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As Ripple’s protracted legal battle with the United States Securities and Exchange Commission (SEC) continues, speculation about a potential settlement is gaining traction. With the April 16 deadline for Ripple’s reply brief in the SEC’s appeal process drawing closer, whispers are suggesting that the regulatory body might be considering withdrawing its case. Crypto commentator Andrew Parish hinted at an imminent resolution, citing SEC insiders who anticipate a reduced fine and a reclassification of XRP toward commodity status. If this pans out, it could be a significant decision with implications not just for XRP but potentially setting a precedent for the broader cryptocurrency industry. On the other hand, lawyer Bill Morgan remains cautious, emphasizing that the ongoing uncertainty surrounding the Ripple vs. SEC case—whether due to a final settlement or a prolonged appeals process—could exert downward pressure on XRP’s price in the coming weeks. Morgan stated in a post on X (formerly Twitter) that there is a strong possibility XRP could face bearish pressure if the Ripple lawsuit doesn’t reach a resolution soon. At press time, XRP is trading at $2.27, down 2.67% in the past 24 hours with a 13.24% drop in the trading volume, as per CoinMarketCap data . The digital asset is facing resistance at the 20-day Exponential Moving Average (EMA) at $2.34, a level it needs to reclaim for further upward movement. The MACD (Moving Average Convergence Divergence) indicator is showing signs of a mild recovery, with the MACD line (blue) crossing above the signal line (orange), confirming a bullish divergence. The MACD histogram is also showing green bars, suggesting that buyers have short-term control over the price direction. Related: Attorney Bill Morgan Reveals How US Bank Failures Disrupted XRP Transactions in Ripple’s ODL System It’s important to note that key Fibonacci retracement levels show XRP recently bounced off the 0.236 Fib level ($2.184), indicating that buyers are defending this support. A break above the 0.618 Fib level ($2.736) could pave the way for a rally toward the $3+ range. Related: Ripple vs. SEC: Is a Settlement in Sight After Years of Legal Sparring? Additionally, a major target for bulls is the 1.618 Fib extension ($3.678) if XRP gains momentum. Meanwhile, the 2.618 and 3.618 Fib levels ($4.777 – $5.876) also present potential upside targets if bullish sentiment returns following a favorable legal outcome. On the downside, if XRP fails to hold the $2.18 support level, it could revisit the $1.90 mark or even lower. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Since the beginning of 2025, altcoins have been struggling big time with top digital assets like Ethereum (ETH), Solana (SOL), Cardano (ADA), and Dogecoin (DOGE) correcting anywhere between 35-40% each. Some market analysts believe that the altseason has been permanently cancelled. Popular Bitcoin analyst Jesse Myers noted that more than 36 million altcoins have flooded the market over the past few years. As a result, the value of the overall space has dropped considerably. Commenting on this situation, Myers said: “This has only made Bitcoin stronger”. With the number of altcoins in the market continuing to rise, crypto analyst Jesse Myers said that there’s a growing trend of Bitcoin dominance. According to Myers, while the sheer quantity of altcoins has increased, their collective influence for the altseason has diminished since 2021. “Bitcoin dominance has been steadily climbing as more altcoins fail to maintain relevance,” Myers stated. He also emphasized that even when altcoins fade, they rarely reach zero value. Instead, they often trade at minimal market caps of $10,000 or $100,000. The analyst pointed out that with more than 36 million such “illiquid leftovers,” a large part of the overall crypto market cap comprises inactive or low-liquidity coins. Furthermore, Myers added that “Bitcoin is now approaching effective total dominance,” highlighting its strength while further reducing the chances of an altseason moving ahead. Crypto analyst Jesse Myers highlighted three key reasons why Bitcoin is winning the game against altcoins, leading to a delayed altseason. He explains three key reasons why BTC has solidified its market position.

$BTCUSDT It looks like BTC is suspected to reach $80k area.

