Morning Crypto Report: XRP Reclaims Key 200-Week Support, Bitcoin Briefly Hits $47,511 in $8 Million Mistake, USDC on Cardano Hits First Big Milestone
The post Morning Crypto Report: XRP Reclaims Key 200-Week Support, Bitcoin Briefly Hits $47,511 in $8 Million Mistake, USDC on Cardano Hits First Big Milestone appeared on BitcoinEthereumNews.com.
TL;DR XRP gains support at long-term 200-week MA near $1.42. BTC briefly prints $47,511 on Lighter after a 1,000 BTC mistaken order, no liquidations. USDCx on Cardano records 111 testnet transactions ahead of pending launch. XRP: 200-week moving average becomes support again If you check out the weekly XRP/USD chart on TradingView, you will see that the price is currently around $1.4434, with this week’s range between $1.3140 and $1.4950. The 200-week moving average is at $1.4196, and XRP is back above that threshold. The 200-week MA is a popular way to spot long-term trends. When the price trades below it, the overall structure is usually seen as weakening. When the price bounces back and stays above that level on a weekly basis, it often indicates that the long-term positioning is back on solid ground. Morning Crypto Report: XRP Reclaims Key 200-Week Support, Bitcoin Briefly Hits $47,511 in $8 Million Mistake, USDC on Cardano Hits First Big Milestone Crypto Market Review: Will XRP Hold Support Line? Bitcoin Hides Severe Price Divergence, Ethereum (ETH) Bounces in Attempt to Recover $2,000 Daily chart of XRP/USD on Binance, Source: TradingView Right now, XRP is trying to turn that level from resistance back into support. The big technical question is whether weekly closes stay above $1.42. If this holds, chances are the price of XRP will keep going toward the next resistance at around $1.60. On the downside, if XRP does not hold the 200-week MA, the odds are increasing of hitting the $1.11 area first, followed by the $1 zone, where an early February sell-off marked local capitulation around $0.9968. Bitcoin: Trader’s typo leads to $47,511 BTC flash crash on Lighter While Bitcoin is trading near $68,072 on Binance, a separate event on the Lighter platform briefly dropped BTC to $47,511. What first seemed like systemic…
Filed under: News - @ February 26, 2026 6:28 pm