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Michaël van de Poppe, a well-known cryptocurrency analyst, shared a bullish outlook on Ethereum (ETH) in a post on X dated May 17, 2025. He claimed that any ETH price under $2,400 is a “steal” following the recent surge, suggesting Ethereum could continue its upward trajectory. His post included a chart showing Ethereum’s sharp rebound after bottoming out below $2,000 earlier. The TradingView chart shared by Van de Poppe illustrates Ethereum’s price action against Tether (USDT) on the Binance exchange. It shows ETH rallied sharply in early May 2025 after a prolonged downtrend. The chart marks a clear high timeframe support zone for ETH near $2,100 and a resistance area identified between roughly $2,600 and $2,800, with Van de Poppe specifically noting $2,750 as a resistance point. Van de Poppe labels the $2,400 level as a “significant opportunity,” implying that current prices still offer value before potential continuation of the uptrend. His projection indicates a possible consolidation near resistance, followed by further upside. Van de Poppe’s analysis aligns with growing optimism across the crypto market. Ethereum’s current structure suggests that traders could monitor the $2,100 to $2,400 range for signs of support and accumulation. The chart implies a bullish setup, where a confirmed breakout above the resistance zone may lead to further gains. The directional arrow on the chart points toward new highs, though no exact timeframe is provided. Meanwhile, Ethereum’s Relative Strength Index (RSI) has climbed to 52.49, breaking above the neutral 50 mark for the first time since March 2025. The moving average of the RSI currently stands at 38.40, reflecting earlier weakness. This upward move indicates increasing buying momentum. The RSI measures the speed and strength of price changes on a scale from 0 to 100. Levels above 70 are considered overbought, while those below 30 suggest oversold conditions. A position above 50 typically signals bullish pressure. Ethereum’s RSI stayed below 50 throughout recent months, reflecting seller control. The current breakout shifts this dynamic. The last meaningful upside occurred in early 2024, when RSI briefly surged to 85 before reversing. The present rise shows a renewed trend shift without extreme conditions. Unlike earlier failed attempts, this move has also cleared its moving average. The RSI’s advance above both its average and the midpoint level signals a potential trend reversal. It highlights a growing change in sentiment. This may support further gains if broader market conditions align. With RSI direction turning upward, traders now have an early signal to monitor price continuation, especially if volume confirms the momentum. 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.

The Stablecoin GENIUS Act is anticipated for a U.S. Senate vote next week. Market analysts suggest this development could become a game-changer for Ripple’s ecosystem, especially its stablecoin RLUSD. This legislative action, according to the analysis outlined in the report, may create significant benefits for RLUSD, potentially allowing it to take a large share of the global stablecoin market. If RLUSD reaches 50% of Tether’s current $150 billion market cap, the implications for XRP could be transformative. A surge in RLUSD adoption would not only solidify Ripple’s position in the digital payments space but also provide the momentum needed to push XRP to new all-time highs. RLUSD trades close to $1 with a market cap of $331 million . Over the past five months, its value has multiplied sixfold. This growth pace, if sustained or accelerated by regulatory clarity, could place RLUSD at the forefront of U.S.-backed stablecoins. The GENIUS Act favors domestic stablecoins and aims to modernize outdated payment rails. With bipartisan support and regulatory approval, RLUSD is well-positioned to benefit from an exodus of capital from offshore-issued assets like Tether (USDT). Related: Ripple’s $25M Gift in RLUSD Shows How Crypto Can Fund Education at Scale If RLUSD captures even half of Tether’s dominance, that equates to a $75 billion market cap. Such an influx would deepen liquidity on Ripple’s network and increase transactional demand for XRP. This scenario could push XRP’s utility-driven price above $3 and possibly beyond $4, depending on broader market sentiment and retail participation. At press time, XRP is priced at $2.36 , reflecting a slight daily decline. However, technical indicators suggest underlying strength. The MACD line is above the signal line, a positive momentum signal. Additionally, the histogram remains in bullish territory. The RSI sits at 53, signaling neutral conditions but showing room for an upside move before hitting overbought levels. Related: Ripple’s RLUSD Stablecoin Could Enter Top 5 by 2025, Says Analyst Moreover, historical behavior supports optimism. In December 2024, XRP surged over 70% after RLUSD secured regulatory approval. If RLUSD gains traction as a mainstream payment option across the U.S., a similar or greater rally is conceivable. 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.

