PUMP Explodes After Triangle Breakout, Could Hit $0.004 Soon

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The post From Pain to Gain? Market Pundit Sees Ripple’s XRP Crash as Setup for 857% Explosion to $28 ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp XRP’s recent price correction could be laying the groundwork for a major upside move, according to technical analyst EGRAG. EGRAG projected that XRP could surge as high as $28.16 if historical price cycles repeat. That would mark a rally of more than 857%. The thesis hinges on cycle symmetry observed in XRP’s previous multi-year rallies, where extended consolidation phases preceded sharp upward spikes. Historical Cycles Inform the $28 Target EGRAG’s model draws comparisons to XRP’s performance in 2017/2018, when the token jumped from $0.048 to $0.06, consolidated, and then surged to $3.30 in early 2018. A similar structure occurred in the 2020–2021 cycle, during which XRP broke past resistance after months of sideways trading. Advertisement &nbsp In this cycle, XRP rallied from roughly $0.44 in early 2024 to a January 2025 high of around $3.40 before entering its current correction phase. The rally projection is based on what EGRAG describes as a triangular consolidation pattern spanning over 240 days. A descending resistance level, dubbed the Bifrost Bridge, has capped XRP’s price since early 2025. EGRAG’s charts highlight the importance of this line: a confirmed breakout would replicate a similar setup seen in the 2017–2018 rally. The logarithmic model suggests a potential rally toward $48.90, whereas the linear projection is more conservative, targeting $4.89. Analysts have highlighted several potential scenarios based on Fibonacci retracement levels and historical breakout points. XRP has staged significant rallies after surpassing this level, which EGRAG refers to as a “chasm” or pivotal price threshold. A sustained monthly close above $3.03 could indicate a shift in market sentiment and momentum. EGRAG’s analysis maps a triangular price structure that has formed over 300 plus days, suggesting breakout windows in mid-September 2025. A decisive breakout in this timeframe could mirror previous cycles, when XRP’s…

The post Wuhan Police Dismantle Fake Crypto Investment Gang, 30 Arrested appeared on BitcoinEthereumNews.com. Key Points: Wuhan police dismantled a fake crypto investment gang, arresting 30 suspects. Fraud involved a fake dating script to lure investors. No evidence of mainstream cryptocurrencies targeted in the scam. On August 30, Wuhan Public Security Bureau’s Dongxihu Branch dismantled a telecommunication fraud group, arresting 30 suspects involved in fake cryptocurrency investment schemes in Hubei Province. This incident highlights ongoing security challenges in virtual currency investments, stressing the need for stronger fraud prevention mechanisms within the cryptocurrency sector. 30 Arrested in Major Crypto Fraud Crackdown in Wuhan The Dongxihu Branch of the Wuhan Public Security Bureau successfully broke up a criminal gang involved in a complex telecommunications fraud scheme. This operation led to the arrest of 30 suspects, with authorities confirming that 27 were criminally detained and 3 administratively detained. “The gang’s strategy involved creating a ‘high-quality blind date girl’ script,” according to local reports, which was designed to trick individuals into investing in what turned out to be a fraudulent platform for virtual currency. This method capitalized on the anonymity and potential profitability associated with cryptocurrency investments, exploiting those unfamiliar with blockchain technology. In repressive actions, authorities demonstrated significant progress, catching the fraudsters before they could further victimize investors. The event has sparked concern among crypto enthusiasts and investors about the security and credibility of emerging cryptocurrency platforms. No official government or policing statements provide direct specifics on which cryptocurrencies, if any, were targeted. Nonetheless, the incident highlights vulnerabilities in investor protections, especially in unregulated or less scrutinized funds and token offerings. Coincu researchers predict that repetitive fraud cases could encourage stricter regulations, compelling exchanges and blockchain-based platforms to enhance security protocols. Increased oversight may deter such fraudulent activities, ensuring a safer environment for cryptocurrency investors worldwide. Investors are advised to stay informed and cautious regarding potentially deceptive…