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XRP Price Breaks Out—Is a Bigger Rally on The Horizon?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.



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Pi Network Pioneers Allege Bot Activity on CoinMarketCap

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Pi Network’s community sentiment poll on CoinMarketCap fell dramatically today, leading to allegations of bot activity. Negative votes swarmed the site’s poll, while other community ratings stayed positive.

However, there is no clear proof either for or against these claims. Pi Network has suffered criticism and price setbacks recently, and its supporters have swayed polls, votes, and ratings on multiple occasions.

Since its launch on February 20, Pi Network has seen more than its share of controversies. Critics have attacked its accessibility, governance, transparency, and more, and multiple governments have called it a scam.

Today, however, Pi supporters raised concerns about bot activity on CoinMarketCap after the token’s community sentiment plummeted:

“It looks like somebody is using bots to vote against PI. I am 99% sure this is not an organic poll. Over 1.94 Million votes is even bigger than the BTC vote. 77% of the PI community is bullish on CoinGecko. Why is it so different on CoinMarketCap?” a Pioneer asked on social media.

Specifically, this user noted that Pi’s community sentiment plunged 90% in less than a day and that this poll had more participants than Bitcoin’s.

Other platforms with a similar voting mechanism kept Pi’s rating steady, leading him to conclude that bot activity was involved.

Pi Community Sentiment Plummets
Pi Community Sentiment Plummets. Source: Moon Jeff

It’s very difficult to assess the veracity of these Pi Network bot allegations for several reasons. First of all, the token’s price has suffered dramatically this week.

Many users lost huge sums of Pi tokens after the KYC migration deadline, and massive investor sell-offs have triggered a price rout. Some of this negative sentiment may be genuine.

Additionally, it’s interesting that CoinMarketCap is the only platform involved in the Pi Network bot voting allegations. The firm refused to acknowledge Pi as one of the largest tokens by market cap, but it eventually relented.

Either the platform or its community could bear resentment towards Pi after these setbacks.

Furthermore, the community does have a reputation for vote brigading. Bybit’s CEO has repeatedly criticized Pi, and the token’s supporters review-bombed the Bybit app in response. They did a similar practice with Binance after the exchange delayed a Pi listing.

Ultimately, it seems very unlikely that disgruntled Pi supporters or committed haters spiked this poll without any bot activity. The negative votes came in absurdly fast, were isolated to one platform, and exceeded the votes for even the largest cryptoassets.

As of now, it remains challenging to find definitive proof either way.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Hyperliquid (HYPE) Might Hit $20 Amid Potential Golden Cross

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Hyperliquid (HYPE) is showing strong technical signals across multiple indicators, with the token surging more than 15% in the last 24 hours. The platform continues to demonstrate impressive market performance, generating $47 million in fees over the past 30 days and outperforming major blockchain networks like Ethereum and Solana.

Technical indicators suggest a potential golden cross formation, meaning HYPE could test $21 or even $25.80 in the coming period.

Hyperliquid Revenue Places It Among Top Protocols In Crypto

Hyperliquid is currently one of the most successful protocols in crypto. Over the past 30 days, it has generated an impressive $47 million in fees and recently reached $1 trillion in perps volume.

While this places it behind major players such as Jito, Pumpfun, and PancakeSwap in terms of monthly revenue, Hyperliquid has surpassed significant blockchain apps and chains, including Solana, Ethereum, Raydium, and Phantom.

Selected Protocols and Chains Revenue. Last 24 hours, Last 7 Days, and Last 30 Days.
Selected Protocols and Chains Revenue. Last 24 hours, Last 7 Days, and Last 30 Days. Source: DefiLlama.

What makes Hyperliquid’s success particularly remarkable is that, unlike most other high-performing protocols that operate on established blockchain networks such as BNB, Solana, or Ethereum, Hyperliquid functions as its own independent chain.

With the exception of Tron, virtually all other major protocols rely on parent blockchains, whereas Hyperliquid has achieved its substantial revenue figures as a standalone entity.

Despite this impressive performance and unique positioning, HYPE has experienced considerable downward price pressure recently, trading below the $20 threshold for sixteen consecutive days, creating a notable disconnect between the protocol’s operational success and its market valuation.

HYPE DMI Shows Buyers Are In Control

The HYPE DMI (Directional Movement Index) chart shows promising momentum shifts, with the ADX (Average Directional Index) rising from 15.7 to 19, suggesting a strengthening trend conviction.

More significantly, the +DI (Positive Directional Indicator) has surged from 18 to 29.1, while the -DI (Negative Directional Indicator) has declined from 21.8 to 13.5. This crossover pattern, where +DI rises above -DI, typically signals a potential bullish reversal.

The increasing spread between these indicators and the rising ADX suggests that buying pressure is overcoming selling pressure, potentially setting the stage for HYPE to break above its recent sub-$20 trading range.

HYPE DMI.
HYPE DMI. Source: TradingView.

