Crypto
KelpDAO sues LayerZero over $292M rsETH exploit
KelpDAO has sued LayerZero and co-founder Bryan Pellegrino in British Columbia over the April 18 exploit that drained 116,500 rsETH worth approximately $292 million.
Summary
- KelpDAO filed a British Columbia lawsuit against LayerZero and CEO Bryan Pellegrino over April’s exploit.
- The April attack drained 116,500 rsETH worth approximately $292 million from KelpDAO’s LayerZero bridge infrastructure.
- KelpDAO alleges LayerZero failed to disclose technology risks and secure infrastructure later compromised by attackers.
- LayerZero says KelpDAO’s one-of-one verifier configuration created the single failure point enabling forged cross-chain messages.
- Pellegrino called the lawsuit meritless and said he will defend himself and LayerZero in Vancouver.
KelpDAO said on September 24 that Evercrest Technologies Inc., the legal entity behind Kelp, filed the action to address what it describes as failures connected to LayerZero’s infrastructure. Kelp’s current terms identify Evercrest Technologies Inc. as the company providing the Kelp application.
The complaint, according to KelpDAO’s public account, alleges that LayerZero failed to disclose weaknesses and risks in its technology and failed to stop attackers from penetrating security infrastructure used by its verifier. No court has ruled on those allegations.
Pellegrino disputes the case. He called the claims “meritless” and said he would defend himself and LayerZero in Vancouver. Current reporting confirms the civil claim names both LayerZero and Pellegrino personally.
KelpDAO says LayerZero approved its bridge setup
KelpDAO’s case centers partly on the configuration of the rsETH bridge. The protocol says LayerZero had reviewed and approved its deployment and configuration in writing before the April exploit, contradicting LayerZero’s later argument that Kelp created a dangerous single-verifier setup.
LayerZero has given a different account. In its April incident statement, the company said Kelp used a 1-of-1 Decentralized Verifier Network, or DVN, leaving no separate verifier capable of rejecting a false cross-chain message. LayerZero said it had previously recommended verifier diversification and described the configuration as a single point of failure.
Kelp pushed back days after the attack. As crypto.news reported in its coverage of the dispute over LayerZero’s default configuration, Kelp said its bridge followed LayerZero’s documented defaults and relied on LayerZero-operated infrastructure. LayerZero maintained that Kelp had manually moved to the 1-of-1 configuration.
Pellegrino later said Kelp originally used multi-DVN or DeadDVN defaults before changing the rsETH deployment. Kelp has disputed LayerZero’s description of the discussions and now says its lawsuit will rely on written records showing LayerZero reviewed the setup.
LayerZero’s own infrastructure was compromised
The parties disagree over responsibility, but LayerZero’s final incident report confirms that attackers penetrated infrastructure operated by LayerZero Labs before the rsETH bridge released the funds.
LayerZero published its detailed report in May, saying the intrusion began on March 6 when an attacker socially engineered a LayerZero developer and obtained session credentials. The attacker then entered LayerZero’s RPC cloud environment and altered internal RPC nodes used by the LayerZero Labs DVN.
During the April 18 attack, the compromised nodes supplied false blockchain information while attackers launched a denial-of-service attack against external RPC providers. LayerZero’s DVN then signed a forged message because its available information indicated that the message was valid.
Kelp’s Ethereum bridge subsequently released 116,500 rsETH even though no corresponding burn had occurred on the source chain. Chainalysis described the event as an attack on off-chain verification infrastructure, not a smart contract vulnerability in Kelp’s rsETH token contract.
A second attempt sought another 40,000 rsETH, then worth roughly $95 million to $100 million, but Kelp had paused its contracts before the forged packet could execute. The pause occurred roughly 46 minutes after the successful drain.
As crypto.news reported in its LayerZero incident report coverage, LayerZero responded by ending support for 1-of-1 DVN configurations and moving affected applications toward multi-verifier setups. The company said its updated security model requires more independent verification paths.
