Connect with us

Price analysis

Bulls Must Clear this $300M Hurdle to Reclaim $3.1 in March

Published

on


Ripple (XRP) price stabilized above the $2.10 mark on March 9 as the broader crypto market experienced renewed selling pressure following the latest U.S. Non-Farm Payrolls (NFP) report. The latest XRP liquidation data reveals a crucial bearish leverage cluster that could determine the next major price move.

Ripple (XRP) Stabilizes Above $2 as Markets Brace for Further Outflows

Ripple (XRP) price found strong support at the $2 level despite a sharp sell-off over the weekend. XRP traded as low as $2.08 on Sunday, marking a 22% decline in just 48 hours. However, bullish traders made a concerted effort to prevent a deeper breakdown, with XRP rebounding to $2.17 at the time of writing.

XRP Price ActionXRP Price Action
XRP Price Action

The broader crypto market has been weighed down by capital outflows following the U.S. NFP report. With bond yields climbing and inflation concerns resurfacing, risk assets like XRP continue to face macroeconomic headwinds. The 10-year U.S. Treasury yield surged to 4.3%, its highest level since November 2023, signaling that institutional investors are shifting funds toward fixed-income securities.

As tariff impacts on global trade begin to materialize, crypto markets could experience further volatility in March. This could put additional pressure on Ripple price, making its upcoming resistance battles even more crucial for traders seeking a bullish recovery.

XRP Bears Deployed $297M in Leverage at $2.70 Over the Past Month

XRP price action has been significantly influenced by market sentiment surrounding Donald Trump’s economic policies. While Bitcoin has seen heightened volatility, XRP traders have also adjusted their positions in anticipation of further regulatory shifts.

According to Coinglass data, bearish traders currently dominate the XRP derivatives market. Over the past 30 days, total long leverage positions amounted to $114 million, while short leverage stood at $372 million. This means that bearish sentiment has accounted for approximately 76.5% of leveraged positions, reflecting growing caution among traders regarding Trump’s policies and their potential impact on XRP prices.

Ripple (XRP) Liquidation map | Source: CoinglassRipple (XRP) Liquidation map | Source: Coinglass
Ripple (XRP) Liquidation map | Source: Coinglass

A closer look at the liquidation map reveals that of the active $372 million in short contracts, a significant $297 million is concentrated at the $2.70 mark. This level represents a major hurdle for bulls in the next recovery phase.

If XRP price approaches $2.70, bearish traders could deploy defensive measures, including increasing short positions or triggering liquidations, to suppress upward momentum. This could create a temporary resistance zone, making it difficult for bullish traders to push prices toward the next psychological target of $3.1.

For traders with a low-risk appetite, waiting for a confirmed breakout above $2.70 before entering major long positions could provide a safer entry strategy. A decisive move above this resistance would indicate a shift in market sentiment, potentially setting the stage for a sustained bullish rally.

XRP Price Forecast: $2.7 Resistance Looming large As Bears Gain Control

XRP price remains under pressure, leaning bearish as it struggles to hold above $2.18 following a 20% decline over the past two days. The chart reveals a decisive breakdown from its previous consolidation range, with the upper Donchian Channel boundary at $2.99 acting as a significant resistance level. The midline at $2.47, now breached, suggests a shift in market structure that could make further downside likely unless bulls reclaim higher ground.

XRP Price ForecastXRP Price Forecast
XRP Price Forecast

The RSI at 43.23 signals weakening momentum, hovering just above oversold conditions. A continued drop below 40 could invite further selling pressure, with XRP potentially testing support at $1.95. However, if buyers step in, a move above $2.47 would be the first bullish confirmation, with the $2.70 level posing a critical hurdle due to leveraged short positions.

The volume spike to 809 million in the past two days suggests increased participation, yet the dominance of red candles indicates bearish control. Should XRP fail to reclaim $2.47 quickly, the likelihood of another leg down remains high. However, a break above $2.70 could trigger short liquidations, fueling a rally toward $2.99.

Frequently Asked Questions (FAQs)

XRP faces a critical resistance at $2.70, where $297 million in short leverage positions could stall its recovery rally.

