XRP price failed to gain pace above $1.920 and trimmed gains. The price is now 
struggling and faces resistance near the $1.820 level. XRP price started a 
fresh decline below the $1.850 zone. The price is now trading below $1.850 and 
the 100-hourly Simple Moving Average. There is a bearish trend line forming 
with resistance at $1.920 on the hourly chart of the XRP/USD pair (data source 
from Kraken). The pair could continue to move down if it settles below $1.780. 
XRP Price Dips To New Weekly Lows XRP price attempted a recovery wave above 
$1.90 but failed to continue higher, like Bitcoin and Ethereum. The price 
started a fresh decline below $1.880 and $1.850. There was a move below the 
$1.820 support level. A low was formed at $1.7707, and the price is now 
showing bearish signs below the 23.6% Fib retracement level of the downward 
move from the $1.9331 swing high to the $1.7707 low. The price is now trading 
below $1.850 and the 100-hourly Simple Moving Average. There is also a bearish 
trend line forming with resistance at $1.920 on the hourly chart of the 
XRP/USD pair. If there is a fresh upward move, the price might face resistance 
near the $1.810 level. The first major resistance is near the $1.8520 level or 
the 50% Fib retracement level of the downward move from the $1.9331 swing high 
to the $1.7707 low. A close above $1.8520 could send the price to $1.880. The 
next hurdle sits at $1.920 and the trend line. A clear move above the $1.920 
resistance might send the price toward the $1.9650 resistance. Any more gains 
might send the price toward the $2.00 resistance. The next major hurdle for 
the bulls might be near $2.050. More Losses? If XRP fails to clear the $1.8520 
resistance zone, it could start a fresh decline. Initial support on the 
downside is near the $1.780 level. The next major support is near the $1.7620 
level. If there is a downside break and a close below the $1.7620 level, the 
price might continue to decline toward $1.720. The next major support sits 
near the $1.70 zone, below which the price could continue lower toward $1.680. 
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 – $1.780 and $1.7620. Major 
Resistance Levels – $1.8520 and $1.920.

XRP Price Turns Lower as a Familiar Pattern Reappears Again

The lawsuit against Jump Trading highlights the ongoing legal and financial 
challenges in the crypto industry, affecting market stability.
The post Jump Trading sued for $4 billion over Terraform Labs fallout: Report 
appeared first on Crypto Briefing.

Jump Trading sued for $4 billion over Terraform Labs fallout: Report

A new lawsuit has reopened scrutiny around the collapse of one of crypto’s 
most damaging failures. The legal fallout from the Terra collapse widened 
again this week. The Wall Street Journal reported on Dec. 18 that the court- 
appointed administrator overseeing…

Terraform Labs’ bankruptcy estate targets Jump Trading in $4B lawsuit

Data shows Bitcoin and Ethereum have formed a divergence in the Funding Rate 
indicator, with traders going long on BTC, short on ETH. Bitcoin &amp; Ethereum 
Funding Rates Are Showing Opposite Values In a new post on X, on-chain 
analytics firm Santiment has talked about how the Funding Rate has developed 
for Bitcoin and Ethereum amid the latest market volatility. Related Reading: 
Ethereum Risks Slide To $2,000 If December Closes Below This Level: Analyst 
Bitcoin and other cryptocurrencies saw some sudden price swings during the 
past day, with BTC&#8217;s price first rallying to $90,300 in a blink, but then 
crashing back toward $86,000 just as quickly. The coin&#8217;s decline later 
extended to $85,300. While BTC returned to about the same levels as before the 
flash surge, the same wasn&#8217;t true about Ethereum. After its rally to $3,000, 
ETH plummeted to $2,830, before another leg down to about $2,790. Before the 
volatility storm, the cryptocurrency was trading around $2,920. The difference 
in price action could be a potential factor behind the divergence that has 
formed in the derivatives market sentiment as gauged by the Funding Rate. The 
Funding Rate keeps track of the periodic amount of fees that derivatives 
traders are paying on all centralized exchanges. A positive value on the 
indicator is a sign that long investors are paying the short ones, while a 
negative one implies bearish positions outweigh the bullish ones. Now, here is 
the chart shared by Santiment that shows how the Funding Rate has changed for 
Bitcoin and Ethereum over the past month: As displayed in the above graph, the 
Bitcoin Funding Rate has been positive for the last few days, indicating that 
a bullish mentality has been dominant among the traders. This sentiment has 
been maintained even after the price volatility. Ethereum was also observing a 
positive value on the Funding Rate prior to the volatility, but unlike for 
BTC, the trend didn&#8217;t last. Since ETH has gone through its quick surge and 
flash crash, the indicator has turned red, a sign that shorts have started 
outpacing longs. The fact that bullish sentiment around ETH has weakened, 
however, may not actually be negative. According to Santiment, highly 
leveraged long positions have historically led to sharp liquidation events and 
volatility. This trend was also seen during some recent tops and pullbacks. 
Thus, considering that the Funding Rate is negative for Ethereum now, the risk 
of volatility may be lower. That said, Bitcoin&#8217;s long-heavy market could still 
be relevant for the cryptocurrency. Related Reading: Bitcoin Could Be 
Sub-$50,000 By 2028 Without Quantum Fix, Warns Capriole Founder As Santiment 
explains, &#8220;all assets will still move with Bitcoin, meaning Bitcoin&#8217;s funding 
rates must stay neutral or go negative in order to justify a clear path back 
to $100K and for altcoins to rebound.&#8221; BTC Price Bitcoin has recovered back to 
$87,100 following its plunge on Wednesday. Featured image from Dall-E, 
Santiment.net, chart from TradingView.com

Bitcoin & Ethereum Diverge: Longs Dominate BTC, While ETH Shorts Rise

U.S. regulators signaled a friendlier future for crypto, emphasizing 
innovation, privacy, and individual empowerment as the SEC outlined potential 
regulatory paths that could reshape digital assets and limit surveillance- 
heavy oversight. SEC Positions Crypto as a Core Driver of 21st Century 
Financial Infrastructure Regulators outlined a more constructive approach to 
digital assets during a policy discussion […]

Cryptocurrency price in VEF