A big moment for the crypto world has arrived! Purpose Investments Inc. has officially secured the final go-ahead for its Purpose XRP ETF, clearing the way for the fund to launch this week on the Toronto Stock Exchange (TSX). The ETF will start trading on Wednesday, June 18, 2025, under the ticker symbol XRPP.
This makes it the first spot XRP ETF in Canada, giving investors a simple, regulated way to gain direct exposure to XRP.
Vlad Tasevski, Chief Innovation Officer at Purpose Investments, called the approval a breakthrough for the country’s crypto market. “This signals Canada’s growing leadership in creating a secure, regulated environment for digital assets. We’re proud to lead the way by offering investors safe, reliable access to blockchain-powered technologies,” he said.
The new fund will be available in multiple formats to suit different investor needs:
XRPP: CAD-hedged units
XRPP.B: CAD non-hedged units
XRPP.U: US dollar units
Investors will also be able to hold the Purpose XRP ETF in tax-friendly accounts like TFSAs and RRSPs, making it even easier for Canadians to diversify into crypto through trusted, regulated options.
The timing couldn’t be more interesting — this development arrives as the Ripple vs. SEC case in the U.S. heads toward a critical deadline. With legal clarity potentially on the horizon, XRP’s growing global acceptance is reflected in moves like this.
The XRP market is already showing bullish signs. The price is up by more than 7% and has climbed above the important $2.30 level at the time of writing.
The crypto market’s volatility continues, compounded by the absence of bullish signals from broader financial markets. While altcoins are becoming less dependent on external developments, they are increasingly relying on internal network progress to drive price movement.
BeInCrypto has analyzed three altcoins to watch, focusing on whether key events could trigger a price shift in the third week of April.
Filecoin (FIL)
FIL price has bounced off the support of $2.26, currently trading at $2.50. This rebound follows the altcoin’s 27% decline at the end of March, and traders are anticipating a recovery. The support level of $2.26 has proven crucial in halting further losses and enabling a potential uptrend.
Upcoming developments, such as the FIP 0097 proposal, could further boost FIL’s price. The transition to FEVM supporting transient storage and aligning with Ethereum’s EIP-1153 promises cleaner contracts, lower costs, and better compatibility. These improvements could drive FIL past the $2.63 resistance level, potentially reaching $2.99.
If FIL fails to break through the $2.63 barrier, the altcoin may fall back to $2.26. Losing this key support would invalidate the bullish outlook, risking a further drop to $2.00. Investors will closely monitor these levels for signs of a reversal or continued decline.
EigenLayer (EIGEN)
Another one of the key altcoins to watch before April ends, the EIGEN price is poised to breach the $0.86 resistance this week, driven by the upcoming Slashing upgrade. The upgrade will introduce a free marketplace where Operators can earn rewards for their work, and AVSs can launch verifiable services.
If EIGEN capitalizes on the momentum from the Slashing upgrade, it could surpass the $0.86 and $0.92 resistance levels. With continued upward movement, the altcoin could reach $1.00 and beyond. Investors are closely monitoring the effects of this update on price performance.
However, if EIGEN fails to breach $0.86, the price may fall back to the support level of $0.69. This would invalidate the bullish outlook and delay the recovery from the 41.5% losses incurred at the end of March.
OFFICIAL TRUMP (TRUMP)
TRUMP price recently hit an all-time low of $7.14 but has since recovered to $8.33. Despite this recovery, the likelihood of a continued rally is uncertain due to the upcoming token unlock on April 18. This event could create additional selling pressure on the altcoin in the coming days.
The first token unlock in three months, set to release 40 million TRUMP worth $331 million, will flood the market. This unlock will also initiate the daily release of 492,000 TRUMP tokens. Investors are concerned that this increased supply may further weigh on the price.
The surge in supply could prove bearish for TRUMP, which is already facing low demand. This may push the price back down to $7.14 or lower, potentially creating a new all-time low. However, if the price breaches $9.11, the bearish outlook would be invalidated, and recovery could occur.
