IOTA will implement its largest network upgrade to date on May 5, transitioning its mainnet to the new IOTA Rebased protocol. The upgrade introduces full decentralization, staking, Layer 1 smart contract support via MoveVM, and scalability exceeding 50,000 transactions per…

IOTA to undergo major mainnet upgrade to Rebased protocol in May

DeFi Development Corporation, formerly known as Janover Inc., has officially 
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On Apr. 21, 2025, gold reached a new all-time high for the third time in 
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The long‑running stalemate in the XRP price action may be entering its 
decisive phase, according to market technician CasiTrades (@CasiTrades). In a 
chart update shared on X, the analyst stresses that “XRP’s setup has not 
changed – but the clock is ticking,” underscoring that the token remains 
confined to the same structural range that has contained it since early April. 
Why The &#8220;Time Is Ticking&#8221; For XRP The one‑hour Binance chart published by 
CasiTrades prints XRP at $2.07. A failed rally earlier in the session stopped 
precisely at the 0.618 Fibonacci retracement of the March‑to‑April downswing, 
labelled on the chart at $2.118. “XRP attempted a breakout alongside BTC but 
stalled at the 0.618 retracement, which is a common level for exhaustion. The 
rejection came fast, and now momentum is pulling us back toward support,” the 
analyst writes. Horizontal supply blocks in the $2.10–2.17 region reinforce 
that resistance. Below, successive bands of medium‑term support appear at the 
0.5 retracement ($1.90) and at the deeper 0.618 level ($1.55), both 
highlighted in green and annotated as “major support.” Relative‑strength index 
data in the sub‑panel show a short‑term bearish divergence – price flat while 
the RSI slopes lower – hinting that the most recent advance may be tiring 
before reaching overbought territory. Related Reading: XRP Wyckoff Pattern 
Maps Bullish Run To $3.70 This Summer “Nothing about the bigger picture has 
changed. In fact, this just reinforces what I have been saying, we likely 
still need to sweep major supports like $1.90 or $1.55 before XRP is ready to 
break out. This should not continue to drag on… Momentum in crypto shifts 
quickly. We could tag those support levels and launch into Wave 3 very very 
soon,” Casi writes. She frames the entire structure as a classic Elliott Wave 
corrective pattern. A sharp three‑leg “ABC” decline from the early‑April peak 
ended in mid‑month, and the market has since been carving out what the analyst 
still regards as Wave 2 of a much larger impulsive sequence.“ XRP is still in 
Wave 2. Everything still supports a macro breakout. Until then, I am watching 
key levels and letting it play out,” he states. Related Reading: XRP Surpasses 
Ethereum In This Major Metric After Outperforming For 6 Months Responding to a 
follower who asked whether any excursion to $1.55 would occur swiftly, 
CasiTrades replied: “Yes I do think if it goes for $1.55 it would be a fast 
recovery. The purpose of it would be to break resistances above by using that 
recovery momentum.” She added that his personal strategy is to deploy 
remaining cash at $1.90 and manage risk with a stop once the first bounce 
materialises. The analyst’s conviction rests in part on Fibonacci time‑zone 
analysis first presented earlier this month. That framework – now in its third 
projected epoch – still allots room for a high‑velocity Wave 3 launch before 
April closes. “Momentum in crypto shifts quickly. We could tag those support 
levels and launch into Wave 3 very very soon!” she contends. Extension targets 
derived from standard Fibonacci multiples remain unchanged: $6.50 (1.618), 
$9.50 (2.618 and described as “most likely”), and “$12+” at the 3.618 
extension. For now, however, XRP is stuck between an overhead wall at $2.24 – 
the 0.382 retracement and the high of the putative Wave ( C ) – and a floor 
clustered around $1.90. Until either side of that corridor is breached with 
decisive volume, CasiTrades says “nothing about the bigger picture has 
changed,” but warns that the window for an April resolution is narrowing: 
“This should not continue to drag on… We are still in Fib Time Zone 3 
according to that analysis.” At press time, XRP traded at $2.07. Featured 
image created with DALL.E, chart from TradingView.com