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Ripple CTO: Bitcoin crash a buying opportunity David Schwartz, Chief Technology Officer (CTO) at Ripple ( $XRP ), outlined on X that he sees this Bitcoin ( $BTC ) crash as a buying opportunity. When an X user asked why should he buy BTC and what can he do with it, Schwartz responded by stating that some Bitcoiners are considering these questions, while other Bitcoiners are not. He added that he’s fine with the views of both groups.

Franklin Templeton files prospectus for spot XRP ETF A prospectus for a spot $XRP exchange-traded fund (ETF) has been filed with the  U.S. Securities and Exchange Commission (SEC) by Franklin Templeton, according to Blockworks on X.

$XRP

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Ripple’s $XRP price prediction analysis currently indicates that a crucial battle is taking place at the $2 support level, with bearish momentum steadily increasing across the cryptocurrency market. The $2 support level has become a significant battleground for XRP, with buyers making multiple efforts to hold this price point. Since December 2024, this level has been challenged five times, with bulls successfully avoiding a collapse each time. Still, selling pressure is rising, and the issue is whether this support will endure. Technical indicators suggest that bearish sentiment surrounding XRP is gaining strength. Momentum oscillators are signaling increasing downward pressure, and market conditions remain uncertain. Recent price movements show sellers becoming more aggressive in attempts to push XRP below this critical threshold. The weekly MACD chart has formed a bearish crossover and is declining, which signals that sellers have market momentum control. If XRP fails to hold at $2, I foresee a possible drop to $1.60, and a Head-and-Shoulders (H&S) pattern that would indicate a bearish direction to take prices as low as $0.60. If, however, bulls manage to hold off $2, a rally back to $3 and $3.40 is still feasible. The direction of XRP will depend on market sentiment and general crypto trends. While buyers have so far defended at $2, rising selling pressure raises the threat of a breakdown. “With each try by sellers to break this key level, the probability of success grows.” While there is currently uncertainty, some analysts are bullish on XRP’s long-term prospects. Based on past trends repeating, XRP may go as high as $27 in a best-case scenario. For the time being, the $2 support level is the determining factor for XRP’s direction. If bulls hold on to this level, a recovery may ensue. But if sellers take control, a steep fall may be in the cards. Investors must keep a close eye on market action in the days ahead.