Data Lake 價格LAKE

📢 Update: #Movement Labs suspends Rushi Manche amid ongoing governance review Groom Lake is conducting a third-party investigation into recent events, including issues involving a market maker

Movement: We confirm that Rushi Manche has been suspended from Movement Labs. This decision was made in light of ongoing events and as the third-party review is still being conducted by Groom Lake regarding organizational governance and recent incidents involving a market maker.

Movement: Rushi Manche, co-founder, temporarily suspended Movement Labs said in a statement, “We confirm that co-founder Rushi Manche has been temporarily suspended by Movement Labs. This decision was made in light of the current developments and the fact that Groom Lake, a third-party agency, is still reviewing organizational governance and recent events involving a market maker.”

Movement Labs: We have noticed media reports and the market maker review is still in progress Movement Labs posted on the X platform that it has noticed the media reports. Movement Labs and Movement Network Foundation have commissioned a third party to conduct a detailed review of the abnormal situation of market makers. The review of Groom Lake is still in progress and the results of the investigation will be shared once all the details are mastered.

Trading at $2.28 as of press time, XRP shows a 2.25% daily dip but remains up 8.88% over the past week. Market analyst EGRAG CRYPTO projects this price move as the early stage of a broader rally into what he calls the “Blue Ocean” zone, where targets at $9.5, $17, and $27 define the upper bullish potential. According to the analyst, a breakout from a long-term descending triangle labeled the ‘Red Lake’ has suppressed XRP . This recent movement over this range and the “Final Wake-Up Line” is a structural shift in XRP’s long-term chart. This breakout follows XRP’s rise past the Equilibrium zone near $0.65, which acted as a median point for several prior cycles. A series of Fibonacci extensions supports the projection. The 1.236 level sits at $3.31, the 1.414 level is $4.51, and the 1.618 level is $7.48. The “Blue Ocean” begins at $9.5 and continues to $27, a zone with limited historical price action, allowing for potential fast movement once initial resistance levels break. The structure implies that the gains are made step by step, and each level serves as a test of market strength and a target. EGRAG CRYPTO’s chart emphasizes XRP’s breakout above converging long-term trendlines. A trend reversal on a high time scale becomes confirmed after the Atlas Line bottom boundary and the prior limit of the Final Wake-Up Line are broken. This signals a reversal on extended timeframes while XRP leaves behind an extensive accumulation area. Seven major price points are marked as progressive resistance levels, offering a detailed roadmap toward the $27 zone. The structure of the analysis does not depend on speculative events but follows repeatable patterns tied to historical retracements and extensions. These levels are common in prior altcoin cycles, particularly when assets break from multi-year downtrends. The Fibonacci zones provide trading guidance to investors who operate in fluctuating futures markets and leverage their trading positions. Short-term fluctuations in XRP may become more intense due to institutional trading vehicles despite their positive impact on liquidity. EGRAG noted that XRP trades “with the sharks,” referring to the influx of sophisticated players. ProShares’s rise of XRP futures, leveraged ETFs, and three XRP-linked products brings increased risk and new investment possibilities. These financial instruments increase market volatility since traders respond to price movements and asset liquidations. XRP continues to maintain a steady position above $2, while focus shifts to $3.3 and $4.5 as significant breakpoint levels. Analyzing XRP crossing specific levels would confirm its continued movement toward the Blue Ocean zone while sustaining alignment with its projected mega candle pattern. 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.