According to PeckShield, 20 major crypto hacks were reported in May, resulting in total losses of $244.1 million.

Crypto crooks targeted $244M in May, hack losses down 40% — PeckShield

The XRP price may be on the verge of a significant breakout, according to a 
new wave count analysis combining the Elliott Wave Theory and the Wyckoff 
reaccumulation principles. After months of sideways trading and corrective 
movement, analysts have pinpointed a critical price level that could serve as 
a trigger point for XRP’s next leg higher. XRP Price Primed For Major Lift-Off 
From This Level A new analysis published by crypto analyst the ‘Charting 
Prodigy’ on X (formerly Twitter) suggests that the XRP price is following a 
clear Elliott Wave structure that began forming after the April lows this 
year. The price has completed Wave 1 of a new impulse cycle, followed by a WXY 
corrective Wave 2. Related Reading: XRP Price Risks Crash Below $2 As 
Correction Takes Hold, Here’s Why Recent price action also indicates that XRP 
is now entering sub-wave 3 of Macro Wave 5, which is typically the most 
powerful and extended wave in the cycle. The standout detail of Charting 
Prodigy’s analysis is the identified trigger level at $2.56. According to the 
expert’s analysis, a confirmed breakout above this critical trigger point 
could signal the start of a rapid markup phase, potentially propelling XRP 
toward the $2.9 to $3.4 range. The significance of this bullish target is 
supported by not only the Elliott Wave analysis but also the Wyckoff 
reaccumulation, Fibonacci extension targets, and the emergence of a bullish 
divergence forming on the Moving Average Convergence Divergence (MACD). 
Notably, the analyst points to a classic Wyckoff accumulation structure taking 
shape on the XRP price chart. He identified key phases such as Preliminary 
Support (PSY), Automatic Rally (AR), and Secondary Test (ST). The structure 
also included a “spring” phase and, most recently, a Last Point of Support 
(LPS). The emergence of these Wyckoff elements suggests that XRP has completed 
its reaccumulation and has entered the aforementioned markup phase, where 
price tends to go parabolic. The combination of these technical indicators and 
chart patterns also indicates that $2.65 is the level to watch as XRP makes 
its way up to price levels close to its former ATH. XRP Set For Double-Digit 
Target In 2 Weeks According to a new chart analysis by crypto analyst Egrag 
Crypto, XRP may be on the verge of a historic breakout. Presenting a 2-week 
price chart, the analyst highlights a macro bullish formation that could push 
XRP into double-digit territory—targeting $10, $18, $27, and even a whopping 
$55 in the months ahead. Related Reading: XRP Holds Midline Support That Has 
Led To Breakout In The Past, Why $2.9 Could Be Next Egrag Crypto’s chart draws 
attention to a long-standing macro ascending channel that XRP has respected 
since 2016. Past breakouts from similar setups have historically delivered 
exponential gains for the cryptocurrency. The key trigger, according to the 
analysis, is a decisive move above the 21-week timeframe. This same signal 
preceded XRP’s explosive rally in 2017 when it surged from under 1 cent to an 
all-time high of $3.84. Notably, the analysis emphasizes the importance of 
remaining within this macro ascending channel, indicating that as long as the 
lower trendline holds and the 21 EMA is breached, XRP’s bullish case remains 
intact. Featured image from Getty Images, chart from Tradingview.com

Wave Count Analysis Reveals The XRP Price Trigger Point For Take-Off

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