Invest ideasNews
8 May 2026, 12:27
BTC hovers near $80,400 as US jobs data nears
🚨 BTC is trading just below $80,400 as US job numbers loom. US and Iran tensions, oil over $100, and major equity declines shape the day. 🕒 Critical data on US jobs and wages due within hours; in $BTC, weekend moves will depend on geopolitical headlines. Continue Reading: BTC hovers near $80,400 as US jobs data nears The post BTC hovers near $80,400 as US jobs data nears appeared first on COINTURK NEWS .
8 May 2026, 12:20
PROS Token Surges to $13.7M in Trading Volume Following Upbit Listing
BitcoinWorld PROS Token Surges to $13.7M in Trading Volume Following Upbit Listing PROS, the native token of the decentralized finance (DeFi) protocol Prosper, has recorded a significant surge in trading activity following its listing on Upbit, one of South Korea’s largest cryptocurrency exchanges. According to market monitoring data from Bitcoin World, the token’s trading volume surpassed 18.8 billion won, equivalent to approximately $13.72 million, within hours of the listing announcement. Upbit Listing Drives Immediate Market Activity The listing on Upbit, which took place this afternoon, marks a major milestone for PROS. The exchange, known for its substantial influence on altcoin trading volumes in Asia, often triggers sharp price movements and liquidity boosts for newly listed tokens. The rapid accumulation of over $13.7 million in volume underscores strong demand from South Korean retail and institutional investors. Upbit’s listing process typically includes a ‘caution’ phase for volatile assets, and PROS is no exception. Traders are advised to monitor for potential price fluctuations as the market digests the new liquidity. The token is now tradable against the Korean won (KRW), Bitcoin (BTC), and Tether (USDT) pairs on the platform. What Is PROS and Why Does This Listing Matter? PROS is the utility token of Prosper, a DeFi platform that offers structured financial products, including yield enhancement strategies and automated market making. The project aims to bridge traditional finance with decentralized protocols, making it a niche player in the competitive DeFi landscape. The Upbit listing is strategically significant for several reasons: Increased Accessibility: South Korean traders now have direct access to PROS through a regulated, high-volume exchange. Liquidity Boost: The surge in volume provides deeper liquidity, reducing slippage for large trades. Market Validation: Listings on top-tier Korean exchanges often signal credibility and can lead to further exchange partnerships. Implications for PROS Holders and DeFi Investors For existing holders, the listing represents a potential catalyst for price appreciation, though volatility remains a key risk. The South Korean crypto market is known for its ‘kimchi premium’—a phenomenon where assets trade at higher prices on local exchanges compared to global averages—which could amplify short-term gains. However, investors should approach with caution. New listings often experience an initial hype cycle followed by profit-taking. The long-term value of PROS will depend on Prosper’s protocol adoption, total value locked (TVL), and ability to deliver on its product roadmap. Conclusion The PROS token’s trading volume of over $13.7 million on Upbit highlights the continued appetite for DeFi tokens in the South Korean market. While the listing provides a short-term liquidity event, the sustainable growth of PROS will rely on the underlying fundamentals of the Prosper platform. Traders and investors are encouraged to conduct their own research and remain aware of market risks. FAQs Q1: What is PROS token used for? PROS is the governance and utility token of the Prosper DeFi platform, used for staking, fee discounts, and participating in protocol governance decisions. Q2: Why is an Upbit listing important for a cryptocurrency? Upbit is one of the largest exchanges in South Korea by trading volume. A listing there provides access to a large retail investor base, increases liquidity, and often leads to higher trading activity and price visibility. Q3: Is PROS a safe investment after the listing? All cryptocurrency investments carry risk. While the listing on Upbit adds credibility and liquidity, PROS remains a volatile asset. Investors should assess their risk tolerance and consider the project’s fundamentals before trading. This post PROS Token Surges to $13.7M in Trading Volume Following Upbit Listing first appeared on BitcoinWorld .
