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Capital B's strategy could reshape European Bitcoin investment, testing market appetite for leveraged crypto exposure amid regulatory risks. Capital B shareholders approve massive share issuance and credit facility for Bitcoin acquisitions.

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Ripple's XRP is trading around $1.17 on Thursday after losing more than 3% of its value in the last 24 hours. The cross-border coin is holding below the upper boundary of its falling channel after facing rejection at higher levels. Despite a modest stabilization, XRP remains under pressure from broader technical resistance zones, and derivatives signals that point to cautious market sentiment. Derivatives data signals bearish tilt for XRP Market positioning data suggests a mildly bearish outlook for XRP. CoinGlass metrics show that XRP's OI-weighted funding rate has turned negative at -0.0090%, indicating that short positions are paying longs, a signal often associated with bearish sentiment. Furthermore, the long-to-short ratio has also tilted negative (0.

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The recent attempt by XRP to recover has encountered resistance and tumbled back down to the point of reset. The asset recovered the $1.20 area after rising from local lows around $1.05, but buyers have once again been unable to break through the cluster of resistance levels that has capped every rally since May.

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XRP (CRYPTO: XRP) has pulled back from this week's gains, but analysts believe the recovery structure stays “intact” as long as the coin defends the key support at $1.20. The Headwinds And Tailwinds In a note shared with Benzinga, Shawn Young, Chief Analyst at MEXC Research, stated that XRP's biggest headwind is “weak follow-through” across the broader cryptocurrency market, though he noted that inflows into spot exchange-traded funds are providing support.