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Crypto.com:- In a big move by the leading crypto Exchange, Crypto.com, it has announced a new copy trading feature – the Whales Basket for its Stocks & ETF trading segment. Launched exclusively in the US, the feature will allow its users and investors to mimic the strategies of legendary traders. Making the announcement via X post,
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The post XRP Price Prediction For May 1 appeared first on Coinpedia Fintech News
XRP remains within a familiar range on the higher time frame, trading just above the 38.2% Fibonacci retracement level—a technical area often associated with wave 4 corrections in Elliott Wave theory. At the time of writing, XRP is down by more than 2% and is trading at $2.20.
The ongoing pullback is interpreted as part of a larger wave 4 correction. From this zone, a further upward move is possible, with chances for XRP to form another higher high. However, a deeper retracement cannot be excluded. In the event of another leg down, support between $1.22 and $1.34 would become the next area to watch.
The $1.21 level remains pivotal. A break below this point would significantly weaken the bullish case, suggesting a shift toward a more bearish outlook.
As long as XRP holds above the current upper support levels, the potential for an upward breakout remains on the table. Possible targets in this scenario include $5.00, $5.65, and even $6.60. While speculative discussions have pointed to the possibility of XRP reaching $10 or more, such projections are considered low-probability outliers without clear structural support at this stage. Any extended fifth wave would be unusual and would require strong confirmation.
XRP has undergone a retracement, with the current price structure appearing unclear and choppy. The recent move up may represent the beginning of a diagonal pattern, following a possible wave 4 low in April.
A minor B-wave correction around April 20 was shallow and may not provide enough structure to confirm the next leg upward. Currently, the price has recovered to approximately $2.16, after briefly dipping below weaker Fibonacci-based support. The more important level to monitor in the short term is $2.12. As long as this level holds, the chances remain for a continuation of the bullish pattern. A break below $2.12 could lead to a reset of the current wave count and signal a larger flat correction.
The post XRP Price Prediction For May 1 appeared first on Coinpedia Fintech News
XRP remains within a familiar range on the higher time frame, trading just above the 38.2% Fibonacci retracement level—a technical area often associated with wave 4 corrections in Elliott Wave theory. At the time of writing, XRP is down by more than 2% and is trading at $2.20. Wave Structure and Support Levels The ongoing …
The post Oregon’s Attorney General Revives Gary Gensler’s Case Against Coinbase: What Next? appeared first on Coinpedia Fintech News
In a surprising twist of events, Oregon Attorney General Dan Rayfield, who is affiliated with the Democratic Party, filed a securities enforcement action against Coinbase Global Inc. (NASDAQ: COIN) on Friday, April 18. Rayfield will be picking up from where former SEC Chair Gary Gensler left in asserting that Coinbase has over the years operated an unregistered securities exchange and a broker-dealer.
“In case you think I’m jumping to conclusions, the AG’s office made it clear to us that they are literally picking up where the Gary Gensler SEC left off. Seriously,” Paul Grewal, the Chief Legal Officer at Coinbase, noted.
Grewal pointed out that the lawsuit may hamper efforts by bipartisan lawmakers to pass comprehensive federal legislation for digital assets.
“Oregon’s holdout campaign is obstruction for the sake of obstruction. It is a desperate scheme that does nothing to move the crypto conversation forward, and in fact takes us a giant leap backward from hard-won progress,” Grewal added.
As Coinpedia reported, the U.S. SEC, under the Donald Trump administration, dismissed the Coinbase case with prejudice, meaning the case was permanently closed and cannot be brought back to the court. However, Oregon’s AG case against Coinbase changes the dynamics amid the ongoing global trade war
The announcement did not negatively impact Coinbase services or its stock market on Friday. Moreover, the mainstream confidence in Coinbase has significantly grown in the recent past, with the anticipated crypto regulatory framework ahead.
Meanwhile, Coinbase announced that it will do whatever is required to beat the case against Oregon’s AG.
The post Oregon’s Attorney General Revives Gary Gensler’s Case Against Coinbase: What Next? appeared first on Coinpedia Fintech News
Coinbase has held the stance that crypto assets are not securities but instead are digital commodities. The Donald Trump administration has been working with Congress to enact bi-partisan clear crypto regulations. The U.S. SEC under Paul Atkins has been dropping crypto cases to await clear directions from Congress. In a surprising twist of events, Oregon …
Layer-1 (L1) blockchain network Solana has seen a notable rise in user demand this April. This surge in activity is evident across key metrics, including a marked increase in the network’s daily transactions, fees, and revenue.
This has prompted a spike in the demand for SOL, pushing its price up 16% over the past 30 days. With the network showing no signs of slowing down, SOL could continue its upward trajectory in the short term.
The rise in Solana’s user activity this month is evident in its growing daily transaction count. According to data from Artemis, the network has processed over 99 million transactions since the beginning of April, representing a 12% month-over-month increase in daily transactions.
As a result of this increased user engagement, Solana’s network fees and the revenue generated from them have seen a notable uptick. According to Artemis, transaction fees on the network have surged by 35%, while revenue derived from these fees has climbed by 26% over the same period.
The surge in user activity across the Solana network has fueled demand for its native token, SOL. This is because, as more users interact with the L1, the need for SOL to facilitate transactions and pay network fees increases.
This has contributed to a double-digit price rally, with SOL climbing by over 16% in the past month. The price surge reflects growing investor confidence in the network and highlights the positive correlation between user activity and token value.
Hence, if user activity remains high on Solana, SOL could remain bullish into the new month.
On the daily chart, readings from SOL’s Directional Movement Index (DMI) confirm the buying pressure among its spot market participants. At press time, SOL’s positive directional index (+DI, blue line) rests above its negative directional index (-DI, orange line).
The DMI indicator measures the strength of an asset’s price trend. It consists of two lines: the +DI, which represents upward price movement, and the -DI, which means downward price movement.
As with SOL, when the +DI rests above the -DI, the market is bullish, with upward price movement dominating the market sentiment. If this persists, SOL could extend its rally and climb toward $171.88.
However, if Solana’s user activity wanes, impacting the demand for SOL, the coin’s price could shed recent gains, break below support at $142.59, and fall to $120.81.
The post Solana’s User Activity Sparks Double-Digit Price Jump, Positioning SOL for More Gains appeared first on BeInCrypto.