This article is also available in Spanish. XRP price started a new decline below the support levels of $2,450 and $2,350. The price has now confirmed losses and remains at risk of further losses.

The #XRP price has started a new decline below the $2,350 level.
The price is now trading below the 100-hour simple moving average at $BTC The hourly chart of the XRP/USD pair (Kraken data source) shows a significant bearish trend line formation with resistance at $BTC the pair may continue downward movement if it does not break above the resistance zone of $BTC XRP price could not continue to rise above the resistance zone of $2.50 and began a new decline, similar to #Bitcoin and #Ethereum . Prices fell below the support levels of $2.35 and $2.250.
prices even fell below the support level of $2.20 and entered the bearish zone. The low was formed at $2.0639 and the price tried to start a recovery wave. The price rose above the 50% retracement level of the descending wave from the high of $2.604 to the low of $2.206.
However, on the hourly chart of the XRP/USD pair, bears remain active at the level of $2,350, and resistance is at $2,250. There is also an important bearish trend line formed.
the price is currently trading below the 100-hour simple moving average at $2.30. On the upside, resistance can be met at $2.250. The first major resistance is at $2.3250. The next resistance is at $2.40, i. e. at the 61.8% retracement level of the descending wave fib from the high of $2.604 to the low of $2.206.
A break above $2.40 could take the price to the resistance at $2.50. A further rise could take the price to $2.550 or even $2.5650 in the short term. The next major obstacle for the bulls could be $2.620.
further losses?
if XRP fails to overcome the resistance zone of $2.250, a new decline could start. The initial support for the decline is around the $2.1480 level. The next major support is around the $2.120 level.
If the price breaks down and closes below the $ 2.

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LIBRA and MELANIA tokens are accused of laundering $2.73 million through bubble transactions;

POPE tokens purchased for $2.76 million were sold for $BTC The redistribution of funds to multiple wallets and the alleged concealment of transactions.
According to Lookonchain monitoring reports, the team behind the LIBRA and MELANIA tokens is accused of laundering money through "laundered" transactions. Investigators claim that wallets associated with these projects made suspicious transactions with #meme coins and purchased them for 19,846 #SOL (about $2.76 million USD).
Shortly after the purchase, the POPE tokens were sold for just 175 SOL (about $24,000 USD), resulting in a loss of $2.73 million USD. This amount was reportedly redistributed across multiple wallets in a way that concealed its true purpose.
According to a Lookonchain surveillance report, the team behind the LIBRA and MELANIA tokens is accused of money laundering through washtrading. The specific transaction that was the subject of the investigation was the purchase of 19,846 SOL (approximately $2.76 million USD) worth of POPE meme coins. Shortly thereafter, the POPE tokens were sold for only 175 SOL (approximately US$24,000), resulting in a loss of US$2.73 million. Investigators claim that these losses were strategically transferred to other wallets in a way that looked legitimate.
this $2.73 million was effectively transferred to other wallets in a "legitimate" way.
Lookonchain stated this in a recent post.
Observations of Dexscreener hourly data for the POPE/SOL trading pair on #Raydium showed the POPE price at 0.05921 SOL, reflecting a 1.50% decline.
One-hour chart of the POPE/SOL pair Hourly chart, screenshot from Dexscreener at 16:21 (UTC) on February 26, 2025.
The volume of transactions recorded was 5,436K, which is consistent with allegations of artificial trading.
What is a "laundered trade"?
What is trade laundering?

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Read more % Bitcoin, Ethereum and Dogecoin cut losses despite widespread 'extreme fear': top analysts say buy dips What happened: bitcoin hit 86,008.23 for the day, its lowest since Nov. 12. It fell to $88,000 but recovered to $88,000 as traders bought into the drop. The major cryptocurrencies fell 13.43 percent in February, recording their worst February since 2014.