The bullish crypto scene has investors seeking new, quality projects with concepts that could make them top gainers. Even in this saturated market space, there seem to be such initiatives, with one of the most recently introduced and trending options being XRPTurbo. Created to operate at the intersection of artificial intelligence (AI) and blockchain technology, XRPTurbo may be set to take the XRP Ledger (XRPL) to a whole new level, offering access to some of the most innovative and advanced AI-driven automation and DeFi tools. What Is XRPTurbo? XRPTurbo is a platform that aims to create a dedicated decentralized hub for AI agents and DeFi tools by automating the XRP Ledger using AI technology itself. The mission may seem simple at a glance, but it is rather transformative: XRPTurbo could help revolutionize the XRPL ecosystem by leveraging the power of AI to enable access to more efficient, automated, and scalable… Read More at Coingape.com
Ethereum price hits 60-day peaks above $1,860 driven by institutional interest in Bitcoin, UK regulators proposed ban on DeFi loan markets highlights major risks ahead
Ethereum (ETH) Taps New 60-Day Peaks as Institutions Amplify Bitcoin Demand
Ethereum (ETH) extended its bullish momentum on Friday, surging to a fresh 60-day high above $1,865. The rally comes as institutional demand from Bitcoin ETFs reach historic-peaks.
Ethereum price action, May 2, 2025 | Source: Coingecko
Much of the upside pressure is traced to unprecedented inflows into spot Bitcoin ETFs, which recorded over $4 billion in cumulative acquisitions during nine consecutive days of buying.
This development has spread bullish tailwinds towards the broader altcoin sector, with ETH price evidently benefitting indirectly from renewed investor interest on Friday.
Further fueling sentiment, MicroStrategy announced plans to raise additional capital for Bitcoin accumulation, reinforcing market expectations for sustained institutional engagement.
While Ethereum’s own use case differs, its market value has historically responded positively to macro crypto inflows, as traders anticipate secondary momentum into Layer-1 altcoins.
UK Regulators Move to Ban Crypto Loans with Credit Cards
The UK’s Financial Conduct Authority (FCA) unveiled a proposed ban on crypto-backed lending, signaling a regulatory shift that could have deep repercussions for decentralized finance (DeFi).
The policy targets the growing practice of issuing loans against crypto assets, citing systemic risks to consumer protection and the broader financial system.
The proposal follows closed-door consultations with the Bank of England and other global financial regulators. At the heart of the crackdown is concern over under-collateralized loans and opaque decentralized credit systems. The FCA’s framework would prohibit UK-based platforms from offering loans secured by crypto assets, including stablecoins and major tokens like Bitcoin and Ether.
The draft legislation is currently open for public feedback, with a 90-day comment window preceding final parliamentary review scheduled for Q3 2025.
DeFi Crackdown Could Further Erode Ethereum’s Market Share
The FCA’s proposed ban threatens to deliver a significant blow to the DeFi ecosystem—an area where Ethereum remains the dominant platform.
As of Friday, total DeFi lending and staking value locked (TVL) reached $101.7 billion, with Ethereum accounting for $51.9 billion, or 52% of total market share. This is notably down from its 71% peak during the 2021 bull market, according to DeFiLlama.
DeFi Total Value Locked as of May 2, 2025 | Source: DeFillama
Should the UK’s ban proceed, major Ethereum-hosted protocols like Aave, Compound, and Lido may see declining user activity and capital inflow from the region. In particular, UK-based liquidity providers and institutional platforms may reduce exposure to DeFi entirely, weakening the ecosystem’s depth.
Staking rewards, which depend heavily on borrowing volume and token utility, are also at risk. Lower lending activity could compress yields, potentially triggering a cascading withdrawal effect across Ethereum’s staking protocols. In this scenario, Ethereum’s overall cryptoccurrency market share could decline further.
Ethereum Price Forecast Today: ETH Targets $1,920 as Bullish Structure Strengthens
Ethereum price is gradually carving out a bullish structure as it continues to pressed the $1,865 barrier on Friday. The ETH price action has shown resilience in recent sessions, holding firmly above the 20-day exponential moving average at $1,754—a level that has quietly become a foundation for this uptrend.
As seen below ETH candles have grown tighter near the top of their daily ranges, suggesting mounting pressure from buyers, even as broader market sentiment remains cautious.
Etheruem price forecast today
The Ethereum price forecast today points to a cautiously optimistic outlook. With the Relative Strength Index rising to 58.02, momentum is building but not yet overextended. The Parabolic SAR has shifted firmly beneath the price since late April, reinforcing the narrative that upward momentum is becoming more entrenched. Meanwhile, the Bollinger Band Percent at 140.12 indicates growing volatility, a common precursor to breakout activity when paired with narrowing consolidation.
If Ethereum can push cleanly above the 50-day EMA resistance around $1,858, bulls could find enough conviction to propel prices toward the $1,920 zone. But the structure remains vulnerable to a pullback if this momentum stalls, with $1,754 likely to act as the key support threshold where sentiment could pivot once more.
