Crypto World
Ripple Mints 9.9M RLUSD on Ethereum After Weeks of Burns
RLUSD Minting Activity on Ethereum
Ripple Labs has minted nearly 10 million RLUSD tokens after weeks of heavy token burns across networks. The issuance took place on Ethereum and signals a shift in supply activity. The move follows large-scale reductions that tightened circulation and reshaped recent stablecoin flows.
XRP Ledger and Supply Rebalancing Strategy
Ripple continues to balance RLUSD supply between Ethereum and the XRP Ledger through coordinated minting and burning cycles. This approach supports network efficiency and ensures availability across different blockchain environments. Additionally, it allows the firm to respond quickly to shifting transactional demand.
During late March and early April, Ripple executed several large burns exceeding $230 million within one week. One notable event removed about 180 million RLUSD tokens within a few hours. These actions reduced excess supply and prepared the system for controlled re-expansion.
The recent mint indicates that Ripple has recalibrated its supply strategy following those aggressive burns. It now distributes liquidity more evenly between supported chains and user segments. As a result, RLUSD remains adaptable to both institutional and retail transaction requirements.
Stablecoin Growth and Market Integration
RLUSD continues to expand its presence as a bridge between traditional finance and digital asset markets. Exchanges have begun listing new trading pairs that improve accessibility and increase transactional use cases. This expansion strengthens RLUSD’s role within broader crypto liquidity networks.
Bitrue introduced trading pairs that match RLUSD with tokenized gold assets such as PAXG and XAUT. These assets represent physical gold exposure issued by established providers in the market. Therefore, RLUSD gains additional utility in diversified trading environments.
Meanwhile, Binance has enabled RLUSD support on the XRP Ledger, allowing direct transactions within its platform ecosystem. This integration increases exposure and simplifies cross-platform transfers for users. Furthermore, it aligns with Ripple’s goal of improving cross-border payment efficiency.
Recent reports indicate that RLUSD reserves exceed its circulating supply, reinforcing its backing structure. Reserve holdings reached approximately $1.56 billion, while token supply remained slightly lower. Hence, the stablecoin maintains a surplus-backed position within regulated custody frameworks.
💵💵💵💵💵💵 9,900,000 #RLUSD minted at RLUSD Treasury.https://t.co/UQY0Dx1bZm
— Ripple Stablecoin Tracker (@RL_Tracker) April 8, 2026
Bitcoin’s push past $73,000 quickly lost steam as the market shifted focus back to a shaky truce between the U.S. and Iran.
Summary
- Bitcoin failed to hold above $73,000 as Iran tensions and weak US data weighed on sentiment.
- Oil near $97 and a 0.4% rise in core PCE added pressure on risk assets.
While a brief rally took place after rumors surfaced that Iran might accept Bitcoin as payment for cargo ships moving through the Strait of Hormuz, the excitement faded. Investors are now worried that geopolitical friction could undo the progress Bitcoin has made in the U.S. market recently.
Tensions flared when Iranian parliamentary speaker and former IRGC general Mohammad Bagher Ghalibaf criticized the ongoing military actions in Lebanon.
Ghalibaf, a key figure in the regime, warned that any “illegal entry” or “denial of uranium enrichment” would be seen as a move to “violate the ceasefire” and could trigger a larger conflict.
This instability pushed crude oil prices back up to $97 per barrel. Rising energy costs typically pull money away from speculative assets like crypto as investors become more cautious about risk.
However, the pressure isn’t just coming from overseas; data from the U.S. Bureau of Economic Analysis showed that the core PCE index rose by 0.4% on Thursday. This suggests that inflation is stickier than expected, making it harder for the Federal Reserve to pivot.
Economic growth is also slowing down significantly. The fourth quarter GDP was revised down to a tiny 0.5% annualized rate, signaling that the economy is almost at a standstill.
Usually, signs of stagnation lead traders to expect the government to step in with more liquidity, but this time, the data has sparked genuine fear. A lack of faith in the plan to avoid a recession has already softened the U.S. dollar against a basket of other major currencies.
Will Bitcoin price go up?
Currently, Bitcoin is stuck in an awkward spot between these two narratives. It is trying to find a clear path while being pulled by war headlines on one side and a possible economic crash on the other. This lack of direction is visible on the charts, as the price struggles to stay above $72,000.
