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reversal

why $0.35 support can spark a reversal
GameFi Guides

why $0.35 support can spark a reversal

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Pi Network price has been locked in a prolonged downtrend, but price action is now pressing into a major high-timeframe support at $0.35. A potential double-bottom structure and early signs of accumulation could pave the way for a rebound toward $0.70.

Summary

  • Price consolidates at $0.35–$0.33 support with potential double-bottom formation.
  • Point of Control and 50-day MA must be broken to confirm reversal.
  • Uptick in bullish volume suggests early accumulation phase.

Pi Network’s (Pi Network) token continues to trade within a clear bearish structure, marked by consecutive lower highs and lower lows. However, the market may be approaching a critical turning point as price consolidates around the $0.35–$0.33 support zone, which aligns with the value area low. This level has held through multiple retests, suggesting the potential for a bottoming structure to form if buyers step in with conviction.

Key Technical Points

  • $0.35–$0.33 Support Zone: High-time frame support and value area low holding firm.
  • Potential Double Bottom: A bounce from support may form a reversal base.
  • Point of Control Resistance: A breakout above this level is needed to confirm a higher high.

PINETWORK (1D) Chart, Source: TradingView

From a structural perspective, this is a prime location for Pi Network to carve out an accumulation phase. An accumulation period typically develops when price trades sideways at a key support, absorbing selling pressure before staging a breakout. Confirmation will require not only holding the $0.35 region but also breaking the ongoing downtrend by establishing a higher high above the most recent rejection point.

The 50-day moving average remains another key level to watch. Price has consistently struggled beneath this dynamic resistance since losing the value area high. A decisive daily close above the 50-day MA would be an important sign of a trend reversal, indicating that momentum is shifting back in favor of buyers.

Volume analysis also provides cautious optimism. Recent sessions have seen a notable uptick in bullish activity, though sustained above-average volume is still required to confirm strength behind the move. If accumulation persists at current levels, coupled with increased participation, the path toward $0.70 resistance becomes increasingly probable.

What to expect in the coming price action

Pi Network remains in a fragile technical state, but the confluence of support around $0.35 and emerging bullish signals hints at a possible bottoming scenario. A clean break of the downtrend and a higher high would set the stage for a recovery toward $0.70. Until then, the market is likely to consolidate in this accumulation range as buyers and sellers battle for control.



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Ripple’s $606 Million XRP Transfer Sparks Hopes of Price Reversal
GameFi Guides

Ripple’s $606 Million XRP Transfer Sparks Hopes of Price Reversal

by admin


  • Ripple’s mysterious transfer sparks reactions 
  • XRP returns above $3.06

San Francisco-based blockchain company Ripple has stirred speculations with a mysterious transfer involving millions of XRP. On August 18, on-chain tracking platform Whale Alert spotted a major transfer from Ripple involving 200,000,000 XRP.

According to the data provider, Ripple had moved a mega amount of XRP to an unknown address. The transfer was worth over $606 million per XRP’s price at the time the transfer was executed.

Ripple’s mysterious transfer sparks reactions 

The massive XRP transfer from Ripple has sparked reactions across the community as the destination of the transferred assets remained anonymous.

Although the transfer comes as a little bit of a surprise, Ripple is known for making large XRP transfers at intervals, usually a few times every month.

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While market watchers have been closely monitoring on-chain moves like this, they have expressed curiosity as to whether the move could be the firm preparing for institutional deals or probably redistributing its reserves.

With the move coming amid a broad crypto market bloodbath, investors fear that the move might be Ripple preparing to dump its holdings ahead of deeper price declines.

Following the anonymous nature of Ripple’s giant move on XRP today, the lack of clarity on the destination of the transfer has fueled discussions about whether it could be tied to upcoming private accumulation which may be bullish for XRP’s potential price.

XRP returns above $3.06

After days of trading sideways, XRP appears to be retracing back to its previous support level as its price returns above $3.

Over the past days, the broad crypto market has been faced with a massive price bloodbath that saw the price of XRP fall as low as $2.9513 during the early hours of August 18.

Although the massive XRP decline experienced over the last 24 hours has seen short-term holders suffer massive losses, data from crypto analytics platforms shows that up to 94% of XRP’s circulating supply is in profit. This suggests that the XRP ecosystem is dominated by long-term holders with solid faith in the asset’s future potential.

