XRP made headlines in the crypto market after briefly overtaking Tether to become the third-largest cryptocurrency by market value. The price of XRP climbed back above $2.61 for the first time since March 6th, marking a strong recovery for the digital asset. However, at the time of writing, XRP has slipped back to the fourth position.
At the same time, market experts have noticed a positive change in XRP’s price charts. Over the past few months, XRP’s price was affected by a bearish divergence, which kept its growth limited. But in recent days, this pattern seems to have ended.
The 3-day Relative Strength Index (RSI) for XRP has now moved above its previous levels, suggesting that the coin is gaining strength and could continue moving upwards.
XRP Price Analysis: Signs of a Bullish Breakout
On the daily chart, XRP is trying to break above a key resistance level around $2.45 to $2.46. However, to confirm a breakout, it needs to close a daily candle above this line. If it succeeds and manages to cross above $2.58 to $2.59, it could mean a major bullish trend.
If that happens, XRP might not only rise in the short term but could also continue to perform well over the next few weeks or even months. On its way up, the price could face some hurdles around levels like $2.77, $2.95, $3.15, and $3.30.
$5 In Sight?
Some analysts suggest we may already be in a direct bullish phase, with the price aiming straight toward the $5 mark. Either way, as long as support holds, the focus remains on higher prices. In the short term, XRP may continue to stretch upward, with a new micro target zone set between $2.77 and $2.97. This could mark the next area of interest for traders looking for bullish confirmation.
HTX is launching a series of exclusive promotions for $TRUMP, offering users multiple ways to boost earnings and capture market opportunities amid surging global interest in the token.
Starting April 26 at 16:00 (UTC), HTX launched a special $TRUMP Flexible Earn offer. Users can subscribe to the $TRUMP Earn product and enjoy an annualized return of up to 20% with hourly compounding. Funds can be deposited and withdrawn at any time for maximum flexibility. Simply log in to the HTX App or website and select the “$TRUMP Flexible” product under “Earn.”
From April 28 at 10:00 to May 13 at 15:59 (UTC), users can trade the $TRUMP/USDT spot pair with zero trading fees. This limited-time offer lowers trading costs and makes it easier for users to capture potential gains.
HTX is hosting a $TRUMP Trading Competition from April 27 at 10:00 to May 4 at 10:00 (UTC).
Participants who trade $TRUMP spot will be ranked by total trading volume for a chance to share a 20,000 USDT prize pool.
Bonus: $TRUMP leveraged trades will count 3x toward the total volume.
Note: Users must register on the event page to qualify for rewards.
HTX: Empowering Users with Quality Digital Asset Opportunities
Through Earn promotions, fee-free trading offers, and trading competitions, HTX continues to create a low-cost, high-liquidity trading environment. The $TRUMP campaigns are part of HTX’s broader efforts to enhance user opportunities through curated digital asset offerings, while continuously optimizing platform experience and driving sustainable growth across the global user base.
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.
Pi Network has faced a significant setback recently, registering one of the few declines among the top tokens. Currently, Pi is trading at $0.6077, reflecting a 15% drop over the past month.
This poor performance has left many investors questioning its future, especially as it struggles to show signs of improvement.
Pi Network Needs To Note Inflows
Despite the decline, the Chaikin Money Flow (CMF) indicator reveals that Pi Network has observed some inflows. However, this increase is still stuck in the negative zone, under the zero line. This suggests that while there are occasional inflows, the outflows remain dominant, keeping the altcoin subdued.
The negative CMF reading indicates that selling pressure still largely controls the altcoin price movement. Even though there is some positive market activity, it is not enough to overcome the dominant outflows.
The lack of support from investors is driven by fundamental issues with Pi Network, which Alvin Kan, COO, Bitget Wallet, agreed with, responding to BeInCrypto.
“Pi Network’s initial surge was largely driven by anticipation and years of community mining, but the follow-through has been more muted. As early users began realizing gains, increased token supply met limited exchange listings and a still-developing ecosystem. Without strong utility or broader liquidity, investor demand naturally tapered off. Like many new tokens, Pi is now facing the challenge of transitioning from early hype to long-term value delivery,” Kan told BeInCrypto.