For the rally to continue, Bitcoin needs to chew through a massive wall of selling pressure. There are roughly $6 billion in leveraged short positions sitting between $72,200 and $73,500. Even though yesterday’s rally cleared $427 million in these bets, the remaining sell orders are acting as a heavy lid on the price.
Bitcoin needs to firmly break $73,000 and turn that level into support before it can chase new highs. If it fails to clear this liquidity soon, traders may lose heart and start taking profits, which could easily send the price sliding back toward $68,000.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
A new CoinGecko report found that roughly 90% of newly listed altcoins on top centralized exchanges fall below their listing price within 12 months.
The findings paint a grim picture for retail buyers chasing new token listings across the industry’s biggest trading platforms.
Most New Altcoin Listings Lose Value Fast
According to the report, only about 32% of new altcoin listings record positive price action immediately after going live across the top 12 centralized exchanges (CEXs). That means nearly two out of three tokens start losing value from the moment they begin trading.
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Exchange-level data reveals sharp differences in early performance. Upbit stood out with 67% of its listings showing gains 30 days after debut, though CoinGecko noted that the South Korean exchange has one of the lowest listing rates. Binance followed at 50%, while Kraken and Gate trailed at just 14%.
However, those early gains faded quickly. By days 30 to 59, only 25% of tokens remained in positive territory on average.
“Across longer time frames, this percentage declines somewhat linearly across all exchanges. The only exception is Coinbase, whose listed coins catch a second wind after the half-year mark of being listed on the exchange,” the report read.
Even Upbit’s Winners Eventually Lose
Upbit’s trajectory tells the most striking story. Despite starting with the strongest 30-day performance, every one of its newly listed altcoins fell below its debut price by the 300- to 329-day mark.
That 67% to 0% collapse suggests early gains were driven by hype and limited supply rather than sustainable demand. By the 12-month mark, fewer than 10% of listed tokens on most top exchanges remained above their listing price.
Ultimately, the data reveals a consistent pattern: hype-driven rallies around new listings rarely translate into lasting value. While some tokens see short-term gains, the vast majority struggle to sustain momentum beyond the initial trading window.
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The post 90% of New CEX Token Listings Fall Below Debut Price Within a Year, Report Finds appeared first on BeInCrypto.
Elon Musk’s artificial intelligence company, xAI, has filed a lawsuit against the state of Colorado, seeking to block incoming AI rules that restrict speech from AI chatbots like Grok.
The AI company is specifically challenging Colorado’s Senate Bill 24-205, which aims to protect AI users from “algorithmic discrimination” in areas like employment, housing and finance.
However, in a filing to a US district court in Colorado on Thursday, xAI argued that “Colorado cannot alter xAI’s message simply because it wants to amplify its own views on the highly politicized subjects of fairness and equity.”
The company further argued that the law, set to take effect on June 30, is contradictory as it promotes “differential treatment” in an effort to “increase diversity or redress historical discrimination.”
Forcing xAI to change Grok would also interfere with its goal of being “maximally truth seeking,” it said.
Colorado isn’t the first state that xAI has sued over AI regulations. In December, it sued California over its Generative AI Training Data Transparency Act, arguing that disclosure requirements compel speech and reveal trade secrets in violation of the First and Fifth Amendments.
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The Colorado and California AI laws come after accusations of Grok making racist, sexist and antisemitic comments in the past.
AI rules should be left to federal regulators: David Sacks
White House AI czar David Sacks has led a push for state regulators to steer clear of crafting AI rules, arguing for a single federal standard for AI instead of a “patchwork” of state laws.
“The problem that we’re seeing right now is that you’ve got 50 different states regulating this in 50 different ways, and it’s creating a patchwork of regulation that’s difficult for innovators to comply with,” Sacks said in late March.
Sacks was appointed as co-chair of the newly established President’s Council of Advisors on Science and Technology to address that issue.
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A solo Bitcoin (BTC) miner has beaten extraordinary odds to successfully mine a solo block. The miner earned roughly 3.128 BTC, worth about $222,000, including subsidy and transaction fees.
Wu Blockchain reported that the Bitcoin miner was operating at an estimated hashrate of just 70 terahashes per second (TH/s). That hash power represented approximately 0.0000074% of Bitcoin’s total network hashrate, which sat at over 940 EH/s on April 9.
At that scale, the probability of mining a block on any given day is estimated at around 1 in 100,000, translating to a statistical expectation of roughly one successful block every 300 years.
