Invest ideasNews
16 May 2026, 13:02
Egrag Crypto: Fib Levels Are Revealing Entire Battlefield for XRP
Crypto analyst EGRAG CRYPTO has shared a detailed Elliott Wave analysis for XRP, outlining the price levels he believes will determine whether the asset enters a new bullish expansion phase or remains inside a larger corrective structure. EGRAG CRYPTO said Fibonacci levels are now “revealing the entire battlefield” for XRP. His chart focused heavily on the Fib 0.618 and Fib 0.702 retracement levels, which he identified as the most important resistance zones in the current market structure. According to the analyst, the Fib 0.618 level near $1.51 is acting as the first major resistance. He stated that XRP has so far failed to confirm a close above that area, which keeps uncertainty about the market’s next direction in check. EGRAG CRYPTO explained that if XRP cannot reclaim the $1.51 level and then push above the Fib 0.702 level near $1.83, the Elliott Wave structure still supports a deeper correction. Based on his analysis, the next downside targets would be the Fib 0.382 level around $0.89 and the Fib 0.236 level near $0.64. #XRP – Elliott Wave Corrective Structure : The Fib Levels are currently revealing the entire battlefield for #XRP . Fib 0.618 at $1.51 is acting as the FIRST major resistance. So far: #XRP has FAILED to provide confirmed closes above this level.… pic.twitter.com/l6UpkvWGib — EGRAG CRYPTO (@egragcrypto) May 15, 2026 Elliott Wave Structure Remains the Main Focus The analyst connected these possible downside targets to what he described as classic Wave 4 corrective retracement structures. His chart included multiple wave counts, showing several possible paths XRP could follow depending on how the price reacts around the identified Fibonacci zones. At the same time, EGRAG CRYPTO also presented a bullish scenario. He suggested that the current setup may actually represent a massive Wave 2 correction that already bottomed in February. If that interpretation proves correct, XRP could be preparing for a strong continuation higher into a larger Wave 3 or Wave 5 expansion. The chart attached to his post showed projected wave formations extending into future years, with several upside Fibonacci targets positioned well above current price levels. The analysis also highlighted historical corrective structures and wave relationships commonly used in Elliott Wave theory. Analyst Says Corrective Waves Are the Hardest Part of Market Cycles EGRAG CRYPTO emphasized that corrective waves are often the most difficult part of Elliott Wave analysis. In his view, traders frequently struggle during these periods because markets can produce fake breakouts, deep retracements, emotional trading traps, and highly complex price formations. He stated that identifying corrections properly is more challenging than tracking Wave 3 or Wave 5 expansions. However, he argued that once the corrective structure becomes clear, the larger impulsive moves become easier to identify and potentially capitalize on. The analyst concluded his post by stressing the importance of focusing on market structure rather than short-term market noise. His comments suggest that XRP’s reaction around the $1.51 and $1.83 resistance levels could determine whether the asset confirms a bullish continuation pattern or remains vulnerable to another major retracement. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Egrag Crypto: Fib Levels Are Revealing Entire Battlefield for XRP appeared first on Times Tabloid .
16 May 2026, 13:00
Tether Faces Calls To Block $344 Million in USDT Linked To Terror Activity
A Jerusalem family that lost relatives in a 1997 Hamas suicide bombing is among the plaintiffs pushing a US federal court to order Tether to hand over hundreds of millions in frozen digital currency. The case, filed in Manhattan, could set a significant legal precedent for how courts treat centralized stablecoin issuers. A Decades-Old Debt The plaintiffs are survivors and family members of victims from Iran-linked terrorist attacks. They hold court judgments against Iran that were awarded years ago — judgments that have never been paid. Now they are targeting a pile of frozen cryptocurrency as a way to collect what they are owed. Attorney Charles Gerstein filed the lawsuit Thursday in the US District Court for the Southern District of New York. His clients say they have a legal claim to two Tron blockchain wallet addresses holding roughly 344 million USDT . Those wallets were frozen earlier this year by the US Treasury Department’s Office of Foreign Assets Control, which identified them as linked to Iran’s Islamic Revolutionary Guard Corps. The plaintiffs are not asking Tether to simply release those specific wallets. According to reports, they want a court order directing Tether to transfer an equivalent amount of USDT to their legal team’s wallet address. Why Tether Can Be Compelled Unlike Bitcoin or Ethereum, USDT is controlled by a central company. Tether can freeze wallets, block transactions, and move funds when ordered to do so. That centralized structure is at the heart of Gerstein’s legal argument. Because a prior order already froze the wallets — something only possible because Tether has direct operational control — he contends the company can also be ordered to move the funds. The ownership question, he argues, is already largely settled: OFAC has already declared the wallets to be IRGC-controlled assets, which clears a path for seizure under US terrorism statutes. Broader Legal Campaign This is not Gerstein’s only case of this kind. Based on reports, he has filed similar actions involving North Korea-linked cyber operations against the Arbitrum platform. He is also handling a separate case involving Railgun DAO, a privacy-focused crypto protocol. The Manhattan filing is part of what appears to be a coordinated legal push to test whether courts can compel crypto platforms with centralized control to act on frozen assets held in sanctioned wallets. Tether had previously moved to block Wallex, an Iranian crypto exchange, amid the ongoing US-Iran conflict. Featured image from CEPA, chart from TradingView
