WazirX has once again postponed the distribution of its remaining user funds, pushing the timeline to May 2025. This marks another delay in the ongoing process, leaving many users waiting longer than expected. The exchange cited internal reasons for the setback but did not provide detailed explanations. Users who have been anticipating the release of their funds will now need to wait an additional month as the new distribution plan takes shape.
Stellar (XLM) has been up almost 19% over the last seven days, and its market cap is now close to $9 billion. The RSI has surged above 70, while the ADX shows rising trend strength, and the EMA lines confirm bullish momentum.
XLM is holding an uptrend and pushing toward key resistance around $0.30. However, if support levels fail, signs of overheating could lead to short-term pullbacks.
Is Stellar Overheating? RSI Hits 71.5
Stellar is currently showing strong bullish momentum. Its Relative Strength Index (RSI) climbed to 71.5, significantly from 55.2 just three days ago.
This rapid increase highlights a surge in buying activity, reflecting growing investor confidence in XLM’s short-term price prospects. The sharp move also suggests that Stellar has quickly transitioned from a neutral to a more aggressively bullish setup, capturing attention among traders who closely monitor momentum indicators for entry and exit signals.
Such a fast rise in RSI often indicates intense demand, but it can also signal that the asset is approaching stretched conditions, which may increase volatility.
The RSI, or Relative Strength Index, is a technical indicator used to assess the strength and speed of an asset’s recent price movements. It operates on a scale from 0 to 100, where readings above 70 generally suggest an asset is overbought, and readings below 30 indicate oversold conditions.
When the RSI crosses above 70, it often warns that the asset could be due for a pause, consolidation, or minor correction as buying momentum overheats.
With Stellar’s RSI now at 71.5, XLM has officially entered overbought territory. This could mean that while bullish sentiment remains dominant, the price is increasingly vulnerable to pullbacks if momentum slows or traders begin locking in profits after the recent surge.
XLM Trend Momentum Builds as Buying Pressure Dominates
The Stellar Directional Movement Index (DMI) chart signals strengthening trend momentum. Its Average Directional Index (ADX) is currently at 37.41, up from 26.56 just two days ago.
This sharp increase in ADX suggests that the trend is gaining strength, confirming that market participants are firmly committed to the prevailing direction.
An ADX above 25 generally indicates the presence of a meaningful trend, and with XLM’s ADX now approaching 40, the uptrend is well-established and becoming increasingly powerful, attracting more attention from momentum traders and technical analysts.
The ADX, or Average Directional Index, measures the strength of a trend. It does not indicate the direction. It moves between 0 and 100. Readings below 20 show a weak or non-existent trend. Readings above 25 suggest a strong and sustainable trend is underway.
Along with the ADX, the DMI tracks two other important lines. The Positive Directional Indicator (+DI) measures upward pressure, while the negative directional indicator (-DI) measures downward pressure.
XLM’s +DI is now at 33.59. It was at 22.81 two days ago but is slightly down from a recent peak of 36.47. This shows some short-term volatility, even with strong overall buying pressure.
Meanwhile, the -DI has dropped sharply to 9.91 from 19.8 three days ago. This signals that selling pressure has weakened considerably.
Taken together, these movements confirm that XLM remains firmly in an uptrend. However, small fluctuations in +DI suggest that while bulls are still in control, the pace of buying could face brief pauses or small pullbacks as the rally matures.
Stellar Bullish Trend Intact, but Key Support at $0.279 Must Hold
Stellar’s Exponential Moving Averages (EMAs) are flashing strong bullish signals, with the short-term EMAs currently positioned above the long-term ones. This classic pattern reflects sustained upward momentum.
The next major resistance level sits around $0.30, a psychological barrier that could briefly slow XLM’s advance.
However, if Stellar manages to break decisively above $0.30, the path higher opens toward $0.349 and potentially $0.37, which would mark the first time XLM trades above $0.35 since March 2.
On the downside, the support level at $0.279 has become crucial for maintaining the bullish structure.
A successful retest of this support could serve as a healthy consolidation before another leg higher, but a clear loss of $0.279 could trigger a more meaningful correction.
If that happens, XLM price could slide toward the next major support at $0.258, and if selling pressure accelerates, deeper retracements toward $0.239 or even $0.20 are possible.