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For context, major publicly listed miners operate at tens of exahashes per second, dwarfing the 70 TH/s rig. Thus, that scale gap illustrates how improbable the outcome was.
Meanwhile, the rare win comes amid shifting mining conditions. Global Bitcoin hashrate declined to around 1,004 EH/s in the second quarter of 2026, down from approximately 1,066 EH/s in the previous quarter.
The drop has been largely attributed to weaker mining profitability, which has forced less efficient machines offline.
At the same time, the mining industry is undergoing a structural shift. Many operators are increasingly diversifying into artificial intelligence and high-performance computing workloads.
“Based on recent company announcements, listed miners could derive as much as 70% of their revenues from AI by the end of this year, up from roughly 30% today. What began as a marginal diversification strategy is increasingly becoming the core business,” CoinShares noted.
While such solo mining successes remain exceedingly rare, they serve as a reminder that Bitcoin’s decentralized design still allows for unexpected wins, even in an increasingly competitive space.
The post Solo Bitcoin Miner With 70 TH/s Wins Full Block Against 1-in-100,000 Odds appeared first on BeInCrypto.
Coinbase has rolled out a notable upgrade to the x402 protocol, introducing usage-based pricing for agentic AI compute tasks and moving away from the longstanding flat-fee model. The new “Upto” scheme is live, according to Coinbase’s Developer Platform, and is designed to unlock variable-cost services such as large language model inference, data queries, and other AI-backed compute operations.
According to Coinbase, the change addresses a key limitation of the earlier model: fixed prices for all requests, which worked well for deterministic APIs but capped the economics of services where cost scales with usage, token counts, or query complexity. The Upto framework is built as an Ethereum-compatible layer, with ERC-20 support on the tokens side and the CDP Facilitator enabling fully gasless payments on the client side.
Key takeaways
- Upto introduces usage-based pricing on x402, replacing the prior fixed-fee approach for agentic AI tasks.
- Sellers can set maximum prices for tasks; buyers authorize these caps, while actual charges reflect the real resources consumed, potentially reducing overpayment.
- The scheme operates on an EVM-compatible layer and supports ERC20 tokens; the underlying CDP Facilitator enables gasless payments.
- Adoption of x402 has cooled since its November peak, with data from Dune Analytics showing a sharp decline in weekly transactions through Q1 2026.
- Governance has shifted toward broader industry participation, as the Linux Foundation now hosts the protocol, with major tech players like Google, Microsoft, and AWS holding stakes through the x402 Foundation.
From flat fees to flexible usage: what Upto changes for AI compute payments
Under the Upto scheme, sellers can cap the price they’re willing to accept for a given task, while buyers pre-authorize a ceiling. If costs are lower than the maximum, the system charges only what the task actually requires. This marks a shift from the previous regime, where simple and complex requests were priced the same, leaving users exposed to overpayment or underpayment depending on task complexity.
The practical effect for developers and AI operators is twofold. First, it introduces price discovery at the task level, aligning payments with real resource usage rather than a blanket rate. Second, it can reduce friction for experiments with agentic AI workflows, where costs can be highly variable based on token streams, compute duration, and the intricacy of the queries being processed.
In addition, the architecture remains compatible with existing crypto rails: Upto is described as an EVM-compatible layer, while the CDP Facilitator supports gasless transactions, which can streamline experiences for end users who expect near-instant, fee-free onboarding and execution from their wallets. These elements are crucial as developers explore widespread AI agent deployment, where the cost of inference and data access can swing dramatically over time.
Market backdrop: adoption trends and what this means for agentic AI payments
Even as Coinbase markets Upto as a practical remedy to pricing frictions, the broader x402 ecosystem has faced a notable retrenchment in 2026. Dune Analytics data shows that after peaking during a standout week in early November, the network’s activity faded considerably. During the week of November 4–10, x402 processed about 13.7 million transactions — its all-time high for weekly volume — but weekly transaction counts have since fallen below the 1 million mark in early January and continued to slide into the first quarter. By the last week of March, total activity stood at roughly 112,708 transactions, underscoring a sharp deceleration in adoption.
The shift matters for any assessment of agentic AI’s economics. A pricing regime that ties costs more tightly to actual usage could help rebuild demand if buyers and sellers can reliably predict costs for complex AI tasks. It also heightens the importance of on-chain efficiency, instant settlement, and cost transparency as usage grows. While Upto directly targets cost alignment for AI workloads, the broader question remains: will pricing flexibility alone reverse the recent downtrend, or will buyers demand additional incentives—faster settlement, more interoperable primitives, or deeper tooling support for AI agents?
