XRP climbs to $1.50 despite fund outflows as bulls eye $2 next

  • XRP price hovers above $1.50, a four-week high.
  • The Ripple cryptocurrency is up amid gains for Bitcoin.
  • Traders are bullish despite $76 million in fund outflows last week.

XRP price rose to highs of $1.50 on Monday as corporate developments at Ripple and the broader market dynamics fueled bullish bets on the token.

Bulls’ resilience around $1.30 looks to be paying off as gains over the past week rise to double digits, with XRP hitting a market cap of over $90 billion despite recent outflows from Ripple-tied investment products.

While current market conditions could curtail momentum, the gains seen over the past week suggest buyers may have room to test sellers’ resolve above $2.00.

XRP price hits $1.50 – why is it surging?

XRP is currently holding onto gains of around $1.50 after top altcoins mirrored Bitcoin’s surge earlier in the day.

As BTC climbed to above $74,000 and Ethereum pumped toward $2,300, XRP edged higher to reach prices last seen in mid-February 2026.

Gains align with a pivotal boost that came from reports of Ripple launching a $750 million share buyback program.

The move offers early investors and employees a liquidity exit at a staggering $50 billion valuation as Ripple bids to stay private.

Fund flows not so encouraging

The past month has not been good for Ripple’s cryptocurrency in terms of attracting institutional interest in XRP investment products.

CoinShares notes that XRP saw over $76 million in capital exits from related digital asset investment products last week.

More than $133 million has exited XRP funds in the past month, leaving year-to-date flows at just over $19 million.

The cryptocurrency’s total assets under management currently stand at $2.4 billion.

XRP price technical outlook

Despite the recent outflow streak, speculative confidence has pushed open interest up.

Macroeconomic and geopolitical tensions from the ongoing Iran war aside, the Ripple coin could eye a retest of the $2.00 level.

On the bullish side, momentum could accelerate if Bitcoin rides energy sector uncertainty to above $80,000.

Technical indicators point to XRP’s readiness for an explosive uptick, with Bollinger Bands showing unprecedented compression reminiscent of record levels from 2024.

Often, such an outlook aligns with major volatility spikes across the ecosystem.

Trading in the $1.41-$1.50 region means bulls need a decisive break above $1.60 to unlock a short-term rally.

Bulls’ target amid this uptick will be $3.00.

The probability that XRP bulls flip resistance near current prices into support nonetheless hinges on broader market conditions.

In case buyers fail to hold $1.40, key support levels on the downside might include $1.31 and $1.20.

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Bitcoin tops $73K as SOL, ADA and BNB surge; $370M in shorts wiped out

  • Solana, Cardano, and BNB prices rose as Bitcoin surged past $73,000.
  • Altcoins surge as SOL passes $92, ADA hits $0.28 and BNB nears $675.
  • Price gain caught leveraged traders off guard, with over $370 million liquidated across crypto.

​Cryptocurrency prices climbed on Friday as risk assets attempted a rebound amid easing oil prices, with Solana (SOL), Cardano (ADA), and Binance Coin (BNB) among the tokens posting notable gains.

As these altcoins approached key price levels, bearish traders were caught off guard by the sharp move higher.

The spike wiped out many short positions, pushing total 24-hour liquidations beyond $370 million.

Most of the liquidations involved BTC and ETH shorts, though Solana also experienced a significant wave of forced exits.

SOL, ADA, and BNB surge to key levels

As US stocks posted modest gains alongside a pullback in oil prices, sentiment across the crypto market turned sharply positive.

The broader rebound pushed Solana (SOL) above $92, marking a 24-hour gain of more than 6% as renewed investor confidence returned to the market.

Cardano (ADA) also moved higher, reaching $0.28 after rising about 5% over the past 24 hours. The rally helped ADA reclaim its place among the top 10 cryptocurrencies by market capitalization, ahead of Hyperliquid.

Among other leading altcoins, BNB advanced to around $675, gaining roughly 3% during the same period.

These moves came alongside Bitcoin’s sharp rally above $73,000, with BTC reaching intraday highs of $73,758 at the time of writing.

The surge also lifted Ethereum (ETH), which climbed above $2,200 during the session.

​Liquidations jump 120% as shorts feel the pressure

According to data from CoinGlass, more than 93,680 traders were liquidated over the past 24 hours, with total liquidations exceeding $370 million.

Bitcoin accounted for more than $154 million in liquidations, while leveraged Ethereum traders saw more than $115 million in positions wiped out as ETH moved above $2,150.

On the global exchanges, the single largest liquidation occurred on Hyperliquid in the BTC-USD pair, with a trade valued at $4.24 million.

