Here are the top three news stories from U.Today over the last 24 hours.

XRP: Worst case scenario just played out

XRP holders faced a tough day yesterday as the cryptocurrency experienced a technical rejection, which may hinder or even halt its potential climb towards $3. Currently trading at $2.19, XRP is down 7.14% in the last 24 hours, having failed to overcome the 26-day EMA resistance. This failure has strengthened the grip of bears in the short term. Adding to the bearish outlook, the recent rejection near $2.42, coupled with weak trading volume, has created a concerning setup. This setback is particularly significant as XRP remains below the 50-day EMA, suggesting that a confirmed bullish reversal hasn’t materialized and investor confidence in a long-term uptrend may be waning. XRP is now navigating a tightening range between $2.20 and $2.30. Should this support level fail to hold, the 200-day moving average, hovering around $1.93, becomes a potential target on the downside. Overall, market sentiment remains uncertain, and bulls need to regroup and firmly defend the $2.20 level before attempting another push upwards.

Binance CEO confirms commitment to three crucial principles

Richard Teng, Binance CEO, recently underscored the company’s dedication to transparency, security, and compliance in a recent X post. The post emphasized, “User trust is paramount in the blockchain industry. We’re committed to transparency, security, and compliance to ensure that this technology delivers on its immense potential.” However, this statement raised eyebrows within the crypto community due to its timing, coinciding with growing speculation of Binance’s alleged involvement in an attack on Hyperliquid. The attack involved a sophisticated strategy where an unidentified attacker shorted JELLY futures while simultaneously driving up the coin’s price. This maneuver resulted in significant losses for Hyperliquid, estimated at $10 million. Blockchain analysis has reportedly traced funds used in the attack back to both Binance and OKX, intensifying suspicions that these centralized exchanges might have orchestrated the attack to destabilize Hyperliquid. Subsequently, Hyperliquid responded by delisting JELLY and activating its Auto-Deleveraging mechanism, a move that some users perceived as unfair because of the fixed settlement price.

Another billion SHIB suddenly burned – Shiba Inu exec reacts

Shiba Inu’s marketing lead, Lucie, recently took to the X platform to highlight a massive burn of SHIB tokens that occurred on March 27th. Lucie wrote, “There was another 1B SHIB burn. Totally same address burned 2B SHIB in a 3-day frame,” in her X post. An anonymous whale moved a substantial one billion SHIB tokens, valued at approximately $14,410, to a burn wallet, marking the second instance of a one-billion-SHIB burn this week. Thanks to these large-scale transactions, along with several smaller burns, the total SHIB burn rate has impressively skyrocketed to 57,069%! But what exactly about this burn transaction caught Lucie’s attention? The marketing lead explained that the same wallet address had also burned 700 BONE and LEASH tokens after unstaking them from the ShibaSwap DEX. Intriguingly, on March 24th, the X account associated with the CENT meme coin claimed responsibility for the earlier one-billion-SHIB burn, expressing their intention to burn even more SHIB in the future.