Cryptocurrency Market Update: XRP Avoids Breakdown, Vitalik Buterin Donates ETH

The cryptocurrency market has been witnessing significant price fluctuations in February, with various assets experiencing both ups and downs. One such asset is XRP, which has managed to avoid a breakdown against Bitcoin (BTC) despite displaying a slow-motion crash on the chart.

According to TradingView's monthly chart of XRP/BTC, the digital asset has maintained its stubborn resilience, closing near 0.00002088 on Binance. This indicates that the 'breakdown' will remain a 'shakeout' as long as the 0.000018 panic wick from earlier this month is not breached on a closing basis.

Meanwhile, Vitalik Buterin continues to donate Ethereum (ETH) to charity, netting approximately $15.51 million at an average realized price of $2,100. The donations have been made using decentralized liquidity protocols such as CoW Swap and Aave, which minimize the impact on the market.

Shiba Inu's (SHIB) market capitalization is within striking distance of overtaking PayPal USD's (PYUSD), with a potential 'March effect' looming. SHIB's current market cap stands at around $3.67 billion, while PYUSD has a valuation of approximately $4.07 billion.