Crypto Chaos: XRP Flirts with 200-Week Support, Bitcoin’s $47,511 Oopsie, Cardano’s USDC Milestone!

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TL;DR

  • XRP clings to a 200-week lifeline at $1.42, but for how long?
  • Bitcoin‘s “oopsie” moment-$47,511 flash crash on Lighter. $8M mistake, no liquidations. Classic!
  • Cardano’s USDCx hits 111 transactions on testnet-baby steps toward the big launch!

XRP: 200-week moving average becomes support again

Let’s take a stroll through the weekly XRP/USD chart on TradingView, shall we? There it is, flirting with $1.4434, as the range this week dances between $1.3140 and $1.4950. A beautiful sight, if you’re into that kind of thing. The 200-week moving average? Oh, it’s resting comfortably at $1.4196, and surprise-XRP’s back above it. A perfect example of ‘I told you so’ in the crypto world.

The 200-week MA-ah, a symbol of stability, or so they say. When the price dips below it, the market trembles, as if the sky might fall. But when it surges above, like now, it’s a gentle reminder that everything’s just fine and dandy, or at least pretending to be.

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Morning Crypto Report: XRP Reclaims Key 200-Week Support, Bitcoin Briefly Hits $47,511 in $8 Million Mistake, USDC on Cardano Hits First Big Milestone

Right now, XRP is trying to turn that once cold, unyielding level of resistance into a warm, welcoming support. The burning question: will it stay above $1.42 for the week? If so, brace yourselves for a march toward the $1.60 resistance.

But, if this little 200-week dream falls apart? Well, brace yourself for the $1.11 area, and then maybe even lower. The last time it dropped that low, it was like the entire market had a collective emotional breakdown.

Bitcoin: Trader’s typo leads to $47,511 BTC flash crash on Lighter

Ah, Bitcoin, the gift that keeps on giving. While it’s prancing around near $68,072 on Binance, it briefly had a mid-life crisis on the Lighter platform-dropping to $47,511. Sounds like a disaster, right? But hold your horses-it turns out it was just a typo. A trader, bless their heart, accidentally placed a 1,000 BTC sell order at $47,511 instead of $67,511. And just like that, $8 million vanished into thin air.

Let’s be clear-this wasn’t some grand liquidation event that rocked the entire crypto universe. No, it was just a small, localized hiccup. But if you’re the poor soul who hit the wrong key, we offer our deepest condolences. You’re $8 million poorer, and the crypto world moves on, as it does.

The lesson here? In low-depth order books, one rogue order can create absolute chaos. But don’t worry, no harm was done to the broader Bitcoin market. Just to the trader. Oops.

Cardano: USDC on Cardano scores first 100 transactions on testnet

Meanwhile, in Cardano-land, USDCx has surpassed 100 transactions on its testnet, hitting a massive 111. Woohoo! According to Cexplorer data, the action is still in testing mode, but it’s a start. Remember, when there’s minting activity, it’s like the crypto gods are smiling upon the infrastructure, validating everything from issuance to cross-chain transfers. And soon… a launch?

There are already 100+ transactions with Circle’s USDCx stablecoin. 🪙

If you look into the tx details, you can see the team is still testing.

It’s expected to go live in the next days. Rooting for the teams and hoping everything goes smoothly!

– Cexplorer.io 🅰️ (@cexplorer_io) February 26, 2026

For now, it’s all about the basics-getting the USDCx token operational before the grand mainnet activation. If everything goes according to plan, we might be seeing more than just test transactions. More like DeFi integrations and liquidity pools… but, of course, no pressure.

Crypto market outlook: XRP, ADA, BTC

So, what’s the bigger picture? Well, XRP is holding steady at $1.44 and appears to have the 200-week MA on its side-at least for now. Bitcoin is consolidating near $68,072, though let’s not forget its little hiccup on Lighter. As for Cardano, it’s still in the testing phase, but the mainnet is on the horizon.

Key levels to watch:

  • XRP: Still above the 200-week moving average at $1.42, with $1.60 on the horizon if it holds steady. If not, $1.11 awaits.

  • BTC: Consolidating near $68,072 after its embarrassing flash crash. The real battle will be between $68,223 and $68,368.

  • ADA: Trading around $0.291, but expect drama once USDCx exits the testnet phase.

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2026-02-26 15:47