Morgan Stanley’s proposed spot bitcoin exchange-traded fund (ETF), ticker 
MSBT, has received an NYSE Arca listing notice, a step that often comes just 
before launch. If it goes live, the fund could intensify fee pressure on 
Blackrock and Fidelity while opening a powerful new distribution channel for 
bitcoin exposure. MSBT Listing Signals New Bitcoin ETF […]

Morgan Stanley’s Bitcoin ETF Nears Launch on NYSE

A market analyst has released a new XRP price analysis, using the Bitcoin 
(BTC) chart and price action as the basis for her outlook. The analyst’s near- 
term outlook for XRP is bearish, with ongoing market volatility and shifting 
sentiment posing challenges. While she highlights potential downside targets, 
the analyst also applies Elliott Wave theory to pinpoint resistance levels, 
indicating areas where XRP could decline to. Market analyst Tara has shared 
her plan for XRP, drawing on patterns she observed on the Bitcoin chart. In 
her post on X, Tara outlined a clear roadmap for traders, warning that the 
current bounce seen in the XRP price could be a deceptive move and that 
significant downside risk remains ahead. The analyst identified a complete 
five-wave Elliott Wave decline on the one-hour XRP chart, noting that price 
finished its Wave 5 sell-off near the $1.362 support zone, a level visible on 
the chart as a strong horizontal floor. XRP Price Forecast Based On The 
Bitcoin Chart From that bottom, XRP has continued its corrective move upward, 
which Tara labeled as an ABC correction. This pattern consists of a Wave A 
rally, a Wave B dip, and a projected Wave C push, which she expects to carry 
the price higher in the short term. Related Reading: XRP Price Will Not Move 
The Way People Think, Here’s A Better Pattern The analyst explained that, like 
Bitcoin, XRP is currently awaiting a Wave 2 or Wave 5 retracement. She said 
the move is targeting the 0.618 resistance level at $1.51, which also lines up 
with a 1:1 measured move. Moreover, she clearly stated that this upward move 
carries a bearish label and should not be misconstrued as a sign of bullish 
strength returning to the market. Tara further warned that the move could trap 
many bulls. She noted that many traders may mistake the short-term rally for a 
genuine breakout, only to be caught off guard when the next wave begins. The 
analyst also noted that, based on her readings of the Elliott Wave structure, 
traders should already be thinking about what wave could come next once this 
retrace completes near the $1.51 resistance zone visible on the chart. Looking 
further ahead, Tara pointed to Wave 3 as the next major move to watch. She 
noted that Wave 3 carries downside targets as low as a Double Bottom at $1.12. 
The analyst added that the $0.87 macro support level on the price chart also 
remains a likely and valid target, representing a much deeper pullback from 
current price levels. Update On The XRP Price Action The XRP price is 
currently sitting at $1.37 after an unsuccessful attempt to break and sustain 
levels above the $1.40 resistance level. According to CMC data, XRP’s price 
performance has been largely bearish over the past two weeks, dropping by more 
than 6% in the last seven days and over 3% in the past 24 hours. Related 
Reading: XRP Still Stuck In Bear Market Cycle With Threats Of A Price Crash To 
$1.13 The recent downturn has been driven by a lack of strong bullish 
catalysts in a market marked by high volatility and ongoing geopolitical 
tensions. XRP’s persistent bearish technical structure and negative sentiment 
have also weighed significantly on its price momentum. Featured image from 
Getty Images, chart from Tradingview.com

Analyst Reveals The Plan For XRP Price Using The Bitcoin Chart

Representative Stephen Lynch voiced concerns about the direction of the SEC 
under Donald Trump, citing dropped investigations and enforcement actions on 
crypto companies.

SEC is no longer a ‘cop on the beat‘ on crypto, says US lawmaker

U.S. markets sold off sharply on Thursday as escalating U.S.-Iran tensions 
sent oil prices higher and pushed investors away from equities, crypto, and 
even gold. Wall Street Loses $1 Trillion in Single Session The Dow Jones 
Industrial Average fell 1.01% to close at 45,960.11. The S&amp;P 500 dropped 1.74% 
to 6,477.16. The Nasdaq Composite led […]

VIX Jumps to 27 as $1 Trillion Leaves US Stock Markets on Iran Oil Shock

The UK has sanctioned crypto marketplace Xinbi and Cambodia’s #8 Park scam 
compound over a $19.9b fraud and trafficking network, freezing London assets 
ahead of June’s Illicit Finance Summit. The UK government on March 26 
sanctioned Xinbi, a Chinese-language cryptocurrency…

Cryptocurrency price in TWD