Governance and industry backing: Linux Foundation and big-tech stake
In a significant governance development, the x402 protocol’s ownership was moved to the nonprofit Linux Foundation earlier this month. The shift signals an emphasis on open governance and standardization as AI agentic services expand. The ecosystem is already backed by a coalition of large technology companies that hold stakes in the protocol through the x402 Foundation, including Google, Microsoft, and Amazon Web Services. This collective involvement reflects industry-wide interest in creating interoperable payment rails that can scale with AI agent usage.
Beyond pure technical advantages, the move toward neutral stewardship and broad platform participation could influence how future deployments are designed and audited. For developers and enterprise users, such governance structures may offer greater assurances around compatibility, security standards, and long-term maintenance, which are critical as agentic AI services move from experiments to production workloads.
What to watch next
Several development vectors will shape x402’s trajectory in the near term. First, the uptake of Upto will be measured by real-world pilots and early adopters testing AI agent workloads with variable costs. Observers will be watching whether usage-based pricing can rekindle activity on a network that saw a steep decline through Q1 2026. Second, ecosystem momentum around the x402 Foundation will matter: any new collaborations, standardized interfaces, or tooling improvements could accelerate diffusion among developers and enterprises who want frictionless payment primitives for AI services.
Finally, the industry’s ongoing conversation about agentic AI economics—how to monetize autonomous compute, data access, and inference at scale—will intersect with pricing innovations like Upto. If the model proves durable, it could influence other protocols seeking to support dynamic workloads and near-instantaneous settlements in AI-driven ecosystems.
Readers should monitor updates from Coinbase and the x402 Foundation for pilots and performance metrics as usage-based pricing becomes more widely tested in practical AI workflows. As the market weighs these changes, the central questions remain: will usage-based pricing unlock renewed demand, and can governance-backed protocols deliver the reliability that builders and users require for agentic AI at scale?
The U.S. Treasury has launched a cybersecurity information-sharing program to give U.S. digital asset firms timely, actionable intel on threats targeting their customers and networks.
Summary
- The U.S. Treasury’s OCCIP has unveiled a new initiative to strengthen cybersecurity across the digital asset industry.
- The program will share timely, actionable cyber threat information with eligible U.S. crypto companies and industry groups.
- The move implements a key recommendation from the President’s Working Group report on enhancing U.S. leadership in digital financial technology.
The U.S. Treasury Department has launched a new cybersecurity information‑sharing program aimed at hardening the digital asset industry against increasingly sophisticated attacks. The initiative, run through the Office of Cybersecurity and Critical Infrastructure Protection (OCCIP), will distribute timely, actionable threat intelligence to eligible U.S. digital asset companies and industry groups so they can better detect, prevent, and respond to cyber threats targeting their customers and networks.
Treasury’s move implements a key recommendation from the President’s Working Group on Financial Markets, set out in its report “Enhancing the U.S. Leadership in Digital Financial Technology.” By formalizing a dedicated channel between federal cyber teams and crypto‑adjacent firms, the program effectively treats major digital asset players as part of critical financial infrastructure, rather than as a separate, loosely connected sector.
In practice, participating firms can expect early warnings on active campaigns, indicators of compromise, and best‑practice guidance tailored to exchanges, wallet providers, custodians, and other digital asset intermediaries. The goal is to move from reactive disclosure after a breach to proactive defense before attacks spread across multiple platforms and service providers.
For an industry that has historically relied on informal back‑channels and ad hoc coordination during incidents, Treasury’s framework marks a shift toward more structured public‑private cooperation. The success of the effort, however, will depend on how many firms choose to participate, how quickly information flows in both directions, and whether smaller providers — often the weakest links — are able to plug into the new system as effectively as the largest U.S. players.
Bhutan moved more Bitcoin from its sovereign-linked wallet on Thursday, further reducing its once sizeable BTC stash and extending its months-long selling.
Arkham data showed a wallet attributed to the Royal Government of Bhutan and its investment arm Druk Holding & Investment, transferred about 319 Bitcoin (BTC), worth roughly $22.68 million, bringing total outflows since late October 2024 to more than 9,000 BTC.