Following the massive XRP transfer made by Ripple today, XRP appears to be forming a decent rebound as its price surges and holds steady at $3.07 as of press time.

While data from CoinMarketCap shows that the asset has plunged below $2.96 on the same day, investors’ hopes for a potential price breakout appear unshaken.



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is a Three Drives Pattern forming?
NFT Gaming

will a Double Bottom trigger a reversal?

by admin



Floki is nearing the origin of its last major rally after a prolonged decline. A double bottom formation could be in play, but only if key levels and volume align.

Floki (FLOKI) has been in a sustained downtrend after rejecting from the value area high and losing the point of control. This momentum shift triggered a broad correction, with price now nearing the origin of its previous major rally, a region that may act as the foundation for a potential double bottom reversal, if confirmed with structure and volume.

Key technical points

  • Current Trend: Bearish correction after rejection from key resistance.
  • Critical Support Zone: Approaching previous rally origin, potential double bottom area.
  • Volume Behavior: Low during decline, volume surge required for bullish confirmation.
  • Reversal Signal: Reclaiming the value area high would confirm structure shift.

FLOKIUSDT (1D) Chart, Source: TradingVIew

Floki’s decline began with a clean rejection at the value area high and a breakdown through the point of control, signaling weakening structure and a shift in trend. Since then, price action has drifted lower with minimal volume support, highlighting a lack of buyer conviction.

Now, Floki is trading near the origin of its last major rally, an area that previously triggered strong upward momentum. If price can hold this support zone and establish a base, there is a strong technical case for a double bottom formation. However, this setup is still in early development.

Confirmation would require Floki to consolidate in this region and reclaim the value area high with a meaningful increase in volume. Without an influx of demand, the double bottom setup could fail, leaving room for continued downside.

This formation represents a key inflection point within the broader trading range. Until Floki reclaims high timeframe resistance with conviction, price is likely to remain rotational.

What to expect in the coming price action

Floki is nearing a make-or-break support level. If a double bottom forms and the value area high is reclaimed on volume, a new rally could begin. Otherwise, further downside remains in play. The developing structure is worth watching, as it may signal the early stages of a macro reversal, but only if bulls step in decisively.



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15,050,000,000,000 SHIB in 24 Hours, Shiba Inu Reversal Imminent?
NFT Gaming

15,050,000,000,000 SHIB in 24 Hours, Shiba Inu Reversal Imminent?

by admin


According to CoinMarketCap data, an eye-catching 15.05 trillion SHIB has changed hands in the last 24 hours, marking a 61% surge in volumes.

Despite the surge in trading volume, SHIB’s price has taken a hit, dropping 6.52% in the past 24 hours to $0.00001055 and down 12% on the week. The drop comes amid a broader market-wide sell-off, with over $701 million in liquidations reported across the crypto space.

Fresh uncertainty had rattled global markets, sending cryptocurrencies into a tailspin. In the last 24 hours, 175,725 traders were liquidated, with $618 million of that total related to long bets that speculated on rising prices.

SHIB/USD Daily Chart, Courtesy: TradingView

Shiba Inu has steadily decreased since its June 11 high of $0.00001362, with 11 out of 12 days in red, including today’s loss.

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The recent drop has pushed SHIB closer to crucial support levels, where buyers may attempt to reenter. SHIB’s price hit intraday lows of $0.00001028, where it saw a rebound in April. The daily RSI has also dipped below oversold levels, implying that a rebound or at least a relief rally is possible in the coming sessions.

Is SHIB reversal imminent?

On-chain metrics and whale tracking platforms have also observed increased movement from large holders, fueling speculation that a reversal could be on the horizon as whales position themselves for a major move.

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Shiba Inu large holder inflows have increased by 1,048% in seven days, following a dramatic surge on June 16 to 15.05 trillion SHIB, a seven-day and six-month high, respectively.

However, caution is still the name of the game. Broader market weakness and continued sell-offs across altcoins could delay any recovery attempts; $0.00001000 remains a critical level that could spark a technical rebound.

A decisive break above the daily moving averages of 50 and 200 at $0.0000134 and $0.0000163 would signal a bullish reversal and the start of a new uptrend for Shiba Inu.

For now, the crypto community is watching closely. With over 15 trillion tokens traded in a single day, momentum is certainly growing. The question is, which way will it break?



