XRP’s recent price movement highlights the ongoing tension between bullish optimism and bearish caution. Despite a notable daily gain, fundamental and technical indicators suggest a potential struggle ahead for XRP.
The post Ex-SEC Lawyer Explains Why Ripple and SEC Filed Motion to Pause Appeal appeared first on Coinpedia Fintech News After dragging on for more than four years, the Ripple vs. SEC case finally seems to be wrapping up. But interestingly, the news didn’t come from the SEC — it was Ripple CEO Brad Garlinghouse who confirmed that the long-running legal battle is nearing its end. That’s left many in the XRP community feeling frustrated and a bit skeptical, as they wait for something more official from the SEC. In the latest twist, both Ripple and the SEC have filed a joint motion asking the court to pause the appeal. This is based on their agreement to settle the case — although the settlement still needs to be formally approved by the SEC. Because of this, there won’t be a legal brief filed on April 16th as originally planned. Paul Atkins To Decide What’s Next? Former SEC attorney Marc Fagel weighed in, suggesting that the delay may have something to do with the recent leadership change at the Commission. “Presumably the SEC wanted Atkins at the helm for the vote,” he said, referring to the newly appointed commissioner. “Having him vote on his first day would’ve looked bad — not that his support for the settlement isn’t likely.” He also said that this move avoids any risk of Ripple pulling back from submitting a brief and potentially derailing the process. Attorney Bill Morgan also chimed in with a question that’s on a lot of minds: does the mention of an “indicative ruling” mean the judge is just finalizing the settlement? And does that include removing the injunction against Ripple, which hasn’t been mentioned yet? JUST IN: In a 52-44 vote, the Senate has confirmed Paul Atkins to be the next chair of the Securities and Exchange Commission. https://t.co/jNY1C66FE4 — Eleanor Terrett (@EleanorTerrett) April 9, 2025 Fagel responded, saying we’re in uncharted territory here. He interpreted the language to mean the settlement is contingent on Judge Torres revisiting the injunctive order. If she refuses to modify it, then the appeal — and possibly Ripple’s cross-appeal — could still move forward. All in all, while this case seems to be nearly over, a few key pieces still need to fall into place. Until the SEC signs off and the court weighs in, Ripple supporters will be watching closely — hoping this really is the end of one of crypto’s biggest legal battles.
US Bitcoin mining firms will try to capitalize on the Trump administration’s recent tariff pause by stocking up on mining rigs, but the baseline 10% tariffs will still leave the industry at a disadvantage, industry executives say. President Donald Trump paused his administration's hefty reciprocal tariffs until July 8, but kept a minimum 10% tariff on most countries bar China, which had its rate hiked to 145%. Hashlabs CEO Jaran Mellerud told Cointelegraph that while the 10% levy is much lighter than the initial tariffs, US miners are still at a “clear disadvantage” when it comes to purchasing mining machines, compared to competitors abroad . He said the baseline US tariffs aren’t enough “to make mining in the US unprofitable, but it definitely raises capital expenditure and will impact the long-term viability of new investments.” “We expect to see a short-term spike in machine imports as miners rush to get ahead of potential future tariff hikes,” Mellerud added. Source: Jaran Mellerud A price hike on crypto mining rigs is already happening, Luxor Technology’s chief operating officer Ethan Vera told Cointelegraph. “US miners are still looking to purchase machines ahead of the potential further increase in 90 days. In addition, US-landed machines have run up in price, as have contracts with onshore assembly.” On April 2, Trump’s hiked tariffs placed levies on Thailand, Indonesia and Malaysia — countries home to three of the largest mining rig manufactures — at respective rates of 36%, 32% and 24%. Tariff instability will stunt US Bitcoin mining growth Mellerud said in an April 8 report, before the pause on the hiked tariffs, that Trump’s levies could collapse US demand for mining rigs, to the benefit of non- US mining operations, as manufacturers will look outside the US to sell their surplus inventory for cheaper. He told Cointelegraph the now-lowered tariffs will offer some relief for US miners, but imposing the tariffs and then suddenly pausing them only added uncertainty to US Bitcoin mining firms looking to plan and scale. “What miners