The legal entanglement between Ripple and the U.S. SEC took a new turn after Judge Analisa Torres denied a joint motion to modify the final judgment. This has raised serious questions about the future of their settlement. Meanwhile, Australian lawyer Bill Morgan has outlined six critical legal issues facing both parties. Notably, on May 8, Ripple and the SEC jointly filed a motion seeking to amend key terms of a previously agreed-upon settlement. This included lifting a permanent injunction on Ripple’s institutional XRP sales and reducing a $125 million civil penalty to $50 million. However, Judge Torres dismissed the motion on May 15, stating it failed to meet procedural standards under Rule 60 of the Federal Rules of Civil Procedure, which governs relief from final judgments. The motion had instead relied on Rule 62.1, which allows a judge to issue an indicative ruling when a case is under appeal. Judge Torres made it clear that the motion would still be denied even if jurisdiction were restored from the appellate court. Related: XRP Case Setback: Ripple-SEC Joint Motion Fails to Clear Court’s Procedural Bar Reacting to the development, attorney Morgan posted a detailed legal analysis on X. He identified six unanswered questions that now cloud the path forward for Ripple and the SEC. His reflections center on the validity of the settlement, procedural compliance, and the SEC’s internal governance. Among the most pressing concerns: Morgan suggests it’s “hard to believe” that experienced legal teams from both Ripple and the SEC would overlook such a critical procedural rule. This implies the use of Rule 62.1 may have been a calculated move to bypass the difficulty of proving “exceptional circumstances” under Rule 60. The failure of the joint motion means the $125 million penalty remains in place, and the ban on institutional XRP sales still stands, at least for now. Related: Ripple Can Now Access $400 Billion UAE Trade Zone With New DFSA Payment License Meanwhile, Ripple’s Chief Legal Officer, Stuart Alderoty, clarified that Judge Torres’ denial is procedural and does not affect Ripple’s prior legal victories, including the July 2023 ruling that XRP is not a security. He emphasized that Ripple and the SEC remain aligned in seeking resolution and plan to refile under the appropriate legal framework. 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.

Cardano founder Charles Hoskinson has raised alarm over what he describes as a coordinated attack targeting the Cardano ecosystem. His comments followed a series of posts on X on May 17, 2025, in response to recent on-chain activity and internal criticism. An Ethereum (ETH) address holding 45,000 tokens was seen interacting with the Orbiter Finance voucher program, prompting the well-known Cardano advocate “@cardano_whale” to describe the move as part of an orchestrated attempt to damage Cardano. “Just saw a 45k Ethereum account pick up the orbiter voucher nonsense and now it’s clear this is a coordinated attack on Cardano. The gloves come off,” the account posted. Charles Hoskinson quoted the post, stating, “The whale has been summoned. It seems we both are at our bullshit limit.” Hoskinson alleged that the attack was being led by someone with malicious intent toward the Cardano ecosystem. He questioned the silence of the Cardano Foundation (CF), suggesting they were aware of the voucher activity from the beginning. “Yes, led by someone with a clear intent to defame and harm the ecosystem as a whole,” Hoskinson wrote. “I’m honestly surprised that the CF has said nothing, given they have intimate knowledge of the voucher sale and were in the redemption channel being briefed regularly on efforts.” The Cardano Foundation has not issued a public response at the time of writing. Andreas Pletscher, a former executive linked to the Cardano Foundation, responded critically to Hoskinson’s post, accusing him of shifting responsibility. “Interesting move by @IOHK_Charles. Whenever he is in trouble (self-inflicted), he calls for help by the CF,” Pletscher wrote. “Sorry, but this one you need to solve by yourself. Or maybe just speak with @F_Gregaard and you could both solve it together, but no, you are still crudging in your corner.” Hoskinson replied to Pletscher “Your Cardano Foundation in a nutshell. We did call them. I’ll just make sure to include all the slack logs, meeting notes, and their KYC report in the audit report. ” The disagreement stems from growing scrutiny of the Orbiter Finance voucher system and its link to Cardano. Critics argue that voucher redemptions may have been misrepresented or poorly managed. Supporters say that the campaign has turned into an external attack aimed at discrediting the blockchain’s reputation. Further on-chain analysis of the Ethereum address that triggered the discussion has not yet confirmed any malicious intent. However, the intensity of the online exchange signals ongoing tension both within and outside the Cardano community. 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.

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