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📊 NEW: #Bitcoin’s market dominance has reached a 4-year high, while Ethereum’s share has dropped to multi-year lows.

Crypto analyst Dark Defender reported that XRP’s recent price action aligned with his earlier technical forecasts. Between April 9 and April 16, XRP moved as projected, reaching $2.222 and showing signs of a fifth-wave retracement toward $2.04. The analysis highlighted Elliott Wave patterns and Fibonacci retracement levels to predict a new dip to $1.74. Technical analysis released by Dark Defender on April 9 anticipated that XRP would climb from around $1.90 to $2.222. Price action followed this path. Two days later, on April 11, he updated the chart to show a possible rejection at $2.222, followed by a corrective fifth wave targeting $2.04. By April 16, XRP began its downward move, following the projected wave structure. The forecast used Elliott Wave theory, marking five distinct wave phases. The analysis also relied on the Relative Strength Index (RSI), which showed oversold conditions during wave (3), suggesting a temporary bottom. The April 14 chart identified all major support zones in a green box, forecasting where XRP price might stabilize. The Ichimoku cloud, Fibonacci retracement levels, and trend lines also helped guide the projections. Related: This Bitcoin 2016 Fractal Could Send XRP Price Towards $6: Analysis As of this press time, the updated chart confirmed that price had respected the orange trendline and started moving lower, matching the expected fifth wave decline to $2.04. Notably, XRP is trading at $2.06, a 4.0% loss in the past day, taking its total loss in a month to 11%. Meanwhile, Dark Defender used this series of forecasts to emphasize the value of structured technical analysis. XRP traders closely watching these levels may have found the insights valuable for short-term decision-making. In addition, XRP’s technical pattern today, April 16, suggests that the token is still waiting for wave (5) to complete. The Fibonacci Extension also indicates a final downside target of the 1.68 area, which could see the XRP price drop to $1.74. From this end, Dark Defender expects a bullish reversal. While XRP has been down in the past day, recent developments could lead to a price surge. Asset manager ProShares has joined the XRP ETF race, filing for a futures-based “Short XRP ETF” on April 15, with a proposed launch date of April 30. The product would allow investors to gain exposure to XRP through futures contracts, without directly owning the digital asset. Related: Whales Accumulate XRP: Are They Betting on This Bullish Chart Signal? John Squire called the ETF submission a sign that XRP is “stepping into the spotlight,” and noted that upcoming regulatory decisions could shape its path into traditional finance. Other asset managers, including Bitwise, 21Shares, and CoinShares, have also submitted proposals for XRP-based investment products. According to research firm Kaiko, XRP now leads all altcoins in ETF activity, with 10 active filings—more than Solana, Litecoin, and Dogecoin. XRP also has the strongest liquidity among altcoins, a factor the Securities and Exchange Commission considers in ETF approval decisions. Notably, crypto analyst Amonyx pointed to a multi-year symmetrical triangle formation on XRP’s chart. He noted that this pattern is similar to Bitcoin’s setup in 2016, just before BTC began a major bull run. He believes XRP’s long consolidation within this triangle since 2018 positions it for a possible “explosive move.” Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Analysis: Bitcoin poised for 2023-like rally The U.S. dollar index (DXY) is hovering near multi-year lows after falling below the psychological 100 mark. Andre Dragosch, head of European research at asset management firm Bitwise, pointed out that Goldman Sachs' research still indicates that DXY has room to fall in the future. Trader BitBull said that DXY is falling at the fastest rate since 2023. In early 2023, Bitcoin and altcoins were rebounding from the trough of the 2022 bear market. At that time, Bitcoin had bottomed out in the fourth quarter of 2022 and rose by more than 200% in a year. Bitcoin is expected to see a similar rebound in 2023 as Bitcoin optimism will continue to focus on the momentum of a weaker U.S. dollar. (Cointelegraph)

Bitget launches the first on-chain rebate program to achieve cross-ecological benefits between CEX and DEX Bitget officially launched the industry's first on-chain rebate program, extending the rebate mechanism from centralized exchanges (CEX) to the on-chain ecosystem. Through this plan, partners can receive up to 40% on-chain transaction rebates when promoting Bitget's on-chain trading (Onchain) products, and can be superimposed with the existing spot and contract rebate structure to encourage community co-builders to achieve multi-channel benefits between CEX and DeFi. The Bitget on-chain rebate program is open to partners around the world. After joining, partners will receive an exclusive referral link that can simultaneously promote spot, contract trading and Bitget on-chain trading (Onchain). In addition to basic rebates, Bitget also has a tiered incentive mechanism. Partners with a monthly trading volume of US$20 million can be promoted to the highest rebate level, continuing to encourage long-term cooperation and ecological co-construction.

#Bitcoin - still holding above the key 4h 200ema & local support area, after breaking out from the multi-month downtrend. Looking for a higher low to form this week, before charging towards those highs around $88,700. Looking good!