Lawsuit follows months of competing blame
KelpDAO’s newly filed action turns a public technical dispute into a civil court case. Kelp says LayerZero and Pellegrino spent months placing responsibility on Kelp after infrastructure controlled by LayerZero was compromised.
LayerZero has maintained that the attacker could not have stolen the rsETH if Kelp had required multiple independent DVNs. Its May report said a hardened configuration requiring separate verifiers to agree would have stopped one compromised verifier from authorizing the forged message.
Security researchers have documented both parts of the failure. Blockaid found that LayerZero’s sole DVN authenticated the false cross-chain message and that the absence of a second verifier allowed it to reach Kelp’s Ethereum adapter.
Chainalysis reached a similar technical finding while focusing on the compromised infrastructure. Its investigation found attackers manipulated LayerZero-operated RPC nodes feeding the DVN and forced the verifier to rely on those nodes by disrupting external providers.
LayerZero and several researchers have attributed the attack to North Korea-linked TraderTraitor, associated with the Lazarus Group. LayerZero’s final report said Mandiant, CrowdStrike and independent researchers reached that attribution.
As crypto.news reported in its coverage of the Lazarus attribution, the finding came from LayerZero’s investigation and associated security work. The lawsuit concerns responsibility between Kelp and LayerZero for the conditions that allowed the exploit; the attribution does not resolve that civil dispute.
Kelp has moved rsETH away from LayerZero
Kelp began changing its bridge infrastructure while recovery work continued. In May, it announced a migration of rsETH cross-chain transfers from LayerZero’s OFT framework to Chainlink CCIP.
Crypto.news reported that Kelp moved rsETH toward Chainlink CCIP as the disagreement with LayerZero continued. Pellegrino disputed Kelp’s account of the original bridge configuration during that migration process.
By May 25, Kelp said it had transferred the final 20,373.72 rsETH tranche needed for its operational recovery plan. Minting, redemptions and rewards had resumed, while bridging services reopened after earlier asset transfers restored backing to the affected structure.
The recovery involved other DeFi platforms because the attacker had used stolen rsETH as collateral. Aave, Kelp and other participants organized a recovery process after the theft created losses in lending markets. As crypto.news previously reported, Kelp committed 2,000 ETH to the rsETH recovery effort as part of that process.
The civil case now moves into British Columbia’s court process. Under the province’s Supreme Court Civil Rules, a defendant generally has 21 days to respond after service in Canada, 35 days after service in the U.S., or 49 days when served elsewhere, unless the court orders another deadline. Pellegrino has publicly said he intends to contest the action in Vancouver.
Goldman Sachs’ Anshul Sehgal says bonds yielding 5% or more are not the best trade right now. He still favors AI infrastructure, which he sees as a far more asymmetric bet than the long bond.
Sehgal, a global co-head of Fixed Income, Currencies and Commodities (FICC) at the bank, laid out the view just a few days after the Federal Reserve raised interest rates.
Why Goldman Sachs Is Passing on 5%+ Bonds
On Goldman’s The Markets, Sehgal said the 30-year Treasury, known as the long bond, had hovered around 5% for weeks. He noted that clients want to buy it at 5% or higher, yet he still sees little upside.
The yield has kept climbing since the recording, reaching 5.56% on September 29, a new 52-week high. Sehgal blamed structural pressure for the strain on the long end. Retiring baby boomers are buying fewer long bonds, and heavy long-dated borrowing tied to AI is crowding the market.
Those pressures explain why the selloff can persist even without a fresh inflation shock. Fewer retirees buying long bonds and a steady flow of long-dated borrowing tied to AI both weigh on prices, and neither fades quickly.
Sehgal adds that fear over US debt sustainability makes investors less willing to hold the long end, which feeds on itself.
The takeaway is that a rising yield does not necessarily break his thesis. It may instead show why he sees limited reward in owning the bond, while the risk to his AI trade is that costlier long-term borrowing squeezes the levered companies he favors.
AI Compute Is the Asymmetric Trade
An asymmetric trade offers far more potential gain than risk. Sehgal applies that label to compute (AI computing power), data centers, and Neoclouds, which are cloud providers built to rent out that capacity.
