The SEC and Ripple filed a joint motion today, asking a US Appeals Court to halt any appeals and cross-appeals between the two parties. This is a prelude to a formal settlement, which both parties are inclined towards.

The filing notes that any further procedural developments may take up to 60 days despite expectations that the outcome is largely predetermined. In the meantime, the XRP market appears to have priced in the likelihood of a resolution.

Ripple and The SEC Move To Settle

The SEC vs Ripple case has been one of crypto’s most important legal battles over the last few years. After months of hints and credible rumors, the Commission finally dropped its lawsuit last month.

Today, both parties are getting close to a final agreement, filing a joint motion regarding one of the case’s remaining loose ends:

“The parties have filed a joint motion to hold the appeal in abeyance based on the parties’ agreement to settle. The settlement is awaiting Commission approval. No brief will be filed on April 16th,” claimed James Filan, a lawyer and Ripple supporter who is in no way directly affiliated with the firm’s legal efforts.

Specifically, the loose end between Ripple and the SEC regards Ripple’s cross-appeal, which was filed last October. With this new joint motion, the two parties have “reached an agreement-in-principle” to resolve all outstanding business.

This includes the SEC’s initial appeal, the aforementioned cross-appeal, and any other claims involving individual actors.

Technically, both parties publicly announced that they were ready to settle over two weeks ago. It’s unclear why Ripple and the SEC took so long to file this joint motion.

The price of XRP has persistently been less impacted by lawsuit updates since the comission first dropped its case, and this development seems fully priced in.

The joint motion also mentions that further progress may take another 60 days. When they completely finalize a settlement, it could likely have landmark implications for US crypto policy.

However, based on the way that the SEC is improving relations with Ripple, Coinbase, Kraken, etc., a favorable outcome seems extremely likely.

Ethereum (ETH) dipped over 7% in the last 24 hours despite Trump’s 90-day tariff pause. Key technical indicators suggest that a full trend reversal might be unlikely in the short term.

The BBTrend remains strongly negative, and whale accumulation has stalled, both signaling caution. Combined with a still-bearish EMA structure, Ethereum may need a stronger wave of buying pressure before it can break out of its current downtrend.

ETH BBTrend Is Strongly Negative But Bigger Than Yesterday

Ethereum’s BBTrend indicator has slightly improved, currently reading -18, up from -21.59 just before Trump’s tariff pause announcement.

This shift suggests that bearish momentum may be starting to fade, although it still signals overall downside pressure. The BBTrend (Band-Based Trend) is a volatility-based indicator that helps gauge the strength and direction of a trend using the relationship between price and Bollinger Bands.

Values above zero indicate bullish momentum, while negative values point to bearish trends—the further from zero, the stronger the directional conviction.

ETH’s BBTrend has remained in negative territory since April 8, reflecting sustained weakness in recent sessions. While the recent uptick could hint at early stabilization, the current value of -18 suggests Ethereum hasn’t yet flipped the broader trend.

For bullish confirmation, ETH would need to push BBTrend back toward neutral or positive territory, ideally supported by volume and strong price action.

Until then, the chart points to a market still in correction mode but with some signs of possible reversal ahead.

Whales Are Still Not Accumulating

The number of Ethereum whales—wallets holding between 1,000 and 10,000 ETH—rose from 5,340 to 5,382 between April 5 and 6, marking a brief uptick in accumulation.

However, the metric has since stabilized and currently sits at 5,376, showing little change in recent days.

Tracking whale activity is critical because these large holders often have the influence to move markets, either by initiating big buys during dips or selling into strength to take profits.

The recent stabilization in whale numbers suggests a wait-and-see approach from major holders. After a brief accumulation spike, whales appear to be holding their positions rather than aggressively buying or selling.

This could mean that confidence is returning but not yet strong enough to fuel a major breakout.

For Ethereum to see sustained upward momentum, a renewed rise in whale accumulation would be a positive signal, indicating growing conviction from the largest players in the market.

Is The Current Ethereum Surge Just Temporary?

Despite Ethereum’s recent bounce following Trump’s tariff pause, its EMA structure remains bearish, with short-term moving averages still positioned below the longer-term ones.

This lagging alignment typically reflects continued downside pressure, even during relief rallies.

When viewed alongside other indicators—like the still-negative BBTrend and stagnant whale accumulation—it becomes clear that Ethereum needs significantly more buying volume to shift into a confirmed uptrend.

If that bullish pressure does emerge, Ethereum’s price could aim to test resistance at $1,749, and a breakout there could open the path to $1,954 and even $2,104. That could be driven by macro developments, like the SEC’s recent approval of options trading on BlackRock’s Ethereum ETF.

However, if momentum fades, the price risks entering another correction phase.

Key support lies at $1,412, and if that level fails, ETH could slip below $1,400 and potentially revisit sub-$1,300 territory.

The value of Cardano’s ADA has soared nearly 10% in the past 24 hours, joining the broader crypto market in a strong recovery rally. 

The coin’s technical indicators point to renewed bullish momentum, suggesting that ADA may be gearing up for further gains in the near term.

Cardano Gathers Steam with an 8% Gain 

ADA is up 8% over the past day, with its recent price action hinting at growing investor confidence. A key factor supporting this upward trajectory is the rise in its Chaikin Money Flow (CMF), signaling increased capital inflow and accumulation.

At press time, this indicator, which measures the flow of money into and out of an asset, rests above the zero line at 0.05 and is in an uptrend. 

An asset’s positive CMF reading indicates that buying pressure is stronger than selling pressure, suggesting accumulation. This signals growing bullish sentiment in the ADA spot markets as more investors buy the altcoin.

Additionally, ADA’s Moving Average Convergence Divergence (MACD) is approaching a potential golden cross—a historically bullish indicator that occurs when the MACD line (blue) crosses above the signal line.

The MACD indicator measures asset price trends and identifies reversal points. When a potential golden cross emerges, it hints at an upcoming bullish crossover, often seen as an early indicator of upward momentum. 

This suggests that ADA’s short-term price strength is increasing, which, if confirmed, could lead to a sustained price rally.

Cardano Bulls Eye $0.76 as Buying Pressure Mounts

A combined reading of these bullish signals reflects strong buying pressure behind ADA, with traders potentially anticipating a breakout. If momentum continues to build, ADA could soon challenge and surpass the resistance level at $0.64.

A break above this barrier may open the door for an extended rally, especially if broader market sentiment remains supportive. In that case, the coin’s price could reach $0.76.

On the other hand, if ADA loses its bullish momentum, it could drop to $0.54.