Story (IP) and The AI Prophecy (ACT) token saw a massive 20% crash and subsequent rebound earlier today. The exact trigger is unclear, but the pattern has been linked to high trade volumes on Binance Futures.

Despite the recovery, the sudden drops were concerning, as MANTRA’s OM token crashed 90% yesterday, and its co-founder blamed Binance.

ACT and IP, two largely unrelated token projects, saw similar patterns of crashing and rebounding at the same time. The exact trigger is unclear, but the pattern has been linked to high trade volumes on Binance Futures.

Why Did ACT and IP Suddenly Crash and Rebound?

Binance Futures is a popular trading platform launched by the world’s largest crypto exchange, and its listings can spike the prices of various assets.

Today, however, the community is left with many questions, as speculation on Binance Futures apparently caused ACT and IP to tank in price.

ACT is an AI token, and IP aims to put intellectual property on the blockchain. Both of these tokens plummeted rapidly, by 27% and 21.5%, respectively.

However, they both managed to shoot back up after, with ACT even having a net 24-hour growth of 2.5%. IP has been a top-performing asset for several months, and its sudden drop sparked fear among holders. The subsequent recovery suggested the volatility was short-term.

According to Coinglass data, over 1.27 million ACT futures trades were executed on Binance—more than double the second-highest exchange, BingX. Binance also holds over $20.4 million in ACT futures open interest.

This concentration makes Binance a critical price discovery engine. When large positions are quickly liquidated—often triggered by stop-losses, margin calls, or algorithmic trading—it can create an outsized impact on underlying token prices.

Futures markets now frequently surpass spot markets in volume and velocity. While this enhances liquidity, it also increases fragility.

A liquidation cascade—where long positions are forcefully closed due to declining prices—can accelerate downward momentum. Today’s synchronized drop in both IP and ACT suggests that excessive leverage and crowded positions may have triggered such a cascade on Binance.

These moves reaffirm that token prices, particularly for emerging or mid-cap assets, are increasingly shaped by derivatives markets. As more projects are listed on futures platforms early, volatility driven by short-term positioning rather than long-term value creation is becoming the norm.

XRP is up 22% in the past seven days, with its price reclaiming ground above the $2 mark for the first time in months. The rally has sparked renewed interest, with technical indicators flashing signs of both strength and caution.

Momentum has cooled slightly, as shown by the RSI pulling back from near-overbought levels, but the broader setup remains bullish.

XRP RSI Has Cooled After Nearing Overbought Levels

XRP’s Relative Strength Index (RSI) is currently at 60.5, marking a notable cooldown from yesterday’s 67.8.

This comes after a sharp rise from 34.7 just six days ago, indicating that XRP recently went from oversold conditions to near-overbought levels before pulling back.

The move suggests a rapid shift in momentum that may now be stabilizing, potentially reflecting short-term profit-taking after a strong rally.

The RSI is a momentum oscillator that measures the speed and change of price movements, typically on a scale of 0 to 100.

Readings below 30 are considered oversold, suggesting potential undervaluation or exhaustion in selling pressure, while readings above 70 indicate overbought conditions, often signaling a possible correction or slowdown.

With XRP’s RSI now at 60.5, it sits in a neutral-to-bullish zone.

This level may suggest that while the recent bullish momentum has cooled, there could still be room for upside if buying interest resumes — but it also means the asset is no longer in an ideal “undervalued” zone for fresh entries.

XRP Ichimoku Cloud Shows a Bullish Setup

The Ichimoku Cloud for XRP currently shows a bullish setup, with the price positioned above both the blue conversion line (Tenkan-sen) and the red base line (Kijun-sen).

This alignment indicates that short-term and medium-term momentum remains in favor of the bulls. The leading span A (green cloud boundary) is above leading span B (red cloud boundary), forming a green cloud ahead—a classic sign of a bullish trend continuation.

Moreover, the price has stayed above the cloud for several sessions, reinforcing the positive momentum.

However, the narrowing gap between the Tenkan-sen and Kijun-sen, along with the flatlining of both lines, suggests that bullish momentum may be pausing or weakening in the short term.

