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XRP Breaks Through Major Resistance on Explosive Volume Spike

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Key Highlights

  • The digital asset cleared the critical $1.426 resistance barrier for the first time since the beginning of 2026 following an extended period of sideways price action.
  • Price surged from approximately $1.41 to $1.47 within 24 hours, accompanied by a volume increase exceeding 250%.
  • The token is currently maintaining levels above $1.4550 and the 100-hour Simple Moving Average, with immediate targets identified near $1.48–$1.50.
  • Real-world asset tokenization on the XRP Ledger continues expanding, with commodity tokens nearing $1.14 billion in total value.
  • Maintaining support above the $1.43–$1.44 zone could open the door for further advances toward $1.50 and possibly $1.55.

On March 16, 2026, XRP finally broke free from a stubborn resistance level that had confined price action for several months during the early part of 2026.

xrp price
XRP Price

The cryptocurrency rallied from the $1.41 region to reach an intraday peak of $1.4798 during the most recent trading session. Volume activity exploded by more than 250% as the breakout unfolded, with approximately 170 million tokens traded at peak levels.

Price action is currently stabilizing just above the $1.4550 level, maintaining its position over the 100-hour Simple Moving Average.

The pivotal barrier that finally broke was positioned at $1.426—a level that had repeatedly rejected upward momentum during multiple rally attempts in recent months. After clearing this threshold on robust volume, the asset rapidly advanced toward the $1.47 zone.

Near-term technical analysis reveals a pattern of ascending lows developing post-breakout. This formation indicates buying pressure is attempting to establish the previous resistance area as fresh support.

Rising Activity on the XRP Ledger

The price breakthrough doesn’t seem to correlate with any specific XRP-related news event. That said, on-chain activity across the XRP Ledger has been steadily increasing.

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Tokenization of real-world assets on the network has shown continuous growth. Commodity-backed tokens on the XRP Ledger climbed toward $1.14 billion in valuation during 2026’s opening quarter.

Critical Price Zones Under Observation

XRP now confronts its next resistance barrier in the $1.48 to $1.50 range. Historical price action shows that rallies have encountered difficulty in this zone, making a decisive move beyond $1.50 particularly significant.

Should the asset successfully breach $1.50, market participants are eyeing subsequent targets at $1.5250 and $1.5320. Continued strength could drive price action into the $1.55 territory.

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For downside protection, the essential support zone lies between $1.43 and $1.44. This represents the breakout level, and maintaining these prices is crucial for validating the current upward movement.

A decline beneath $1.4325 would mark a 50% Fibonacci retracement of the entire move from $1.3855 to $1.4798. Further weakness could find support around $1.410, with the primary demand zone located near $1.3680.

Currently, XRP is holding above $1.4550 with the 100-hour Simple Moving Average providing immediate support.

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Crypto World

Whitehat hacker accuses Injective of ghosting after $500M bug disclosure

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Whitehat hacker accuses Injective of ghosting after $500M bug disclosure

A whitehat hacker has gone public over a months-long feud with the team behind Injective over its response to a critical bug disclosure.

According to the report, the vulnerability in question put $500 million at risk via a faulty validation system.

The pseudonymous crypto security researcher, who goes by the moniker al_f4lc0n, has accused Injective of ghosting them for three months, despite fixing the bug, and later lowballing the bounty payout.

Read more: Ethereum address poisoning spike, ‘wallets aren’t ready’ says researcher

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The bug

The bounty hunter uploaded a full bug report to a GitHub repository called “injective-wall-of-shame.”

In the repo’s readme, entitled “I Saved Injective’s $500M. They Pay Me $50K,” they explain that the vulnerability allowed “any user to directly drain any account on the chain. No special permissions needed.”

The more detailed technical report describes how a faulty subaccount validation system allowed for an attacker to submit market orders on other users’ behalf.

The bug was exploitable by an attacker creating a worthless token and creating a spot market, pairing it with USDT. Both these actions are permissionless on Injective.

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Then, by creating a sell order of the fake token, the attacker could force victim accounts to buy the worthless token for USDT, “at the attacker’s chosen price.” The USDT could then be permissionlessly bridged off Injective, to Ethereum.

The report claims this put all value on the blockchain at risk, and that the total was over $500 million at the time of disclosure.

The figure currently sits at $280 million, the vast majority of which is in the INJ token.

Embed: Oracle error adds to turmoil at DeFi giant Aave

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The bounty

Injective is a blockchain network which lists the likes of Binance, Jump, Google and Pantera as partners, claiming “institutional and government players are joining us.”

Bug bounties are a common way for organizations to crowdsource continuous security monitoring from specialist whitehat bounty “hunters.”

Injective’s ImmuneFi page lists a maximum bounty of $500,000 for critical threats related to its blockchain and smart contracts.

The researcher claims, “a mainnet upgrade to fix the bug went to governance vote. The Injective team clearly understood the severity.”

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They also allege that injective “ghosted” for three months after the fix, before offering a bounty 10x lower than the maximum. “To be clear: the $50K has not been paid either,” they stress. 

Protos has reached out to Injective for comment on al_f4lc0n’s claims, but hadn’t received a response before publication. This article will be updated should we receive one.

Got a tip? Send us an email securely via Protos Leaks. For more informed news, follow us on XBluesky, and Google News, or subscribe to our YouTube channel.

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South Korea Hits Bithumb With $24.5M Fine Over AML Violations

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South Korea Hits Bithumb With $24.5M Fine Over AML Violations

South Korea has fined crypto exchange Bithumb 36.8 billion won (about $24.5 million) and imposed a six-month partial business suspension after finding widespread violations of Anti-Money Laundering (AML) rules, according to a Yonhap News Agency report. 

According to Yonhap, regulators identified about 6.65 million violations during an AML inspection, including failures related to customer identity verification, transaction restrictions and record-keeping requirements. Authorities found Bithumb facilitated 45,772 crypto transfers involving 18 unregistered overseas virtual asset service providers (VASPs), in violation of South Korea’s AML rules. 

The Financial Intelligence Unit (FIU) under the Financial Services Commission (FSC) reportedly decided on the penalties following a sanctions deliberation committee meeting reviewing the exchange’s compliance with the Act on Reporting and Use of Specific Financial Transaction Information. 

The sanction includes the largest fine yet imposed on a South Korean crypto exchange, following an ongoing regulatory crackdown on AML compliance.

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South Korea imposes a six-month partial ban on Bithumb

Under the measures, Bithumb will be banned from processing external crypto transfers for new customers for six months, from March 27 to Sept. 26.

However, existing users will face no trading restrictions, while new customers can still buy or sell crypto and deposit or withdraw Korean won from the exchange. 

Related: South Korea plans to use AI for crypto tax enforcement

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The FIU said it had repeatedly warned Bithumb to halt transactions with unregistered overseas crypto firms. However, the regulator said the exchange failed to comply and was unable to implement effective blocking measures. 

On March 9, the FIU gave Bithumb a preliminary notice of a six-month partial suspension, citing its concerns over Bithumb’s violations before determining the final sanctions.

South Korea’s broader AML enforcement drive

Apart from Bithumb, the FIU has also previously penalized other South Korean exchanges for AML violations.

In February 2025, the regulator imposed a three-month restriction on crypto deposits and withdrawals for new Upbit customers after finding violations tied to dealing with unregistered VASPs. Upbit also received a 35.2 billion won (about $23.5 million) penalty.

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The crackdown later reached crypto exchange Korbit. In December 2025, the FIU imposed a 2.73 billion won (about $1.8 million) fine and an institutional warning on the exchange over AML and customer-verification breaches.