need is predictability and stable rules — not policy whiplash every few months.” Luxor’s Vera said that the policy changes “will certainly hurt growth” in the US. Related: Bitcoin hashrate tops 1 Zetahash in historic first, trackers show Vera said Luxor has even been forced to rethink its strategy and consider expanding into international markets for future expansion. Trump pledged during his presidential campaign that he wanted all the remaining Bitcoin ( BTC ) to be “made in the USA.” Several members of Trump’s family have also partnered with Bitcoin mining firm Hut 8 to lead Bitcoin mining venture “American Bitcoin” late last month. The venture aims to build the world’s largest Bitcoin mining firm with strategic reserves. While the tariffs are broad in nature, the crypto mining industry simply isn’t a “high priority” for the Trump administration, Vera said. Trump’s tariffs have shaken up almost every market, including the crypto markets and Bitcoin, which is down 1.2% over the last 24 hours to $80,555, CoinGecko data shows. Bitcoin is now 26% off the $108,786 all-time high it set on Jan. 20 — the same day that Trump returned to the White House. Asia Express: Illegal arcade disguised as … a fake Bitcoin mine? Soldier scams in China
On April 11th, COINOTAG reported a significant milestone for the Binance Launchpool’s 67th project, WalletConnect (WCT). The project has successfully attracted nearly 18.254 million BNB, along with substantial contributions of
BNB price is recovering from the $535 support zone. The price is now consolidating gains and might face hurdles near $588 and $600. BNB price is attempting to recover above the $575 resistance zone. The price is now trading above $565 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $565 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $560 level to start another increase in the near term. BNB Price Faces Resistance After forming a base above the $535 level, BNB price started a fresh increase. There was a move above the $550 and $560 resistance levels. It even recovered above the $580 level before the bears appeared, like Ethereum and Bitcoin . A high was formed at $586 and the price recently correcting some gains. There was a move below the $575 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $534 swing low to the $585 high. However, the bulls were active near the $565 support zone. There is also a connecting bullish trend line forming with support at $565 on the hourly chart of the BNB/USD pair. The price is now trading above $560 and the 100-hourly simple moving average. On the upside, the price could face resistance near the $580 level. The next resistance sits near the $585 level. A clear move above the $585 zone could send the price higher. In the stated case, BNB price could test $592. A close above the $592 resistance might set the pace for a larger move toward the $600 resistance. Any more gains might call for a test of the $620 level in the near term. Another Decline? If BNB fails to clear the $588 resistance, it could start another decline. Initial support on the downside is near the $570 level. The next major support is near the $565 level. The main support sits at $560 and the 50% Fib retracement level of the upward move from the $534 swing low to the $585 high. If there is a downside break below the $560 support, the price could drop toward the $550 support. Any more losses could initiate a larger decline toward the $535 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $565 and $560. Major Resistance Levels – $588 and $600.
US President Donald Trump's return to the White House initially fueled optimism in crypto markets, with Bitcoin (BTC) hitting an all-time high in January and US stocks following suit. However, this upward momentum was short-lived as Trump’s rapid imposition of tariffs introduced new uncertainty, triggering volatility and a pullback in trading activity, according to blockchain analytics firm Kaiko’s Q1 2025 report. Kaiko reported that weekly trading volumes for Bitcoin, Ethereum, and the top 10 altcoins fell by 30% compared to pre-election levels observed in November 2024. Average weekly volume stood at $266 billion in Q1. The decline was primarily due to the decline in demand for altcoins and cautious risk appetite, especially on offshore exchanges. “Altcoin volatility has soared in early 2025, reaching multi-year or all-time highs for select tokens, most notably Cardano (ADA),” Kaiko analysts wrote, adding that “Bitcoin’s volatility has also increased sharply, rising from 34% in February to 51% in March.” This widening volatility gap between Bitcoin and altcoins has made some investors more