“I think the asymmetric expression is being long compute.”
Anshul Sehgal, Goldman
The catch is leverage. Savers collecting higher interest have effectively financed the AI build-out, leaving equities more indebted than a year ago. Sehgal admits these are levered bets. Still, he thinks they can multiply in value, while the wider stock market looks less certain.
Tighter Policy Hits Spenders, Not Capital
Sehgal says the Fed frames its September 16 hike as catch-up after five years above its inflation target. Schwab counts 16 of 19 Fed officials expecting another increase this year. Fed Chair Kevin Warsh also stressed three times that the Fed is easing back some stimulus rather than turning restrictive, Sehgal adds.
He argues that government interest payments flow to capital rather than workers, so higher rates curb household spending, a risk for the broader stock market.
He also rejects the debt-sustainability fears weighing on long bonds.
“For me, that’s a red herring.”
Anshul Sehgal, Goldman
Meanwhile, BlackRock’s Rick Rieder is cutting equities for bonds paying 7% to 8%, though his high-grade bond call still cautions against rushing into the 10-year Treasury.
Sehgal names the Middle East conflict as the top driver of policy and markets in the weeks ahead.
The post Goldman Sachs Explains Why Not to Buy the 5%+ Bonds and Rather Stick to AI appeared first on BeInCrypto.
“Bitcoin has pulled back to $83K, testing the lower boundary of last week’s consolidation range,” Alex Kuptsikevich, chief market analyst at FxPro, said in an email to CoinDesk. “As with the market as a whole, a retest of the $82K region, where peaks were formed in May and early September, is entirely to be expected under current conditions.”
“Looking ahead, a sustained return to prices below $80K would be an important signal that the market is not ready to move higher for some time yet. If, however, this consolidation is soon followed by a new bullish momentum, it could send the leading cryptocurrency well above $90K,” he added.
The pressure is coming from bonds and oil.
Treasuries steadied in Asia after tumbling during U.S. trading, with the 10-year yield up one basis point to 5.25% after reaching its highest level since 2007 on Monday. A higher guaranteed return on government debt raises the bar for holding assets that pay no income, bitcoin among them.
Brent rose more than 1% to nearly $107 a barrel, its second straight gain, as hopes for an imminent diplomatic breakthrough with Iran faded.
Pricier oil feeds into inflation, and traders have been adding to bets that the Fed will raise rates again. MSCI’s All Country World Index fell to its lowest since Sept. 18, and Nasdaq 100 futures slipped 0.3% after Monday’s tech-led selloff on Wall Street.
U.S. dollar-pegged stablecoin Tether is a go-to tool for the Iranian government to bypass sanctions, a new report from a group of Senate Democrats said.
Democrats on the Senate’s Homeland Security and Governmental Affairs Committee’s Permanent Subcommittee on Intelligence published a report Monday laying out the argument that Tether plays a key role in allowing Iran to conduct transactions that skirt international sanctions.
“Iran’s cryptocurrency-based shadow banking network has processed significant volumes of funds and implicates various Iranian interests,” the report said, adding that Tether has “repeatedly failed” to block Iran-connected wallets.
“USDT has become a significant financial lifeline within Iran’s shadow banking network,” the report said.
When Tether does freeze wallets, it sometimes takes weeks, but the company also sometimes responds to requests without actually blacklisting wallets, the report claimed.
“Prior to 2024, Tether did not comprehensively and consistently freeze wallets designated by counter-terrorism agencies and continues to fail to proactively block clearly illicit wallets,” the report said. “This absence of deterrence invited abuse: terrorist organizations such as Hamas shifted from transacting in Bitcoin and a mix of cryptocurrencies to promoting USDT.”
Elon Musk’s Grok AI predicts an extremely bullish price for Ripple (XRP) by January 1, 2027, that will blow the minds of even the most dedicated members of the Ripple Army.
If you’re holding a sizeable bag of XRP USD, you may want to sit down before reading this. Grok claims that $25–$40 is achievable by 2027, with a stretch target of $50+ under the assumption of a full-blown crypto bull market returning and being supercharged by an unprecedented institutional catalyst.
