Crypto Rally Continues: Bitcoin Nears $80,000, Ripple Seeks Key Break

Ripple's price has rebounded after three consecutive days of declines, with the remittance token holding above $1.40 support on Wednesday.

The upside for XRP appears capped at $1.50, while extended gains would face additional resistance at $1.70. A break above $2.00 could potentially shift the market from bearish to bullish.

Meanwhile, Bitcoin continues its rally towards $80,000 on Thursday, driven by increasing demand for debasement-resistant assets, according to Eric Balchunas, a Bloomberg ETF analyst.

The Spent Output Profit Ratio (SOPR) indicator above 1 suggests that investors are taking profits after the recent recovery in Bitcoin's price.