The transfer follows a series of recent wallet movements by the country flagged by Arkham. In March alone, the Bhutan-tagged wallet moved more than 1,667 BTC (roughly $120 million), taking Bhutan’s Bitcoin holdings from about 13,000 BTC in late 2024 to 3,654 BTC in April, according to Arkham Intelligence’s tracking dashboard.
While that constitutes a roughly 70% drop in the country’s BTC holdings, Bhutan is still the fifth-largest publicly tracked nation-state holder, behind the United States (328,000 BTC), the United Kingdom (61,000 BTC), El Salvador (7,600 BTC) and the United Arab Emirates (7,000 BTC).
Bhutan has not publicly commented on the recent disposals, and the activity is inferred from wallet labels and transaction patterns tied to the government and Druk Holding & Investment.
Bhutan’s green Bitcoin strategy
The kingdom built much of its position through state-backed mining that uses hydropower to support data centers, a strategy officials have framed as part of a “green Bitcoin economy” and a way to diversify export revenues beyond electricity sales.
Bhutan uses surplus, carbon-free hydropower to run energy-intensive supercomputers that mine Bitcoin, turning excess electricity into a liquid digital export and exploring whether large corporations could buy its “green” coins to meet environmental, social and governance targets.
Related: Bhutan to deploy Sei validator in Q1, eyes tokenization collab
In December 2025, Bhutan unveiled a national Bitcoin Development Pledge committing up to 10,000 BTC (roughly $1 billion at the time) to support the long-term development of its Gelephu Mindfulness City special administrative region.
Authorities said the allocation would be managed through options such as using Bitcoin as collateral, low-risk yield-generating instruments or long-term holding as part of a broader strategy to anchor the new economic hub in digital assets and sustainable finance.
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CME Bitcoin futures open interest has fallen to a 14‑month low as the once‑crowded basis trade collapses, compressing yields and pushing leveraged institutions out.
Summary
- CME Bitcoin futures average daily open interest fell below $8B in March and to about $7.2B in early April, the lowest since February 2024.
- March volume slid to $163B, nearly half January 2025’s peak, as the spot‑ETF plus short‑futures basis trade unwound and leveraged funds exited.
- With annualized basis near 5% versus ~4.5% risk‑free rates, funding costs and counterparty risk have erased arbitrage appeal at CME.
CME Bitcoin futures activity has fallen to its weakest level in more than a year as the once‑crowded basis trade unwinds and leveraged institutions pull back. Average daily open interest dropped below $8 billion in March 2026 and slid to about $7.2 billion in early April, marking a new low since February 2024 and extending a five‑month decline. Monthly trading volume on CME fell to $163 billion in March, almost half the peak seen in January 2025, underscoring how quickly institutional demand has cooled.
At the center of the shift is the cash‑and‑carry structure that dominated Wall Street’s crypto exposure after U.S. spot Bitcoin ETFs launched. For much of 2024 and 2025, funds bought spot ETFs while shorting CME futures to capture a relatively low‑risk yield from the spread between futures and spot. “The CME Bitcoin futures basis is primarily driven by price momentum and market sentiment,” CF Benchmarks wrote in a 2025 analysis, noting that aggressive rallies tended to push futures into rich contango and make basis trades highly attractive.
That regime has broken down as Bitcoin has retreated from highs near $120,000 to below $70,000, compressing the annualized basis to around 5% — barely above a roughly 4.5% U.S. risk‑free rate. With funding costs and counterparty risk taken into account, “a near‑flat basis reduces the incentive for basis trades that rely on futures premia to generate low‑risk carry,” derivatives commentary from MEXC noted in February, describing CME’s structure as close to neutral. In some stress episodes, the CME‑to‑spot basis has even turned negative, a sign of “aggressive hedging or the unwind of cash‑and‑carry structures when risk appetite fades,” according to Padalan Capital’s observations cited in the same report.
The result is a sharp drop in the very type of activity CME was built to attract. Total Bitcoin futures open interest across venues remains sizable — over $43 billion as of early March, according to derivatives trackers — but liquidity is increasingly concentrated offshore or in perpetual swaps, while regulated CME contracts lose share. A Binance research note in January captured the turning point bluntly: “The era of arbitrage is over; Wall Street withdraws from Bitcoin basis,” after CME open interest fell below major offshore exchanges for the first time.
