XRP price has dropped nearly 4% in the last 24 hours and is down 21% over the past 30 days, bringing its market cap to $144 billion. The decline comes as key technical indicators flash warning signs, with the Chaikin Money Flow (CMF) hitting its lowest level since June 2022 and active addresses dropping by 53% in the past month.

Additionally, XRP’s EMA lines are forming a death cross, signaling the potential for further downside if the trend continues. With momentum weakening, XRP now faces a critical moment, as traders watch whether the price stabilizes or risks a deeper correction.

XRP CMF Is Breaking Negative Records

XRP Chaikin Money Flow (CMF) has dropped to -0.27, continuing a steady decline from 0.30 three days ago.

The CMF indicator measures buying and selling pressure by analyzing both price and volume. Values above zero indicate accumulation, and below zero signal distribution.

A sustained decline in CMF suggests that selling pressure is increasing, with more capital flowing out of XRP than into it. This downward trend reflects weakening bullish momentum and could indicate that investors are offloading their positions.

This is XRP lowest CMF reading since June 2022, a concerning signal for price action. Historically, prolonged negative CMF levels have preceded extended downtrends, as they indicate persistent capital outflows.

If the indicator remains in negative territory or continues to decline, XRP could face further selling pressure, increasing the risk of deeper price losses.

However, if CMF starts recovering and moves closer to zero, it could suggest stabilization, giving bulls a chance to regain control. For now, XRP remains in a vulnerable position, with traders closely watching whether selling pressure will intensify or ease in the coming days.

XRP Active Addresses Corrected By 53% In the Last Month

XRP 7-day active addresses have plummeted to 190,470, marking a sharp 53% decline from the 407,000 recorded on January 20. This metric tracks the number of unique addresses involved in transactions over a seven-day period, serving as a key indicator of network activity and overall user engagement.

A drop of this magnitude suggests reduced participation from traders and investors, potentially signaling waning interest or lower transaction demand.

Such a decline can often coincide with weaker price action, as fewer active addresses generally mean lower liquidity and less on-chain activity driving market movements.

This is XRP’s lowest 7-day active address count since November 14, 2024, reinforcing concerns about declining user engagement. Historically, prolonged declines in this metric have preceded periods of price stagnation or downside pressure, as reduced network activity often reflects fading momentum.

If active addresses continue falling, it could indicate weakening investor confidence, making it harder for XRP to sustain any significant bullish moves.

However, if this metric stabilizes or starts rebounding, it could suggest a renewed interest in the asset, potentially supporting price recovery efforts. For now, XRP remains in a cautious phase, with traders monitoring whether activity will pick up or continue declining.

XRP Price Prediction: Will XRP Face a 29% Further Correction?

XRP’s EMA lines are forming a death cross, with short-term moving averages crossing below long-term ones, signaling a potential bearish trend.

A confirmed death cross often suggests that downside momentum is strengthening, increasing the likelihood of further XRP price declines.

If the sell-off intensifies, XRP price could test support at $2.33, and a breakdown below that level could trigger a 29% correction down to $1.77. Such a move would reinforce bearish sentiment and could lead to extended weakness unless buyers step in to defend key levels.

However, if XRP can reverse this trend and regain bullish momentum, it could challenge the $2.83 resistance level.

A successful breakout above this zone could pave the way for a rally toward $3.15. If momentum persists, XRP could push as high as $3.28, marking its first move above $3 in February 2025.

Story (IP) price has surged more than 10% in the last 24 hours as excitement builds around its newly launched mainnet. Story was one of the most anticipated crypto launches of the year, backed by $134 million in funding from investors like Andreessen Horowitz and Polychain Capital.

With strong momentum driving its price action, technical indicators suggest that IP is at an important point. Its market cap crossed $500 million before seeing a brief correction. Whether it continues its rally toward new highs or faces resistance and pulls back will depend on how traders react to key support and resistance levels.

Story ADX Shows the Uptrend Is Very Strong

Story is trending after the official launch of its Layer-1 mainnet, with its recent surge triggering a strong increase in ADX. The Average Directional Index (ADX), which measures trend strength regardless of direction, has climbed from 25 yesterday to 43 today.

Its price raised more than 11% in the last 24 hours, making it the best-performing altcoin of the day.

Typically, an ADX reading above 25 confirms a strong trend, while values below 20 indicate weak or choppy price action. The current rise suggests that momentum is picking up, with increased trading activity and a sustained directional move.

With ADX now at 43, the trend remains strong, reinforcing bullish sentiment. This means buyers are in control, and the price could continue its upward trajectory if momentum holds. If ADX continues rising, it could support further gains and signal an extended trend.

However, if ADX starts declining, it may suggest that Story (IP) momentum is fading, which could lead to consolidation or even a potential reversal.

