Polygon price is at risk of a significant drop after forming a bearish technical pattern—despite growth in its decentralized finance and stablecoin activity. Polygon (POL) token was trading at $0.2355 on Thursday, a few points below this week’s high of…

Polygon price at risk of a 40% crash despite DeFi, stablecoin gains

Jerome Powell warned that near-zero interest rates may be a thing of the past, 
as the Fed grapples with high inflation and slower growth.

Stock market investors put on notice: Fed’s Chair Powell warns zero interest rates are not coming back

**Key Takeaways:**
 * Solana formed a megaphone chart pattern with a potential $210 price target. 
 * Solana&#8217;s ecosystem growth highlights renewed investor interest with a $4 billion realized cap increase and 731 million transactions.
Solana (SOL) price tested its key resistance at $180 earlier this week, but 
the altcoin failed to establish a position above the level. Over the past few 
days, SOL has consolidated above the $170 mark, but prices have dropped 5.65% 
since May 14.
Including the recent minor dip, Solana has formed a megaphone pattern on the 
4-hour chart, a classic technical setup indicating increasing volatility.
_Solana 4-hour chart. Source: Cointelegraph/TradingView_
The chart illustrates that the megaphone&#8217;s upper resistance trendline sits 
near $185, aligning with immediate resistance at $180. A confirmed breakout 
above this level could propel SOL toward the pattern&#8217;s first target at $210, 
calculated by measuring the widest part of the pattern and projecting it 
upward from the breakout point.
If momentum is sustained, the next target will be $210, representing a 21% 
rally from current prices. A break above $200 would also trigger a 
psychological level that could attract further buying pressure.
However, it is essential to note that a megaphone pattern can also be bearish. 
Failure to break $180 may lead to a pullback toward the 100-day exponential 
moving average (EMA) at $161 or the pattern&#8217;s lower support near $150. Volume 
confirmation on the breakout is a key trigger, as low volume could signal a 
false move, leading to an immediate reversal of the initial directional bias.
_**Related: Solana network and DeFi activity suggest SOL price rally will 
continue**_
## Solana&#8217;s $4 billion realized cap growth and 731 million transactions signal 
momentum
Solana is experiencing a revival in investor interest, with Glassnode 
reporting a 4% to 5% rise in 30-day capital inflows, matching XRP&#8217;s (XRP) 
growth. After months of outflows, this trend reversal signals renewed demand 
in the Solana ecosystem. The realized cap, reflecting a coin&#8217;s last transacted 
value, is up $4 billion to $78.5 billion on May 14, showing SOL&#8217;s growing 
momentum.
_Solana realized cap. Source: Glassnode_
Data from a Top 7 ICO report further validates Solana&#8217;s strong performance, 
securing its position as the second-ranked blockchain by transactions. Over 
the past week, Solana processed an impressive 731 million transactions, 
trailing only Hyperliquid&#8217;s 1.79 billion. It significantly outperformed Base, 
which logged 77.1 million transactions, highlighting Solana&#8217;s existing 
advantage and popularity compared to other chains.
_Top blockchain by number of transactions. Source: X.com_
 _**Related: Spot Bitcoin ETF inflows fall, but BTC whale activity points to 
bull market acceleration**_
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Solana network activity surge and ‘megaphone’ chart pattern set $210 SOL price target

A federal judge has blocked the SEC and Ripple’s joint settlement agreement in 
the case over XRP, escalating the legal drama and rattling momentum across the 
crypto landscape. Ripple-SEC Settlement Blocked as Court Denies Motion to 
Alter Final Judgment Judge Analisa Torres of the U.S. District Court for the 
Southern District of New York has […]

Judge Denies Ripple–SEC Motion Over XRP, Leaving Case in Legal Limbo

The judge&#8217;s decision maintains regulatory pressure on Ripple, potentially 
impacting its operations and setting a precedent for future cases.
The post Judge rejects SEC and Ripple’s proposed settlement deal, upholds 
$125M penalty appeared first on Crypto Briefing.

Judge rejects SEC and Ripple’s proposed settlement deal, upholds $125M penalty

XRP has re-entered a pivotal trading range against Bitcoin (BTC), stirring up 
excitement as technical signals suggest a potential breakout. This move is 
reinforcing its bullish position, highlighting three major price targets that 
could confirm a larger macro rally. XRP Sets Sights On Key Targets Against 
Bitcoin After months of consolidation, the XRP/BTC trading pair is now back 
inside a critical triangle formation, which market expert Egrag Crypto has 
identified as a key price range to watch for potential breakout or breakdown 
moves. The analyst shared a short-term XRP/BTC chart on X (formerly Twitter), 
explaining how important this price range is for the trading pair to hit new 
bullish targets and reach even larger goals. Related Reading: XRP Analyst 
Highlights Ultimate Targets And Selling Strategy As XRP Price Rebounds This 
triangle structure, dating back years, acts as a roadmap for XRP/BTC’s 
potential breakout, but only if it successfully flips certain levels into 
support. The first major target highlighted by Egrag Crypto is $0.000003033, 
which represents the upper boundary of the triangle. A decisive breakout above 
this level would signal a structural shift, confirming a possible bullish 
breakout from the narrowing wedge. The analyst&#8217;s second key target is 
$0.00003430, the local high from XRP/BTC&#8217;s last rally. This price level is 
crucial for momentum validation, as flipping this into support with strong 
volume would build strong confidence in the next upward move and show 
confirmation that it can hold above it. The third and most critical target the 
XRP/BTC pair is expected to reach is $0.00004300, which aligns with the 
Fibonacci 1.0 level and XRP/BTC’s previous cycle high. A move beyond this 
level suggests the beginning of a macro rally, unlocking access to higher 
Fibonacci extension levels, including: 1.272 Fib ($0.00007244) 1.414 Fib 
($0.00009546) 1.618 Fib ($0.00014191) 1.888 Fib ($0.00030000) The Altcoin Must 
Hold Support Or Risk Macro Breakdown While Egrag Crypto’s breakout targets 
paint an optimistic picture, the XRP/BTC LTC analysis comes with a stark 
warning of a potential crash. The analyst has raised alarm bells, warning not 
to lose the 0.618 Fibonacci level at $0.00002032. Related Reading: XRP Price 
To Break Out Of Consolidation: The Next Moonshot That Will Lead To $3 This 
support range acts as the last kind of defense for XRP/BTC’s bullish market 
structure. The analyst goes as far as to say, “Lose an arm, but don’t lose 
this range,” emphasizing the importance of maintaining this level. He further 
predicts that if the pair drops below this support level, it could see a 
decline to as low as $0.00000611. At the time of the analysis, XRP/BTC was 
trading at approximately $0.00002516, showing early signs of recovery after 
dipping below the triangle range. If bulls can defend this level and hold on 
to their upward momentum, the path toward flipping resistance levels into 
support becomes potentially clearer. Egrag Crypto has also outlined potential 
price projections for the XRP based on the bullish scenario where the XRP/BTC 
pair reaches several upper Fibonacci levels and Bitcoin rallies to key 
milestones. Featured image from Getty Images, chart from Tradingview.com