Ripple-linked token slips as traders watch $1.35 support

Published

4 hours ago

8 March 2026

Ripple-linked token slips as traders watch $1.35 support

XRP edged lower after a technical breakdown earlier in the session, with buyers now attempting to stabilize price near the $1.35 support area.

News Background

XRP has remained under pressure in recent sessions as the token trades within a broader corrective structure that has persisted since late February.
Price action has largely been driven by technical positioning rather than new catalysts, with traders focusing on key support and resistance levels as the market consolidates.
Institutional flows have been mixed during the period. XRP-linked investment products recorded moderate outflows earlier in the week while derivatives activity declined slightly, suggesting reduced speculative participation as the market digests recent volatility.

Price Action Summary

XRP slipped from $1.3666 to $1.3554 over the 24-hour session
The token traded within a relatively tight 1.9% range
A sharp volume spike drove price briefly down to $1.3473
Price later recovered toward $1.35–$1.36 as buyers stepped in

Technical Analysis

The most notable move occurred when XRP briefly broke down toward $1.347 during a surge in trading volume, confirming selling pressure below the $1.36 area. That move reinforced $1.36–$1.37 as a short-term resistance zone after repeated rejection attempts.
Despite the breakdown, buyers quickly defended the $1.35 region, triggering a modest rebound and forming a sequence of higher lows on shorter timeframes. This suggests dip demand remains active even as the broader trend remains weak.
Price is now compressing between support near $1.35 and resistance around $1.36–$1.37, a tightening range that often precedes a directional move once liquidity builds.

What traders say is next?

Market participants are focused on whether XRP can maintain support near $1.35.
If the level holds, the token may continue consolidating before attempting another push toward $1.36–$1.37 resistance, where a breakout could reopen upside toward the $1.40 region.
A decisive break below $1.35 would shift attention toward deeper support near $1.30–$1.32, signaling the corrective trend may extend further.

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US Treasury Says ‘Lawful’ Crypto Users Have Valid Reasons To Use Mixers

Published

7 seconds ago

8 March 2026

NewsAdmin

The Treasury’s report to the US Congress was commissioned as part of directives under the GENIUS stablecoin regulatory framework.

The United States Treasury Department acknowledged the legitimate use of mixers, which obfuscate crypto transfers to preserve user privacy, in its report to Congress on “Innovative Technologies to Counter Illicit Finance Involving Digital Assets.”

“As consumers increase their use of digital assets for payments, individuals may want to use mixers to maintain more privacy in their consumer spending habits,” the report said. The Treasury report continued:

“Lawful users of digital assets may leverage mixers to enable financial privacy when transacting through public blockchains. For instance, individuals may use mixers to protect sensitive information on personal wealth, business payments or charitable donations from appearing on a public blockchain.”

However, the report also noted the dangers of “darknet” or non-custodial, decentralized mixers. The Treasury said that non-custodial mixers are used for money laundering or shifting illicit funds by cybercriminals, including North Korea-linked hackers.

The authors suggested that custodial mixers, centralized services that take possession of user funds during the process, could provide identifying information that could be used to track users and transaction flows.

Privacy in crypto became a hot-button issue in 2025, as financial surveillance increases and US lawmakers attempt to impose know-your-customer (KYC) requirements on digital asset service providers and even decentralized finance (DeFi) platforms.

DeFi leaders and seasoned investors warn about the threat to privacy

DeFi leaders and advocates sounded the alarm on ambiguous language in the Digital Asset Market Clarity Act of 2025, also known as the CLARITY bill, that could force DeFi platforms to collect identifying information from users.

The bill also lacked sufficient protections for open-source software developers in the US, according to Alexander Grieve, vice president of government affairs at crypto investment company Paradigm.

Former hedge fund manager Ray Dalio also warned that central bank digital currencies (CBDCs), onchain fiat currencies managed by a central banking institution or the government, are coming and pose a major risk to digital privacy.

In an interview with independent journalist Tucker Carlson, Dalio said CBDCs are a “very effective controlling mechanism” for the government.

Magazine: Can privacy survive in US crypto policy after Roman Storm’s conviction?