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Since plunging to its year-to-date low of $1.61 on April 7, XRP holders have taken full advantage of the dip, ramping up accumulation efforts. This buying pressure has steadily increased the asset’s value over the past week. 

At press time, XRP trades at a seven-day high of $2.19 and technical indicators show that it’s positioned to extend the gains.

XRP Golden Cross Drives Bullish Momentum

On the daily chart, a golden cross has formed on XRP’s Moving Average Convergence Divergence (MACD) indicator, which is often viewed as a key signal of a shift toward long-term upside. 

The MACD indicator measures an asset’s price trends and momentum, and identifies reversal points. It forms a golden cross when its MACD line (blue) crosses above its signal line (orange). 

When a golden cross emerges like this, it signals a positive shift in investor sentiment. Traders interpret it as a cue that buying pressure outpaces selling activity, which can attract even more inflows and drive the price higher.

For XRP, this golden cross occurred on April 11, reinforcing the growing bullish sentiment surrounding the asset. This pattern confirms that the altcoin’s recent price rebound is not just a short-lived reaction but may mark the beginning of a more sustained uptrend.

Further, the token’s positive Chaikin Money Flow (CMF) supports this bullish outlook. At press time, it rests above the center line and in an uptrend at 0.07.

The CMF indicator measures how money flows into and out of an asset. A positive CMF reading, as with XRP, means buying pressure is stronger than selling pressure over a given period. It suggests capital is flowing into the token, signaling accumulation and potential price growth.

XRP Maintains Uptrend—Next Stop: $2.50 or Back to $1.99?

Since its rally began on April 7, XRP has traded above an ascending trend line. This bullish pattern emerges when an asset forms higher lows over time, creating an upward-sloping support line.

It signals sustained buying interest in XRP and suggests that momentum is building in favor of the bulls as the token’s price continues to climb.

If demand soars, XRP could extend its gains and climb to $2.29. A successful flip of this resistance into a support floor could propel XRP to $2.50.

However, if profit-taking resumes and selling pressure rises, XRP could reverse its uptrend and fall to $1.99.

The post XRP Surges to Weekly High as Demand Spikes and Bulls Take Charge appeared first on BeInCrypto.

Pi Network plunged by double digits over the past week, even as the broader crypto market shows signs of recovery. The altcoin’s market cap dropped to $4.1 billion, as PI continues to see intense selling pressure.

With bearish pressure intensifying, the token could soon revisit its all-time low near $0.40.

PI Risks Deeper Drop

Despite some strength across the broader market, investor sentiment toward PI remains weak, with technical indicators suggesting that its price decline could continue.

The Relative Strength Index (RSI), a key momentum indicator that tracks an asset’s overbought and oversold market conditions, continues to drop, indicating falling demand and growing selling pressure.

At press time, PI’s RSI is in a downtrend at 39.78. This RSI reading indicates weakening momentum and positions the token just above oversold territory, suggesting continued selling pressure could trigger further losses.

Furthermore, Pi Network’s on-balance volume (OBV) has also decreased, pointing to declining accumulation and reduced buyer interest. This indicator is at -1.26 billion at press time, falling by 15% in the past week.

The OBV measures buying and selling pressure by tracking volume flow relative to price movements. When OBV falls like this, more volume is tied to selling than buying. This indicates weakening investor confidence and potential for further price declines.

PI Token Risks Retesting All-Time Low

PI’s plummeting Chaikin Money Flow (CMF) supports the bearish outlook above. At press time, this indicator, which tracks how money flows into and out of an asset, is below the zero line at -0.15.

This negative reading reflects the strength of the sell-side pressure in the PI spot markets. If this trend persists, PI could revisit its all-time low of $0.40.

However, a bullish reversal in the current trend could propel PI’s price to $1.01.

The post Pi Network (PI) Sinks 10% in a Week, Bears Eye All-Time Low appeared first on BeInCrypto.

Altcoins like AIXBT, Echelon Prime (PRIME), and Balancer (BAL) have posted massive gains heading into the first week of May, but key technical indicators now suggest all three may be overbought. AIXBT is up nearly 95% on the week with strong price momentum, yet it still lags the broader market with a low relative strength.

PRIME and BAL have both surged over 30% in the last 24 hours, but each shows extreme RSI readings above 70 while also underperforming in relative strength—raising red flags about sustainability. While the rallies have drawn short-term attention, traders should be cautious as these tokens show signs of overheating without broader market confirmation.

AIXBT

AIXBT, one of the most recognized crypto AI agents tokens, has emerged as a top performer, surging nearly 40% in the last 24 hours and over 95% in the past seven days.

This explosive rally places AIXBT among the best-performing altcoins of the week, drawing increased attention from traders and speculators.

However, technical indicators suggest the token may be entering overheated territory, warranting caution in the short term.

The Relative Strength Index (RSI) is a momentum indicator that moves from 0 to 100. Values above 70 mean the asset is overbought and may pull back. Values below 30 suggest it’s oversold and could rebound.

Relative Strength (RS) compares a token’s performance to a benchmark. RS above 1.0 means outperformance. Below 1.0 means underperformance. AIXBT has an RSI of 73.92 and an RS of 0.69. That technically makes it overbought, but still lagging behind the broader market.

This shows that AIXBT’s rally has been sharp, but not strong relative to other assets. The surge may be driven more by short-term speculation than sustained market strength.

Echelon Prime (PRIME)

Echelon Prime has surged 33% in the last 24 hours, making it one of the day’s top-performing altcoins.

Its trading volume has exploded by 276%, reaching nearly $16 million—an indication of heightened trader interest and momentum.

However, while the price action is impressive, technical indicators are flashing caution in the short term.

PRIME’s Relative Strength Index (RSI) currently sits at 74, firmly in overbought territory. At the same time, its Relative Strength (RS) is just 0.124.

This combination—high RSI and low RS—suggests the recent rally may be unsustainable.

While there’s strong short-term demand, the token lacks confirmation from relative market strength, making PRIME vulnerable to a sharp correction if buying pressure fades.

Balancer (BAL)

Balancer has jumped over 41% in the last 24 hours, supported by a sharp rise in trading activity, with volume climbing to $53 million.

The price surge places BAL among the strongest-performing altcoins in the market. However, technical indicators suggest the rally may be overextended despite the breakout.

BAL’s Relative Strength Index (RSI) is at 79.33, signaling extreme overbought conditions. Meanwhile, its Relative Strength (RS) stands at just 0.27, indicating it is still underperforming relative to the broader market.

This combination—very high RSI and low RS—often points to an unsustainable move driven more by hype than underlying strength.

Without relative outperformance to support the momentum, BAL could be at risk of a near-term pullback once buying pressure cools.

The post 3 Altcoins that are Overbought in the First Week of May 2025 appeared first on BeInCrypto.