8 May 2026, 12:16
New Dubai-based mystery figure emerges as mastermind of Zondacrypto collapse
An obscure figure, believed to have actually run the recently failed European exchange Zondacrypto, is now reportedly hiding in Dubai. Direct losses from the crash of the coin trading platform, one of the largest in its region, approach $100 million, but the total is likely higher. Zondacrypto’s real boss identified in Poland The chief executive of the Polish-rooted exchange Zondacrypto, which suffered a spectacular collapse last month, has been merely a figurehead. That’s according to publications in Poland, where the Estonia-licensed platform was the leading trading venue for digital assets until just a few weeks ago. Its CEO, Przemysław Kral, has been missing since he denied reports that the company’s reserves had dropped by more than 99% over the past months. Kral was initially thought to have fled to Israel, where he is a citizen, in order to avoid extradition. It turns out he is now in the United Arab Emirates. This week, a leading Polish news outlet, Onet Wiadomości, revealed Zonda’s official manager is in Dubai, together with a man identified as Marian W. Better known by his nickname Maniek, the latter was the top dog of the crypto business, while Kral was just a “front man,” the website unveiled. He was also the actual creator of the exchange, the article added, quoting a source from Poland’s National Prosecutor’s Office familiar with the ongoing probe. The coin trading platform started as BitBay in 2014, a crypto service provider founded by Sylwester Suszek, who later sold it. Onet claims he was a puppet, too. Maniek introduced Suszek to his friend, lawyer Przemysław Kral, who rebranded the exchange to Zondacrypto when he took over its management in 2021. Kral then moved its headquarters to Estonia, and the platform has since been operated by BB Trade, an entity registered in the Baltic state. Suszek suddenly disappeared in the spring of the following year. He was last seen at a fuel depot owned by Maniek in the town of Czeladź. Polish investigators suspect he is dead. Polish exchange run from Monaco with Russian money Polish publications remarked that Marian W., who was pulling the strings of Zonda, is not an entirely new figure in the saga, which has been unfolding for months. In January of this year, the TVN24 channel claimed that Maniek was likely the one running the business, and he reportedly did that from Monaco. This week, judicial authorities in the Principality launched their own money laundering investigation into the company, known in the city-state for its sponsorships in sports, as reported by Cryptopolitan. There’s also a Russian connection in this case. Citing the country’s Internal Security Agency (ABW), Gazeta Wyborcza recently wrote that Zondacrypto was controlled by the notorious Tambov gang. The St. Petersburg-based mafia group, one of the oldest and largest in Russia, allegedly helped Sylwester Suszek when he was struggling financially in 2018 and paid for the acquisition. According to the daily, Zonda’s shareholders were introduced to the Russians by a Polish businessman who worked with them in the fuel market. This is no longer a story about a Polish exchange that collapsed due to mismanagement, commented the Bitcoin.pl portal, which relayed Onet findings. It added: “It’s a story about how a man accused of leading an international criminal group involved in illegal fuel trading was supposedly behind Poland’s largest cryptocurrency exchange from the outset.” Some 30,000 Poles may have become victims of the crash, according to Poland’s Justice Minister Waldemar Żurek, who called Zonda a “pyramid scheme.” Preliminary estimates suggest their losses amount to at least 350 million zloty (more than $97 million at the time of writing), but the total is likely much higher. This does not include 4,500 BTC in a wallet, access to which was lost when Suszek went missing, according to Przemysław Kral, who said he was never handed the keys. Zondacrypto is also at the heart of a major political conflict over crypto regulation between the government of Prime Minister Donald Tusk and President Karol Nawrocki and his allies in parliament. Still letting the bank keep the best part? Watch our free video on being your own bank .
8 May 2026, 12:15
Sonic price prediction 2026-2032: Will S reach $1 soon?
