XRP has just tested a powerful support zone where multiple technical signals converge. A successful hold here may pave the way for a fresh rally toward key resistance levels, including a run at $3.00. Ripple ( XRP) dipped to the lower boundary of its long-term trading channel, only to find buyers stepping in at a level also marked by the 0.618 Fibonacci retracement of its prior swing. Simultaneously, price reclaimed the 200-day moving average and held above it. This alignment of support factors suggests that the recent pullback could be a low-risk entry point for bulls targeting higher levels—provided the setup holds up. Key technical points, Channel Low + 0.618 Fib Support: XRP tapped the rising channel floor, drawn from multi-month lows, right where the 0.618 retracement of the last major impulse also sits. 200-Day MA & Value Area Low: After briefly dipping below, price has reclaimed both the 200-day moving average and the monthly Value Area Low, confirming strong demand. Bullish Structure Flip: A higher low above these supports, followed by a higher high above the prior swing, signals a renewed uptrend on the higher timeframe. XRP USDT (1D) Chart Source: TradingView Detailed analysis When XRP returned to its channel floor, it coincided perfectly with a 0.618 Fibonacci retracement from the previous major rally. This dual alignment created pronounced buying interest, as longer-term holders viewed the dip as a value-buying opportunity. The presence of above-average volume on the rebound further confirmed that demand was genuine and not merely a short-lived scalp. Holding above the 200-day moving average added another layer of confidence for trend-followers. This average often acts as a barometer of long-term momentum, and XRP’s ability to close multiple days above it highlighted that bulls were still in control of the broader uptrend. Defending this level was critical to maintaining bullish conviction and preventing deeper retracements into lower support zones. You might also like: Bitcoin hits technical ceiling: is a drop to $86k next? Finally, once price moved back above its recent swing high, it completed a clear higher-high, higher-low sequence, textbook confirmation of an uptrend. Momentum indicators also began turning upward again, suggesting that buyers were ready to push price toward the next major hurdles. As long as XRP stays above that recent higher low and the 200-day MA, the setup remains valid for a continuation toward the Point of Control near $2.80 and, ultimately, the $3.00 range-top target. What to expect in the coming price action If this support cluster continues to hold, XRP’s next logical target is the mid-range region around $2.80, where the Point of Control resides and offers an interim supply zone. A decisive break above that level could then propel the token toward the $3.00 area, which aligns with the upper boundary of the long-term channel and a previous order block. Traders should watch volume on any retest of the channel floor: higher volume on bounces reinforces the bullish case, while selling pressure could signal weakness. Conversely, a sustained close below the 200-day MA and channel support would invalidate this thesis, likely leading to a deeper retracement and the need to reassess the trend. Read more: Experts back Solana, Sui, and this rising altcoin to continue crypto domination
Web3 security platforms Immunefi and Dedaub are collaborating to enhance the capabilities of Immunefi’s newly launched security operations command center, Magnus. Together, Immunefi and Dedaub protect more than $220 billion in assets, with Dedaub offering security and auditing tools used by industry leaders including the Ethereum Foundation, Coinbase, EigenLayer, and Chainlink. The companies said in an announcement that their collaboration eyes an onchain firewall for Magnus, enabling real-time threat detection for users. Magnus is a recently introduced web3-focused SecOps command center designed to offer a single interface for security audits, bounties, network monitoring and firewalling. Meanwhile, Dedaub’s onchain firewall technology, powered by novel artificial intelligence models, offers a solution that protocols can leverage to block most malicious threats before they impact the platform. “Together, we’re building a firewall purpose-built for web3 — designed to proactively block exploits before they can compromise vulnerable contracts. This Firewall is a practical step toward making protocol defenses more automatic and more reliable,” Neville Grech, co-founder of Dedaub, said. You might also like: Israeli-Russian man faces extradition to US over $190m Nomad crypto hack Through the partnership, Dedaub’s proven threat prevention technology will be integrated into Magnus. This includes over 200 security audits across DeFi and EVM-compatible ecosystems, as well as static analysis, real-time monitoring, and smart contract decompilation tools. The firewall integration will also provide actionable alerts and automation tools. As well as Dedaub, Immunefi recently announced Plume Network as a Magnus founding customer, with the real world assets blockchain platform tapping into Immunefi for end-to-end security as it scales its RWAs footprint. Immunefi reported in April that crypto hack losses in the first four months of 2025 had already surpassed $1.74B billion, four times more than the $420 million the crypto market lost over the same period in 2024. Notably, the hacked amount jumped 9x in January this year. Currently, the $1.74 billion figure means crypto hack losses in 2025 had already surpassed the $1.49 billion looted the previous year. Bybit’s $1.5 billion hack accounts for most of this. Part of Immunefi’s effort to help has seen it pay out rewards amounting to more than $115 million to security researchers. Meanwhile, the platform claims its technology has helped avert over $25 billion worth of potential hack losses. You might also like: Crypto hacks in Q1 soar 131% YoY as losses hit $1.63b, data shows
Changpeng “CZ” Zhao, the founder of Binance, reflects on his transformative prison experience, revealing insights into personal values and the reality of incarceration. The former CEO’s time in prison, following
More on eToro Group Limited eToro Group Files For U.S. IPO On Growth Volatility Trade war puts billions of dollars of IPO, M&A deals on ice - report Financial information for eToro Group Limited