16 May 2026, 13:00
XRP Price Could Return To $1.55 But Only If This Crucial Support Holds
XRP is experiencing a significant price retracement after being rejected at $1.55. So far in May, the altcoin’s price movement has been unstable, with each gain followed by a prominent dip, yet it has formed an ascending trendline. XRP finds itself in a similar situation as prices have corrected by over 7% in the past three days. Notably, the market analysis page, MCO Global, has shared some insights on this situation, discussing the altcoin’s potential to sustain its trendline or be exposed to major downside targets. XRP Recovery Hinges On Pivotal $1.40 Support In an X post on May 15, analysts from MCO Global have highlighted the key short-term price levels in the present XRP market structure. Given the volatile action over the past two weeks, experts concur that market participants are nervous about price direction. However, amid this choppy price action, XRP has maintained an important micro-support zone around $1.40. Using Elliott Wave theory, the recent retest at this level aligns with wave B, when the market forms a temporary corrective bounce before initiating the final leg of the correction in wave C. $XRP Ripple continues to show choppy and nervous price action, but micro support around $1.40 is still holding for now. As long as XRP stays above $1.40, another upside attempt toward $1.55, $1.58, and potentially $1.67 remains possible. Break below $1.40 and especially $1.37… pic.twitter.com/GW5q37AD3o — MCO Global (@moretradingonl) May 15, 2026 Therefore, as long as the price stays above $1.40, MCO Global analysts predict a high likelihood of another surge towards $1.55-$1.58. In a more bullish scenario, they project that XRP could break above this resistance zone and extend its rally to $1.67, representing a potential 16.7% gain from current levels. On the other hand, a break below $1.40 would force an immediate drop to $1.37. If this price floor fails to hold, XRP traders could anticipate a decline to another key support at $1.30, which aligns with the lower trendline of a forming symmetrical triangle. XRP Market Overview At the time of writing, XRP trades at $1.43, reflecting a 3.68% decline in the last 24 hours. Meanwhile, daily trading volume is down 42.36% to $2.38 billion. However, the altcoin shows a slight 0.98% gain on its monthly chart, indicating that some new entrants remain in profit. According to the MCO Global analysts, the present XRP market structure is “highly corrective and unstable.” Amid this prevailing uncertainty, holding above the $1.40 support level remains crucial to sustaining any bullish momentum. With a market cap of $88 billion, XRP remains the fifth-largest cryptocurrency.
16 May 2026, 13:00
Ethereum: Can Bitmine’s $197 mln ETH buy spark a trend reversal?
Bitmine bought 89,026 ETH worth $197.64 million, rising total ETH holdings to 2.59 million ETH.
16 May 2026, 13:00
XRP Records Over 400M In Binance Withdrawals Since May 3 — What’s Happening?
The XRP market has seen a notable shift in large holders’ activity. Analyst Amr Taha, in a recent CryptoQuant post, highlights the implications of this changing dynamic and how it might affect the altcoin’s price. Large Holders Withdraw 403M XRP From Binance In a QuickTake post on May 16, Amr Taha reveals that XRP’s whales have again initiated a wave of large-scale exchange withdrawals. Taha notes that about 403 million in XRP has left Binance, i.e., the world’s leading exchange by trading volume, since 3rd May. This conclusion is based on data from the “[XRP] Multiple Exchanges Daily Outflow Above 1M” metric, which tracks the total daily amount of XRP withdrawn from exchanges in transactions exceeding 1 million XRP. This size filter helps identify whale- and institutional-sized outflow activity. According to Taha, Binance has recorded near-daily XRP outflows exceeding 1 million XRP over the past two weeks. Considering these outflows were not single, isolated withdrawals; instead, they reflect the same intentional and persistent withdrawal pattern on Binance. Historically, substantial withdrawals from centralized exchanges are often interpreted as a sign of accumulation. This is because when investors move coins off exchanges, it can signal a short-term decline in selling intent, as assets transferred to private wallets become less readily available for exchange. Binance Withdrawal Activity Replaces Pattern Seen On Coinbase Interestingly, Taha highlights that the recent Binance-led trend marks a shift from earlier whale activity observed on Coinbase. In the latter scenario, the analyst notes that large withdrawals occurred more on specific days, including March 27, March 30, and April 13 — periods when XRP’s price was near $1.34. These periods where XRP was withdrawn in large amounts on Coinbase could be attributed to Whales distributing their holdings as the price reached low zones. On the contrary, withdrawals from Binance have been consistent — however large — since May 3. Hence, this could be the typical scenario where Whales are indeed accumulating XRP. Nonetheless, it is worth noting that this is not a bullish signal in itself, as it could merely indicate that the selling intent among this investor class has been significantly reduced. As such, traders are advised to employ confirmations before making any financial decisions. At the time of writing, the XRP price stands at approximately $1.43, down 4.48% from the previous day. Yet, the XRP price records a minute gain on the weekly timeframe, with data pointing to a 0.8% increase.
16 May 2026, 13:00
The $293 million KelpDAO hack shows why DeFi is finally being forced to grow up
For protocol founders and security researchers, the incident reinforced a broader shift underway across crypto: DeFi is no longer primarily battling coding bugs. It’s battling complexity.
