Classover's 15min chart shows RSI Overbought and KDJ Death Cross.

Based on the 15-minute chart for Classover, there are several technical indicators that suggest a potential shift in the momentum of the stock price. Firstly, the RSI (Relative Strength Index) has reached an overbought level, indicating that the stock price has risen too rapidly and may be due for a correction. Additionally, the KDJ (Stochastic Oscillator) has triggered a death cross, which is a bearish signal that suggests the momentum of the stock price is shifting towards the downside. Taken together, these indicators suggest that the stock price may be due for a further decrease, potentially driven by a disconnect between the stock's performance and its underlying fundamentals.

The XRP price has been subject to fluctuations following the U.S. Securities and Exchange Commission (SEC) delay in deciding on the Franklin Templeton spot XRP ETF [1]. As of May 3, 2025, XRP trades at $2.25, down 2% over the last 24 hours. The SEC has extended the review deadline for the ETF to June 17, 2025, from the originally expected date of May 3.

The delay has affected XRP's short-term momentum, and traders are adjusting their positions ahead of May 1. Franklin Templeton, which manages over $1.5 trillion in assets, is the largest firm seeking approval for a spot XRP ETF. The application was submitted through Cboe BZX Exchange and entered review on March 19.

Technical indicators also suggest a balanced market sentiment. The Relative Strength Index (RSI) for XRP is currently at 52.79, slightly above the neutral 50 mark, indicating that buying and selling pressure are nearly equal. However, the RSI has dipped from higher levels, potentially signaling weakening bullish momentum or increasing bearish pressure.

Bollinger Bands, consisting of a 20-day Simple Moving Average (SMA) at approximately $2.15, an upper band around $2.30, and a lower band near $1.99, show that XRP is trading in the upper half of the band but not near the top. This suggests some upward pressure but not enough to break resistance. The bands are also narrowing, indicating lower volatility in the short term.

Despite the ETF delay, ProShares has announced a revised target date of May 14 for the launch of its futures-based XRP ETFs. This signals broader market interest in XRP, despite the regulatory uncertainties.

In related news, the Nasdaq Composite gained over 1.5% on Thursday, with Microsoft Corporation reporting better-than-expected third-quarter financial results [2]. Meanwhile, Classover Holdings, Inc. shares surged 153% on Thursday, entering into a $400 million equity purchase facility agreement to launch a SOL-based treasury strategy.

References:
[1] https://coinedition.com/xrp-price-prediction-may-1-sec-etf-delay-rsi-trading-outlook/
[2] https://www.benzinga.com/25/05/45138498/nasdaq-jumps-1-5-microsoft-posts-upbeat-results