Bearish sentiment dominates, with 76.5% of leveraged positions being shorts, largely due to macroeconomic uncertainty and Trump’s policies.

Traders may wait for a decisive break above $2.70 before entering long positions to confirm bullish momentum.

✓ Share:

ibrahim

Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Pi Network

Can Pi Network Price Triple if Binance Listing is Approved Before March 2025 Ends?

Published

on


Pi Network price stabilised just above the $1.50 mark on March 15. For PI to triple by the end of March 2025, it would need to reach around $5.55, within a two-week timeframe. Here are key potential PI market catalysts and insights to watch as the month unfolds.

Recent analysis reveals that PI has undergone significant volatility. After reaching a high of $3.01 last week, the price has dropped by over 40%, reflecting a typical boom-and-bust cycle common in emerging cryptocurrencies.

However, recent bullish momentum across the broader crypto market, following favourable U.S. CPI and PPI reports, has reignited interest in digital assets, including PI.

Volume analysis further supports the possibility of a price rebound. Over the past 72 hours, trading volume has steadily increased, signalling renewed market interest.

Rising volume typically indicates strong buying pressure, reinforcing the probability of a short-term price breakout.

Why is PI Network Price Going Up?

One of the biggest driving factors behind PI’s price action is speculation regarding a potential Binance listing. Over the past few months, PI has secured listings on CoinGecko, CoinMarketCap, and other major price-tracking platforms. These listings have boosted awareness, leading to increased demand.

PI Network Price Action, March 15 | CoinMarketCapPI Network Price Action, March 15 | CoinMarketCap
PI Network Price Action, March 15 | CoinMarketCap

As depicted above, PI currently ranks 11 largest cryptocurrency network by market cap, surpassing $10.5 billion at the time of writing.

Many traders and analysts believe that PI remains undervalued due to its absence from Binance, the world’s largest crypto exchange. If PI listing on Binance materialises in March, it could trigger substantial inflows from institutional and retail investors.

PI Network Price Projections 2025

According to CoinMarketCap insights, PI has the potential to cross the $50 mark in 2025. Meanwhile, CoinCodex offers a more conservative projection, forecasting a 101.79% increase, which would push PI to $5.64.

While these forecasts highlight PI’s upside potential, strategic traders remain aware of the broader market risks.

PI Network Price Prediction, 2025 | CoinMarketCapPI Network Price Prediction, 2025 | CoinMarketCap
PI Network Price Prediction, 2025 | CoinMarketCap

With altcoin ETFs dominating crypto market discourse, there’s a real possibility that an approval verdict from the U.S. SEC could divert investor attention and liquidity away from PI. Assets like XRP, SOL, and ADA—each with ongoing ETF filings—could see increased institutional inflows, potentially draining PI spot demand.

Binance Listing Could Spark a Parabolic Rally

Having already secured listings on major crypto exchanges Bitget and OKX, the potential Binance listing would place PI in the spotlight, dramatically increasing demand. If the listing materializes in March 2025,

A confirmed Binance listing could act as a game-changer for PI. Several key factors could contribute to a parabolic rally:

  • Exchange Liquidity: Binance’s deep liquidity and global reach could significantly enhance PI’s trading volume, increasing price stability and reducing volatility during rallies.
  • Ecosystem Expansion: Exchange listings often attract new partnerships, institutional investors, and developers, leading to broader adoption.

In essence, if PI Network’s listing on Binance materialises, PI’s chances of reaching $5.55 would increase significantly.

PI Network Technical Analysis: $4.5 Breakout Could Validate Triple Gains Forecast

For PI to triple from $1.49 to $4.47-$5.55, it must first clear several key resistance levels:

  • $1.58 (Middle Bollinger Band): A move above this level signals a bullish trend shift.
  • $1.91 (Upper Bollinger Band): Breaking this resistance confirms upward momentum.
  • $2.50 (Historical Resistance): Historically significant level that has posed a major barrier to previous rallies.
  • $3.00 (Psychological Resistance): A surge past $3.00 milestone price level would reinforce a move toward $4.50-$5.55.
PI Network Price ForecastPI Network Price Forecast
PI Network Price Forecast

However, failure to hold $1.25 (Lower Bollinger Band) or a breakdown below $1.00 could delay or invalidate bullish projections. Ultimately, market catalysts, adoption rates, and overall sentiment will dictate whether PI achieves this ambitious price target before March 2025 ends.

