Amid heightened uncertainty in the crypto market, investors are increasingly turning their attention to utility tokens for stability and long-term value. One of the most watched developments currently is the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC).
A recent update has revealed that both Ripple and the SEC have agreed to a temporary pause in the proceedings, with the appellate court granting a joint motion to hold the case in abeyance.
While this doesn’t resolve the matter entirely, it marks a significant moment in a case that began in December 2020, when the SEC accused Ripple of selling unregistered securities worth $1.3 billion.
Though Judge Analisa Torres ruled in 2023 that XRP sales to the public didn’t violate securities laws, institutional sales did, and the legal tug-of-war has continued ever since. Now, Ripple has agreed to pay $50 million as part of a partial settlement, though broader regulatory uncertainties still linger.
Meanwhile, recent developments during the Asian trading session introduced some moderately bullish news, such as the announcement that Hashkey Group is launching an XRP tracker fund in Asia.
This move could help facilitate easier access for institutional and retail investors in the region, reinforcing XRP’s long-term commitment to institutional adoption. However, the immediate price impact is expected to be minimal unless significant buying activity is confirmed.
Source – ClayBro on YouTube
XRP Price Prediction
XRP’s price action appears relatively stable at the moment, with market conditions signaling a potential pullback before any major upward movement. With Easter weekend approaching, liquidity and trading volume are likely to decrease further—especially over Saturday and Sunday.
This low-liquidity environment can often lead to increased volatility, creating the potential for unpredictable price swings. Currently, there’s a possibility of a short-term dip toward the $1.95 level, a key support within the current range $XRP is trying to reclaim.
While the downside imbalance near $1.85–$1.88 remains unlikely to be filled, it’s a risk worth being aware of. Despite short positions increasing during recent sessions, these often serve as fuel for a potential rebound.
The price may consolidate over the weekend, but a move toward the $2.3 to $2.4 region remains on the table in the medium term if momentum builds. In summary, short-term caution is advised, but $XRP’s long-term prospects continue to be supported by strategic institutional moves.
Solaxy Set to Enhance Solana’s Scalability as $30.5M Presale Sparks Strong Market Interest
As regulatory frameworks start to solidify under a new U.S. administration—shifting from unclear enforcement to proactive rule-making—the market is witnessing a surge of interest in compliant and practical blockchain projects.
One such project gaining notable traction is the Solaxy (SOLX) presale. With over $30.5 million already invested, $SOLX is quickly positioning itself as a powerful utility token.
The project is building a Layer 2 blockchain designed to enhance the Solana network’s scalability, speed, and data storage capabilities. Solaxy has announced that its Block Explorer will officially launch on April 19th, marking a key milestone for the project.
Recent analysis confirms that the platform can sustain data availability at a rate of 140KB/s under optimal configurations on the Solana mainnet, promising faster data storage and an improved user experience.
Minor enhancements have also been implemented in the CLI interface. On the performance front, efforts to increase rollup throughput are ongoing, with a target of reaching 10,000 transactions per second.
In terms of bridging, proper CORS has been configured on the SDK, and the team is actively working to resolve bugs related to inconsistencies between rollup behavior and native Solana Layer 1 expectations for user interfaces.
The Solaxy token presale is ongoing, offering tokens at $0.001698 each. To purchase $SOLX, you’ll need a wallet that supports both Ethereum and Solana tokens, such as Best Wallet, which supports over 60 blockchains and includes an integrated fiat-to-crypto onramp.
Purchases can be made with $ETH or $USDT, which can be bought directly in Best Wallet using a credit card, debit card, or Google/Apple Pay. Simply visit the official Solaxy presale website, connect your wallet, authorize the connection, and enter the amount of crypto you wish to swap for $SOLX.
After reviewing the transaction and gas fees, click ‘Buy $SOLX’ to complete your purchase. Solaxy’s growing community, now boasting over 65,000 followers and hundreds of thousands of views on its updates, reflects the strong interest it’s attracting in the blockchain space.
This is especially significant because Solana currently lacks a dedicated Layer 2 solution to ease network congestion—making Solaxy’s offering a potential game-changer.
As the broader crypto market prepares for a likely rebound and speculative meme coins take a backseat, Solaxy stands out as a promising opportunity at the intersection of innovation, utility, and timing. To take part in the $SOLX token presale, visit solaxy.io.