XRP currently trades near $1.50–$1.52 as of September 28, 2026, down nearly -3% over the past 24 hours and with a daily trading volume of $3.5Bn, up from $3.2Bn the day prior.
This outlook is extreme and leans far beyond standard institutional forecasts. It assumes not only a strong late-2026 bull market driven by liquidity and risk-on conditions, but also a once-in-a-generation catalyst.
What is the Catalyst that Grok AI Predicts Could Spark an XRP Run Toward $40
Major central banks (including the Fed, ECB, Bank of Japan, and PBOC) announcing that the XRP Ledger will serve as a primary settlement layer for cross-border CBDC and tokenized asset flows, combined with large commercial banks being incentivized or required to hold XRP as a liquidity buffer, and revelations of massive sovereign wealth fund accumulation.
Under this highly speculative scenario, forced institutional demand collides with retail FOMO in a classic late-cycle mania, allowing XRP to move from the current ~$1.50 range through previous-cycle highs and into the mid-to-high double digits by early 2027.
This remains pure speculation and entertainment, not a base-case or even high-probability outlook. Crypto markets are extremely volatile, and the catalyst described above would require multiple extraordinary policy and institutional developments.
However, with Ripple’s case against the SEC dropped and its subsequent rise as a highly favored US-based digital asset company under President Trump, anything could be on the table for XRP if the perfect scenario aligns.
Got a Gut Feeling? It Could Pay Out 3.7X on Polymarket
Technical Analysis Supporting the Insane Grok AI XRP Price Prediction
On the higher timeframes, XRP has already established a constructive recovery base after reclaiming key moving averages from the mid-September lows near $1.25–$1.30. Price is consolidating in the $1.45–$1.55 region after testing highs near $1.63–$1.66.
In a normal bull market, a sustained break above $1.70–$2.00 would open the door to the prior cycle high near $3.65. Under the extreme institutional adoption scenario outlined above, that prior high would likely be cleared with significant force, triggering a series of measured-move and Fibonacci extension targets far beyond historical levels.
Aggressive projections from the multi-year base, combined with the kind of vertical price discovery seen in previous mania phases, could theoretically extend into the $25–$40+ zone if volume and momentum expand dramatically. RSI and momentum indicators would almost certainly reach deeply overbought levels during such a move, which is typical of parabolic advances.
Key nearer-term supports remain in the $1.40–$1.45 and $1.30 zones; holding those would keep the broader recovery structure intact while the market waits for (or prices in) any extraordinary catalysts.
Overall, while the current chart supports continued upside in a standard bull market, only an extreme surge in institutional demand and narrative intensity could justify the kind of multi-thousand-percent extension implied by the $25–$50 targets.
Earn $50 and Enter $300K Prize Draw on EdgeX
Maxi Doge Targets Early Mover Upside as XRP Tests Key Levels
While the Grok AI prediction of a potential 30x run for XRP is exciting, presale plays have a stronger track record of producing such returns. It does explain why attention keeps drifting toward presale-stage plays with smaller denominators.
Maxi Doge ($MAXI) is one of those plays. It is an Ethereum-based meme token built around a 240-lb canine mascot and a “1000x leverage” trading-culture identity. The presale has raised $4.8M at a current price of $0.0002841, with dynamic APY staking live for holders.
Standout features include holder-only trading competitions with leaderboard rewards and a Maxi Fund treasury earmarked for liquidity and partnerships.
The meme-first, gym-bro marketing angle (“never skip leg day, never skip a pump”) is endearing. The accumulation numbers suggest plenty of traders are picking a side.
Get Ahead of Next Meme Coin Launch Here
Discover: The Best Token Presales
The post Grok AI Predicts XRP Could Hit $40 in 2026 With Landmark Event appeared first on Cryptonews.
When it was first proposed in December 2025, the rule was divisive, drawing ire from environmental advocates while garnering praise from auto-industry trade groups. The Administration finalized it last week with a signoff from President Donald Trump.
