Trading

XRP-focused spot ETFs recorded $19.46 million in net inflows yesterday, outpacing Ethereum ($14.06 million) and Solana ($1.24 million) products while Bitcoin funds recently saw withdrawals. It was the strongest day for XRP ETFs since January 5, and cumulative inflows reached $1.20 billion, even as XRP's price swung between $1.53 and $1.63 before settling near $1.60.

On Monday, Michael Burry warned that ongoing Bitcoin weakness could trigger as much as $1 billion in end‑of‑month liquidations in gold and silver. By Wednesday morning in Asia, Bitcoin was at $76,362 after a 3.17% daily drop and a 14.44% weekly decline, as his remarks emphasized pressure on risk assets and corporate holders.

Based on XRP USD hourly data from Kraken, the price slid below $1.5320 and $1.5250 before tagging $1.50, then attempted a rebound above $1.550. It now trades under $1.6220 and the 100-hour Simple Moving Average, with resistance at $1.6250 and $1.650 and supports at $1.550 and $1.5250.

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XRP recently recovered from around $1.50 to trade near $1.60, even as resurfaced emails linked to Jeffrey Epstein and leaked Mojaloop discussions reignited debate over early payment networks. The rebound aligns with broader market stabilization, regulatory progress on an EU EMI license, a DXC Technology integration, and more than $280 million in diamond tokenization on XRPL.

According to the article, Bitcoin traded around $76,273 after a 3% move over the past 24 hours, while spot Bitcoin ETFs registered $562 million in net inflows as buyers stepped into weakness. Daily volume reached $67.8 billion, and UK‑listed SWC now holds 2,674 BTC, as chart signals highlight support near $74,000 and resistance around $84,000.

Bitcoin extended its drop under $75,000 and briefly touched $72,865 before attempting a rebound toward $76,500. The price is still trading beneath $79,000 and the 100-hour simple moving average, with a bearish trend line capping BTC near $77,200. If it fails to clear resistance around $77,000–$77,200, another move lower toward $74,000 or even $72,850 remains possible.

On February 4, 2026, the Japanese yen approached 160 per dollar, a level not seen in decades, as risk appetite faded. Traders who once expected a rebound shifted to growing net short positions, while Prime Minister Sanae Takaichi’s spending plans and a snap election slated for February 8 kept market focus on possible intervention around the 160 mark.

Bitcoin remained below $80,000 as on-chain SOPR fell to its lowest in a year, per CryptoQuant. The ratio’s slide toward 1.0 aligns with a local price low near $77,900 and suggests long-term holders have reduced profit-taking, while price stays under the 100- and 200-day averages.

Polygon’s POL token rebounded from the $0.10 psychological support after retesting this area at the start of January and over the weekend, gaining 15.25% on 2 January. Despite a monthly burn of 25.7 million POL and a single-day burn of 3 million tokens, the price remains locked in a $0.10–$0.18 range and is still influenced by Bitcoin’s bearish short-term trend below $79.4k. Analysts highlight $0.1325 as the next key upside level, while a reaction at the $0.13 supply zone could set the tone for either a pullback or a move toward $0.186.