April has been a turbulent month for XRP, starting at around $2.0897 and experiencing significant fluctuations. After a sharp correction of 14.06% early in the month, XRP saw a notable 20.08% surge between April 9 and 12. The price peaked at $2.3618 on April 28 but has since dropped by 3.98% since April 29, with a further 2% decline in the last 24 hours.
This recent price drop has led to intense debate among analysts. Some predict XRP price crash to as low as $1.55, while others argue that the current dip is merely a shakeout before XRP embarks on its next major rally.
Will XRP Price Crash in May?
Crypto analyst BLOCK BULL foresees a potential drop in the XRP market, suggesting that the price may dip below $2 in the short term. His forecast comes after XRP was rejected at the top of a bull flag pattern. Since then, the market has fallen by over 8%, and BLOCK BULL predicts a further decline to as low as $1.55—an over 30% drop from the recent high.
Is XRP’s Growth Potential Over?
Despite the bearish outlook from some analysts, many experts, including BLOCK BULL, believe the recent downturn is only temporary. They highlight XRP’s solid fundamentals, citing Ripple’s strategic partnerships, regulatory progress, and growing institutional adoption as key factors driving long-term growth.
In particular, Ripple’s recent success in halting legal proceedings with the U.S. Securities and Exchange Commission (SEC) has paved the way for a permanent settlement, further bolstering XRP’s long-term outlook.
XRP Price Analysis
Despite the current dip, most experts see this as an ideal buying opportunity. BLOCK BULL points out that whales are using price drops to accumulate more XRP, positioning themselves for the next upward move. Another analyst, BitGuru, sees $2.15 as a crucial support level. If XRP holds above this level, it could potentially bounce back to $2.25 or even higher.
Brett also believes in XRP’s long-term potential, stressing that the real value will be evident for those who hold through market fluctuations.
Conclusion
The consensus is clear: While XRP may experience short-term volatility, the current dip is an opportunity for long-term investors. With strong fundamentals and an improving regulatory environment, XRP’s price could see significant gains in the coming months. Keep an eye on support levels and market trends as we head into May.
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Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee and watch this space. Analysts say the next big move for Bitcoin (BTC) may be closer than it looks. With technical signals flashing and macro forces shifting, analysts are starting to lean bullish.
Crypto News of the Day: Bollinger Eyes Breakout as Macro Tailwinds Gather
Bitcoin is drawing renewed attention from analysts, with John Bollinger, the inventor of the Bollinger Bands indicator, sounding the alarm for a potential breakout.
Bitcoin looks to be setting up for an upside breakout. $BTCUSD More as the week gets going.
Bollinger’s post suggests technical momentum is building, with macro and political developments aligning with bullish setups.
Nic Puckrin, founder of The Coin Bureau, believes the US Senate’s passage of Trump’s $3.3 trillion Big Beautiful Bill has set the stage for long-term Bitcoin gains despite markets not reacting immediately.
“Trump’s ‘Big Beautiful Bill’ has passed in the US Senate, but has failed to immediately ignite a significant crypto rally…But while markets are still digesting its implications, the long-term impact is clearly nothing but positive for Bitcoin,” Puckrin told BeInCrypto.
According to Puckrin, the bill will add trillions to the US debt load, which, as BeInCrypto reported in a recent US Crypto News publication, positions Bitcoin as a life raft. Puckrin says this could accelerate the decline of the US dollar.
“A depreciating dollar creates the perfect environment for Bitcoin,” he added.
In a recent US Crypto News publication, BeInCrypto reported that the dollar index (DXY) posted a multi-year low. This came amid its worst start to a year since 1973, with interest rate cuts back on the table.
Puckrin sees the environment shifting decisively in Bitcoin’s favor, acknowledging that once the liquidity floodgates open, even $107,000 per BTC would feel like a deep discount.
Bitcoin Price Resistance Holds, But Market Eyes $110,500 Break
Despite the growing bullish sentiment, Bitcoin remains locked in a tight trading range between $107,000 and $110,000. The pioneer crypto faces immediate resistance at $109,500.
However, that move quickly lost steam as the market’s momentum remained muted. While Bitcoin’s long-term bullish setup is intact, spot demand continues to lag.
The pioneer crypto’s price action reflects this tension between strong fundamentals and macroeconomic uncertainty.
“Spot demand has been waning in recent times… weighing heavily on market sentiment…Bitcoin’s broader technical and bullish market position has remained structurally intact,” said Shawn Young, Chief Analyst at MEXC Research, in a statement to BeInCrypto.
