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XRP Price Wobbles at $2.00—Will Bulls Step In to Save The Week?

XRP price started a fresh decline below the $2.250 and $2.20 support levels. The price is now consolidating losses and remains at risk of more losses. XRP price started a fresh decline below the $2.250 level. The price is now trading below $2.220 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2.20 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to move down unless there is a close above the $2.30 resistance zone. XRP Price Dips Further XRP price failed to continue higher above the $2.350 resistance zone and started a fresh decline, like Bitcoin and Ethereum . There was a move below the $2.25 and $2.20 support levels. The price even dipped below the $2.120 support to enter a bearish zone. A low was formed at $2.0220 and the price is now struggling to stay above $2.0. The price is showing many bearish signs below the 23.6% Fib retracement level of the downward move from the $2.363 swing high to the $2.022 low. The price is now trading below $2.10 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.120 level. The first major resistance is near the $2.20 level or the 50% Fib retracement level of the downward move from the $2.363 swing high to the $2.022 low. There is also a key bearish trend line forming with resistance at $2.20 on the hourly chart of the XRP/USD pair. The next resistance is $2.30. A clear move above the $2.30 resistance might send the price toward the $2.350 resistance. Any more gains might send the price toward the $2.420 resistance or even $2.450 in the near term. The next major hurdle for the bulls might be $2.50. More Losses? If XRP fails to clear the $2.20 resistance zone, it could start another decline. Initial support on the downside is near the $2.020 level. The next major support is near the $2.00 level. If there is a downside break and a close below the $2.00 level, the price might continue to decline toward the $1.9650 support. The next major support sits near the $1.880 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.020 and $2.00. Major Resistance Levels – $2.20 and $2.30. Crypto Briefing

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FBI Links $1.5 Billion Bybit Hack to North Korea’s Lazarus Group

The Federal Bureau of Investigation (FBI) has officially attributed the recent $1.5 billion cyberattack on cryptocurrency exchange Bybit to North Korea’s state-sponsored Lazarus Group. The attack, which occurred on February 21, saw hackers infiltrate one of Bybit’s cold wallets and steal over 41,000 ETH. This breach added to a growing list of high-profile cryptocurrency heists orchestrated by North Korean hacking entities. US Authorities Sound Alarm on North Korea’s Crypto Heists In a joint Cybersecurity Advisory (CSA) issued by the FBI, the Cybersecurity and Infrastructure Security Agency (CISA), and the US Treasury Department, authorities warned about the increasing cyber risks posed by North Korea-backed advanced persistent threat (APT) groups. The Lazarus Group, also known by aliases such as APT38, BlueNoroff, and Stardust Chollima, has been conducting cyber theft operations since at least 2020. The entity has been known for systematically targeting cryptocurrency exchanges, decentralized finance (DeFi) protocols, play-to-earn gaming platforms, as well as venture capital firms investing in digital assets. The advisory outlined the group’s tactics, which include social engineering, spearphishing campaigns, and the deployment of trojanized cryptocurrency applications to infiltrate networks and exfiltrate funds. According to US authorities, North Korean hackers use sophisticated malware strains, including the notorious AppleJeus malware, to compromise cryptocurrency platforms. These cyber actors frequently exploit vulnerabilities in financial technology firms and blockchain infrastructure to launder stolen digital assets, ultimately funneling funds back to the North Korean regime. “TraderTraitor” The Bybit hack follows a familiar pattern, with attackers using deceptive recruitment tactics to lure employees into downloading compromised trading applications, referred to as “TraderTraitor.” These applications are designed with cross-platform JavaScript and Node.js to make them appear legitimate but contain hidden malware that allows attackers to gain unauthorized access to private keys and initiate fraudulent blockchain transactions. With North Korea’s cyber theft operations continuing to escalate, the US government has reiterated its commitment to combating illicit activities in the cryptocurrency sector. The FBI urges cryptocurrency firms to strengthen cybersecurity measures, monitor for indicators of compromise (IOCs), and implement robust security protocols to mitigate risks associated with North Korean-backed cyber threats. The post FBI Links $1.5 Billion Bybit Hack to North Korea’s Lazarus Group appeared first on CryptoPotato . Crypto Briefing