The President commented on the forthcoming rule Sept. 26, saying the new standards would “take the waste out of building cars in America.”
“That means LOWER PRICES, saving families thousands on a new, beautiful, and safe car,” he wrote on Truth Social.
The claim that the revisions will pass down cost savings to American buyers, however, relies on several factors, including automakers’ pricing decisions, fuel costs, and broader economic conditions.
What changes under Trump’s new fuel economy rule?
Former President Joe Biden’s regulations were put in place in 2024 to reduce car-based greenhouse gas emissions, decrease dependence on fossil fuels, and spur a transition to electric and hybrid vehicles. The Trump Administration has claimed that its revisions are more focused on bolstering the auto industry and making safer, newer cars more accessible.
EigenLayer held $19.7 billion at its peak and liquid restaking tokens grew more than 1,000% in the first six weeks of 2024. But the services buying security never paid enough to cover both the base staking yield and a premium on top, so the second yield restaking promised never materialized.
On Sept. 8, DefiLlama’s restaking category held $10.02 billion and generated $99,977 in fees over the prior week. The liquid staking category, on $51.87 billion, generated $27.35 million. Per dollar secured, ordinary staking earns roughly 53 times more.
Two developments then removed what was left of the incentive to restake. Points programs subsidizing deposits wound down through 2025, and slashing went live in April 2025. Slashing is the penalty that confiscates part of an operator’s staked ETH when it misbehaves, by going offline or signing conflicting messages, for example. So restaking suddenly carried a real, priced downside where before the risk had been theoretical. There was no extra yield to compensate.
Set ether.fi aside and the rest of the sector is small. Renzo, Kelp, Swell, Puffer Finance and Bedrock, the five largest remaining liquid restaking tokens, made $953,350 in combined gross profit in the second quarter of 2026. Three quarters earlier the same five made $2.18 million. Puffer, which raised $23 million, recorded $21,590 for the quarter. Swell recorded $22,370.
The income statements also show which part of these businesses was ever profitable, and it was not the restaking. On Kelp’s books, EIGEN token rewards appear at $460,600 in gross revenue and $460,600 in cost of revenue: they arrive and pass straight to depositors, leaving nothing with the protocol. Puffer and Swell book staking rewards the same way. Whatever profit these companies made came from the orinary staking fees charged underneath the restaking layer.
“There’s a convergence now that you’re seeing between traditional market participants and digital asset market participants as well,” Lynq CEO Jerald David said in an interview with CoinDesk TV.
For firms using Lynq, FTIXX gives them somewhere to put cash between trades rather than leaving it sitting around. They can earn yield on the money and pull it out when they need it again.
That was a product Lynq’s clients had been asking for, David said. The network works with firms including B2C2, Wintermute, Galaxy ·, FalconX, Crypto.com and Fireblocks, whose businesses can require moving large amounts of money between trades. They wanted another option for putting that cash to work in the meantime.
“We needed to demonstrate that there was client demand,” David said. “Our clients were looking for a treasury asset on the platform that may have had a different yield profile than the other instrument that’s on there right now.”
Getting FTIXX onto the network required some work. Lynq had to modify its technology, restrict access to U.S. clients and integrate with Mosaic, he said. Customers also need a relationship with tZERO Securities and must meet the required onboarding and eligibility checks.
Lynq itself runs on a private, permissioned Avalanche (AVAX) Layer 1 blockchain. Its network has more than 30 institutional digital-asset firms onboarded and more than $89 million in assets, according to the company.
Crypto
Crypto’s Widening Net: From Fed Bets to Blackjack Tables, Digital Assets Keep Blurring Old Boundaries
If there is one throughline in this week’s crop of crypto headlines, it is that the industry has stopped pretending it is only about buying and holding coins. Across a handful of stories making the rounds, digital assets are shown pushing into territory once reserved for central bankers, casino floors, brokerage accounts and pre-IPO investors alike — a reminder that “crypto news” increasingly means finance news, gambling news and macro news rolled into one.
