XRP vampirized by leverage-driven pump; Bitcoin Extends 18% Gains Against Silver; Binance Lists Top 5 Pairs, Litecoin and Zcash Too – Morning Crypto Report

TL;DR

• XRP was vampirized by a leverage-driven pump: a quick boost to $1.42, then a reversal to $1.36 as open interest unraveled and positions were closed.
• Bitcoin extends its 18% gains against silver to 823 troy ounces per BTC, but is still down 74.3% against silver since August 2025.
• Binance lists five major spot pairs, including Litecoin and Zcash, all versus stablecoin U, with no-fee promotion driving activity.
• The macro focus remains on non-farm employment, business activity data and the Federal Reserve Beige Book, with BTC $70,000 as the pivot and XRP $1.45 as the bullish trigger.

Leverage-driven bomb for XRP turns out to be a ‘vampire attack’

Over the past 24 hours, XRP price experienced what can be described as a leverage-driven pump. As a result, it can be argued that XRP did not take advantage of the benefits of this pump, but rather was vampirized.

A large number of participants were drawn into long positions against what was likely an equally large number of short sellers on the other side. As a result, short positions were first reduced, and then those who believed in a complete cryptocurrency rally were left holding the bag.

Following this, the price of XRP rose more than 5% at one point, reaching $1.42 per token. However, shortly afterward it fell by 4.5%. Even though the context seems favorable at the moment, a day later it can be concluded that yesterday’s growth was a leverage-driven boost.

This is indicated, in particular, by CryptoQuant analyst Maartunn, who wrote that such pumps are accompanied by an increase in open interest. However, the pattern is that as open interest declines and positions are closed, a strong reversal occurs in the opposite direction, and that is exactly what we saw with XRP.

At the moment, the price of the token is $1.36. Since the beginning of the day, it remains in positive territory at just over half a percent, which is not significant for a token of this type and for the crypto market as a whole.

Bitcoin begins a counterrevolution against silver, still 75% less than in August 2025

The following story from the Morning Crypto Report concerns the Bitcoin-silver ratio, that is, what could be described as an alpha behavior of the cryptocurrency in relation to the metal, since, for the second day in a row, there has been a rebound in the price of Bitcoin, measured in troy ounces of silver.

At the moment, in two days, Bitcoin’s recovery against silver amounts to 18%, with the cryptocurrency now valued at 823 troy ounces per BTC. Despite this, this is still just the beginning of a recovery, even with double-digit figures, as from August 2025 to today, the cryptocurrency continues to fall by 74.3% relative to silver. Back then, last summer, it took almost 3,300 troy ounces of silver to buy one Bitcoin.

It can be assumed that the correction may continue as Bitcoin is extremely oversold against silver. Its 14-day RSI stands at 26.86, which is an area of ​​extreme oversold conditions. For comparison, since 2017 and before, Bitcoin has never been this cheap relative to silver. The last time it was comparably cheap relative to the metal was in 2022. After that, the price of Bitcoin rose by almost 400%, reaching the same levels from which the summer correction later began.

Does this mean that Bitcoin is now more attractive than silver? Unlikely. Fundamental indicators are still not in favor of the leading cryptocurrency. Technically, yes. Fundamentally, no. If everything is assumed to be already discounted, then the graph has legs. However, it is premature to claim that Bitcoin will now begin to recover its positions against the metal.

Binance enriches stablecoin U, with LTC, Zcash and others on the list

The final story of this report is that Binance has introduced five new trading pairs to the spot market: AVAX, Chainlink, Litecoin, PAXG (which is Paxos tokenized gold), and Zcash. On the one hand, we are receiving new pairs of some of the largest cryptocurrencies on the market. On the other hand, the most important part of the story is that they are trading against United Stables stablecoin U.

For those unfamiliar, this is a new stablecoin launched on both the BNB and Ethereum networks, and Binance has been actively promoting it for the past two months since its listing in January. The strategy is simple: the exchange lists the top alternative cryptocurrencies against U and thus increases trading volumes of the stablecoin itself. Additionally, as a “sweetener,” there is a zero-fee promotion for spot and U-margin trading pairs.

Currently, the market capitalization of this stablecoin stands at $980 million, which means it is close to surpassing the $1 billion mark. Its trading volume, according to CoinMarketCap data, amounts to $320 million, indicating a relatively high volume-to-market cap ratio and suggesting that Binance’s strategy is working and not working.

Crypto Market Outlook: XRP and BTC Price Update

The cryptocurrency market remains quite volatile as of Tuesday, March 3, which is not typical for a digital asset market in correction mode. However, this is the kind of period we find ourselves in, where, in the midst of macro and geopolitical events, everything is mixed together, including gold, silver, oil, and of course, cryptocurrencies.

The main events of the week continue to be the Federal Reserve’s Beige Book, which will set expectations for future US monetary policy decisions. This is extremely important for cryptocurrencies, which are now more closely linked than ever to US stock indices, US macroeconomic data, and the US dollar itself.

Price updates:

Bitcoin (BTC): Focus remains on the $70,000 level, which Bitcoin briefly touched yesterday before seeing a correction, while the $62,000 to $65,000 zone remains key support.

XRP: The bull case is a break above $1.45 and a move beyond $1.50 towards $1.85 per token. The bearish case is a loss of support in the $1.27 to $1.30 range and a further decline to $1.20. Regulatory clarity regarding the Clarity Act remains important for XRP, but for now, US lawmakers continue to maintain uncertainty.

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