Ethereum also recovered after falling to $2,339 in the morning and rising above $2,500 by late afternoon. The second-largest #cryptocurrency has fallen more than 24% over the past month.
nearly $1.07 billion has been withdrawn from the cryptocurrency market in the past 24 hours, with bullish bets accounting for more than $873 million.
Open interest in #bitcoin decreased by 5.06% in the last 24 hours, with short positions increasing compared to long positions.
According to the Cryptocurrency Fear and Greed Index, the market has entered the "extreme fear" zone.
the global cryptocurrency market capitalization was 2.91 trillion U. S. dollars, down 2.49% in the last 24 hours.
leading stocks fell for the second day in a week: the S&P 500 index fell 0.47% to close at 5,955.25. The Nasdaq Composite Index fell 1.35% to close at 19,026.39. The Dow Jones Industrial Average rose 0.37% to close at 43,621.16
Leading the decline in the technology sector was Tesla Inc (TSLA); TSLA fell 8.39% and the Dow Jones Industrial Average fell 1.35% to close at 5,999.25. Among bitcoin-related stocks, Strategy Inc (STR) fell more than 11%. MSTR fell more than 11%.
President Donald Trump confirmed earlier this week that tariffs on imports from Canada and Mexico will take effect as planned, sparking fears of a full-blown trade war.
Wednesday after the market close, investors will pay attention to NVIDIA's earnings report.
More: Best Cryptocurrency Scanners
An analyst notes: the CEO of cryptocurrency payment company B2BINPAY Artur Azizov told Benzinga that bitcoin is now in a strong reversal zone.
"If the closing price falls below $89.233 and starts trading below this level, the outlook will not be very favorable because of the possibility of further declines.

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Lawmakers in the US state of Ohio have introduced a bill that would prohibit the state legislature from taxing digital assets if they are used as a means of payment.

The bill defines "digital assets" as #cryptocurrencies , stable coins and unique tokens.
The bill clarifies that state taxes, sales taxes The bill clarifies that taxes that normally apply to legal tender, such as state taxes and sales taxes, also apply to #cryptocurrency transactions, but no new fees are imposed. Ohio's "Basic Blockchain Law" also states that no governmental body or political subdivision shall prohibit individuals from accepting cryptoassets as payment for goods and services, including
the bill also allows state residents to retain the right to self-mine #digital assets using equipment or their own wallets and the right to participate in cryptocurrency #mining .
In addition, mining and staking, as well as exchanging crypto-assets for other crypto-assets, do not require a "money transfer" license under current Ohio law.
private individuals are also allowed to engage in cryptocurrency mining in residential areas as long as they comply with local zoning regulations. At the same time, miners are explicitly allowed to operate in industrial zones and would not be unfairly subjected to local zoning changes.
The proposed law also requires Ohio's pension funds to evaluate the potential risks and returns of investing in cryptocurrency funds and submit a report to the General Assembly within one year. The report would have to be submitted to the General Assembly within one year.
In recent months, Ohio lawmakers have been actively developing laws related to cryptocurrencies: in September, Ohio Senator Neeraj Antani introduced a bill requiring the state to accept cryptocurrencies to pay state taxes and fees.
In December, the Republican leader in the Ohio House of Representatives, Derek Mellin, introduced HB 703, a bill aimed at creating a state strategic bitcoin reserve.
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Leading financial services provider and trading firm Citadel Securities is eyeing cryptocurrency market-making. Sources told Bloomberg that the company plans to become a liquidity provider for major exchanges such as Coinbase, Binance and crypto.com.

