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XRP, Bitcoin, and SEC: Top Crypto News This Weekend

Discover the latest developments in crypto, including John Bollinger's insights on XRP, BlackRock's Bitcoin purchase, and SEC clarification on XRP and Cardano.
Published on 2025-03-17

XRP Shows Resilience, Gains 7.78% Amid Market Downturn

Legendary trader John Bollinger recently praised XRP for its resilience, comparing it to resisting the Siren’s song from Greek mythology. Despite a broader market downturn, XRP has gained 7.78% over the past week, outperforming Bitcoin’s 1.55% growth. Bollinger hinted that XRP could emerge as a new market leader. Two key factors driving XRP’s momentum include Franklin Templeton’s XRP ETF filing and the potential resolution of the Ripple v. SEC case.

BlackRock Injects $25 Million into Bitcoin ETF

BlackRock, a major crypto player, has resumed buying Bitcoin through its IBIT Bitcoin ETF, injecting $25 million worth of BTC from Coinbase Prime. This move brings relief after weeks of withdrawals from Bitcoin ETFs. Bitcoin’s price recently neared $85,000, showcasing its resilience. Experts believe this could signal a shift in market sentiment, potentially leading to bullish momentum. At press time, BTC trades at $83,195, up 0.38% in 24 hours.

Crypto Lawyer Debunks SEC Categorization Claims

Prominent crypto lawyer John Deaton has dismissed claims that the SEC categorized cryptocurrencies like XRP, Cardano (ADA), and Solana (SOL). Deaton warned the crypto community to be cautious of misinformation, as malicious actors could exploit such false narratives. At press time, XRP is priced at $2.33 (down 2.32%) and ADA at $0.7183 (down 1.47%). Experts urge investors to remain vigilant amid regulatory uncertainty.

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