XRP’s price is having trouble finding a clear direction as the overall market shows mixed signs of volatility. Recently, short-term holders started taking profits during price increases, which led to a drop in buying interest. However, some key indicators for XRP are still rising, suggesting that a strong rebound could be on the way soon.
XRP’s Open Interest Gained Over $1.5 Billion in a Week
XRP is currently seeing strong activity from both buyers and sellers. According to data from Coinglass, around $21 million worth of XRP positions were liquidated in the last 24 hours — with buyers accounting for $17.4 million and sellers for $3.66 million.
Meanwhile, interest in XRP futures has been climbing for over the last seven days. Open interest has jumped to $5.47 billion, up over 3.9% in the past day. Over the past week, it surged from $2.13 billion to $5.38 billion, a massive 152% increase. This rise in futures activity, along with a price increase from $2 to $2.60, suggests that traders are becoming more confident in a bullish trend.
Additionally, large investors (whales) have been slowing their outflows, turning the 90-day average of net flows positive. Historically, this kind of shift has often signaled the end of a downtrend or the start of a new upward move.
However, not all signs are positive. XRP reserves on exchanges are at a one-month high, which could mean more selling pressure. Some whales have also moved large amounts of XRP to exchanges, possibly to sell.
Still, despite these bearish signs, none have been strong enough so far to slow down XRP’s recent upward momentum. The hourly long/short ratio is hovering above the 1 level, currently at 1.1227. This suggests that buyers have the advantage as around 53% expect the XRP price to rise.
If the current rally continues or at least creates new support levels at higher prices, XRP could stay in an overall uptrend over the long term. This is especially likely with the SEC’s decision on spot XRP exchange-traded funds (ETFs) expected in June, a ruling that could trigger another price jump.
What’s Next for XRP Price?
XRP price is facing strong bearish pressure above $2.65 as sellers continue to defend a surge. As a result, XRP has been forming multiple higher highs, attempting to break through immediate resistance channels. As of writing, XRP price trades at $2.55, declining over 1.8% in the last 24 hours.
Analysing the 4-hour price chart, the bulls have gained more control by pushing the price above the $2.50 mark. There’s a small hurdle at $2.65, but if XRP can break through that, it could climb to $3, a move that may validate a clear upward trend.
On the other hand, if the price gets rejected at $2.65 and falls below the 100-day EMA (currently at $2.42), it could mean XRP will trade in a sideways range for a while, possibly hovering between $2 and $2.6.
Donald Trump’s DeFi platform, World Liberty Financial (WLFI), has made a massive purchase by tripling its Ethereum (ETH) holdings, even as prices dropped below $2,000. Despite the market crash, WLFI continues to invest heavily in crypto, showing confidence in its long-term growth.
WLFI Tripled Ether Holdings In a Week
According to on-chain data from Lookonchain, WLFI recently transferred $25 million USDC into a newly created multi-signature wallet, signaling its intent to expand its crypto portfolio. The fund executed major purchases, including;
4,468 ETH for $10 million at an average price of $2,238 per ETH.
110.6 Wrapped Bitcoin (WBTC) for $10 million at $90,420 per BTC.
3.42 million MOVE tokens for $1.5 million at $0.439 per token.
With about $3.5 million USDC still available, speculation is rising that WLFI could continue adding to its holdings soon.
Currently, ETH remains WLFI’s largest holding with $16.34 million, followed by $14.8 million in WBTC and $13.25 million in USDT stablecoins.
WLFI Faces Heavy Losses
Despite buying more crypto, WLFI is facing over $89 million in unrealized losses across nine tokens. This comes at a time when the crypto market is struggling due to big events like the $1.4 billion Bybit hack, the largest in crypto history, and other economic concerns.
While many investors are moving toward real-world assets (RWA) for safety, WLFI is taking a different path, believing in a long-term crypto comeback.
WLFI’s Crypto Fund Expands Strategy
WLFI’s recent investments come after launching its Macro Strategy fund, which focuses on Bitcoin, Ethereum, and selected altcoins. The goal is to build a strong and balanced crypto portfolio while exploring new opportunities in DeFi.
