Ripple (XRP) Update: XRP Trading Volume Drops 32%, Falls to $1.44 Billion

Monicah W

Ripple (XRP) Update: XRP Trading Volume Drops 32%, Falls to $1.44 Billion

Ripple Labs-affiliated coin is in the spotlight as the XRP trading volume and price show bearish consolidation on the daily chart. At the time of writing, the XRP price had slipped by 0.16% in 24 hours and is now changing hands for $2.191. The digital currency moved from a low of $2.18 to a high of $2.2 before settling at the current level. The XRP volume may determine its next major shift amid the close trading range shift.

XRP Trading Volume Drops, Should Investors Be Worried?

XRP trading volume is one of the core metrics that gauges investor interest and adoption trends. According to data from CoinMarketCap, the volume has dropped by 32.5% to $1,445,253,443.43. This drop is unusual, as the coin has recorded mostly high volume for most of the week.

Beyond XRP, other tokens within the Ripple ecosystem, including RLUSD, have also seen a drop in volume. Market data shows that the stablecoin has dropped 57.87%, with just $23,583,892.16 traded in 24 hours.

There has been a correlation between the XRP price and RLUSD volume, as reported on different occasions. For instance, when the stablecoin volume rallied by 45% in 24 hours on April 24, speculation mounted that the XRP price could reclaim a 45% high. Although this forecast has yet to materialize, the odds have always remained high.

With trading volume now down, whether or not the bullish momentum can be sustained remains unknown.

What Next For Ripple Coin?

A number of events in the Ripple Labs ecosystem are set to change the outlook of the coin remarkably. The acquisition of Hidden Road for $1.25 billion and the hype around the firm’s bid on Circle remained on the horizon.

While these trends can shape the broader ecosystem sentiment around the XRP price, the historical outlook might help determine what to expect for the rest of May.

According to Cryptorank data, the coin’s average growth rate is over 25%, setting it up for a potentially bullish run. Thus far this month, despite the broader market volatility, the coin has recorded a marginal growth of 0.21%.

If history repeats itself and XRP trading volume reverts to positive, the Ripple coin may see a breakout. Despite the XRP ETF decision delay from the US SEC, the eventual approval of the product can help shape long-term settlement around the coin. With Paul Atkins now the Chairman and the commission’s pro-crypto stance, the expectation of the ETF approval remains high. 

The post Ripple (XRP) Update: XRP Trading Volume Drops 32%, Falls to $1.44 Billion appeared first on CoinGape.

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Top Reasons Why Pi Network Price Rally is Limited-Here’s Why it Could Drop by 20% 

Pi Network Price Prediction Is $0.40 Next

The post Top Reasons Why Pi Network Price Rally is Limited-Here’s Why it Could Drop by 20%  appeared first on Coinpedia Fintech News

It has been over 3 months since the Pi Network’s open mainnet was launched after a long wait of over 4 to 5 years. In these months, the network has made some huge progress, including breaking into the top 20 crypto post-launch. Trending across social media platforms and boasting over 60 million users. Moving forward, Pi price appeared to be more secure with an increase in real-world adoption along with more exchange listings. However, the PI price has remained highly volatile, while heavy token unlocks have made it too risky to deal with. 

Now that the bearish flags have been fluttering over the Pi price rally, will the bulls prevent excessive price drain?

After the rebound from the support below $0.7, the PI price appeared to have triggered a fine reversal. Meanwhile, a close observation suggests diverse price action. The token experienced two major spikes followed by liquidations, with a clear bearish setup leading to a decline of over 52%. In the long term, the outlook remains bearish with a target near $0.3, representing about an 80% potential downfall. 

In a wider perspective, the PI price has remained under massive bearish influence, which portrays the Gaussian Channel. The price is trading much below the resistance of the channel. which is currently bearish. Besides, the CMF has triggered a bearish divergence while in an attempt to trigger a recovery. Moreover, the volume has dropped significantly, signalling a drop in trading activity. With this, the PI price seems to be preparing for another pullback, which may drag the price down by another 10% to 15%. 

Will the PI price remain stuck within a bearish trend?

The PI price may undergo minor price variations in the short term, which could keep the token consolidated above the crucial support in the long term. Besides, the upcoming unlocks are expected to increase the volatility, which could, in turn, have a positive impact on the rally. However, to do so, the PI price is required to breach above $1 and sustain for a long time without undergoing a correction.  

The post Top Reasons Why Pi Network Price Rally is Limited-Here’s Why it Could Drop by 20%  appeared first on Coinpedia Fintech News
It has been over 3 months since the Pi Network’s open mainnet was launched after a long wait of over 4 to 5 years. In these months, the network has made some huge progress, including breaking into the top 20 crypto post-launch. Trending across social media platforms and boasting over 60 million users. Moving forward, …

Cardano (ADA) Price Recovery Blocked by Weak Inflows and Skepticism

Cardano has faced a series of setbacks recently, with its price failing to break through key resistance levels and subsequently experiencing a decline. 

These struggles have left traders and investors feeling uncertain and bearish. The combination of weak inflows and skepticism among traders has stalled Cardano’s recovery.