Standard Chartered predicted that Ethereum could hit $10,000 by the end of 2025 in a forecast made in January. Now the bank has revised its year-end target for the digital asset, reducing it by 60%. According to a report released today, the adjustment is based on Standard Chartered’s observation that Ethereum is facing increasing competition from layer 2 solutions, prominently Base. Plus, Dencun, Ethereum’s recent upgrade, does not help the network maintain its market dominance. Standard Chartered stated that Ethereum still leads in many key blockchain metrics, but its dominance has declined over time. Layer 2 blockchains, originally designed to help Ethereum by improving scalability and reducing transaction fees, have shifted economic value away from Ethereum, the report noted. Base’s model of sharing profits with its owner, Coinbase, is seen as a particularly effective competitive strategy. Standard Chartered estimates it has caused Ethereum’s market cap to decline by $50 billion and expects this downward trend to continue. “Ether is at a crossroads,” the report said, noting that while it “still dominates on several metrics,” this dominance has been declining. Despite ongoing challenges, Standard Chartered sees the tokenization of real-world assets as a potential growth driver for Ethereum. According to the bank, Ethereum’s strong security framework could allow it to maintain an 80% market share in this emerging sector, which could stabilize or even reverse its structural decline. Geoff Kendrick, head of digital assets research at Standard Chartered, suggests that “a proactive change of commercial direction from the Ethereum Foundation,” like taxing layer 2 solutions, could help counteract the ongoing loss of value to these networks. However, he believes the EF is unlikely to change its business model. Standard Chartered forecasts the ETH/BTC ratio to fall to 0.015 by year-end 2027, which would mark its lowest level since 2017. While the bank expects Ether’s price to recover from current levels due to a broader Bitcoin-led rally lifting all digital assets, it maintains that Ether will continue to underperform. Last year, Standard Chartered projected that Ethereum would reach $8,000 by the end of the current year and $14,000 by the end of 2025. Analysts at the bank believed that the primary catalyst for these price increases would be the approval of spot Ethereum ETFs in the US. They also considered the Dencun upgrade as another positive factor contributing to Ethereum’s potential price growth. Earlier this year, Standard Chartered predicted that Ethereum could reach $10,000 by the end of 2025 as a result of a favorable environment for crypto growth under the new administration. Ethereum traded at around $1,900 at press time, up slightly in the last 24 hours, per TradingView . The digital asset is down around 42% year-to-date and is still 60% off its all-time high. Ethereum’s next major upgrade is the Pectra upgrade, which is scheduled to go live on the Ethereum mainnet next month. This upgrade aims to enhance network performance, improve validator participation, and introduce several key features like EIP-7702 and EIP-7251.

Standard Chartered has changed its 2025 year-end price target for Ethereum from $10,000 to $4,000, citing structural challenges within the Ethereum ecosystem. The bank’s analysts attribute this adjustment to the impact of Layer 2 solutions, particularly Coinbase’s Base network, which has reduced Ethereum’s ( ETH ) market capitalization by an estimated $50 billion. Layer 2 networks like Base were developed to enhance Ethereum’s scalability by reducing transaction fees and congestion. However, Standard Chartered’s research indicates that these solutions may be diverting revenue away from the main Ethereum network. Base, for instance, channels its profits to Coinbase , potentially diminishing Ethereum’s overall market share. The bank also forecasts a decline in the ETH/BTC ratio, predicting it will reach 0.015 by the end of 2027, a level not seen since 2017. This suggests that Ethereum may underperform relative to Bitcoin in the coming years. Despite these concerns, Ethereum continues to lead in several key areas, including decentralized finance, stablecoins , and tokenized assets . Yet, its dominance has been gradually decreasing. Standard Chartered noted that without proactive measures from the Ethereum Foundation, such as implementing taxes on Layer 2 solutions, this decline is likely to persist. The bank acknowledged that Ethereum’s price could still rise from its current level of approximately $1,900, especially if Bitcoin experiences significant gains. However, they cautioned that Ethereum’s relative underperformance may continue in the medium term.