The price of XRP is rising today, up by more than 2%, currently trading around $2.30. This move is in line with a broader recovery in the crypto market, with Bitcoin climbing steadily and Ethereum leading the pack with an 8% surge. As Ethereum moves higher, many smaller altcoins like XRP are following the trend.
Looking at the daily charts, XRP recently bounced off a key support zone between $2.00 and $2.10. This area has proven strong in the past, with prices rebounding from here several times.
If the price falls below $2.00, analysts warn that it could drop toward $1.92-$1.95, and possibly as low as $1.80. But for now, the bullish momentum is holding.
A positive sign for XRP is the formation of a double bottom pattern — also known as a W pattern — on the charts. This pattern often signals a potential upward breakout. If this pattern plays out fully, the next price target would be around $2.44.
However, before reaching that level, XRP could face some resistance near $2.35, an area that previously acted as both support and resistance.
Long-Term Outlook: Could $5 Be Next?
XRP appears to be in the middle of a fifth wave to the upside. This wave started in April after a market correction and could possibly push prices above $5.00 in the coming months, provided current support levels hold.
If XRP stays above the April lows and maintains its upward structure, analysts believe the bullish trend could continue. However, a break below those key support areas might delay the rally, meaning that the market is still working through a correction phase.
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After a relief rebound in the last two days, Pi Network (PI) has approached a crucial pivotal stage that will decide its fate for the coming weeks. The large-cap altcoin, with a fully diluted valuation of about $16.3 billion and a daily average trading volume of about $405 million, has rebounded around 8 percent in the past two days to trade about $1.48 on Wednesday, March 12, during the early European session.
As a result, Pi coin was the top trending crypto asset on Coingecko in the past 24 hours, signaling its rising popularity among speculative traders.
Pi Coin Price Prediction Today
In the 1-hour time frame, Pi price has been consolidating in a symmetrical triangular pattern for the past four days. Following the reliefs rebound in the past two days, Pi price is now retesting the upper border of the symmetrical triangular pattern.
As Coinpedia previously noted, Pi price has already confirmed a reversal pattern, which was characterized by head and shoulders formation coupled with a bearish divergence of the daily Relative Strength Index (RSI). Consequently, the odds of a reversal toward a lower low remain high in the coming days.
Moreover, zooming into the 5-minute time frame shows a clearer picture of the bearish sentiment. Notably, Pi price has been forming a potential double-top coupes with a bearish RSI in the five-minute candlestick. Consequently, a consistent drop below $1.46 will eventually lead to a further decline towards the lower border of the symmetrical triangular pattern.
However, a consistent close above the upper border of the symmetrical triangular pattern will lead to bullish sentiment in the coming days.
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The post Pi Coin Price Prediction for March 12 appeared first on Coinpedia Fintech News
After a relief rebound in the last two days, Pi Network (PI) has approached a crucial pivotal stage that will decide its fate for the coming weeks. The large-cap altcoin, with a fully diluted valuation of about $16.3 billion and a daily average trading volume of about $405 million, has rebounded around 8 percent in …
The US Senate will allegedly vote on the Stablecoin bill before May 26. The bill, also known as the GENIUS ACT, will help provide clarity and regulate stablecoins, such as Tether’s USDT and Circle’s USDC.
US Senate To Vote On Stablecoin Bill Before Memorial Day
According to a Politico report, Senate Majority Leader John Thune has privately informed GOP Senators that the upper chamber will vote on the landmark stablecoin bill before Memorial Day, which comes up on May 26. The Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act forms part of this administration’s plans to provide regulatory clarity for the crypto industry.
The report noted that the bill will likely draw bipartisan support on the floor of the Senate, considering that five Democrats already voted in support at the Senate Banking Committee level. If passed, this bill could be the first major US crypto legislation, which will represent a massive win for the crypto industry, which has been clamouring for regulatory clarity for a while now.
Pro-crypto Republican Senator Cynthia Lummis also suggested that this report was true, as she reacted to it in an X post. The senator has been vocal about her support for digital assets and recently called out the Federal Reserve for its crypto policy withdrawal.
The leading stablecoin issuer, Tether, will undoubtedly be keeping an eye on whether the stablecoin bill passes or not. As CoinGape reported, the USDT issuer plans to launch a stablecoin exclusively for US clients. The firm’s CEO, Paolo Ardoino, remarked that they are awaiting the new rules for stablecoin regulation before making their next move.
This development also comes amid reports that USDC issuer Circle could go public soon. The stablecoin had initially planned to file an IPO this month, but delayed the plan following Trump’s tariffs, which negatively impacted global markets. The USDC issuer just acquired a license from Abu Dhabi’s financial regulator to operate a money service business.