Meanwhile, speculation is growing that Trump’s family may launch “one or more giant businesses” on Ethereum and even hinted at the possibility of Ethereum being used in government operations noted by Ethereum co-founder Joseph Lubin.
The post Donald Trump’s WLFI Buys $10M Worth Of Ethereum Amid Market Drop appeared first on Coinpedia Fintech News
Donald Trump’s DeFi platform, World Liberty Financial (WLFI), has made a massive purchase by tripling its Ethereum (ETH) holdings, even as prices dropped below $2,000. Despite the market crash, WLFI continues to invest heavily in crypto, showing confidence in its long-term growth. WLFI Tripled Ether Holdings In a Week According to on-chain data from Lookonchain, …
Ethereum’s long-awaited Pectra upgrade has taken a big step forward with its launch on the Holesky testnet. This upgrade brings key improvements for validators, wallets, and layer-2 scaling. Developers can now test these features before they go live on the Ethereum mainnet.
Ethereum’s Pectra Upgrade In Progress
Ethereum developers have been working on Pectra for months, and its activation on Holesky at epoch 115,968 marks a crucial step. The Sepolia testnet already adopted the upgrade at epoch 222,464 on March 5.
Now, with both test networks testing the changes, Ethereum developers are expected to decide on a mainnet launch date soon.
Meanwhile, Pectra follows the Dencun upgrade, which was released in March 2024 and helped lower transaction fees for layer-2 networks. Unlike Dencun, which focused on reducing costs, Pectra introduced new features to make Ethereum accounts more efficient and improve staking.
Key Features of Pectra Upgrade
Pectra is one of Ethereum’s biggest upgrades since 2024, bringing 11 major improvements known as Ethereum Improvement Proposals (EIPs). Among them, two stand out:
EIP-7251: This proposal increases the maximum staking limit from 32 ETH to 2,048 ETH, allowing large validators to manage their stakes more efficiently.
EIP-7702: This feature allows wallets to temporarily act as smart contracts, enabling users to pay gas fees with stablecoins, set up automatic payments, and recover wallets without needing seed phrases.
With these changes, Ethereum aims to provide a smoother experience for both validators and everyday users.
Ethereum Drop Below $2K Could Trigger $700M Liquidation!
While the Pectra upgrade promises major improvements, but its price remains stuck in consolidation. A breakout could happen if a strong rally occurs during the March 7 Crypto Summit, followed by a dip that forms a solid bottom.
For Ethereum to gain momentum, it needs to retest the $2,600 and $2,700 resistance levels and then face a pullback after the event. If ETH drops into the $1,600–$1,700 demand zone, it could trigger a buying opportunity, especially with the Relative Strength Index (RSI) nearing oversold levels.
Meanwhile, data from CoinGlass shows that a 2.6% dip below $2,154 would trigger $298 million in long liquidations. A bigger drop below $2,107 and $2,049 could wipe out $582 million and $705 million in positions.
Overall, an 8% decline could lead to liquidations exceeding $700 million, adding more pressure to ETH’s price.
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A lot happened this week in crypto, marking developments expected to continue shaping the industry. Important headlines came from administrative decisions, ecosystem developments, and analysts probing the market outlook.
In case you missed it, the following is a roundup of some of the most important developments in the crypto market this week.
XRP Lawsuit’s Jay Clayton Became New SDNY Attorney
“Trump’s former SEC Chair Jay Clayton has taken his position as interim US attorney for the Southern District of New York. He will serve for up to four months until confirmed by the Senate or appointed by Manhattan federal judges,” former Fox Business reporter Eleanor Terrett reported.
The move came as Democratic leaders in the Senate reportedly hinted at blocking Clayton’s nomination. Trump’s move to install him as interim could see Clayton avoid the Senate confirmation process.
Clayton is the legal expert who initially filed the longstanding legal action between the SEC and Ripple. As it happened, Clayton filed the lawsuit on December 22, 2020, and resigned the next day in what will be remembered as a “parting shot” for the agency.