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. Readings above 70 are typically considered overbought, and below 30 are considered oversold.

HYPE’s RSI climbing from 54.5 to 66 indicates growing bullish momentum that hasn’t yet reached extreme levels. This uptick suggests strengthening buyer interest while remaining below the overbought threshold of 70.

HYPE RSI.
HYPE RSI. Source: TradingView.

The fact that HYPE hasn’t reached overbought levels since December 2024 implies there may still be room for price appreciation before any potential pullback.

Together with the DMI indicators, this RSI reading reinforces the possibility of continued upward movement in HYPE’s price in the near term.

Will Hyperliquid Rise Above $20 This Week?

The HYPE Exponential Moving Average (EMA) lines are converging toward a potential golden cross formation, which occurs when a shorter-term moving average crosses above a longer-term one.

This technical pattern typically signals a strong bullish momentum shift that could propel HYPE to test its immediate resistance level at $17. Should buyers successfully break through this threshold, the path would open for HYPE to climb toward the $21 mark.

In scenarios where exceptional buying pressure materializes, Hyperliquid could extend its gains to challenge the significant resistance level at $25.80, representing a substantial recovery from its recent sub-$20 trading range.

HYPE Price Analysis.
HYPE Price Analysis. Source: TradingView.

Conversely, if the anticipated uptrend fails to materialize and bearish sentiment prevails, HYPE could experience renewed downward pressure, forcing it to test the critical support level at $12.43.

The importance of this support cannot be overstated, as a breach below this floor could trigger accelerated selling, potentially pushing HYPE under the psychologically significant $12 level for the first time since December 2024.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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What to Expect from XRP Price After the Ripple Lawsuit

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XRP is rallying after the SEC officially dropped its lawsuit against Ripple, triggering a 13% price surge in the past 24 hours. Strong technical signals and growing market participation are supporting the bullish momentum.

XRP’s network activity is also hitting record levels, with active addresses soaring to new highs. As traders digest the legal victory and positive market signals, XRP’s outlook is strengthening, increasing the chances of further upside in the near term.

XRP DMI Shows Buyers Are In Full Control

XRP’s DMI chart reveals a notable shift in momentum, with its ADX (Average Directional Index) rising to 20.4 from 15.64 following the news that the SEC is dropping its lawsuit against Ripple.

This increase signals a strengthening market trend, as the ADX tracks the overall strength of a trend without specifying its direction.

The recent surge suggests that the price action is gaining conviction, especially as the market digests the positive legal developments surrounding Ripple.

XRP DMI.
XRP DMI. Source: TradingView.

The ADX is often used alongside the +DI and -DI indicators, which help identify trend direction. Typically, an ADX above 25 confirms a strong trend, while values below 20 suggest a weak or range-bound market.

In XRP’s case, the +DI has jumped from 18.3 to 39, while the -DI has dropped from 19.63 to 12.97, indicating a clear bullish divergence.

This sharp rise in buying strength (+DI) combined with a weakening bearish signal (-DI) supports the idea that XRP is attempting to maintain and possibly extend its uptrend. If this dynamic continues, it could see further upside in the short term as bullish momentum builds.

XRP Active Addresses Are Reaching New Records

XRP’s network activity has been surging, with the number of 7-day Active Addresses reaching an all-time high of 1.19 million. This is a massive increase from the 237,000 recorded on February 27, marking an almost fivefold rise in just a few weeks.

The spike in active addresses signals that XRP’s blockchain is seeing heightened participation, whether from retail traders, institutional players, or speculative interest.

Such elevated levels of activity are rarely seen and could indicate growing attention and usage of the network.

7-Day XRP Active Addresses.
7-Day XRP Active Addresses. Source: Santiment.

Tracking the number of active addresses is crucial as it offers insight into the level of user engagement and real demand on the blockchain.

Generally, an increase in active addresses can suggest that more participants are transacting or interacting with the network, which often correlates with stronger liquidity and potentially higher price volatility. In XRP’s case, this record-breaking surge in activity could act as a bullish signal, hinting at growing interest and possibly renewed capital inflows.

While it doesn’t guarantee immediate price appreciation, such strong network participation could help support XRP’s price and reduce downside risk, especially if coupled with other bullish technical or fundamental factors.

Can XRP Reach $3 Soon?

Its EMA lines are currently pointing to a potential new golden cross forming soon.

Should this scenario unfold, XRP price may first challenge the resistance at $2.648. If buying momentum strengthens further, the price might push toward $2.99, potentially breaking above the barrier at $3.

XRP Price Analysis.
XRP Price Analysis. Source: TradingView.

Conversely, a renewed downtrend could take shape if the bullish momentum fails to materialize and XRP’s price struggles to hold above its current range.

In this case, the key support level at $2.47 would become clear. A breakdown below this threshold could expose XRP to further downside risk, testing $2.21 and possibly driving it down to as low as $1.90.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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