risk-averse and discouraged entry into altcoin markets amid broader macroeconomic concerns. Despite Bitcoin’s dominance, it was not immune to market turbulence in Q1. BTC lost 12% during the quarter, its worst performance since 2018, and is currently trading around 25% below its January peak. It still outperformed most altcoins, especially tokens in the AI and memecoin sectors, which have seen average losses of over 50%. “While expectations for U.S. rate cuts have increased, this is not the kind of dovish turn markets were hoping for,” said Kaiko analyst Dessislava Aubert. “Risk-off sentiment has weighed on both equities and crypto assets.” Related News: Grayscale, Managing Billion Dollars, Said "Tariffs Will Benefit Bitcoin", Explained The Reason Despite a shaky first quarter, analysts believe that Q2 could bring new momentum. Historically, crypto markets tend to outperform in Q2, and several upcoming catalysts could support this pattern. Kaiko’s Adam McCarthy cited Bitcoin’s institutionalization as a key driver, noting that altcoins could benefit in a similar way if exchange-traded products (ETPs) gain regulatory approval. Currently, more than 40 crypto-related ETF applications are awaiting review by new SEC Chairman Paul Atkins and his team. “If there is going to be a bull run in the second half of 2025, altcoins will need to see similar uptake,” McCarthy said, adding, “The introduction of ETFs and other investment products could significantly increase demand.” The expanding stablecoin ecosystem is another promising signal, with the total stablecoin supply increasing by 33% since late 2024 to surpass $230 billion. Kaiko noted that growth in this segment, dominated by USDT and USDC, often precedes rallies in the broader crypto markets. Kaiko analysts concluded that continued policy clarity and macroeconomic downturn, as well as a potentially weaker US dollar, could help Bitcoin decouple from traditional assets in the coming months. *This is not investment advice. Continue Reading: Analytics Firm Says “Bull Could Spark in Second Quarter,” Predicts Fate of Altcoins if Bitcoin Rises
Despite a few positive developments, XRP price has failed to gather momentum and is flirting at the crucial support of $2.0; failing to hold can cause another 40% crash to $1.20. The macro uncertainty and Trump tariff war escalation have cast dark clouds on the crypto space, impacting XRP equally, despite key developments in the SEC vs Ripple lawsuit. XRP Price In A Make It or Break It Position XRP price has been flirting at a crucial support of $2.0, and any directional move can decide the next market action. In the last 24 hours, the Ripple cryptocurrency has bounced back once again from the $1.9 levels and is currently trading at $2.0. However, the daily trading volumes have crashed 51% to $4.21 billion. Although the bounce back has been sharp, crypto analyst Ali Martinez noted that XRP needs to surge past this breakout zone to continue with the rally. As shown in the image below, XRP price is forming a head and shoulders pattern. Also, the immediate support is $1.80, while the gates of a 40% drop to $1.20 are still open. Source: Ali Martinez However, if the Ripple cryptocurrency manages to roar back above $2.0, it can chart its path for an upside breakout to $22, $30, and beyond. Crypto analyst EGRAG Crypto cited the multi-year time-frame, stating that the breakout on a multi-year timeframe can lead to a strong breakout on the upside. The analyst noted: “I’m looking at the last pump from the 2017 cycle, which was an incredible 2,600%! Starting from $1.20, if we see a retracement back to the edge of the triangle, then $30 is definitely within reach!” Source: EGRAG Crypto On-Chain and Ripple Lawsuit Developments XRP’s on-chain metrics highlight huge growth for the Ripple blockchain. On-chain analyst Ali Martinez reports that over 6.26 million addresses now hold at least one XRP, marking a record high for the network. This milestone highlights strong investor confidence despite ongoing market volatility. At the same time, talks of a spot XRP ETF are also on the rise amid positive developments in the Ripple lawsuit, which can be a catalyst to XRP price upside. On Thursday, the United States Securities and Exchange Commission (SEC) and Ripple Labs have jointly filed a pivotal motion following their settlement of the XRP lawsuit . According to the filing submitted to the US Court of Appeals for the Second Circuit, both parties have requested that the appeal be held in abeyance until the court formally approves the resolutions. The post XRP Price Risks 40% Drop to $1.20 If It Doesn’t Regain This Level appeared first on CoinGape .