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OKB price breaks above $54 after 13% surge: relief rally or true trend reversal?
NFT Gaming

relief rally or true trend reversal?

by admin



Price action in OKB turned ballistic, blasting through the $54 level with volume to match. Behind the move? Whale wallets, OKX’s expansion, and a technical breakout that shattered weeks of stagnation. Traders are now eyeing the next pivot: pullback or liftoff?

OKB (OKB), the utility token of the OKX exchange, surged during the Asian trading session on June 19, climbing from a daily low of $47.61 to a high of $54.66 before easing to around $52.64 at press time.

The 13% rally came with a 406% spike in 24-hour trading volume, signaling more than just fleeting retail interest. While Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and other major altcoins posted modest gains, OKB’s vertical move stood out in an otherwise flat market.

Why is OKB price pumping?

The rally followed OKX’s announcement of its U.S. expansion, which increased exposure for OKB in a jurisdiction now seen as more welcoming to crypto. Broader access could translate into deeper liquidity and greater institutional interest.

Meanwhile, onchain data showed large holders had been accumulating OKB in the days leading up to the breakout. On June 12, Santiment flagged OKB as one of the top 10 tokens by growth in whale transactions, pointing to positioning by institutional or high-net-worth players.

OKX’s token burn mechanism may have also contributed to the momentum. The exchange removes OKB from circulation quarterly using a share of trading fees. The next burn is expected in July, following the 27th burn event in March, which eliminated 31,158,862 OKB from circulation. To date, OKX has burned over 171 million OKB tokens since the program began in 2019.

Technically, the move above $54 broke a multi-week resistance level, with volume confirming the breakout. The 406% surge in volume was one of the largest single-day spikes this year, signaling strong conviction from buyers.

Despite the breakout, OKB remains susceptible to broader crypto sentiment. If Bitcoin falters, recent gains could retrace. For now, the combination of whale accumulation, exchange growth, and volume-backed momentum suggests the rally may have further room to run, but confirmation is key in the sessions ahead.



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XRP Comes Alive in Key Reversal, Bitcoin (BTC) Gaining Peak Momentum, Solana (SOL): Head and Shoulders?
NFT Gaming

XRP Comes Alive in Key Reversal, Bitcoin (BTC) Gaining Peak Momentum, Solana (SOL): Head and Shoulders?

by admin


  • Bitcoin: Things heating up
  • Is Solana ready?

After weeks of false starts and sideways grinding, XRP has finally displayed meaningful life on the chart, posting a strong rebound and possibly paving the way for a more widespread reversal. As of press time, XRP had risen by almost 5% for the day, surpassing local resistance and setting up a breakout above the 50 EMA and the 100 EMA, two crucial moving averages. 

This newfound vigor follows a triple test of the 200 EMA, which remained a solid support level close to $2.10. The strength of each bounce has increased, indicating seller fatigue and rising buyer interest. Now that volume is increasing and the RSI is approaching bullish territory (it is currently at about 52), XRP is ready for an upward continuation if momentum continues. 

XRP/USDT Chart by TradingView

A close above the area where the 50 and 100 EMAs converge, which is situated squarely between $2.25 and $2.28, would be the most noteworthy technical milestone. A push toward the $2.50-$2.60 range, which is home to a cluster of previous rejection wicks, might be possible if that zone were decisively reclaimed. This would change the short- to medium-term structure to bullish. 

Additionally, the neckline of a larger ascending triangle that has been in place since April is a structurally significant area where this bounce occurs. If validated, that pattern points to XRP’s long-term reversal thesis and may signal the start of a fresh upward trend, which bulls have been craving in the wake of Bitcoin’s hegemony. Even though XRP is still in the woods, its pulse is more robust than it has been in weeks.

Bitcoin: Things heating up

Bitcoin is once again heating up, and it is showing indications that a move toward its all-time high (ATH) may be imminent if and only if it can overcome the final technical barrier, which is the descending trendline that has capped all of the recent highs. BTC is currently trading above $106,000, maintaining a strong hold above the 20 and 50-day key short-term EMAs and gaining steady momentum.

Since the last decline to $103,000, the price action has been volatile but bullish forming a string of higher lows. As a bullish indication that the underlying trend is still in favor of buyers, the 50 EMA keeps serving as dynamic support. Before entering overbought territory, the RSI has plenty of room to expand as it stays in the neutral zone (~53). 

