XRP Reclaims $1.40 After Jane Street Halts 10 a.m. Sell-Off, Eyes $1.50

▲ Bitcoin (BTC), XRP / ChatGPT-generated image

XRP has successfully entered a new upward phase, shaking off the selling pressure that had weighed on the market at specific times of day, aided by news of a legal dispute involving major market maker Jane Street.

According to cryptocurrency media outlet CoinGape on February 26 (local time), XRP recently reclaimed the $1.40 level, drawing strong investor interest. The rally followed reports that the liquidator of Terraform Labs filed a lawsuit against Jane Street on allegations of insider trading and market manipulation. The news appears to have eliminated the long-suspected pattern of concentrated selling at specific hours. Market participants view the legal action as a potential turning point in enhancing trading transparency across the broader digital asset market, including XRP.

Crypto market participants had long expressed frustration over the so-called “10 a.m. dump” pattern, in which large volumes of unexplained sell orders would hit the market daily at 10 a.m. Eastern Time, driving prices lower. Analysts had pointed to Jane Street as a potential source of this pattern, and following the lawsuit, selling pressure during that time frame sharply declined, with buying activity instead emerging. As allegations surfaced that Jane Street profited unfairly using non-public information obtained during the Terra-Luna collapse, it is highly likely that the firm’s algorithmic trading strategies were halted.

Supported by improved supply-demand dynamics, XRP is now targeting the key technical resistance level of $1.50. Over the past 24 hours, XRP has posted gains of more than 7%, with its market capitalization reaching approximately $88.53 billion, demonstrating solid support. On-chain data indicates that whale investors accumulated substantial holdings during the recent consolidation phase, signaling the potential for a strong rally toward the $2 mark. Currently, XRP is consolidating above the $1.40 support level as it builds momentum for the next upward wave.

Major assets such as Bitcoin (BTC) and Ethereum (ETH) also moved higher following news of the Jane Street lawsuit, improving overall market sentiment. Bloomberg’s senior ETF analyst Eric Balchunas predicted that with the “invisible hand” suppressing the market now removed, capital inflows into spot crypto ETFs could accelerate further. Increased regulatory scrutiny and enhanced transparency are emerging as powerful factors prompting institutional investors to refocus on XRP’s technical strengths and real-world payment utility.

XRP has successfully broken out of its long-term downtrend channel and established stability above a new upward trendline, officially confirming a bullish reversal. As the Jane Street lawsuit addresses structural market issues, XRP’s price stability and liquidity framework are expected to strengthen further. Market participants are closely monitoring trading volume changes following a break above $1.50, as well as broader macroeconomic indicators, while maintaining strategic positioning.

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