Frequently Asked Questions (FAQs)

A Binance listing could significantly boost PI’s price, but reaching $5.55 depends on broader market conditions, adoption, and investor demand.

Key resistance levels include $1.58, $1.91, $2.50, and $3.00. A breakout above $4.50 would validate the potential for triple gains.

Major risks include lack of Binance listing, competition from ETF-approved altcoins, overall market downturns, and failure to hold key support levels.

✓ Share:

ibrahim

Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

layer 1

Solana price slowly forms a rare pattern: can SOL surge 270%?

Published

on


Solana’s price has come under pressure over the past two months amid growing concerns about its ecosystem.

Solana (SOL) has dropped from its year-to-date high of $295.52 to a low of $112 this week, wiping out $71 billion in market value as its market cap plunged from $139 billion to $68 billion.

Solana’s crash was because of the ongoing crypto crash that has brought the total market cap of the whole industry to $2.8 trillion.

The price drop has also been fueled by rising concerns about Solana’s ecosystem, which has become increasingly linked to meme coins. The market cap of all Solana meme coins tracked by CoinGecko has fallen from over $25 billion earlier this year to $7.7 billion. A key concern is that many of these meme coins have turned out to be rug-pull scams.

Another factor weighing on Solana’s price is a large token unlock that took place earlier this month, tied to recent FTX distributions. A token unlock introduces more tokens into circulation, leading to potential dilution and downward pressure on price.

Solana has also lost its market share in the DEX industry to Ethereum (ETH). According to DeFi Llama, the total volume handled by DEX protocols in the network in the last 30 days stood at $76.95 billion, lower than Ethereum’s $84 billion.

Solana price technical analysis

solana price
SOL price chart | Source: crypto.news

On the positive side, signs suggest that Solana could stage a strong comeback once the current crypto crash eases.

The weekly chart shows that the accumulation and distribution indicator has continued rising over the past few months, signaling that investors have been accumulating SOL during the downturn.

Most importantly, Solana has been forming a cup-and-handle pattern, a bullish formation characterized by a rounded bottom, a horizontal resistance line, and a pullback.

In Solana’s case, the horizontal line connects the highest levels from 2021 and 2024. The ongoing retreat represents the formation of the handle section. If Solana holds above $100, there’s a strong likelihood that it could stage a rally.

The cup has a depth of about 95%. Measuring that same distance from the top of the cup suggests an eventual surge to $505, implying a 270% increase from current levels.

The key caveat is that cup-and-handle patterns take time to complete, meaning that the 270% surge could take months or even years. For example, it took three years for the cup section to form.



Source link

Continue Reading

Ethereum price

Ethereum Price Big Rebound? Why ETH and This New Coin Could Be 2025’s Top Performers”

Published

on


Ethereum (ETH) has had a rough ride recently, plunging 28% last month and falling below $2,000 in the recent crypto market crash.. investors wondering whether ETH can stage a comeback as it currently trades at $1,874.97, some critical indicators suggest a rebound could be on the horizon. From whale accumulation to technical signals and rising market interest, Ethereum price may be gearing up for a major rally. At the same time, a new coin – Rexas Finance (RXS), a promising Ethereum-based token, is gaining traction. With a record-breaking presale and growing investor confidence, RXS is currently priced at $0.20, with its launch price set at $0.25 on June 19, 2025. Both ETH and RXS are positioning themselves as top contenders for the biggest crypto gains in 2025. Let’s dive into why.

3 Reasons Ethereum Price Could Rally Soon

The following are reasons why ETH price is poised to surge soon.