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Because of the obvious descending trendline that is just above the current price range, this is not yet a full-blown breakout. This line, which was taken from the peak in early June close to $112,000, has established a ceiling that Bitcoin has precisely adhered to. Until this trendline is decisively broken, the market might stay choppy, stalling at around $110,000. The structure, however, is leaning bullish. 

The combination of rising support levels and consolidation below resistance creates a classic continuation pattern known as an ascending triangle. There is not much technically left to stop a retest of ATH territory and beyond if Bitcoin can break above $110,000 and hold. Although the tapering volume may cause some concern, a spike in trading activity as the price presses against the descending line could support the breakout scenario. 

Is Solana ready?

Solana’s chart is starting to resemble the classic head and shoulders (H&S) pattern, which is frequently linked to bearish breakdowns and trend reversals. This could be a warning to bullish traders. The structure is starting to become apparent even though the market has not confirmed the setup yet. 

According to the chart, SOL reached its peak in late May at about $170 (the head) with two lower highs at about $160 forming the shoulders on either side. The $145-$147 range, which has served as support several times over the past month, seems to be the neckline’s current range. If SOL breaks below that neckline with significant volume, we may witness a more severe short-term retracement down toward the $125-$130 range. The H&S pattern is typically a bearish reversal signal. 

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The upside potential appears limited for the time being unless bulls can mount a strong surge, as SOL has had difficulty breaking above the 100 and 200 EMAs. They are currently at $157 and $161, respectively. It is not finalized, though. If buyers are able to invalidate the neckline breach and force SOL past $162, the entire formation may be scrapped because the right shoulder is still developing.

In that case, Solana would return to its bullish stance, targeting a retest of $170 and perhaps higher. Volume is still a crucial component that is lacking; thus far there has not been a clear volume spike that would indicate a breakout or a breakdown. The RSI is neutral with a slight bearish inclination hovering just below 50.



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50% XRP Skyrocketing in Background: Bullish Reversal?
GameFi Guides

50% XRP Skyrocketing in Background: Bullish Reversal?

by admin


As the wider market starts to tremble, XRP is displaying signs of life. Ripple’s native asset is holding close to its multi-month support range despite recent downward pressure, supported by an abrupt and notable spike in network activity. In comparison to the average daily transaction count over the previous month, XRP Ledger processed over 1.34 million payments on June 14, representing a 50% increase.

This spike indicates renewed use of XRP Ledger, which may be related to higher institutional or utility-driven volume. It is not merely a statistic to ignore. Price rebounds are typically preceded by spikes in on-chain transaction volume, particularly when they coincide with important technical zones. In terms of price action, XRP is still tightly wound between its 50/100 EMAs (blue and orange) and its 200 EMA.

XRP/USDT Chart by TradingView

Buyers protecting the long-term trend line have so far absorbed every move made by bears trying to pull the asset below $2. This 200 EMA bounce is a crucial indication that demand is still there. Because XRP is neither overbought nor oversold, the RSI is currently hovering around neutral, which is ideal for a directional breakout. This combination of low volatility compression and rising utility, which frequently precedes significant price movements, is a classic setup.

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A retest of $2.60 and possibly $3.00 is not out of the question if XRP breaks above the $2.32-$2.40 resistance cluster, particularly given that on-chain metrics are still improving. Traders should exercise caution though. Should this spike in payments prove to be a temporary occurrence and not last, XRP could potentially experience another decline toward the $2.00 psychological support.

In summary: The price of XRP has not yet fully responded to the utility spike, but if past trends are any indication, we might be witnessing the start of a bullish reversal that surprises the market.



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ATH Reversal Chance, Solana (SOL) Surprised Everyone
NFT Gaming

ATH Reversal Chance, Solana (SOL) Surprised Everyone

by admin


  • Bitcoin’s struggle
  • Solana goes down

At $2.10 XRP is at a pivotal point in its price history pushing both psychological and technical limits. The asset is now clearly tired after a protracted rally that lifted it above the $2 mark. The subsequent sessions may decide whether XRP maintains its gains or enters a more significant correction as the current structure indicates that momentum is ebbing. XRP is situated directly on the 200-day EMA, a significant long-term support level on the chart. When broken this zone frequently indicates a change into a more bearish phase but it usually serves as a buffer during downtrends. 

The recent short-term moving average behavior is making matters worse: the 50 EMA is about to cross below the 10 EMA, a bearish crossover that usually indicates increasing downward momentum. The price point of $2 to $10 itself, a crucial psychological level, adds to the tension. Market sentiment has relied on holding above this level but if it breaks down the next leg could be a steep decline.

