A brutal crime spree in NYC nightlife was brought to justice as blockchain 
sleuthing by Coinbase exposed killers, recovered funds, and redefined crypto&#8217;s 
role in law enforcement. Coinbase Says &#8216;It Was One of the Most Difficult Cases 
We’ve Supported&#8217; Paul Grewal, chief legal officer at crypto exchange Coinbase 
(Nasdaq: COIN), revealed on May 6 that […]

Crypto Trail Ends in Murder Convictions—Coinbase Traced the Killers

After a brief period of consolidation and what looks like a looming break 
below the psychological $2 level, XRP is starting to show signs of 
bullishness. The cryptocurrency has recovered by 2% in the past 24 hours, even 
reaching an intraday peak of $2.2, which has allowed it to maintain a strong 
position above its critical support zone despite recent downward pressure. 
Notably, an interesting technical analysis on the TradingView platform shows 
that XRP is about to enter the path into a bullish continuation to $4. Low 
Volatility Points To Shift From Bearish Momentum Recent price action has seen 
bullishness slowly creeping back ito XRP&#8217;s price action. Interestingly, crypto 
analyst MasterAnanda on the TradingView platform noted a strange XRP signal on 
the daily candlestick timeframe chart. Although strange, the strangeness is 
not in a bad way, as this is a bullish signal. Related Reading: Crypto Analyst 
Reveals When The XRP Price Will Reach $25 – It’s Not Far Off According to his 
analysis on TradingView, the chart has transitioned from periods of high 
volatility and sharp swings, particularly noticeable from December through 
early April, to a phase characterized by increasingly small candles and 
narrowing price action. From April 13 to April 21, XRP’s daily candlesticks 
became significantly smaller, indicating minimal volatility even as the price 
moved upward. Nonetheless, this upward movement was enough to break above a 
downward sloping resistance trendline that has led to the creation of lower 
highs since January. A similar phenomenon occurred around April 28, with the 
price drifting slightly lower over seven days but refusing to form new lows. 
This kind of behavior, where price consolidates without breaking down, is 
often interpreted as a bullish continuation pattern. MasterAnanda sees this as 
a bullish signal. It is confirmation that bearish momentum has faded. No 
bearish action, no bearish momentum; just consolidation before additional 
growth. Consolidation Before Expansion: The Bullish Case For XRP The chart 
accompanying MasterAnanda’s analysis reinforces this outlook. XRP has 
repeatedly bounced from a clearly defined support zone around the $2.00 mark 
since April 16. The highlighted accumulation area on the chart shows that 
buyers have consistently stepped in when the price dips toward this region. 
Related Reading: XRP Price Approaching Next Major Liquidity Zone, Main Levels 
To Watch Out For More importantly, each consolidation phase since the $1.61 
low on April 7 has resulted in a higher low, further confirming a bullish 
structure. As the price continues to respect this zone, it lays the foundation 
for a strong upward breakout. The analyst projected a move toward $4, 
referencing a steep upward trajectory once the current range resolves to the 
upside. The green arrow marked on the chart above points directly toward this 
level. At the time of writing, XRP is trading at $2.17, up by 2% in the past 
24 hours. Featured image from Getty Images, chart from Tradingview.com

Bullish Continuation For XRP Price Shows Possible Recovery To $4

Governments are racing to lock in bitcoin reserves—investors now have a 
narrowing window before sovereign accumulation reshapes the entire crypto 
landscape. Bitcoin Reserve Momentum Surges as CZ Warns of Disappearing First- 
Mover Advantage Binance founder and former CEO Changpeng Zhao (CZ) has warned 
that the window for investors to buy bitcoin before government entities do is 
[…]

