Daily Crypto Signals: Bitcoin Eyes $75K–$80K Resistance, XRP Holders Alleging Systematic Price Manipulation

Quick overview

Bitcoin BTC/USD extended its weekly winning streak above $70,000 on Sunday, hitting $72,581 as bulls attempt to reclaim key long-term support levels, while XRP XRP/USD languishes around $1.41 — roughly 40% below its recent highs — amid a growing debate over whether the token is being systematically manipulated around US market open hours.

Crypto Market Developments

This weekend, the larger cryptocurrency market is negotiating a challenging combination of persistent economic headwinds and positive technical signs. The entire 24-hour market volume increased to $62.72 billion, a 9.15% gain, indicating renewed trading activity following last week’s risk-off downturn, while Bitcoin’s dominance stands at 58.78%.

The market is nevertheless plagued by regulatory uncertainty. Alex Thorn, head of firmwide research at Galaxy Digital, cautioned that if the US CLARITY Act, a piece of legislation intended to give the cryptocurrency industry legislative clarity, doesn’t pass a Senate committee by the end of April, it has a slim chance of passing in 2026. Thorn commented on X, “Floor time is running out, and odds diminish every day that passes,” pointing out that the Senate leadership had given other bills more priority.

Analysts attribute the rise in USDC’s market capitalization to capital flight in the United Arab Emirates, which has caused it to reach a record high of almost $79.2 billion. Due to regional unrest, over-the-counter desks in Dubai have reportedly found it difficult to satisfy demand for the stablecoin as investors look for alternatives to established marketplaces.
In an effort to lower the technical obstacles currently preventing regular users from operating their own validator infrastructure, co-founder Vitalik Buterin published a proposal to combine the backend programs used by Ethereum’s ETH/USD consensus and execution layer nodes into a single unified code structure.

Bitcoin Holds Above $72,000

With its seventh straight green daily candle and its best daily finish since early March, Bitcoin ended Sunday trading at $72,581. The price movement held Bitcoin safely above two important long-term benchmarks: the previous 2021 all-time high at $69,400 and the 200-week exponential moving average close to $68,300. A possible weekly closing above $70,000 is being eagerly watched by traders since it would confirm the recapture of a major multi-week support trendline.

Michaël van de Poppe, a cryptocurrency trader, explained Friday’s short decline as simple risk-off trading ahead of the weekend with no underlying structural significance. He identified resistance zones in the $75,000–$80,000 region as the next important targets and predicted further upward momentum. Analyst Kyle Doops, however, advised caution, pointing out that macro headwinds, such as a shock to the world’s oil supply that pushes WTI crude back over $100 per barrel, continue to maintain downside risk. “Every time price pokes above $70K, sellers show up,” he said. “Just steady profit-taking, not panic selling,” Doops observed. Bitcoin was up almost 8% during the week, with gains in March totaling 6.7%.

XRP Sees 7.1% Weekly Gain, Consolidates Above $1.40

After being heavily impacted by the general decline in the cryptocurrency market, which was spearheaded by Bitcoin, XRP is consolidating around the $1.40 mark. The 14-day RSI is in neutral area at 48.51, indicating balanced momentum with neither overbought nor oversold conditions. The asset temporarily reached a 24-hour high near $1.42 before falling. Finbold XRP is still over 40% behind its previous highs despite favorable fundamentals, such as Ripple’s ongoing institutional collaborations, ongoing ETF inflows close to $1.4 billion since debut, and improved on-chain metrics.

A well-known community member named Arthur publicly claimed that XRP is the target of a persistent and intentional price-suppression scheme, adding more debate to the token’s delayed price action. Since February, he has recorded nine distinct times in which XRP climbed toward significant resistance levels in the hours leading up to the opening of US markets, only to abruptly reverse once trading started. He provocatively dubbed this trend a potential “new Jane Street playbook.”

Large build-ups of leveraged long positions throughout each event, along with the pattern’s accuracy and consistency, were cited by Arthur as proof that coincidence is an improbable explanation. Not everyone in the community agrees. Trader Robert W. replied that this kind of price behavior is typical of routine liquidity changes and profit-taking that occur across various assets when US market hours begin. Arthur vehemently disagreed with this significantly more banal explanation.

ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

Bitcoin Reclaims $72,700 on Broad Market Surge: Coinbase Premium Turns Positive for First Time in 10 Weeks

30 minutes ago

Save

Occidental Petroleum (OXY) Surges 5% as Iran Conflict Tightens Global Oil Grips

3 days ago

Save

Trump Signals Iran Conflict Resolution: Bitcoin Eyes $70,000 as Risk Appetite Returns

3 days ago

Save