Take the growing chatter around prediction markets and Federal Reserve policy. Traders have been flocking to on-chain betting platforms to price the odds of late-2026 rate decisions, effectively turning monetary policy into a tradable asset class alongside Bitcoin and Ethereum. That such markets exist at all is notable: a decade ago, speculating on FOMC outcomes required options contracts or futures desks.
Now it can happen peer-to-peer on a blockchain, with odds shifting in real time as economic data lands. The rise of these markets suggests crypto infrastructure is becoming a genuine alternative venue for hedging and speculating on the traditional economy, not just a parallel casino for digital tokens.
Speaking of casinos, the sector itself continues to evolve in ways that mirror shifts in consumer taste rather than technology alone. Reports on crypto gambling lobbies note that live-dealer blackjack tables are increasingly outnumbering roulette wheels—a seemingly small detail that says more about what crypto-native gamblers want.
Live blackjack offers a sense of skill and control that pure-chance games like roulette can’t match, and operators appear to be responding by stacking their lobbies accordingly. It’s a small but telling sign that crypto casinos are maturing into product-driven businesses competing on experience, not just novelty.
Meanwhile, the boundary between crypto trading and traditional equities markets keeps eroding. New developments around Aave’s lending protocol reportedly let users borrow stablecoins against tokenized versions of tech stocks issued through Coinbase and built on the Base network.
If that model gains traction, it would mark a significant step in bringing real-world assets fully into DeFi’s collateral system — letting someone hold a tokenized slice of a Nasdaq darling and borrow against it the same way they might borrow against ETH or Bitcoin today. It’s the kind of integration that regulators, banks and crypto-native builders have all been circling for years, and its practical rollout matters more than the concept alone.
On the trading-platform side, perpetual futures exchanges continue to expand what counts as a “market.” One report describes a platform offering more than 120 perpetual contracts spanning everything from Bitcoin to pre-IPO robotics companies, letting traders apply leverage to assets that, in many cases, aren’t even publicly listed yet.
This kind of expansion into speculative, illiquid corners of the private market — wrapped in crypto’s leverage-friendly perpetual format — raises real questions about price discovery and risk, even as it satisfies demand from traders hungry for exposure beyond the usual crypto majors.
Finally, there’s the steady drumbeat of token listings that keeps the broader ecosystem churning. A gambling-focused token tied to the Dexsport platform recently landed on the MEXC exchange, a move that typically brings a token more liquidity and visibility, if not necessarily more fundamental value. Listings like these remain a bread-and-butter event in crypto markets — routine, but still closely watched by holders hoping for a price bump and a wider trading audience.
Individually, none of these developments is likely to reshape the industry overnight. But together they sketch a familiar pattern in crypto’s ongoing evolution: infrastructure built for speculative tokens is steadily being repurposed for macro bets, tokenized equities, private-company exposure and gambling products alike.
The technology is proving flexible enough to wrap around almost anything with a price — which is exactly why regulators, investors and casual observers alike keep struggling to say where “crypto” ends and the rest of finance begins.
Perplexity AI predicts that if a full-blown bull market returns in Q4, Bitcoin could reach $180,000 before January 1, 2027. The bullish range is estimated at $140,000 to $180,000, with a potential late-cycle surge that could push Bitcoin beyond $200,000.
Currently priced around $83,000, this would represent a gain of about 115% to reach $180,000. What’s noteworthy is that Bitcoin has already corrected significantly from its previous cycle high of about $126,200 on October 6, 2025, followed by a sharp decline during 2026.
Bitcoin has a history of producing substantial gains during strong market cycles. According to historical annual data, BTC gained approximately 154% in 2023 and 110% in 2024. If the current predictions hold true, we may see a similar increase on the horizon.
Perplexity AI Predicts Bitcoin to $180,000 if Bullish Catalysts Align: Does the Technical Analysis Back it Up?
Bitcoin recently broke out of a pattern of lower highs that had developed since May, reclaiming several key moving averages. According to Reuters’ technical analysis, $81,781 is considered important support, while $86,500 is a significant resistance level. Above that, the next technical targets are around $90,000 and $97,867.