For Bitcoin (BTC), the implications are mixed. A lower, flatter CME basis suggests less leveraged carry and more spot‑driven price action, which can make the market structurally healthier but also more sensitive to directional flows. For CME, the open question is whether new use cases — such as more nuanced hedging by spot ETF issuers — can replace the vanished basis trade, or whether regulated futures will remain a shrinking island in a derivatives complex increasingly dominated by 24/7 offshore products.
Bitcoin pulled back to $71,843 on Friday after a third attempt to breach $73,000 was met with selling on Thursday, a level that has now rejected the price on every rally since the Iran conflict began in late February.
The retreat is modest. Bitcoin is up 7.9% on the week, its strongest weekly performance of the war so far, holding above the 50-day moving average which has turned upward for the first time since the conflict started. Ether held at $2,189, up 6.6% on the week. Solana’s SOL gained 5.1% to $83.09. XRP added 2.8% to $1.34. Dogecoin climbed 2.4% to $0.092. The entire top 10 is green on the weekly chart for the first time in over a month.
But $73,000 is seemingly a wall. The level has capped bitcoin three times since the ceasefire was announced on Tuesday — each attempt producing a rally that faded within hours. The pattern is identical to the pre-ceasefire range, just shifted higher. Instead of grinding between $65,000 and $73,000, bitcoin is now grinding between $70,000 and $73,000.
“We will need to wait for the price to rise above $75,000 before we can speak of the market entering an active bullish phase,” said Alex Kuptsikevich, FxPro’s chief market analyst, in a note to CoinDesk. He added that bitcoin remains above the 50-day moving average, reinforcing short-term bullish sentiment, but flagged the repeated rejection at $73,000 as the barrier that needs to break.
Galaxy Digital CEO Mike Novogratz set the bar higher, saying the key conditions for bitcoin to resume its uptrend are consolidation above $74,000 followed by a break above $80,000. “Breaking through these levels could trigger a new wave of optimism and restore the uptrend,” he said.
The ceasefire that triggered Tuesday’s rally is already fraying. Iran accused the U.S. of breaching three clauses of the agreement.
The Strait of Hormuz remains only partially reopened with “technical limitations.” Oil rebounded from its 15% single-day crash to trade back above $97.
Ether’s setup is similarly range-bound. The token pulled back 4% from its Wednesday peak to $2,189, which Kuptsikevich described as market noise within a $2,000 to $2,400 consolidation zone.
“A breakout beyond this calm consolidation zone would signal the start of a directional move,” he said.
Outside of majors, Algorand dropped 11.4%, Aptos fell 6.1%, and Polkadot lost 6.1%, marking an altcoin divergence that typically appears when traders are rotating rather than entering fresh capital.
The Fear and Greed Index climbed out of single digits for the first time in over a month, meanwhile.
If the ceasefire survives through the weekend and the Strait opens further, $73,000 gets its fourth test with momentum behind it. However, Tehran’s grievances escalate or Trump’s rhetoric shifts, the pullback toward $68,000 to $70,000 is the path of least resistance.
XRP is trying to stabilize after a sharp move higher, but the bigger question is whether this is real strength or just a short-term bounce. The breakout came on solid volume, yet the lack of follow-through and weak broader structure suggest buyers are still cautious.
News Background
- XRP ETFs saw $3.32M in inflows, but the scale remains too small to meaningfully shift price direction given the token’s size.
- The move continues to be driven more by technical positioning than fundamentals, with no clear catalyst behind the recovery.
Price Action Summary
- XRP moved from $1.33 to $1.35, breaking above the $1.34 level on strong volume.
- The initial push was sharp, but price quickly settled into a tight range just below $1.36 without extending higher.
- Short-term volatility remains elevated, with quick dips being bought but rallies still struggling to hold.
Technical Analysis
- The key signal is the quality of the breakout. Volume confirms participation, but the lack of continuation suggests this is not yet a strong trend shift.
- XRP remains within a broader downtrend, and rallies are still capped below the $1.40 level.
- Some indicators point to exhaustion rather than strength, with analysts flagging potential downside if momentum fades.
- At the same time, tight consolidation near current levels shows buyers are at least attempting to build a base.
What traders should watch
- $1.34 is now the immediate pivot. Holding above it keeps the short-term recovery intact.
- $1.36-$1.40 remains the key resistance zone. A clean break is needed to shift momentum meaningfully.
- On the downside, a move back below $1.32-$1.31 would signal the breakout has failed and reopen pressure toward $1.28.
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