As the SEC vs Ripple lawsuit is coming to an end with the blockchain firm paying a $50 million penalty, developments on an XRP ETF are gathering pace once again. In his latest Bloomberg interview, CEO Brad Gralinghouse said that it’s important to have this exchange-traded fund, while just falling short of accepting that they are working with the world’s largest asset manager, BlackRock. XRP price movement has been relatively mute to this development, while industry players expect a $3 breakout soon.
Are Ripple and BlackRock Exploring Potential XRP ETF?
In his recent Bloomberg interview, Ripple CEO Brad Garlinghouse was asked whether they are collaborating with BlackRock to launch an XRP ETF in the US. Although Garlinghouse didn’t explicitly accept such a collaboration, he sparked speculation by stating, “We think it makes sense for the XRP community overall”.
The prospect of a BlackRock filing for an XRP ETF in 2025 has captured the attention of the crypto community. Many believe that once the regulatory wall over Ripple is removed, asset managers will rush in the second-half of the year to bring a Ripple ETF to the market. Furthermore, Ripple CEO Garlinghouse is also confident that XRP would make it to the US Digital Asset stockpile.
Adding to the discussion, Crypto.com CEO Kris Marszalek highlighted the transformative potential of XRP ETFs. He predicts that the development could attract $8 billion in inflows following the approval.
Ripple Drops Cross-Appeal Against US SEC
The long-running Ripple vs SEC lawsuit has finally come to an end as the blockchain startup has decided to no longer pursue the cross-appeal against the securities regulator. The resolution involves a $75 million refund to Ripple, following the SEC’s decision to drop its appeal and Ripple abandoning its cross-appeal.
This settlement concludes a case that initially resulted in a $125 million penalty against Ripple. With the refund, the company’s net payment to the SEC amounts to $50 million. Under the Trump administration, the SEC has softened its stance, while putting a greater focus on establishing clear crypto regulations.
XRP Price Surge to $3 Soon?
Amid the current development and hopes for XRP ETF, the XRP price has given a muted response as it continues to face strong rejection at $2.50 levels. Despite this, market analysts have made bold predictions, expecting the XRP price rally to continue at $15 and beyond.
Sharing the XRPUSDT chart, popular crypto trader Seyma stated that she’s more bullish on the Ripple cryptocurrency in comparison to other altcoins. “My weekly target is $3-$3.24 i never give investment or trading advice just noted to myself,” she wrote.
Cardano price is floating above the $0.62 level on Sunday April 20, down 0.7% on the daily candle. However, derivatives trading signals observed over the weekend suggest recent Trump comments from Founder Charles Hoskinson are unlikely to impact ADA price action negatively in the week ahead
Cardano Bulls Cluster Around $0.60 Support as Charles Hoskinson Hints at Strained Trump Relationship
Over the weekend, ADA price action has been notably resilient, holding above the critical $0.60 support level.
This comes on the heels of an exclusive interview where Charles Hoskinson dismissed the importance of forging ties with the Trump administration.
Cardano Price Action, April 20 | Source: Coingecko
Despite being excluded from a recent White House crypto summit, Charles Hoskinson claims that the Cardano team has not established a close relationship with the Trump administration.
“I don’t need to make a deal with Trump,” Hoskinson told DL News during Paris Blockchain Week, downplaying the perceived political snub.
Notably, other crypto leaders such as Brian Armstrong (Coinbase) and Michael Saylor (MicroStrategy) met with Trump and top crypto advisors David Sacks and Bo Hines. In reference, Hoskinson emphasized that U.S. political proximity may offer optics but lacks long-term impact.
Cardano left out of Trump-backed Crypto Projects?
When Trump included ADA among five cryptocurrencies in his crypto strategic reserve proposal back in March 2025, it sparked optimism across the Cardano ecosystem.
Many hoped this would signal increased support from the Trump administration. However, a month later, while other crypto projects are actively aligning with U.S. political influencers, Cardano appears to have been sidelined.
Founder Charles Hoskinson remains unfazed in his latest interview, emphasizing that political proximity may offer short-term visibility but rarely leads to sustainable outcomes.
In contrast, Trump-backed WLFI recently unveiled plans to launch a USD1 stablecoin on Ethereum and BNB Chain, while also making strategic investments in tokens like Tron and Chainlink.
The Cardano community has taken note of ADA’s absence from these high-profile initiatives, sparking debate over why one of the industry’s most actively developed blockchains is being left out of Trump-linked crypto endeavors.
Cardano Derivatives Volumes Cross $700M as Markets Lean Bullish
Despite the political headlines surrounding Charles Hoskinson’s remarks, market participants are seemingly more focused on price action than policy drama.
Derivatives trading data over on Sunday April 20, reveals a optimistic, risk-tolerant stance from ADA traders.