Key takeaways : The average Sonic price prediction for 2026 is $0.0934. Holders can anticipate a maximum price of $0.1574 in 2029. By 2032, Sonic (S) might touch $0.2967 Sonic is a high-performance EVM Layer 1 blockchain built for DeFi applications, offering up to 400,000 TPS and sub-second finality. The network introduced its Fee Monetization (FeeM) program, allowing developers to earn up to 90% of the fees generated by their applications. Sonic also features a native Ethereum bridge called the Sonic Gateway, which includes a Fast-Lane transaction feature and a fail-safe security mechanism. Sonic emerged from Fantom’s rebrand after Michael Kong announced the Sonic mainnet launch in March 2024. Fantom later fully transitioned to Sonic on January 16, 2025, as the project expanded through partnerships with Chainlink, Pyth Network, Alchemy, Dune, and Safe. Sonic reached an all-time high of $1.03 in January 2025 before falling to a low of $0.0368 in February 2026. Investors’ questions remain. Will Sonic reclaim Fantom’s all-time high of $3.48? How high can Sonic (S) go in the coming years? Let’s take a look at Sonic’s price prediction to answer these questions. Sonic Price Prediction: An Overview Cryptocurrency Sonic Token S Price $0.03966 Market Cap $142.48 million Trading Volume (24-hour) $20.52 million Circulating Supply 2.88B S All-time High Jan 05, 2025 $1.03 All-time Low Feb 28, 2026 $0.0368 24-h High $0.05051 24-h Low $0.04765 Sonic (S) price prediction: Technical analysis Volatility 4.09% (Medium) 50-Day SMA $ 0.04280 14-Day RSI 63.57 (Neutral) Green Days 16/30 (53%) Sentiment Bearish Fear & Greed Index 47 (Neutral) 200-Day SMA $0.07561 Sonic price analysis TL;DR Breakdown : Today’s sonic price analysis shows that sellers are keeping the price at $0.039 The immediate sonic resistance is at $0.0500 The current Support for S is at $0.0390 The Sonic price analysis for 8 May 2026. Sonic remains under bearish pressure after failing to recover above the $0.05. Sonic is trading at $0.03966, which is a 3.41% decline over the last 24 hours. On the daily chart, Sonic reached a high of $0.03966 and a low of $0.03966, reflecting weak price movement near support levels. Sonic (S) price analysis 1-day chart Analyzing the daily Sonic price chart, Sonic continues trading in a downtrend with weak recovery attempts. Sellers remain active as Sonic’s price struggles to build momentum in the $0.04 region. The 24-hour volume dropped by 21.57% to $20.52 million. The market cap currently stands at $142.48 million, indicating lower trading interest today. S/USDT Chart: TradingView The RSI-14 indicator trades at 44.55, remaining below the neutral 50 level and indicating weak buying pressure. The RSI moving average stands at 40.27, showing slight stabilization after recent declines. The MACD indicator is bearish. The MACD histogram is at 0.00103, while the MACD line trades at -0.00355 and the signal line at -0.00457. This setup shows that bearish momentum is slowing, but buyers are still not strong enough to confirm a reversal. Sonic resistance is at $0.0500, where sellers continue blocking recovery attempts, while immediate support is near $0.0390, a level buyers are currently trying to defend from further downside pressure. S/USD technical analysis 4-hour chart The 4-hour Sonic price chart suggests that buyers are attempting to defend the $0.0390 support zone after recent weakness. However, sellers continue defending the $0.0500 resistance level, preventing stronger upside momentum. Short-term momentum remains weak as RSI is in the neutral zone with a slight bearish lean. There is a balance between buyers and sellers, but sellers have a small edge, while the MACD histogram shows only mild positive momentum. Unless Sonic breaks above the resistance zone, the market may continue moving sideways with a bearish bias. S/USDT Chart: TradingView Sonic technical indicators: Levels and action Daily simple moving average (SMA) Period Value Action SMA 3 $0.04575 BUY SMA 5 $0.04479 BUY SMA 10 $0.04406 BUY SMA 21 $0.04384 BUY SMA 50 $0.04280 BUY SMA 100 $0.04474 BUY SMA 200 $0.07561 SELL Daily exponential moving average (EMA) Period Value Action EMA 3 $0.04637 BUY EMA 5 $0.04548 BUY EMA 10 $0.04456 BUY EMA 21 $0.04382 BUY EMA 50 $0.04419 BUY EMA 100 $0.05398 SELL