Why is XRP Price Going Up Today?

XRP is under pressure, down nearly 6% in the past 24 hours and teetering just above the $2 mark as bearish momentum builds. A $1.02 billion unlock from Ripple’s escrow has sparked fresh concerns about oversupply, with tokens moved to operational wallets possibly poised for distribution.

At the same time, network activity has collapsed 87% since mid-March and technical indicators like DMI and EMA lines suggest growing downside risk. With weakening trend strength and fading demand, XRP may struggle to hold key support levels unless a catalyst revives bullish sentiment.

Ripple Wallet Activity Sparks Fears

Onchain data shows that Ripple has unlocked 500 million XRP—worth around $1.02 billion—from its escrow account.

The tokens were moved from the “Ripple (27)” escrow address to two operational wallets, “Ripple (12)” and “Ripple (13),” potentially positioning them for distribution or sale.

While the escrow account still holds another 500 million XRP, the movement of such a large amount into accessible wallets often raises concerns about increased market supply. If Ripple sells a portion of these tokens, it could create short-term selling pressure on XRP’s price.

From a technical standpoint, XRP’s DMI chart is flashing bearish signals. The ADX, which measures trend strength, has sharply declined to 26.68 from 42.45 just two days ago, suggesting the recent trend is weakening.

Meanwhile, the +DI has dropped to 12.91, down from 22 yesterday—indicating a decline in bullish momentum. At the same time, the -DI has surged to 27.43 from 15.64, pointing to rising bearish pressure.

This shift in directional strength, combined with the large token unlock, suggests XRP may face further downside unless demand quickly absorbs the incoming supply.

XRP Network Activity Collapses 87%

XRP’s network activity surged to record highs in March, with 7-day active addresses reaching an all-time peak of 1.22 million on March 18.

However, that momentum quickly faded, with the number now plummeting to just 158,000—an 87% drop in less than three weeks.

This dramatic reversal suggests that the recent spike in engagement may have been short-lived or event-driven rather than indicative of sustained adoption or growing user demand.

Tracking 7-day active addresses is a key on-chain metric, offering insight into how frequently a token’s network is being used. High activity can signal strong user interest and utility, often aligning with price support or rallies.

On the other hand, sharp declines in active addresses—like what XRP is now experiencing—can signal waning demand, decreasing network usage, and potential selling pressure.

With such a steep drop in activity, XRP’s price may struggle to find an upside unless new catalysts reignite user engagement.

XRP Faces Strong Downtrend, But Eyes Rebound If Key Levels Break

XRP’s EMA structure clearly reflects a strong ongoing downtrend, with short-term moving averages positioned well below the long-term ones and a wide gap between them—signaling persistent bearish momentum.

Unless bulls step in soon, XRP price may be on track to test support around $1.90, a key level that has held in the past.

A break below it could expose the asset to further downside toward $1.77.

However, if XRP manages to reverse the current trend and regain upward momentum, it could climb to challenge resistance at $2.06.

A successful breakout above that level might pave the way for a continued rally toward $2.22.

The post Ripple Unlocks $1 Billion in XRP as Bearish Momentum Builds appeared first on BeInCrypto.

Pi Network (PI) is down nearly 10% in the last 24 hours, as multiple indicators point to growing bearish momentum. The DMI shows a clear shift from an uptrend to a downtrend, while CMF data confirms increasing outflows.

EMA lines are also warning of a potential death cross, which could trigger further losses. Here’s a breakdown of what the charts are signaling for PI in the near term.

Bearish Momentum Builds as PI Network’s DMI Flips to Downtrend

Pi Network’s (PI) DMI chart reveals a clear shift in momentum, with the ADX dropping from 43.68 to 39.17 over the past two days.

The ADX, or Average Directional Index, measures the strength of a trend, with values above 25 generally indicating a strong trend.

Although the current reading still suggests solid momentum, the recent decline in ADX combined with the trend reversal from uptrend to downtrend signals that bullish strength is fading and bearish pressure is taking control.

Supporting this shift, the +DI (Directional Indicator) has dropped sharply from 22.11 to 13.29, while the -DI has surged from 11.32 to 30.95.

The +DI represents bullish strength, and the -DI represents bearish strength—so this crossover and widening gap confirm that sellers are now in control. This setup typically points to continued downside, especially if the -DI remains dominant and the ADX stabilizes or rises again, signaling a strengthening bearish trend.

Unless there’s a sharp reversal in these indicators, PI could remain under pressure in the near term.

Selling Pressure Intensifies as Outflows Accelerate on PI Network

Pi Network’s Chaikin Money Flow (CMF) has dropped sharply to -0.13, down from 0.07 just a day ago. The CMF is a volume-based indicator that measures the flow of money in and out of an asset over a set period.

It ranges from -1 to +1, with positive values indicating buying pressure and negative values suggesting selling pressure.

A sudden shift from positive to negative typically signals a change in sentiment and potential weakness ahead.

With the CMF now at -0.13, it suggests that outflows are picking up and sellers are becoming more active.

This kind of drop often reflects reduced demand and a lack of confidence from buyers, especially if it comes alongside declining prices or weakening momentum indicators.

If the CMF remains in negative territory, it could point to sustained bearish pressure and a risk of further downside for PI unless strong inflows return soon.

Will PI Fall Below $0.50?

Pi Network’s EMA lines are signaling a potential death cross, where the short-term moving average crosses below the long-term moving average.

This is typically seen as a bearish sign, often preceding further downside. If confirmed, it could lead PI to retest the support level at $0.54.

A break below that level may open the door for a move under $0.50, especially if overall momentum continues to weaken, as analysts warn about Pi Network transparency after Mantra’s OM token collapse.

However, if the trend reverses and buyers step back in, PI price could regain strength and push toward the resistance at $0.66.

A breakout above that level would be an early sign of renewed bullish momentum.

If that move holds and gains traction, the next key target would be $0.789, which could be a major test of the strength of the recovery.

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