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XRP registered a surprising 3% decline over the past 24 hours, trading around $2.37, despite a nearly 25% jump in trading volume . This dip, which saw a low of $2.33, comes shortly after Ripple announced a settlement in its long-running case with the U.S. SEC—a development that left many investors puzzled by the negative price action. The price currently tests immediate resistance near the 20-day Exponential Moving Average (EMA) around $2.38. Related: XRP’s Next Chapter? Analysts See “Price Discovery” Mode After SEC Settlement The unexpected move prompted discussion within the crypto community, highlighted by a poll on X (formerly Twitter) conducted by user “Vincent Van Code.” He observed the decline occurred just after Ripple’s Chief Legal Officer, Stuart Alderoty, confirmed the positive SEC settlement news. Related: Ripple vs. SEC: How One Legal Battle Saved the Entire US Crypto Industry Van Code speculated that market actors might be attempting to obscure any direct price influence from the legal outcome, potentially relating to arguments used in securities classifications like the Howey test. The poll revealed nearly half (49.5%) of respondents suspect “other market manipulation” as the primary driver behind the drop. In contrast, only 12.5% attributed the decline to Ripple itself selling XRP. Smaller groups cited general XRP selling pressure (9.4%) or broader market declines (28.6%) as factors. XRP advocate Bill Morgan pushed back against the Ripple dumping theory , commenting on the poll: “Wow, 12% think XRP price is falling because Ripple is dumping. It seems that idiotic theory is still attracting followers.” XRP’s current price action places it at a pivotal technical level, contending with the 20-day EMA resistance ($2.38) and hovering near the middle Bollinger Band (around $2.37). A sustained break above the upper Bollinger Band ($2.56) could potentially open the door for a move towards the $3 mark. However, failure to hold support around the recent low ($2.33) might trigger a retest of the lower Bollinger Band near $2.09. The Relative Strength Index (RSI) sits near 48.95, indicating neutral momentum currently. A decisive push above the 50 level could signal renewed buying interest, while a dip below 45 might suggest mounting selling pressure in the near term. 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 reaffirmed that Leios – a significant protocol upgrade developed over six years specifically for Cardano – represents the network’s current answer to the blockchain trilemma: balancing scalability, security, and decentralization. Responding to questions on X (formerly Twitter) about potential adoption by other chains, Hoskinson clarified that while Leios is open-source, it remains uniquely implemented on Cardano for now. This confirmation aligns with an earlier announcement from October 2024, when Hoskinson revealed Cardano had shifted resources specifically toward Ouroboros Leios. At that time, the project had nearly seven full-time employees dedicated to its development, underscoring its strategic importance. The shift to Leios came after substantial progress on Ouroboros Peras, an enhancement to Cardano’s consensus protocol. Peras introduced a voting layer that enables faster transaction finality, reducing the risk of block rollbacks. This feature is particularly beneficial for use cases requiring quick confirmation, such as partner chains and centralized exchanges. Related: Hoskinson to Cardano Critics: Where’s the Proof of “No Achievements”? Peras addressed inefficiencies found in the earlier Ouroboros Praos protocol related to how long transactions took to be considered final, thereby boosting security and efficiency within Cardano’s decentralized framework. While building on Peras, Leios pivots its focus heavily toward improving scalability and computational efficiency. Earlier Cardano protocols, including Praos, encountered throughput limitations due to specific data and communication dependencies between blocks. Leios is architected to eliminate these bottlenecks, which enables faster transaction processing and greater overall network capacity. Related: Hoskinson Throws Shade at Ethereum, Touts Cardano’s Governance Model: ADA Price Check Key advancements introduced by Leios include tiered transaction fees, allowing users choice regarding priority, and enhanced chain synchronization methods that reduce the need to execute every smart contract during the node syncing process. Although the Leios protocol code is open-source, Hoskinson’s recent statements underscore that no other blockchain currently utilizes this specific implementation. For the present, Cardano remains the exclusive home for this significant protocol advancement as the network continues to evolve its core technology. 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.

U.S. stock markets open lower The three major U.S. stock indices opened lower today. S&P 500: -0.36% Nasdaq: -0.35% Dow: -0.24%

Ethereum’s Pectra upgrade tentatively set for April 30 Ethereum $ETH core developer Terence said on X that the network’s Pectra upgrade is tentatively scheduled for April 30, pending minor open questions and final confirmation at the next core developers meeting.

2.3/ Timeboost plans to introduce an additional revenue stream for the DAO through "healthy" MEV capture in the future. This proposal is still open for voting. If you haven't voted yet, please do so!