XRP News April 26th: Sistine Research’s latest XRP price prediction has stirred strong reactions across the crypto community, sparking both excitement and skepticism. Based on a technical “cup-and-handle” pattern, the forecast suggests XRP could reach between $33 and $100, fueling optimism among XRP supporters.
However, experts warn that real-world adoption and strong fundamentals are crucial for such a bullish scenario to materialize.
XRP Price Prediction: What’s the Realistic Target?
According to Sistine Research, the XRP price prediction points to a potential surge to $33–$50 under normal conditions and as high as $77–$100 in an extreme case. The analysis leans heavily on the cup-and-handle chart pattern formation, historically associated with strong bullish breakouts.
However, experts caution that technical patterns alone cannot justify such steep price targets without solid support from fundamentals like adoption and regulatory clarity.
In Contrast, A crypto analyst recently analyzed Sistine Research’s bold XRP prediction and urged investors to stay grounded. The analyst explained that while XRP could technically rise to $33–$100 based on a “cup-and-handle” chart pattern, technical patterns alone are not enough to trigger such a massive rally. To reach those prices, XRP would need global adoption and major real-world use cases, which have not materialized yet. Instead, the analyst suggested that a more reasonable XRP price range would be between $5 and $10 during a strong bull market, emphasizing that real growth and solid market support are essential for any major rally.
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Ethereum (ETH) is entering a critical week, with technical signals, on-chain data, and a major upgrade all converging. The Pectra Upgrade, set for May 7, aims to improve staking and wallet functionality, but short-term volatility is likely during the rollout.
Meanwhile, ETH’s BBTrend sits at 1.22, showing early bullish momentum, though not yet strong enough to confirm a breakout. At the same time, whale activity remains near 5,463 addresses, and price continues to trade in a tight range between $1,828 and $1,749—setting the stage for a potential breakout or breakdown.
Ethereum Pectra Upgrade Set for May 7: What to Expect
Ethereum’s highly anticipated Pectra Upgrade is set to go live on May 7, introducing 11 new Ethereum Improvement Proposals (EIPs). EIP-7251 stands out for raising the staking cap from 32 ETH to 2048 ETH, aiming to streamline validator operations and boost staking efficiency.
The upgrade also includes wallet improvements focused on user experience, such as easier recovery and gasless transactions, which could drive broader dApp adoption. While this may increase ETH demand long term, exchanges could temporarily halt ETH transfers during deployment, causing short-term volatility.
Though the upgrade promises significant enhancements, it has already faced multiple delays due to extended testing on networks like Hoodi and Sepolia. A smooth rollout may boost confidence and price, but any technical issues could trigger negative market reactions.
ETH Trend Signal at 1.22: Early Uptrend or Just Noise?
Ethereum’s BBTrend indicator is at 1.22, signaling a mild bullish bias. Over the past day, the BBTrend reached a high of 2.23, showing stronger momentum before pulling back slightly.
Although the current reading has cooled, it remains positive, suggesting the uptrend is not yet invalidated. Traders are watching whether BBTrend can rise again to confirm renewed strength or if momentum continues to fade.
The BBTrend (Band-Break Trend) is a volatility-based indicator designed to detect the strength and direction of price trends. Readings above 1.00 typically suggest a bullish trend, while readings below -1.00 indicate a bearish trend.
Values between -1.00 and 1.00 are considered neutral or trendless, signaling either sideways movement or weak conviction in either direction. The farther the BBTrend moves from zero, the stronger the trend, making values like 2.23 notable for trend confirmation.
However, it’s not a strong breakout level, meaning the price could still reverse if selling pressure increases or momentum fades.
A push back above 2.00 would likely confirm sustained bullish momentum, while a drop below 1.00 might indicate a return to consolidation or even a shift to bearish conditions.
Adding to the broader picture, the number of Ethereum whales—addresses holding between 1,000 and 10,000 ETH—currently stands at 5,463.