EMA 200 $0.1003 SELL What can you expect from the Sonic price analysis next? Sonic is likely to remain under bearish pressure unless buyers push the price above the $0.0500 resistance zone. If the price fails to hold the $0.0390 support level, Sonic could see another decline toward lower support areas in the near term. Why is Sonic down today? Sonic’s intraday decline today was mainly caused by a broader crypto market pullback driven by macro uncertainty and long liquidations, not by any Sonic-specific negative news. Despite the temporary dip, Sonic remained mostly flat over the last 24 hours, showing only mild volatility alongside the wider market. Is Sonic a good investment? Sonic is a high-speed, scalable blockchain platform that competes with established chains such as Solana and Ethereum L2s, positioning itself as a performance-focused chain within the blockchain ecosystem. Despite its potential, investing in Sonic (S) involves risks typical of cryptocurrencies, including market volatility. While Sonic does not currently lead the market, it maintains a credible and stable position as a reliable, mid-tier chain. Own research and assessing personal risk tolerance are essential for anyone considering S as a potential investment opportunity. Will Sonic reach $5? The price of Sonic could reach $0.1215 by 2030, with price predictions suggesting a high of $0.1678. The base case scenario for Sonic’s price by 2030 is projected to be around $0.1215, with potential highs depending on market conditions. However, achieving this depends on market conditions and overall blockchain adoption trends. Will Sonic reach $10? Based on our technical analysis, S’s price projections for 2032 estimate a range, with Sonic expected to reach about $0.2967 but not approach double-digit prices within the next 6 years. Is Sonic a safe network? Sonic is regarded as a secure blockchain platform that uses its unique Lachesis consensus mechanism to enable high-speed, scalable transactions. However, as with any blockchain network, users should exercise caution, use official channels, and follow best security practices to protect their assets. Does Sonic have a good, long-term future? Sonic shows potential for a strong long-term future, with price predictions suggesting significant growth by 2030 and beyond. Analysts forecast prices could reach between $0.1215 and $0.1678, driven by its unique blockchain technology, increasing adoption in decentralized applications, and robust ecosystem growth. Ecosystem growth, fueled by increased developer activity and more developers joining the platform, is crucial for Sonic’s long-term success. Total Value Locked (TVL) in dApps is a critical metric for long-term growth, reflecting real-world usage and platform strength. Additionally, the Sonic ecosystem has established a $25 million fund to attract builders and improve user metrics, further supporting future expansion. However, market volatility remains a concern. Recent news/opinion on Sonic (prev. FTM) Sonic Labs has allocated $1 million to buy back S tokens on Binance, with the assets set to be distributed gradually through onboarding campaigns in partnership with the exchange. The first campaign has already gone live as Sonic moves to expand ecosystem participation and user adoption. Sonic price prediction May 2026 The Sonic price prediction for tomorrow, based on current technical indicators, suggests a slight upward movement with a potential price near $0.0502. Looking ahead, the short-term forecast for the next week anticipates moderate volatility, with Sonic possibly trading between $0.049 and $0.052 as market sentiment and trading volume fluctuate. Period Potential Low ($) Average Price ($) Potential High ($) Sonic (S) price prediction May 2026 $0.04856 $0.05108 $0.0536 Sonic price prediction 2026 Sonic’s average market price is expected to be around $0.0707 by 2026, with a potential low of $0.048 and a potential high of $0.0934. Period Potential Low ($) Average Price ($) Potential High ($) Sonic Price Prediction 2026 $0.048 $0.0707 $0.0934 Sonic price forecast 2027– 2032 Year Potential Low ($) Average Price ($) Potential High ($) 2027 $0.0499 $0.0581 $0.0662 2028 $0.1128 $0.1296 $0.1465 2029 $0.1169 $0.1372 $0.1574 2030 $0.1215 $0.1446 $0.1678 2031 $0.1545 $0.1717 $0.1889 2032 $0.2285 $0.2626 $0.2967 Sonic (S) price prediction 2027 The Sonic forecast for 2027 speculates that the price might reach a maximum of $0.0662 by 2027. On the lower end, corrections may pull the price to $0.0499 with an expected average trading price of around $0.0581. Sonic (S) price prediction 2028 Sonic’s (prev. FTM) 2028 forecast of $0.1128–$0.1465, averaging $0.1296, is linked to growing adoption of its rebranded ecosystem. By then, expanded DeFi, NFT, and gaming use cases are expected to strengthen utility and demand. The projected rise in Sonic’s price by 2028 is supported by its Fee Monetization model and the fee burning mechanism, which incentivize developer activity and reduce token supply. Network scalability upgrades and rising developer engagement support gradual appreciation, while market cycles keep growth within range. Sonic (S) price prediction 2029 In 2029, Sonic’s market price might stabilize at $0.3238 while attaining an average trading price of around $0.2698, and a minimum price of around $0.2158. Sonic (S) price prediction 2030 Sonic is expected to reach a maximum of $0.1678 by 2030. However, it could fall to $0.1215 with an average price of $0.1446. Sonic (S) price prediction 2031 Sonic is projected to hit a high of $0.1889 in 2031. In the event of a price correction, it could drop to $0.1545 with an average of $0.1717 Sonic (S) price prediction 2032 Sonic is expected to reach a high of $0.2967 in 2032. The average trading price is expected to be $0.2626, and the minimum price is projected to be $0.2285. Sonic price prediction 2027-2032 Sonic market price prediction: Analysts’ FTM price forecast Firm Name 2026 2027 Coincodex $ 0.1144 $ 0.06573 DigitalCoinPrice $0.0717 $0.0817 It’s important to note that these analyst forecasts may be influenced by broader market rallies and shifts in market sentiment, which can drive Sonic’s price targets higher or lower depending on overall investor optimism or pessimism. Cryptopolitan’s Sonic (S) price prediction Our predictions show that the Sonic token could achieve a minimum value of $0.048 in 2026. The Sonic price may reach a maximum value of $0.0934, with an average trading price of $0.0707 throughout 2026. Investor confidence, along with supply and demand dynamics, plays a key role in Sonic’s price action. Fundamental events such as hacks and other real-world occurrences can significantly impact price movements. Please note that the content provided on this page is for informational purposes only and does not constitute investment advice. Conduct your own research before making financial decisions Sonic’s (S) historic price sentiment Sonic price history: Coingecko Fantom (FTM) launched in 2018 at $0.0182, hit a low of $0.00229 in 2020, and peaked at $3.24 in 2021 during the DeFi boom. Following the 2022 bear market, FTM recovered to $0.55 by early 2024 before rebranding to Sonic Labs in August 2024. The 1:1 FTM-to-Sonic (S) token swap began in December 2024, with Binance completing it by January 2025. Sonic hit a new ATH of $1.029 in January 2025, but steadily declined to around $0.33 by late August. By early September 2025, Sonic traded stably between $0.3092 and $0.3126. Early September, Sonic traded around $0.309–$0.313, showing relative stability compared to its August lows. Mid-September – Price remained in the ~$0.30–$0.33 band, with minor upward drift toward ~$0.32. Late September – The token approached $0.26, as reported by markets, showing a decline and increased volatility. Early October – Trading price dropped further into the ~$0.23–$0.26 range, indicating a weakening trend. By November 3, Sonic had fallen to approximately $0.122, marking a substantial decline from early September levels. At the beginning of November 2025, Sonic (S) traded around $0.12–$0.14, occasionally spiking to roughly $0.17 before retreating. Through mid-November, the price generally drifted downward, reaching a low near $0.10–$0.11 around November 21. From late November to December 3, S recovered slightly — trading in a narrow band around $0.10–$0.11, suggesting consolidation and stabilization after the mid-month slump. From early December, Sonic traded around $0.071–$0.075 on Dec 3–Dec 6, then moved higher through mid-December as the price climbed into the $0.085–$0.095 zone by Dec 14–Dec 17, reflecting increasing buying interest late in the year. Into late December and early January, S stabilized in the $0.07–$0.08 range before rising above $0.08, closing around $0.082–$0.086 by Jan 4 2026, showing a modest recovery into the new year. On January 4, 2026, Sonic was trading near $0.086–$0.090 after stabilizing from December weakness, with modest rebounds in the first week of January as buyers emerged off key support levels. By February 3, 2026, Sonic had drifted lower toward roughly $0.065–$0.070, reflecting continued selling pressure and failed rallies, with price consolidating near the low end of its recent range. Sonic (S) traded around $0.052 to $0.048 between Feb 3 and Feb 10, 2026, before declining toward the $0.041 to $0.039 range by late February amid steady selling pressure. From early March to Mar 14, 2026, Sonic moved between $0.038 and $0.044 with a gradual rebound attempt as the price stabilized near the $0.040 support zone. From March 14 to late March, Sonic drifted lower from $0.0514 toward $0.040–$0.042, unable to sustain any meaningful bounces amid broad market weakness. By April 7, its price pressed critical $0.040 support at $0.0396–$0.0414 — dangerously close to its all-time low of $0.0368 set on February 28. Sonic is trading at around $0.04951 at the start of May 2026.
8 May 2026, 12:05
NZD/USD Holds Above 0.5950 as Markets Eye US Jobs Data for Next Move
BitcoinWorld NZD/USD Holds Above 0.5950 as Markets Eye US Jobs Data for Next Move The New Zealand Dollar edged higher against the US Dollar on Thursday, with the NZD/USD pair trading above the 0.5950 mark as currency markets entered a cautious holding pattern ahead of the release of the US Nonfarm Payrolls (NFP) report. The pair’s modest gains reflect a combination of short-term position adjustments and anticipation surrounding the key labor market data, which is expected to provide fresh cues on the Federal Reserve’s policy trajectory. Market Context Ahead of the NFP Release The NZD/USD pair has been trading in a relatively narrow range this week, consolidating after a volatile period driven by shifting expectations for US interest rates. The upcoming NFP report, scheduled for release on Friday, is widely considered the most significant economic indicator this week, with the potential to influence the US Dollar’s direction and, by extension, the Kiwi. Market consensus points to a moderate increase in payrolls, but any deviation from expectations could trigger sharp movements in the pair. A stronger-than-expected report would likely bolster the US Dollar, putting downward pressure on NZD/USD, while a weaker print could support the New Zealand Dollar as it would reinforce expectations of a less aggressive Federal Reserve. Fundamental Drivers for the New Zealand Dollar Beyond the immediate focus on US data, the New Zealand Dollar’s recent performance has been shaped by domestic factors, particularly the Reserve Bank of New Zealand’s (RBNZ) monetary policy stance. The RBNZ has signaled that interest rates may need to remain restrictive for some time to curb inflation, which has provided some support for the currency. However, concerns about a slowing Chinese economy—a major trading partner for New Zealand—continue to weigh on the Kiwi’s outlook. Weakness in commodity prices, particularly dairy, has also added to the headwinds. These factors suggest that while the NZD/USD may find temporary support ahead of the NFP release, its broader trend remains vulnerable to external pressures. Technical Levels to Watch From a technical perspective, the 0.5950 level has emerged as a key near-term support zone for NZD/USD. A sustained break above the 0.5980 resistance level could open the door for a move toward the 0.6020 area, while a failure to hold above 0.5950 may lead to a retest of the 0.5900 support. The pair’s short-term momentum indicators are mixed, suggesting that traders are waiting for a catalyst to determine the next directional move. The NFP report is likely to provide that catalyst, making Friday’s release a critical event for the pair. Conclusion The NZD/USD pair’s move above 0.5950 reflects a cautious market awaiting the US jobs report. While the Kiwi has found some short-term support, the broader outlook remains