XRP rebound faces resistance: Can the $17 target be reached? Ethereum's founder is adjusting positions again

【Crypto World】Recently, XRP’s performance relative to Bitcoin has been quite interesting——it has retraced from its earlier rally, and the long-anticipated golden cross seems to be falling short. From a technical perspective, the originally brewing breakout signals are now somewhat uncertain, but many analysts are still calling for a long-term target of around $17 for XRP. Whether it can reach this rally depends heavily on Bitcoin’s movement.

Interestingly, Ethereum co-founder Vitalik’s recent actions have also gained attention. He exchanged 9.4 ETH for six smaller-cap tokens, a move similar to his previous exit from SHIB——it seems he is not very optimistic about these projects’ potential. The coin selection trend of such influential figures often reflects shifts in market sentiment.

Another important signal comes from actions by US regulators. Regarding Venezuela’s $60 billion worth of Bitcoin, authorities have classified this as a geopolitical issue and are now urging Venezuela to establish a clear domestic cryptocurrency regulatory framework before the end of Q1. The message is clear——the interaction between crypto assets and national policies is becoming increasingly close.