4 hours ago
On Tuesday, April 21, Paul Atkins was sworn in as the new chairman of the Securities and Exchange Commission (SEC). On Thursday, April 24, the SEC will hold a closed meeting — and many are speculating, could it augur the conclusion of the longstanding Ripple v. SEC case ? Sunshine Act notice regarding the April 24 SEC meeting. Source: SEC Despite Ripple Labs Chief Executive Officer (CEO) Brad Garlinghouse’s March 19 announcement that the case was concluded, a binding, legal resolution has not yet been reached. In the meantime, XRP has experienced negative price action . The token’s price has decreased by 17.64% from a post-announcement high of $2.55 down to $2.10 at press time, with year-to-date (YTD) gains standing at 0.83%. XRP price year-to-date (YTD) chart. Source: Finbold While the token has found a strong zone of support at $2, without a bullish catalyst, a breakout above the crucial $2.20 level of resistance seems unlikely. Let’s examine the likelihood that such a catalyst will occur following the commission’s meeting. Ripple v. SEC case could be resolved more quickly with Atkins at the helm — but there’s a caveat Unfortunately for XRP bulls, the odds of the Ripple v. SEC case reaching a definitive end this week are slim. For one, there is no guarantee that the meeting in question will broach the topic of XRP at all — it could very well be centered around the minutiae of the transition to Atkins’ leadership. Moreover, James Farell, a crypto lawyer who previously worked at the commission, outlined a possible timeline for the resolution of the case in an April 16 X thread . For the sake of brevity, we won’t discuss it at length here, but the timeline envisions a resolution in October of 2025 in the best-case scenario and in January of 2027 in the worst-case scenario. 1/20 What’s next in the Ripple/SEC saga (TLDR; you are probably measuring this in months and not days). — James Farrell (@Farrell1969) April 16, 2025 In addition, the attorney also dismissed fellow crypto lawyer Fred Rispoli’s claim that Atkins’ appointment could speed up the process, citing the fact that the commission has approved several dismissals under previous leadership, and claiming that the delay is most likely because the regulatory body is not yet ready to draft new regulations. What has been delayed by the SEC due to not having Atkins? Commission approved multiple dismissals and even the Ripple stay short handed. So likely that anything not done is due to factor other than SEC wait for him (not yet ready to draft proposed regs bc want to gather more) — James Farrell (@Farrell1969) April 22, 2025 With that being said, there are other factors at play that could drive up the price of XRP outside of the Ripple v. SEC case. Noted chart expert Ali Martinez is anticipating a major price move on account of a Bollinger Band squeeze. Since the cryptocurrency market seems to be in a bullish phase, seeing as how it has seen a $60 billion inflow in tandem with the recent stock market crash, that price move is more likely than not going to be a move to the upside. Featured image via Shutterstock The post Will the Ripple v. SEC case end this week? appeared first on Finbold .
Finbold
You can visit the page to read the article.
Source: Finbold
Tags :
Cryptocurrency news cryptocurrency Ripple Ripple v. SEC XRP
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Analyst Suggests A 2021-Like Boost for Shiba Inu Is Imminent Amid Current Market Conditions
Shiba Inu (SHIB) continued to hover around $0.00001239 on Tuesday after posting a modest 2.71% dip over the past 24 hours. Despite the subdued movement, market analysts are pointing to an emerging trend that could ignite a rally reminiscent of SHIB’s explosive 2021 surge. Notably, throughout April, SHIB has seen relatively muted price action. The token hit a local high of $0.000013 on April 1 but has since pulled back by roughly 6%. However, a combination of on-chain developments and bullish technical signals suggests a potentially dramatic shift may be brewing beneath the surface. One of the most compelling indicators came on Monday, when SHIB’s token burn rate skyrocketed by an eye-popping 825%, with over 26 million tokens being permanently removed from circulation in just one day, adding to the project’s deflationary appeal. Notably, SHIB’s revamped burn mechanism has garnered significant investor attention, helping to stabilize its price and reignite optimism on social media. With 589 trillion tokens in circulation, if another major token burn occurs, SHIB’s price could experience a notable increase. Meanwhile, amid these developments, several analysts predict that SHIB will spike in the coming days. On Monday, crypto strategist Patrick Schmitt drew comparisons between SHIB’s current consolidation and its behavior leading up to the historic 2021 rally. “ I remember April 2021 like it was yesterday… nothing was moving and it felt like it was over. Then $SHIB started to pump and kicked it all off ,” Schmitt tweeted . “I don’t know which one will kick it off this time, but I’m certain history might repeat—even with different metrics and conditions.” Back in 2021, SHIB surged over 1,000% within weeks after months of sideways trading. Now, technical analysts suggest a similar pattern could be forming. Elsewhere, analyst Ali Martinez highlighted a buy signal on SHIB’s weekly chart triggered by the TD Sequential indicator, often a precursor to sharp upward moves. Martinez also pointed to a MACD crossover and a Relative Strength Index (RSI) above 50 as signs of strengthening bullish momentum. Further strengthening the bullish case, the token has reclaimed its 20-day Exponential Moving Average (EMA) at $0.00001220, signaling that traders are positioning for a potential breakout. On the chart, SHIB also appears to be forming a bullish channel, with support consolidating around $0.000012 and resistance near $0.00001380. The weekly chart also shows a “9” candle, a signal often associated with trend exhaustion and potential reversals, alongside an RSI reading of 53, just above the neutral threshold. That said, if this momentum continues to build, analysts believe SHIB could soon retest recent highs and potentially spark a fresh wave of investor interest, potentially repeating a 2021-like move. Finbold
Chainlink’s Downtrend Faces Pressure Amid Heavy Exchange Inflows and Accumulation Signals
The recent price dynamics and market behavior of Chainlink (LINK) indicate a complex interplay between short-term trading patterns and long-term accumulation strategies. Despite notable single-day inflows to exchanges, indicating selling Finbold