This number has fluctuated in recent weeks, struggling to break decisively higher. Whale activity is a critical on-chain signal, as these large holders often influence price movements through accumulation or distribution. A steady or rising whale count typically signals confidence and long-term accumulation, which could support ETH’s price in the coming weeks.
Conversely, a continued stall or drop in whale numbers may reflect hesitation among larger investors, potentially limiting upside momentum.
ETH Stuck in a Range as Traders Await Breakout or Breakdown
Ethereum price has traded between $1,828 resistance and $1,749 support since April 21. The range has held for over two weeks, showing market indecision.
The EMA lines remain bullish, with short-term averages still above long-term ones. However, they’re starting to converge, and a death cross could form soon.
The United States Securities and Exchange Commission (SEC) has postponed its decision on the Grayscale Spot Solana and Litecoin ETFs. The agency said more time is needed to assess whether these filings meet the necessary standards for investor protection and market transparency. This delay affects Grayscale’s efforts to list spot cryptocurrency ETFs that would be traded on the NYSE Arca exchange.
At the same time, the US SEC opened public comment periods for other crypto-related proposals, including BlackRock’s Bitcoin ETF redemption model.
US SEC Extends Review Period for Grayscale SOL and LTC ETFs
The US SEC announced that it will extend the review process for the proposed Grayscale Solana Trust. The agency is evaluating whether the fund complies with the Securities Exchange Act of 1934. If approved, the ETF would allow public trading of Solana-backed shares through traditional investment accounts.
The same decision applies to the Grayscale Litecoin Trust. The SEC said it needs additional time to determine if the Litecoin ETF filing meets the required legal and market conditions. Grayscale’s filings will now follow an extended timeline, which can include several stages before a final decision is reached.
According to the official filing, the commission has begun “proceedings to determine whether the proposed rule change should be approved or disapproved.” This language is standard for when the agency seeks further information or public input on complex filings.
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The SUI price triggered a strong reversal before the daily close, pushing the levels back within the bullish zone. The token had entered a phase of tightening price action, hinting at a potential breakout or breakdown. In the times when the broader market sentiments remained uncertain, the current reversal presents a compelling case for the bulls. However, a continued upswing above the key ranges could validate a rise to $3.75 or levels above.
Now, the question arises whether the bulls will continue to hold a tight grip over the rally.
The token is demonstrating huge strength as it reversed the bearish pattern of H&S, which was speculated to drag the levels below $2.5. With this, the token continues to demonstrate a potential of a 90% upswing that could elevate the levels towards new highs. Meanwhile, in the short term, the bulls appear poised to push the price above $5 as the token is poised to validate a ‘Golden Cross.’
The rebound from the local support hinted towards the growing dominance of the bulls; moreover, the bullish crossover of the 50/200 MAs validated the bullish claim. The previous Golden cross resulted in a 350% rise, which helped the SUI price to form a new ATH around $5.3 and hence a similar price action is expected. Meanwhile, the MACD shows a drop in selling pressure, being within the bullish range, while the other indicators raise some concerns.
The RSI is hovering around 44.83 and is about to rise above the RSI-based MA. If it rises above the range, it could validate a bullish continuation, while the drop in CMF levels points towards bearish continuation, as it hints towards a decrease in the money flow onto the platform. Only if the levels rise back above 0 can a bullish continuation occur. For this, the SUI price is expected to secure the levels above $3.5, which may push the price to $4.
Therefore, the SUI price prediction in the long term is bullish, but the short-term forecast remains shady.
The post SUI Price Gears Up for a Breakout: Here are the Key Levels to Watch Following the Golden Cross appeared first on Coinpedia Fintech News
The SUI price triggered a strong reversal before the daily close, pushing the levels back within the bullish zone. The token had entered a phase of tightening price action, hinting at a potential breakout or breakdown. In the times when the broader market sentiments remained uncertain, the current reversal presents a compelling case for the …
