There has been a lot of buzz online this week about ProShares launching an XRP ETF on April 30. Some social media posts and reports claimed that the U.S. Securities and Exchange Commission (SEC) had approved it and that it would go live this week.
But that’s not true.
A spokesperson from ProShares cleared up the confusion. They said: “ProShares does not have any ETF launches scheduled for Wednesday, April 30. We have no further news to share at this time.”
So where did the rumor come from?
The misunderstanding seems to have started because people confused the “effective date” listed in a regulatory filing with an official launch date. When a fund’s registration becomes “effective,” it means it has cleared one step with the SEC, but that doesn’t guarantee a launch on that date.
In fact, the SEC could still object to the launch. A fund’s registration statement becoming effective is only one part of the process. It’s required before a launch, but it doesn’t confirm the exact timing or guarantee approval.
While the news isn’t true—yet—talk of an XRP futures ETF is still important. It shows that XRP is gaining attention from major financial players. And just like with Bitcoin and Ethereum, a futures ETF could be a step toward a full spot ETF in the future.
Hedera (HBAR) is showing mixed signals as it hovers at a key technical juncture. Its market cap is currently at $7 billion. Despite signs of growing momentum, trading volume has dropped 27% in the last 24 hours, now sitting at $104.29 million.
While indicators like the RSI and EMA lines hint at a potential bullish breakout, the BBTrend remains negative, suggesting that trend strength is still fragile. For now, HBAR’s price movement reflects a market in transition, caught between fading volatility and early signs of renewed interest.
HBAR Trend Weakness Eases, But Momentum Still Lacking
Hedera’s BBTrend indicator is currently at -3.53 and has remained in negative territory for nearly three consecutive days. Just yesterday, it hit a recent low of -5, signaling particularly weak trend strength during that period.
Although it has slightly recovered, the fact that BBTrend remains below zero indicates that momentum is still lacking, and the price action is showing limited direction or energy.
This prolonged dip suggests that HBAR may be stuck in a period of consolidation or at risk of entering a broader downtrend if no bullish momentum emerges.
BBTrend, or Bollinger Band Trend, measures the strength and volatility of a price trend by analyzing the expansion or contraction of Bollinger Bands.
Positive values typically suggest strong directional movement, while negative values point to weakening trends and reduced volatility. With BBTrend still sitting at -3.53, HBAR remains in a low-energy zone where neither buyers nor sellers are taking clear control.
Unless the indicator returns to positive territory, HBAR may continue to drift sideways or gradually decline, reflecting market indecision and a lack of strong conviction.
HBAR Builds Momentum as RSI Climbs
Hedera’s RSI (Relative Strength Index) is currently at 55.70, rising from 45 just two days ago. This upward move reflects increasing bullish momentum, showing that buying pressure has picked up after a short period of weakness.
While the RSI remains below overbought levels, the steady rise suggests growing interest in HBAR and a potential continuation of its current upward push, provided that momentum sustains.
The RSI is a momentum oscillator that measures the speed and magnitude of recent price changes, typically on a scale from 0 to 100. Readings above 70 are generally considered overbought, while those below 30 are viewed as oversold.
With HBAR’s RSI now at 55.70, it sits comfortably in neutral-bullish territory, indicating room for further upside before reaching overheated conditions.
If this trend continues and RSI edges closer to 70, it could support a short-term rally—but also raise caution for potential exhaustion ahead.
Hedera Set for Bullish Crossover, But Risks Remain Below $0.153
Hedera’s EMA lines are currently showing signs of a potential golden cross forming, which could signal a shift toward a bullish trend. If this crossover happens and momentum strengthens, Hedera’s price may test the resistance at $0.178.
A breakout above that level could pave the way for a move toward $0.20. If the rally accelerates, prices could climb to $0.258, marking the first time HBAR trades above $0.25 since early March.
The upward slope in short-term EMAs reflects growing optimism, but confirmation will depend on volume and price action in the coming sessions.
However, downside risks still remain. If HBAR fails to hold the support level at $0.153, bearish pressure could drag the token down to $0.124.
While technicals are currently leaning bullish, the price remains at a crucial crossroads, with both breakout and breakdown scenarios in play. Until a clear direction emerges, traders should watch these key levels closely.
Bitcoin price surges past $91,000 as ETF inflows hit $381M; Trump’s Fed comments fuel risk rotation into crypto assets.
Bitcoin (BTC) crosses $91K as Trump ignites capital flight to crypto
Bitcoin (BTC) surged past $91,000 for the first time in 52 days, as institutional capital rotated into crypto markets following renewed political friction over U.S. monetary policy.
According to BBC reports, President Donald Trump’s has made fresh attacks on Federal Reserve Chair Jerome Powell—accusing him of politicizing rate decisions and stifling economic recovery—amplified volatility in equities and bonds, driving risk-sensitive investors toward digital assets.
Bitcoin Price Action, April, 22, 2025 | Source: Coingecko
Speaking Monday, Trump warned that Powell “should do the rate cuts because the European Central Bank has already moved,” threatening his removal if reelected. Powell has maintained his intention to complete his term, which ends May 2026.
US dollar index, April 22, 2025 | Source: YahooFinance
Meanwhile, the U.S. Dollar Index fell to 97.92—its lowest since 2022—while 10-year Treasury yields jumped above 4.4%, underscoring market unease over perceived political interference.
ETFs signal institutional conviction as Ark, BlackRock, Fidelity drive inflows
Crypto market reactions after Trump’s latest comments also reflect growing institutional demand. According to SosoValue data Spot Bitcoin ETFs recorded $381 million in net inflows Monday—the strongest single-day acquisition since January 2025. This prompted BTC price to rally 4.5% in the last 48-hours, to hit the $91,200 on Tuesday.
As seen in the chart above, Ark Invest’s ARKB led the surge with $116 million in flows, followed by Fidelity’s FBTC with $87 million and BlackRock’s IBIT with $41 million.
Bitcoin ETF flows as of April 21, 2025 | Source: SosoValue
These inflows point to deepening conviction among U.S.-based asset managers that crypto remains a viable macro hedge, particularly as political instability clouds traditional monetary policy.
More so, the appointment of Paul Atkins as SEC Chair has also helped sentiment. Known for his market-friendly stance, Atkins has pledged to “prioritize a regulatory framework that supports innovation in crypto,” signaling a likely shift away from the enforcement-heavy approach of Gary Gensler.
Bitcoin Price Forecast Today: Breakout momentum targets $94,000 next
Bitcoin price forecast today remains bullish after BTC confirmed a breakout from a tight 3-week consolidation, rising 4.93% to $91,214.
The 12-hour chart shows BTC decisively above its 5, 8, and 13-period simple moving averages, with upward sloping angles—a classic continuation signal. The RSI reading at 71.77 indicates short-term overbought conditions, yet the divergence from the RSI moving average (57.46) reinforces bullish momentum.
Bitcoin Price Forecast Today
This setup suggests BTC could extend toward the $94,000–$95,000 zone if ETF demand persists and macro instability continues. Traders should monitor $87,900 as the next major support, with a break below $88,500 potentially signaling exhaustion. Until then, the broader trajectory remains skewed to the upside.
