The conversation around a possible XRP Exchange-Traded Fund (ETF) is taking shape once again. According to Steven McClurg, CEO of Canary Capital, XRP is in a strong position to be included in the next wave of crypto ETFs when regulators give the green light.
McClurg explained that the U.S. Securities and Exchange Commission (SEC) is currently working on guidelines to decide which cryptocurrencies can be added to ETFs. While Bitcoin and Ethereum have already secured their spots, XRP is quickly becoming one of the most likely candidates for future approval.
Court Ruling Clears the Way
One big reason for this prediction is the clear court ruling that XRP is not a security. This decision has removed one of the biggest obstacles standing in the way of an ETF approval. McClurg believes this will allow XRP to be smoothly added to an ETF under existing regulations.
“I firmly believe that Ripple is paving the way on a lot of other different things here. And obviously the connection with XRP, so I believe that XRP will be one of those tokens that will be in an ETF when all of this launches,” McClurg said.
Institutions Could Back XRP in a Big Way
When asked which crypto ETFs might attract the most investor interest after Bitcoin and Ethereum, McClurg pointed to XRP. While retail investors may continue leaning toward Solana on crypto exchanges, McClurg sees XRP as a favorite among financial institutions and advisors.
He predicts that, over time, XRP could even gather more assets under management (AUM) than Ethereum, especially because of its strong focus on financial services and payment solutions.
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.
The collapse of Terra USD and Luna coins left countless investors in turmoil. Now, as Terraform Labs winds down its operations after filing for bankruptcy, there’s finally a chance for affected users to get some relief. If you were affected, you can now file a claim to try and get some of your money back.
The deadline to apply has been extended to May 16, 2025, but time is running out, as late submissions will not be accepted.
Submit Your Claims Before May 16, 2025
The original deadline to submit claims was April 30, 2025, but Terraform Labs has extended it to May 16, 2025, at 11:59 p.m. ET. This gives you more time to prepare and submit your claim, but you must act fast!
However, claims must be filed electronically through the official Online Claims Portal. It’s fast and easy, but only if you submit before the cutoff date. Any claims submitted after this deadline will not be accepted, so it’s important to act quickly.
Reminder: The deadline to file Crypto Loss Claims with the Terraform Labs Pte. Ltd. Wind Down Trust is May 16, 2025, at 11:59 p.m. Eastern Time. Creditors must file their Eligible Crypto Loss Claims via https://t.co/7YQvfQr76x by this date. Late submissions will not be accepted.…
If you invested in Terra’s cryptocurrencies, particularly Terra USD or Luna, and lost funds when the tokens collapsed, you’re eligible to file a claim. However, not all cryptocurrencies are eligible.
Cryptos with less than $100 in on-chain liquidity and certain other exclusions won’t qualify. Be sure to check if your holdings meet the requirements before you file.
Required Documents
When submitting your claim, you’ll need to provide proof of ownership. Preferred Evidence, like API keys from exchanges, is the best option, as it’s the quickest and most reliable way to process your claim.
If you don’t have API keys, you can submit Manual Evidence, such as transaction logs or screenshots, but it will take longer to verify, and there’s a chance it could be disqualified.
What Happens After Submission?
Once your claim is submitted, it will be reviewed by the Wind Down Trust. Within 90 days, you’ll receive an initial determination of your claim amount. If all goes well, you can accept or dispute this amount. Undisputed claims will be processed and eligible for disbursement.
Disbursements will be made on a pro-rata basis, meaning everyone gets a fair share depending on their loss.
If You Miss, You Lose!
If you haven’t registered yet, head over to the official claims portal at claims.terra.money and start the process. With the deadline looming, now is your chance to recover some of your losses.
Whether you’re a long-time Terra investor or new to the crypto world, make sure you file before it’s too late!
The post Terra Luna Repayment: How to File Your Claim Before May 16 appeared first on Coinpedia Fintech News
The collapse of Terra USD and Luna coins left countless investors in turmoil. Now, as Terraform Labs winds down its operations after filing for bankruptcy, there’s finally a chance for affected users to get some relief. If you were affected, you can now file a claim to try and get some of your money back. …
Ethereum price has also seen a correction, but still demonstrates strong performance on longer timeframes. Several analysts are still optimistic about ETH’s future and indicate that the recent drop could provide a buying opportunity prior to a possible rise to $4,000. Analysts are bullish on the Ethereum price Despite the recent market correction, leading crypto analysts like Michaël van de Poppe have optimistic expectations for the Ethereum price. Price targets also suggest a potential rally to $4,000. The ETH price performance is still positive, with 57.2% returns in the past month. $ETH goes towards the ‘buy the dip’ range. Sub $2,400 is the area where you’d want to accumulate before the next run towards $4,000. pic.twitter.com/y56cKttUHY — Michaël van de Poppe (@CryptoMichNL) May 19, 2025 Analyst Michaël van de Poppe noted what he calls a “buy the dip” region. He indicated that prices below $2,400 provide an accumulation opportunity “before… Read More at Coingape.com
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