XRP is back at a level traders remember all too well. The cryptocurrency 
suffered a sharp flash crash on October 10 that sent the price crashing down 
from $2.82 to $1.58 before an equally fast rebound toward $2.36. Months later, 
that same zone is back in play, but this time without the volatility spike or 
immediate recovery that characterized the earlier move. At the time of 
writing, XRP is trading around $1.44, down 10.4% over the past 24 hours. This 
sustained selling pressure has pushed the XRP price back into the flash crash 
low, and the next question is about what happens from here. Why The October 10 
Wick Low Matters So Much According to a technical analysis done by crypto 
analyst Hov on the social media platform X, the October 10 wick low has been 
one of the most important structural levels to hold on XRP’s weekly 
candlestick timeframe chart. Related Reading: XRP Just Hit A Golden Pocket, 
Relief Bounce Puts Price At $2.5 During the October 2025 flash crash, the XRP 
price registered a low of around $1.58, which acted as a panic extreme where 
the XRP price snapped back quickly once forced liquidations were cleared. 
However, the current situation looks different. XRP has now revisited and 
slightly undercut that wick low through real bearish trading, and as noted by 
crypto analyst Hov, things are starting to shape up. Hov’s technical analysis 
framework places XRP in the final stages of an expanded flat correction, with 
the current decline forming the C-wave. Notably, the analyst is tracking an 
ending diagonal within the C-wave. This is because ending diagonals are known 
for overlapping price action, compressed ranges, and false breakdowns that can 
shake out late sellers. If the structure holds, then XRP might transition into 
a stabilization phase and a potential reversal sequence. If it fails, then the 
corrective phase is not yet complete. $1.43 Is The Line That Changes 
Everything The most important thing to note going forward is how XRP reacts at 
$1.43 on the weekly timeframe. Technical analysis shows that this is the level 
XRP must hold to keep the current structure intact. A close below $1.43 would 
invalidate the ending diagonal thesis and shift the outlook decisively 
bearish. In the analyst’s words, that is where “things get real ugly real 
quick.” Related Reading: XRP’s 173-Day Theory: What Happens If This Historical 
Trend Plays Out Again The bullish scenario laid out on the chart also depends 
on XRP managing to hold above this $1.43 area. In that case, the projection 
shows the price stabilizing at this support before reversing higher and 
eventually going into a powerful rebound. Under this outlook, XRP would be 
entering an Impulse Wave V within a larger Elliott Wave structure. If that 
impulse plays out as expected, the chart points to long-term upside price 
targets stretching as high as $5.53. Featured image from Adobe Stock, chart 
from Tradingview.com

What Happens Now That The XRP Price Has Revisited The October 10 Lows?

This partnership signifies a pivotal shift towards more robust, scalable, and 
institution-friendly onchain financial markets.
The post Circle partners with Polymarket to enhance prediction market 
settlement appeared first on Crypto Briefing.

Circle partners with Polymarket to enhance prediction market settlement

Bitcoin (BTC) extended its sharp sell‑off on Thursday, briefly falling below 
the $67,000 level and marking its lowest price since November 2024. The 
renewed pressure follows commentary from market analyst Hugo Crypto, who 
pointed to a recent report from investment bank Stifel outlining a notably 
bearish outlook for Bitcoin. Deeper Bitcoin Drawdown Ahead? According to 
Stifel’s analysis, the leading cryptocurrency could continue declining toward 
$38,000. If reached, that target would represent an additional drop of roughly 
43% from current levels and would place Bitcoin back at prices last seen in 
January 2024. Related Reading: Ripple Throws Weight Behind Hyperliquid, 
Fueling HYPE’s Rally Toward Crucial Levels Stifel’s forecast is built on 
several macro and market‑specific factors. The firm cited the impact of 
tighter US Federal Reserve (Fed) policy, ongoing uncertainty and stagnation 
around US crypto regulation, shrinking market liquidity, and sustained 
outflows from spot Bitcoin exchange‑traded funds (ETFs). The bank also framed 
its outlook within the context of historical Bitcoin market cycles. According 
to Stifel, Bitcoin’s peak near $126,000 in October 2025 fits a familiar 
pattern seen in prior cycles, which have typically been followed by extended 
and deep drawdowns. Additional warnings were echoed by market observer Walter 
Bloomberg, who highlighted weakening demand, a sharp slowdown in ETF inflows, 
and growing stress in derivatives markets. Futures markets, in particular, 
appear to be entering what he describes as a “forced deleveraging” phase, 
where leveraged positions are unwound rapidly, adding to selling pressure. BTC 
Faces Key Technical Test ETF data from Thursday further illustrates the strain 
on market sentiment. Spot Bitcoin ETFs have so far recorded net outflows of 
approximately 7,925 BTC on the day, equivalent to about $533 million. Over the 
past seven days, net outflows have totaled roughly 19,090 BTC, or around $1.28 
billion, reinforcing concerns that institutional demand is fading rather than 
providing support. Related Reading: Bitcoin Crash To $72,000 Signals Major 
Reset: On-Chain Metrics Deteriorate From a technical perspective, analyst 
MartyParty highlighted the importance of the $68,000 level, which Bitcoin 
would need to reclaim to stabilize in the near term. This area aligns with the 
200‑week exponential moving average, a level often viewed as critical during 
major market corrections. Failure to hold above that zone could open the door 
to a move toward the 200‑week simple moving average, currently near $58,000, 
according to technical analysts. At the time of writing, Bitcoin was trading 
around $67,100, down roughly 8% on the day and more than 20% over the past 
week, based on CoinGecko data. Featured image from DALL-E, chart from 
TradingView.com

Bitcoin Crashes Below $67,000 As Stifel Warns Of Potential Drop To $38,000

U.S. equities extended their selloff Thursday, Feb. 5, 2026, as technology 
shares led broad declines across major benchmarks amid renewed risk-off 
sentiment. Nasdaq Leads Market Declines as Risk-off Sentiment Returns U.S. 
stock markets opened sharply lower, continuing a multi-session pullback that 
has weighed heavily on growth-oriented sectors. The tech-heavy Nasdaq 
Composite was among the hardest […]

Tech Rout Drags US Equities Lower as BTC Breaks Below $67K

SpaceX&#8217;s expansion into direct-to-device internet and new tech markets could 
significantly boost its valuation ahead of a potential IPO.
The post Musk&#8217;s SpaceX plans Starlink phone and direct-to-device internet as 
IPO nears: Reuters appeared first on Crypto Briefing.

Cryptocurrency price in GBP