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Currently, $XRP 's price is undergoing a bullish consolidation; however, an analyst predicts a potential selloff due to an atypical market configuration.

Amid the overall consolidation within the digital currency sector, a leading analyst is convinced that XRP's price may soon lose its upward momentum.

Although it has been consolidating within a narrow range of $2.16 to $2.25 over the past 24 hours, BLOCK BULL suggests that a particular setup on the XRP chart could indicate a downturn in the near future.

Given the various factors influencing the Ripple ecosystem, this prominent altcoin remains under observation for its forthcoming price movement.
Why XRP Price May Fall 30%
The overall uncertainty in the market tends to negatively impact altcoins. Nevertheless, BLOCK BULL has indicated on X that XRP may be vulnerable to a decline of 30% from its present value, potentially reaching a low of $1.55.

The analyst presented a chart in conjunction with the X post to support his forecast. In this chart, he anticipated a rejection at the boundary of a bull flag pattern that the XRP price has formed on the daily chart.

Should XRP fall below $2.2562, the next critical support level to monitor is $1.55. In a significant development, the analyst posits that this setup is a strategy to unsettle retail investors, allowing wealthier individuals to acquire more of the asset.


While the cryptocurrency may continue its decline, which has resulted in a 1,000% liquidation imbalance, the prevailing opinion is contingent upon the potential for a forthcoming breakout.
Current State of the XRP Market
Recent market analysis indicates that the cryptocurrency is currently trading at $2.239, reflecting a 3.58% increase over the past 24 hours.

The coin has experienced a positive shift in its performance over the last month, entering May with a more optimistic outlook.

After recovering from its 7-day losses, it has achieved a 4.52% increase in value during the past month. Data from Cryptorank corroborates that the XRP price has averaged a 25% growth rate in May.

Historically, over the last three years, the coin has concluded the month on a bullish trend and is presently sustaining this pattern.

Despite a 2% price decline noted earlier on May 1, the coin demonstrates resilience, potentially challenging BLOCK BULL’s predictions.
The Ripple Labs Sentiment Anchor
Ripple Labs Inc., a firm specializing in blockchain payments, has recently garnered attention due to its increasing merger and acquisition activities.

Ripple made a $5 billion bid for Circle, which was ultimately declined by the stablecoin issuer, igniting speculation across the market.

There is ongoing speculation regarding the implications of this deal and similar transactions for XRP.

Given the favorable shift in regulatory concerns regarding XRP, Ripple Labs' recent initiatives may pave the way for greater adoption of its offerings, including XRP and the RLUSD stablecoin.

The potential for an increase in XRP's price is linked to a prospective long-term breakout.

$XRP #MarketSentimentToday #Market_Update #CryptoNewss #Ripple

Discover the potential for a 20% decline in the Sui price as the network prepares to unlock tokens valued at approximately $296 million this week.

The $SUI price experienced significant growth in April, driven by the surge of meme coins within its ecosystem, more than doubling from its lowest point on April 7 to its peak last week.

However, these gains could be reversed as the network approaches a substantial token unlock scheduled for May 1, amounting to $296 million.
$296M SUI Tokens to Flood Ahead of May 1 Unlock Event
In the coming days, Sui may experience selling pressure as the network prepares to unlock 88.34 million tokens valued at $296 million on May 1.

This token release is part of a monthly schedule, during which over 50 million tokens are made available according to its vesting plan.

Most of the unlocked tokens will be allocated to Series B investors, who will receive 19.32 million tokens.

Additionally, 14 million tokens will be designated for staked subsidies, while the remaining tokens will be distributed among early contributors and the Mysten Lab Treasuries.

$SUI holders are likely to face dilution for several years, given that the circulating supply stands at 3.24 billion against a total supply of 10 million.

As depicted in the accompanying chart, the final Sui token unlock is anticipated to take place in May 2030.

A token unlock refers to the event when new coins are released into the market according to a predetermined vesting schedule.

This event is frequently perceived as bearish, as it increases the supply in the market, potentially impacting prices if demand does not match.

However, it is important to note that tokens do not necessarily decline in value before or after an unlock, as the vesting schedule is typically accessible to the public.

Consequently, investors may have already factored in the anticipated unlocks. For instance, the price of TRUMP surged following a $300 million token unlock earlier this month.
Sui Price Prediction & Top Down Analysis
Sui Token Price Weekly Analysis

The weekly chart indicates that the Sui token achieved a peak of $3.8690 this month, with these gains occurring last week alongside a surge in Bitcoin and most altcoins.

However, there are indications that the momentum is diminishing, as the token has retraced this week and is gradually forming an evening star candlestick pattern, characterized by a small body and upper and lower shadows.


Given that this is a weekly chart, confirmation will occur if the week concludes around the $3.5 mark.

Increased selling pressure due to token unlocks could lead to a decline to a low of $2.3436, which represents the highest swing from October of the previous year.

A weekly close above the $3.8690 high would negate the evening star pattern and suggest a bullish forecast for the Sui price, potentially reaching the psychological level of $5.

Sui Coin Price 4-Hour Chart Analysis
The four-hour chart presents a more concerning outlook for the $SUI price, having established what appears to be a double-top pattern at $3.811.

It has subsequently dipped slightly beneath the critical support level of $3.4120. Additionally, oscillators indicate a loss of momentum, with the Relative Strength Index falling below 50 and the Awesome Oscillator (AO) bars nearing a drop below the zero line.

A bearish momentum is typically validated when the RSI falls below 50 and the AO declines beneath zero.

Consequently, this chart indicates that the price of Sui coin could potentially decrease by a minimum of 20% in the short term, reaching $2.7377.

#SUI🔥 #MarketSentimentToday #Market_Update #CryptoNewss #memecoin

In April 2025, the crypto markets were shaken by additional tariffs imposed by US President Donald Trump, potentially influencing Canada's elections on April 28. Trump's tariffs on 185 countries led to significant market drops, with the Dow Jones falling by 2,200 points and the S&P 500 by nearly 6%. Despite this, Bitcoin showed resilience and recovered by the end of the month. Ethereum's blockchain adoption metrics are promising, with 60% of real-world assets tokenized on the network. The Canadian elections resulted in a victory for the Liberal Party, forming a minority government. The outcome will impact Canada's crypto policy, as Prime Minister Mark Carney has expressed skepticism towards cryptocurrencies but openness to blockchain technology. Additionally, the tokenization of real-world assets on Ethereum has seen significant growth, with major financial firms exploring this technology. Several US states have also introduced pro-crypto legislation, signaling a shifting landscape in the crypto and blockchain industry.
#CryptoNewss #TrumpTariffsImpactOnCrypto #CanadaElection2025 $BTC $ETH $BNB

Malaysian authorities recently raided a Bitcoin mining operation in Hulu Terengganu and Marang, seizing 45 machines valued at $52,145. The syndicates behind the operation illegally tapped into the local grid, causing monthly losses of $8,342. While Bitcoin mining is legal in Malaysia, tampering with electricity connectivity can lead to imprisonment or fines. The rise of illegal mining activities in East and Southeast Asia, driven by international criminal groups, poses challenges. China's ban on mining in 2021 may have shifted such activities to Southeast Asia. Malaysia has faced similar issues before, with significant financial losses due to illegal crypto mining. The crackdown reflects a broader trend in the region, with neighboring Thailand also experiencing crackdowns on illicit mining operations. Authorities are working to combat these activities and protect national grids from energy theft.
#BinanceAlphaAlert #CryptoNewss #Bitcoinmining $BTC