tied to the interplay between US monetary policy expectations and New Zealand’s domestic economic challenges. Traders should brace for potential volatility following the NFP release, with the data likely to set the tone for the pair in the coming sessions. FAQs Q1: Why is the NZD/USD pair moving ahead of the NFP report? The movement is primarily driven by position adjustments and market anticipation. Traders are adjusting their positions ahead of the US Nonfarm Payrolls data, which is a key indicator for the Federal Reserve’s policy direction. A strong report could strengthen the US Dollar, while a weak report could support the Kiwi. Q2: What are the key levels to watch for NZD/USD? The 0.5950 level is acting as near-term support. On the upside, resistance is seen at 0.5980, followed by 0.6020. A break below 0.5950 could lead to a test of 0.5900. These levels are important for traders to monitor. Q3: How does the Reserve Bank of New Zealand’s policy affect the NZD/USD? The RBNZ’s interest rate decisions and forward guidance have a significant impact on the New Zealand Dollar. A hawkish stance, indicating higher rates for longer, tends to support the NZD, while a dovish outlook can weaken it. The RBNZ’s focus on controlling inflation has been a key factor in the currency’s recent performance. This post NZD/USD Holds Above 0.5950 as Markets Eye US Jobs Data for Next Move first appeared on BitcoinWorld .
8 May 2026, 12:02
Analyst Says XRP Price Breakout Is Confirmed. Here’s the Signal
XRP is trading at $1.38 on the monthly chart. A recent chart from crypto analyst Amonyx (@amonyx) suggests that it won’t be here for long. He posted a TradingView chart showing a confirmed XRP breakout with strong bullish expectations. He flagged the setup as conviction and predicted the price would move fast. The chart covers over a decade of price history. It shows a pattern analysts have been watching closely. Now, the structure appears to have been resolved again. BREAKOUT CONFIRMED Get ready… this is about to move FAST $XRP pic.twitter.com/lrOUr3E2JW — Amonyx (@amonyx) May 7, 2026 What the Chart Shows The monthly chart shows XRP dating back to 2014. Two ascending parallel trendlines define the long-term ascending channel . The digital asset has respected both boundaries across multiple cycles. In early 2018, XRP spiked above $3 before suddenly pulling back sharply. It spent years compressing within the lower half of the channel. In 2024, it began climbing again . This time, it stayed above previous lows despite multiple market crashes in 2025 and a prevailing bearish sentiment in 2026. The current candle sits at $1.41, with a session high of $1.46. A large arrow on the chart points sharply upward from the current price level toward $11 and $35. That arrow reflects the analyst’s projected trajectory if the breakout holds. The RSI Reading The RSI indicator at the bottom of the chart adds context. During the 2018 and 2025 rallies, RSI surpassed 90. During the 2021 cycle, it hit approximately 80. The current reading sits near 45, well below those prior peaks. That gap matters. RSI at 60 on the monthly chart suggests the current move has not yet reached overbought territory. Prior cycles ran significantly higher before reversing. The current setup shows room for continuation based on that historical comparison. Structure and Repetition The chart highlights key consolidation zones in orange. The first appeared in 2017, the second in 2024, and the asset began forming the current one after hitting its all-time high in July 2025 . These phases form as XRP trades consistently below a descending trendline. Once this resistance pushes XRP to the bottom of the ascending channel, it could repeat history and experience a notable surge. Amonyx’s chart presents the breakout as a structural confirmation. The logarithmic scale places the projected move in perspective against prior cycles. Price action in the coming weeks will confirm whether the breakout sustains. 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 Analyst Says XRP Price Breakout Is Confirmed. Here’s the Signal appeared first on Times Tabloid .
![Prosper [OLD]](/_next/image?url=https%3A%2F%2Fcoin-images.coingecko.com%2Fcoins%2Fimages%2F13668%2Flarge%2FPROS_OldToken.png%3F1740124943&w=3840&q=75)