Pi Network’s correlation with Bitcoin is also a point of concern. Currently, Pi shares a correlation of -0.11 with Bitcoin, indicating an inverse relationship. This means that whenever Bitcoin experiences upward momentum, Pi tends to face declines.
With Bitcoin nearing $100,000, Pi Network could struggle to capitalize on Bitcoin’s potential gains, potentially facing further corrections.
Given Bitcoin’s strength, Pi may continue to decline, as its price typically moves in the opposite direction of Bitcoin’s rise. This inverse correlation suggests that even if Bitcoin reaches new highs, PI might not benefit from the broader market rally. Instead, it could face additional downward pressure.
Pi Network Correlation To Bitcoin. Source: TradingView
PI Price Needs A Strong Reversal
Pi Network’s price has dropped 15% over the last month, currently sitting at $0.6077. The decline in price, especially after the high expectations surrounding the token, has caused frustration among investors. As the selling pressure mounts, it appears that more investors are pulling their money out of Pi, resulting in ongoing losses for the token.
If this trend continues and Bitcoin’s price continues to rise, the altcoin could experience a further drop. The negative correlation with Bitcoin could result in Pi falling through the $0.6077 support level and heading toward the $0.5192 support. If the trend persists, the altcoin may approach its all-time low of $0.4000, further deepening its losses.
Thus, staying on alert is the best option for any investor.
While the novelty of Pi Network’s minting on the mobile device took off strongly, it did not stick around for long, impacting the price as a result.
“Pi Network’s mobile mining and referral model helped it build a massive user base, but also invited skepticism around sustainability. While the project clarifies that it doesn’t follow a multi-level structure, concerns persist over perceived lack of transparency and real-world use cases. To move past the debate, the focus will need to shift toward building credible utility and expanding access. If that happens, sentiment could recover—but trust takes time,” Kan told BeInCrypto.
However, if market conditions improve and investor sentiment shifts, Pi Network may have a chance at recovery. A breach of the $0.8727 resistance, followed by flipping it into support, could signal a reversal. This would set Pi on a path toward $1.0000, invalidating the current bearish outlook and setting the stage for potential growth.
The Pi Network community is taking a significant step toward financial independence, developing its decentralized exchange (DEX), PiDaoSwap.
According to social media reports, the initiative will aim to curb alleged price manipulation by external exchanges.
PiDaoSwap to Launch on the Pi Network Ecosystem
Reportedly, PiDaoSwap is in the final stages of launching a multi-functional DEX on the Pi Network mainnet. The platform will ensure that the PI coin price reflects the actual market value of the token rather than being distorted by third-party platforms.
The announcement cited price manipulation by outside entities, a malpractice that impedes Pi Network’s growth and development.
“Once completed, the Pi price will be reflected at its true value and will no longer be manipulated by current external exchanges,” Pi Network VietNames claimed.
Pi Network VietNames is a community-driven profile that shares updates, opinions, and news about Pi Network.
Although in the final stages of development, PiDaoSwap specified that it was awaiting Know Your Business (KYB) approval from the Pi core team before launching.
For now, the prospective platform has secured Twitter’s organizational verification, signaling progress in its development.
Meanwhile, Pi Network’s imminent PiDaoSwap launch comes amid escalating frustrations within the PI community. Certain platforms reportedly use bots to alter Pi’s valuation artificially, affecting community sentiment.
Similarly, there are also allegations of fake price listings by external exchanges.
A recent BeInCrypto report echoes this sentiment amid allegations of bot activity on CoinMarketCap. This fueled skepticism about centralized price tracking mechanisms on the platform.
According to Pi Network VietNames, these manipulations have severely impacted the project’s credibility and adoption.
Meanwhile, other concerns emerge regarding restrictions on using “Pi-related” branding. These are related to the intellectual property (IP) and trademark policies outlined by the Pi Network.
“As a community-driven ecosystem project under PIDao, with DAO as our core focus, would this still be prohibited? Or do we need to modify our project name and domain accordingly,” PiDaoSwap wrote.
Pi Network’s official documentation prohibits using “Pi-related” branding without approval. Therefore, this suggests modifications could be necessary before the prospected PiDaoSwap debuts.
Meanwhile, PI fell below $1 on Saturday, down by over 30% in the past week.