Pi Network Pioneer Frustration Over Ambiguous Roadmap
Another crypto incident this week concerned Pi Network pioneers. As BeInCrypto reported, the controversial project released its Mainnet Migration Roadmap. However, it failed to impress pioneers as it lacked key details.
Specifically, several gaps sparked concerns, including failing to disclose how many Pioneers remain in the queue. Similarly, it was unable to show the network’s daily migration capacity. The absence of these figures makes it impossible for users to predict when their migration will occur.
Further, opaque criteria for node rewards and the UI’s “Transferable Balance” underestimating actual migrated amounts raised flags. Pi Network also offers no audit or error‑resolution process for users who spot mismatches in their historical mining data, exacerbating the fears.
“I thought we were mining all of these PI coins this whole time? I thought the security circles were the Consensus Mechanism. It kinda seems to me like there isn’t a blockchain, and never was one. What kind of “Blockchain protocol” would “Require” all tokens to be minted at genesis?” one community member wrote.
Pi Network (PI) price performance. Source: CoinGecko
Data on Coingecko shows PI coin was trading for $0.6539 as of this writing, up by a modest 1.1% in the last 24 hours.
Bitcoin Cycle Unfolds Noticeably Different From Previous Ones
More interestingly, BeInCrypto reported a concerning shift: this cycle is unfolding remarkably differently than the past ones post-halving.
In previous cycles, BTC price tended to rally aggressively months after the Bitcoin halving. The post-halving period saw strong upward momentum and parabolic price action.
This trend was largely driven by retail enthusiasm and speculative demand, which proved most pronounced from 2012 to 2016 and 2016 to 2020.
Things are happening differently in the current cycle. Instead of accelerating after the halving, the price surge began in October and December 2024, driven by Bitcoin ETF (exchange-traded funds) hype. This was followed by consolidation in January 2025 and a correction in late February.
PancakeSwap Announces CAKE Tokenomics Date
This week in crypto, PancakeSwap announced the official date for its CAKE tokenomics, April 23. As BeInCrypto reported, key changes included the removal of veCAKE, staking, and revenue sharing, with 5.3 million CAKE to be burned annually to curb supply.
However, there was also controversy as Cakepie DAO pushed back against veCAKE removal. Several developers and community members believe CAKE Tokenomics 3.0 will benefit the project in the long term.
“At its core, CAKE Tokenomics 3.0 defends true value and protects CAKE holders by strengthening long-term fundamentals—such as aggressively cutting emissions to accelerate deflation and sustainably grow value,” Chef Philip said.
Meanwhile, others voiced strong concerns on X (Twitter), criticizing the decision to eliminate veCAKE. Among them was Cakepie DAO, one of the largest veCAKE holders, who called it non-transparent and potentially damaging to projects built around that model.
Against this backdrop, PancakeSwap resorted to a $1.5 million CAKE compensation plan.
“PancakeSwap is willing to provide 1.5M USD in CAKE to CakePie DAO primarily used to compensate CKP Holders if CakePie DAO enables mCAKE holders to redeem 1:1 back to CAKE and opens the redemption page in a timely manner if the proposal passes. Detailed plans will be announced once the mirror proposal on CakePie is completed,” the Head Chef of PancakeSwap wrote.
Data on CoinGecko shows Pancake’s CAKE was trading for $2.12 as of this writing, up by nearly 10% in the last 24 hours.
Zora Airdrop and Token Launch Announcement
Adding to the list of the many events that happened this week in crypto, Zora Network announced that it would airdrop 1 billion ZORA tokens (10% of the total supply) on April 23. The tokens would reward early platform users across two snapshot periods.
As it happened, the crypto airdrop happened in style, sparking confusion as it lacked an official checker or claim site. Users were required to go to the contract address and check their allocations.
Speaking to BeInCrypto, Jesse Pollak, the creator of the Base blockchain, said that one must not understand anything about crypto or the underlying infrastructure before posting on Zora. He also defended the value of content coins, emphasizing their potential for creators despite volatility.
