XRP Bears Dominate as Price Continues to Fall Further from January’s $3.40 Peak

XRP has been on a steady decline over the past weeks, causing losses for many investors. Despite the falling price, some key holders are actively working to counter the bearish momentum. 

Their efforts could play a significant role in stabilizing and potentially reversing XRP’s downtrend.

XRP Investors Are Optimistic

The Network Value to Transactions (NVT) Ratio for XRP has spiked to its highest level in a month. A rising NVT Ratio typically indicates that the network’s valuation exceeds its transaction activity, often signaling an upcoming price correction. This metric warns that XRP might be overvalued relative to its current use.

However, XRP has shown resilience at times in the past by bouncing back after periods of overvaluation. Investors and holders expect a similar rebound this time, fueled by renewed buying interest.

XRP’s Liveliness indicator has been trending downward, signaling active accumulation by long-term holders (LTHs). A decline in Liveliness suggests that these investors are holding onto their tokens despite price drops, aiming to stabilize the market. This behavior contrasts with an uptick, which would indicate increased selling pressure.

LTH accumulation during a price dip shows confidence in XRP’s long-term prospects. These holders are countering bearish trends by absorbing selling pressure and positioning themselves to profit when the price recovers, providing a critical support layer.

XRP Price Nears Losing Key Support

XRP is currently trading at $2.30, reflecting a two-week downtrend. It is holding just above a key support level at $2.27. Securing this support is vital for the altcoin to prevent further declines and maintain a foothold for potential gains.

If bullish factors continue to strengthen, XRP could bounce off the $2.27 support level. Breaking through the downtrend could enable XRP to flip $2.38 into new support, paving the way for a rise toward $2.56. This recovery would signal renewed investor confidence.

Conversely, if XRP loses support at $2.27, the price may drop further to $2.12. Such a decline would invalidate the bullish outlook and extend the ongoing downtrend, leading to increased losses for investors and sustained bearish pressure.

The post XRP Price Suffers Downtrend as Overvaluation Delays Recovery To $2.50 appeared first on BeInCrypto.

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.

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