Closing the four-year legal battle opens a new chapter for XRP mainstream adoption, catalyzed by Ripple Labs’ payment products.
XRP price must hold above the support level of about $2 to invalidate further market correction.
The Donald Trump administration has gradually fulfilled its promises made during the campaign period to the crypto ecosystem. The successful replacement of Gary Gensler with crypto-friendly SEC chair Paul Atkins has helped expedite the closure of several web3-related cases, including against Ripple and Binance exchange.
SEC vs Ripple Case Update
Earlier on Wednesday during the mid-North American trading session, James K Filan, a prominent defense lawyer, released court documents dated April 16 regarding the SEC vs Ripple appeal.
According to the court documents, Circuit Judge José A. Cabrenas granted a joint motion, filed by the U.S. SEC and Ripple to temporarily suspend their appeals amid the case closure.
“The parties jointly move to hold this appeal in abeyance, with the U.S. SEC directed to file a status report within 60 days of this order,” the court order noted.
Meanwhile, Ripple Labs agreed to pay a $50 million fine to settle the longstanding case.
XRP Price Analysis
After closing the first quarter in bearish sentiment, XRP has attempted to regain a bullish outlook in the past few weeks. The large-cap altcoin, with a fully diluted valuation of about $206 billion and a 24-hour average volume of about $3.45 billion, has been forming a potential reversal pattern in the daily timeframe.
The XRP price, against the U.S. dollar, has formed a possible inverse head and shoulders pattern, coupled with a bullish divergence of the daily Relative Strength Index (RSI). As a result, if the XRP price holds above the support level of around $2 and remains above the YTD falling logarithmic trend, a target of between $2.8 and $3 will be achievable.
FORM hit an all-time high of ~$2.64 on May 5, 2025, with a current market cap of ~$942M; it needs to rise to ~$2.60–$2.65 to break the $1B market cap milestone.
Solayer reached ~$3.42 ATH on May 5, 2025, but has since dropped ~43% to ~$1.94, breaking below major support at $2.10–$2.20.
FORM remains in a bullish consolidation phase above key support; Solayer shows a bearish breakdown with resistance flipping at $2.10–$2.20.
FORM shows rising open interest, funding rates, and volume; Solayer shows falling open interest, negative funding, and increased liquidations.
FORM remains bullish toward $1B if support holds, while Solayer stays bearish unless it reclaims the $2.10–$2.20 zone.
FOU (FORM) is trading at ~$2.46 with a market cap of ~$942M and 24h volume up 281% to ~$72.56M, putting it just ~6% away from the $1B milestone, likely requiring a price push to ~$2.60–$2.65. Meanwhile, Solayer (LAYER) recently hit an ATH of ~$3.42 but has sharply declined ~43% to ~$1.94, facing heavy selling pressure.
FORM (FOUR) — Bullish Momentum Faces Key $2.10–$2.20 Test
FOUR (FORM) surged from ~$2.10 to an ATH of ~$2.64, pushing the market cap to ~$942M and bringing the $1B milestone within striking distance. However, momentum has started cooling, and the $2.10–$2.20 support zone now acts as a crucial hold level for bulls.
The RSI reached ~77 (overbought) but has slightly eased, suggesting short-term overheating may trigger a pullback or consolidation. Meanwhile, the MACD is showing signs of flattening, hinting that the recent rally is losing steam. OBV (On-Balance Volume) remains elevated, reflecting strong underlying buying activity, but any decline here would be a warning that capital inflows are slowing.
Short-term moving averages (9-period SMA) sit around ~$2.25, making this the first technical checkpoint. A breakdown below $2.10–$2.20 risks sending price toward deeper support at $2.00 and $1.77
FOUR On-Chain Overview
FORM (FOUR): Open interest surged from ~$40–50M in mid-April to ~$70M on May 6 as price exploded past $2.60, pointing to aggressive long buildup. OI-weighted funding rates turned positive in late April, confirming bullish leverage entering the market. Daily volume stayed moderate at ~$20–40M through April but jumped to ~$80–100M in early May during the breakout. Notably, May 5 saw a cluster of long liquidations following the rally, warning that late longs are now at risk of a shakeout if momentum fades.
Solayer (LAYER) — Breakdown in Play, Bounce Hinges on $1.90 Hold
Solayer (LAYER) surged from the March low near $1.07 to an ATH of $3.43, but momentum has sharply reversed following a breakdown from the rising wedge (bearish) pattern near $2.50. This breakdown accelerated a selloff toward the critical 0.618 Fibonacci retracement at $1.93, which now serves as the key make-or-break zone.
The RSI has cooled dramatically from overbought levels (>70) to ~40, signaling short-term exhaustion and opening the door to a potential relief bounce if buyers step in here. Meanwhile, the MACD shows a clear bearish crossover, underscoring the momentum shift. Crucially, OBV (On-Balance Volume) has declined steeply, confirming that this correction is driven by real capital outflows, not just a temporary sentiment shakeout — a red flag for dip buyers.
