw no inflows, while Solana (SOL) ETFs recorded modest inflows of roughly $0.5 million.

Related: Strategy CEO eyes more preferred stock to fund Bitcoin buys

At the time of publication, Bitcoin was trading at $67,227, up 0.4% over the past 24 hours, according to CoinGecko.

The latest pullback comes after analysts had pointed to a potential inflection point in crypto investment products following three consecutive weeks of outflows totaling more than $3 billion.

Advertisement

Magazine: Is China hoarding gold so yuan becomes global reserve instead of USD?