People of Western nations will inevitably face massive asset seizure campaigns 
from their own governments as a new sovereign debt crisis emerges, according 
to Balaji Srinivasan. In a post on X, the former Coinbase CTO says that the 
global fiat system, especially dollar-based economies, is entering a sovereign 
debt crisis that will eventually force governments […]

Balaji Srinivasan Predicts Western Governments Will Launch Mass Asset Seizures Amid Sovereign Debt Crisis

XRP price extended losses and traded below $1.60. The price is now 
consolidating and might decline further if it remains below $1.50. XRP price 
started a fresh decline below the $1.650 zone. The price is now trading below 
$1.60 and the 100-hourly Simple Moving Average. There is a key bearish trend 
line forming with resistance at $1.650 on the hourly chart of the XRP/USD pair 
(data source from Kraken). The pair could continue to move down if it stays 
below $1.650. XRP Price Dives 15% XRP price failed to stay above $1.80 and 
started a fresh decline, like Bitcoin and Ethereum. The price declined below 
$1.720 and $1.650 to enter a short-term bearish zone. The price even spiked 
below $1.550. A low was formed at $1.50, and the price is now consolidating 
losses. There was a recovery wave above $1.550. The price even cleared the 
23.6% Fib retracement level of the downward move from the $1.938 swing high to 
the $1.50 low. The price is now trading below $1.60 and the 100-hourly Simple 
Moving Average. If there is a fresh upward move, the price might face 
resistance near the $1.60 level. The first major resistance is near the $1.650 
level. There is also a key bearish trend line forming with resistance at 
$1.650 on the hourly chart of the XRP/USD pair. A close above $1.650 could 
send the price to $1.720 or the 50% Fib retracement level of the downward move 
from the $1.938 swing high to the $1.50 low. The next hurdle sits at $1.770. A 
clear move above the $1.770 resistance might send the price toward the $1.80 
resistance. Any more gains might send the price toward the $1.8350 resistance. 
The next major hurdle for the bulls might be near $1.90. Another Decline? If 
XRP fails to clear the $1.60 resistance zone, it could start a fresh decline. 
Initial support on the downside is near the $1.540 level. The next major 
support is near the $1.5150 level. If there is a downside break and a close 
below the $1.5150 level, the price might continue to decline toward $1.50. The 
next major support sits near the $1.4650 zone, below which the price could 
continue lower toward $1.420. Technical Indicators Hourly MACD – The MACD for 
XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength 
Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – 
$1.540 and $1.50. Major Resistance Levels – $1.60 and $1.650.

XRP Price Stumbles Toward $1.50, Bulls Running Out Of Room

The Zamoskvoretsky Court in Moscow has reportedly ordered BitRiver CEO Igor 
Runets to remain under house arrest amid tax evasion charges.

BitRiver CEO arrested for alleged tax concealment: Reports

Crypto prices today are under pressure as Bitcoin and major altcoins extended 
losses amid forced liquidations and weak liquidity. The total crypto market 
capitalization fell 2.8% to about $2.6 trillion. Bitcoin was trading at 
$76,941 at press time, down 2.6%…

Crypto prices today (Feb. 2): BTC dips below $77K, XRP, LINK, XMR slide amid market crash

Bitcoin’s decline is mirroring SaaS stocks, proving that it is unlikely a 
crypto-specific narrative is driving the recent selloff, one analyst argues.

Cryptocurrency price in USD