A Seoul court has temporarily halted a six-month partial business suspension 
imposed on South Korean crypto exchange Bithumb, dealing a significant legal 
setback to the country’s financial regulator just weeks after a similar ruling 
went against it in the Upbit case. Key Takeaways: Seoul’s court halted 
Bithumb’s 6-month FIU suspension on April 30, allowing the […]

Seoul Court Rescues Bithumb from Record 6-Month Suspension

XRP is entering a critical phase as its price action tightens within a 
symmetrical triangle, signaling that a major move may be imminent. With 
volatility compressing and market pressure building, the current structure 
suggests that a breakout could be both sharp and decisive. Triangle 
Compression Tightens As XRP Nears Apex XRP is currently exhibiting a classic 
consolidation phase, carving out a well-defined symmetrical triangle on the 
daily chart. According to analyst Ali Charts, as the price action funnels 
toward the apex of this formation, market energy is coiling intensely, a 
phenomenon that historically precedes a massive spike in volatility. Related 
Reading: XRP Signals Massive Breakout: $10 Target In Sight As Momentum Builds 
Based on the height of the triangle formation, technical projections suggest 
that a decisive breakout could trigger a price movement of approximately 26%. 
However, because symmetrical triangles are inherently neutral patterns, they 
offer no directional bias until the price escapes the structure. To avoid the 
risks associated with market noise and fake-outs, a strict no-trade zone has 
been designated between $1.35 and $1.45. Engaging in positions within this 
narrow corridor often results in being trapped by short-term fluctuations that 
do not reflect the true trend. The most prudent strategy involves waiting for 
a confirmed daily close outside of this range to validate the next leg. A 
successful close above the $1.45 resistance would set a bullish target of 
$1.82, while a breach below the $1.35 support could see the price slide toward 
the $1.00 level. Despite steady institutional inflows via ETFs, retail 
momentum is still waiting for a spark; therefore, patience is the primary 
advantage until the market prints a definitive close. Bear Trap Setup Signals 
Potential Market Deception In a recent technical update, Egrag Crypto suggests 
that the current XRP market structure is potentially laying the groundwork for 
one of the most significant bear traps in its history. This setup typically 
involves a deceptive downward move designed to lure sellers into short 
positions just before a massive upward expansion. According to the analysis, 
this maneuver often precedes a major breakout, serving as the final liquidity 
grab before the next leg up. Related Reading: XRP Price Set To Rise As It’s 
Set To Capture A $180 Trillion Market; Analyst The technical indicators 
suggest that price compression has reached a state of maturity, with the 
market structure tightening. This phase of the market cycle is specifically 
designed to shake out weak hands before the momentum flips from consolidation 
to a violent trend. A critical component of this thesis is the invalidation 
level, which currently sits at the $1.80 mark. A decisive daily close above 
this resistance, combined with a confirmed breakout from the prevailing 
falling wedge pattern, would effectively cancel the bear trap theory. Until 
that breakout occurs, the current setup remains a high-probability scenario 
for a violent market movement. Maintaining a strategic perspective during this 
tightening phase is essential, as the eventual exit from this pattern is 
expected to be both swift and aggressive. Featured image from Getty Images, 
chart from Tradingview.com

XRP Compression Peaks: Symmetrical Triangle Signals Explosive Move Ahead

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The post Goolsbee warns against rate cuts as inflation, oil prices surge 
appeared first on Crypto Briefing.

Goolsbee warns against rate cuts as inflation, oil prices surge

Uphold will pay more than $5 million to compensate customers affected by 
CredEarn, a third-party crypto investment product. The New York settlement 
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Cred bankruptcy recoveries to harmed investors. Key Takeaways: Uphold will pay 
more than $5 million to customers tied to CredEarn losses. Regulators said […]

NY AG Secures $5M From Uphold to Compensate Crypto Investors

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The escalation in U.S.-China tensions may disrupt global oil markets and 
complicate diplomatic relations, impacting future economic stability.
The post Beijing defies US sanctions, escalating tensions ahead of Trump-Xi 
summit appeared first on Crypto Briefing.

Seoul Court Rescues Bithumb from Record 6-Month Suspension

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