Momentum is building across the board, with XRP , Solana , and Bitcoin (BTC) showing quick acceleration on technical charts. These market staples are gaining strength from renewed volume and trader confidence. At the same time, eyes are also on MAGACOINFINANCE , which continues to defy early expectations with one of the most disciplined launches in 2025. PRE-SALE SELLING OUT – CLICK HERE TO SECURE A SPOT NOW MAGACOINFINANCE – No Insiders. No Lockups. Just Opportunity. What’s helping MAGACOINFINANCE stand out isn’t just its upside—it’s the design. The token is offered at $0.0002804 , with a confirmed listing target of $0.007 , giving early adopters a 2,396% gain right out of the gate. The MAGA50X bonus remains open, giving contributors a 50% token bonus . Final supply is running low, and once it’s gone, the deal closes permanently. The model is simple: 100% public distribution, a fixed supply of 100 billion tokens , and an early-stage offer that’s still open—but not for long. The project is earning credibility fast, and momentum is building ahead of listings. LIMITED TIME OFFER-GET 50% EXTRA BONUS WITH CODE MAGA50X ETH, LINK, and HBAR Remain Key Players Ethereum (ETH) remains the foundation for the decentralized app ecosystem. Chainlink (LINK) trades around $12.82 , delivering real-world data to on-chain protocols. Hedera (HBAR) holds nearly $0.113 , supporting sustainable enterprise-grade adoption. JOIN A BILLION DOLLAR PROJECT — THIS IS YOUR EARLY ENTRY BEFORE EXCHANGE LAUNCH Conclusion XRP , Solana , and Bitcoin (BTC) are showing strong momentum as April unfolds. Projects like ETH , LINK , and HBAR continue to develop and deliver. But for those searching for real early-stage positioning with fair structure and fast growth, MAGACOINFINANCE is emerging as the boldest option this cycle. For more information on MAGACOINFINANCE and to participate in the pre-sale, visit: Website: magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Crypto Watch: XRP, Solana, and Bitcoin (BTC) Moving Fast
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Ethereum (ETH) has recovered 10% in the past 24 hours, driven by the US administration’s 90-day pause on the trade tariffs for over 75 nations. The second-largest crypto by market capitalization now targets the $1,800 resistance as the next key level to reclaim for a rally continuation. Related Reading: Bitcoin (BTC) Jumps To $82,000 As Trump Announces 90-Day Pause On Tariffs Except China Ethereum Jumps To $1,600 Ethereum’s price hit a 2-year low of $1,385 during this week’s correction, fueling a bearish sentiment among many investors. The cryptocurrency lost the lower zone of its $2,100-$3,900 macro range on March 9 and has retraced around 16% in the past month. Since then, Ethereum eyed a retest of historical demand zones, dropping below the $1,640 area to hit this week’s lows. As a result, many analysts have noted that ETH’s bleeding might not be over, and a retest of the $1,000-1,200 price range is likely if the king of altcoins doesn’t reclaim key levels. Amid its recent performance, ETH dropped below its realized price by accumulating address of $2,000, which some market watchers consider a potential bottom sign. According to research and analytics platform Crypto Rank, the last time Ethereum fell below this level was in March 2020, when the price dropped from $283 to $109 before significantly recovering in the coming months. Notably, US President Donald Trump’s 90-day pause on tariffs for multiple nations, except China, saw the crypto market and stock prices soar, with Ethereum recovering 10% in an hour. Is A Breakout In The Horizon? Analyst Titan of Crypto noted that Ethereum could be on the verge of a comeback based on the ETH/BTC trading pair. In the ETH/BTC chart, the “RSI is showing a familiar pattern. One that previously signaled a potential shift in momentum.” Notably, the multi-year chart shows that the pair tested the trendline three times before momentum shifted and the ETH price surged toward its 2021 ATH. Similarly, the pair has tested the trendline thrice since 2022, suggesting the cryptocurrency might be headed for a comeback. Analyst Crypto Bullet considers a weekly close above $1,550, a key historical support level, necessary for ETH’s bullish momentum. Meanwhile, pseudonym trader Lluciano affirmed that Ethereum “is showing signs of a breakout after holding strong at key support.” Related Reading: Solana (SOL) Needs 15% Bounce After Multi-Year Support Retest, Recovery Ahead? Yesterday, ETH, which was retesting the 2018 all-time high (ATH) levels, jumped from $1,480 to $1,600, briefly nearing the $1,700 resistance before stabilizing between the $1,580-$1,640 price range. He pointed out that “the market could be ready for a bullish reversal” as the cryptocurrency has formed a falling wedge pattern. Per the post, if ETH breaks above the pattern’s upper trendline, at around the $1,840 mark, ETH could see “significant gains” and rally toward higher levels. As of this writing, Ethereum trades at $1,566, an 11% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com