Feed aggregator

XRP’s efforts to regain upward momentum following last week’s sharp decline have so far stalled, with $1.50 now rising as the most important price level. 

A new technical analysis shared by crypto analyst Tara points to Bitcoin’s unfinished price structure as the main reason why XRP’s price action is still stuck below $1.5, with the leading cryptocurrency’s next moves likely to determine whether the altcoin can recover or sink further in the days ahead.

As the largest cryptocurrency, Bitcoin is known for strongly influencing how other large market-cap cryptocurrencies like XRP move. Interestingly, technical analysis of the altcoin’s price action on the daily candlestick price chart done by crypto analyst Tara links the two cryptos, and the outlook of XRP depends on how the Bitcoin price moves from here.

Expert Says If You Hold XRP, Pay Attention To These Things XRP has already completed a move into its textbook 0.382 Fibonacci resistance, which is sitting around $1.53. As shown on the daily candlestick price chart below, the token filled the liquidity zone around the October 10 flash crash low before bouncing at $1.15. However, this bounce was subsequently rejected at $1.53. The rejection from that region shows that the altcoin’s bulls have done their part technically, but the required follow-through is missing.

The reason, according to the analysis, lies with Bitcoin. The waves on Bitcoin’s chart are still developing, meaning the entire crypto market has not reached a resolution. As it stands, Bitcoin is currently in an unfinished corrective phase, and many analysts are projecting more lows. This has led to cautious capital inflows across the market. As a result, XRP is struggling to attract sustained buying pressure even after reaching important technical milestones on its own chart.

At the time of writing, Bitcoin is trading at $69,800. The outlook by Tara is that Bitcoin will undergo a corrective move to the $65,800 region before making another push higher toward its 0.5 resistance around $75,400. This type of pullback and continuation scenario has implications for XRP’s price action.

If Bitcoin does correct as expected, the altcoin could be pulled back toward the $1.30 area, which is highlighted as short-term support. The continuation wave up by Bitcoin is then expected to take it as high as the 0.5 Fib at $1.65.

The more bearish scenario outlined in the analysis will occur if Bitcoin fails to hold higher support levels and instead breaks down to $52,200. Such a move would likely trigger a much deeper reaction across altcoins, because it would mandate Bitcoin breaking below its recent $62,800 low on February 5. In that case, the altcoin could be drawn down to its 0.786 Fibonacci support, which is currently sitting at $0.87.

Rumors of a possible US Securities and Exchange Commission (SEC) investigation into Binance have resurfaced long‑running questions about the October 10, 2025 liquidation event, the largest market wipeout in crypto history. 

For context, during the October 10 event, roughly $19 billion in leveraged positions were liquidated, with $3.21 billion erased in a single minute. Around 1.6 million traders were forced out of their positions as Bitcoin plunged from about $122,000 to $104,000.

Speculation around Binance’s role in the crash has intensified following a post on X (previously Twitter) by market expert Hugo Crypto. In his message, he cautioned that he could not independently confirm reports of an SEC probe into Binance, stressing that the claim remains a rumor. 

However, he argued that the broader story surrounding the October 10 collapse warrants serious attention regardless of whether a formal investigation is underway.

Since the crash, a series of developments has kept Binance under scrutiny. Shortly after the event in October 2025, the exchange attributed the turmoil to a broader macroeconomic shock and denied responsibility, later paying about $283 million in compensation. 

In January 2026, Ark Invest CEO Cathie Wood stated during an appearance on Fox Business that a “Binance software glitch” was responsible for triggering the crash. 

Later that month, OKX CEO Star Xu publicly accused Binance of engaging in “irresponsible marketing campaigns,” further escalating tensions between major exchanges.

In early February, Binance reportedly sent cease‑and‑desist letters to X users who were speculating about the exchange’s solvency. Now, fresh rumors suggesting potential SEC involvement have added a new layer of uncertainty, even though no official confirmation has been made.

Regardless of whether the SEC is actively investigating, some former regulators argue that the October 10 crash itself demands a thorough review. 

Salman Banaei, a former official at the Commodity Futures Trading Commission (CFTC), has compared the incident to the 2010 Flash Crash in traditional markets, saying it merits a similarly rigorous investigation.

The exchange’s leadership, however, continues to reject claims that the exchange caused the market collapse. At the end of January, former CEO Changpeng Zhao publicly dismissed accusations that Binance was responsible for the October 2025 crash. 

Zhao addressed claims that technical issues and pricing discrepancies on Binance triggered the record‑breaking liquidations. He emphasized that, following the crash, the platform offered approximately $600 million in compensation to affected users and businesses. 

Featured image from OpenArt, chart from TradingView.com