The rise and fall of the manufacturing index from mid-2020 through 2023 
closely mirrored Bitcoin and the broader crypto market’s price movements over 
the same timeframe.

ISM Manufacturing PMI at 40-month high: Analysts say BTC could benefit

As XRP slides below $1.60, on-chain analytics firm Glassnode has highlighted 
how the current structure is looking similar to that of April 2022. XRP Is 
Fast Approaching Its Realized Price In a new post on X, Glassnode has talked 
about where XRP is currently trading with respect to its Realized Price. This 
on-chain indicator measures the cost basis or acquisition price of the average 
address on the blockchain. When the spot price of the cryptocurrency is 
trading above this metric, it means the investors as a whole can be assumed to 
be in a state of profit. On the other hand, it being below the indicator 
suggests the majority of the supply is underwater. Related Reading: Bitcoin 
Death Cross That Last Preceded A 66% Drop Is Back Now, here is the chart 
shared by Glassnode that shows the trend in the XRP Realized Price over the 
last several years: As is visible in the above graph, the XRP spot price has 
been above the Realized Price since 2024, indicating that holders have been 
enjoying net unrealized gains. The degree of profitability, however, hasn&#8217;t 
been constant in this period. The asset&#8217;s price had the largest gap over the 
metric back in late 2024, owing to a fast bull rally. Then, over the first 
three quarters of 2025, profitability gradually dropped as tokens changed 
hands at higher levels, leading to an increase in the Realized Price. The 
indicator hit a plateau in the last quarter of the year, but the bearish shift 
in the asset meant that it was now the price&#8217;s turn to approach the line, 
cutting back on average investor profits further. This trend has deepened 
recently. Following the sector-wide crash during the past week, XRP has come 
dangerously close to the Realized Price, which now sits at $1.48. &#8220;The current 
market structure is very similar to that of April 2022,&#8221; noted the analytics 
firm. Back then, the asset was transitioning to a bear market and its price 
fell to the Realized Price. That retest failed, and what followed was a steep 
move down that eventually led to the cycle low. Given the proximity that the 
current XRP price has to the indicator, it now remains to be seen whether a 
retest will occur in the near future and if it would lead to further bearish 
action like in 2022. Related Reading: Bitcoin Supply In Loss Turns 
Upward—Early Bear Market Signal? In the scenario that the cryptocurrency&#8217;s 
decline continues, technical support levels pointed out by analyst Ali 
Martinez may come into play. As displayed in the chart, Martinez has drawn 
levels based on a parallel channel pattern. &#8220;For XRP, resistance sits at 
$1.86, while support is at $1.38 and $1.02,&#8221; noted the analyst. XRP Price At 
the time of writing, XRP is trading around $1.60, down nearly 15% over the 
last week. Featured image from Dall-E, chart from TradingView.com

XRP Market Structure “Very Similar” To April 2022, Glassnode Says

Ripple has cleared a crucial regulatory hurdle in Europe, unlocking the 
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deepen institutional adoption as digital finance rules tighten. Ripple Breaks 
Into Europe’s Financial Core as Full EU EMI License Signals Green Light for 
Massive Expansion A major regulatory development is reshaping Ripple’s 
European […]

Ripple Signals Massive European Expansion After Clearing EU Regulatory Barrier

BitRiver, Russia&#8217;s largest bitcoin mining operator, is facing bankruptcy after 
a court initiated insolvency proceedings over unpaid debts.

Russia’s BitRiver faces bankruptcy over unpaid debts

Bitcoin’s latest stumble has caught the attention of several crypto desks, 
with Galaxy Digital’s Alex Thorn warning that mounting technical and onchain 
signals suggest prices may still have room to fall. Thorn Sees More Bitcoin 
Pain Before a Bottom As of Monday, Feb. 2, 2026, bitcoin was trading at 
$78,640 per coin, roughly 37.6% below […]

Cryptocurrency price in BHD