Binance Analyst Predicts Decisive Phase for XRP as Price Stalls at Key Fibonacci Level

Market technician CasiTrades has highlighted a critical juncture for XRP, noting its recent failed breakout attempt at the $2.118 Fibonacci level on Binance. With the token currently trading at $2.07, the analyst warns of a potential momentum shift as XRP remains trapped in a familiar structural range.

Analyst Highlights Decisive Phase for XRP

Market technician CasiTrades has emphasized that the long-stalemated XRP price action may soon enter a decisive phase. The analyst noted that XRP, currently trading at $2.07 on Binance, attempted a breakout alongside BTC but failed at the 0.618 Fibonacci retracement level of $2.118. This level is commonly associated with exhaustion, and the rejection caused momentum to shift. CasiTrades stressed that the token remains confined to the same structural range since early April, indicating that time is ticking for XRP to make a significant move.

Binance Founder Meets Malaysia Prime Minister to Discuss Crypto Future

Malaysia’s Prime Minister, Anwar Ibrahim, met with Binance founder Changpeng ’CZ’ Zhao to explore ways to enhance the country’s crypto and blockchain sector. They discussed Malaysia’s potential as a blockchain hub. This meeting follows similar discussions held earlier this year in January, underscoring the nation’s serious intent to become a major player in the industry.

Dogecoin Trader Expects Repeat of 300% Rally

Dogecoin (DOGE) is breaking out of a falling-wedge formation, similar to its last rally which saw a three-fold increase. An analyst, World Of Charts, has predicted another significant upside, expecting a 3x increase from current levels. The chart shows five months of compression since Doge topped at just under $0.48 in early December. The analyst referenced a previous post from April 13 where he had anticipated this move.

CTF Token Consolidates Amid Market Anticipation

CTF Token, a decentralized finance asset on the XRP Ledger, is currently consolidating after experiencing a significant price rally. CTF/XRP is trading with resistance at 0.15 and support above 0.13, while CTF/USDT is flat near $0.60. Traders are awaiting a breakout, and the upcoming token burn on May 3, along with institutional moves, may trigger price volatility. The asset recently surged from $0.30 to $748.50, reaching a market capitalization of $20 billion. Additionally, Deutsche Bank and Standard Chartered Bank have announced plans to launch crypto operations in the U.S., which coincides with major developments from CTF Token.

Solana Whale Makes $153M Profit from 4-Year Staking

A crypto whale who initially invested in Solana (SOL) when it was valued at $27 has made over $153 million in staking-related profits. The whale had staked 991,079 SOL in 2021 and recently unstaked 100,000 SOL, worth $13.9 million, depositing it into Binance. The whale still has 1.19 million SOL staked, valued at $166.37 million. The substantial profit highlights the potential of long-term staking in cryptocurrency.

Binance Co-Founder CZ Meets Malaysian PM to Discuss Blockchain Adoption

Binance co-founder Changpeng Zhao met with Malaysian Prime Minister Anwar Ibrahim to explore blockchain adoption and Malaysia’s aspirations for becoming a digital asset hub. The talks emphasized tokenization and digitization of financial instruments for future economic growth. Malaysia is looking to collaborate with regulators to ensure responsible blockchain innovation.