CryptoQuant has noted a similar trend, calling $81,700 a key level because it aligns with Bitcoin’s 365-day moving average. Resistance levels above this are near $86,600 and $88,700.
Bitcoin’s first major test is surpassing the $85,000 level, followed by the $86,000 to $88,000 range. Bitcoin has pushed through this area, which matters because a sustained breakout would remove one of the largest technical obstacles between its current price and the $100,000 level.
The next major milestone is approximately $98,000. Beyond that, the market will be approaching the all-time high of $126,200, where it gets particularly interesting.
Once Bitcoin decisively breaks beyond $126,000, it will enter a phase of genuine price discovery. Historical resistance above that level is very limited. At that point, psychological targets such as $130,000, $140,000, and $150,000 could attract momentum traders and institutional investors.
Earn $50 and Enter $300K Prize Draw on EdgeX
Bitcoin Hyper Targets Early Mover Upside as Bitcoin Drops Dangerously Close to $80,000
A -2.5% daily drop is not too much to worry about for whales and those already heavily positioned at a much lower price. However, for those who bought over $80,000, things could be getting uncomfortable, which is why presale opportunities prove so popular.
Bitcoin Hyper ($HYPER) is positioning itself as the first Bitcoin Layer 2 with full SVM integration. It boasts smart contract execution built for speed that outpaces Solana itself, while settling back to Bitcoin’s base-layer security.
As of today, the presale has raised more than $33.1M at a current token price of just $0.0136864, with staking rewards live at launch at a huge 35% APY.
The pitch: solve Bitcoin’s slow transactions, high fees, and lack of programmability without abandoning what makes BTC trusted in the first place. A Decentralized Canonical Bridge handles BTC transfers natively.
Gain Access to New Bitcoin Layer 2 Early Here
Discover: The Best Token Presales
The post Perplexity AI Predicts a Big Move for BTC in 2026 Even With Recent Dip appeared first on Cryptonews.
XRP lost its $1.50 price pivot today, sliding to $1.47 after a daily decline of about 3%. The break forces a binary question onto the chart: does the selling pressure showing up in spot-market volume resolve into a quick reclaim, or does it open the door to a deeper slide toward $1.40-$1.42?
The 200-day EMA is near $1.37, the level that would flip the medium-term structure from bullish to neutral. The token has been printing lower highs since a local peak near $1.63 on September 23, and a second attempt to clear $1.60 on September 25 failed as well. Since then, the decline has been slow and orderly: $1.55, then $1.52, then $1.50, and now $1.47.
There was no single dramatic session driving the move. Instead, the pattern reads as buyers simply not showing up, with every small bounce getting sold rather than extended. After the sharp rally in early September, that kind of cooling was overdue, but the open question is whether $1.50 was ever real support or just a round number the market is now testing.
Earn $50 and Enter $300K Prize Draw on EdgeX
ETF Accumulation Narrative or Technical Pullback?
The chart itself frames this as a cooling-off period following the rally that carried the XRP price up nearly 50% from its August low near $1.00. RSI sits at a neutral 54, with no overbought or oversold readings to lean on. Price levels, not oscillators, are setting the tone for this week.
Separately, market data has pointed to sustained spot XRP ETF inflows running into the hundreds of millions of dollars over recent weeks, a trend some trackers frame as ongoing institutional accumulation beneath the price action. That flow data is useful context, but it is not confirmed as the driver of Monday’s drop, as the pullback below $1.50 traces cleanly to failed resistance tests and fading bid support.
The medium-term structure remains intact for now. XRP sits above its 200-day EMA at $1.37, which is curling upward for the first time since spring. This is a sign the longer trend has not broken, even as the shorter-term chart bleeds lower. A descending trendline from the late-August spike to $1.70 was cleared in mid-September, and that breakout is what fueled the run to $1.67 in the first place.
A second descending trendline, drawn from the September 23 high, is now the line bulls need to clear in October; left alone, it points toward $1.20 by mid-November. The levels on both sides of the current price are well defined.