XRP/USDT Chart by TradingView

Investors are keeping a close eye on XRP because a failure here could lead to a decline with little support between $1.85 and $1.90. The setup is currently leaning bearish but some people may still hold onto bullish hopes. Unless there is a resurgence of strong buying pressure the 200 EMA may not hold as the assets short-term strength declines. 

In that case XRP’s $2 breakout will not be viewed as the start of a long-term rally but rather as a bull trap. The lesson is that $2 is now a make-or-break line rather than just a number. If you lose it XRP’s correction could be much more severe. 

Bitcoin’s struggle

As it approaches the 26 EMA, a critical level that is currently the last line of defense against a more significant decline, Bitcoin is treading carefully. Bitcoin has had difficulty maintaining its upward momentum after hitting new all-time highs earlier this year and recent price action indicates that a possible reversal may be imminent.

Bitcoin is located exactly on its 26 EMA which has historically served as dynamic support in strong bullish trends and is currently trading at about $104,600. But this time it goes beyond a technical level; it’s the final significant obstacle before a more significant correction. If this support fails the 50 EMA which is still below the crucial $100,000 mark is the next likely target.

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There is technical and psychological significance to that sub-$100,000 level. In addition to destroying market confidence a decline below it might also lead to a larger wave of liquidations and pessimism. Since Bitcoins jump to its new ATH the 50 EMA hasn’t been tested in weeks and touching it now would indicate the largest retracement. 

The macro backdrop is also exerting pressure: declining exchange reserves limit supply but do not supply enough fuel for bullish continuation. It may not be a temporary decline; rather it may signal the start of a complete reversal from the highs if bulls are unable to quickly regain ground above the 26 EMA. The setup is straightforward: either hold the 26 EMA or run the risk of falling to the 50 EMA. What happens to Bitcoin at this turning point will determine its future in the near future. A wider corrective phase may be replacing the ATH euphoria if it fails to hold.

Solana goes down

Solana just gave the market a shocking revelation and not in a positive way. SOL appears to be at the beginning of a death spiral after plunging below the 50 EMA following weeks of comparatively stable conditions. Breaking this crucial technical level indicates that the bulls have lost control and that momentum has broken not just that there has been a dip. This breakdown has created the opportunity for a potential move toward $105 which if it materializes could signal a serious decline in market confidence. 

Not only is the drop itself worrisome but the way it occurred is also concerning: the convergence of moving averages is creating a dismal image. EMA’s are curling downward and converging instead of fanning out in a bullish pattern which usually comes before more severe downside movements. What’s particularly concerning is how abrupt and decisive the action was. 

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There was only a straightforward severe rejection of the 50 EMA no slow bleed no hesitation. This type of action not only frightens individual traders but also compels institutional players to reconsider their short-term strategy. The path of least resistance is down unless there is an abrupt and significant reversal because momentum is evaporating quickly. 

A recovery now appears increasingly unlikely. Bullish conviction and a huge volume inflow are necessary for SOL to recover lost ground and neither appears to be present. Rather the $105 level is the next price action magnet and the market seems to be preparing for more losses. Solana may not only be about to undergo a correction if the current structure holds but it may also be about to enter a long period of bearishness that will put even the most optimistic holders to the test.



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Shiba Inu (SHIB) to Add Another Zero? Bitcoin (BTC) Signals New ATH Reversal Now, Ethereum (ETH) Trapped
GameFi Guides

Shiba Inu (SHIB) to Add Another Zero? Bitcoin (BTC) Signals New ATH Reversal Now, Ethereum (ETH) Trapped

by admin


  • Bitcoin’s recovery chances
  • Ethereum is stuck

With the meme coin chart screaming red as it breaks below important support levels, Shiba Inu is on the verge of adding another dreaded zero to its price. SHIB is now trading at $0.0000133, down about 4% for the day, and that is not even the worst part. A technical line that has been the last vestige of support for SHIB in recent months, the 50 EMA has clearly broken below, and this is the most concerning indication.

In the $0.0000120-$0.000009 range, SHIB may easily test the early 2025 lows if this breach becomes a sustained move. Retail traders who had been hoping for a recovery will suffer a psychological blow at that point, as it would add another zero to its price. With selling volume increasing and the RSI drifting lower, the volume profile is similarly dismal, indicating that momentum is currently on the side of the bears. 

