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XRP Forms Bullish Pattern. Top Analyst Sets Price Target

XRP , the digital asset powering Ripple’s global payments network, is drawing fresh attention as a classic technical pattern emerges on its price chart—one that historically precedes major bullish reversals. According to renowned crypto analyst Ali , the asset is currently shaping an inverse head and shoulders formation, a setup that suggests a potential breakout toward the $2.70 price region if the structure is completed and confirmed. Ali, who shared the insight via a post on X, highlighted the formation as a key technical indicator that traders and institutional participants should not overlook. The inverse head and shoulders are often interpreted as a reliable bottoming signal after a prolonged downtrend, typically forecasting a trend reversal with significant upward momentum. In XRP’s case, such a development could usher in a long-awaited rally. $XRP appears to be forming an inverse head and shoulders pattern, potentially setting the stage for a bullish breakout toward $2.70. pic.twitter.com/LnhRA0zUqV — Ali (@ali_charts) April 23, 2025 Technical Picture Brightens for XRP The inverse head and shoulders pattern consists of three primary troughs: a low (the left shoulder), a deeper low (the head), and a higher low (the right shoulder), all aligned beneath a common resistance level known as the neckline. XRP appears to be nearing the completion of this pattern, with recent price action suggesting a test of the neckline resistance could be imminent. A decisive breakout above this level could validate the pattern, opening the door to a surge as high as $2.70—a target derived from the height of the formation. The emergence of this pattern comes amid growing optimism in the XRP ecosystem. With the broader crypto market stabilizing and Ripple continuing to expand its enterprise solutions for cross-border settlements and liquidity provisioning, technical setups like this could catalyze further momentum if met with favorable macro conditions and investor sentiment. XRP Poised for a Broader Upswing? Beyond the chart structure, XRP has recently been buoyed by several underlying catalysts. Legal clarity, following a pivotal ruling in Ripple’s favor last year that differentiated between XRP’s programmatic sales and securities offerings, has been instrumental in restoring market confidence. This shift has opened the gates for institutional players to re-engage with XRP without the regulatory overhang that previously suppressed participation. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Moreover, several industry insiders have pointed to potential XRP-based ETF products under review, with major financial players such as Grayscale, 21Shares, and Bitwise all showing interest in spot XRP investment vehicles. These developments could inject substantial capital into the XRP market if approved, providing the kind of demand surge that would support a technical breakout of the magnitude Ali has identified. What to Watch Next As XRP hovers near key resistance levels, all eyes are on trading volume and market confirmation of the inverse head and shoulders pattern. A successful breakout would not only reaffirm bullish sentiment but could also signal the beginning of a broader trend reversal that many in the XRP community have long anticipated. Ali’s observation is more than a technical curiosity—it’s a timely insight into a market that appears to be awakening from a period of consolidation . Should the pattern play out, XRP could be on the cusp of reclaiming major ground, potentially pushing past $2.70 and reigniting a fresh phase of price discovery. 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 urged to do in-depth 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 Twitter , Facebook , Telegram , and Google News The post XRP Forms Bullish Pattern. Top Analyst Sets Price Target appeared first on Times Tabloid . CoinOtag

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Solana’s Meteora Hit With Lawsuit Over Alleged Meme Coin Scam

Solana-based decentralized exchange Meteora is facing a class-action lawsuit over pump-and-dump claims surrounding the M3M3 meme coin launch. The complaint alleges this led to losses of at least $69 million between December 2024 and February 2025. Rug Pull Allegations In the April 21 filing with the U.S. District Court for the Southern District of New York, the plaintiffs accused Meteora and its founder, Benjamin Chow, of misleading investors. It also named venture firm Kelsier Labs and several of its executives, including Chairman Thomas Davis and his sons Hayden and Gideon, in claims of manipulating the price of the Solana-based token to profit at the expense of the public. “Together, defendants covertly orchestrated the purportedly public launch of M3M3 on Meteora to limit initial sales to defendants and a tightly-controlled group of insiders,” lawyers for the petitioners wrote. According to the complaint, insiders behind the M3M3 project quietly acquired as much as 95% of the token supply within 20 minutes of launch using over 150 wallets. During this period, access to public buyers was allegedly restricted, which allowed them to inflate the token’s price through internal trades artificially. Once the value spiked, they sold their holdings, leading to a sharp market crash just days after the rollout. The accusers argue that the defendants then made calculated efforts to reinflate the token’s price in an attempt to restore investor trust, but this failed to bring long-term stability. The suit also claims the alleged offenders concealed their identities and affiliations throughout the process, misleading the public into believing the coin was launched fairly. Stake-Based Coins Should be Securities A blog post published in December 2024 introduced Meteora’s platform as a direct response to the “pump-and-dump” issues affecting meme coin markets. At the time, Chow is said to have promoted M3M3 as a secure, stake-backed asset designed to offer long-term value. Investors were also reportedly assured that the launch would be fully transparent and accessible to the public, with staking rewards generated from transaction fees on the Meteora platform. However, the April suit claims that these statements were intentionally deceptive. The filing further seeks regulatory clarity by calling for stake-based meme coins like M3M3 to be officially categorized as securities. Burwick Law notes that such classification could influence how any new celebrity or political token is brought to market on Solana. Meanwhile, Kelsier Ventures, KIP Protocol, and Meteora are also facing a separate class-action case lodged in March over the collapse of the LIBRA token. During that incident, insiders were accused of exploiting private liquidity mechanisms to sell at peak prices, leaving ordinary traders exposed to losses. Chow has since resigned from his leadership position in Meteora amid suspicions of insider trading and financial misconduct linked to the LIBRA fallout. The post Solana’s Meteora Hit With Lawsuit Over Alleged Meme Coin Scam appeared first on CryptoPotato . CoinOtag