Trade XRP on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop
Reclaim $1.50 or Risk $1.37: XRP Price Next Move
The first job for bulls is straightforward: close a daily candle back above $1.50. Do that, and Monday’s drop reads as a fakeout rather than a breakdown, with $1.55 as the next confirmation level and $1.60-$1.63 as the target that would put the September 23 high back in play.
Fail to reclaim $1.50 in the next day or two, and $1.40-$1.42 becomes the level to watch, with the 200-day EMA at $1.37 as the line that actually matters for the medium-term outlook. A close below it would shift Ripple’s native asset from a bullish structure to a neutral one, opening room toward $1.30 and, in a broader crypto market sell-off scenario, $1.20.
$XRP just printed it's 6th weekly close beneath the 50 week EMA. The bears contInue to hold their defence line, with the bulls support below at $1.31 as a guardrail. (20 week EMA. For the time being, we remain compressed. https://t.co/7j6d2KB27L pic.twitter.com/r9kwHDmf2R
—
ChartNerd
(@ChartNerdTA) September 28, 2026
For this week, the range is $1.37 to $1.60, with $1.50 sitting as the pivot in between. On technical analysis grounds, the base case is a dip toward $1.40-$1.42 that gets bought, followed by another attempt at reclaiming $1.50. A pattern consistent with pullbacks inside an uptrend rather than the start of a new downtrend.
The $1.80-$2.00 zone remains the valid medium-term target as long as $1.37 holds; lose it, and that target moves out of reach for the immediate term.
Discover: The Best Token Presales
The post XRP Price Slides 2.9% as $1.50 Reclaim Becomes Critical appeared first on Cryptonews.
Nothing’s new Headphone (1) Pro wants to rival Bose and Sony, not just look cool doing it
Goldman Sachs Explains Why Not to Buy the 5%+ Bonds and Rather Stick to AI
Nations League: Italy rebound in Turkey as France snatch late win in Belgium
-
Fashion4 days agoWeekend Open Thread: J.McLaughlin – Corporette.com
-
Tech & AI1 day agoAnthropic turns Claude into an AI marketplace with 2,000+ plugins and connectors
-
Crypto6 days agoGoldman Sachs and Deutsche Bank Agree: The S&P 500 Rally Isn't Over
-
Tech & AI1 day agoOpenAI is preparing “o,” an always-on ChatGPT assistant that could handle email
-
Fashion5 days ago8 iPhone Accessories That Add Personality
-
Entertainment6 days agoThese 17 Fall Amazon Dresses Seriously Look Like Anthropologie
-
Tech & AI6 days agoReolink’s solar 4K security camera falls to its lowest price in months
-
Crypto7 days agoTrump-Xi Polymarket Odds for Handshake Hit 50%
-
Crypto6 days agoThis Bearish Netflix Stock Trade Can Cash In On Video Streaming Giant’s Woes
-
Crypto5 days agoBitcoin price tests $83,600 Supertrend support after $87K rejection
-
Crypto5 days agoCrude Oil Prices Pressured by Diplomatic Hopes in the Middle East
-
Crypto6 days agoBitGo says Bitcoin absorbed Fed hike, CLARITY failure
-
Business & Hussles6 days agoOil Price Today (September 23): Crude oil below $100 on hopes of US-Iran talks. What did Trump say?
-
Crypto5 days agoBitcoin Threatens Sub-$84,000 Breakdown as Long Liquidations Spike
-
Crypto6 days agoDid Jim Cramer Just Give GameStop Stock the Kiss of Death When He Said the Turnaround Is Working?
-
Tech & AI5 days agoUiPath’s Dines says AI needs a manual and launches Cartographer to write it
-
Crypto5 days agoAs Amazon Stock Prospers, Traders Might Consider This Option Play
-
Crypto5 days agoStrategy resumed Bitcoin buying, but Strive gained more BTC per share
-
Tech & AI7 days agoSega nearly killed Sonic before the movies revived the franchise
-
Crypto2 days agoWall Street Giant Warns AI Agents Could Trigger a New Kind of Bank Run
You must be logged in to post a comment Login