SHIB/USDT Chart by TradingView

The chance of seeing $0.000009 increases daily if SHIB does not swiftly recover the 50 EMA and push back above $0.0000145-$0.0000150. Adding another zero would have a significant negative impact on investor sentiment in addition to being a technical failure. Because Shiba Inu thrives on speculation and hype, price erosion of this kind can quickly deplete liquidity and cause even the most loyal retail bag holders to rethink their wagers.

At the moment, the meme coin is trapped in a range of waning optimism, so any brief recovery should be viewed as a reprieve. Watchfulness is necessary until SHIB can regain lost ground and close above the 50 EMA. The failure of $0.0000120 could result in a severe decline to $0.000009, which would transform the present bearish mood into complete hopelessness.

Bitcoin’s recovery chances

The recent price movement of Bitcoin is offering a traditional setup that traders ought to be closely monitoring. Bitcoin is currently testing the 26 EMA as a possible support level after rising to new local highs around the $110,000 mark. Bitcoin dropped from its most recent peak and formed a string of red candles, indicating a significant loss of momentum from the highs in the price performance over the last few days.

This is normal behavior when the market needs to calm down following a strong rally, but the emerging candlestick pattern tells the true story. Here, we are witnessing a possible candlestick reversal. A notable lower wick on the most recent daily candle indicates that buying pressure is returning as Bitcoin tests the 26 EMA support zone. Usually this long-tailed doji-like pattern indicates that buyers are prepared to defend these levels as sellers are losing control.

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Put differently, this might mark the beginning of a brief reversal from the current decline. With the 26th EMA at $104,000 and additional important support at $99,800-$100,000, Bitcoin is currently trading at about $106,000. 

Bitcoin might swiftly rebound to retest the $110,000 range in the upcoming sessions, if not surpass it, if this reversal pattern holds. There is a genuine chance of a deeper retracement toward the 50 EMA, which is around $95,000, if support at the 26 EMA fails. As a result, the market would probably be able to shake out weaker players and reestablish a stronger foundation for future attempts to reach new highs.

As of right now, the reversal candlestick offers hope that Bitcoin’s bullish trend is still going strong, but the coming days will be crucial. For confirmation, traders should keep an eye on the price movement and volume levels surrounding the 26 EMA. With this technical pattern supporting it, Bitcoin might be poised for another leg higher if buying pressure increases. 

Ethereum is stuck

A narrow ascending channel that has been gradually pushing prices higher is the tight and distinct trading pattern that Ethereum is displaying. Despite its initial bullish appearance, this is beginning to feel like a trap. ETH is currently trading at about $2,690 with resistance close to $2,850 and support at the $2,500 mark. ETH has been steadily rising as the channel itself has been developing for a few weeks. A breakout is not exactly supported by the volume profile, though. 

Actually, over the past week volume has been gradually dropping, which suggests that traders are not very confident. Because it raises the possibility that the current channel is running out of steam, this decreasing volume is concerning. We may witness a brief decline to the $2,400 region if ETH breaks below this channel’s lower trendline; if that does not happen, $2,100 is the next reasonable target. 

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However, it might also mean that the market is finally waking up and getting ready for another leg higher if ETH is able to break through the $2,850 barrier. Not to be overlooked is the larger context. 

Although the 50 and 100 EMAs are displaying some compression around the current price levels, ETH is still recovering from a protracted and agonizing downtrend. The market is waiting for a significant event to occur, which is a classic indication of indecision. ETH is currently trapped in this channel, but it will eventually break free. Pay attention to those critical resistance and support levels. ETH will probably set the tone for the next significant move once it exits this channel either upward or downward.



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Chart of the week: XRP price trend reversal likely, could lead with double-digit gains 
NFT Gaming

XRP trend reversal likely, could rally in double-digits

by admin



XRP price is down 2% on the day and nearly 9% over the past seven days, extending its losing streak. The altcoin’s decline has been influenced by legal uncertainty in the Securities and Exchange Commission’s lawsuit against Ripple and the $50 million settlement figure. Bitcoin’s ongoing consolidation may also be contributing to indecisiveness among traders.

XRP price forecast 

XRP is currently consolidating under the $2.36 level, which previously acted as key support. Technical indicators on the daily chart, specifically the RSI and MACD, support a bearish outlook for the XRPLedger’s native token.