  1. Whales Are Accumulating Ethereum

Recently, Ethereum whales have been aggressively buying the ETH price dips while adding a total of 1.1 million coins within just 48 hours. This signals a potential rebound, due to increased confident in the leading altcoin. History records that, whenever whales accumulate during price declines, it often results into price recovery in the days that follow.

As institutional investors look for cheaper entry opportunities, the current Ethereum price of $1,874.97 may be seen as undervalued, setting the stage for a significant rally.

Ethereum price chartEthereum price chart
Ethereum price chart
  1. Ethereum Price RSI Suggests a Bullish Reversal

Ethereum’s RSI is currently about 22, much below the 30 mark. This implies that ETH is oversold, so selling pressure has been too high, and a reversal could be about to happen. For traders trying to profit from a possible bounce, an RSI falling to such low levels usually indicates a strong buying possibility.

Historically, Ethereum’s RSI falling below 30 has typically signaled a major price comeback. For instance, past cases of ETH exceeding sell conditions have resulted in a price recovery of 20% or more in the following weeks. Ethereum is presently in a similar state; hence, a relief rally might be imminent as buyers retreat to benefit from the lowered prices.

  1. Rising Social Dominance and Trading Volume

Technical analysis isn’t the only factor backing Ethereum’s comeback potential. Its growing market presence adds weight to this possibility. Santiment, an on-chain analytics company, reports that ETH now makes up 9.2% of all crypto talks.

This boost in attention shows that traders, analysts, and investors are keeping a close eye on Ethereum. More discussion and interest often come before price changes, as this buzz tends to draw in new buyers.

Also, Ethereum stays one of the most traded assets on platforms like Coinbase, which points to steady demand even during the market slump.

Rexas Finance (RXS): The Rising Star Poised for Explosive Growth

As Ethereum price prepares for a possible recovery, another asset is causing a stir in the cryptocurrency market—Rexas Finance (RXS). As a token on the Ethereum network aimed at  tokenization of real-world assets (RWA), RXS is rapidly gaining popularity in anticipation of its forthcoming exchange launch.

Now priced at $0.20 in its last presale phase, the RWA token has successfully raised an impressive $47.01 million, with 91.02% of this round already sold. RXS will debut at $0.25 on June 19, 2025, representing an important achievement for early investors who have experienced increases exceeding 500%.

Rexas Finance tokenomicsRexas Finance tokenomics
Rexas Finance Tokenomics

Reasons Investors Are Attracted to RXS

  • Notable presale results: The high level of interest in RXS as a new cryptocurrency while in its presale phases, emphasizes investor trust in its future prospects.
  • Whale interest: A significant recent acquisition of $85,000 in RXS reinforces the token’s increasing attraction to wealthy investors.
  • $1 Million Giveaway: The project’s tactical marketing, featuring a $1 million giveaway with more than 1.6 million participants, has created significant excitement, drawing in both retail and institutional investors.
  • RWA tokenization: As the tokenization of real-world assets gains traction in the crypto world, RXS stands out as a key contender in this area, establishing itself as one of the most promising tokens for 2025

Final Thoughts: ETH and RXS-A Perfect Pair for 2025?

As Ethereum price gets ready for a possible price upturn, the mood in the wider crypto market will get better. This could help promising projects like Rexas Finance (RXS). Analysts anticipates that Ethereum’s comeback might spark a strong rally in other coins, and RXS, with its solid foundations, could be a big winner. Big investors are buying up ETH technical signs are good, and market interest is growing. All these point to a bright future for ETH. RXS is riding the wave of Ethereum’s network success. Both these assets could end up as some of the top performers in 2025. If you’re looking for chances to make big gains, watching Ethereum’s recovery and Rexas Finance’s upcoming launch could be a smart move that changes the game.

Frequently Asked Questions (FAQs)

ETH’s whale accumulation, low RSI, and rising social dominance suggest a strong price recovery ahead.

RXS is leading in real-world asset tokenization, raised $47M in presale, and has a $1M giveaway boosting investor interest.

RXS is set to launch at $0.25 on June 19, 2025, following its highly successful presale phase.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading
Advertisement [ethereumads]

Trending

    wpChatIcon