Cardano (ADA) is poised for potential bullish momentum as key resistance levels align with positive network metrics and growing market sentiment. With low leverage positions and an encouraging Market Value
The X account of Curve Finance was most probably hacked. The DeFi protocol posted an airdrop link that may lead to personal wallet losses. The X account of Curve Finance unexpectedly posted an airdrop link urging registration for a new reward program. The unusual posting behavior was immediately recognized as a hack. Unlike other hacks that merely posted a CA for a meme token, this time, the X account of Curve Finance led to an airdrop page. The page requests data and the connection of a crypto wallet, which exposes users to risks. The Curve scam is on the Ethereum ecosystem, meaning users can revoke permission. Curve Finance’s X account posted promises of a new reward program, posting a malicious registration link. | Source: X.com Michael Egorov, the project’s founder, confirmed the account is still compromised, and none of the information on rewards or airdrops is true. On-chain investigators warned against linking a wallet for the airdrop and revoking all permissions if the users connected their crypto wallet. The risk for end users lies in signing test transactions, which may come from a malicious smart contract. The best approach is to avoid interaction with any links posted by Curve or to responses in the same threads. Usually, hacked accounts also call additional bots or scammers with fake links to revoke wallet permissions. Soon after the first message, Curve Fi continued with messages of an upcoming CRV token airdrop, urging registration before May 20. The messages were immediately deleted after posting, lasting 30 minutes before removal. Later, Curve Finance posted a thread establishing the Curve Reward Foundation, outlining a reward program and re-posting the risky registration link. What raised a red flag for the Curve community is that the project has already distributed all its CRV tokens, and they have a predetermined vesting and unlocking schedule. Over 42% of CRV tokens are unlocked, with a total supply of 3.03B tokens. No other sources have announced a CRV airdrop. Curve Finance aims to revive DeFi liquidity Curve Finance was one of the early DeFi exchanges, going through multiple liquidations and losses for its native token. At its peak, the protocol locked in over $23B in total value. The liquidity was wiped out during the UST depegging event and the crash of Terra (LUNA). The FTX bankruptcy further unraveled the deposits to Curve. Currently, the protocol carries around $2B in value locked. However, Curve hopes to revive its lending activity. Curve Llama Lend recently revived its locked value after a liquidity resupply event. Llama Lend is setting up expectations for a new DeFi summer following years of low-level activity. The Curve ecosystem is limited, depending on the crvUSD stablecoin. The token has just 158M in supply, making for a small DeFi sector. After the news of the hacked X account, the CRV token remained relatively unchanged. The asset is trading near a three-month high on expectations. Curve may make a recovery. The protocol has been lagging behind Aave and other DeFi apps following the 2022-2023 bull market. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Changpeng “CZ” Zhao, founder of Binance, reflected on his prison experience and how it brought him closer to his family.
The cryptocurrency market started the week in the red on Monday, May 5, after renewed tariff talk from US President Donald Trump dampened investor sentiment. Bitcoin (BTC) fell 1.8% over the past 24 hours to around $94,000, while Ethereum (ETH) declined 1.4% to approximately $1,805. XRP experienced sharper losses, dropping 3.1% to $2.13, while Solana (SOL) slipped 1.7% to $144. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
FUTURES MARKETS: CME BTC: -3% CME ETH: -2% NASDAQ: -0.3% SP500: -0.3% $BTC #BTC $ETH #ETH
Crypto momentum is picking up fast in Q2 2025, and savvy investors are tracking a handful of assets with consistent signals and strong narratives. Solana (SOL) , XRP , Bitcoin (BTC) , and Kaspa (KAS) are among the standouts, each offering a unique angle on performance, use case, or network strength. However, the growing story behind MAGACOINFINANCE is capturing the attention of early adopters—and for good reason. MAGACOINFINANCE – The Early-Stage Narrative With Long-Term Potential While the market watches large caps, MAGACOINFINANCE is gaining serious traction beneath the surface. The project blends political branding with early-stage tokenomics, creating a unique opportunity that’s just beginning to trend. Already, over $7.8 million has been raised , and investor engagement is climbing across Telegram, YouTube, and X. This isn’t just another campaign—it’s a community-backed, high-conviction entry point for those seeking asymmetric returns. With a 50% bonus still live (promo code: MAGA50X ), this is one of the rare opportunities to lock in exposure before listings begin. Solana and XRP Continue Gaining Market Share Solana (SOL) has reclaimed territory above $140 , with key resistance at $150 now in sight. A break higher could open the door to $200+ targets. XRP is holding steady around $2.15 , fueled by institutional flows ahead of the CME XRP futures listing . Analysts are watching for a test of $2.50 , with long-term projections extending toward $5 . Bitcoin and Kaspa Show Strength in Different Ways Bitcoin (BTC) remains the core driver of crypto macro trends. Holding above $95,000 , BTC is setting the tone for broad market direction. Kaspa (KAS) , trading near $0.10 , isn’t chasing headlines. Instead, it’s advancing on the back of real innovation. Final Thoughts As Solana , XRP , Bitcoin , and Kaspa continue to deliver momentum and investor confidence, MAGACOINFINANCE is stepping into the spotlight with strategic strength. In a market where timing matters more than ever, this may be the opportunity investors look back on in 2025 as the one that redefined their portfolio. To learn more about MAGACOINFINANCE, please visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Don’t Miss the Moves—SOL, XRP, BTC Accelerate as Kaspa Quietly Builds Steam