XRP is currently 7.33% above its key support S1 at $2.0350, the 23.6% Fibonacci retracement of the decline from its 2025 peak of $3.4000 to the April low of $1.6134. 

A 14% rally could see XRP test resistance at $2.5067, the 50% Fibonacci retracement of the drop from the 2025 peak. 

XRP/USDT daily price chart | Source: Crypto.news 

Conversely, a 7.33% decline could send XRP to collect liquidity at $2.0350. If XRP gathers momentum, a recovery is likely once it sweeps liquidity at the support level.

The weekly price chart shows mixed signals. RSI is close to neutral while MACD flashes red histogram bars. XRP could either extend consolidation or break out, depending on the catalysts. The FVG on the weekly price chart is a bullish one, between $2.1743 and $1.6300, meaning that once XRP collects liquidity here, it could attempt a recovery.

In its upward trend, XRP could test resistance at R1, R2, and the psychologically important levels of $2.5067, $2.8000, and $3, respectively.

XRP/USDT weekly price chart | Source: Crypto.news 

XRP on-chain analysis 

On-chain data from crypto intelligence tracker Santiment shows that among four segments of XRP holders, the retail or smaller wallet investors with balances of 10,000 to 100,000 and 1 million to 10 million XRP tokens have shown consistent accumulation in the last two weeks.

In the same timeframe, XRP wallets holding between 10 million and 100 million XRP and over 100 million XRP tokens have shed their tokens, likely realizing gains or rotating capital from XRP to stablecoins or other tokens. 

This is typically not a bullish sign for the asset. However, if demand among segments holding smaller volumes is enough to absorb the selling pressure, it could prevent further decline in XRP price in the short term.

XRP supply distribution | Source: Santiment

Active addresses show a lack of participation from traders. Activity on the 24-hour timeframe is below average. The total number of holders has increased throughout 2025. However, consistent profit realization, as seen on the NPL metric, signals that selling pressure is piling up across exchange platforms.

Larger positive spikes in NPL can be considered a precursor to a sell-off in XRP. 

XRP on-chain analysis | Source: Santiment 

The Skull of Satoshi and XRP’s relationship with Bitcoin

Ripple CEO Brad Garlinghouse commented on the cross-border payment remittance firm’s donation of “the Skull of Satoshi,” an 11-foot-tall art installation by Benjamin Von Wong, a Canadian artist. Wong created the installation in collaboration with Greenpeace USA and unveiled it in March 2023.

Garlinghouse informed the XRP holder community on X that Ripple has donated the art piece to the Bitcoin community; it will be permanently on display at the Bitcoin Museum in Nashville.

While initially intended to critique Bitcoin’s power usage, the installation now represents the strength and adoption of BTC among corporates and retail investors, as miners shift to more sustainable alternatives over the years.

Garlinghouse shed light on the subject of similarities between Bitcoin and XRP and how the two cryptocurrencies have more in common than one may think.

The Skull of Satoshi was originally built to call attention to blockchain energy usage, and today it’s a symbol and reminder of Bitcoin’s incredible staying power to many around the world (including me!).

As crypto and blockchain technologies become widely used, respected and… https://t.co/BZfWui7xCF

— Brad Garlinghouse (@bgarlinghouse) May 28, 2025

Derivatives traders bet on XRP rally 

Derivatives data platform Coinglass shows that traders on Binance and OKX are placing more bullish bets on XRP than bearish ones. Measured by the long/short ratio, the bullish sentiment could support a price gain thesis for XRP.

On Binance, the long/short ratio is 3.33; on OKX, it is 2.43. While there is a 10% decrease in open interest, options volume and options open interest soared in the last 24 hours.

XRP derivatives data analysis | Source: Coinglass

Corporate giant’s $121 million XRP bet

As seen in a press release on Wednesday, May 28, VivoPower International PLC (VVPR on Nasdaq) reached an agreement with certain investors for the purchase and sale of an aggregate of 20,000,000 ordinary shares of the company for approximately $121 million.

The raised funds will be directed toward the launch of an XRP-focused digital asset treasury strategy. This includes building finance applications on the XRPLedger ecosystem and acquiring XRP for the company’s treasury holdings.

VivoPower’s $121 million XRP bet is a unique one at a time when most Wall Street giants are acquiring Bitcoin for their balance sheets.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.





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