A drop in ADX alongside price weakness would be an early warning of trend exhaustion, while a stabilization in ADX at high levels would indicate that the market is still in a strong phase.

IP BBTrend Is Still Very Positive, But Stable

IP’s BBTrend has remained positive for more than a day, reaching a peak of 14.3 before pulling back to 10.6. This comes after a strong recovery from its February 16 low, when it hit a negative peak of -29.

BBTrend (Bollinger Band Trend) is an indicator that measures price direction relative to its Bollinger Bands, helping to identify trend strength and potential reversals.

Positive values indicate bullish momentum, while negative values suggest a downtrend. Extreme readings often signal overbought or oversold conditions.

With BBTrend now at 10.6, the indicator remains in bullish territory, but its decline from 14.3 suggests that momentum is cooling off. This could mean that buying pressure is fading, leading to either a period of consolidation or a potential shift in trend.

If BBTrend stabilizes around this level, the uptrend may continue, but a further drop could indicate growing weakness. Traders will be watching closely to see if the pullback is temporary or the beginning of a larger move downward.

IP Price Prediction: Can Story Reach $2.30 Soon?

Story (IP), which is placing it between the intersection of Intellectual Property and Artificial Intelligence, is currently trading between a resistance at $2.12 and a support at $1.90, staying within a key price range. If the uptrend weakens and $1.90 is lost, the next major support lies at $1.79.

A continued downtrend could push the price further toward $1.58 or even $1.40, signaling a deeper correction. These levels will be critical in determining whether buyers step in to defend the trend or if selling pressure intensifies.

On the other hand, if the uptrend holds strong, the altcoin could test the $2.12 resistance. A breakout above this level could confirm bullish momentum and open the door for a move toward $2.20 or even $2.30.

In this case, buyers would remain in control, and price action could extend higher.

Reeve Collins, a co-founder of Tether, is creating a new stablecoin project called Pi Protocol. He hopes to democratize stablecoin minting and yield returns to incentivize new adoption.

Impending US stablecoin regulations may give Pi Protocol a crucial chance to succeed. Its smart contracts will put a high valuation on Treasury bonds, helping it build up reserves to comply where Tether’s USDT has failed.

Can Pi Protocol Compete Against Tether?

Reeve Collins has seen the stablecoin market change dramatically since co-founding Tether in 2013. He was the firm’s first CEO, selling it to the owners of Bitfinex in 2015. Currently, he remains an active and influential voice in the space.

Today, Collins announced that he’s backing a new stablecoin project to compete with Tether, dubbing it Pi Protocol.

“We view Pi Protocol as the evolution of stablecoins. Tether has been extremely successful in showcasing demand for stablecoins. But they keep all the yield. We believe 10 years later the market is really ready to evolve,” Collins said in an interview.

Pi Protocol will differentiate itself from Tether in a few key ways. Essentially, it will democratize the process of minting stablecoins through smart contracts. Tether currently has a monopoly on minting new USDT assets; Pi Protocol will allow users to submit their own collateral and receive yields themselves.

In this way, users are incentivized to power the system and keep it healthy.

Collins identified a few reasons that make this an ideal moment for Pi Protocol to overtake Tether. Essentially, it all comes down to stablecoin regulations. There’s growing pressure to make a new regulatory framework for these assets in the US, which could change everything for Tether.

Late last year, Tether had to exit the EU over MiCA, and US regulations may cause it further pain.

Regulations Remain a Critical Challenge for Tether

For years, Tether has repeatedly refused independent audits of its reserves, and Bitcoin makes up a huge chunk of them. Proposed regulations will demand that stablecoins have transparent reserves and hold a significant chunk of them in Treasury bonds.

So, Pi Protocol will hope to overtake Tether in compliance, demanding an over-collateralization ratio that highly values these bonds.

Also, the Pi Protocol will accept other forms of collateral than Treasury bonds. The company’s smart contract algorithms will carefully evaluate all submitted forms of collateral, and it will particularly incentivize using Treasuries to mint new tokens.

Several stablecoins tried to out-compete Tether in the EU with Mica, and Pi Protocol will try the same in the US.

“The so-called decentralized project is expected to debut on both the Ethereum and Solana blockchains in the second half of this year or sooner. No financial terms were disclosed,” Marty Folb wrote on X (formerly Twitter).

Another point of brand recognition may help Pi Protocol in this race. This project is completely unaffiliated with the Pi Network, which is currently one of the most popular projects in the crypto space.

Overall, Pi Protocol has many advantages that may help it eclipse Tether, but USDT has a firm grip on the global crypto market. The overall stablecoin market cap reached record highs this month, and USDT dominance remains strong at 63%.

To accomplish this goal, it will take a combination of luck, regulatory opportunities, and investor buy-in. For now, however, Collins seems determined to see it through.