If the price continues to consolidate sideways while staying above the cloud, it may indicate a healthy consolidation before a potential continuation higher.

But a drop below the Kijun-sen could trigger caution, as it would suggest a shift in momentum. For now, the overall cloud structure remains supportive of a bullish bias unless a deeper pullback pushes the price back into or below the cloud.

Will XRP Rise To Test $2.50 Soon?

XRP’s EMA lines are tightening, hinting at a potential golden cross formation — a bullish signal that occurs when the short-term EMA crosses above the long-term EMA.

This setup often marks the beginning of an upward trend, especially when supported by strong volume and positive momentum.

If the Golden Cross confirms, it could act as a catalyst for the XRP price to push toward higher resistance levels. The next key area to watch is around $2.23.

A clean breakout above that level could open the path toward $2.50, as bullish traders gain confidence.

However, the momentum needs to hold. If buying pressure fades and XRP fails to sustain its climb, a pullback could occur, with $1.96 acting as the first key support to monitor.

A breakdown below this level could shift sentiment bearish in the short term, potentially dragging the price down toward $1.61.

Cardano (ADA) is up 10% over the past seven days, with its market cap reaching $23 billion and daily trading volume approaching $700 million. This surge in momentum has brought renewed attention to ADA, as key indicators begin to align in favor of a potential breakout.

The ADX has crossed the crucial threshold signaling trend strength, and whale activity is showing early signs of recovery after hitting a yearly low. With a golden cross formation also on the horizon, ADA could be gearing up for its next major move.

Cardano ADX Shows The Uptrend Could Get Stronger

Cardano’s ADX (Average Directional Index) has climbed to 25.97, rising sharply from 17.41 just two days ago. This significant uptick suggests that ADA’s price action is gaining strength, with early signs pointing toward a developing uptrend.

The increase in ADX reflects growing momentum behind the recent moves. That potentially signals that the asset is transitioning out of a low-volatility consolidation phase into a more directional trend.

The ADX is a technical indicator used to measure the strength—not direction—of a trend, typically on a scale from 0 to 100.

Readings below 20 indicate a weak or non-existent trend, while values above 25 suggest a strengthening trend. With ADA’s ADX now at 25.97, the indicator has crossed the key threshold that separates choppy, indecisive price action from a more structured directional move.

This shift could mean that Cardano is in the early stages of a sustained uptrend, especially if supported by rising volume and other bullish signals in the coming sessions.

ADA Whales Are Buying Again

The number of Cardano whale addresses—those holding between 1 million and 10 million ADA—fell steadily from April 6 to April 12, dropping from 2,418 to 2,384. That market its lowest level since February 2023.

However, a slight rebound occurred yesterday, with the count rising modestly to 2,389.

While this uptick may hint at renewed accumulation, the overall number remains significantly lower compared to recent weeks, suggesting that major holders are still showing caution.

Tracking whale activity is crucial because these large holders can exert considerable influence over price movements due to the sheer size of their positions.

A steady decline in whale wallets typically indicates reduced confidence or profit-taking. On the other hand, an increase can signal accumulation and potential upward pressure on price. Although the latest rebound in ADA whale numbers is a positive sign, the total remains relatively subdued.

This could mean that, despite ADA’s attempts to form an uptrend, large players are not yet fully convinced of its sustainability. This would limit the strength of any immediate breakout unless more whale accumulation follows.

Cardano Could Form A Golden Cross Soon

Cardano’s EMA lines are gradually aligning in a way that suggests a potential golden cross could form soon.

If this crossover is confirmed, it may give Cardano price the momentum needed to test resistance around $0.709.

A successful breakout at that level could push the price higher toward the next target at $0.77.

However, Cardano remains in a delicate position, currently trading just above two nearby support levels at $0.629 and $0.61. If either of these levels is tested and lost, it could invalidate the bullish setup and trigger renewed selling pressure.

A breakdown below both supports would likely reverse the current momentum, with ADA potentially sliding toward $0.51.