Window Closing: CZ Warns Time to Buy Bitcoin Before Governments Is Ending

Dogecoin has spent the better part of three years digesting its 2021 blow-off- 
top, yet the popular meme-coin may be about to leave the consolidation range 
behind, according to a fresh weekly chart shared on X by the pseudonymous 
analyst Maelius (@MaeliusCrypto). Dogecoin &#8216;Looks Incredible&#8217; The DOGE/USDT 
pair on Binance is printing a weekly candle at $0.1828 (open 0.1705, high 
0.1833, low 0.1643), up 7.2% on the week. Two long-term moving averages frame 
the current structure: the 50-week exponential moving average (EMA-50) at 
$0.203 in blue and the rising 200-week EMA (EMA-200) at $0.138 in red. Price 
sliced below the EMA-50 earlier this year, but—crucially in Maelius’ 
view—never lost the EMA-200, which now sits inside a broad, slate-coloured 
demand zone running roughly from $0.11 to $0.20. A second layer of support 
comes from an ascending red trend-line that links the October 2023, August 
2024 and April 2025 swing-lows. The most recent pullback, labelled “2” on the 
chart, bounced almost precisely where that diagonal meets the EMA-200 and the 
lower edge of demand—an area of triple confluence that technicians often see 
as a textbook springboard for the next advance. Related Reading: 72% Of 
Binance Traders Go Long On Dogecoin, What Does This Mean For Price? Maelius’ 
primary thesis rests on a nested 1-2, 1-2 Elliott Wave count. The first “1-2” 
sequence began with a thrust to ~$ 0.2288 in March 2024, retraced to $ 0.0805 
in August the same year, and then ignited a larger impulsive leg that topped 
near $0.4843 in December last year (labelled the second “1”). The corrective 
follow-through to $0.1298 in April completed the second “2”. In Elliott 
terminology, two consecutive 1-2 structures “wind the spring” for wave 3 of 
(3)—historically the longest and steepest portion of an impulse. Maelius 
places the coming third wave, its subsequent fourth-wave consolidation, and a 
final fifth wave in the blank area above current price. He predicts DOGE to 
reach roughly $1 as part of the third wave, followed by a correctional fourth 
wave below $0.70. The fifth wave is forecasted to reach its climax somewhere 
between $1.30 and $1.70. Related Reading: Dogecoin Bounce Expected By Analyst 
Who Called Bitcoin Bottom Beneath the price action sits the WaveTrend 
Oscillator (WTO), a momentum indicator closely related to the TSI that 
measures the distance between an asset’s price and its own smoothed values. 
The WTO prints two lines and a histogram; a bullish cycle begins when the 
faster line crosses above the slower one from oversold territory (–60/–53 in 
the standard settings). That cross has just fired on the 1-week timeframe for 
the first time since the August 2024 low. The histogram has shifted from deep 
red to neutral grey, echoing similar transitions that preceded Dogecoin’s 
previous vertical advances. Put together, the chart describes a market that is 
holding a multi-year demand block, trading above its 200-week EMA, 
testing—though not yet reclaiming—its 50-week EMA, and exhibiting a fresh 
bullish momentum cross. From a pure-chart standpoint, those ingredients 
satisfy many of the conditions technicians look for when hunting the start of 
a primary trend leg. Maelius concludes: “DOGE looks incredible here, despite 
the fact it went lower as I initially expected (was expecting EMA50 to 
hold).Respecting major demand area, EMA200 as well as diagonal support and it 
seems like 1,2,1,2 is completed and now we head for 3rd EW (within larger 
3rd). 1W WTO recently crossed, which is also supportive of bottom being in.” 
At press time, DOGE traded at $0.18445. Featured image created with DALL.E, 
chart from TradingView.com

Dogecoin ‘Looks Incredible Here,’ Says Crypto Analyst — Here’s Why

A crypto-skeptical commissioner at the US Securities and Exchange Commission 
has blasted her agency over its settlement letter that could finally end the 
Ripple legal saga.
The SEC and Ripple filed a joint settlement letter in a New York court asking 
for the August 2024 injunction against Ripple to be dissolved and $75 million 
of the $125 million in civil penalties held in escrow to be returned to the 
crypto firm, according to a May 8 statement from the SEC.
SEC Commissioner Caroline Crenshaw blasted the pending deal in a May 8 
statement, saying it would damage the regulators&#8217; ability to keep crypto firms 
in line and undermine the court&#8217;s ruling.
_Source:__James Filan_
&#8220;This settlement, alongside the programmatic disassembly of the SEC&#8217;s crypto 
enforcement program, does a tremendous disservice to the investing public and 
undermines the court&#8217;s role in interpreting our securities laws,&#8221; she said.
&#8220;In the meantime, the settlement joins a line of dismissals that collectively 
erode the credibility of our lawyers in court who are being asked to take 
legal positions today contrary to the ones taken just months ago.&#8221;
Under the Trump administration, the SEC has slowly been walking back its 
hardline stance toward crypto firms forged under former SEC Chair Gary 
Gensler&#8217;s reign, dismissing a growing number of enforcement actions against 
crypto firms.
At the same time, Crenshaw argues that if Judge Torres accepts the settlement, 
it would erase &#8220;the investor protections we already won&#8221; and leave a 
&#8220;regulatory vacuum,&#8221; until the crypto task force hammers out a regulatory 
framework.
&#8220;The settlement is not in the best interests of the investors and markets that 
our agency is tasked with serving and protecting. It creates more questions 
than answers.&#8221;
In August last year, a Judge ordered Ripple to pay $125 million in penalties 
after ruling the firm&#8217;s XRP (XRP) token was covered by securities laws only 
when sold to institutional investors.
## What&#8217;s next for the Ripple case? It&#8217;s not over yet
While the SEC and Ripple have agreed to a settlement, it&#8217;s still not a done 
deal, according to ex-federal prosecutor James Filan, because there are 
several steps before the long-running legal saga can conclude.
For a start, Judge Torres needs to provide an indicative ruling if she agrees 
to the settlement letter, Filan said in a May 8 analysis on X.
_Source:__James Filan_
If Torres provides an indicative ruling, the SEC and Ripple will ask the 
Second Circuit Court of Appeals for a limited remand back to Judge Torres, 
which, if granted, will result in another motion being filed for the agreed 
settlement, according to Filan.
_**Related:**__**Bitnomial drops SEC lawsuit ahead of XRP futures launch in 
the US**_
&#8220;After the injunction is dissolved and the funds distributed, the SEC and 
Ripple will ask the Court of Appeals to dismiss the SEC&#8217;s appeal and Ripple&#8217;s 
cross-appeal. Then it will be over,&#8221; he said.
The SEC initially launched legal action against Ripple Labs in December 2020, 
accusing the firm of illegally selling its token as an unregistered security.
_**Magazine:**__**SEC &#8216;s U-turn on crypto leaves key questions unanswered**_

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