Cardano Needs To Find Strength

For the past week, Cardano’s funding rate has fluctuated between positive and negative values, reflecting the unstable sentiment in the market. This fluctuation indicates that traders are attempting to capitalize on the price decline by placing short contracts. At the time of writing, short contracts dominate long positions, signaling that traders remain cautious and expect further declines.

This bearish sentiment is reinforced by the fact that short positions are outpacing long positions. As a result, the market is under heavy downward pressure, and there is little indication that a strong recovery is imminent unless there is a significant shift in trader behavior.

Cardano Funding Rate
Cardano Funding Rate. Source: Coinglass

Cardano’s macro momentum is also impacted by a lack of investor support, as shown by the Chaikin Money Flow (CMF) indicator. The CMF has been stuck below the zero line for the past three weeks, indicating that money is flowing out of Cardano, not into it. This suggests that investor confidence is low, which is a major barrier to price growth.

Although the CMF recently showed a slight uptick, the broader trend of negative netflows remains intact. The lack of sustained inflows signals that investor sentiment has weakened, making it challenging for Cardano to break free from its current bearish trend.

Cardano CMF
Cardano CMF. Source: TradingView

ADA Price Is Attempting to Recover Losses

Cardano’s price currently sits at $0.68, just under the crucial resistance level of $0.70. The altcoin appears to be on track for consolidation between $0.77 and $0.70. However, this consolidation could signal a lack of upward momentum and indicate a prolonged period of stability.

If ADA’s bearish sentiment persists, Cardano’s price could struggle to break the $0.70 barrier and instead slide further toward $0.62. This would mark a further decline and signal that the current price action is unlikely to result in a recovery without substantial shifts in market conditions or investor sentiment.

Cardano Price Analysis.
Cardano Price Analysis. Source: TradingView

On the other hand, if investors begin to see the current price as an opportunity, Cardano could breach $0.70 and potentially rise beyond $0.77, towards $0.85. This would invalidate the bearish outlook, opening the door for a more significant price rally. However, without a notable increase in support, Cardano’s price is likely to remain under pressure.

The post Cardano (ADA) Price Recovery Blocked by Weak Inflows and Skepticism appeared first on BeInCrypto.

Hackers Steal $7 Million From Loopscale and Term Finance DeFi Protocols

The decentralized finance (DeFi) sector faced another major setback this weekend as two protocols, Loopscale and Term Finance, suffered exploits totaling over $7 million in losses.

These incidents have fueled growing concerns about the vulnerabilities of DeFi platforms in 2025.

Loopscale Loses $5.8 Million in Major Exploit

On April 26, Solana-based Loopscale reported a significant security breach impacting its USDC and SOL vaults.

The exploit drained around $5.8 million, representing roughly 12% of the platform’s total value. Notably, this attack came just two weeks after Loopscale’s official launch.

Loopscale’s co-founder, Mary Gooneratne, confirmed that an attacker exploited the system by securing under-collateralized loans.

Investigations revealed that the root cause stemmed from an isolated issue in the platform’s RateX-based collateral pricing system.

However, Loopscale clarified that RateX itself was not compromised.

“The root cause of the exploit has been identified as an isolated issue with Loopscale’s pricing of RateX-based collateral. There is no issue with RateX itself related to this. Loss of funds explicitly affects depositors to SOL and USDC Genesis vaults,” Loopscale stated.

Following the breach, Loopscale temporarily halted all markets to assess the damage.

The platform has since resumed partial operations, enabling key functions like loan repayments, top-ups, and loop closures, while vault withdrawals remain restricted.

To recover the stolen funds, Loopscale offered a 10% bounty to the attacker and proposed a whitehat agreement.

The platform requested the return of 90% of the stolen assets and warned of legal action if the attacker did not respond by April 28.

“We agree to allow you to retain a bounty of 10% of the funds (3,947 SOL) and release you from any and all liability regarding the attack,” Loopscale added.

Loopscale is currently working with security firms and law enforcement agencies to manage the situation.

Term Finance Suffers $1.5 Million Liquidation Loss

Meanwhile, Ethereum-based Term Finance, a pioneer in scalable fixed-rate lending, also reported a security incident on April 26.

Blockchain security firm TenArmorAlert identified two suspicious transactions linked to Term Labs, resulting in losses of about $1.5 million.

“It appears that something is wrong with the liquidation. Someone spent a very small amount of ETH to liquidate over 586 Treehouse collateral,” TenArmorAlert stated.

Term Finance later confirmed that a faulty update to its tETH oracle caused the problem. Fortunately, no smart contracts were exploited, and the issue was contained within the tETH markets.

The platform assured users that all other funds remain secure and has committed to a full reimbursement plan for those affected.

These attacks contribute to a worrying trend in 2025, with crypto projects losing close to $2 billion this year.

High-profile incidents like Bybit’s $1.46 billion hack in February have shaken confidence across the industry.

Tim Haldorsson, founder of Lunar Strategy, questioned whether DeFi returns justify the ongoing exploit risks.

He suggested that DeFi yields might lag behind traditional investments like bonds once adjusted for hack-related losses.

“How safe is actually all this defi? We are chasing yield, but hack-adjusted is it actually better than just holding bonds,” Haldorsson questioned.

The post Hackers Steal $7 Million From Loopscale and Term Finance DeFi Protocols appeared first on BeInCrypto.