The upcoming US tariff deadline and the colloquial “Crypto Week” in Congress, where digital asset bills are set for debate, could inject volatility and act as breakout triggers.
According to MEXC, a clean move above $110,500, backed by volume, would “validate the bullish setup and pave the way for a potential push to make new highs.
If macro conditions align, the analyst predicts a play to $125,000 in Q3 for Bitcoin and even $140,000 by year-end. This is modest compared to what Standard Chartered predicted in a previous US Crypto News publication.
“These developments [Bitcoin ETF flows, corporate treasury buying, a potential announcement by President Trump of Fed Chair Powell’s early replacement, and passage of the US stablecoin bill] along with further evidence of broader sovereign interest, should push Bitcoin to a new all-time high of around $135,000 in and $200,000 in Q4,” Standard Chartered Head of Digital Assets Research Geoff Kendrick said in a statement to BeInCrypto.
Chart of the Day
The chart below shows the BTC/USDT trading pair in the one-day timeframe. With Bitcoin between the middle and upper Bollinger band ($111,019), this indicates a potential continuation of an uptrend.
A break above the upper band could see Bitcoin test the $111,800 all-time high (ATH), potentially establishing a new peak.
Technical indicators align with the 50-day Simple Moving Average (SMA), providing initial support at $106,584 (yellow strand).
Meanwhile, the volume profile (yellow bars on the side) suggests significant bullish momentum, with traders waiting to interact with the BTC price upon any drop, potentially as low as $100,000.
The Relative Strength Index (RSI) at 54.34 adds credence to the bullish thesis, showing more room for the upside before BTC is considered overbought.
Conversely, if Bitcoin drops below the midline of the Bollinger band ($106,456), it would signal a trend reversal, with a breakdown below the lower band ($101,893) likely exacerbating the downtrend.
However, BTC must drop below the 100-day SMA at $99,026 to confirm a trend reversal from the prevailing uptrend.
Byte-Sized Alpha
Here’s a summary of more US crypto news to follow today:
Alex Mashinsky, once hailed as a pioneer in the crypto lending world, is about to spend the next 20 years behind bars because of what prosecutors call a “deliberate and calculated” scam in crypto history. With nearly $7 billion in customer losses, Mashinsky’s fate is about to be decided on May 8th.
Mashinsky To Face 20 Years In Prison
Mashinsky was the founder and CEO of Celsius Network, a crypto platform that once held over $20 billion in assets and promised investors high returns with little risk. But behind the scenes, things were very different.
On Monday, 28th April, the U.S. Department of Justice filed a formal sentencing memo, asking the court to give Mashinsky 20 years in prison. Prosecutors say his actions caused nearly $7 billion in losses in customer money when Celsius collapsed in 2022.
According to the DOJ, Mashinsky lied to users about the safety of their funds. He made risky trades, handed out unsecured loans, and secretly used customer money to push up the price of Celsius’s own token (CEL).
While publicly claiming he was holding onto CEL like other users, he quietly sold $48 million worth for himself.
Mashinsky Refuses to Take the Blame
Mashinsky’s lawyers have tried to blame the market crash and government regulators for Celsius’s downfall. But the Department of Justice (DOJ) says this wasn’t just bad luck, it was a well-planned scam.
The DOJ called him the “architect of a massive fraud” who still refuses to take full responsibility for what happened.
But this case isn’t only about money. More than 200 victims submitted emotional statements explaining how they lost everything when Celsius collapsed. Their stories were added to the DOJ’s filing, as prosecutors pushed for a tough sentence for Mashinsky.
Judge John G. Koeltl will deliver the final verdict on May 8 — a decision that could become one of the most defining moments in crypto legal history.
Prosecutors warned that a lighter sentence would undermine trust in the justice system and encourage other crypto leaders to chase profit at any cost. They insist Mashinsky has yet to take full responsibility, instead blaming regulators, the market, and even his customers.
This case is now a turning point in how crypto crime is treated in court.
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The post Celsius Scam News: CEO Alex Mashinsky to Face 20 Years in Prison appeared first on Coinpedia Fintech News
Alex Mashinsky, once hailed as a pioneer in the crypto lending world, is about to spend the next 20 years behind bars because of what prosecutors call a “deliberate and calculated” scam in crypto history. With nearly $7 billion in customer losses, Mashinsky’s fate is about to be decided on May 8th. Mashinsky To Face …
