In a significant market move, COINOTAG reported on May 19th that a prominent crypto whale, identified as ‘0xb7d’, recently made headlines by undelegating a staggering 12.16 million ENA, roughly equivalent
Dogecoin retests a key breakout level as bulls attempt to reclaim $0.25 resistance.
The post XRP Price News: Key Support, Resistance, and What to Expect On May 19 appeared first on Coinpedia Fintech News XRP will officially be listed on the Chicago Mercantile Exchange (CME) Futures platform starting May 19, 2025. CME is one of the most respected derivatives exchanges in the world, and this move is a big milestone for XRP. As excitement builds around this announcement, let’s take a look at the latest price action for XRP and what traders should be watching in the days ahead. XRP Price Holding Key Support On the three-day chart, XRP is currently holding support just above the $2.30 level, specifically between $2.33 and $2.34. This area has been acting as a strong floor for the price in recent days. In the short term, as long as XRP remains above this support, there’s room for stability. However, if the price starts closing candles below $2.30, there’s a risk of a further decline. In that case, the next important support zone lies between $2.12 and $2.15. Resistance Levels to Watch If XRP manages to bounce from current levels, the next strong resistance between $2.56 and $2.62. This zone, known as a golden pocket resistance area, has historically acted as a barrier for upward moves. It will be a critical level to watch if the price attempts a recovery. Could a Bullish Pattern Be Forming? Despite the skeptical short-term outlook, there could be a bullish setup developing. If XRP drops further towards $2.12 — and then stages a solid rebound, it might form a large inverse head and shoulders pattern. This is a classic bullish chart formation that, if confirmed, could signal a significant upward move in the future. However, it’s important to note that this pattern has not yet formed or confirmed. It would require a further pullback, a clear bounce, and a breakout above the $2.56–$2.62 resistance zone to be considered valid.
The recent developments in the U.S. legislative landscape have significant implications for the financial sector, particularly in cryptocurrency. On May 19th, the U.S. House Panel advanced the Trump Tax Cut
The Australian Federal Police (AFP) has made significant asset seizures, including 25 Bitcoin and high-value properties, linked to a notorious crypto hack. In an operation stemming from a lengthy investigation,
On May 19th, COINOTAG reported a noteworthy incident involving a prominent trader, often referred to as a ‘whale,’ whose recent trading activities have raised eyebrows in the crypto community. Initially,
An Australian man from the state of Queensland has forfeited Bitcoin, a waterfront mansion and a Mercedes-Benz car after Australian Federal Police claimed the assets could be linked to the proceeds of crime. The AFP-led Criminal Assets Confiscation Taskforce (CACT) said in a May 18 statement that it seized nearly 25 Bitcoin ( BTC ), alongside the mansion and car, which are together worth a total of 4.5 million Australian dollars ($2.88 million). The AFP said its investigation began in September 2018 after law enforcement in Luxembourg shared information about suspicious Bitcoin transactions that the agency claimed were connected to the Queensland man, who was previously convicted of hacking a US gaming company. A waterfront mansion in Queensland was confiscated under the allegation that it's linked to the theft of 950 Bitcoin. Source: Australian Federal Police The AFP claimed its investigation also linked the man to the theft of 950 Bitcoin stolen from a French crypto exchange in 2013. No criminal charges were laid over the Bitcoin theft; however, the AFP obtained a court forfeiture order of the property, car and Bitcoin in April under the claim that they could not be linked with “identifiable legitimate earnings.” AFP uses “unique powers” to seize assets Local media outlet 7NEWS reported that the owner of the confiscated assets is Shane Stephen Duffy , who pleaded guilty to fraud and computer hacking in 2016 for selling the personal data of League of Legends players. A cyberattack on League of Legends developer Riot Games in 2011 saw hackers obtain the details of more than 5 million users; Duffy was not accused of being involved in the hack, with prosecutors saying he got a copy of the data online and sold it for profit. Duffy was also accused of hacking the X account of Riot Games president Marc Merrill to publicize his data-selling business, which offered to sell access to the accounts of other League of Legends players. Related: Aussies lost $122 million to crypto scams in the last 12 months: AFP AFP Commander Jason Kennedy said in a statement that the agency has “unique powers” under the Proceeds of Crime Act to “restrain and forfeit” assets it suspects to be proceeds of crime, including cybercrime . Source: Australian Federal Police “The profits derived from criminal activities are also often used to fund further criminal acts, which is why the AFP works closely with our partners in the CACT to target the proceeds of crime and ensure they are reinvested in the community,” he said. The proceeds from selling the assets will be sent to a special purpose fund that supports crime prevention and law enforcement-related measures, the AFP said. Since July 2019, the CACT has used its power to restrain over $1.2 billion in assets, including houses, cars, yachts, crypto and fine art. Magazine: Crypto wanted to overthrow banks, now it’s becoming them in stablecoin fight
Corporate treasuries could spark an economic revolution as bitcoin accumulation strategies reshape capital allocation and production profitability worldwide. From Holding BTC to Selling Operations, a Corporate Strategy Path Outlined by Bitcoin Advocate Bitcoin advocate Pierre Rochard, CEO of the Bitcoin Bond Company, outlined a vision for corporate treasury strategy on Saturday via social media platform
Bitcoin price started a fresh increase and cleared the $105,500 zone. BTC is now consolidating and might aim for another increase toward $108,000 Bitcoin started a fresh upward move from the $102,500 zone. The price is trading above $103,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $104,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $106,000 resistance. Bitcoin Price Extends Gains Bitcoin price started a fresh increase from the $102,500 support zone . BTC formed a base and was able to clear the $103,500 resistance zone. The bulls even pushed the price above $104,200. The bulls even pumped the price above $105,000. A high was formed at $107,042 and the price is now correcting gains. There was a move below the $105,500 level. The price dipped below the 50% Fib retracement level of the upward move from the $103,346 swing low to the $107,042 high. However, it is stable above $104,000. There is also a key bullish trend line forming with support at $104,200 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $104,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $105,500 level. The first key resistance is near the $106,000 level. The next key resistance could be $107,500. A close above the $107,500 resistance might send the price further higher. In the stated case, the price could rise and test the $108,800 resistance level. Any more gains might send the price toward the $110,000 level and a new all-time high. Another Decline In BTC? If Bitcoin fails to rise above the $105,500 resistance zone, it could start another correction. Immediate support on the downside is near the $104,500 level. The first major support is near the $104,200 level and the trend line. The next support is now near the $103,500 zone. Any more losses might send the price toward the $102,200 support in the near term. The main support sits at $100,500, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $104,200, followed by $103,500. Major Resistance Levels – $105,500 and $106,000.
In a recent development reported by COINOTAG, a significant transaction has occurred within the Ethereum landscape. On May 19th, tracking by EmberCN revealed that a major investor liquidated a staggering