XRP has dropped below $2, declining 17% over the past week. However, despite the bearish trend, on-chain data indicates a surge in network activity, raising questions about the underlying market sentiment.

With a pending final decision on the Ripple lawsuit expected a month later, on April 16, the XRP community might be holding on despite the macroeconomic downturn. 

XRP Active Addresses Have Tripled in Two Weeks

According to on-chain data from Glassnode, from February 21 to March 10, the number of active XRP addresses more than tripled. 

On February 21, XRP had 89,606 active addresses, but by March 2, this figure had spiked to approximately 543,000. 

Although there was a minor dip afterward, active addresses rebounded to 531,000 on March 7. As of March 10, XRP still maintains over 370,000 active addresses—far above its previous levels.

At the same time, XRP’s exchange outflows from Binance have significantly declined. On March 7, over $465 million worth of XRP left Binance, marking the highest daily outflow in a month. 

However, in the past three days, outflows have sharply decreased, suggesting a slowdown in large-scale withdrawals from the exchange.

The divergence between price action and network activity raises key questions about market sentiment. 

A surge in active addresses typically indicates heightened user engagement, suggesting growing demand or increased transaction volume.

However, the decline in Binance outflows may signal reduced accumulation pressure or hesitation among investors to move assets off centralized platforms. This is often interpreted as uncertainty about price direction.

Some analysts argue that XRP’s price decline, despite resilient network participation, could point to short-term speculative trading rather than fundamental weakness. 

Meanwhile, the drop in exchange outflows may indicate traders holding onto their assets rather than exiting. 

Still, without a corresponding price rally, it suggests an equilibrium where neither buyers nor sellers have a decisive advantage.
While the data reveals strong activity on the XRP Ledger, the market remains in flux.

Whether this heightened engagement translates into future price recovery or continued consolidation remains to be seen.

Pi Network (PI) is down more than 19% in the last seven days, continuing its correction while trading below $2 since March 1. Selling pressure remains dominant, with indicators like the DMI and CMF signaling further downside risks.

PI’s EMA lines also suggest a potential death cross, which could lead to a deeper decline toward $0.95 if key support levels break. However, if momentum shifts and buyers step in, PI could attempt to reclaim $2 and possibly push toward new all-time highs above $3.

Pi Network DMI Shows Sellers Are Still In Control, Despite The Buying Pressure Yesterday

PI Directional Movement Index (DMI) shows that its Average Directional Index (ADX) has surged to 34.29, up from just 8.97 two days ago.

This sharp increase indicates that the current price trend – whether bullish or bearish – is gaining strength. Given the recent volatility, traders are closely watching whether PI will sustain its momentum or see another shift in trend direction.

ADX measures the strength of a trend on a scale from 0 to 100, with values above 25 indicating a strong trend and above 50 suggesting an extremely strong trend.

Meanwhile, PI’s +DI (positive directional index) is at 11.37, down from 17.7 two days ago but recovering from 7.14 yesterday. This signals weak but slightly improving bullish attempts.

At the same time, -DI (negative directional index) is at 30.57, up from 19.5 two days ago but lower after reaching 46.6 yesterday.

This suggests that while selling pressure remains dominant, bears may be losing some momentum, leaving room for potential stabilization or a short-term bounce.

PI CMF Is Reaching All-Time Lows

Pi Network Chaikin Money Flow (CMF) is currently at -0.19, dropping from 0.03 just a day ago. This sharp decline indicates a significant shift in capital flow, suggesting that selling pressure has increased quickly.

A few hours ago, PI’s CMF reached -0.21, marking its lowest level ever. This highlights the intensity of the recent outflows.

CMF is an indicator that measures the volume-weighted flow of money in and out of an asset, ranging from -1 to 1. Positive values indicate buying pressure, while negative values suggest increasing selling pressure.

With PI’s CMF now at -0.19, close to its all-time low, it signals that sellers are in control, potentially driving the price lower. Unless buying activity returns, PI could remain under pressure, struggling to regain bullish momentum.

Will Pi Network Fall Below $1 In March?

Pi Network price is currently trading between a key resistance at $1.51 and a support level at $1.23, with its EMA lines signaling a bearish trend. A potential death cross may form soon, which could accelerate selling pressure.

If this bearish crossover happens and PI loses the $1.23 support, it could drop further, potentially reaching as low as $0.95.

However, if PI manages to regain an uptrend, it could first test resistance at $1.51, with a breakout opening the door for a move toward $2.

A stronger rally could push PI above $3 for the first time, making new all-time highs, despite recent criticism from the Bybit CEO.

Cardano (ADA) is facing intense selling pressure, dropping nearly 10% in the last 24 hours and almost 29% over the past week. Since its inclusion in the U.S. strategic crypto reserve, ADA has fallen 39%, struggling to regain bullish momentum.

Indicators like BBTrend and DMI show that bearish sentiment remains strong, with sellers still in control. If the current downtrend continues, ADA could test key support levels, but a reversal could push it back toward major resistance zones.

ADA BBTrend Shows the Selling Pressure Is Getting Stronger

Cardano BBTrend indicator is currently at -19.52, continuing its decline since yesterday. Earlier this month, from March 5 to March 8, BBTrend remained positive, reaching a peak of 31 on March 6.

This shift from positive to negative territory suggests a weakening bullish trend, with increasing downside pressure on ADA price. Traders are now watching whether this decline continues or if ADA can regain momentum.

BBTrend, or Bollinger Band Trend, is an indicator that measures price trends based on Bollinger Bands. It shows whether an asset is in a strong, bullish, or bearish phase. When BBTrend is positive, it suggests strong upward momentum, while negative values indicate growing selling pressure.

With ADA’s BBTrend now at -19.52, it signals increasing bearish sentiment, suggesting the price could continue declining unless buyers step in. If the downtrend persists, ADA may test key support levels in the coming days.

Cardano DMI Shows Sellers Are Still In Control

Cardano Directional Movement Index (DMI) chart shows that its Average Directional Index (ADX) has risen to 34.5, up from 26.6 yesterday. This increase suggests that ADA’s current trend – whether bullish or bearish – is gaining strength.

Given that ADA is in a downtrend, the rising ADX indicates that selling pressure is intensifying, making it more difficult for the price to reverse in the short term.

ADX measures the strength of a trend on a scale from 0 to 100, with values above 25 indicating a strong trend and above 50 suggesting an extremely strong trend.

Meanwhile, ADA’s +DI (positive directional index) has climbed to 12 from 9.6 yesterday but is slightly down from 13.8 a few hours ago, indicating weak bullish attempts.

At the same time, -DI (negative directional index) is at 29, lower than yesterday’s 32.3 but rising from 25.2 a few hours ago.

This suggests that while sellers still control the trend, some short-term pullbacks are occurring. If -DI remains dominant and ADX continues rising, ADA’s downtrend could extend further.

Will Cardano Fall Below $0.60?

Cardano EMA lines indicate that a potential death cross could form soon, signaling a bearish momentum.

A death cross occurs when a short-term EMA crosses below a longer-term EMA, often leading to increased selling pressure.

If this bearish crossover happens, ADA price could decline further, with the $0.58 support level becoming a key area to watch. A breakdown below this level could trigger even deeper losses.

However, if buyers regain control and ADA can reverse its trend, the price may rise toward the $0.818 resistance level. A breakout above that could open the door for further gains toward $1.02 and even $1.17 if momentum strengthens.