According to sources, the #cryptocurrency market-making giant initially plans to set up a trading team in the U. S. once it is authorized to operate on exchanges. Sources said the company plans to set up a trading team outside the U. S. once it receives authorization to operate on exchanges. The company's level of commitment could change depending on how new regulations develop in the coming months.
This represents a shift from Citadel Securities' previous cautious approach to cryptocurrency marketing. The company has been limiting its involvement in cryptocurrency trading and avoiding retail exchanges due to regulatory uncertainty in the U. S.
the Miami-based company previously partnered with Charles Schwab and #Fidelity Investments to develop a traditional 2023 stock and bond market. It launched EDX Markets, a cryptocurrency exchange designed for and reflecting the structure of institutional investors.
Citadel Securities and other financial institutions have advocated for tighter regulation of #digital assets to create a roadmap for institutional investors. The company intends to provide liquidity for digital assets, as well as operations in the stock and bond markets.
This move comes amid the Trump administration's more generous stance toward crypto-assets. After becoming president, Trump issued an executive order on digital assets and created an SEC task force on cryptocurrencies led by prominent industry advocate Hester Pearce.
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Robert Kiyosaki, author of Rich Dad, Poor Dad, supports Michael Saylor's prediction that bitcoin could hit $13 million per coin on November 20, 2024.

Kiyosaki's post on X (formerly Twitter) in which he wrote, $13 million for bitcoin: ... According to Michael Saylor. I believe he's right. He's smart.
He compared bitcoin's potential to traditional education costs and added: #Bitcoin is worth $90000 today. If Sailor is ....... I think she's ...... and I think she's ....... and if that's the case, at today's value of $9000, ...... will buy 0.01 bitcoin. If you buy 0.01 bitcoin today, ..... tomorrow you will be a billionaire.
His remarks followed a discussion between Seylor and Patrick Bet-David, in which Bet-David questioned the long-term valuation of #MicroStrategy (now renamed Strategies. ) Bet-David's calculations showed that if bitcoin 13 million, MicroStrategy could become a $10 trillion company within 20 years.
Can bitcoin really reach $13 million?
Seiler defended this prediction and explained it with math: $13 million. Multiply that by $90000 and you get a big number, he said on November 19, 2024. He argued that if bitcoin penetration increases from the current 0.1% to 7% worldwide, demand will increase significantly, leading to a sharp rise in prices. Given that bitcoin's fixed supply is 21 million coins, this level of penetration could raise the price to millions per coin.
If bitcoin reaches $13 million, owning 0.01 #BTC , which is now worth $9,000, will become
Bitcoin vs. MBA: Which is more valuable?
Kiyosaki also criticizes student debt, saying that investing in bitcoin may be a smarter financial decision than taking out an MBA loan.
"Of course, it's better than taking out $50,000 in student loans.
Years of studying... Than years of studying for a frivolous MBA.
Let's be smart. .... Buy bitcoin now. I.

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Permanent link to this post: The Jiangsu Provincial Higher People's Court has ruled that investments in digital currencies are not protected under Chinese law.

contracts involving #cryptocurrency investments are considered invalid and the counterparties have no legal protection.
the ruling was based on a dispute between Singaporean and Chinese nationals.
Based on a 2019 dispute involving a Chinese national.
the Higher People's Court of Jiangsu Province, China, recently released information about a foreign-related case in which a 15.74 million yuan cryptocurrency contract between Singaporean investor Pan Moomaw and Chinese national Tian Moomaw was invalidated. Information about the case has been released.
Regulation of #cryptocurrencies in China has always been strict. Although Chinese citizens are allowed to own and trade #digital currency, the country does not recognize digital assets as legal tender.
So, according to Chinese law, all risks associated with cryptocurrency contracts and agreements are borne by the counterparty and cannot be protected by the law. This is especially relevant in the dispute between Pang and Tian, as it involves a foreign person.
In 2019, Singaporean Pang Mo Mo and Chinese national Tian Mo Mo formed a partnership to invest in a project called MFA #Blockchain .
According to the agreement between the two parties, Pang Moo Mo will contribute capital and Tian Moo Mo will be responsible for the technology and operations. After the project started, Pan contributed 15.74 million yuan (about 2.1 million U. S. dollars).
After a while, when Tian failed to return Pan's capital, Pan decided to pull out of the deal and asked Tian to return his investment.
Initially, Tian cited market liquidity problems. But he eventually returned 10.6 million yuan (about 1.4 million U. S. dollars) to Pan. The remaining 5.15 million yuan (about 700,000 U. S. dollars) remained unpaid.

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