Meanwhile, more than $20 million in liquidations were tied to Solana positions, with long positions accounting for only about $2.4 million of that total.

Short sellers took the biggest hit, with more than $18 million in SOL short positions wiped out as Solana’s price volatility exceeded 8%. CoinGlass data also showed that more than 3,500 traders were liquidated as SOL crossed the $91 mark.

Elsewhere, BNB recorded roughly $820,000 in liquidations, while ADA saw about $985,000 in positions wiped out.

Such liquidation cascades can accelerate price rallies, as forced buying from margin calls injects additional liquidity into rising assets. Analysts say this dynamic often appears at the early stages of stronger market uptrends.

However, with macroeconomic and geopolitical risks still present, prices could remain volatile as traders continue to reposition.

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Bitcoin targets $73,000 as crypto bounces despite oil price jitters

  • Bitcoin is charging toward $73,000 amid a fresh decoupling from the stock market.
  • The surge in BTC price comes despite fears around escalating oil prices.
  • Ethereum, XRP, and Solana are also eyeing momentum as traditional assets falter.

Bitcoin climbed past $72,500 on Friday, extending gains ahead of the Wall Street open.

The cryptocurrency had earlier broken above $72,000 after buyers pushed it out of a consolidation range below $70,000.

The move came as digital assets appeared to shrug off a broader sell-off in equities.

At the time of writing, Bitcoin was trading around $72,518, up roughly 4% over the past 24 hours.

The rally to intraday highs came even as Asian stocks declined and S&P 500 futures slipped amid heightened geopolitical tensions.

Ethereum followed Bitcoin higher, touching intraday highs near $2,157.

Other major altcoins, including XRP, Solana, and BNB, also posted gains around key price levels.

BTC eyes $73k

Analysts attribute BTC’s uptick to crypto’s resilience in recent weeks despite the slump in sentiment following Israel and the United States’ attack on Iran.

While the war and the blockade of the Strait of Hormuz have stoked fears of inflation amid soaring oil prices, on-chain data suggests whales have used the dip for accumulation.

The crypto market has largely weathered the initial storm of the Iran war, and analysts are pointing to fresh decoupling from broader risk asset sentiment.

Amid this potential momentum buildup, Bitcoin is targeting its highest level in nearly two weeks.

After dipping to lows of $63,000 on February 28, BTC pumped to above $74,000 on March 4.

Bitcoin Price Chart
Bitcoin price chart by TradingView

Four consecutive red days saw bears push the bellwether crypto asset to lows of $65,000.

Since then, it’s been up on the daily chart as bulls target a fifth green candle.

If this happens, a breakout above $73,000 could bring the $75k-$78k region into play.

The 100-day simple moving average could offer the next resistance zone around $81,162.

Why could BTC see a sharp pullback?

This downside outlook aligns with potential fragility catalysed by geopolitical uncertainty and global oil pressures.

According to analysts, higher prices reinforce inflation risks and constrain risk appetite as yields rise and the US dollar strengthens.

Meanwhile, BTC and crypto may also face a downturn in momentum as investors slash odds of immediate Fed rate cuts.

Glassnode highlighted this picture via X:

“An accumulation cluster is forming in the $62k–$72k range. However, its intensity is modest relative to prior phases that preceded sustained expansions. Conviction is building, but the foundation for a mid-term breakout remains thin so far.”

Investors could thus go for profit-taking.

On the downside, immediate support lies at the psychological support level at $70,000. A stronger floor could be at prior lows near $66,250.

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Cardano price outlook as open interest drops

  • ADA traded near $0.26 as bulls looked to break above a key resistance line.
  • Open interest hovered around $414 million, sharply down over the past month.
  • ADA price could drop to $0.22 or lower if bears strengthen.

Cardano’s ADA remains under pressure as buyers struggle to regain momentum, with the token retreating from a key technical resistance level near $0.26.

The cryptocurrency is now down more than 20% year to date.

The decline has also pushed Cardano out of the top 10 cryptocurrencies by market capitalisation, after Hyperliquid (HYPE) climbed to around $38 and moved into the 10th position on CoinMarketCap.

As of March 12, 2026, Hyperliquid’s market capitalisation stood at about $9.6 billion, slightly ahead of Cardano’s $9.4 billion.

The ranking shift could reverse if a potential recovery driven by bullish network-related developments supports ADA’s price.

Otherwise, the prevailing downtrend could push the altcoin toward new multi-month lows.

Cardano open interest falls to $414 million

Cardano’s ADA has trended lower since reaching a peak of $1.01 in August 2025, with derivatives market data reflecting the weakening momentum.