Short-term moving averages (9-period cross) have also flipped bearish, with price trading decisively below these trend gauges, suggesting that the immediate path of least resistance remains to the downside
Solayer (LAYER):
Open interest climbed steadily from ~$40M on April 23 to ~$60M by April 30 but has since cooled to ~$30–40M as price corrected from its $3.40 peak. Funding rates flipped sharply negative post-May 5, signaling a sentiment reset and heavy long unwinds.
Volume rose from ~$60–90M in late April to ~$150–180M highs but is now tapering, reflecting reduced speculative activity. Liquidations spiked dramatically on May 5–6, with both longs and shorts wiped out as the price plunged, amplifying intraday volatility.
The post FORM (FOUR) Eyes $1B MC; Solayer (LAYER) Slides After ATH – Key Levels & On-Chain Trends appeared first on Coinpedia Fintech News
Form Coin and Solayer Coin
Pi Coin has seen significant price movement recently, experiencing a notable drawdown that brought it close to crucial support levels.
Despite this decline, the altcoin managed to hold its ground above a potential all-time low (ATL). Inflows from investors are now providing the much-needed momentum for Pi Coin’s recovery.
Pi Network Is Gaining Traction
The current market sentiment for Pi Coin shows some positive signs. The Moving Average Convergence Divergence (MACD) indicator reveals that the bearish momentum has yet to gain strong traction.
A recent bullish crossover, accompanied by green bars on the histogram, suggests that Pi Coin still has the potential to recover. This is a crucial development, as it indicates that the altcoin could regain upward momentum, potentially avoiding a drop to its ATL.
Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
The macro momentum for Pi Coin is also showing signs of improvement, as indicated by the Chaikin Money Flow (CMF). The CMF has seen a sharp uptick, signaling an increase in inflows into the altcoin.
While the indicator is still below the zero line, the rising trend suggests that Pi Coin is regaining traction. This could be a critical factor in helping the altcoin maintain its price above the support levels and prevent it from falling to new lows.
Moreover, the growing investor participation in Pi Coin is a positive indicator of its recovery potential. As more investors show interest in the token, it could create a stable foundation for future price growth.
This influx of capital could also support the altcoin in breaking through resistance levels, leading to a potential price rebound.
Pi Coin’s price has decreased by 9.7% in the last four days, with the altcoin trading at $0.442 at the time of writing. It has recently approached the local support level of $0.440, which has been holding steady.
A key factor for Pi Coin’s recovery will be its ability to bounce off the $0.440 support and secure $0.450 as a new level of support. This could set the stage for a price rebound, pushing Pi Coin towards $0.493 and helping it regain the losses incurred over the past days.
However, if investor sentiment shifts from accumulation to selling, Pi Coin may face further downside risk. A breakdown below $0.440 could see the altcoin testing the all-time low of $0.400.
Pi Coin is currently just 9.6% away from this critical level, and if selling pressure mounts, it could reach the ATL once again.
Strategy (NASDAQ: MSTR/STRC), the largest corporate holder of Bitcoin (BTC), has released its financial results for the second quarter of 2025, which ended on June 30. During the second quarter, Strategy raised more than $10 billion through ATM programs and IPOs.
As a result, Strategy increased its Bitcoin holdings to 628,791 coins, which is nearly 3 percent of BTCs total circulating supply. The company’s operating income for the second quarter was about $14.03 billion, which represents a 7,106 percent surge year-over-year (YoY).
The company achieved a gross profit of $78.7 million, which mostly came from the subscription services and product licenses.
“STRC expands our capital markets platform with an instrument engineered to balance stability and yield, and it reflects our commitment to developing innovative financial products that extend the reach of the Bitcoin economy,” Michael Saylor, Executive Chairman at Strategy, noted.
Strategy Remains Committed to Bitcoin’s Long-term Success
According to a Securities and Exchange Commission (SEC) filing dated July 31, Strategy entered into a sales agreement with several financial institutions to sell its shares and raise up to $4.2 billion. The company plans to pay a commission of 2 percent of the total raised funds to the financial institutions selling its shares, and use the rest of the capital to purchase more Bitcoins.
Earlier this week, Strategy closed a $2.52 billion IPO for STRC, thus purchasing 21,021 BTCs. As a result, Strategy achieved a BTC Yield of 25 percent YTD.
Market Impact
The palpable success rate recorded by Strategy with its Bitcoin plan has convinced other corporations to follow the same path. According to aggregate market data analysis from BitcoinTreasuries, 285 entities hold about 3.64 Bitcoins in the respective treasuries.
As a result, Bitcoin price is well-positioned to rally exponentially in the coming months and years, fueled by the supply vs demand shock. Moreover, the U.S. has led other nations in implementing clear crypto regulations.
The post Strategy Releases Q2 Financial Results: Files for $4.2B STRC Offering to Buy Bitcoin appeared first on Coinpedia Fintech News
Strategy (NASDAQ: MSTR/STRC), the largest corporate holder of Bitcoin (BTC), has released its financial results for the second quarter of 2025, which ended on June 30. During the second quarter, Strategy raised more than $10 billion through ATM programs and IPOs. As a result, Strategy increased its Bitcoin holdings to 628,791 coins, which is nearly …