As depicted in the Coinglass chart above, the total ADA derivatives trading volume surged by 8.62% to $716.28 million, while open interest edged up to $635.27 million up 1%.
Cardano Derivative Market Analysis, April 20 | Source: Coinglass
The increase in Open Interest matches up to the 1.2% downswing in Cardano spot prices on the day. This signals that bull traders are actively defending their positions to prevent a break down below the $0.60 price level.
What’s more telling is the behavior of traders across top exchanges. On Binance, the long/short ratio sits at 2.19, while OKX shows even more aggressive positioning with a ratio of 2.62, meaning more than two longs for every short. Among top traders, that bullish tilt remains intact, with long-to-short account ratios over 2:1 and position ratios still firmly long-biased.
This accumulation of leveraged long positions suggests that both retail and institutional participants are eyeing a move higher — possibly in anticipation of a breakout past the local resistance at $0.65, or simply confidence in ADA’s technical foundation above $0.60. However, the growing appetite for leverage comes with its own risks.
Cardano Price Analysis For the Week Ahead
Looking ahead, Cardano price outlook suggests bulls may face major stress tests to defend the $0.60 level. Howevrr, if bulls can maintain control and defend against cascading long liquidations, ADA could build enough momentum to challenge $0.65, potentially opening the door to a run toward $0.70.
But failure to hold that line could quickly dampen confidence, potentially sending ADA prices spiraling back toward $0.55.
Cardano Technical Price Analysis Today: Bulls Eye $0.65 as $0.60 Support Holds Steady
Cardano (ADA) enters the week with its price consolidating around $0.6203, where the 4-day SMA acts as immediate resistance. The flattening yellow 4-SMA line hovering near the current price reflects indecision, while the longer-term 60-SMA, sitting significantly higher at $0.7092, reinforces the presence of a persistent macro downtrend. Still, the tight price action and low volatility suggest an imminent breakout is in play.
The BBP (Bollinger Band Percent) currently prints at -0.0088, hinting at compressed volatility and a price trading slightly below its average range — often a precursor to explosive moves. Volume remains subdued at 46.4M, but this may indicate accumulation under resistance rather than a lack of interest.
Cardano Technical Price Analysis Today
If bulls maintain price stability above $0.60, this could build enough structural momentum to pierce the $0.65 level, a threshold that aligns with recent intra-range resistance.
In the broader market context, Bitcoin’s price forecast today leans neutral-bullish, showing range-bound strength above $83,000 in each of the last days of trading. This sets a supportive backdrop for ADA price outlook in the week ahead.
However, failure to hold $0.60 may expose ADA to cascading liquidations, potentially dragging price back toward $0.55. The week ahead will be crucial as volatility returns to the crypto majors.
Bitcoin price today has officially broken past the $87,000 mark, marking a bold new chapter in this ongoing bull cycle.
Bitcoin’s $87K mark is reviving its “digital gold” narrative as economic uncertainty grips global markets. With gold hitting new highs above $3,380 and the U.S. dollar facing pressure from expected interest rate cuts, investors are once again turning to alternative stores of value.
After a 20% drop since January, BTC Price has regained strength, aligning more with gold’s movements rather than equities. This shift highlights the appeal of crypto as a hedge against inflation and currency devaluation.
Altcoins like ADA, BNB, XRP, and ETH saw modest gains of up to 1.5%, while Solana (SOL) surged by 5.2% over the week, recovering losses from Thursday.
Crypto Price Today: Major Altcoins See Surge
As Bitcoin leads the charge, altcoins are gaining serious momentum. Binance Coin (BNB) broke through the $600 level after a 3.2% surge, fueled by Binance’s latest token burn worth over $1 billion. Large holders are accumulating during the volatility, and open interest has jumped to $760 million, suggesting strong trader interest.
Solana (SOL) soared over 10%, blasting past the $135 resistance level with solid volume and an ascending price structure. On-chain data highlights strong buying between $129 and $144, confirming the rally’s strength.
XRP has also broken out after months of sideways movement, with bullish indicators pointing toward a target near $2.15. Meanwhile, Cardano’s ADA is holding above $0.63, supported by strong volume and technical signals for further gains.
Together, these moves mark a clear shift in market mood. As Bitcoin resumes its climb, confidence is returning, and altcoins are following closely. The safe-haven appeal of crypto is back on the table, and investors are once again paying attention.
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Bitcoin price today has officially broken past the $87,000 mark, marking a bold new chapter in this ongoing bull cycle. Bitcoin’s $87K mark is reviving its “digital gold” narrative as economic uncertainty grips global markets. With gold hitting new highs above $3,380 and the U.S. dollar facing pressure from expected interest rate cuts, investors are …