The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on Franklin Templeton’s proposed XRP Spot ETF, pushing the deadline to June 17th, 2025. While some investors are getting nervous, experts say this isn’t surprising — and there’s no need to panic.
The reason? XRP futures contracts aren’t even live yet on the CME (Chicago Mercantile Exchange). The SEC has followed a clear pattern with other crypto ETFs like Bitcoin and Ethereum in the past: they wait for futures markets to be active and collect enough trading data before considering approval for a spot ETF. This ensures they have a reliable market sample to monitor before giving the green light.
Not just XRP — the SEC is also delaying decisions on other crypto-related ETFs, including those tied to Ethereum staking and Dogecoin. According to James Seyffart, an ETF analyst at Bloomberg, further delays are expected this week for ETF applications involving Solana (SOL) and Hedera Hashgraph (HBAR).
Most final deadlines for these applications won’t arrive until late 2025, so there’s still plenty of time for the regulatory process to play out. Also, Paul Atkins recently stepped into office at the SEC, and it may take time before new leadership shapes policy decisions alongside other commissioners like Hester Peirce.
A Theory For Thought?
Adding to the XRP conversation, a social media user raised an interesting theory: if the SEC and Ripple Labs are considering settling their long-running legal battle with payment in XRP tokens instead of cash, the SEC might delay approving any XRP Spot ETFs until after the settlement. That’s because an ETF approval would likely boost XRP’s price, possibly affecting the value of any settlement made in XRP.
For now, the SEC vs Ripple case is on hold (in abeyance) as both sides work toward a settlement. The deadline for this process is set for June 10th, 2025 — just a week before the new XRP ETF decision date.
The post SEC Puts XRP ETF Decision on Hold, Ripple Settlement Could Decide What’s Next appeared first on Coinpedia Fintech News
The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on Franklin Templeton’s proposed XRP Spot ETF, pushing the deadline to June 17th, 2025. While some investors are getting nervous, experts say this isn’t surprising — and there’s no need to panic. The reason? XRP futures contracts aren’t even live yet on …
While the XRP lawsuit is reaching its closing stages, there are a few loose ends that parties are racing to tie up. Digital assets lawyer James Farrell notes that Ripple Labs will pursue an indicative ruling to ease its future IPO proceedings. However, internal processes at the Securities and Exchange Commission (SEC) may see the loose ends become a knotty issue for Ripple Labs.
Ripple Is Chasing An SEC Settlement And An Indicative Ruling
According to crypto lawyer James Farrell, Ripple and the US SEC have to sidestep a raft of hurdles to reach the final resolution in the XRP lawsuit. Farrell revealed via an X post that Ripple Labs is pursuing a settlement with the SEC while having its sights on an indicative ruling from Judge Torres.
Parties are taking a breather from legal proceedings after the US Court of Appeals granted a joint motion to suspend appeals. As parties sheath their swords and head to the negotiating table, Farrell says Ripple is tipped to table a settlement offer.
Furthermore, Ripple is expected to ask the District Court to issue an indicative ruling, seeking for Judge Torres to modify her judgment. Per Farrell, Ripple wants a modification to allow it to carry out private sales of XRP ahead of a Ripple IPO launch date.
“Why do they want it? Because without it, the possibility of an IPO in the next 3+ years is basically zero,” said Farrell. “So while the cool kids are going public, Ripple practically cannot.”
A Complicated Administrative Process In The XRP Lawsuit
According to the legal expert, the process will involve Ripple submitting a settlement offer and a request for an indicative ruling. Farrell notes that Ripple’s legal team can submit both requests to the SEC jointly or separately.
He notes that the settlement is a low-hanging fruit for Ripple, but the indicative ruling may be a knotty issue for parties in the XRP lawsuit. If the SEC assents to the settlement, Ripple will still have to file a motion before Judge Torres, with the expert forecasting a six-month time frame.
After her decision, parties may head to the appellate court as the appeal is still subsisting, and file a voluntary dismissal. Farrell predicts the process at the appellate court to last for one month.
If Judge Torres denies the motion to modify the injunction, Farrell notes that the parties will head back to the Appeal Court with the argument on appeal potentially extending to January 2027.
Following the pause in legal proceedings in the XRP lawsuit, an analysis tips $2 as the XRP price floor for a parabolic rally.