SUI meme coins are gaining major traction as the SUI ecosystem continues to strengthen. SUI DEX volume has surged to $3.8 billion over the past seven days, up 74%, making it the fifth-largest chain by decentralized trading volume and surpassing Arbitrum.
As interest in SUI grows, top meme coins like Sonic Snipe Bot (SONIC), LOFI, MEMEFI, MIU, and Fud the Pug (FUD) are showing a mix of strong momentum and key technical tests. The next few days could be crucial in deciding which tokens emerge as leaders in the fast-growing SUI meme coin space.
Sonic Snipe Bot (SONIC)
Sonic Snipe Bot is an automated trading tool built for lightning-fast trade executions. It is fully integrated into the Telegram application and stands out by offering support for 31 blockchain networks, including Sui, Ton, Injective, Solana, and Tron.
Sonic Snipe Bot also supports all major bonding curves, such as Movepump on Sui, making it a flexible and powerful option for traders looking to operate across multiple ecosystems without leaving Telegram.
Over the past seven days, SONIC, the native token tied to the bot, has surged by 27%, pushing its market cap to approximately $1.7 million. If positive momentum continues, SONIC could rise above the $0.40 mark and potentially challenge the $0.426 level.
However, if the trend reverses and selling pressure builds, the token could fall back toward $0.29, and in a stronger downtrend, even $0.24 could be tested.
LOFI
LOFI is one of the biggest meme coins on the SUI blockchain, built around the theme of a Yeti character. Despite its strong brand and visibility, LOFI stands out for a less positive reason this week—it is the only token among the top 10 SUI meme coins that is down over the past seven days.
This relative underperformance could indicate weakening investor interest compared to its peers, or it could present a potential rebound opportunity if sentiment around SUI meme coins remains strong overall.
LOFI continues its push to become one of the most recognized meme projects on the SUI blockchain. If momentum recovers, LOFI could rise above the $0.045 mark and potentially challenge $0.054 in an extended rally.
However, the $0.030 support level remains critical. A break below this zone could trigger a steeper decline toward $0.0158, and if selling pressure accelerates, even $0.0055 could be tested.
MemeFi (MEMEFI)
MEMEFI is a Telegram-based game and Web3 meme universe that claims to have more than 50 million players worldwide. It has quickly climbed the ranks and is now the second-largest SUI meme coin by market cap, currently at $35 million.
This marks a sharp pullback from its peak of $51 million reached just yesterday, reflecting the recent correction underway.
Despite the decline, MEMEFI is still up an impressive 353% over the past seven days.
If MEMEFI can regain its bullish momentum, it could first aim to break above the resistance at $0.0037. A successful breakout would open the path toward $0.0053, potentially extending its rally.
However, if the ongoing correction deepens, the first major support to watch is at $0.0026. A break below that could push the price further to $0.00185; if selling pressure intensifies, even $0.00143 could come into play.
MIU
MIU is currently the biggest meme coin on the SUI network, boasting a market cap of $68 million. Its price has climbed 16.7% over the past seven days, reinforcing its leadership position within the growing SUI meme coin ecosystem.
MIU is by far the largest meme coin in this space, with no close competitors matching its size or visibility. As the broader SUI ecosystem gains momentum and attracts more attention, MIU could continue to benefit from the overall surge in interest.
As the dominant player, it stands in a strong position to ride the next wave of growth if the trend across SUI meme coins remains positive.
If the positive momentum around MIU continues, the token could rise to test the $0.000000080 level, marking a new short-term target.
However, if the trend weakens and selling pressure emerges, MIU could first fall toward support at $0.0000000689. A deeper correction could even push the price down to $0.0000000599.
Fud the Pug (FUD)
This one is another meme coin aiming to carve out a leading spot in the growing SUI meme coin ecosystem. FUD currently holds a market cap of $3.8 million, down from its peak of $5.9 million just two days ago.
Despite a nearly 5% drop over the last 24 hours, FUD remains up an impressive 41% over the past seven days, highlighting strong underlying momentum.
Technically, FUD recently tested the support level at $0.0000000634. If this level is tested again and fails to hold, the next downside target would be around $0.000000050.
On the upside, if the current pullback stabilizes and momentum returns, FUD could rise to challenge resistance at $0.000000075. A breakout above that could pave the way for a push toward $0.00000010.
With dog-based meme coins often attracting outsized attention and hype, FUD could have a strong chance to expand its market presence if broader interest in SUI meme coins continues to grow.
