South Korea’s central bank digital currency project has been put on hold as the regulators turn their attention to fast-tracking the issuance of won- backed stablecoins. According to a Bloomberg report citing an unnamed Bank of Korea official, the central bank…

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The Blockchain Group has added 60 BTC to its Bitcoin stash following a series 
of recent capital raises, bringing its total holdings to 1,788 BTC. The 
Blockchain Group, Europe’s first Bitcoin Treasury Company listed on Euronext 
Growth Paris, has confirmed…

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The decentralized stablecoin protocol recently hit by a multi-million-dollar 
exploit has presented a formal recovery plan to address the fallout. According 
to Resupply’s latest announcement, the recovery plan will focus on stabilizing 
the protocol’s finances and supporting affected users. At…

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PENGU rallied for the fourth consecutive day, driven by bullish technical 
indicators and rising adoption trends. According to data from crypto.news, 
Pudgy Penguins (PENGU) surged to a high of $0.0154 on June 30 during afternoon 
trading in Asia, its highest…

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The crypto market has remained mostly stagnant as Amazon, Meta and Nvidia 
reach record-highs on the market over the previous weekend. Here&#8217;s why. In a 
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Hours after Ripple Labs said it would abandon its long-running appeal in its 
securities case with the US Securities and Exchange Commission, watched market 
technician CasiTrades (@CasiTrades) on X argued that XRP’s price structure has 
already completed its corrective phase and is “now wave 3 in motion.” The 
pseudonymous trader described how Friday’s slide to $2.07 had “tagged” three 
separate Fibonacci confluence markers—the 0.618 retracement of the March-to- 
May rally, a 1:1 equality projection for wave C of the prior correction, and a 
0.618 extension of sub-wave 5. “The market snapped upward from that exact 
price,” she observed, before adding: “$2.07 tagged. $2.25 loading. XRP 
breakout in progress!” XRP Enters Wave 3 By midday in Europe on Monday XRP was 
changing hands at $2.19, roughly 4% above Friday’s close and 8.5% higher than 
a week ago. That recovery has carried the token to the edge of the next “major 
test” cited by CasiTrades: the long-monitored $2.25 zone, which she notes 
coincides with the 0.382 Fibonacci retracement measured from XRP’s 2021 swing 
high. In classical Elliott Wave analysis, a decisive breach and subsequent 
retest of that level would validate the start of a powerful third wave, the 
phase in which momentum typically accelerates and sentiment flips decisively 
bullish. Related Reading: XRP Down 3% After SEC Settlement Stalls, But Social 
Media Turns Bullish CasiTrades outlined two near-term paths: either a brief 
thrust to $2.30 followed by a healthy back-test of $2.25, or a more explosive 
extension toward $2.45–2.69 before any significant pull-back. “From here, I’m 
watching two key scenarios short-term: 1) A move into $2.30, then a pullback 
to backtest $2.25 as support. This would be ideal and healthy. 2) Or, price 
pushes harder through to ~$2.45, closer toward $2.69 resistance. Has a small 
pullback, before touching $2.69 with resistance. In this plan, a backtest of 
$2.25 later would be expected,” Casi writes via X. In either scenario, she 
argues, the structural message is the same: “Flipping that level opens the 
door for the next full breakout… once these local resistances are out of the 
way → fireworks.” The technical argument lands at a moment when a key 
fundamental overhang appears to be fading. On June 27 Ripple chief executive 
Brad Garlinghouse announced that the company will withdraw the cross-appeal it 
filed last year contesting parts of Judge Analisa Torres’s split decision on 
XRP sales. “We’re closing this chapter once and for all,” Garlinghouse wrote 
on X, adding that the SEC “was also expected to drop its appeal.” The move 
came one day after Torres rejected a joint request from both parties to shrink 
Ripple’s civil penalty to $50 million and dissolve her permanent injunction. 
Related Reading: XRP Bulls On Alert—’This Trendline Is Everything,’ Says 
Analyst That backdrop helps explain why the Fibonacci “golden-ratio” bounce at 
$2.07 drew such an emphatic response. But for now, the market’s focal point is 
whether XRP can turn the $2.25 shelf from resistance into support. If it does, 
the next cluster of historical supply sits between $2.60 and $2.70—the area 
that capped rallies in December 2021 and March 2022. A break beyond that zone 
would leave little chart resistance before psychological milestones at $3.00 
and the all-time closing high near $3.40 set in January 2018. Even so, 
technicians caution that Elliott Wave targets remain probabilistic, not 
predictive certainties, and that any new macro-regulatory twist could reset 
the calculus. Friday’s ruling also left Ripple’s injunction intact, meaning 
the company must still navigate a compliance regime that did not exist when 
the lawsuit began in 2020. Whether those realities temper the exuberance 
around wave 3 remains to be seen. In CasiTrades’ words, however, timing is 
everything: “This is exactly why we rely on TA. The charts help us spot setups 
before the news hits. News hits harder after price has positioned.” For a 
market that has waited more than four years to see its signature legal saga 
reach closure, traders appear ready to test that maxim on the road to 
$2.25—and beyond. At press time, XRP traded at $2.19. Featured image created 
with DALL.E, chart from TradingView.com