Over the past several months, Cardano’s open interest has declined sharply from about $1.87 billion when the token rallied above $1.

By October 2025, open interest in outstanding ADA futures contracts had fallen to roughly $1.5 billion, before dropping further to around $842 million by mid-January 2026.

The metric now stands at approximately $414 million as of March 12, 2026.

Open interest typically falls as leveraged positions unwind, indicating reduced participation from speculative traders.

The decline of more than 50% from January levels suggests that confidence in ADA’s near-term price outlook has weakened, aligning with the token’s broader bearish trend.

ADA price outlook: bulls face downtrend risk

Cardano price hovers near the resistance line of a parallel channel formed since Feb. 26.

Prices slipped below $0.27 earlier this month amid comments from founder Charles Hoskinson.

From a technical analysis point of view, a breakout looks likely as bulls hold onto support near the trendline.

However, sellers have shown conviction, keeping ADA within a channel formation in place since October 2025.

In terms of the short-term outlook, momentum indicators on the daily chart reinforce the downward risk.

As can be seen below, the Relative Strength Index (RSI) signals weakness under the 50 mark, while the MACD also suggests buyers’ indecision could play into bears’ hands.

Meanwhile, the 50 and 100-day SMAs indicate downward strength.

Cardano ADA Price Chart
Cardano chart by TradingView

Cardano’s price is down more than 20% YTD and 70% in the past six months.

This means that failure to strengthen its recovery could risk ADA plunging to year-to-date lows of $0.22.

If price breaks below this level, ADA could face a deeper bearish setup.

However, if gains across crypto and network-related developments boost a fresh uptick, it could invalidate this outlook.

Breaking above the downtrend line and closing above $0.28 would embolden buyers, with key targets at $0.30 and $0.33.

Even then, bulls may need to reclaim $0.45 as support to retake control.

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Playnance plans to list utility token G Coin on March 18

  • Playnance to launch G Coin on March 18.
  • Token enters market with 200,000 holders and $38M estimated valuation.
  • Ecosystem processes millions of daily interactions across gaming, sports, and prediction markets.

Playnance, a Web3 infrastructure company focused on blockchain-based digital entertainment platforms, is preparing to launch G Coin, the utility token powering activity across its ecosystem of on-chain gaming, prediction markets, and interactive financial platforms, on March 18.

Unlike many token launches that occur before meaningful product adoption, G Coin enters the market as part of an already active ecosystem.

According to Playnance’s public tracker, the token currently has more than 200,000 holders, with about 13 billion G Coin distributed during the presale phase and an estimated market capitalisation of around $38 million ahead of its Token Generation Event.

G Coin serves as the unified economic layer of the Playnance ecosystem, enabling gameplay activity, predictions, settlements, rewards, and other forms of participation across the network’s platforms. “On March 18, G Coin will enter the market with real adoption already in place,” said Pini Peter, CEO of Playnance.

“With more than 200,000 holders and millions of daily on-chain interactions, G Coin introduces a usage-driven token economy designed to grow alongside its expanding global community. There are many other surprises on the way to take the entertainment world to the next level. Stay tuned.”

The token runs on PlayBlock, Playnance’s blockchain infrastructure designed to support fast, gasless interactions while maintaining non-custodial ownership and on-chain transparency.

The wider Playnance ecosystem operates at scale across multiple digital entertainment platforms.

Its infrastructure supports more than 300,000 registered accounts, integrates with over 30 game studios, and hosts more than 10,000 on-chain games.

Across the network, platforms process roughly 2 million on-chain transactions daily and enable interaction with over 2.5 million sports events annually.

Together, these systems create a high-volume on-chain environment where millions of daily interactions across gaming, sports, and financial prediction markets are powered by G Coin.

Recent developments across the ecosystem point to continued activity growth ahead of the token launch.

Earlier this year, Playnance reported that its “Be The Boss” partner program had surpassed $2 million in real cash payouts, while the broader ecosystem generated more than $5.3 million in total revenue.

G Coin operates under a fixed supply model capped at 77 billion tokens, with no future minting.

Circulating supply is managed through a structured lock-and-release system.

Tokens lost through gameplay are locked for 12 months before returning to circulation according to their original loss date.

Unsold tokens from the Token Generation Event are subject to a 12-month cliff followed by a 24-month linear vesting schedule.

With the launch of G Coin, Playnance aims to formalize the economic layer supporting its digital entertainment infrastructure, linking gameplay, sports events, prediction markets, and partner platforms within a unified on-chain ecosystem.

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